Crypto Shuttle News

Tag: Firm

  • Asian Firm HashKey Unveils Global Exchange Post Bermuda Licensing

    Asian Firm HashKey Unveils Global Exchange Post Bermuda Licensing

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    The HashKey Group, an Asian entity specializing in digital
    asset services, has unveiled the HashKey Global exchange after securing a
    license in Bermuda to provide regulated digital asset trading services. The
    announcement was made today (Monday), marking a milestone for the firm
    headquartered in Hong Kong, with operational presence in Singapore and Tokyo.

    With the unveiling of HashKey Global, the firm is poised to
    expand its offerings, starting with spot trading services for 21 digital
    assets. Among the featured assets are popular cryptocurrencies such as bitcoin, ether, Tether’s USDT, and Circle’s USDC. Additionally, the
    exchange has revealed plans to introduce futures trading product services in
    the coming weeks, further diversifying its portfolio and catering to the needs
    of its clientele.

    “HashKey Group aims to establish one of the world’s largest
    clusters of licensed exchanges within the next 5 years, surpassing all current
    regulated exchanges,” said Livio Weng, COO of HashKey Group.

    The HashKey Group attained unicorn status earlier this year
    following a fundraising round. The infusion of capital, which brought the
    company “nearly” to its $100 million fundraising objective, bolstered
    its position in the industry.

    Establishing HashKey Global in Bermuda’s Favorable
    Regulatory Landscape

    The choice to set up HashKey Global in Bermuda highlights
    the firm’s emphasis on operating within a regulated framework, with a
    commitment to compliance with industry standards and the cultivation of trust
    among investors and stakeholders. Bermuda’s favorable regulatory environment
    has positioned it as an appealing jurisdiction for companies exploring
    opportunities in the digital asset sector while maintaining adherence to
    rigorous regulatory protocols.

    Earlier, HashKey
    obtained all necessary licenses, making it the first Hong Kong firm to
    offer crypto retail trading, as reported by Finance Magnates. This achievement
    marks a notable milestone in legal regulations, as it updated Type 1 and Type 7
    licenses issued by the Securities and Futures Commission, allowing it to
    operate a virtual asset trading platform and provide automatic trading services
    to both institutional and retail users.

    The HashKey Group, an Asian entity specializing in digital
    asset services, has unveiled the HashKey Global exchange after securing a
    license in Bermuda to provide regulated digital asset trading services. The
    announcement was made today (Monday), marking a milestone for the firm
    headquartered in Hong Kong, with operational presence in Singapore and Tokyo.

    With the unveiling of HashKey Global, the firm is poised to
    expand its offerings, starting with spot trading services for 21 digital
    assets. Among the featured assets are popular cryptocurrencies such as bitcoin, ether, Tether’s USDT, and Circle’s USDC. Additionally, the
    exchange has revealed plans to introduce futures trading product services in
    the coming weeks, further diversifying its portfolio and catering to the needs
    of its clientele.

    “HashKey Group aims to establish one of the world’s largest
    clusters of licensed exchanges within the next 5 years, surpassing all current
    regulated exchanges,” said Livio Weng, COO of HashKey Group.

    The HashKey Group attained unicorn status earlier this year
    following a fundraising round. The infusion of capital, which brought the
    company “nearly” to its $100 million fundraising objective, bolstered
    its position in the industry.

    Establishing HashKey Global in Bermuda’s Favorable
    Regulatory Landscape

    The choice to set up HashKey Global in Bermuda highlights
    the firm’s emphasis on operating within a regulated framework, with a
    commitment to compliance with industry standards and the cultivation of trust
    among investors and stakeholders. Bermuda’s favorable regulatory environment
    has positioned it as an appealing jurisdiction for companies exploring
    opportunities in the digital asset sector while maintaining adherence to
    rigorous regulatory protocols.

    Earlier, HashKey
    obtained all necessary licenses, making it the first Hong Kong firm to
    offer crypto retail trading, as reported by Finance Magnates. This achievement
    marks a notable milestone in legal regulations, as it updated Type 1 and Type 7
    licenses issued by the Securities and Futures Commission, allowing it to
    operate a virtual asset trading platform and provide automatic trading services
    to both institutional and retail users.

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  • Crypto ATM firm GENERAL BYTES launches new model

    Crypto ATM firm GENERAL BYTES launches new model

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    GENERAL BYTES, a bitcoin and crypto ATM manufacturer, has announced this week the launch of its newest model, the BATMTwoUltra. This latest machine is loaded with the newest features while offering operators the same qualities they are familiar with from the BATMTwo series.

    Benefits

    The BATMTwoUltra comes with the additional option to configure the ATM for bidirectional (cash to crypto, crypto to cash) operations.

    Another advantage is that it is no longer required to manually assemble the unit upon delivery because the head and the stand are no longer separate units, saving the operator, valuable time when deploying machines to new locations.

