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Coinbase top officials made $1.2 billion from COIN shares sale: WSJ

Coinbase, the biggest cryptocurrency exchange in the United States, has seen its COIN shares peak in price in 2021, but since the start of...

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Singapore-based FinTechs, TechCreate and Diginius, to Merge and Combine Together into an Integrated Fintech Enterprise, TechCreate Group; Focus on Powering the Future of Payments...

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Singapore, Apr 19, 2022 - (ACN Newswire) - TechCreate Solutions Private Limited ("TechCreate"), a Singapore-based technology services group specialising in innovative digital payment and digitalisation solutions, and Diginius Pte. Ltd. ("Diginius"), a provider for IT security and infrastructure solutions, are pleased to announce a merger between both companies via a share swap transaction that will value the enlarged fintech enterprise, TechCreate Group, at USD$30 million, based on a valuation that was recently completed by one of the Big 4 accounting firms.

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From left: Mr Lim Heng Hai, (Group CEO of TechCreate Group) and Mr Ronald Vong, (Managing Partner of TechCreate Group)

As a trusted leader in digital solutions, TechCreate has been at the forefront of technology innovation and since its establishment, it has developed its own proprietary Real-Time Payment Engine (RTE) that can further enhance the payment capabilities of financial and banking institutions. Leveraging its technological expertise, legal experience and extensive operational track record, TechCreate has successfully enabled end-to-end digital solutions (such as payment gateways, API gateways and blockchain solutions, among others) for several banking and financial institutions in Asia.

With Diginius' strengths in intelligence and security for concrete cyber resilience, it has built a growing track record with a focus on delivering technology solutions related to cyber security, hyper-converged IT infrastructure and secure application services. Diginius also works with some of the industry's indisputable experts in cyber security and secured infrastructure services, combined with market-leading technologies to provide a springboard for the next phase of digital transformation.

The current CEO of TechCreate, Mr Lim Heng Hai, will be appointed as the Group CEO of TechCreate Group, while the current CEO of Diginius, Mr Ronald Vong, will be designated as the Managing Partner of TechCreate Group.

Strategic Rationale - Powering the Future of Payments in Asia

According to a Mckinsey report issued on November 2020, Asia has outpaced all other regions in terms of payments-revenue growth over the past several years. The region is also the largest contributor to global payments revenue, generating over US$900 billion in 2019, nearly half the global total. The Asia's payments industry is expected to return to mid-to-high single-digit growth rates and, by 2022 or 2023, generating more than US$1 trillion in annual revenue.

Notably, the COVID-19 pandemic has accelerated Asia's payments megatrends and chief among these was the rapidly expanding number of connected and digitally active consumers, with booming e-commerce markets reinforcing the need for digital solutions. The competitive landscape was simultaneously heating up, with the entry of formidable new players--including telecommunications firms, fintechs, "big techs," and other conglomerates--spurring incumbents to step up their own innovation efforts.

Meanwhile, regulators sought to standardise infrastructure while encouraging competition, fostering the introduction of real-time payments, digital know your customer (KYC), and various local payment schemes.

With a focus on powering the future of payments in Asia, TechCreate Group aims to provide cutting-edge innovation and technology capability to enhance value creation for its customers as follows:

- Expanded business scale with integrated solutions: Having the capabilities to provide more comprehensive and integrated technology solutions related to payment and digitalisation platforms to serve new and existing customers across Asia.

- Strong potential to create new customer value propositions: Ability to broaden its reach and serve diverse customer segments with differentiated requirements and objectives, thereby creating the opportunity and potential to develop proprietary insights and innovative solutions that are aligned with the new trends of payments and digitalisation in Asia.

Commenting on the merger, Mr Lim Heng Hai, Group CEO of TechCreate Group, said, "This is a transformational transaction for both companies, creating an enlarged company with end-to-end digital payment offerings in high-growth verticals as economies in Asia accelerate their digitisation roadmap.

With our combined capabilities, it amplifies our mission be a leading innovative, customer-centric and eco-friendly technology solution provider in Asia."

Mr Ronald Vong, Managing Partner of TechCreate Group, added, "We are confident that the strengths of the combined company will enable meaningful growth to stakeholders, delivering new value and insights to better serve our markets and customers.

At the same time, it can accelerate our growth and more effectively capitalise on our pipeline and broader market opportunities within the banking and financial industries in Asia."

For more information on TechCreate Group, please visit: http://www.techcreate.com.sg/

Issued on behalf of TechCreate Group by 8PR Asia Pte Ltd.

Media Contact:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comTechCreate Solutions Private Limited and Diginius Pte. Ltd. are pleased to announce a merger between both companies via a share swap transaction that will value the enlarged fintech enterprise, TechCreate Group, at USD$30 million.

