On August 23rd, Derivatives Exchange Bitget announced its new logo designed to indicate a place where people can exchange freely and realize their financial dreams with the help of leverage.
According to Bitget, Bit is a blended word coming from Binary and digit and the smallest unit of information. It implies a business that is based on digitalization and IT. “Get” represents interaction, a kind of connection between the platform and the external world. In combination, the name Bitget expresses its mission “Better Trading Better Life”, and its commitment to offer liberal, ultimate and fair trading services.
The new LOGO uses two interactive arrows to symbolize the liquidity and activity of Bitget and its pursuit of freedom and fairness. It also reflects the nature of platform trading. The interactive image shows that Bitget will always put users first and lead users to success and fortune through transactions. The newly adopted blue color represents the energy and vitality of the crypto industry and delivers a sense of boldness and creativity — an image the platform wants to show to its users.
The new logo is a testament to Bitget’s achievements in the past and an embodiment of its vision for the future. In just three years since its establishment, the platform has successfully made itself into the Top6 derivative exchange, closely after the professional ones FTX and Bybit. Bitget now has more than 1.6 million registered users in 48 countries and regions, including Japan, South Korea, Vietnam, Russia and Turkey, with an average daily trading volume of $5.6 billion. It has become one of the fastest-growing derivatives exchanges in the world.
According to its CEO Sandra, Bitget will continue to dive deeper into derivatives trading in the remaining months of the year. It aims to bring users products and services focused on futures, and expand to global markets such as South America, Japan, Central Europe, and Russia under the principle of compliant and localized operations. As Bitget steps up its globalization efforts and connects with users from more countries, a simpler and unique logo to display a new corporate culture and values become a necessity.
Last month, it released a new slogan “Better Trading Better Life”, indicating that every user across the world can enjoy a liberal, ultimate and fair trading experience on Bitget and realize their financial dreams with the help of leverage. “The new logo conveys not only a change of appearance but also a stronger inner spirit. The updated logo and slogan deliver a message that is in line with our corporate culture. In the future, Bitget will bring more surprises to users with our brand new image.” says Sandra.
About Bitget
Established in July 2018, Bitget is one of the world’s fastest-growing derivatives exchanges that support futures trading, spot trading and crypto asset purchasing. As a platform in pursuit of perfection and innovation, Bitget has pioneered to launch three flagship products of USDT-Margined Futures, One-Click Copy Trade, and Quanto Swap Futures to provide the best services to users. It is now the Top6 derivatives exchange and the largest crypto copy trading platform in the world.
Liti Capital is now trading on Bitcoin.com Exchange
Geneva, Switzerland, August 24, 2021 — Liti Capital’s wLITI token, a wrapped version of the Swiss company’s LITI equity token, has been listed on the Bitcoin.com Exchange on 24 August at 10:00AM UTC. wLITI is trading with BTC and USDT pairs.
Liti Capital, a Swiss-based blockchain private equity fund specializing in raising capital for legal cases, is making waves in traditional investing by bringing litigation financing to the masses, an investment practice traditionally monopolized by hedge fund heavyweights and elite investors.
Just last week, 19 August 2021, Liti Capital announced that it was funding a claim (www.binanceclaim.com) against Binance, which would enable affected individuals to pursue claims, including, if necessary, in arbitration, for compensation in relation to the exchange failing on 19 May 2021. This failure resulted in the trading accounts (including Futures, Margin, and Leveraged Token products) of at least 700 and potentially thousands of individuals being effectively untradeable for hours, causing traders to suffer losses that could exceed one hundred million dollars.
Litigation financing is the practice of bringing in investors to cover the cost of a lawsuit or arbitration in exchange for a portion of the profit. Litigation financing specialists, such as Liti Capital, purchase litigation assets for cases they deem to have a high chance of winning.
While litigation financing often requires an initial investment of $500,000 to $1 million from an investor, Liti Capital makes it accessible for anyone with as little as $50. It does this by tokenizing shares in Liti Capital and paying out dividends to Liti Capital (LITI) equity token holders when a case in Liti Capital’s portfolio is won.
