Authorities arrested Yunhe Wang for administering the 911 S5 botnet. OFAC also sanctioned Wang and identified several of his crypto addresses

Chainalysis in Action: Law Enforcement Shuts Down 911 S5 Botnet

Blockchain forensics firm <strong>Chainalysis</strong> has discovered $169 million in Bitcoin connected to the 911 S5 botnet, facilitating the arrest of Chinese national Yunhe Wang

Feds, Chainalysis reveal $169m in Bitcoin controlled by 911 S5 botnet

According to blockchain data provider Chainalysis Inc., organizations paid $449 million to hackers in the six months through June 30. The firm estimates 2023 is on track to become the second most profitable year for ransomware campaign operators after 2021 ...

US, dozens of allies pledge not to pay ransomware hackers

Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers' funding mechanism, a senior White House official said on Tuesday.

Alliance of 40 countries to vow not to pay ransom to cybercriminals, US says

The U.S. government and dozens of foreign allies have pledged never to pay ransom demands in a bid to discourage financially motivated hackers and ransomware gangs profiteering from cyberattacks. The joint pledge was announced during the third annual meeting of the International Counter Ransomware Initiative,

US-led cybersecurity coalition vows to not pay hackers’ ransom demands

The 2023 edition of the ‘Geography of Cryptocurrency Report’ by the crypto analytics firm Chainalysis, released earlier this month, has pegged India at the top of the crypto adoption index, which basically means that India is experiencing the highest ...

RBI must see crypto as assets, not currencies. No one’s using it to buy grocery

Are crypto’s foes using Hamas fundraising activities as a pretext to eliminate cryptocurrencies? Could it kill crypto reform legislation in the United States?

Terrorist fundraising: Is crypto really to blame?

This move signals that China is softening its stance on NFTs and allowing some experimentation and innovation in the space.

China Lifts NFT Ban: What Does This Mean for the Crypto Industry?

All of this has set off a raging debate in Washington and the worlds of crypto and finance over how much cryptocurrency is contributing to terrorism.

Is crypto financing terrorism?

Earnings reports from cybersecurity stocks, which recently have outperformed the software sector, kick in next week with Check Point, Fortinet and Cloudflare reporting.

Cybersecurity Stocks: What To Watch In Next Week's Earnings Reports

Chainalysis

chainalysis

Anyone who watches the market will know that has been on the rise for years. From IMB to , some of the world’s biggest firms have dived head-first into the space, ushering in renewed public interest along with this financial support. web3 Apple 2024 is on track to be a pivotal year for the space as it could act as a bridge towards future growth. Grand View Research that web3 will see a compound annual growth rate of 49.3% from 2024 to 2030. Needless to say, anyone invested in web3 will want to pay close attention to the companies that operate within it in 2024. predicts But what companies are poised to come out on top? After all, the web3 space is as big as it is innovative and between the cryptos and the DAOs and the NFTs, the market is brimming with possibilities. Even among these, the following companies have stood out as the ones to watch: Yard[hub] is a web3 venture studio dedicated to turning ideas into ventures employing a hands-on, iterative methodology. This studio not only provides financial backing but also imparts expert guidance to its portfolio startups, aiding them in evolving into robust web3 enterprises. YARD Hub believes that startups flourish under the tutelage of its seasoned in-house teams, enhancing their chances of achieving the right product/market fit. YARD Hub As explained by YARD Hub co-founder Sergei Lagutenko, the studio covers a broad spectrum of expertise, from business analytics and product management to marketing and business development, steering startups clear of common pitfalls that lead to failure. Additionally, YARD Hub has introduced the Growth Camp, a web3 accelerator program, now inviting applications for its second cohort slated for Q2 2024. This program offers startups access to elite mentors, partner benefits, and six comprehensive learning tracks. YARD Hub's portfolio presents an intriguing opportunity for those keen on tracking the emergence of top-tier web3 companies. U2U Network stands at the forefront of the Web3 revolution as a pioneer in modular blockchain and Decentralized Physical Infrastructure Networks (DePIN). Leveraging advanced Subnet technology, the U2U Network introduces a modular approach to blockchain, enhancing scalability and flexibility. This innovative framework allows for the creation of specialized Subnets, tailored to specific applications or industries, thereby solving traditional blockchain limitations, reaching up to 500,000 Transactions Per Second (TPS) with under 650 ms finality time. U2U Network In the realm of DePIN, U2U Network excels by offering a suite of decentralized services, including Decentralized Private Network (DPN), Decentralized Identity (DID), Decentralized Storage, etc. These services embody the essence of DePIN, providing on-demand, decentralized solutions that empower users and foster a more secure, efficient, community-owned digital ecosystem. U2U Network's commitment to modular blockchain technology and DePIN positions it as a key player in shaping the future of decentralized digital infrastructure. As we move into 2024, U2U Network is a top Web3 company to keep a close eye on. Chainalysis stands out as a significant player in the web3 landscape this year, operating as a blockchain analysis firm. Over the years, Chainalysis has been putting out some of the most insightful and groundbreaking blockchain-related research you’ll find anywhere. For example, Chainalysis has been at the forefront of investigating the activities in the Silk Road marketplace, even helping authorities recover over a billion dollars from it. The company also blew the whistle on the activities of the North Korean hacking collective, the Lazarus Group. Chainalysis 2024 is gearing up to be a year of growth for both the blockchain and web3 space and we can trust Chainalysis to be at the forefront of researching it. The company started off the year on a high note covering the activities of the spot Bitcoin ETFs and as the halving and other activities unfold in the space, the industry will turn to Chainalysis for its track record of efficient research. File Coin , a notable web3 project to keep an eye on this year, has been a prominent figure in the field for several years now. It functions as a blockchain-based cooperative for digital storage and data retrieval, offering users the ability to store and access their data independently of centralized entities. This capability grants users crucial privacy and control over their information, which aligns with the ethos of the web3 environment. In the first weeks of 2024, File Coin released Glif, a liquid leasing protocol, which raised $4.5 million in a seed funding round, amidst plans to launch a rewards program for users. File Coin All this excitement has had a positive impact on FIL, the native token of the ecosystem, with some predicting its value to hit $50 per unit by the end of the year. As web3 comes to the forefront, more users will want to take control of their data and privacy and File Coin seems more than equipped to meet this need. In conclusion, the year 2024 holds immense promise for the web3 landscape, poised to act as a transformative bridge toward future growth. With a projected compound , the momentum behind web3 is undeniable. As the market brims with possibilities, investors and enthusiasts must monitor the evolving landscape closely. The web3 space embodies innovation and potential, fueled by a myriad of technologies ranging from cryptocurrencies to decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs). These advancements signify a paradigm shift towards decentralization and democratization of the internet. As we navigate this era of unprecedented change, it's imperative to remain vigilant and adaptive, embracing the transformative potential of web3. annual growth rate of 49.3% forecasted by Grand View Research