Quant Explains How Bitcoin Funding Rate Predicted The Latest Top

quant-explains-how-bitcoin-funding-rate-predicted-the-latest-top

A quant has explained how the Bitcoin funding rate (72 hour) may be able to correctly signal tops and bottoms in the price of the crypto. Bitcoin Funding Rate May Be Able To Indicate Tops And Bottoms In The Market As explained by an analyst in a CryptoQuant post, the 72-hour version of the funding…

The post Quant Explains How Bitcoin Funding Rate Predicted The Latest Top appeared first on Bitcoin News Miner.

YouHodler Lists ApeCoin (APE) With Limited-Time 30% Interest Rate

LAUSANNE, SWITZERLAND, Apr 5, 2022 - (ACN Newswire) - Swiss financial intermediary and FinTech platform YOUHODLER announce the listing of the popular ApeCoin (APE) to the platform. As of today, all clients can buy, exchange, trade, lend, and earn APE. Furthermore, YouHodler is offering a limited-time savings account interest rate of 30% APR for all APE deposits. These rates are available until April 30th. After that date, the interest rates will decrease to 3% APR plus compound.

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What is ApeCoin (APE)?

ApeCoin (APE) is the native governance token that powers the APE ecosystem. The APE ecosystem includes two of the most popular NFT communities, the Bored Ape Yacht Club (BAYC) and the Mutant Ape Yacht Club (MAYC).

APE is an ERC-20 utility token that aims to incentivize the decentralized community. Furthermore, ApeCoin holders are said to govern themselves and the community with the help of the ApeCoin DAO - a decentralized autonomous organization. In the DAO, ApeCoin holders can vote on the evolution of the ApeCoin ecosystem and how it should be used.

Yuga Labs, the brains behind ApeCoin, say that APE utility will soon include using it for in-game purchases, merchandise, services, and events in the metaverse and ApeCoin ecosystem. Due to the popularity of BAYC and MAYC, ApeCoin has a volatile introduction to the world. For those looking to activate their crypto portfolio and play with this volatility, visit YouHodler today.

About ApeCoin

The APE Foundation is the steward of ApeCoin. It is not an overseer, but the base layer on which ApeCoin holders in the ApeCoin DAO can build.

The Foundation facilitates decentralized and community-led governance and is designed to become more decentralized over time. It is tasked with administering the decisions of the ApeCoin DAO and is responsible for day-to-day administration, bookkeeping, project management, and other tasks that ensure the DAO community's ideas have the support they need to become a reality.

The goal of the APE Foundation is to steward the growth and development of the APE ecosystem in a fair and inclusive way. It utilizes the Ecosystem Fund, which is controlled by a multi-sig wallet, to pay its expenses as directed by the ApeCoin DAO and provides an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.

About YouHodler

YouHodler FinTech platform is focused on crypto-backed lending with fiat (USD, EUR, CHF, GBP), crypto and stablecoin loans (USDT, USDC, TUSD, PAX, PAXG, DAI, HUSD), crypto/fiat, and crypto/crypto conversions The platform supports BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, REP, and other popular cryptocurrencies and tokens. User's digital assets are safely guarded with Ledger Vault's advanced custody and Fireblocks security options.

To learn more about YouHodler Switzerland visit youhodler-swiss.com

Community and Social Media
Twitter: https://twitter.com/youhodler
Telegram: https://t.me/youhodler_official
LinkedIn: https://www.linkedin.com/company/youhodler/
YouTube: https://www.youtube.com/channel/UC-Kxvqm8Q-l_WGxQL0VpEEQ

Contact Details:
Brand: YouHodler
Vaida Saltenyte, Head of Partnerships
vaida@youhodler.com
Website: https://www.youhodler.com/

SOURCE: YouHodler



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

Data Shows Bitcoin Investors Afraid To Take Risk As Leverage Remains Low

data-shows-bitcoin-investors-afraid-to-take-risk-as-leverage-remains-low

On-chain data shows Bitcoin investors have been afraid to take risk recently as the leverage ratio has remained low in the last few days. Bitcoin Leverage Ratio Remains Low In Past Few Days As pointed out by an analyst in a CryptoQuant post, investors haven’t taken much risk since the surge in the crypto’s price…

The post Data Shows Bitcoin Investors Afraid To Take Risk As Leverage Remains Low appeared first on Bitcoin News Miner.

Academia Excludes Bitcoiners And Supports Tyranny

The academic community must make the choice of honest intellectual consideration of Bitcoin or continued deliberate ignorance.

