Japan Has Over 3.5 Million Cryptocurrency Investors 1226

Japan, the leading country in digital currency adoption, has over 3.5 million cryptocurrency investors, according to a preliminary report by the country’s Financial Services Agency on Tuesday.

Japan Has Over 3.5 Million Cryptocurrency Investors, Says FSA

The Financial Services Agency (FSA), Japan’s financial watchdog, has published a report that gathered data from the 17 leading cryptocurrency exchanges in Japan and found that over 3.5 million people, close to 2.8% of its population, is investing in the emerging asset class. The agency added the number may be much higher since it is only counting with data provided by 17 out of a total of 32 companies operating in Japan. There are at least 100 more waiting on registration from Japan’s Financial Services Agency (FSA).

The regulatory body has also found the total volume of cryptocurrency trading was almost 5000 times higher in 2017 from 2014. The 2.35 billion yen traded in 2014 has given way to 10.3 trillion yen ($97 billion) during fiscal year 2017, which began on April 1, 2016 and ended on March 31, 2017. According to the website Cryptocompare, Japan is the no.1 country in this asset class. The country’s fiat money, JPY, accounts for 62 percent of the money invested in bitcoin worldwide.

The popularity of cryptocurrencies in Japan is creating a shortage of coders and engineers with the experience and ability that it’s ever-growing market demands. Salaries have risen 20-3o percent from the previous year with the base salary of a new coder now topping $100,000. As cryptocurrency makes inroads in the real world, the bitcoin market has seen Bic Camera, Capsule hotels, and Peach airlines integrate BTC payments in Japan.

The statistics of the cryptocurrency market in the country include the demography of the cryptocurrency investor, which show that 84 percent of all cryptocurrency investors in Japan are between the ages of twenty and thirty-five. The vast majority of investors, 91 percent, has portfolios worth less than 500,000 yen. The FSA also announced that the cryptocurrency futures market is onboarding participants in the country. Bitcoin futures trading grew from $2 million to $543 billion in 2017.

With this report, the Financial Services Agency aims to demonstrate the transparency needed in the cryptocurrency market and to measure the magnitude of virtual currencies in Japan. The regulator may soon be overseeing initial coin offerings as the government announced it is reviewing proposals to legalize the fundraising mechanism. The top priorities include methods to identify investors and to prevent money laundering. The country is one of the few to officially recognize cryptocurrencies as legal tender in recent years.

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Zeus Dex launches bridgeless multi-chain platform, addressing DeFi fragmentation with $4.5M liquidity on launch 321

Zeus Dex has officially launched its innovative multi-chain decentralized exchange (Dex). Built with Layer One X’s innovative multi-chain X-Talk technology. X-Talk enables seamless cross-chain trading without the need for traditional bridges. In 2022 alone, over $2.6 billion was lost to bridge hacks, highlighting the security vulnerabilities of existing cross-chain solutions. Moreover, liquidity fragmentation has been a significant pain point for DeFi users, as liquidity is often dispersed across multiple ecosystems, making it difficult for users to access the best rates and maximize returns. Zeus Dex aims to solve these issues by offering a unified decentralised trading platform where users can effortlessly trade assets across EVM and Non-EVM chains like Ethereum, Solana, Arbitrum, Binance Smart Chain, Tron and more.

Zeus Dex’s key features include Multi-Chain Balancer Pools, allowing users to create or participate in pools with assets from EVM and Non-EVM chains like ETH-SOL, ETH-BNB, and more, providing deep liquidity across networks. Additionally, the platform offers a user-friendly zapping feature, simplifying the process of moving funds between different blockchain ecosystems, making multi-chain DeFi more accessible than ever.

With $4.5 million in initial liquidity, Zeus Dex is set to provide users with enhanced trading capabilities, secure transactions, and a seamless experience across multiple chains. Single staking Liquidity pools for multiple networks are in place to provide liquidity for swaps and the fees are distributed back to the token holders. ~30% of the liquidity in DeFi is fragmented and Zeus Dex aims to market to users on all chains as well as other De-Fi Projects. Additional features will be rolled out, including multi-chain lending and borrowing, auto compounding and Omni-Chain user credit score building systems in partnership with other DeFi protocols.