Top Web3 Companies To Follow in 2024

2024 সালে অনুসরণ করার জন্য শীর্ষ ওয়েব3 কোম্পানি

Top-Web3-Unternehmen, denen man im Jahr 2024 folgen sollte

Principales empresas de Web3 a seguir en 2024

Principales entreprises Web3 à suivre en 2024

2024 में अनुसरण करने योग्य शीर्ष वेब3 कंपनियां

2024 年に追随すべきトップ Web3 企業

2024년에 주목해야 할 최고의 Web3 기업

Principais empresas da Web3 a seguir em 2024

Лучшие компании Web3, за которыми стоит следить в 2024 году

2024'te Takip Edilecek En İyi Web3 Şirketleri

Các công ty Web3 hàng đầu nên theo dõi vào năm 2024

2024 年最值得关注的 Web3 公司

As International Women’s Day lands on Friday 8th March, it’s a good time to look at how women are represented (and underrepresented) in tech. With this year’s theme of #InspireInclusion, IWD wants to celebrate women's achievements, raise awareness about discrimination, and urge everyone to take action to drive gender parity. So what is it actually like to be a woman in tech, and what can be done to make that journey better––for everyone? Women are already paid less than their male colleagues, with the average pay gap in the United States standing between 22% and 30%. In 2022, Pew Research Center reported that the unadjusted gap has been more or less static for 20 years among the overall workforce at around 20-22%. There are signs that it is narrowing amongst younger workers, in positive news. That’s just one example of a lack of equity for female workers, and for Sonja Gittens Ottley, head of diversity and inclusion at Asana, research from her company has found that “there is an onus on leaders to create an environment that prioritizes belonging and empowerment. Crucial to this is creating spaces where women can express themselves and be honest about changes they believe the business needs.” Gittens Ottley points to workplace technology as one area that may foster change. “Research from our Work Innovation Lab shows that women (71%) are more likely than men (64%) to say that collaboration tools are crucial to their work. “While women may prefer such tools, it’s also true that they’re shouldering a disproportionate share of collaborative burdens. Meanwhile, our own findings showed that more women (67%) than men (62%) experience some level of digital exhaustion.” She says there is a “need for businesses to deploy a data-driven tech stack that can provide a fully-connected, accurate, and up-to-date map of work within an organization. Only then can businesses be sure that collaboration is happening effectively, and that technology is being used in a way that is supportive of women’s wellbeing and working styles.” Support for women on issues that matter At Slack, women are being supported around the issues that matter to them, according to Deirdre Byrne, who is the head of UK & Ireland at the company. “We've created an “Ask Me Anything” channel with the leadership team and a “Talking Menopause” channel, which are great examples of how companies can facilitate connections, share experiences, and encourage allyship,” she says. Marni Baker Stein, the chief content officer at Coursera, warns that new technological developments need to be taken seriously to make sure women are included. “The integration of AI into our professional lives is accelerating, and for women, this carries a particular threat of disruption,” she says. “In this area, there is more to be done. Currently, women are underrepresented in AI-related upskilling, with men being three times more likely to have enrolled in the most popular AI courses on Coursera’s platform. This disparity threatens to widen existing gender gaps in the workplace as AI literacy becomes increasingly necessary for career advancement.” Baker Stein is also passionate about education as a way to achieve gender parity. Flexibility is also key. “Investing in women’s learning and development is imperative, but to fully foster equitable environments, modern workplaces must continue to adopt hybrid work frameworks, and flexible learning methods, offering upskilling opportunities that are tailored to women’s schedules.” The landscape not changing fast enough And a close eye needs to be kept on specific tech sectors, agrees Pratima Arora, the chief product and technology officer at Chainalysis. “The landscape is not changing fast enough, especially in male-dominated industries like crypto where female representation in senior positions stands at 22.39% across the board, compared to 77.61% for men. “Women often feel as though they don’t belong and opt out of STEM-related professions early in life due to a lack of awareness of the opportunities available to them. This starts at an education level––when I was at university studying computer science, there were only three girls in my entire class of 50.” Violeta Martin, who is the VP of commercial sales EMEA at DocuSign, agrees. “Despite generally doing better in education, women are less likely to progress in the workplace. This shows that despite being qualified for roles, systemic barriers still exist that prevent many women from progressing in their chosen fields. As a woman working in the tech industry, I know first-hand the unique challenges that we face feeling included at work. “I urge leaders to make the industry more inclusive for women – whether that is by offering flexible working or educational pathways for young women wanting to try their hand at a career in STEM. Small actions compound and create workplaces where every employee is valued, respected, and empowered to thrive.” If you’re inspired to seek a new role in a company where equality matters, then the HackerNoon Job Board is a great place to begin. It contains thousands of open roles, like these three. Whisker, formerly known as AutoPets, is the maker of Litter-Robot, Feeder-Robot, and Litterbox.com. The Senior Software Engineer will be responsible for ongoing AWS IoT development, integrations with third-party IoT products, co-management of an agency partner, system debugging, and more. You will also provide support to the mobile application team when developing new interfaces and debugging issues. Vorto is looking for a Full Stack Software Engineer in Denver to successfully take ownership of features from idea to production, by primarily designing, building, and maintaining web applications (Angular/Typescript) and implementing supporting server endpoints on an ad-hoc basis in GoLang. Discover this Software Engineer job at G-Research in Dallas. You’ll join the Infrastructure Development team, providing tooling to maintain and develop the smooth running of the company’s IaaS platform and allow other software development teams to leverage it to its full potential. Accelerate your career in tech today via the HackerNoon Job Board By Kirstie McDermott As International Women’s Day lands on Friday 8th March, it’s a good time to look at how women are represented (and underrepresented) in tech. With this year’s theme of #InspireInclusion , IWD wants to celebrate women's achievements, raise awareness about discrimination, and urge everyone to take action to drive gender parity. #InspireInclusion #InspireInclusion So what is it actually like to be a woman in tech, and what can be done to make that journey better––for everyone? Women are already paid less than their male colleagues, with the average pay gap in the United States standing between 22% and 30%. In 2022, Pew Research Center reported that the unadjusted gap has been more or less static for 20 years among the overall workforce at around 20-22%. There are signs that it is narrowing amongst younger workers, in positive news. That’s just one example of a lack of equity for female workers, and for Sonja Gittens Ottley, head of diversity and inclusion at Asana , research from her company has found that “there is an onus on leaders to create an environment that prioritizes belonging and empowerment. Crucial to this is creating spaces where women can express themselves and be honest about changes they believe the business needs.” Asana Asana Gittens Ottley points to workplace technology as one area that may foster change. “Research from our Work Innovation Lab shows that women (71%) are more likely than men (64%) to say that collaboration tools are crucial to their work. “While women may prefer such tools, it’s also true that they’re shouldering a disproportionate share of collaborative burdens. Meanwhile, our own findings showed that more women (67%) than men (62%) experience some level of digital exhaustion.” She says there is a “need for businesses to deploy a data-driven tech stack that can provide a fully-connected, accurate, and up-to-date map of work within an organization. Only then can businesses be sure that collaboration is happening effectively, and that technology is being used in a way that is supportive of women’s wellbeing and working styles.” Support for women on issues that matter At Slack , women are being supported around the issues that matter to them, according to Deirdre Byrne, who is the head of UK & Ireland at the company. Slack “We've created an “Ask Me Anything” channel with the leadership team and a “Talking Menopause” channel, which are great examples of how companies can facilitate connections, share experiences, and encourage allyship,” she says. Marni Baker Stein, the chief content officer at Coursera , warns that new technological developments need to be taken seriously to make sure women are included. Coursera Coursera “The integration of AI into our professional lives is accelerating, and for women, this carries a particular threat of disruption,” she says. “In this area, there is more to be done. Currently, women are underrepresented in AI-related upskilling, with men being three times more likely to have enrolled in the most popular AI courses on Coursera’s platform. This disparity threatens to widen existing gender gaps in the workplace as AI literacy becomes increasingly necessary for career advancement.” Baker Stein is also passionate about education as a way to achieve gender parity. Flexibility is also key. “Investing in women’s learning and development is imperative, but to fully foster equitable environments, modern workplaces must continue to adopt hybrid work frameworks, and flexible learning methods, offering upskilling opportunities that are tailored to women’s schedules.” The landscape not changing fast enough And a close eye needs to be kept on specific tech sectors, agrees Pratima Arora, the chief product and technology officer at Chainalysis . Chainalysis Chainalysis “The landscape is not changing fast enough, especially in male-dominated industries like crypto where female representation in senior positions stands at 22.39% across the board, compared to 77.61% for men. “Women often feel as though they don’t belong and opt out of STEM-related professions early in life due to a lack of awareness of the opportunities available to them. This starts at an education level––when I was at university studying computer science, there were only three girls in my entire class of 50.” Violeta Martin, who is the VP of commercial sales EMEA at DocuSign , agrees. “Despite generally doing better in education, women are less likely to progress in the workplace. This shows that despite being qualified for roles, systemic barriers still exist that prevent many women from progressing in their chosen fields. As a woman working in the tech industry, I know first-hand the unique challenges that we face feeling included at work. DocuSign DocuSign “I urge leaders to make the industry more inclusive for women – whether that is by offering flexible working or educational pathways for young women wanting to try their hand at a career in STEM. Small actions compound and create workplaces where every employee is valued, respected, and empowered to thrive.” If you’re inspired to seek a new role in a company where equality matters, then the HackerNoon Job Board is a great place to begin. It contains thousands of open roles, like these three. If you’re inspired to seek a new role in a company where equality matters, then the HackerNoon Job Board is a great place to begin. It contains thousands of open roles, like these three. HackerNoon Job Board HackerNoon Job Board Whisker, formerly known as AutoPets, is the maker of Litter-Robot, Feeder-Robot, and Litterbox.com. The Senior Software Engineer will be responsible for ongoing AWS IoT development, integrations with third-party IoT products, co-management of an agency partner, system debugging, and more. You will also provide support to the mobile application team when developing new interfaces and debugging issues. Whisker, formerly known as AutoPets, is the maker of Litter-Robot, Feeder-Robot, and Litterbox.com. The Senior Software Engineer will be responsible for ongoing AWS IoT development, integrations with third-party IoT products, co-management of an agency partner, system debugging, and more. You will also provide support to the mobile application team when developing new interfaces and debugging issues. Senior Software Engineer Senior Software Engineer Vorto is looking for a Full Stack Software Engineer in Denver to successfully take ownership of features from idea to production, by primarily designing, building, and maintaining web applications (Angular/Typescript) and implementing supporting server endpoints on an ad-hoc basis in GoLang. Vorto is looking for a Full Stack Software Engineer in Denver to successfully take ownership of features from idea to production, by primarily designing, building, and maintaining web applications (Angular/Typescript) and implementing supporting server endpoints on an ad-hoc basis in GoLang. Full Stack Software Engineer Full Stack Software Engineer Discover this Software Engineer job at G-Research in Dallas. You’ll join the Infrastructure Development team, providing tooling to maintain and develop the smooth running of the company’s IaaS platform and allow other software development teams to leverage it to its full potential. Discover this Software Engineer job at G-Research in Dallas. You’ll join the Infrastructure Development team, providing tooling to maintain and develop the smooth running of the company’s IaaS platform and allow other software development teams to leverage it to its full potential. Software Engineer Software Engineer Accelerate your career in tech today via the HackerNoon Job Board Accelerate your career in tech today via the HackerNoon Job Board Accelerate your career in tech today via the HackerNoon Job Board Accelerate your career in tech today via the HackerNoon Job Board By Kirstie McDermott By Kirstie McDermott By Kirstie McDermott

