Ethereum

Equity

Passage

Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. 
In today’s edition: Beijing-Run CBEX Denies Links to Same-Named Crypto Firm Bracket Labs Integrates Passage on BNB Chain Following $2M Pre-Seed from Binance Labs Wirex Partners with Gateway.fm to Scale Its ZK-powered WPay Network 
__________ 
<h2 id="beijing-run-cbex-denies-links-to-same-named-crypto-firm">Beijing-Run CBEX Denies Links to Same-Named Crypto Firm</h2> 
 In today’s crypto news rounds, a government-run equity exchange, China Beijing Equity Exchange (CBEX), publicly stated that it has no links to the overseas crypto company CBEX Group, which shares its abbreviated English name, <a href="https://www.scmp.com/tech/tech-trends/article/3250461/no-bitcoin-beijing-equity-exchange-cbex-denies-links-crypto-firm-same-name">according</a> to the South China Morning Post. 
The China Beijing Equity Exchange is a bourse run by the municipal government of Beijing for trading stakes in state-owned enterprises. 
In a recent statement, it clarified that it has no connection to CBEX Group, which runs crypto-related business. 
Also, it said it has never carried out any trading activity related to any virtual assets. 
Furthermore, the company noted it owns all rights to the CBEX trademark in China. It warned that it would take action against any organization or individual illegally using the name. 
“It is not clear what prompted the strongly-worded clarification,” the report noted. However, <a href="https://cryptonews.com/news/beijing-censors-crypto-mining-activities-to-strengthen-energy-conservation.htm">China</a> is well-known for its ban on crypto-related activities. 
<h2 id="bracket-labs-integrates-passages-on-bnb-chain-following-2m-pre-seed-from-binance-labs">Bracket Labs Integrates Passages on BNB Chain Following $2M Pre-Seed from Binance Labs</h2> 
 <a href="https://cryptonews.com/news/fallout-from-falsely-confirmed-approval-of-spot-btc-etfs-more-crypto-news.htm">Bracket Labs</a> announced the integration of its trading product, Passage, with <a href="https://cryptonews.com/news/bnb-chains-new-roadmap-prioritizes-blockchain-adoption-web2-and-ai-support.htm">BNB Chain</a>. With this, it said, it’s “expanding Bracket’s simple, one-click trading platform to the most active trading blockchain in Decentralized Finance.” 
The integration comes on the heels of a $2 million investment led by <a href="https://cryptonews.com/news/binance-labs-claims-to-be-unaware-of-leading-15m-skyark-chronicles-fundraise.htm">Binance Labs</a> in January 2024. BracketX will incorporate infrastructure from BNB Chain, including BNB Greenfield, for optimal decentralized storage, it said. 
<a href="https://markets.businessinsider.com/news/currencies/bracket-labs-expands-cross-chain-to-deliver-volatility-trading-product-passage-to-bnb-chain-s-1-million-users-1033017525">Per</a> the press release, Passage is Bracket Labs’ flagship product, designed to simplify on-chain volatility trading. “Passage delivers an all-new volatility model for any market condition, enabling traders to navigate volatility and trade based on sideways or trending markets without a bias for price direction.” 
Bracket aims to take advantage of the nature of the crypto markets. It innovates on traditional financial instruments and “delivers a leveraged trading product for volatility that is ideal in both sideways and trending markets,” the announcement said. 
It has more than $3.2 billion in total value locked and 1 million daily active users on BNB Chain. Hence, it said, Bracket Labs will have access to increased liquidity for faster transactions and improved pricing. 
“We have worked closely with Binance Labs and BNB Chain for nearly a year to reach this point and we’re excited to finally debut our product,” said Pelli Wang, Co-Founder and COO of Bracket Labs. “Our launch on BNB Chain opens up a myriad of opportunities due to their active trading volume and liquidity. We expect many more partnerships in the future.” 
Mehmet Buyu, BNB Chain’s Global Business Development Manager, commented that “tackling the problem of volatility or options trading is not easy, but Bracket Labs team has worked really hard to distill a complex topic into something that is fun and easy to use.” 
Bracket Labs also expects to expand its derivatives trading products to include assets traded primarily on BNB Chain, including <a href="https://cryptonews.com/news/pancakeswap-community-proposes-cake-token-total-supply-reduction-to-450-million.htm">Pancake</a> (CAKE). 
Furthermore, it plans partnerships with major wallet providers, DEXs, perpetuals, and liquid staking projects to grow its ecosystem, focusing on the international market. 
<h2 id="wirex-partners-with-gateway-fm-to-scale-its-zk-powered-wpay-network">Wirex Partners with Gateway.fm to Scale Its ZK-powered WPay Network</h2> 
 Making the crypto news rounds today, digital payment platform <a href="https://cryptonews.com/news/wirex-unveils-zero-knowledge-proof-based-non-custodial-crypto-debit-card-service.htm">Wirex</a> announced a strategic collaboration with Gateway.fm, a global multi-chain architecture decentralized blockchain infrastructure node provider. 
<a href="https://www.prnewswire.co.uk/news-releases/wirex-announced-a-partnership-with-gatewayfm-to-scale-its-zk-powered-wpay-network-302052289.html">According</a> to the press release, this partnership is set to improve the scalability and efficiency of Wirex’s recently launched WPay Decentralised Payment Network. 
By teaming up with Gateway.fm and utilizing its PaaS, Presto, Wirex wants to scale its Zero-Knowledge (ZK)-powered WPay platform. 
The implementation of Gateway.fm’s Presto is expected to enhance the network’s transaction throughput, decrease strain on the <a href="https://cryptonews.com/news/spot-ether-etf-approval-critera-what-you-need-to-know.htm">Ethereum</a> mainnet, enable faster transaction processing, reduce costs, and increase network capacity, while maintaining security. 
“It’s a practical step towards making decentralised payments more seamless and efficient for everyone involved,” the announcement said.

Beijing-Run CBEX Denies Links to Same-Named Crypto Firm + More Crypto News

목차

Cryptonews.com

2024년 2월 5일에 게재된 다른 기사

👾 Introducing NEOPIN Discord Wallet Verification Bot 🤖

Bitcoin Surpasses $43,500 as US Markets React to Chinese Stock Turmoil

Bitcoin Price Will Skyrocket To $280,000 Next Year: Hedge Fund Manager

Celestia Early Backers Move from Ethereum Classic to DeeStream (DST) Presale

Ripple to expand payment services in the United States

NYT Journalist Called Out for ‘One-Sided’ Bitcoin Mining Hit Piece

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!