Zeus Dex’s Tokenomics have been structured to ensure sustainability, and incentivize long-term platform growth:

  1. Team allocation: 20% of the total supply is reserved for the core team and advisors.
  2. Initial sale and incentives: 35% is allocated initial token sale and liquidity provisioning across various pools. 
  3. Public distribution: 10% will be made available through a public sale.
  4. Treasury & development fund: 15% is set aside for futured development and ecosystem incentives.
  5. Marketing & partnerships: 20% is reserved for marketing efforts and strategic partnerships.

Zeus Dex has an innovative two-phase token sale. In Phase B (Sept24 to Oct24), tokens are available for purchase at $0.03 each, with the sale lasting for two months. After Phase B, 25% of the participants’ tokens will be unlocked, and these will have priority for sale to Phase C (Nov24 – Dec24) participants at a price of $0.075. Additionally, during Phase B, participants will benefit from a 165% APR, which will be distributed daily, incentivizing continued liquidity provision and staking in the platform. This unique structure ensures a balanced reward system and supports liquidity growth across the Dex. For the timeline of phase B and C, ZDX holders will be able to stake their ZDX into a single staking pool that will provide SZDX as rewards, that can be traded with L1X, ETHUSDC and BSCUSDT.

Zeus Dex has created a global liquidity pool that projects from any network can access by integrating with its cross-chain contracts, secured by the X-Talk infrastructure. This setup enhances trading volumes for liquidity providers, allowing them to earn fees not only from the Zeus Dex platform but also from external applications that connect to it. The objective is to provide a global liquidity infrastructure enabling Zeus to be a powerhouse of cross-chain liquidity management and provisioning solutions. Zeus has already commenced integrating with multiple applications to provide its initial and incoming liquidity to generate fees. Zeus Dex is aiming to leverage Bitcoin Integration into cross-chain capabilities to be powered by X-Talk infrastructure from Layer One X.

Compared to bridges, X-Talk uses less contracts and is more secure with cross-chain contract calls making transactions done with Zeus lower in fees, secure and faster. With more than $10 billion being paid in liquidity mining across DeFi protocols and ~30% of the TVL (Total Value Locked) being fragmented, Zeus Dex aims to target this market promoting bridgeless multi-chain liquidity movement and management.

Zeus Dex is live at https://www.zeusdex.pro/

LedgerAI Partners Secures First of Numerous Letters of Intent with Financial Recovery Strategies (FRS) to Revolutionize Business Intelligence 632

LedgerAI, a leader in artificial intelligence and business solutions technology, is thrilled to announce it has secured its first Letter of Intent (LOI) with Financial Recovery Strategies (FRS), marking a transformative moment as the company redefines the future of business intelligence by applying Artificial Intelligence (AI), intelligently. This will be part of an ongoing series of LOI announcements with clients.

Aura Vision: The Intelligent Heart of FRS

This cutting edge AI interface will function as an unparalleled Board and Executive Concierge, Chief of Staff, and Chief Administrator, but these titles only scratch the surface of its functional capabilities. At the core of this partnership with FRS is LedgerAI’s flagship AI platform, Aura Vision – a dynamic, next-generation AI-powered interface designed to act as the nerve center of FRS. Aura Vision doesn’t just support decision-making; it revolutionizes it by seamlessly integrating into every layer of FRS’s operations.

From real-time analysis of class action litigation landscapes to forecasting financial recovery trends, Aura Vision ensures FRS is always one step ahead, making decisions with a confidence rooted in data-driven intelligence. Aura Vision is engineered to anticipate the needs of FRS’s leadership and operational teams, proactively delivering critical market insights, risk assessments, and internal intelligence. It sifts through vast data streams, identifies patterns, and presents actionable insights with unparalleled speed and accuracy.