C-Suite Executives From Slack, Asana, Coursera, Chainalysis and DocuSign Talk Equality in Tech

Slack, Asana, Coursera, Chainanalysis এবং DocuSign Talk Equality থেকে C-Suite এক্সিকিউটিভরা

C-Suite-Führungskräfte von Slack, Asana, Coursera, Chainanalysis und DocuSign sprechen über Gleichstellung in der Technik

Ejecutivos de C-Suite de Slack, Asana, Coursera, Chainanalysis y DocuSign hablan sobre igualdad en la tecnología

Les dirigeants de Slack, Asana, Coursera, Chainanalysis et DocuSign parlent d'égalité dans la technologie

स्लैक, आसन, कौरसेरा, चेनएनालिसिस और डॉक्यूसाइन टॉक के सी-सूट अधिकारी टेक में समानता पर बात करते हैं

Slack、Asana、Coursera、Chainanarise、DocuSign の経営幹部がテクノロジーにおける平等について語る

Slack, Asana, Coursera, Chainanalytic 및 DocuSign의 최고 경영진이 기술 분야의 평등에 대해 이야기합니다.

Executivos C-Suite da Slack, Asana, Coursera, Chainanálise e DocuSign falam sobre igualdade em tecnologia

Руководители высшего звена из Slack, Asana, Coursera, Chainanalysis и DocuSign говорят о равенстве в технологиях

Slack, Asana, Coursera, Chainanaliz ve DocuSign Talk'tan C-Suite Yöneticileri Teknolojide Eşitlik

Giám đốc điều hành C-Suite từ Slack, Asana, Coursera, Chainanalysis và DocuSign Talk Bình đẳng trong công nghệ

Slack、Asana、Coursera、Chainanalysis 和 DocuSign 的高管谈论技术领域的平等

Philip Gradwell, Chief Economist at Chainalysis believes that Bitcoin is maturing as an asset. Keep your laser-eyes handy and don't let a little dip phase you -- according it its many avid supporters, 2021 is still the year of Bitcoin. Despite the recent dip, Bitcoin is in recovery at $47,936 at time of writing and looking to cross back over the $50,000 mark. Scott Melker, known as " " said, "The recent (BTC) dip is most likely a minor correction." He pointed out that the 2015 BTC bull run had five price corrections. The Wolf of All Streets We recently interviewed Philip Gradwell, Chief Economist at , a blockchain analysis company that provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance, and cybersecurity companies in over 50 countries. Chainalysis This interview was part of a report on Bitcoin outlook for 2021 and would like to share his responses in total (with some editing for length) here. These responses were last updated on February 11th, so do not refer to any subsequent actions in the crypto market. Philip Gradwell, Chief Economist at Chainalysis Where do you see BTC going in 2021? If recent history has taught me anything it is that an outlook over a year is very difficult! In the short and medium-term I expect price volatility in cryptocurrency. In the short-term, I expect price volatility as liquidity is building upon exchanges as people look to flip assets if the price rises further, and also because people are selling non-Bitcoin assets as they reach high prices. Of course, if there continues to be positive news for crypto, such as more companies buying Bitcoin, like Tesla or Microstrategy, then this is likely to bring in a lot of demand, potentially far in excess of short-term sellers. If this happens, then Bitcoin could maintain and exceed its current record prices. In the medium-term, I expect that new buyers could drive price volatility. They are now a force in the market, with 2.7 million bitcoin held for less than one month, similar to peak levels in 2017. Many have experienced significant USD gains and are starting to realize them, with bitcoin that has been held for less than one month and has made a 25% or more USD gain since being acquired being sent in similar quantities now as in late 2017. Historically this has put pressure on price unless demand is very strong. However, in the longer-term, I do expect demand for cryptocurrencies to remain strong, especially for bitcoin. The pandemic, and the economic policy response of government spending funded by expansionary monetary policy, certainly led to the demand for Bitcoin in 2020, as it is an asset with limited supply and therefore a good inflation hedge. Unfortunately, the economic consequences of the pandemic are likely to be with us for at least the next couple of years. So Bitcoin is likely to perform well in this period. The key question is whether people start to sell Bitcoin as the economy recovers and inflation concerns do not materialize. This is likely unless bitcoin develops a new use case in the meantime. For example, bitcoin could become the highest quality capital to deploy in decentralized finance projects. This is a key value proposition for Bitcoin - gold is not going to develop new cases, while, because bitcoin is a digital asset in a fast-evolving industry, owning bitcoin gives holders an option to benefit from new innovations. So the 2021 prospects for bitcoin depend on the state of the broader economy, while prospects beyond 2021 depend on innovation in digital assets. "Altcoin Season" -- has this happened but not as dramatically? Non-Bitcoin assets have certainly seen strong price performance but the correlation with the bitcoin price has weakened. I think this is because different cryptocurrencies have developed distinct use cases since mid-March, in particular bitcoin, Ethereum, and Tether. Bitcoin and Tether are increasingly used to store value digitally, with bitcoin offering exposure to price volatility and Tether avoiding this. Ethereum on the other hand is actively being used, primarily in DeFi, rather than being held as a passive investment. So people do not just want exposure to crypto now -- whatever crypto it is. Instead, they want to own specific assets for specific reasons. So the success of non-bitcoin assets will depend on their use cases more now than it has in the past. Are HODLers getting carried away? Is the hype justified? HODLers can always be relied on to get carried away. But the . The big difference is the entry of large investors, particularly from mid-March. At that time, the Bitcoin price fell sharply along with broader financial markets, but investors saw this as a moment to buy more Bitcoin. This has meant there is less and less bitcoin available for new buyers to acquire, meaning they have to offer higher prices if they want to purchase. current price performance is different from the past What factors are people NOT paying enough attention to? The fact there is a lot to pay attention to at least suggests that cryptocurrencies are maturing as an asset, as they are now driven by a more complicated set of demands than just speculation. I think the most surprising thing for me in 2020 is that the microstructure of the market proved remarkably resilient. There were fewer exchange outages, and shocks to the system, such as enforcement action against BitMEX or OKEx pausing withdrawals, did not have much impact on the functioning of the market. This gives me hope that there are fewer industry-related risks in crypto than there were before, which makes it easier for new investors to enter. *Cover image by Pete Linforth from Pixabay