Bitcoin Is On FIRE

The ethos of living frugally and investing wisely only gets better when applied to a bitcoin standard.
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Top 3 DeFi Protocols that are growing really fast right now

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Access to finance and capital is one of the most important things for personal…

The post Top 3 DeFi Protocols that are growing really fast right now appeared first on Coin Journal.

Portsmouth Becomes Latest City To Adopt Cryptocurrency Payments But There’s A Catch

Portsmouth Becomes Latest City To Adopt Cryptocurrency Payments But There’s A Catch
Cryptocurrencies are enjoying the spotlight with more cities joining the train. The city of Portsmouth has seized the bull by the horn with the monumental announcement of allowing crypto payments for bills.

Portsmouth Becomes Latest City To Adopt Cryptocurrency Payments But There’s A Catch

Portsmouth Becomes Latest City To Adopt Cryptocurrency Payments But There’s A Catch
Cryptocurrencies are enjoying the spotlight with more cities joining the train. The city of Portsmouth has seized the bull by the horn with the monumental announcement of allowing crypto payments for bills.

Week Ahead – An encouraging recovery

Are investors correct to be optimistic? Investors appear remarkably calm at the moment given the level of uncertainty we’re facing this year, from inflation to interest rates and even Covid, when you consider China is still embracing lockdowns. Throw soaring commodity prices into the mix and there’s plenty of reason to be pessimistic. But when […]

Chiliz Expands 65% from 2022 lows, CHZ May Rally to $0.28

https://www.cryptoknowmics.com/news/chz-technical-analysis-chz-price-nearing-ascending-triangle-breakout/

Chiliz buyers are in control, surging eight percent on the last trading day versus the USDT. CHZ may surge to $0.33 in Q1 2022 as prices bottom up. Past Performance Chiliz buyers are firmly in the driving seat, rising eight percent in the past 24 hours versus the USDT. At the same time, CHZ is up double digits in the previous trading week, rallying 13 percent in a bullish breakout pattern above a multi-week resistance trend line and wedge. As per the Chiliz price action formation in the daily chart, buyers are in control. Accordingly, every low may offer entries for optimistic traders. Chiliz Technical Analysis After the Bollinger Band squeeze formation, CHZ is rallying, adding 65 percent from 2022 lows at spot rates. Because of the bulls surge, CHZ is at a three-week high, retesting March 2022 highs when writing. The breakout with rising trading volumes and bull bars banding along the upper BB indicates demand. As a result, aggressive traders may find loading opportunities above $0.21. The immediate resistance target would be $0.28 and $0.33—key reaction points in the medium term. If bears flow back below $0.21, CHZ may drop to $0.18 and $0.16. What to Expect of CHZ NFTs in sports already command billions in market cap, and Chiliz is one of the top brands. After sharp losses from Q4 2021, CHZ may print higher in a relieving recovery towards Q1 2022 highs.

The post Chiliz Expands 65% from 2022 lows, CHZ May Rally to $0.28 appeared first on Cryptoknowmics-Crypto News and Media Platform.

Chiliz Expands 65% from 2022 lows, CHZ May Rally to $0.28

https://www.cryptoknowmics.com/news/chz-technical-analysis-chz-price-nearing-ascending-triangle-breakout/

Chiliz buyers are in control, surging eight percent on the last trading day versus the USDT. CHZ may surge to $0.33 in Q1 2022 as prices bottom up. Past Performance Chiliz buyers are firmly in the driving seat, rising eight percent in the past 24 hours versus the USDT. At the same time, CHZ is up double digits in the previous trading week, rallying 13 percent in a bullish breakout pattern above a multi-week resistance trend line and wedge. As per the Chiliz price action formation in the daily chart, buyers are in control. Accordingly, every low may offer entries for optimistic traders. Chiliz Technical Analysis After the Bollinger Band squeeze formation, CHZ is rallying, adding 65 percent from 2022 lows at spot rates. Because of the bulls surge, CHZ is at a three-week high, retesting March 2022 highs when writing. The breakout with rising trading volumes and bull bars banding along the upper BB indicates demand. As a result, aggressive traders may find loading opportunities above $0.21. The immediate resistance target would be $0.28 and $0.33—key reaction points in the medium term. If bears flow back below $0.21, CHZ may drop to $0.18 and $0.16. What to Expect of CHZ NFTs in sports already command billions in market cap, and Chiliz is one of the top brands. After sharp losses from Q4 2021, CHZ may print higher in a relieving recovery towards Q1 2022 highs.

The post Chiliz Expands 65% from 2022 lows, CHZ May Rally to $0.28 appeared first on Cryptoknowmics-Crypto News and Media Platform.

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