Michael Epstein, CEO of FRS: “Aura Vision is a game-changer for FRS. It’s like having a team of the world’s top strategists, analysts, and advisors working 24/7, but with the precision and efficiency that only AI can provide. For an organization like ours, with over 29,000 clients, the ability to proactively manage and interpret vast amounts of data is invaluable. Aura Vision doesn’t just tell us what’s happening; it tells us what’s coming, allowing us to act swiftly and strategically.”

Strategic Partnership: A New Era for FRS and LedgerAI

Epstein also spoke highly of the team of four co-founders behind LedgerAI: “The brilliance of CEO Paul Chou and his executive team at LedgerAI cannot be overstated. From Paul’s visionary leadership to Bob Carella’s financial expertise and client focus, David Lara’s operational and market insights, and Jorge Guinovart’s marketing reach, this partnership is the perfect alignment of innovation and execution. Aura Vision represents the culmination of their efforts, and we at FRS couldn’t be more excited to integrate it into our operations. The immediate ROI we anticipate from Aura Vision’s proactive intelligence-sharing capabilities is very exciting.”

Looking Ahead: Redefining Business Intelligence

The LOI with FRS positions LedgerAI as a leader in AI innovation. Aura Vision is not just another tool; it’s a revolutionary platform that will redefine how companies like FRS operate – making business intelligence more intuitive, integrated, and impactful by applying Artificial Intelligence, intelligently.

About FRS

Financial Recovery Strategies (FRS) is a leading firm specializing in class action settlement claims recovery and cost-saving strategies. With over 29,000 clients, more than 400 of them being fortune level companies, FRS provides comprehensive management of class action claims, from tracking litigations to overseeing settlement distributions. For more information, visit www.frsco.com.

About LedgerAI

LedgerAI is at the forefront of artificial intelligence and business solutions technology, dedicated to revolutionizing how businesses operate through cutting-edge AI platforms like Aura Vision. LedgerAI continues to push the boundaries of innovation and deliver exceptional value to its clients. For more information, visit www.ledgerai.co.

Website: https://www.ledgerai.co/

Core Foundation Announces LstBTC, a Liquid Staking Token on the Core Blockchain 1285

The Core Foundation, a group dedicated to sponsoring ecosystem development on Core’s Bitcoin-powered blockchain, has announced LstBTC, an ERC-20 liquid staking token pegged 1:1 with Bitcoin (BTC). This innovation enables BTC holders to earn daily rewards in CORE tokens while maintaining the liquidity of their Bitcoin—a solution to the longstanding challenge of choosing between staking and liquidity in the DeFi space.

Addressing the Liquidity Challenge

For Bitcoin holders, the choice between staking their assets for rewards and keeping them liquid for DeFi participation has always been a difficult one. Traditional BTC staking often requires locking up assets, making them unavailable for other uses. LstBTC eliminates this trade-off by preserving Bitcoin’s value while offering the benefits of staking. Holders can now keep their BTC liquid and participate fully in the evolving BTCfi ecosystem.

How LstBTC Works

Each LstBTC token is fully pegged to one BTC, ensuring that its value remains stable. Unlike standard staking, LstBTC allows holders to retain full liquidity, meaning their Bitcoin can still be used for lending, transferring and swapping like any other ERC-20 token. This flexibility is a game-changer for those who want to maximize their returns without compromising their ability to engage in DeFi activities.

Enhanced Security with Multisig Setup

LstBTC is issued on the Core blockchain and features a Multisig setup on the Bitcoin network. While this requires a slight increase in trust, the Multisig setup is managed by reputable entities, a practice widely adopted in many established protocols. The Multisig wallets undergo rigorous security audits, ensuring that users’ assets are well-protected, while still allowing them to benefit from the liquidity and rewards offered by LstBTC.

