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San Francisco, USA, 9th September, 2021,

San Francisco-based financial platform Gluwa  has launched the first cryptocurrency native venture debt fund on the Ethereum Network. The fund is aimed at promoting financial inclusion and offers retail investors an industry-leading fixed APY of 12%.

Gluwa Invest is a key component of Gluwa’s borderless financial vision, designed to connect investors anywhere in the world to high-yield, high-growth opportunities in capital-constrained emerging markets. Staked funds are pooled and used to provide liquidity to various partners, and by extension, credit opportunities & credit lines for the unbanked and underbanked. Credit lines such as these can represent a rare opportunity to kick-start a small business, or pay for a medical emergency.

Gluwa already has investment partnerships with various credit-providing companies. Notably Aella, who provide credit lines to millions of users across Africa, as well as Jenfi, who provide revenue-based debt financing to digital native businesses across Asia. 

The new venture debt fund is a fixed-term (3 months), interest-bearing account handled on a Luniverse Ethereum sidechain. Retail investors from several countries can participate in the account by exchanging BTC to sUSDC-G (A Gluwa stablecoin) via Gluwa’s in-app non-custodial exchange. Debuting with a starting investment cap set at $500,000 sUSDC-G, deposits will be made on a first-come, first-served basis.

In recent weeks, over 1,000 users have completed KYC/Identity Verification ahead of the official Bond Account launch, the first of Gluwa Invest’s full suite of investment products. Other accounts due to go live in late 2021/early 2022 include the Savings Account, paying 5% APY with no-fixed term, and a Prize-Linked Savings Account where participants can stake funds for entries into a collective lottery pool. The latter enables investors to randomly earn a share of collective interest (4% APY) from the entire liquidity pool.

“The launch of Gluwa Invest is a significant milestone, and a major step towards realising our final vision: connecting people all over the world with the opportunities, capital and investment they need,” said Gluwa Invest Product Manager Brendan O’Toole.

“Our users benefit twofold,” explains Gluwa CEO Tae Oh. “Firstly, by making responsible investments that provide credit opportunities to millions of people; and secondly, by providing our investors with industry-leading returns.”

Unlike other DeFi lending protocols, which rely on over-collateralized lending, Gluwa Invest represents the first working example of Gluwa’s wider push towards achieving a decentralized credit ecosystem for non-collateralized lending based on the Creditcoin blockchain. As the developers of Creditcoin, all Gluwa’s credit investments will be transparently recorded on its open credit recording blockchain, allowing investors to transparently track their funds in future.

About Gluwa

Gluwa is a borderless financial platform built to give everyone access to quality currency without facing the barrier of border restrictions. Gluwa’s product suite includes a non-custodial cryptocurrency wallet, a non-custodial cryptocurrency exchange, and high-yield interest-bearing accounts. With a passion for blockchain and information transparency, the platform is committed to building a future of financial inclusion, in which every person can be their own bank.

Contacts

• Press
• Info@marketacross.com

Los Angeles, California, 9th September, 2021,

NAKJI NETWORK, a blockchain big-data focused startup has completed a capital raise of USD $8.8M. Investors in the round include blockchain partners and venture capitalists that include Animoca Brands, CMS Holdings, Primitive Ventures, GBV, LD Capital, Rocket Fuel, One Block, Panony, and other notable investors . 

This round of financing will allow Nakji to invest further in the development of its state-of-the-art information relaying protocols between a wide array of blockchains to the off-chain world, as it gears up for a public debut later this year. Nakji is founded by Allie Zhang, former lead engineer at real-time data intelligence start-up, Bottlenose, and David Kim, a former 13-year technology and management consultant at PwC and Deloitte. David and Allie possess decades worth of combined experience across incubating, building, and consulting in blockchain and big data. David also helped establish one of the first Big 4 blockchain practices at PwC in 2016.

The data layer and related infrastructure sector is one of the key components powering the entire blockchain ecosystem due to the reliance of user-facing dApps and protocols in DeFi. As the industry and on-chain activity continue to grow exponentially, the communication of data and information in the form of indexing and querying will become of utmost importance since the speed of usability relies on the transfer of information at speeds conducive to user experience.  Nakji will solve this by providing industry-breaking speeds to relay information from on to off-chain. 

