• DeFi Technologies’ subsidiary Reflexivity Research announces its inaugural Crypto Investor Day, set for October 25th, 2024, in New York City.
  
• The event is expected to bring together nearly 1,000 industry leaders and top minds from both crypto and traditional finance, including speakers from VanEck, Nelson Mullins, Tether, Ripple Labs, Fidelity Digital Assets, White & Case, Sei, Lekker Capital, and more.
  
• Crypto Investor Day will be moderated by Anthony Pompliano and is supported by prominent sponsors, including Coinbase, Ledger, Grayscale, Near, 3iQ, Ripple, Blockware, B2C2, Copper, Nelson Mullins, Liquid Mercury, and more.

TORONTO, Sept. 13, 2024 /PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi“), is pleased to announce its subsidiary, Reflexivity Research LLC (“Reflexivity Research“), a leading crypto research firm, has announced its inaugural Crypto Investor Day, set to take place in New York City on October 25th, 2024.

Reflexivity Research’s Crypto Investor Day is expected to attract up to 1,000 industry leaders, investors, and entrepreneurs to midtown Manhattan this fall. The event will feature a full day of fireside chats with prominent figures from both the crypto and traditional finance sectors. The event will be moderated by Anthony Pompliano, Co-Founder of Reflexivity Research, who is known for his extensive work both building and investing at the intersection of finance, technology, entrepreneurship, and economics.

The event will feature an impressive lineup of speakers, including Jan van Eck (CEO of VanEck), Paolo Ardoino (CEO at Tether), Chris Kuiper (Director of Research at Fidelity Digital Assets), Ladan Stewart (Partner at White & Case), Quinn Thompson (Founder and CIO of Lekker Capital), Richard B. Levin (Chair – FinTech and Regulation Practice at Nelson Mullins), Brad Garlinghouse (CEO of Ripple Labs), Austin Federa (Head of Strategy at Solana), Jay Jog (Co-founder at Sei Labs), and several more. Tickets and a full list of speakers can be found at: https://lu.ma/cryptoinvestorday24

The event is supported by a host of esteemed sponsors and partners, including Coinbase, Ledger, Grayscale, Blockware, Near, 3iQ, Ripple, B2C2, Copper, Nelson Mullins, Liquid Mercury, Token Relations, and more.

“We’re thrilled to launch Crypto Investor Day, an event that will highlight the convergence of traditional finance and the digital asset space,” said Anthony Pompliano, Co-Founder of Reflexivity Research. “Our mission is to bridge the knowledge gap between these two worlds, maximizing our insights-per-minute KPI through some of the top minds in the industry.”

Olivier Roussy Newton, CEO of DeFi Technologies, added, “This event represents a great milestone for Reflexivity Research, as it builds off its successful Bitcoin Investor Day event earlier this year and continues to complement the growth seen in its research business. We’re excited to create a platform where leaders from both traditional and digital finance can collaborate and share ideas.”

For tickets and more information, please visit https://lu.ma/cryptoinvestorday24

About Reflexivity Research
Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. Reflexivity is a wholly owned subsidiary of DeFi Technologies Inc. For more information please visit https://www.reflexivityresearch.com/ 

About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem. Follow DeFi Technologies on Linkedin and Twitter, and for more details, visit https://defi.tech/ 

About Valour
Valour Inc. and Valour Digital Securities Limited (together, “Valour“) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF).

In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour’s existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK) Enjin (ENJ), Valour Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Valour Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low management fees. Valour’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free. For more information about Valour, to subscribe, or to receive updates, visit valour.com

Cautionary note regarding forward-looking information:

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the Crypto Investor Day held by Reflexivity Research; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of DeFi and digital asset sector; rules and regulations with respect to DeFi and digital asset; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

View original content to download multimedia:https://www.prnewswire.com/news-releases/defi-technologies-subsidiary-reflexivity-research-announces-inaugural-crypto-investor-day-in-new-york-city-302247424.html

SOURCE DeFi Technologies Inc.

Featured Image: depositphotos @ Violka08

Disclaimer

Worldcoin, a rising player in the decentralized identity space, recently made headlines with a significant expansion of its World ID feature to the Solana blockchain through the Wormhole interoperability platform. This development, announced on September 13, comes as part of the Worldcoin Foundation’s efforts to extend its decentralized identity verification system across multiple blockchains.

Worldcoin Solana Integration: What You Need to Know

The expansion of Worldcoin’s World ID feature to Solana is the result of a grant from the Worldcoin Foundation aimed at broadening the reach of its identity solution. The World ID feature is designed to verify human identity using advanced biometric technology, specifically eye scans, to create unique IrisCodes. These codes are then used to generate World IDs, which are crucial for verifying human identities and combating the growing issue of bots in digital environments.