Expanding the BTCfi Ecosystem

LstBTC will further expand Core’s already comprehensive BTCfi ecosystem, which includes lending, borrowing, restaking, DEXs, perpetual futures, and NFT platforms. By bridging the gap between staking and liquidity, LstBTC offers BTC holders greater flexibility in managing their assets.

“Bitcoin holders have long faced a difficult choice between staking their assets and keeping them liquid for participation in the DeFi ecosystem,” said Rich Rines, Initial Contributor at Core. “LstBTC changes that by allowing users to earn staking rewards in Core while keeping their Bitcoin liquid and active in the ecosystem.”

A Solution That Meets Market Needs

LstBTC is designed for BTC holders who want to maintain their asset liquidity while still earning staking rewards. The Multisig wallet setup, backed by reputable entities and rigorous audits, ensures that security is not compromised, making LstBTC a reliable choice for those looking to engage more fully in the BTCfi ecosystem.

See more on LstBTC in this explainer video: https://youtu.be/ipyT_ih_G-g?si=nUs8HlMBct_J1Dbq. For more information about the Core Foundation and Core blockchain, please visit https://coredao.org.

About Core

Core serves as the Proof of Stake layer for Bitcoin as the first enabler of Non-Custodial Bitcoin Staking, which secures a fully EVM-compatible BTCfi ecosystem. Since April 2024, over 5,000 BTC valued at more than $300 million have been staked with Core, enhancing Bitcoin’s utility and security.

Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security. This breakthrough has amassed millions of Core adopters – over 20M unique addresses, 275M+ transactions, and over 295M TVL since its mainnet launch in January 2023.

Join the Revolution: Financiere de Versailles Offers No Fees, No Commissions, Just Pure Crypto Success! 1508

In a bold move set to redefine the landscape of cryptocurrency trading, Financiere de Versailles has officially announced the launch of its new zero-fee, zero-commission trading platform. This cutting-edge offering is designed to empower traders by maximizing their profits through advanced AI-driven strategies, boasting an impressive 92.4% success rate.

The launch of this platform marks a significant shift in the cryptocurrency trading market, where high fees and commissions have traditionally eaten into traders’ profits. Financiere de Versailles is eliminating these barriers, providing a truly cost-effective solution for both novice and experienced traders alike.

“A New Era in Crypto Trading”

The announcement of this zero-fee, zero-commission platform could not be more timely. As the cryptocurrency market continues to grow in complexity and size, traders are increasingly looking for platforms that not only offer superior trading tools but also do so without the burden of high fees. Financiere de Versailles is answering that call, providing a revolutionary platform that puts traders’ profits first.

The introduction of this platform is a game-changer for the industry. Cryptocurrency trading has been on a rapid rise, attracting investors from all walks of life. However, one of the main challenges has been the often prohibitive fees that accompany trading on many platforms. With Financiere de Versailles, these concerns are a thing of the past. The platform’s zero-fee, zero-commission model ensures that traders can maximize their earnings without worrying about the usual deductions that can significantly impact profits.

“We are ushering in a new era in crypto trading where every trader, regardless of their experience level, can benefit from the market without worrying about fees eroding their earnings,” said the CEO of Financiere de Versailles. “Our platform’s AI-driven technology has been meticulously designed to optimize trading strategies and deliver consistent, high-performing results with a 92.4% success rate. We believe this is the future of trading.”

Why This Matters Now

The introduction of a zero-fee platform is particularly relevant in today’s financial climate, where economic uncertainty and market volatility are at an all-time high. Traders are seeking out platforms that can offer them a competitive edge, and Financiere de Versailles delivers just that. The platform’s AI trading bot is built to analyze market trends in real-time, execute trades with precision, and maximize profitability – all without the hidden costs that have become commonplace in the industry.

This announcement is not just a game-changer for individual traders but could also set a new standard for the entire industry. By removing commissions and fees, Financiere de Versailles is paving the way for more accessible and profitable trading experiences. The platform is designed to allow traders to keep more of their earnings, thus enhancing their ability to reinvest and grow their portfolios over time.