According to Kevin McCordic from CMS Holdings, “Nakji is on pace to become a major contributor for the indexing of Web3 data. Access to data is vital infrastructure in the blockchain space – building out the query layer is one of the final frontiers that need to be tackled for a multi-chain universe to reach its impact potential. We are confident that the Nakji team will lower the barrier to entry for projects building in this ecosystem and ultimately increase adoption on the new, decentralized web.” 

Yat Siu, the chairman and co-founder of Animoca Brands, said: “Nakji’s protocols relay information efficiently, safely, and quickly from blockchain to off-chain, making it one of the industry’s most promising big data start-ups and a particularly exciting investment for us. We look forward to working together as we continue to build the decentralized experiences that constitute the next generation of the Web.“

In the coming months, Nakji will release a series of staged updates on the platform, sharing further designs and details on the speed and security of its relaying protocols, before allowing for developers to access APIs through its TestNet. 

About Nakji Network 

Nakji aids in the relay of information from traditional blockchains to any receptor off-chain that can receive on-chain data points. It does this with industry setting speed, outpacing competitors while providing an added layer of security to ensure the safety and accuracy of data being transported.

Contacts

• Press
• info@marketacross.com

Midtown, Gibraltar, 9th September, 2021,

Panther Protocol, a decentralize d privacy meta-protocol enabling confidential, trusted transactions, and interoperability with DeFi has now joined forces with Sentinel, a powerful protocol that enables the development of third-party and white-label decentralized Virtual Private Network (dVPN) services, interoperably with DeFi and Sentinel. 

A blockchain-based decentralized bandwidth marketplace, Sentinel enables anyone to create a Virtual Private Network and have access to the distributed bandwidth resources where users become both providers and consumers in the network. Users’ web traffic is probably end-to-end encrypted with no company able to access a user’s metadata.

The Panther wallet plans to integrate the Sentinel DVPN token to provide users with end-to-end privacy. Clients and customers will be able to distribute private blockchain solutions built using Panther technologies by providing technical support and guidance in the integration and maintenance process. 

Central Bank Digital Currency (CBDC) pioneer and Panther’s Co-founder, Oliver Gale says: “We know the internet collects data every time people interact online. People were sold a false promise with Virtual Private Networks or VPNs, but in reality, security cannot be guaranteed with vulnerable centralized VPNs.” 

“A single VPN company can be compromised at any time – an issue that Sentinel addresses through decentralized VPNs or dVPNs.”

Srinivas Baride, CTO of Exidio, a development arm that builds tooling on the Sentinel network, “We address the issue of censorship resistance dVPNs and are delighted to combine with Panther to provide privacy for assets moving on these ecosystems. 

We look forward to being able to distribute private solutions built using Panther Technology to our enterprise clients and customers.”

About Sentinel

Sentinel, a decentralized VPN protocol, is built on Cosmos SDK-based architecture. Differing from centralized VPN companies that have been proven to log user data, Sentinel is an open-source, encrypted, peer-to-peer bandwidth marketplace accessible to anyone. Users can connect to any of the provably secure dVPN applications built on the Sentinel network. Individuals can also earn passive income by offering bandwidth to the marketplace.

Marketing/Social Channels

• Website – https://sentinel.co/ 
• Medium – https://medium.com/sentinel 
• Reddit – https://www.reddit.com/r/SENT/ 

About Panther 

Panther Protocol is an end-to-end privacy protocol for DeFi. Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users are able to mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.

Marketing/Social Channels

• Website – https://pantherprotocol.io/ 
• Medium – https://panther-protocol.medium.com/ 
• Twitter – https://twitter.com/ZkPanther 

Contacts

• Gabriella Baer
• gabriella@pantherprotocol.io

SINGAPORE, Singapore, 9th September, 2021, Chainwire

Gate.io, a leading digital asset exchange, announced that their perpetual contracts have been offering an insurance fund of more than 1,000 BTC; It automatically provides users with through-position compensation, and provides up to 100 times leverage on BTC in addition to leveraging solutions for ETH, EOS, LTC, BCH, BSV and hundreds of other popular digital assets. Users are able to leverage 20-100 times on long and short services; using the global multi-platform comprehensive index price as the closing index, users can rest assured that they’ve chosen the right platform that incorporates stable operations and risk management.

The longest bull run to date in the global cryptocurrency market came to an almost abrupt end in May, having surged for nearly a year. The May 19 market crash pushed the industry to enforce stronger supervision with tighter control on the products being offered to clients. Many crypto exchanges added new restrictions, focusing on lowering the maximum amount of leverage users were able to use on futures contracts and cancelling high leverage products, most choosing to cap products at a 20 times leverage.