    Also, the new BATMTwoUltra offers an optional extended recycler system called BNR that will be able to dispense up to 15 bills simultaneously. Furthermore, support for S&G or Kaba Mas auditable locks is standard, a necessity for operators relying on 3rd-party armored vehicles for cash collection.

    There is also a choice to select 600, 1,200, and 1,400 acceptor/recycler capacities so that the BATMTwoUltra can serve the busiest of locations. Bidirectional support is available when opting for a configuration with a recycler, opting for the BNR extended recycler offers both high speed and security.

    The recycler module enables dispensing banknotes inserted into the BATMTwoUltra by other customers and can recycle up to 180 banknotes. Adding a recycler to a configuration increases the initial price of the BATMTwoUltra, but it reduces operator visits to the ATM by up to 50%, saving on expenses in the long run.

    The GENERAL BYTES team presenting its newest BATMTwoUltra at the Bitcoin 2022 conference

    “We’ve collected client and end-user feedback for years and incorporated it into our latest model, the BATMTwoUltra. A workhorse designed to be a perfect fit for any location that offers optional bidirectional operations using the latest in recycler technology. Many Bitcoin 2022 conference attendees already had the opportunity to test it live, and they gave us some raving reviews, but now it’s your turn to discover this brand new Bitcoin ATM!”
    – GENERAL BYTES CEO, Vojtech Fryal

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  • Cryptocurrency Firm Fireblocks Acquires First Digital

    Cryptocurrency Firm Fireblocks Acquires First Digital

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    One of the fastest-growing cryptocurrency companies, Fireblocks announced the acquisition of First Digital today. The acquisition will facilitate the expansion of the company’s payment offering.

    Fireblocks noted that the integration of First Digital will support B2C, B2B, cross-border and other forms of payment through USDC, Celo, other stable coins and digital currencies. In addition, the crypto firm outlined the rising retail and institutional demand for digital asset-related payments.

    Earlier this year, Fireblocks raised a whopping $550 million in its Series E funding round. With a valuation of approximately $8 billion, Fireblocks is one of the most valuable companies in the digital asset ecosystem.

    “We’re thrilled to welcome First Digital to the Fireblocks family as we accelerate our expansion plans to help every business become a crypto business. We’re pushing ‘fast forward’ to give PSPs the suite of tools they need to begin accepting crypto payments,” Michael Shaulov, the CEO and Co-Founder of Fireblocks, said.

    Payments with Digital Assets

    According to research conducted by Mastercard, nearly 40% of the consumers in Africa, the Middle East, Asia-Pacific and the American region are planning to use digital currencies for purchases in the next year. Additionally, a large percentage of the respondents are exploring different technology-driven solutions for the settlement of cryptocurrency payments.

    Fireblocks and First Digital believe that the acquisition will increase the global adoption of digital assets. “It is amazing to see what the entire Fireblocks team has built and accomplished in such a short period of time. This is an exciting opportunity for the First Digital team based on a proven, successful partnership with Fireblocks. We believe that payments should be a core functionality for all fintech apps, and via Fireblocks’ platform, we will make it available to the world at scale,” Ran Goldi, the CEO of First DAG, commented on the acquisition announcement.

    One of the fastest-growing cryptocurrency companies, Fireblocks announced the acquisition of First Digital today. The acquisition will facilitate the expansion of the company’s payment offering.

    Fireblocks noted that the integration of First Digital will support B2C, B2B, cross-border and other forms of payment through USDC, Celo, other stable coins and digital currencies. In addition, the crypto firm outlined the rising retail and institutional demand for digital asset-related payments.

    Earlier this year, Fireblocks raised a whopping $550 million in its Series E funding round. With a valuation of approximately $8 billion, Fireblocks is one of the most valuable companies in the digital asset ecosystem.

    “We’re thrilled to welcome First Digital to the Fireblocks family as we accelerate our expansion plans to help every business become a crypto business. We’re pushing ‘fast forward’ to give PSPs the suite of tools they need to begin accepting crypto payments,” Michael Shaulov, the CEO and Co-Founder of Fireblocks, said.

    Payments with Digital Assets

    According to research conducted by Mastercard, nearly 40% of the consumers in Africa, the Middle East, Asia-Pacific and the American region are planning to use digital currencies for purchases in the next year. Additionally, a large percentage of the respondents are exploring different technology-driven solutions for the settlement of cryptocurrency payments.

    Fireblocks and First Digital believe that the acquisition will increase the global adoption of digital assets. “It is amazing to see what the entire Fireblocks team has built and accomplished in such a short period of time. This is an exciting opportunity for the First Digital team based on a proven, successful partnership with Fireblocks. We believe that payments should be a core functionality for all fintech apps, and via Fireblocks’ platform, we will make it available to the world at scale,” Ran Goldi, the CEO of First DAG, commented on the acquisition announcement.