Bitcoin in 2021 - Insights from Chainalysis

MIAMI, Florida, November 13th, 2024/Chainwire/--Valhalla, Floki's PlayToEarn Massively Multiplayer Online Role-Playing Game (MMORPG) blockchain game is proud to announce a partnership in the United Arab Emirates (UAE). On Nov. 13, Valhalla unveiled a partnership with Dubai's Mall of the Emirates, marking a milestone in its global outreach efforts. The partnership will see Valhalla’s branding prominently displayed across 93 screens in the mall for a four-week campaign running from November 15 to December 12. Mall of the Emirates, located in the heart of Dubai, is one of the world’s most prestigious shopping destinations. Since opening in 2005, it has become an iconic landmark, attracting millions of visitors each year. The mall sees daily traffic of approximately 111,500 people, making it a prime venue for Valhalla’s campaign to reach a diverse and international audience. The mall’s strategic location on Sheikh Zayed Road, a prime area in Dubai, combined with its diverse visitor base, offers Valhalla an opportunity to engage both local and international audiences. Spanning an area of 255,489 square meters, the multi-level mall boasts over 630 retail outlets, 80 luxury stores, and 250 flagship stores. It also features some of Dubai’s most popular attractions, including the indoor ski resort Ski Dubai, the Magic Planet entertainment center, and VOX Cinemas. The mall’s dining options, with over 100 restaurants and cafés, further enhance its appeal as a top destination for both residents and tourists. The Campaign’s Goal Valhalla is ramping up its presence in the UAE, a key market for crypto adoption. Despite its smaller population, the UAE ranks as the third-largest crypto economy in the MENA region, with $34 billion in crypto transactions recorded between July 2023 and June 2024. This represents an impressive 42% year-on-year growth, far outpacing the MENA average of 11.73%, according to Chainalysis. Dubai’s rapid evolution into a crypto hub has been fueled by initiatives like the Dubai International Financial Centre (DIFC) and Virtual Asset Regulatory Authority (VARA), which offer crypto-friendly regulatory frameworks.This has drawn major players and startups, solidifying Dubai’s status as a global crypto leader. Valhalla’s campaign at Mall of the Emirates aligns perfectly with this momentum. By showcasing its brand in one of Dubai’s busiest and most iconic locations, Floki aims to boost awareness and adoption of its ecosystem. This campaign follows Floki’s recent four-week marketing initiative at WAFI Mall in Dubai, running from November 8 to December 5, where its branding appears across 18 digital screens. Together, these efforts are part of Floki’s larger strategy to dominate the Dubai crypto scene. About Valhalla Valhalla is a blockchain-based MMORPG inspired by Norse mythology, offering players the chance to discover, tame, and battle with creatures called Veras. The game features a player-driven economy and a hexagonal battlefield designed for dynamic combat. Users can learn more at Valhalla.game. About Floki Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Focused on utility, community, philanthropy, and strategic marketing, Floki is working toward becoming the world’s most recognized and used cryptocurrency. With over 490,000 holders globally, Floki has already established a strong brand presence. Users can learn more at floki.com. Website | Youtube | Telegram | Instagram | Tik Tok | Discord | Facebook | Reddit | Twitch | Valhalla Contact Vidal Pedro Floki Marketing@floki.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here MIAMI, Florida, November 13th, 2024/Chainwire/--Valhalla, Floki's PlayToEarn Massively Multiplayer Online Role-Playing Game (MMORPG) blockchain game is proud to announce a partnership in the United Arab Emirates (UAE). On Nov. 13, Valhalla unveiled a partnership with Dubai's Mall of the Emirates, marking a milestone in its global outreach efforts. The partnership will see Valhalla’s branding prominently displayed across 93 screens in the mall for a four-week campaign running from November 15 to December 12. Mall of the Emirates, located in the heart of Dubai, is one of the world’s most prestigious shopping destinations. Since opening in 2005, it has become an iconic landmark, attracting millions of visitors each year. The mall sees daily traffic of approximately 111,500 people, making it a prime venue for Valhalla’s campaign to reach a diverse and international audience. The mall’s strategic location on Sheikh Zayed Road, a prime area in Dubai, combined with its diverse visitor base, offers Valhalla an opportunity to engage both local and international audiences. Spanning an area of 255,489 square meters, the multi-level mall boasts over 630 retail outlets, 80 luxury stores, and 250 flagship stores. It also features some of Dubai’s most popular attractions, including the indoor ski resort Ski Dubai, the Magic Planet entertainment center, and VOX Cinemas. The mall’s dining options, with over 100 restaurants and cafés, further enhance its appeal as a top destination for both residents and tourists. The Campaign’s Goal Valhalla is ramping up its presence in the UAE, a key market for crypto adoption. Despite its smaller population, the UAE ranks as the third-largest crypto economy in the MENA region, with $34 billion in crypto transactions recorded between July 2023 and June 2024. This represents an impressive 42% year-on-year growth, far outpacing the MENA average of 11.73%, according to Chainalysis . according to Chainalysis according to Chainalysis Dubai’s rapid evolution into a crypto hub has been fueled by initiatives like the Dubai International Financial Centre (DIFC) and Virtual Asset Regulatory Authority (VARA), which offer crypto-friendly regulatory frameworks.This has drawn major players and startups, solidifying Dubai’s status as a global crypto leader. Valhalla’s campaign at Mall of the Emirates aligns perfectly with this momentum. By showcasing its brand in one of Dubai’s busiest and most iconic locations, Floki aims to boost awareness and adoption of its ecosystem. This campaign follows Floki’s recent four-week marketing initiative at WAFI Mall in Dubai, running from November 8 to December 5, where its branding appears across 18 digital screens. Together, these efforts are part of Floki’s larger strategy to dominate the Dubai crypto scene. About Valhalla Valhalla is a blockchain-based MMORPG inspired by Norse mythology, offering players the chance to discover, tame, and battle with creatures called Veras. The game features a player-driven economy and a hexagonal battlefield designed for dynamic combat. Users can learn more at Valhalla.game . Valhalla Valhalla Valhalla.game Valhalla.game About Floki Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Focused on utility, community, philanthropy, and strategic marketing, Floki is working toward becoming the world’s most recognized and used cryptocurrency. With over 490,000 holders globally, Floki has already established a strong brand presence. Users can learn more at floki.com . Floki Floki floki.com floki.com Website | Youtube | Telegram | Instagram | Tik Tok | Discord | Facebook | Reddit | Twitch | Valhalla Website Website Youtube Youtube Telegram Telegram Instagram Instagram Tik Tok Tik Tok Discord Discord Facebook Facebook Reddit Reddit Twitch Twitch Valhalla Valhalla Contact Vidal Pedro Floki Marketing@floki.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Floki’s Valhalla Partners With Dubai’s Mall Of The Emirates For Landmark Campaign