Liti Capital has already secured a healthy case portfolio with its largest case potentially worth more than $1 billion when it finally settles. Cases like these, which tend to be commercial rather than consumer or personal lawsuits, usually target large-scale corporate disputes valued at more than $10 million. While they could take years before a settlement is reached, successful litigation funders can expect to pocket between three and five times their initial investments, according to estimates by litigation finance expert Steven Friel.
wLITI is an ERC-20 token that is the wrapped version of the LITI equity token. Launched on June 29, 2021, the wLITI token is suitable for trading on exchanges such as Bitcoin.com, whereas the LITI token is only available through liticapital.com after meeting KYC requirements. Liti Capital uses the blockchain to manage its share registry. Development of its own blockchain-based case management tools is on its roadmap.
Switzerland-based Liti Capital creates wLITI at a LITI token buyer’s request via Liti Capital’s app or website, which converts the LITI to wLITI at a 1:5000 ratio. The tokens will always maintain this ratio. The buyer is then able to trade their wLITI freely. Liti Capital does not directly sell wLITI.
LITI is a true digital share of Liti Capital that has voting rights, pays dividends and is protected under Swiss law. LITI is purposely not designed to be on exchanges at this time.
Both tokens represent Liti Capital, whose mantra is “private equity for all.” Liti Capital works exclusively in a single form of private equity — Litigation Finance, also called third party funding. This asset class has remained almost entirely exclusive to hedge funds and venture capitalists since its inception several decades ago. Litigation Finance is the practice of financing all or part of a legal case on behalf of a plaintiff for an agreed upon percentage of the court award.
Once Liti Capital purchases a portion of ownership of a case, it provides capital that can be used in many ways: legal fees, case management and strategy, expert witnesses, intelligence work and whatever else is needed to give the plaintiff the best chance of winning the case and collecting the award. The portion owned by Liti Capital becomes a “litigation asset” that backs the LITI token.
Danish Chaudhry, CEO of Bitcoin.com Exchange, shared his views on wLiti’s listing, saying,“The Liti Capital team are providing an equity token which is the first of its kind, focused around easy-to-access private equity investment opportunities for basically anyone with the help of blockchain technology.”
Chaudhry continues on by saying: “We’re very excited to see how Liti Capital will continue to empower their vision, and gain further outreach with our outstanding community at the exchange.”
Jonas Rey, CEO of Liti Capital, said, “Listing on Bitcoin.com Exchange is an excellent opportunity for us, and a milestone we are proud of. We have full confidence that once the public discovers just how valuable the litigation assets we are able to purchase on behalf of LITI investors are and how powerful blockchain-backed private equity trading can be, that wLITI will become a very popular token indeed.”
Listing details
Trading Opening: Aug. 24, 2021, 10:00AM UTC
Deposit Opening: Aug 24, 2021, 09;00AM UTC
Trading Pairs: wLITI/BTC
wLITI/USDT
About Liti Capital
Switzerland-based Liti Capital is a Swiss limited liability company specializing in litigation finance and fintech. Liti Capital buys litigation assets to fund lawsuits and provides a complete strategic solution along with connections to top law firms to help clients win their cases. Tokenized shares of the company lower the barrier of entry for retail investors and give token holders a vote in the company’s decision-making process. Dividends are distributed to LITI token holders upon the success of the plaintiff. Jonas Rey, co-founder of Liti Capital, also heads Athena Intelligence, one of the most successful intelligence agencies in Switzerland. His two co-founders, Andy Christen and Jaime Delgado, bring operational, innovation and technical skills to round out the leadership team.
Liti Capital recently onboarded seasoned industry leader David Kay as chief information officer and executive chairman. Boasting more than a decade of experience as funding partner and portfolio manager of a billion-dollar private equity fund in the litigation financing space, Kay successfully enforced what was at the time the largest international arbitration award in history, bringing in over $1 billion in cash and securities.
About Bitcoin.com Exchange
The mission of Bitcoin.com Exchange is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within one year since launch, on average, the exchange has been visited by more than 500K active traders per month, and this number continues to grow by the minute.
Today, the Dash Core Group announced it has integrated crypto exchange Liquid.com’s ‘Quick Exchange’ feature into Dash’s official wallet app for Android. Users can now purchase Dash within the Dash Wallet by a VISA card with support for over 100 countries and more than 50 national currencies.
