Fintech PR

Bitcoin Minetrix Cloud Mining Pioneer Sees ICO Power Past $10 Million

Published

10 months ago

February 1, 2024

bitcoin-minetrix-cloud-mining-pioneer-sees-ico-power-past-$10-million

NEW YORK, Feb. 1, 2024 /PRNewswire/ — Tokenized cloud-mining innovator Bitcoin Minetrix ($BTCMTX) has raised more than $10 million from contributors.

The fundraising run rate for the Bitcoin Minetrix ICO is accelerating as the crypto community warms to its unique selling point. Bitcoin Minetrix plans to take cloud mining into the tokenization sphere, bringing greater efficiency to the industry, as well as eliminating the fraudsters.

Currently priced at $0.0132 in Stage 23 of its presale, Bitcoin Minetrix is the only product coming to market that enables participants to access a claim to bitcoin mining revenue, as a utility function of owning the $BTCMTX token. In this way, token holders will also be able to enjoy the passive income that comes from mining bitcoin.

With less than four days to go before the presale price of the $BTCMTX token rises to $0.0133, there is no time to lose. However, if the target for the current stage of $10,928,040 is reached before then, the offer price will roll over to the next stage before the four days elapse.

Because Bitcoin Minetrix’s business model is based on its connection to the bitcoin mining ecosystem, it makes it a particularly attractive candidate to be among the first crypto killer apps that scale.

https://x.com/bitcoinminetrix/status/1753025507472314613

Bitcoin Minetrix is part of the new wave of killer apps that crypto desperately needs

Recent volatile moves in the bitcoin price highlight, if it were needed, the relative immaturity of the market and its highly speculative nature.

What the crypto industry needs is products that create value through being genuinely useful. Arguably, Bitcoin Minetrix does just that by opening up bitcoin mining opportunities to ordinary consumers interested in gaining exposure to a network that could be the future of money.

With applications such as Bitcoin Minetrix making a pitch to be among the first decentralized applications to gain significant traction, it is exactly what the market needs to move from speculative immaturity to a value-oriented industry delivering products that people want to use.

Here’s how Bitcoin by Minetrix makes bitcoin cloud mining more accessible and efficient

Bitcoin Minetrix’s advantages over buying mining rigs and trying to set up a business by yourself are obvious in terms of the far lower upfront capital outlay involved in cloud mining.

There’s also no need to worry about getting to grips with the complicated intricacies of the bitcoin protocol.

Running on Ethereum, Bitcoin Minetrix rewards those who deposit the native $BTCMTX token with cloud-mining credits. Each participant in the network can access a percentage of the mining revenue based on the share of cloud-mining credits. The cloud-mining credits are exchangeable for cloud-mining power.

As a tokenized system it means cloud mining with Bitcoin Minetrix becomes a pay-as-you-go system. It will also have the upside of squeezing out the fraudsters.

No longer will the customers of cloud miners need to hand over their hard cash for a cloud mining contract written in opaque language deliberately designed to obfuscate.

By contrast, Bitcoin Minetrix is fraud-resistant because all transactions are on-chain. $BTCMTX is the ideal market fit for smart contract technology, designed as it is to automate through code the business logic underpinning products and services.

The system’s paramount smart contract handles all of the cloud credits and allocations to mining as well as the time period over which mining is to take place, all set by the user using a bespoke dashboard.

Bitcoin Minetrix strengthens the Bitcoin network because of its transparency and efficiency

Transparency and efficiency combine to deliver an easy-to-use product that threatens to unleash revolutionary change in the cloud mining space.

A byproduct of this near-frictionless route into mining bitcoin is the way in which it can help to grow the hash power (computing resource) of the network, making it even more secure and decentralized.

At the start of Bitcoin’s mission to transform the world of money, it was once possible to mine the digital currency on a laptop, but those days are long gone. However, with Bitcoin Minetrix there is a new opening for the little guy.

As you would expect, the largest allocation of the funds will go directly into the mining operations – 42.5% of the $BTCMTX tokens.

Marketing efforts to ensure that the project gains traction will take up 35% of the token allocation.

Stay up to date with all the Bitcoin Minetrix presale news and product developments on the Telegram channel, Discord server, and X (Twitter).

Bitcoin Minetrix’s tokenized bitcoin cloud mining is a business model that has a lot going for it, and little competition to speak of.