Global regulatory pressure, policy changes and other bad news hit one after the other. Although institutions and users alike have grown accustomed to bad news and uncertainty over the years, this time was different. In an effort to get ahead of regulatory and policy changes, deleveraging certain products became the norm for most crypto exchanges. Besides regulatory hurdles, exchanges remain highly competitive and as such Gate.io has come to rely on its contract offerings to bolster its competitive advantage over industry peers.

“Gate.io Perpetual Contracts are financial derivatives specifically for cryptocurrencies. The biggest difference between perpetual contracts and traditional futures is that there is no delivery date, and users can hold positions indefinitely, so it is closer to spot trading. Users only need to pay attention to buying up and buying down, providing greater leverage than traditional futures contracts and supporting forward contracts, dual currency contracts, and reverse contracts, realizing long and short two-way operations. Gate.io currently supports contract trading in BTC and USDT as settlement currencies,” Marie Tatibouet, CMO at Gate.io, said in a statement. 

In order to reduce the transaction costs of users’ contracts, Gate.io has launched a ladder fee structure on contracts, which is intended to significantly reduce the single Taker rate, so that ordinary users can enjoy the lowest transaction fees. For professional market customers, Gate.io has also opened an independent application channel, and market customers can continue to enjoy generous single Maker fee rewards.

Gate.io perpetual contract transaction fees are divided into two directions: Taker: 0.075%; Maker: -0.025%. Users can not only not pay the fee, but also get the fee back as a reward.

Generally speaking, that is, all Maker users can earn fees while also earning revenue. On the other hand, the ladder fee structure is far lower than the fees that competing platforms only offer on high volume trading, and it is one of the more competitive fee structures in the contract market. It allows users to enjoy a high-quality contract service experience of top exchanges at industry low rates.

Zero Share Contract To Provide Insurance Fund

The Gate.io contract uses an insurance fund to ensure the smooth completion of contracts with a strong leveling process. When the loss of the position is greater than the margin, the insurance fund covers the loss of the position. The contract insurance fund comes from the balance funds generated by the forced closing of contracts. When the position is forced to close, the order is placed at the bankruptcy price to make a match in the market. If the actual transaction price is better than the bankruptcy price, the balance generated goes into the insurance fund.

In short, the Gate.io contract provides the user with an insurance fund, automatically provides the user with compensation for the loss of positions, and realizes zero allocation of contract losses.

Contract Function To Ensure Seamless Transactions

The Gate.io USDT perpetual contract hybrid margin borrowing function allows 0% interest on the collateral currency provided. Through this function, users can leverage the BTC in their spot account with 0% interest to borrow up to 100,000 USDT. Users do not need to sell their digital assets or transfer funds to the contract account. The margin will be automatically deducted from the spot account. It should be noted that the hybrid margin borrowing collateral provided cannot be transferred out. Hybrid margin borrowing is the value conversion of collateral to resist the risk of contract liquidation. No actual borrowing occurs, so there is no handling fee.

Gate.io’s perpetual contract supports a two-way position mode, that is, users can hold long and short positions on both sides of the same contract. The switching between one-way and two-way position modes is effective for all contracts settled by the user in one currency at the same time, provided that all contracts settled by the user in this currency have no positions and no pending orders.

The introduction of hybrid margin option, two-way positions and subsequent functions ensures actual benefits to users when trading contracts, while providing transactional security and stability. Compared with other contract products from competing platforms, Gate.io’s contracts have more diverse and innovative functions, reaffirming Gate.io’s commitment to innovation and consistent upgrades to the services it offers.

Millions Of Dollars In Rewards 

Gate.io has set aside millions of dollars in USDTest for eligible users to try out the platform. Users will be able to use these rewards to offset contract and trading fees, losses and other capital expenses. Both new and current users will be able to benefit from these rewards which will be distributed in the form of USDT or BTC. Users can earn these rewards through certain designated activities on the contract trading platform.

Additionally, these rewards will take precedence over the user’s own funds and the profits obtained while executing trades using USDTest. For example: User A has 100 USDTest in his account, holds a BTC/USDT position through contract transactions, which uses 80 USDTest, and does not close the position. After the USDTest expires in 30 days, the unused balance, in this case 20 USDTest in the account will automatically be recovered and burned.