Liquid’s Quick Exchange was designed to make buying and swapping cryptocurrency quick and easy. Users purchasing cryptocurrency using Quick Exchange will receive a price quote in their national currency; or can select any of 50+ fiat currencies to view their price quotes.
3 Integration Phases
This is the first of three release phases that the integration will bring to both Dash & Liquid.com users. All Quick Exchange purchases of Dash with VISA in the app will take minutes. This is due to Liquid’s integration of InstantSend, one of Dash’s unique features.
Then the highly-anticipated second phase of this integration is the Swaps feature of Quick Exchange, which is scheduled to be released in the near future. Users can use Quick Exchange’s Swap feature to swap one crypto to another seamlessly, including cross-chain transactions.
The third and final phase is the ability for users to transfer Dash between their Liquid account and the Dash Wallet, which is to be released in Q4 2021.
“It’s been great working with the Dash team on something truly great for the community. Liquid Quick Exchange offers best-in-class exchange rates with an industry-leading user experience. Combined with the high-quality Dash ecosystem and the app; we have quite a formidable use-case.” – Jered Masters, Head of Frontend & Quick Exchange Lead at Liquid
Liquid.com + DASH
Dash constantly strives to ensure a high level of user experience within the Dash Wallet, focusing on the speed and usability of the wallet over other features. The ability to add more features to the Wallet has allowed for increased user retention and increased usage.
“The inclusion of Liquid’s Quick Exchange is a crucial step forward in our mutual dedication to user experience and ease of acquisition. With Liquid’s global coverage; users in every corner of the world will be able to participate in and benefit from this integration. Liquid is a recognized Dash FastPass partner; which means Dash can be quickly purchased, deposited, and withdrawn to be used however and whenever the user sees fit.” – Omar Hamwi, Business Development Manager at Dash Core Group
The Dash community has seen an improvement in the Dash trading ecosystem since the Dash Core Group’s Business Development team began implementing its FastPass strategy.
What began as an effort to promote businesses in the trading ecosystem that have implemented InstantSend; is now an interconnected network of partners where users can utilize the power of the FastPass network. This has allowed new use-cases including arbitrage. The Dash Investment Foundation further made an investment in Quadency; an automated trading solution and also a FastPass partner. Quadency is too integrated with Liquid for automated and instant trading of Dash.
DeFi (decentralized finance) has expanded its frontiers beyond the imagination of users. From a TVL of just over USD 1 billion in June 2020, to the current staggering USD 80 billion, its exponential growth is becoming a focal point to measure the massive activity in the world of finance, not just the token economy. The genesis of the various chains and DeFi platforms fuels positive growth the industry has been…
CoinDCX, an India-based crypto exchange, has announced the closing of a $90 million Series C round.
The funding was led by B Capital Group (founded by former Facebook co-founder Eduardo Saverin); plus returning investors Coinbase Ventures, Polychain Capital, Block.one, and Jump Capital among others.
Funding Development
With the funding, CoinDCX will pursue new business initiatives, enhance its product offering, improve technology infrastructure, and expand its workforce.
Other notable plans for CoinDCX include partnerships to expand its user-base, setting up a research and development (R&D) facility, strengthening policy conversations through public discourse, and collaboration with the government to introduce favorable regulations and education support programs.
“With the support of the largest institutional backers in both the traditional and digital asset spaces; we will double down on our efforts to build the next generation of products with cutting edge innovation, improve our existing product array, and strengthen our exchange infrastructure and product team.” – Sumit Gupta, Co-Founder & CEO CoinDCX
Spain-based bitcoin/crypto exchange platform Bit2Me has announced the launch of B2M, its native token. In the final step before the public sale, set to take place starting on September 6th, the company recently completed a seed funding round among private investors in which it has raised €2.5 million.
Bit2Me supports 50+ cryptocurrencies on its platform, including Ethereum, Cardano, Polkadot, Dogecoin, and Uniswap. Besides cryptocurrencies, its wallet supports euros. Since its founding, Bit2Me has carried out operations worth more than €1 billion and has active clients in more than 100 countries.