Although the integration has been announced, World ID is not yet active on Solana. The project’s smart contracts are currently undergoing a rigorous security audit, expected to be completed in the coming weeks. Despite this, the market reacted positively to the news, with WLD tokens surging by 10% to reach $1.61 before settling at around $1.51, according to CryptoSlate.

The Role of Wormhole in Worldcoin’s Expansion

At the heart of this integration is Wormhole, a leading cross-chain platform that facilitates interoperability between different blockchain ecosystems. Wormhole allows tokens, data, and smart contracts to move seamlessly across multiple blockchains, enabling developers to create applications that transcend a single network.

Through this integration, Solana developers will now have the opportunity to build decentralized applications (dApps) that prioritize human verification via World ID, while leveraging Solana’s speed and efficiency. Wormhole will facilitate this by enabling Solana-based protocols to authenticate World IDs that were originally verified on Ethereum, where World ID was first deployed.

Robinson Burkey, co-founder of the Wormhole Foundation, stated, “Bringing World ID to Solana is a big step forward for identity verification. With the integration of World ID and Wormhole Queries, developers can now easily build applications that prioritize real users across chains, improving trust in decentralized ecosystems.”

World ID and the Fight Against Bots

Worldcoin’s mission, centered around the World ID, aims to tackle one of the most pressing challenges in the digital age: verifying human identity in an increasingly automated world. Bots have become a widespread problem across various online platforms, often engaging in activities like spamming, fraudulent transactions, and manipulating online voting or feedback systems.

World ID uses Orb devices to scan users’ irises, generating a unique IrisCode that acts as proof of their identity. This biometric verification ensures that the person interacting with decentralized applications or digital services is a real human, helping to build trust in decentralized systems.

By expanding this capability to Solana, Worldcoin hopes to empower developers on the Solana network to build applications that can differentiate between real users and bots. This move could enhance the quality of decentralized finance (DeFi) platforms, non-fungible token (NFT) marketplaces, and other dApps by ensuring that interactions within these ecosystems are genuine.

Solana’s Growing Role in Decentralized Identity

Solana has long been praised for its high-speed transactions and low fees, making it one of the top blockchain networks for DeFi, NFTs, and gaming applications. The integration of Worldcoin Solana identity verification through World ID is expected to add a new layer of trust and security to the network.

With the introduction of World ID, Solana developers will be able to create applications that require identity verification, opening up new possibilities for use cases such as voting systems, fair NFT drops, and more secure financial transactions. Moreover, by utilizing the Wormhole platform, these applications can tap into cross-chain functionality, potentially enabling a new level of interoperability for identity verification across blockchain networks.

The Broader Implications for Blockchain and Digital Identity

The integration of World ID into the Solana ecosystem represents a broader shift toward decentralized identity solutions in the blockchain space. As the world becomes more digitally connected, the need for secure, verifiable, and decentralized ways to prove one’s identity will only grow.

With the addition of Solana, Worldcoin is making strides in positioning itself as a key player in this emerging sector, offering a solution that could be widely adopted across various blockchains and applications.

As the security audit of the smart contracts is finalized and World ID becomes fully operational on Solana, the true impact of this integration will be seen. For now, the positive market reaction suggests that investors and developers alike are optimistic about the potential of Worldcoin’s vision for decentralized identity.

Featured Image: Freepik

Please See Disclaimer

Former U.S. President Donald Trump has faced a steep decline in his cryptocurrency portfolio, shedding $19.27 million in value over the last three months. This downturn, confirmed by blockchain intelligence firm Arkham, underscores the volatility of the cryptocurrency market and the risks associated with digital assets.

Major Losses in Donald Trump’s Cryptocurrency Holdings

As of September 13, Donald Trump’s cryptocurrency portfolio is valued at $5.87 million, a sharp decline from its peak of $25.16 million on June 6. This represents a staggering 76.6% loss in value. The losses are spread across a range of digital assets, with some tokens experiencing particularly significant devaluations. Among his holdings, the TRUMP/USD token, created as part of the Maga Memecoin project, is now worth $1.41 million, while Ethereum (ETH/USD) has dropped to $1.19 million.

Other digital assets in Trump’s portfolio include Wrapped Ethereum (WETH/USD), GUA/USD, TROG/USD, USD Coin (USDC/USD), and MAGAA/USD. However, the largest losses came from TROG, which plummeted by 95.73%, and the TRUMP token itself, which fell by 79.24%. Even more established cryptocurrencies like Ethereum and Wrapped Ethereum saw significant declines, losing around 35-36% of their value.

What’s Behind the Decline?

The steep drop in Donald Trump’s cryptocurrency portfolio can be attributed to the highly speculative nature of the assets he holds. While the overall cryptocurrency market has seen a downturn, certain coins in his portfolio, such as TROG and TRUMP, are particularly vulnerable to large price swings given their relatively niche status.