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  • US-Based Fintech Firm Ideal Launches Crypto-Analytics API Solution

    US-Based Fintech Firm Ideal Launches Crypto-Analytics API Solution

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    Ideal, a US-based
    technology provider company, has announced the launch of its crypto analytics
    application programming interface (API), Impact API, using Pyth Network’s
    real-time on-chain market data.

    By using the Pyth
    Network, Impact API provides cryptocurrency trading companies with
    institutional-grade analytics and complete transparency on their profitability and
    transaction costs.

    Ideal s decision
    intelligence solutions help to turn data analytics into clear actions for trading
    success, and, therefore, it provides traders in traditional finance and cryptocurrency
    markets with performance insights that help them better understand their true
    execution costs and enhance their trading decisions. Impact API helps to bring transparency
    on the crypto transactions, a market where costs and spreads are mostly opaque.

    John Crouch, the Ideal
    CEO, said: “The high-quality, real-time market
    data provided by the Pyth Network opens up a world of opportunity for crypto
    trading firms. We are thrilled to build upon Pyth’s innovation with our
    plug-and-play analytics. Our Impact API uses Pyth’s data to instantly calculate
    market impact costs and reveal what spreads traders are actually paying. We’ve
    seen cases where crypto spreads are 10 to 100 times higher than they would be
    in traditional markets. In the coming months, we’ll expand the range of
    available market data sources and add new analytics functionality.”

    Adding to that, Michael Cahill, the Director at Pyth Data Association, stated: “As the Pyth ecosystem continues to gain momentum with over 40
    data providers contributing real-time pricing, and over 120 projects using the
    oracle, we are thrilled to see Ideal building advanced analytics using Pyth
    Network data. With our network of the world’s most prominent trading firms,
    several regulated exchanges and foundational crypto companies, we are proud to
    make financial data freely accessible to all. Ideal shares our desire to bring
    greater transparency and insight to both crypto and traditional markets.”

    Financial
    Institutions Are Embracing APIs

    The announcement by
    Ideal comes at a time when the number of API-led
    financial services companies continue
    to proliferate around the world. Fintechs such as Plaid, Tink, Belvo and
    Truelayer are providing their API-related services in the US, Europe, Latin
    America and the UK, respectively. These firms offer developer and engineering tools
    that reduce the operational and technical effort needed for apps to connect to
    their users’ financial accounts.

    The use of APIs is
    making it possible for other firms to integrate what are otherwise complex
    services to develop from scratch simply by adding in a few lines of code. Financial
    infrastructure companies are enabling developers and firms to innovate around services
    such as wealth management, insurance, personal finance, lending and payments.

    Ideal, a US-based
    technology provider company, has announced the launch of its crypto analytics
    application programming interface (API), Impact API, using Pyth Network’s
    real-time on-chain market data.

    By using the Pyth
    Network, Impact API provides cryptocurrency trading companies with
    institutional-grade analytics and complete transparency on their profitability and
    transaction costs.

    Ideal s decision
    intelligence solutions help to turn data analytics into clear actions for trading
    success, and, therefore, it provides traders in traditional finance and cryptocurrency
    markets with performance insights that help them better understand their true
    execution costs and enhance their trading decisions. Impact API helps to bring transparency
    on the crypto transactions, a market where costs and spreads are mostly opaque.

    John Crouch, the Ideal
    CEO, said: “The high-quality, real-time market
    data provided by the Pyth Network opens up a world of opportunity for crypto
    trading firms. We are thrilled to build upon Pyth’s innovation with our
    plug-and-play analytics. Our Impact API uses Pyth’s data to instantly calculate
    market impact costs and reveal what spreads traders are actually paying. We’ve
    seen cases where crypto spreads are 10 to 100 times higher than they would be
    in traditional markets. In the coming months, we’ll expand the range of
    available market data sources and add new analytics functionality.”

    Adding to that, Michael Cahill, the Director at Pyth Data Association, stated: “As the Pyth ecosystem continues to gain momentum with over 40
    data providers contributing real-time pricing, and over 120 projects using the
    oracle, we are thrilled to see Ideal building advanced analytics using Pyth
    Network data. With our network of the world’s most prominent trading firms,
    several regulated exchanges and foundational crypto companies, we are proud to
    make financial data freely accessible to all. Ideal shares our desire to bring
    greater transparency and insight to both crypto and traditional markets.”

    Financial
    Institutions Are Embracing APIs

    The announcement by
    Ideal comes at a time when the number of API-led
    financial services companies continue
    to proliferate around the world. Fintechs such as Plaid, Tink, Belvo and
    Truelayer are providing their API-related services in the US, Europe, Latin
    America and the UK, respectively. These firms offer developer and engineering tools
    that reduce the operational and technical effort needed for apps to connect to
    their users’ financial accounts.

    The use of APIs is
    making it possible for other firms to integrate what are otherwise complex
    services to develop from scratch simply by adding in a few lines of code. Financial
    infrastructure companies are enabling developers and firms to innovate around services
    such as wealth management, insurance, personal finance, lending and payments.

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