A total of 5 billion tokens with a nominal value between €0.01 and €0.002 per token will be offered. The public issuance will begin on September 6th, 2021, and end on September 30, 2021. The tokens can be purchased through Bit2Me’s website, where the token’s whitelist and whitepaper can be accessed.
Token Attributes
Holders of the required balance of B2M tokens will enjoy a discount of up to 90% on services such as exchanges in Bit2Me Wallet and Bit2Me Trade, legal tender deposits and withdrawals, Bit2Me Card issuance and use, training at Bit2Me Academy, blockchain transfers, and OTC trading.
In addition, users will be able to pay the applied fees with their B2M token balance. By doing so, they will get an even greater discount on each Suite fee. A combined fee scheme will be implemented between the amount of B2M tokens held and the volume traded in the last 30 days.
Also, crypto-assets may be lent to third parties in exchange for the corresponding return. These users will obtain advantageous conditions on this service if they decide to collect these returns in B2M token. Moreover, users who make purchases from Bit2Me partners with their card will be reimbursed a percentage of the purchase at the end of the month. This percentage will be higher for those users who have tokens in their balance and want to receive this refund in tokens.
Governance and Advantages for Token Buyers
Bit2Me may include the functionality to use the B2M token to allow users to vote on Suite features, such as new cryptocurrencies, adding merchants to the marketplace, debit cards refunds. On the other hand, access to some of the new cryptocurrencies and features in the Bit2Me suite may be offered first to token holders, as well as to airdrops from partner projects that seek to work with Bit2Me’s user base.
Token Sale Phase
Distribution:
1st Phase Offering 1: 10%
2nd Phase Offering 2: 10%
3rd Phase Offering 3: 5%
Team: 10%
Platform Reserve: 30%
Private Seed Round: 10%
Advisors: 8%
R&D Ecosystem: 7%
Airdrops: 2%
Partners: 8%
Token Information:
Name: Bit2Me Token
Symbol: B2M
Blockchain: Ethereum (ERC-20)
Max. Supply: 5,000,000,000
Eventual burn events of tokens owned by Bit2Me
Investment in R&D and Expansion
Bit2Me will use a significant part of the money raised to grow the R&D team to offer improvements through its services Suite. This mainly includes recruiting experts and developers, technical patents, and the protection of intellectual property rights. In this way, the company will be able to add new protocols and blockchains to its ecosystem in an agile and expedited way.
Another Bit2Me objective also includes the expansion of its model to other geographical areas to build the ecosystem and provide commercial value in Spain, the European Union, Latin America, and Africa.
In addition, Bit2Me will allocate resources to publicize its tools and to disseminate cryptocurrency technology to let users know its advantages and to achieve brand recognition. Another important part of the funds raised will be used in sizing the sales and operations teams.
Experienced Team
Bit2Me is comprised of a highly qualified staff, which was just recently re-inforced with the addition of Zeeshan Feroz as a strategic advisor. Zeeshan has extensive experience in the world of cryptocurrencies. He was responsible for establishing and growing Coinbase’s business outside the US; and now works closely with Leif Ferreira, Co-Founder, and CEO of Bit2Me, and Andrei Manuel, Co-Founder of the platform.
Others that are part of the Bit2Me team include Rodolfo Carpintier, entrepreneur and internet figure in Spain; as well as a former investor in Tuiter and BuyVIP (companies acquired by Telefonica and Amazon). Also on the team are Pablo Casadio, an investor with more than 20 years of multinational experience in various fields of FPA & BD for Otis Group, FSO at E&Y, and Capital Markets at PWC; plus Koh Onozawa, entrepreneur and director at Docuten.