This level of volatility is common in the cryptocurrency world, where market sentiment can drastically change within a short period. The broader market’s downturn, exacerbated by regulatory concerns in the U.S., may have contributed to this steep decline in value across Trump’s assets.

Trump’s Crypto Project: World Liberty Financial

Despite the significant losses in his portfolio, Trump has doubled down on his involvement in the cryptocurrency space. On September 16, Trump and his family are set to launch a new cryptocurrency initiative, World Liberty Financial. This project has already stirred up discussions in both political and financial circles, with supporters and critics alike debating the potential implications.

Announced on Trump’s social media platform, the project promises to challenge traditional financial systems. In a video statement, Trump emphasized the revolutionary potential of cryptocurrency, claiming that “we’re embracing the future with crypto and leaving the slow and outdated big banks behind.”

This statement signals a significant shift in Trump’s position on cryptocurrency. Previously, Trump had been an outspoken critic of digital currencies, famously calling Bitcoin a “scam” and a “disaster waiting to happen.” His newfound support for digital assets is a clear attempt to reframe his approach, positioning himself as a forward-thinking leader in the rapidly evolving financial landscape.

Shifting Views on Cryptocurrency

Trump’s evolving stance on digital currencies may reflect his strategic ambitions to keep the U.S. competitive in this sector. Earlier this year, Trump warned that the United States risks falling behind China in the race to dominate the cryptocurrency market. He stressed that the U.S. must embrace digital currencies “made in the USA” to counteract China’s growing influence in the space.

This rhetoric, while politically charged, highlights a growing concern among many in the tech and finance industries about the future of cryptocurrency. With China making significant strides in developing a digital yuan and advancing blockchain technologies, Trump’s newfound support for U.S.-backed digital currencies aligns with his broader strategy to assert U.S. leadership in the field of emerging technologies.

Future Implications for Trump and Cryptocurrency

Despite the heavy losses in his cryptocurrency portfolio, Trump’s focus on digital assets and their potential role in reshaping the financial landscape is clear. His involvement in World Liberty Financial and his calls for U.S. leadership in cryptocurrency suggest that he sees digital assets as a vital component of future economic growth.

Whether Trump’s crypto portfolio will recover remains uncertain, but his recent moves demonstrate a commitment to staying at the forefront of the cryptocurrency movement. As this space continues to evolve, both his supporters and critics will be closely watching to see how Trump navigates the volatile world of digital currencies.

Featured Image: Freepik

Please See Disclaimer

SINGAPORE, Sept. 12, 2024 /PRNewswire/ — Alchemy Pay, the world-leading fiat-crypto payment gateway, has announced its official support for the BNB ecosystem. With this support, Alchemy Pay’s On & Off- Ramp now supports popular tokens on BNB Chain, including its native token BNB and stablecoins like USDC and USDT. This integration highlights Alchemy Pay’s expanded support for the BNB ecosystem, facilitating seamless fiat-crypto transactions for users.

By leveraging Alchemy Pay’s extensive network, which spans over 300 fiat payment channels across 173 countries with 50+ fiat currencies supported, including traditional payment methods like Visa and Mastercard, local mobile wallets and domestic bank transfers, users worldwide can effortlessly purchase and sell mentioned tokens on BNB Chain using their preferred payment methods, significantly enhancing the accessibility and reach of the BNB Chain.

BNB Chain is a leading blockchain ecosystem designed to support the growing demands of Web3. Offering a unique combination of speed, scalability, and affordability, BNB Chain has become a popular choice for developers building DApps and for users seeking to participate in the world of DeFi.

Through Alchemy Pay’s support, popular tokens on BNB Chain extend their global reach and strengthen BNB Chain’s position in the cryptocurrency market. By integrating with a globally recognized fiat-crypto payment gateway, these tokens gain increased visibility and ease of use, making them more attractive to both new and existing users. This integration further underscores Alchemy Pay’s commitment to advancing the adoption of digital currencies, lowering entry barriers for global users, making cryptocurrency more accessible to a broader audience and actively contributing to the growth of the emerging crypto market.

This further solidifies Alchemy Pay’s position as a pioneer in seamless crypto adoption. Building upon collaborations with leading networks and platforms like Polygon, TON, Arbitrum, ICP, Linea, Celo, Neo, Binance Pay, OKX, Bitget, and Lido, this latest alliance marks a pivotal step in Alchemy Pay’s mission to bridge the divide between fiat and crypto, paving the way for a more inclusive and accessible financial future.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:

• BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
• opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
• BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.

Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.

For more, follow BNB Chain on X or start exploring via our Dapp library.

About Alchemy Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off Ramp, Crypto Card, Web3 Digital Bank, Crypto Payments and NFT Checkout, Alchemy Pay supports payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. Additionally, our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain.

