Latest news with #Bitget
Yahoo
an hour ago
- Business
- Yahoo
Crypto Currents: Kraken launches global money app
As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on this week's top stories highlighting the intersection of these old guard and new school areas of finance with this recap compiled by The Fly. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter EXCHANGE TRANSPARENCY BOOSTED: In a major move towards transparency, the crypto exchange Bitget recently released its June Proof-of-Reserves report. The audit reveals the company holds 199% of all customer funds, meaning for every dollar a user has on the platform, Bitget holds nearly two dollars in reserve. This includes a staggering 429% reserve ratio for Bitcoin (BTC). The long-standing exchange BTCC also released its data, showing a healthy total reserve ratio of 135%. This industry-led push for verifiable proof-of-reserves is a direct answer to the collapses of the past, aiming to build a more resilient and trustworthy market for users. NASDAQ PARTNERS FOR INSTITUTIONAL EFFICIENCY: Nasdaq announced a major partnership with the Canton Network to upgrade its Calypso platform, a system used by the majority of the world's largest banks. This integration uses blockchain technology to solve a massive, $1T problem for institutions: collateral inefficiency. It will allow banks and investment firms to manage their assets and collateral in real-time, twenty-four-seven, across both traditional and digital markets. This move, made in partnership with quant trading firms like QCP and Primrose Capital Management, aims to significantly accelerate institutional adoption by making digital assets compatible with Wall Street's stringent risk management standards, unlocking unprecedented liquidity and efficiency. EUROPE ADVANCES REGULATORY CLARITY: The company Simplify Labs announced a key partnership with three major European fintech law firms. Their goal is to create a streamlined, one-stop shop for crypto businesses to launch in full compliance with Europe's landmark Markets in Crypto-Assets regulation, or MiCA legislation. This is significant because MiCA provides a clear, comprehensive legal framework for the entire European Union. By creating a ready-made compliant toolkit, this initiative aims to make Europe one of the most attractive regions for crypto entrepreneurs and established companies, reducing regulatory hurdles. BITCOIN LAYER ONE INNOVATION: A new challenge has been launched by a project called Torram to bring institutional-grade financial applications directly to Bitcoin's Layer One. For years, complex applications like lending platforms, decentralized exchanges, and stablecoins have typically operated on other blockchains like Ethereum. This new initiative aims to change that, offering 3M of its tokens to developers who can build these applications natively on Bitcoin itself, a move that could unlock trillions in value and profoundly transform what the original blockchain is truly capable of, broadening its utility. KRAKEN LAUNCHES GLOBAL MONEY APP: Kraken, a major global cryptocurrency exchange, has launched 'Krak,' their ambitious new all-in-one global money app, built entirely on crypto infrastructure. Kraken co-CEO Arjun Sethi states that Krak aims to fix the 'broken' traditional financial system, plagued by slow, costly, and opaque transactions. With Krak, users can instantly send and receive funds across over 160 countries using unique 'Kraktags,' and seamlessly transact across more than 300 assets – including fiat, crypto, and their stablecoin, USDG (USDG), which offers up to 4.1% APR. Built on permissionless blockchains, Krak emphasizes fast, borderless, and open financial services, eliminating traditional fees and delays. CRYPTO STOCK PLAYS: Publicly traded companies in the space include Bit Digital (BTBT), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Strategy (MSTR), Riot Platforms (RIOT) and TeraWulf (WULF). Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on COIN: Disclaimer & DisclosureReport an Issue Coinbase Global Stock (COIN) Hits All-Time High as Crypto Sentiment Remains Bullish Cathie Wood Offloads Roblox (RBLX) and Coinbase Stocks amid Strong Rallies Circle Internet Stock (CRCL) Could Face Pressure. Risk Factors to Watch Webull Corp ee-enters crypto market with launch in Brazil Barclays Bans Crypto Credit Card Purchases, but at What Cost? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
19 hours ago
- Business
- Forbes
How Blockchain Is Reshaping Commerce, One Wallet At A Time
Jamie Elkaleh is the Chief Marketing Officer at Bitget Wallet. In the world of shopping, blockchain is emerging as an undeniable game changer; from enabling faster, borderless payments to reducing fees and improving transaction efficiency, the possibilities are endless and exciting. One of blockchain's most remarkable capabilities is facilitating true democratization, empowering businesses and individuals: Web3 provides merchants with lower costs and eliminates reliance on banks, offering relief from geographic, political and regulatory complications. It functions transparently; everything is available on a public ledger, allowing businesses and consumers a clear view for navigating the digital economy. It creates access to digital-first customers, as well as an opportunity to "bank the unbanked," helping those traditionally excluded from financial services due to restrictive requirements. Blockchain wallets are no longer just a more sophisticated version of electronic money. They serve an array of real-world purposes beyond just storing assets: Users can earn interest, shop and send instant, low-cost borderless payments—especially for remittances, which are growing rapidly worldwide. With Web3 and blockchain, transactions that used to take days and involve high fees can now happen in seconds with much lower costs. Blockchain is opening a world of user-friendly payment alternatives that challenge traditional financial systems—offering solutions that are cheaper, faster and more accessible. Reducing Barriers To Entry Of course, there are obstacles to inclusion. One of the biggest is the technological learning curve. That's something our company is actively working to address by providing