“After adding more than 20 solutions to our Suite and having outdone ourselves year after year since 2015; we’ve taken the decision to go one step further. The Bit2Me (B2M) token marks a turning point in our career, driving us towards our goal, to bring cryptocurrencies closer and offer crypto information and management solutions that are easy to understand and accessible to everyone. We keep working for you because thanks to your support our project makes sense. Thank you for choosing us!” – Leif Ferreira, CEO of Bit2Me
BitYard, the world’s leading cryptocurrency derivative exchange based in Singapore, announced a refreshed corporate visual identity: a new logo highlighting ‘B’ & ‘Y’, a fresh slogan, and a vivid color palette. While ‘B’ conveys the strong belief on an inevitable trend of Bitcoin and other crypto evolving into currencies in global usage, the letter ‘Y’ derived from the word ‘Yard’ signifies BitYard’s ambition to become global traders’ backyard oasis, offering the most diverse digital investment services. Along with the brand refresh, BitYard introduces an optimal UI/IX on its mobile app and web page, aiming to ensure the services run smoothly. Not only does the upgrade inject new vitality into BitYard, but it also provides its users with a more accessible, personable, and pleasant experience in their digital trading journey.
The new slogan of BitYard ‘Grow your future in the yard’ is at the heart of the company’s vision of becoming the perfect beginner-friendly backyard for global investors. The slogan also evokes our collective memory: the carefree days playing in the yard with limitless creativity. While the yard is a place full of imagination for children, BitYard hopes the yard remains a source of inspiration for the grown-ups, motivating and assisting them in building a promising future and make their dreams come true.
BitYard resolves to permeate every facet of digital asset trading service, and most importantly, BitYard is intent on becoming traders’ backyard oasis, which is furnished with rich soil — a fast and secure trading platform — and multiple handy garden tools — a variety of digital financial services. So far, the flourishing backyard oasis built by BitYard encompasses all aspects of trading services. One of the most popular services on Bityard is spot trading, which allows users to buy and sell popular crypto like Bitcoin (BTC), Ether (ETH) and 70+ popular altcoins. Another service that draws users’ attention is Contract for difference (CFD), a trading service that enables users to speculate on the rising or falling prices of fast-moving global financial markets, such as crypto, forex, commodities, and indices. In addition, BitYard also supports rookie investors’ favored service: copy trading. By copying experienced traders’ activities, it is possible for crypto newcomers with limited knowledge to thrive in the market.
To embody the latest trends in digital finance, BitYard plans to release two new features for its users. The first feature is ‘Crypto Grid Trading’, a new trading service that enables users at all levels to conduct automatic investment plans on the crypto market, managing crypto holdings, and build strategies with just a few taps/mouse clicks. Another feature is ‘Perpetual Contract’, a type of futures contract that has no expiration date and can make profits by correctly predicting the movement of the asset’s price without actually holding the asset itself. The upcoming features are proofs of BitYard’s devotion to staying at the forefront of the digital financial service revolution and its commitment to promoting service innovation to provide its global users with up-to-date trading tools.
With comprehensive crypto and digital derivatives services, BitYard serves as the ideal choice for its users to cultivate their own yard — planting the seed of investment and reaping the reward in the prosperous future. Following the massive brand upgrade, BitYard will be constantly innovating to match the ever-changing needs of its existing customers and prospects around the world, providing them with reliable and holistic financial services.
An exchange-traded fund focusing on more environmentally friendly crypto mining operations and infrastructure has been launched in the United States.
The new Viridi Cleaner Energy Crypto-Mining and Semiconductor ETF started trading on Tuesday, July 20, on the New York Stock Exchange under the symbol ‘RIGZ’.
The product is part of growing efforts to attract mainstream investors with a focus on environmental, social and governance (ESG) issues.
Viridi Funds, which launched the new investment product, stated that the fund also invests in crypto mining infrastructure businesses and semiconductor companies such as Samsung Electronics, Nvidia Corp., and Advanced Micro Devices, according to Law360.
Viridi CEO Wes Fulford, a former CEO of Bitfarms, said the fund will focus on clean energy screening. He said that the migration of mining out of China to North America was good news, as more than half of crypto mining operations in the region now use renewable energy sources:
“Obviously, with what’s happened in China the power used is dramatically lower than it was at the beginning of June. And it’s also providing the added benefit that more computing power is finding its way to other jurisdictions, sort of decentralizing the network even further, which adds to the security.”
Fulford added that Bitcoin and Ethereum address the ‘S’ and the ‘G’ from the ESG principles pretty well, and the new EFT will be adding the ‘E’. He stated that things are still in the early innings of this emerging asset class and a “tidal wave of institutional flows” has yet to come.