Website Twitter LinkedIn Medium YouTube Telegram Discord

View original content to download multimedia:https://www.prnewswire.com/news-releases/alchemy-pay-announces-official-support-for-bnb-chain-and-its-ecosystem-302247400.html

SOURCE Alchemy Pay

Featured Image: depositphotos @ stevanovicigor

Disclaimer

SEOUL, South Korea, Sept. 12, 2024 /PRNewswire/ — HYBE announced today that its subsidiary BINARY KOREA (hereafter “BINARY”) has signed a memorandum of understanding (MOU) with Coinbase, the world’s most reputable cryptocurrency company, to work together on developing BINARY’s Onchain Engagement Protocol that aims to revolutionize the creator economy through blockchain technology.

BINARY, HYBE’s arm dedicated to prioritizing Web3 user experience in building a new entertainment ecosystem, is partnering with Coinbase to launch the Onchain Engagement Protocol, an innovative creator enablement platform that harnesses the power of AI and blockchain technology. This technology will help connect creators with resources needed to help facilitate payments between fans and creators. Set to launch in 2025, this platform will be integrated into BINARY’s creator fandom platform, THEUS, enhancing the overall experience for creators and their fans.

By utilizing the Coinbase Developer Platform and Base blockchain, this initiative aims to equip creators with essential tools for secure exchanges of rewards, donations, and incentives, fostering deeper connections within their communities. The Onchain Engagement Protocol highlights BINARY’s commitment to revolutionizing the creator economy and building a dynamic new entertainment ecosystem that empowers creators and enriches fan engagement.

Anticipated features of the Onchain Engagement Protocol include:

• AI-Powered Influencer Discovery: Advanced models to identify emerging influencers and connect them with supporters.
• Autonomous Engagement Management: AI agents that manage fan interactions and automate the distribution of digital rewards.
• Integrated Token Economy: An intuitive system for easy donations between fans and creators, integrated with Coinbase wallets on the Base blockchain.

Sungmin Kim, CEO of BINARY, stated, “We have always been committed to fostering a more meaningful and enjoyable creator economy tailored to the needs of an IP-centric landscape, going beyond the traditional business model. In partnership with Coinbase, we believe that the new Onchain Engagement Protocol will significantly enhance engagement between creators and fans by promoting active user participation within THEUS and other communities to be involved.”

“We are truly excited to partner with BINARY on this innovative platform,” said Dan Kim, VP of Business Development at Coinbase. “The Onchain Engagement Protocol empowers creators to deepen their connections with fans and get paid directly for their work, aligning with our mission of increasing economic freedom in the world. By leveraging blockchain and AI technology, we aim to provide creators with the tools they need to build engaged communities and support the future of creative expression.”

As part of this partnership, BINARY will leverage tools provided by the Coinbase Developer Platform that will help creators easily accept donations onchain and build onchain functionality into their platforms. These tools include access to Coinbase Wallet, with transactions powered by the Base network, allowing for faster and cheaper payments that alleviate costs for fans and influencers.

Meanwhile, BINARY’s creator platform THEUS, which launched earlier this year, has already surpassed 50,000 user signups and features an impressive roster of over 35 creators including Dotty, SISTERYELL, and Cheezefilm.

About HYBE
HYBE Corp. (HYBE), rebranded from Big Hit Entertainment in March 2021, is a global entertainment lifestyle platform company that seeks boundless expansion in order to innovate the music industry. Ever since, HYBE has been expanding its multi-label system including BIGHIT MUSIC, BELIFT LAB, SOURCE MUSIC, PLEDIS Entertainment, KOZ ENTERTAINMENT, ADOR, HYBE LABELS JAPAN, NAECO, while HYBE AMERICA also manages its affiliate labels including Big Machine Label Group and Quality Control. In addition to the music business, HYBE established an integrated structure with its tech-driven future growth initiatives that creates concert, video content, game, original story and retail, as well as a platform business through Weverse, a global superfan platform. Composed of its global offices based in Korea, Japan, the US, and Mexico, the company works towards bringing innovative change throughout the global music industry.

About BINARY KOREA
BINARY KOREA is a subsidiary of HYBE that provides new services through the integration of entertainment and technology, aiming to enhance user experience. The company introduced South Korea’s first creator-fandom platform, THEUS, which expands the boundaries for creators while also encouraging meaningful communication between creators and fans under its company slogan, ‘CREATOR AND FAN, WE BECOME ONE.’

Media Inquiries
HYBE
Global Corporate Communications: globalcpr@hybecorp.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/binary-partners-with-coinbase-to-redefine-the-global-creator-economy-with-ai-and-web3-technology-302247299.html

SOURCE HYBE

Featured Image: Unplash @ Kanchanara

Disclaimer