As cryptocurrencies continue to gain traction, the market is becoming increasingly competitive. Traders need every advantage they can get, and Financiere de Versailles provides that edge by offering a platform that is not only cost-effective but also technologically superior. The AI-driven strategies employed by the platform allow traders to navigate the complexities of the market with confidence, knowing that they are backed by one of the most advanced trading systems available.

Driving the Future of Trading

The CEO emphasized that this launch is not just about creating another trading platform but about fundamentally changing how people trade cryptocurrencies. “We’re focused on driving the future of trading by offering a platform that truly serves the needs of the trader. With no fees, no commissions, and the power of AI, we’re making sure our users have every advantage possible in the fast-paced world of crypto.”

The platform’s AI technology is one of its standout features. It uses sophisticated algorithms to continuously scan the markets, identify profitable trading opportunities, and execute trades automatically. This not only reduces the time and effort required from the trader but also significantly increases the likelihood of success in a market known for its unpredictability.

By leveraging AI, Financiere de Versailles ensures that traders can take advantage of market opportunities as they arise, without the delays that often come with manual trading. This real-time response capability is crucial in the fast-moving world of cryptocurrency, where seconds can make the difference between profit and loss.

Call to Action

Financiere de Versailles is inviting traders of all levels to join this revolution in crypto trading. With the promise of no fees, no commissions, and pure success powered by advanced AI, the platform is positioned to become the go-to solution for those looking to maximize their earnings in the cryptocurrency market. Traders can sign up today and start experiencing the benefits of this innovative platform.

To join the revolution and take advantage of Financiere de Versailles’ new platform, visit https://financieredeversailles.com/ and start trading smarter, not harder.

Rocko, A New Marketplace for Crypto-Backed Loans, is Officially Live 1815

Rocko, a new marketplace for accessing the best crypto-backed loans, has officially launched! Crypto owners can now use Rocko to quickly secure loans using their crypto assets as collateral, avoiding the need to sell their holdings. Users can access competitive rates from leading DeFi protocols — starting with Compound — and set up a loan within minutes, regardless of their level of expertise.

DeFi lending protocols like Compound and Aave offer lower interest rates and more flexible terms for crypto-backed loans than many centralized lenders. However, they are often seen as difficult to use. Rocko’s platform solves this by simplifying the borrowing process with an intuitive, step-by-step interface. Users can customize their loan terms and select which lending protocol they prefer to borrow from. Once the loan is finalized, a smart wallet is automatically created, which then interacts with the chosen DeFi protocol to fulfill the loan based on the user’s instructions. Since the wallet is non-custodial, users retain full and exclusive control over their funds.

One of Rocko’s standout features is its seamless compatibility with major exchanges like Coinbase, Gemini, and Binance — no need for complex Ethereum wallets or seed phrases! Borrowers can receive their USDC loans directly into their exchange accounts, making it easier to convert it to USD for various purposes, such as real estate purchases, debt consolidation, or large purchases. Coinbase users can link their accounts to Rocko, streamlining the process even further.

Rocko offers a comprehensive dashboard where users can manage their loans, track key metrics, borrow additional funds, make payments, and adjust their collateral. Additionally, users can set up text or email alerts to monitor collateral value and interest rates. Upon repayment, the collateral is automatically returned, along with any rewards earned from protocols like Compound.

Rocko takes security seriously by implementing industry-best practices and leveraging trusted solutions. Rocko smart wallets are fully non-custodial, meaning only users have access to any funds their wallets hold. The private key is encrypted and stored in a secure enclave provided by Turnkey, accessible only by the wallet owner. Rocko’s smart wallets are built with Kernel, a highly audited and trusted modular smart account. Additionally, many DeFi protocols, including Compound, do not allow for the rehypothecation of assets. This means when you take out a loan using Rocko, your collateral is not lent to other borrowers. Instead, it is locked in a smart contract until you repay your loan.