A first-mover advantage is a powerful selling point in and of itself. After raising more than $10 million, and with more to come, the team has the resources to realize a vision that could shake up bitcoin mining.

Photo – https://mma.prnewswire.com/media/2332415/Bitcoin_Minetrix.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bitcoin-minetrix-cloud-mining-pioneer-sees-ico-power-past-10-million-302051046.html

Fintech PR

Fintica AI and Legend Arb of Hong Kong Announce Strategic Investment and Partnership

Published

2 hours ago

November 28, 2024

CISION (PR Newswire)

HONG KONG, Nov. 27, 2024 /PRNewswire/ — Fintica AI Ltd, a leading innovator in next-generation AI solutions for capital markets, and Legend Arb Trading Limited, a Hong Kong-based proprietary trading firm with a global footprint across major financial hubs such as Shanghai, Taiwan, and Singapore, have announced a strategic investment and partnership.

Through this collaboration, Legend Arb has made a strategic investment in Fintica AI, strengthening the partnership between the two companies. This alliance will empower Legend Arb to advance its quantitative trading capabilities by harnessing Fintica AI’s unique unsupervised artificial intelligence technology. The partnership also aims to launch innovative new products and solutions. Simultaneously, Fintica AI will expand its business development efforts and market presence in Hong Kong and the Greater China region.

Kace Lam, Chief Executive Officer of Legend Arb, stated:
“Legend Arb is excited to collaborate with Fintica AI and its world-class AI technology team, known for pioneering advancements in quantitative modeling for financial markets. By combining Fintica AI’s deep academic and R&D expertise with our robust trading experience, we are poised to unlock significant value and drive innovation in quantitative trading strategies.”

Philippe Metoudi, Chief Executive Officer of Fintica AI, remarked:
“This partnership with Legend Arb represents a significant step forward in our mission to revolutionize the financial markets with advanced AI solutions. By joining forces, we can harness our respective strengths, explore the untapped potential of Hong Kong and Greater China’s financial sector, and deliver transformative innovations that shape the future of quantitative investment.”

About Fintica AI Ltd:
Fintica AI is a leading fintech company specializing in advanced AI solutions for capital markets. Its flagship platform, Spectrum MRI, delivers state-of-the-art tools for identifying market regimes across asset classes, including equities, fixed income, and commodities. By offering predictive analytics and robust risk-management capabilities, Fintica AI empowers investment managers, quantitative analysts, and strategic allocation teams with cutting-edge decision support tools. Headquartered in Tel Aviv, the company maintains a strong presence in major global financial hubs, driving innovation and excellence in the financial industry.

About Legend Arb Trading Limited:
Legend Arb is a Hong Kong-based proprietary trading company with a global presence in major financial centers like Shanghai, Taiwan, and Singapore. Specialized in pricing of Chinese-related products, equity index futures, and commodities futures, Legend Arb acts as a committed market maker to provide liquidity for HKEX and SGX.

For further information:
Visit www.fintica-ai.com
email [email protected].

View original content:https://www.prnewswire.co.uk/news-releases/fintica-ai-and-legend-arb-of-hong-kong-announce-strategic-investment-and-partnership-302317533.html

Fintech PR

24 Exchange Receives SEC Approval of its New National Securities Exchange, “24X National Exchange”

Published

5 hours ago

November 27, 2024

CISION (PR Newswire)

24X National Exchange Plans to be the First Exchange to Offer U.S. Equities Trading 23 Hours-Per-Day on Weekdays

STAMFORD, Conn., Nov. 27, 2024 /PRNewswire/ — 24 Exchange announced today that it has received approval from the U.S. Securities and Exchange Commission to operate 24X National Exchange as the first national securities exchange in the U.S. that allows trading of U.S. securities 23 hours each workday. The extended hour trading is subject to Equity Data Plans making changes that would facilitate overnight trading hours and 24X National Exchange making an additional rule filing with the SEC confirming the changes and the Exchange’s ability to comply with the Securities Exchange Act.

24X National Exchange will be subject to the SEC’s ongoing regulatory oversight and full range of investor protections. The new Exchange will enable retail and institutional customers anywhere in the world to trade in U.S. equities via broker-dealers who are approved members of 24X National Exchange.