Related:Green Bitcoin: The impact and importance of energy use for PoW
According to a July 20 CNBC report, new data shows that Bitcoin mining isn’t nearly as bad for the environment as it used to be, thanks to older less efficient machines being switched off in China and operations moving to more environmentally friendly locations. North America has jumped from fifth to second place and now accounts for nearly 17% of all global Bitcoin mining.
On July 18, Cointelegraph reported that large U.S.-based crypto mining operations will benefit greatly from increased market share and hash rate dominance. It named Riot Blockchain, Marathon, Hut 8, and Hive Blockchain as potentially the biggest beneficiaries of China’s great mining migration.
Leading crypto exchange Bittrex Global has now listed XDC. Users will have access to the projects powered by XDC. Read here.
XinFin’s Mainnet Token XDC is now available on a leading cryptocurrency exchange Bittrex Global. Bittrex has listed XDC on July 13, 2021.
🚨 #NewListingAlert 🚨 The XDC Network (XDC) wallets are now enabled. The the BTC-XDC and USDT-XDC markets will be open for trading on https://t.co/WGrJdX2wvm
Through this listing, Bittrex Global’s world-wide users could send, receive, store, and trade using XDC tokens. Initially, the exchange will offer BTC/XDC , USDT/XDC trading pairs.
Bittrex Global is one of the most secure trading platforms and digital wallet ecosystems in the world where users can access exciting new products. The exchange is regulated under Bermuda’s Digital Asset Business Act (DABA) and Liechtenstein’s Transactions Systems Based on Trustworthy Technologies Act (a.k.a the Blockchain Act) frameworks. Bittrex contains the robust KYC/AML/CFT standards, thereby offering a high degree of security and privacy for the end-users.
In addition, Bittrex Global users can now access the multi-dimensional use-cases hosted on the XinFin Mainnet — TradeFinex, Plugin, StorX, Ledgermail.io, BlockDegree, and many more.
TradeFinex is an ADGM Reg Lab Entity. It is a decentralized marketplace that connects the trade finance originators and SMBs in the trade sector. Accordingly, it broadens the horizon for joining counterparties and also enables access to unprecedented business and investment opportunities.
Users will have access to a smart contract-based decentralized oracle called goPLUGIN.co. Other use cases such as decentralized storage ecosystem called Storx.tech and 1st decentralized email platform called Ledgermail.io built on XinFin blockchain Network. Finally, they can also utilize BlockDegree which is an edTech sector solution built on XinFin Blockchain. Recently, the token has also shown huge price growth.
Moreover, XinFin is known as a third-generation network with 2000+ transactions per second. The transaction confirmation is processed within 2 seconds in comparison with other blockchain platforms. According to CoinMarketCap, the XinFin’s native token XDC price is trading at $0.089 with a 24-hour trading volume of $4,453,504, at the time of writing.
Liquid.com, the popular cryptocurrency exchange, today announced that it has launched multi-chain support for deposits and withdrawals. This allows exchange users to receive and send assets across multiple blockchain-supported single assets to and from their Liquid account.
For the initial launch, Liquid added support for the Stellar (USDC)-based version and the USDT (TRC-20) version; in addition to the Ethereum network.
This new multi-chain support for single assets allows users to experience lower withdrawal fees and faster withdrawals for tokens across different chains; while moving away from the technological challenges of dealing with multiple wallets and private keys.
More Supported Blockchains Coming
In the near future, Liquid plans to extend its multi-chain support to other assets and blockchain networks; including USDC, USDT, GYEN, XSGD, IDRT, with blockchain interoperability for Stellar, Tron, Zilliqa, Algorand, Solana, and more to follow.
“Liquid is committed to promoting cryptocurrency adoption by introducing a technologically superior alternative to traditional payment rails. We’re taking a blockchain agnostic approach because we want to give maximum flexibility for our users to access diverse blockchain ecosystems. Being blockchain agnostic means, Liquid users can optimize for transaction time and network fees and access fast emerging ecosystems in DeFi and Dapps.” – Liquid.com COO, Seth Melamed
To celebrate the new feature, Liquid is waiving all withdrawal fees for USDC (Stellar) and USDT (TRC-20).