The current Gate.io contract platform features many new upgrades. In order to provide an enhanced trading experience to its users, Gate.io has launched a series of reward programmes for users, these activities will allow users the opportunity to earn a variety of rewards. The ‘Newcomer Tutorial’ will help users improve their skills as traders, users who participate in these activities stand a chance to win massive rewards by joining other contract traders on the platform.

About Gate.io

Gate.io was founded in 2013 and has since grown to become a top 10 global cryptocurrency exchange by trading volume. Security remains the company’s highest priority and it has audit certificates available as proof of reserves. Its main products include spot, margin and contract trading in addition to derivatives, crypto loans, quantitative trading, initial exchange offering (IEO) investments and has a dedicated NFT marketplace.

Gate.io relies on stable technical support and a large array of listed coins and tokens. The more mainstream cryptocurrencies have increased trading volume and thus support contract trading with over 150 cryptocurrencies currently supported. The daily transaction volume of perpetual contracts regularly exceeds $2 billion with a large number of Gate.io users worldwide making use of the service. Because of this, Gate.io has invested a lot of money in security to ensure the safety of user assets used on the platform. The increased popularity of contract trading on Gate.io is just the tip of the iceberg as the platform regularly develops new products to cater for user demand such as the introduction of its dedicated NFT Magic Box marketplace, Startup IEO platform and new Copy Trading platform. Consistent innovation is a priority for Gate.io.

Contacts

Head of Comms

• Diksha Sharma
• Gate.io
• diksha@mail.gate.io

Madrid, Spain, 9th September, 2021,

Prosegur, a publicly-traded company providing advanced physical and cyber security services, is launching its Prosegur Crypto arm to offer a powerful solution for professional cryptocurrency custody.

The company aims to take its multi-decade experience in cybersecurity to the crypto world by launching the Crypto Bunker©, a multi-layer defense-in-depth mechanism that protects customer funds from both digital and physical tampering methods.

The Crypto Bunker is based on a “360° Inaccessibility Approach” that incorporates over 100 protection measures in 6 integrated security layers of 2 unreachable environments: The cold storage and the cold space.

The core of the custody mechanism is the 100% offline-based storage and transaction signing process, which uses an air-gapped Hardware Security Module (HSM) to hold the private keys. Using a unique outbound-only network interface, the HSM can be used to move funds out of the wallet without an internet connection. To sign transactions for the wallet, a secure Multi-Party Computation (MPC) system distributes the private key shares to up to 15 co-signers, ensuring that there is no single point of failure. Finally, user authentication combines secure OTP solutions, passwords, biometric data and geolocation with an IP address whitelisting process, resulting in a secure multi-step authentication process. The system is offered in partnership with GK8, a leading crypto security solutions provider.

In terms of physical security, Prosegur Crypto’s facilities feature 24/7 surveillance, armored storage and specific protocols to prevent physical extortion and robbery, both by outsiders and insiders. Employees of the facilities are subjected to periodic criminal and credit background checks, in addition to biometric checks and segregated tiers of management access to ensure no employee is able to game the system. Finally, the internal communication systems are secured by all types of advanced cyber threats, including DDOS attacks and Corporate Network System intrusion, with attestations from all the relevant certifications. 

The physical defense mechanism is the result of decades of know-how acquired by Prosegur, which secures $400 billion in assets under custody. Offering many types of security services spread between various branches, including home security and cash-in-transit protection, Prosegur is a market leader in physical and cyber security products.

“We’re now ready to unveil our revolutionary crypto custody solution, probably the most advanced and comprehensive on the market,” said Raimundo Castilla, CEO of Prosegur Crypto. “The combination of bank-level physical security and new generation cold storage technology means that Prosegur Crypto is the safest place to store crypto assets for institutions, businesses and any other entity requiring secure cold storage. With security, trying to reinvent the wheel is never worth it, and anyone who goes through the process usually ends up offering their own security services due to the enormous know-how and investment required. By using the services of established experts, companies can feel safe while saving considerable resources.”

About Prosegur Crypto

Prosegur Crypto is the crypto custody arm of Prosegur, a multi-disciplinary security company established in 1976. Its Crypto Bunker, a security platform based on the idea 360 degree inaccessibility, combines advanced one-way HSM modules and MPC-based key derivation with armored vaults and strict, bank-level internal security practices to ensure complete protection for customer crypto funds. 

Contacts

• Press
• info@marketacross.com