educational resources in local communities. Even with traditional banking, accessibility is an issue. More and more high-street banks are closing down, and the days of walking into a branch and speaking to someone in person are disappearing. Everything is moving online and becoming automated, or shifting to rely on AI chatbots. Consequently, we counter the argument that blockchain is 'too complicated' by asserting that even traditional finance is becoming harder to navigate for certain demographics. We believe strongly that putting technology directly into communities and making it as easy as possible to use is both a business and ethical imperative. Creating pathways for the comprehension and use of blockchain technology allows companies not only to expand their user base but also to help these users (for instance, by minimizing issues like chargebacks, since blockchain transactions are transparent and verifiable by anyone). Companies whose business is blockchain should consider the fact that in order to gain maximum buy-in, it's essential to upskill and educate users—particularly those in local constituent communities—on how blockchain can empower their daily lives. The mission cannot be merely about introducing people to 'your' proprietary technology; rather, it should be viewed as providing them with tools they can actually, meaningfully use for their own financial betterment. For our company, this has meant not just working with individuals but also onboarding merchants, so they can learn to accept digital payments and, in doing so, realize a huge gain (eliminating high banking fees, streamlining operations). By educating them, we're helping them increase profitability and expand their customer base. We believe this education is part of our role; our success relies on users understanding the potential of these solutions. Revolutionary Trust And Accessibility One of the reasons it's so important that individuals and merchants understand blockchain is that it has changed commerce dramatically—particularly the way people shop. Blockchain enhances trust between producers, merchants and consumers. Companies like Walmart and IBM are already using enterprise blockchain solutions to track their supply chains internally. The next step is making that information public—allowing consumers to verify a product's entire journey from production to purchase, allowing them to assess everything from freshness to authenticity to ethical sourcing. Blockchain is bridging the gap between digital currencies and everyday shopping. Millions of people worldwide already own digital assets; now, thanks to new infrastructure, they can spend them seamlessly, with some high-street banks now accepting digital currency deposits into traditional banking applications. Increasingly, companies at the vanguard want to take things a step further, enabling users to shop directly with their digital assets. They can use digital currency-backed payment cards, earn interest like a regular bank account, access cashback rewards and even take advantage of installment plans. Now, with integrations like Apple Pay, digital payments are becoming just as straightforward as traditional banking methods—something that wasn't possible in the recent past. Best Practices For Implementation One major challenge we've been grappling with is the stigma around Web3 and blockchain technology. Unfortunately, we've recently seen senior global leaders publicly discussing the space in ways that don't always align with its core principles. Web3 isn't just about speculation or meme coins; there are incredible builders in this space solving real-world problems with blockchain, such as providing financial access to millions of people who have been excluded from traditional banking systems. The focus should be on tangible solutions and real-world utility rather than just the headlines. For business leaders who are new to blockchain-based payments, we have some recommended best practices: 1. Start with pilot programs. Test blockchain integrations on a small scale before full implementation. Learn from the process and build solutions tailored to your organization's needs. 2. Educate and train your teams. Employees should understand both the opportunities and the risks of blockchain. Reducing resistance and increasing capability through education will ensure smoother adoption. 3. Acknowledge the stigma. There's no denying that digital currency, Web3 and blockchain still carry a certain air of disrepute. Breaking that down through transparency and education is important to diminishing that sensibility. 4. Respect regulations. Having a strong legal team ensures compliance and reduces risk, even in strict regulatory environments. 5. Focus on scalability. Any blockchain solution must be able to handle growth efficiently, or why bother? 6. Partner with experienced providers. While no one is a true 'expert' in such a rapidly evolving space, working with trusted, knowledgeable partners is essential (and can help sidestep many rookie mistakes). The Benefit Of An Open Mindset One of the difficulties faced by many blockchain startups (which we've dealt with several times, in our organization) is not yielding to the pressure to scale as quickly as possible. We have to remind ourselves sometimes that there's a benefit to prioritizing education and growing the wider space. We also strive to maintain an open mindset. We acknowledge that we exist in a space wherein competitors are aiming to do similar things to what we do; we have to remind ourselves that if a user comes in, likes the technology and then chooses to go with one of our competitors, that's still a win for the space as a whole. Obviously, we believe in our product and our services and hope that users will recognize the value we provide. However, the key to driving mass adoption is not just having people purchase your proprietary solution but encouraging people to explore and use the technology more broadly. If people engage with Web3, have a positive experience and share that experience, the entire ecosystem wins. Forbes Communications Council is an invitation-only community for executives in successful public relations, media strategy, creative and advertising agencies. Do I qualify?