Rocko was founded by a team of experienced fintech founders who have built and launched innovative consumer financial products in TradFi and Web3 such as the Gemini Credit Card, MarcusPay by Goldman Sachs, and Ondo Finance. The original idea for Rocko came from their own frustration on how hard DeFi was to use despite the great value it offered. Their vision is to build one marketplace connecting all of DeFi that allows borrowers to easily access the best rates and liquidity from any number of protocols and networks, using any crypto assets.

Rocko is set to roll out a series of exciting new features in the coming months, including support for additional DeFi protocols, networks, and crypto assets. The platform will also introduce tools that help automate loan management, so users can borrow at ease and set their loans on autopilot.

To get started with Rocko and secure a crypto-backed loan today, visit https://rocko.co.

About Rocko:

Rocko is a new marketplace that connects crypto owners with the best DeFi lending protocols, enabling them to access crypto-backed loans quickly and securely. Rocko users can take advantage of competitive rates and flexible loan terms, receiving funds directly to their accounts at centralized exchanges or to their Ethereum wallets. The company was founded by a team of experienced fintech founders who have built and launched innovative consumer financial products such as the Gemini Credit Card, MarcusPay by Goldman Sachs, and Ondo Finance.

AEON Powers Alchemy Pay with Foundational Payment Infrastructure and Protocol 1972

AEON, the next-generation modular payment protocol, has officially partnered with Alchemy Pay, the world-leading crypto payment solutions provider to bring new capabilities to the crypto payment and settlement landscape. This strategic collaboration aims to leverage AEON’s advanced payment protocol to enhance Alchemy Pay’s capabilities in facilitating seamless crypto-to-fiat transactions, bringing unparalleled efficiency and modularity to the ecosystem.

Partnership Overview

In this partnership, AEON will serve as the foundational protocol provider for Alchemy Pay, offering advanced solutions for the distribution, clearing, and settlement of crypto transactions. Alchemy Pay will integrate AEON’s technology to modularize its payment methods, facilitating seamless interactions between fiat currencies and cryptocurrencies.

AEON’s role is to ensure that the infrastructure supporting crypto payments is robust, efficient, and capable of handling high volumes of transactions with minimal latency and cost. By providing the underlying protocol, AEON will enable Alchemy Pay to offer a superior payment experience that is both secure and scalable.

Shared Vision for the Future

Alchemy Pay is a global leader in crypto payment solutions, recognized for its innovative approach and wide support to bridging the gap between traditional financial systems and the digital asset space. With a payment network that spans over 173 countries with multiple mobile wallets and bank transfer supported, Alchemy Pay is at the forefront of enabling businesses and consumers to seamlessly engage with cryptocurrencies.

This partnership marks a significant milestone in the journey towards a more integrated and efficient financial ecosystem. AEON and Alchemy Pay are dedicated to continuous innovation and collaboration, ensuring that their combined efforts lead to the widespread adoption and acceptance of cryptocurrency payments globally. Together, AEON and Alchemy Pay aim to bring enhanced user experiences, better accessibility, and a more robust payment infrastructure to the industry.

AEON remains committed to driving the evolution of the payment landscape through its cutting-edge technology and strategic partnerships. Stay tuned for more updates as AEON continues to innovate and deliver the best in crypto payment solutions.

About Alchemy Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off Ramp, Crypto Card, Web3 Digital Bank, Crypto Payments and NFT Checkout, Alchemy Pay supports payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. Additionally, our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain.

About AEON

AEON is a next-generation modular payment protocol designed to unify the standard of crypto payments and enable real-world connectivity. By simplifying the integration, processing, and settlement of crypto payments, AEON offers low-cost, verifiable, and secure payment processing.

Developing a robust crypto payment standard akin to Visa, AEON aims to connect web3 infrastructures with mass adoption use cases, ensuring adaptability, liquidity, and efficiency and supporting on-chain payment methods such as subscriptions, global fiat rails, and tips.