Floki-nin Valhalla, Landmark Kampaniyası üçün Dubayın Mall Of The Emirates ilə ortaqdır

ল্যান্ডমার্ক ক্যাম্পেইনের জন্য দুবাইয়ের মল অফ এমিরেটসের সাথে ফ্লোকির ভালহাল্লা অংশীদার

Floki's Valhalla spolupracuje s dubajským nákupním centrem Mall Of The Emirates for Landmark Campaign

Floki’s Valhalla se asocia con el centro comercial Mall of the Emirates de Dubái para una campaña emblemática

フロキのヴァルハラがドバイのエミレーツ・モールと提携して画期的なキャンペーンを展開

ल्यान्डमार्क अभियानको लागि दुबईको मल्ल अफ एमिरेट्ससँग फ्लोकीको भल्हल्ला साझेदारहरू

د فلوکي والهاله د تاریخي کمپاین لپاره د دوبۍ د اماراتو مال سره ملګرتیا کوي

Valhalla da Floki faz parceria com o Mall of the Emirates de Dubai para uma campanha histórica

Floki's Valhalla bashkëpunon me fushatën e Dubait Mall Of The Emirates për të shënuar

Floki's Valhalla бо Mall Of Emirates дар Дубай барои маъракаи муҳим шарикӣ мекунад