Business Insider
a day ago
- Business
- Business Insider
Bitget Lists Sahara AI (SAHARA) for Spot Trading
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Sahara AI (SAHARA) in the Innovation Zone and AI Zone and added it to spot trading. Sahara AI (SAHARA) is the first full-stack, AI-native blockchain platform. Trading for the SAHARA/USDT pair began on 26 June 2025, 12:00 (UTC), with withdrawals available from 27 June 2025, 13:00 (UTC). Sahara AI is the first full-stack, AI-native blockchain platform empowering anyone to create, contribute to, and monetize AI development, making the future of AI more accessible and equitable. Built on the Sahara blockchain, the platform includes a Data Services layer for data collection and refinement, an AI Developer Platform for model creation and deployment, and a decentralized AI Marketplace for trading datasets, models, agents, and compute resources. Developed by Sahara Labs, the project is backed by trusted partners including Microsoft, Amazon, MIT, and Motherson Group. Bitget continues to expand its offerings, positioning itself as a leading platform for cryptocurrency trading. The exchange has established a reputation for innovative solutions that empower users to explore crypto within a secure CeDeFi ecosystem. With an extensive selection of over 800 cryptocurrency pairs and a commitment to broadening its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON. The addition of SAHARA into Bitget's portfolio marks a significant step toward expanding its ecosystem by embracing niche communities and fostering innovation in decentralized economies, further solidifying its role as a gateway to diverse Web3 projects. For more details on Sahara AI (SAHARA), users can visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.
Business Insider
a day ago
- Business
- Business Insider
Bitget Lists Moonveil (MORE) for Spot Trading
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Moonveil (MORE), adding it to spot trading. Moonveil is a full-stack Web3 gaming ecosystem. Trading for the MORE/USDT pair will begin on 27 June 2025, 12:00 (UTC), with withdrawals available from 28 June 2025, 13:00 (UTC). Moonveil is a full-stack Web3 gaming ecosystem that blends original and third-party games with publishing tools and a dedicated Layer 2 infrastructure. Anchored by a native L2 that supports multi-chain interoperability, Moonveil takes a product-first approach to deliver scalable, mid-core games powered by modular infrastructure and live operations. Its native token, $MORE, fuels the entire ecosystem, enabling seamless transactions, governance, in-game purchases, and asset exchanges. Designed to simplify blockchain interactions, $MORE ensures a smooth, immersive experience while incentivizing community growth and interoperability across the gaming network. The inclusion of Moonveil on Bitget's platform reflects the exchange's broader strategy of embracing niche communities and tapping into the growing momentum behind GameFi. This listing is not just an expansion of offerings; it's a nod to the cultural relevance of gaming in Web3 and Bitget's focus on supporting projects that foster real user engagement, decentralized entertainment, and long-term ecosystem growth. Bitget has consistently expanded its market share in spot and derivatives trading among centralized exchanges. With a focus on providing users with opportunities to invest in different projects, the platform is now one of the top 5 crypto trading platforms with over 900 assets, including tokens from ecosystems such as TON, Ethereum, Solana, Base, and more. For more information on Moonveil (MORE), users can visit here. About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, users can contact: media@ Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.
Yahoo
2 days ago
- Business
- Yahoo
For Altcoin Whales Trading May be Easier on Bitget Than Binance, CoinGecko Research Finds
Crypto whales looking to trade large orders in Solana's SOL SOL, dogecoin DOGE and XRP XRP might want to consider new research by Coingecko, which shows Bitget as the industry leader in altcoin liquidity, outpacing Binance. "CEX [centralized exchange] liquidity for the top 5 major crypto assets is generally healthy across various market depths, with Binance offering the most liquidity for BTC, while Bitget is the most liquid platform for altcoins within the 0.3%-0.5% interval," Coingecko's research said. The firm researched global order books for the top five coins, bitcoin BTC, ether ETH, SOL, XRP and DOGE, over the 61 days from March 19 to May 18. Liquidity reflects the depth and size of buy and sell orders at different prices, representing the ease of trading large orders without causing significant price changes. The standard measure of liquidity is market depth, which refers to the collection of buy and sell orders at different price ranges (e.g., within 0.3%-0.6 %, 1%, 5%, or 10%). A tight liquidity closer to the going market rate indicates lower slippage for traders. Slippage refers to the difference between the price at which a trade is expected to be executed and the actual price at which it is executed. Bitget's leadership stems from its infrastructure, Gracy Chen, CEO of Bitget, said in an email responding to the research. 'Altcoin liquidity is a measurement for market depth, and this ranking shows how far Bitget has come. Today, institutions drive 80% of our spot volume, futures activity from professional firms has doubled, and 80% of top quant funds trade on Bitget. Liquidity is infrastructure — and we're building it where the market needs it most," Chen said in an announcement shared with CoinDesk. In XRP's case, Bitget was dominant at the 0.3% (with a variance of $0.006) depth range, with Binance and Coinbase catching up at the 1% (with a variance of $0.006) depth level. A similar pattern was observed in SOL, where Bitget led major exchanges with a 32% share of liquidity at the 0.6% range, only to lose ground to Binance at the wider 2% level. Bitget was also the leader at small intervals in ETH and DOGE. However, for Bitcoin, Binance was the leader at all levels of market depth, with $8 million on both sides at a spread of $100 from the market price. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