24X National Exchange will be launched in two stages. A first stage will open in the second half of 2025, with the Exchange operating from 4:00AM ET to 7:00PM ET on weekdays. The second stage, which will launch once the conditions noted above are met, will offer trading in U.S. equities from 8:00PM ET on Sunday through 7:00PM ET on Friday. A one-hour operational pause will occur during each trading day to accommodate routine software upgrades and functionality testing.

24 Exchange CEO and Founder Dmitri Galinov said: “The SEC’s approval of our new exchange is a thrilling development that the 24X Team has been working toward for many years. Traders are most at-risk when the market is closed in their geographic location. 24X National Exchange will seek to alleviate this problem by facilitating around-the-clock U.S. equities trading for broker-dealers and their institutional and retail customers.”

As the first national securities exchange approved by the SEC to operate 23 hours each weekday, subject to the conditions noted above, 24X National Exchange will initially focus on capturing the expanding demand in the APAC region for overnight liquidity in U.S. equities.

The 24X National Exchange will run on a proven, state-of-the-art technology platform provided by MEMX Technologies. The new Exchange’s executive team will place a high priority on enhancing client experience through continuous technology innovations and improvements.

“With this historic SEC approval in place, we will build and operate a customer-driven Exchange that can rapidly align with market demands and adapt quickly to client feedback,” Galinov added. “We look forward to bringing a superior trading experience to global customers. 24X National Exchange will deliver the cost efficiency, speed, resilience, and adaptability that the company’s financial institutional customers have long come to expect.”

24X National Exchange will close on U.S. market holidays, similar to the schedules maintained by the NYSE and Nasdaq.

24 Exchange through 24X Bermuda Limited, an affiliate of 24X National Exchange, will continue to offer FX NDFs, Swaps and Spot trading to institutional clients. Since its launch in 2019, 24 Exchange’s multi-asset offering through a single trading interface has enabled clients to access increased liquidity at lower cost.

About 24 Exchange

24 Exchange allows market participants to seamlessly exchange their exposures at the lowest possible cost. 24 Exchange’s mission is to enable members to initiate the most cost-effective trades across a growing range of asset classes, 24 hours a day. 24 Exchange lowers the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. More information is available at https://24exchange.com/.

Media Contact:
Eric Andrus, KARV
[email protected]
Phone: +1 (212) 333-0275

View original content:https://www.prnewswire.co.uk/news-releases/24-exchange-receives-sec-approval-of-its-new-national-securities-exchange-24x-national-exchange-302317888.html

Fintech PR

HPOS10I Lands on ByVotes to Get Community Backing for Bybit Listing

Published

8 hours ago

November 27, 2024

CISION (PR Newswire)

hpos10i-lands-on-byvotes-to-get-community-backing-for-bybit-listing

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, unveiled a new candidate for a potential Bybit Spot listing via ByVotes, HPOS10I (HarryPotterObamaSonic10Inu). Voting is now open for Bybit users with an opportunity to divide a prize pool of 1,800,000 HPOS10I.

From now to Nov. 29, 8AM UTC, supporters of HPOS10I may cast their votes for the project in two simple steps: deposit eligible assets into their Bybit account to produce a holdings snapshot, and head over to ByVotes to cast their votes. With sufficient votes from the community, the project will be listed on Bybit Spot, and the voters will receive a share of the airdrop from HPOS10I.

The iconic memecoin was the first of its kind to fuse the realm of fantasy and the chaotic lure of crypto, leaving its mark in crypto history since its launch in May 2023. It is known for its vibrant community, the Sproto Gremlins, an NFT collection of 3,333 exclusive unique manifestations of HPOS10I’s egregore.

Bybit has recently revamped ByVotes to raise the bar for listing requirements and yield more power to the community. Users now have more control over the number of votes they get by increasing holdings or by referrals, while unlocking more earning potentials from project listings.

The new mechanism enhanced both project quality and community engagements. A variety of tokens have achieved 100% listing odds via ByVotes, including CHILLGUY, LUCE, and NEIROCTO, among others. Multiple projects featured exclusive airdrops for the community that helped them become listed on Bybit Spot.

ByVotes provides an arena for niche projects where participants stand to be rewarded from various prize pools if the projects they vote for succeed in getting listed status on Bybit Spot: ByVotes Spot.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press

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For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media