Floki’s Valhalla співпрацює з Dubai’s Mall of the Emirates для знакової кампанії

UFloki's Valhalla Partners kunye neDubai Mall ye-Emirates yePhulo eliLandmark

Image Attributed to @LucianoInf Now second only to South Korea as the biggest crypto market in Asia, Hong Kong's future might be one of decentralised ledgers, Bitcoin and Crypto-Currencies. Hong Kong will always hold a special place in my heart. For just shy of two years from 2016 to 2018 I lived and worked in the city, and still today it sits close to the top of the list of my preferred jurisdictions for business incorporation. Hong Kong is, as ever, a great place to do business and with its grit and its tenacity is very much the New York City of East Asia, or at least, it was. Every so often a need arises to clear up some business or banking in the city and so I find myself landing at its world class airport and dining at its world class restaurants with old friends and contacts. People who are close to the action and keyed in to the city's inner workings. Yet, as an infrequent visitor my eyes and ears observe changes not so obvious to those stuck in the daily grind, in the same way the ageing process is invisible from one day to the next, but stark and profound as the years roll by. Hong Kong is struggling to reinvent itself. Before you boomers get all giddy with your 'muh China', hold on. This isn't an article about the Chinese Government, I rather want to lay out my thoughts around Hong Kong itself, as well as the city relative to its immediate region. I don't intend to make the case for Singapore, which, despite being arguably the greatest beneficiary of Hong Kong's headaches, is still a top contender for title of the most boring place in Asia. I intend only to outline the unique challenges and opportunities faced by one of the most magnificent - and least boring - cities in the world. Gateway to the Middle Kingdom Incorporating your business in Hong Kong still makes sense in many cases. Hong Kong is pragmatic, with systems and infrastructure that is well established to facilitate commerce and trade. Structures can be highly tax efficient, and while getting a bank account has become more difficult, once established, the banking services at your disposal are second-to-none. Hong Kong is still a respected jurisdiction globally. Yet for entrepreneurs and companies alike the case for incorporating in Hong Kong has often been as part of an overall strategy to do business in and with the mainland. Because of the prevalence of a legal system and system of governance with its foundations in the British style, foreigners could come to Hong Kong and feel just enough familiarity not to be scurrying back to wherever they came from (and often this meant quite a lot of familiarity was on offer). Recently a contact of mine who does business in the mainland linked me to a new structure in Shanghai for establishing 100% foreign owned companies. While the corporate tax rate on the mainland is higher (25% vs 16.5% in Hong Kong), the fees associated with establishing such an entity are far lower, and skipping Hong Kong to go directly to the supplier or client has the benefit of reduced friction and complexity. There is no obvious remedy to this dilemma for Hong Kong. As companies have become more confident engaging directly with the mainland, the appeal of Hong Kong in this respect has waned. Added to this the fact that Hong Kong itself is too small to be a genuine start-up hub, there exists a need for the city to take a new approach. Economic Woes At the same time as Hong Kong's role as gateway to the mainland has diminished, there has been an ever growing inflow of both capital and people from the mainland. Every year the prevalence of Mandarin on the streets of the city grows, but, in the wake of the pandemic, this growth has been offset by an exodus of both Hong Kongers (primarily to the UK, Canada and Australia) and Western Expats. This population shuffle fundamentally changes the fabric of Hong Kong society, and is a phenomenon seen elsewhere, including for example in Germany. Those leaving Hong Kong are by-and-large wealthier than the average Hong Konger, and with them goes their skills and capital worsening the city's already pessimistic demographic outlook (with a Total Fertility Rate of 0.7 according to the World Bank, Hong Kong's ageing population - an almost worldwide issue - is one of its greatest challenges in the years ahead). Arrivals from the mainland have helped to offset this exodus, but only so much, and with the collapse in the Yen, Tokyo is increasingly attractive to wealthy Chinese looking to diversify themselves both financially and by way of residency. The fact that Hong Kong remains one of the most expensive places in the world only adds fuel to the fire. As the saying goes, one man's (or city's) loss is another's gain, and as already mentioned, Singapore has been effective in attracting capital and businesses included in the exodus. At the same time, countries such as Malaysia with its sizeable Chinese diaspora and corporate structures offering tax rates as low as 3% (via the Labuan incorporation route), are also seeing an uptick in interest from those who might otherwise have stayed in the Fragrant Harbour. While the economy on the mainland has been sluggish, the PBOC has adjusted rates downwards. Hong Kong's peg however has dictated that the Hong Kong Monetary Authority has followed the Fed's increases over the past few years. This has resulted in a policy rate that sits at 5.25% vs 3.10% for the PBOC at the time of writing (5 years ago the PBOC rate stood at 4.31% while the HKMA policy rate was around 1%). While the increase in rates in the USA was implemented to reign in inflation, Hong Kong suffered no such comparable phenomenon - although it did suffer significant capital outflows - and the increase in rates has been in direct contradiction to conventional economic wisdom that may have encouraged a policy of easing rather than tightening over the last few years had it not been for the peg. Crypto In February 2022, with the invasion of Ukraine by Russia marking a dramatic escalation in hostilities, Chinese policy makers and tycoons alike were undoubtedly keenly observing the geopolitical fallout. If not already clear, this event and the close to three years since has demonstrated the closeness of these two civilisational states. However, and perhaps more importantly, it has exposed the extent to which the United States will go to both pursue sanctions and weaponise the financial system that it controls via the greenback. Many, including myself, did not think that Vladimir Vladimirovich Putin would do it, and many others believed that the Russia - which had popularly, and falsely, been described by many in the West as a 'gas station masquerading as a country' (John McCain, 2015) - would quickly crumble under the weight of economic exclusion. As is usually the case, pretty much nothing happened according to consensus. Russia which had been so successful in its quick, practically bloodless annexation of Crimea, did not scare the Ukrainians back to the negotiating table. Conversely, the Russian economy has actually experienced something of an economic boom. However, and the point I want to drive home, from the perspective of those in Asia, it was a test case for what Hong Kong may face in the wake of any escalation in the straits of Taiwan. China's approach to crypto-currencies has been mixed at best. While officially there are bans on crypto, it is no coincidence that Hong Kong, which initially pushed back so hard on this financial innovation, has now seen a dramatic uptick in crypto assets. In a recent report by Chainalysis Hong Kong saw the fastest growth in its region at 86% from July 2023 to June 2024. In light of the situation in Ukraine, it is possible that crypto could be considered a useful tool in mitigating the effects of an economic war, such as that which the West has waged on Russia. At the very least, it does provide an incentive for regulators to look the other way or turn a blind eye. Conclusion With approximately 7.5 million inhabitants, Hong Kong just doesn't have the scale to make it a stand-out start-up hub, and its role as a conduit into the mainland will in all probability be further eroded by the likes of Shanghai and Shenzhen. Nevertheless, its role as a critical financial centre may be reinvigorated by a realignment towards crypto-assets and the newly emerging financial paradigm unfolding before our very eyes. Whether Trump's reelection will inspire a rapprochement and deescalation of the now vivid geopolitical schism calving up the world is yet to be seen. Nevertheless, one thing is abundantly clear, if Hong Kong is to retain its prestige and replicate its past success, things will need to change. Image Attributed to @LucianoInf Image Attributed to @LucianoInf Now second only to South Korea as the biggest crypto market in Asia, Hong Kong's future might be one of decentralised ledgers, Bitcoin and Crypto-Currencies. Now second only to South Korea as the biggest crypto market in Asia, Hong Kong's future might be one of decentralised ledgers, Bitcoin and Crypto-Currencies. Hong Kong will always hold a special place in my heart. For just shy of two years from 2016 to 2018 I lived and worked in the city, and still today it sits close to the top of the list of my preferred jurisdictions for business incorporation. Hong Kong is, as ever, a great place to do business and with its grit and its tenacity is very much the New York City of East Asia, or at least, it was. Every so often a need arises to clear up some business or banking in the city and so I find myself landing at its world class airport and dining at its world class restaurants with old friends and contacts. People who are close to the action and keyed in to the city's inner workings. Yet, as an infrequent visitor my eyes and ears observe changes not so obvious to those stuck in the daily grind, in the same way the ageing process is invisible from one day to the next, but stark and profound as the years roll by. Hong Kong is struggling to reinvent itself. Before you boomers get all giddy with your 'muh China', hold on. This isn't an article about the Chinese Government, I rather want to lay out my thoughts around Hong Kong itself, as well as the city relative to its immediate region. I don't intend to make the case for Singapore, which, despite being arguably the greatest beneficiary of Hong Kong's headaches, is still a top contender for title of the most boring place in Asia. I intend only to outline the unique challenges and opportunities faced by one of the most magnificent - and least boring - cities in the world. Gateway to the Middle Kingdom Incorporating your business in Hong Kong still makes sense in many cases. Hong Kong is pragmatic, with systems and infrastructure that is well established to facilitate commerce and trade. Structures can be highly tax efficient, and while getting a bank account has become more difficult, once established, the banking services at your disposal are second-to-none. Hong Kong is still a respected jurisdiction globally. Yet for entrepreneurs and companies alike the case for incorporating in Hong Kong has often been as part of an overall strategy to do business in and with the mainland. Because of the prevalence of a legal system and system of governance with its foundations in the British style, foreigners could come to Hong Kong and feel just enough familiarity not to be scurrying back to wherever they came from (and often this meant quite a lot of familiarity was on offer). Recently a contact of mine who does business in the mainland linked me to a new structure in Shanghai for establishing 100% foreign owned companies. While the corporate tax rate on the mainland is higher (25% vs 16.5% in Hong Kong), the fees associated with establishing such an entity are far lower, and skipping Hong Kong to go directly to the supplier or client has the benefit of reduced friction and complexity. There is no obvious remedy to this dilemma for Hong Kong. As companies have become more confident engaging directly with the mainland, the appeal of Hong Kong in this respect has waned. Added to this the fact that Hong Kong itself is too small to be a genuine start-up hub, there exists a need for the city to take a new approach. Economic Woes At the same time as Hong Kong's role as gateway to the mainland has diminished, there has been an ever growing inflow of both capital and people from the mainland. Every year the prevalence of Mandarin on the streets of the city grows, but, in the wake of the pandemic, this growth has been offset by an exodus of both Hong Kongers (primarily to the UK, Canada and Australia) and Western Expats. This population shuffle fundamentally changes the fabric of Hong Kong society, and is a phenomenon seen elsewhere, including for example in Germany. Those leaving Hong Kong are by-and-large wealthier than the average Hong Konger, and with them goes their skills and capital worsening the city's already pessimistic demographic outlook (with a Total Fertility Rate of 0.7 according to the World Bank, Hong Kong's ageing population - an almost worldwide issue - is one of its greatest challenges in the years ahead). population shuffle population shuffle Arrivals from the mainland have helped to offset this exodus, but only so much, and with the collapse in the Yen, Tokyo is increasingly attractive to wealthy Chinese looking to diversify themselves both financially and by way of residency. The fact that Hong Kong remains one of the most expensive places in the world only adds fuel to the fire. As the saying goes, one man's (or city's) loss is another's gain , and as already mentioned, Singapore has been effective in attracting capital and businesses included in the exodus. At the same time, countries such as Malaysia with its sizeable Chinese diaspora and corporate structures offering tax rates as low as 3% (via the Labuan incorporation route), are also seeing an uptick in interest from those who might otherwise have stayed in the Fragrant Harbour. one man's (or city's) loss is another's gain While the economy on the mainland has been sluggish, the PBOC has adjusted rates downwards. Hong Kong's peg however has dictated that the Hong Kong Monetary Authority has followed the Fed's increases over the past few years. This has resulted in a policy rate that sits at 5.25% vs 3.10% for the PBOC at the time of writing (5 years ago the PBOC rate stood at 4.31% while the HKMA policy rate was around 1%). While the increase in rates in the USA was implemented to reign in inflation, Hong Kong suffered no such comparable phenomenon - although it did suffer significant capital outflows - and the increase in rates has been in direct contradiction to conventional economic wisdom that may have encouraged a policy of easing rather than tightening over the last few years had it not been for the peg. Crypto In February 2022, with the invasion of Ukraine by Russia marking a dramatic escalation in hostilities, Chinese policy makers and tycoons alike were undoubtedly keenly observing the geopolitical fallout. If not already clear, this event and the close to three years since has demonstrated the closeness of these two civilisational states. However, and perhaps more importantly, it has exposed the extent to which the United States will go to both pursue sanctions and weaponise the financial system that it controls via the greenback. Many, including myself, did not think that Vladimir Vladimirovich Putin would do it, and many others believed that the Russia - which had popularly, and falsely, been described by many in the West as a 'gas station masquerading as a country' (John McCain, 2015) - would quickly crumble under the weight of economic exclusion. As is usually the case, pretty much nothing happened according to consensus. Russia which had been so successful in its quick, practically bloodless annexation of Crimea, did not scare the Ukrainians back to the negotiating table. Conversely, the Russian economy has actually experienced something of an economic boom. However, and the point I want to drive home, from the perspective of those in Asia, it was a test case for what Hong Kong may face in the wake of any escalation in the straits of Taiwan. China's approach to crypto-currencies has been mixed at best. While officially there are bans on crypto, it is no coincidence that Hong Kong, which initially pushed back so hard on this financial innovation, has now seen a dramatic uptick in crypto assets. In a recent report by Chainalysis Hong Kong saw the fastest growth in its region at 86% from July 2023 to June 2024. In light of the situation in Ukraine, it is possible that crypto could be considered a useful tool in mitigating the effects of an economic war, such as that which the West has waged on Russia. At the very least, it does provide an incentive for regulators to look the other way or turn a blind eye. report Conclusion With approximately 7.5 million inhabitants, Hong Kong just doesn't have the scale to make it a stand-out start-up hub, and its role as a conduit into the mainland will in all probability be further eroded by the likes of Shanghai and Shenzhen. Nevertheless, its role as a critical financial centre may be reinvigorated by a realignment towards crypto-assets and the newly emerging financial paradigm unfolding before our very eyes. Whether Trump's reelection will inspire a rapprochement and deescalation of the now vivid geopolitical schism calving up the world is yet to be seen. Nevertheless, one thing is abundantly clear, if Hong Kong is to retain its prestige and replicate its past success, things will need to change.

Hong Kong and the Crypto Boom: Economic Woes, Money Flows and Sanctions

Ramp Network has announced the integration of Mexico's SPEI payment system into its platform, enabling instant cryptocurrency-to-peso conversions for Mexican users. The London-based fintech company's move expands its services in Latin America's growing cryptocurrency market. SPEI (Sistema de Pagos Electrónicos Interbancarios), Mexico's interbank electronic payment system, processes an average of 80.9 million payments monthly. The integration allows users to convert cryptocurrencies to Mexican pesos and receive funds in their local bank accounts within 30 seconds. The development comes as Mexico establishes itself as a significant player in the global cryptocurrency landscape, ranking 16th in Chainalysis' crypto adoption index. Current data shows that 14% of Mexicans own cryptocurrency, while 40% of Mexican companies are exploring blockchain technology integration. The service features a flat 2.9% fee structure, which Ramp Network notes is lower than traditional MXN card fees. The system operates 24/7, including holidays, providing continuous access to crypto-to-peso conversions. Users need only provide their bank's CLABE number (Mexico's equivalent to IBAN), full name, and tax ID for their initial transaction. "We're incredibly proud to enhance our support for Mexican users with the integration of SPEI," said Szymon Sypniewicz, CEO of Ramp Network. "Now, people in Mexico can convert their crypto into fiat in seconds, with lower fees and reduced friction." SPEI's recent growth underscores the timing of this integration. The system set a record in March 2023 with 279.3 million transactions, averaging 6,257 payments per minute, and projects to double its transaction volume by 2027. The integration follows Ramp Network's earlier expansion into Brazil with PIX integration. The company plans to add SPEI support for purchasing cryptocurrencies in the coming weeks, further expanding its services in the region. This development adds to Ramp Network's existing support for over 35 local currencies globally, including the euro, US dollar, and British pound. The service aims to bridge traditional banking with digital assets in Mexico, where cryptocurrency adoption continues to grow, positioning the country as an emerging hub for financial technology innovation in Latin America. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Ramp Network has announced the integration of Mexico's SPEI payment system into its platform, enabling instant cryptocurrency-to-peso conversions for Mexican users. The London-based fintech company's move expands its services in Latin America's growing cryptocurrency market. SPEI (Sistema de Pagos Electrónicos Interbancarios), Mexico's interbank electronic payment system, processes an average of 80.9 million payments monthly. The integration allows users to convert cryptocurrencies to Mexican pesos and receive funds in their local bank accounts within 30 seconds. The development comes as Mexico establishes itself as a significant player in the global cryptocurrency landscape, ranking 16th in Chainalysis' crypto adoption index. Current data shows that 14% of Mexicans own cryptocurrency, while 40% of Mexican companies are exploring blockchain technology integration. The service features a flat 2.9% fee structure, which Ramp Network notes is lower than traditional MXN card fees. The system operates 24/7, including holidays, providing continuous access to crypto-to-peso conversions. Users need only provide their bank's CLABE number (Mexico's equivalent to IBAN), full name, and tax ID for their initial transaction. "We're incredibly proud to enhance our support for Mexican users with the integration of SPEI," said Szymon Sypniewicz, CEO of Ramp Network. "Now, people in Mexico can convert their crypto into fiat in seconds, with lower fees and reduced friction." SPEI's recent growth underscores the timing of this integration. The system set a record in March 2023 with 279.3 million transactions, averaging 6,257 payments per minute, and projects to double its transaction volume by 2027. The integration follows Ramp Network's earlier expansion into Brazil with PIX integration. The company plans to add SPEI support for purchasing cryptocurrencies in the coming weeks, further expanding its services in the region. This development adds to Ramp Network's existing support for over 35 local currencies globally, including the euro, US dollar, and British pound. The service aims to bridge traditional banking with digital assets in Mexico, where cryptocurrency adoption continues to grow, positioning the country as an emerging hub for financial technology innovation in Latin America. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

Ramp Network Integrates Mexico's SPEI for Real-Time Crypto Conversions

Ramp Network integrerer Mexicos SPEI til realtidskryptokonverteringer

Ramp Network integra el SPEI de México para conversiones de criptomonedas en tiempo real

Ramp Network-ek Mexikoko SPEI integratzen du denbora errealeko kripto-bihurketetarako

Ramp Network がメキシコの SPEI を統合し、リアルタイムの暗号変換を実現

Ramp Network აერთიანებს მექსიკის SPEI-ს რეალურ დროში კრიპტო კონვერტაციისთვის

Réseau ya Ramp Esangisaka SPEI ya Mexique mpo na ba Conversions ya Crypto na tango ya solo

Ramp Network integreert Mexicaanse SPEI voor realtime cryptoconversies

Ramp Llika Méxicopa SPEI kaqninta Chiqa pacha Cripto Tikraykunapaq Huñun

ራምፕ ኔትወርክ ንናይ ሜክሲኮ SPEI ንሓቀኛ ግዜ ክሪፕቶ ምቕያር የወሃህድ

Pinagsasama ng Ramp Network ang SPEI ng Mexico para sa Mga Real-Time na Crypto Conversion

Ramp Network, Gerçek Zamanlı Kripto Dönüşümleri için Meksika'nın SPEI'sini Entegre Ediyor

I-Ramp Network Ihlanganisa I-SPEI yase-Mexico Yokuguqulwa Kwe-Crypto Yesikhathi Sangempela

Crypto Trends in 2024: From Tap-to-Earn Games to Blockchain in Education

Many crypto users think the space is completely run by smart contracts powered by hamsters on a wheel in some warehouse. Others think it’s all mysteriously run by a shadowy organization bent on world domination. The reality is that behind that curtain are market makers. While they have nothing to do with a protocol’s contracts, they do their part to keep markets liquid and prices stable. The decentralized universe of Web3 presents opportunities and challenges for market makers. Kairon Labs, a major player in the space, agreed to contribute to this article to demystify some things and separate fact from fiction. Technical Metrics for Evaluating Web3 Asset Liquidity Market makers focus on specific metrics to gauge liquidity: Trading Volume: Indicates market activity and potential liquidity.
Order Book Depth: Helps understand the availability of buy and sell orders at different prices.
Bid-Ask Spread: Measures the difference between buying and selling prices.
Price Volatility: Reflects the extent of price fluctuations.
Slippage: Represents the difference between expected and actual trade prices. These metrics are essential for assessing trade execution ease and ensuring sufficient liquidity. Decentralization's Impact on Market Making Web3's decentralized nature reshapes the environment in which market makers live. They now operate across both centralized and decentralized exchanges. While traditional roles focus on liquidity and price stability, Web3 introduces automated market-making and on-chain liquidity pools. Navigating these environments requires innovative strategies. “While the core role of market makers remains centered on providing liquidity and reducing price volatility, the decentralized nature of Web3 introduces additional layers of complexity. The decentralized aspects of Web3, such as automated market-making and on-chain liquidity pools, require market makers to integrate new strategies and tools. Still, these remain supplementary to the primary focus on centralized exchanges,” said Kairon Labs CEO Mathias Beke. Pivoting on the Fly Blockchain technology advancements profoundly impact market makers' decision-making. For instance, breakthroughs in decentralized finance protocols, gaming, and NFTs can signal potential market volume increases. Market makers leverage these advancements to enhance trading strategies. Challenges of Operating in These Ecosystems Market makers face challenges in the fast-paced Web3 environment. Keeping up with evolving technologies demands constant vigilance. Deciding which innovations to integrate requires careful consideration. Protocol risks, such as vulnerabilities in smart contracts, can jeopardize funds. Balancing innovation with security is crucial. The rep from Kairon Labs stated, “There is always a protocol risk, where badly developed technologies could result in loss of funds. It could be hacks, exploits, or some kind of bad code.” These teams must fully understand the smart contracts they interact with to mitigate those risks. Developing proprietary smart contracts can optimize on-chain operations, liquidity provision, and trading strategies. “UniswapV4's custom Hooks exemplify the increasing importance of smart contract expertise. Any time these teams upgrade to a newer, and hopefully better, version, there’s more risk and more complexity,” added Beke. On Using Data Analytics Tools and Automated Trading Systems Tracking token movements and on-chain analytics provides valuable insights. Tools like Etherscan and Chainalysis help predict market trends and avoid skewed inventories. These insights enhance decision-making and strategy formulation. Automated trading systems are a must-have for any market maker. They enable rapid trade execution, real-time market reaction, and liquidity maintenance across multiple venues. Beke added, “All of these systems and tools are crucial in the Web3 space. They help market makers manage complex trading strategies and reduce manual intervention.” Market Making Is the Epitome of Technical Trading Market makers are the backbone of liquidity and price stability in the rapidly evolving Web3 landscape. Their reliance on technical analysis and a range of key metrics is essential for navigating the complexities introduced by decentralized environments. As they pivot between traditional and innovative strategies, these teams must remain vigilant in adapting to new technologies while balancing security and protocol risks. Advanced data analytics tools and automated trading systems streamline their operations and enhance their ability to respond swiftly to market movements. Ultimately, the successful adaptation to these challenges will determine the continued relevance and effectiveness of market makers in the dynamic crypto realm. Thanks to the Kairon Labs team for their participation. Many crypto users think the space is completely run by smart contracts powered by hamsters on a wheel in some warehouse. Others think it’s all mysteriously run by a shadowy organization bent on world domination. Many crypto users think the space is completely run by smart contracts powered by hamsters on a wheel in some warehouse. Others think it’s all mysteriously run by a shadowy organization bent on world domination. The reality is that behind that curtain are market makers. While they have nothing to do with a protocol’s contracts, they do their part to keep markets liquid and prices stable. The decentralized universe of Web3 presents opportunities and challenges for market makers. Kairon Labs, a major player in the space, agreed to contribute to this article to demystify some things and separate fact from fiction. Technical Metrics for Evaluating Web3 Asset Liquidity Market makers focus on specific metrics to gauge liquidity: Trading Volume: Indicates market activity and potential liquidity. Order Book Depth: Helps understand the availability of buy and sell orders at different prices. Bid-Ask Spread: Measures the difference between buying and selling prices. Price Volatility: Reflects the extent of price fluctuations. Slippage: Represents the difference between expected and actual trade prices. Trading Volume: Indicates market activity and potential liquidity. Order Book Depth: Helps understand the availability of buy and sell orders at different prices. Bid-Ask Spread: Measures the difference between buying and selling prices. Price Volatility: Reflects the extent of price fluctuations. Slippage: Represents the difference between expected and actual trade prices. These metrics are essential for assessing trade execution ease and ensuring sufficient liquidity. Decentralization's Impact on Market Making Web3's decentralized nature reshapes the environment in which market makers live. They now operate across both centralized and decentralized exchanges . While traditional roles focus on liquidity and price stability, Web3 introduces automated market-making and on-chain liquidity pools. Navigating these environments requires innovative strategies. decentralized exchanges decentralized exchanges “While the core role of market makers remains centered on providing liquidity and reducing price volatility, the decentralized nature of Web3 introduces additional layers of complexity. The decentralized aspects of Web3, such as automated market-making and on-chain liquidity pools, require market makers to integrate new strategies and tools. Still, these remain supplementary to the primary focus on centralized exchanges,” said Kairon Labs CEO Mathias Beke. Pivoting on the Fly Blockchain technology advancements profoundly impact market makers' decision-making. For instance, breakthroughs in decentralized finance protocols, gaming, and NFTs can signal potential market volume increases. Market makers leverage these advancements to enhance trading strategies. Challenges of Operating in These Ecosystems Market makers face challenges in the fast-paced Web3 environment. Keeping up with evolving technologies demands constant vigilance. Deciding which innovations to integrate requires careful consideration. Protocol risks, such as vulnerabilities in smart contracts , can jeopardize funds. Balancing innovation with security is crucial. such as vulnerabilities in smart contracts such as vulnerabilities in smart contracts The rep from Kairon Labs stated, “There is always a protocol risk, where badly developed technologies could result in loss of funds. It could be hacks, exploits, or some kind of bad code.” These teams must fully understand the smart contracts they interact with to mitigate those risks. Developing proprietary smart contracts can optimize on-chain operations, liquidity provision, and trading strategies. “UniswapV4's custom Hooks exemplify the increasing importance of smart contract expertise. Any time these teams upgrade to a newer, and hopefully better, version, there’s more risk and more complexity,” added Beke. “UniswapV4's custom Hooks exemplify the increasing importance of smart contract expertise. Any time these teams upgrade to a newer, and hopefully better, version, there’s more risk and more complexity,” On Using Data Analytics Tools and Automated Trading Systems Tracking token movements and on-chain analytics provides valuable insights. Tools like Etherscan and Chainalysis help predict market trends and avoid skewed inventories. These insights enhance decision-making and strategy formulation. Automated trading systems are a must-have for any market maker. They enable rapid trade execution, real-time market reaction, and liquidity maintenance across multiple venues. Beke added, “All of these systems and tools are crucial in the Web3 space. They help market makers manage complex trading strategies and reduce manual intervention.” Market Making Is the Epitome of Technical Trading Market makers are the backbone of liquidity and price stability in the rapidly evolving Web3 landscape. Their reliance on technical analysis and a range of key metrics is essential for navigating the complexities introduced by decentralized environments. As they pivot between traditional and innovative strategies, these teams must remain vigilant in adapting to new technologies while balancing security and protocol risks. Advanced data analytics tools and automated trading systems streamline their operations and enhance their ability to respond swiftly to market movements. Ultimately, the successful adaptation to these challenges will determine the continued relevance and effectiveness of market makers in the dynamic crypto realm. Thanks to the Kairon Labs team for their participation.

How Market Makers Navigating the Web3 Landscape With Technical Precision

Institutional Investment: Why Do Companies Invest Millions in Crypto?

İnstitusional İnvestisiya: Şirkətlər niyə kriptovalyutaya milyonlarla investisiya qoyurlar?

Inversión institucional: ¿Por qué las empresas invierten millones en criptomonedas?

Investimento institucional: por que as empresas invisten millóns en cripto?

השקעות מוסדיות: מדוע חברות משקיעות מיליונים בקריפטו?

Envestisman enstitisyonèl: Poukisa konpayi yo envesti dè milyon nan Crypto?

Investimenti istituzionali: perché le aziende investono milioni in criptovalute?

機関投資：なぜ企業は暗号通貨に数百万ドルを投資するのか？

Institutionele beleggingen: waarom investeren bedrijven miljoenen in crypto?

Uwekezaji wa Kitaasisi: Kwa nini Makampuni Huwekeza Mamilioni katika Crypto?

Institusional maýa goýumlary: Näme üçin kompaniýalar kripto üçin millionlarça maýa goýýarlar?

Kurumsal Yatırım: Şirketler Neden Kriptoya Milyonlarca Dolar Yatırım Yapıyor?

Đầu tư của tổ chức: Tại sao các công ty đầu tư hàng triệu đô la vào tiền điện tử?

13 Cybercrime Facts That Will Give You Chills

13 факта за киберпрестъпността, които ще ви побият тръпки

13টি সাইবার অপরাধের তথ্য যা আপনাকে শান্ত করবে

13 hechos sobre delitos cibernéticos que te pondrán los pelos de punta

Hotzikara emango dizuten ziberkrimenaren 13 gertakari

ゾッとするサイバー犯罪の13の事実

13 ការពិតអំពីឧក្រិដ្ឋកម្មតាមអ៊ីនធឺណិតដែលនឹងផ្តល់ឱ្យអ្នកនូវភាពត្រជាក់

Stories, News & Mentions about CHAINALYSIS

Chainalysis’s Stories on HackerNoon

Chainalysis's News & Mentions