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Cryptocurrency derivatives exchange Bitget sponsors Juventus as the first manga partner

Singapore-based cryptocurrency derivatives exchange Bitget has announced a partnership with Juventus to become their sponsor. As part of the agreement, Bitget will act as the official partner of Juventus and official exchange partner for cryptocurrencies, as well as the first Manga partner.

Juventus Turin was founded in 1897 and is one of the most prestigious and award-winning football clubs in the world. It was the first club in football history to win top international trophies with 38 Serie A titles, 2 Champions League titles and 3 UEFA cups.

Juventus is one of the ten best football clubs in the world with elite players like Chiellini, Morata, Dybala and Bonucci. In addition, legendary players such as Nedved, Buffon, Zidane, Del Piero, Montero, Baggio and Cristiano Ronaldo have played for the club, making it one of the most important and successful clubs in Europe and the world. “Bitget was looking for outstanding partners from the world of sport and the gaming community.

Juventus has fought hard over the past century and demonstrated the fair and anticipated competitive spirit in the sport.” Bitget shares the same spirit and is committed to the Better Trading Better Life mission and is committed to providing liberal, definitive and fair trading in cryptocurrency services to users around the world.

The partnership will help Bitget improve our international reputation, ”said James Lee, Director of Global Strategy at Bitget.

“It is a pleasure for us to welcome Bitget as the first Juventus Sleeve member and to help them raise their profile with our fan base around the world. We will work together on a global level and support the partner’s international growth path by building on a shared desire to reach a growing audience. said Giorgio Ricci, CFO of Juventus.

Bitget was founded in July 2018 and is considered one of the fastest growing cryptocurrency derivatives exchanges in the world, supporting futures trading, spot trading and buying coins. Digital assets.

It has 1.6 million registered users in 48 countries and regions including the UK, France, Italy, South Korea, Japan and Russia. As a platform seeking the best service and innovation, Bitget pioneered the launch of three flagship products: USDT Margin Futures, One Click Copy Trading, and Quanto Exchange Futures. With this unique performance, it has become the most popular platform among users. With an average daily trading volume of $ 5.6 billion, Bitget is the sixth largest derivatives exchange in the world and the largest cryptocopy trading platform, according to CMC data.

It is an undeniable trend that the sport is increasingly linked to cryptocurrencies. Conventional cryptocurrencies such as Bitcoin are accepted as a means of payment by many sports platforms. As the global pandemic increases the demand for digital solutions, digital currency use cases have rapidly evolved, replacing some of the traditional features.

“The cross-border cooperation is fascinating. I am very excited about the clash of thoughts between the crypto industry and the world of sports. We are currently looking into further opportunities with Juventus.

In addition, registration for our King’s Cup Global Invitational opens on October 20th. The competition offers a prize pool of up to 100 BTC. Stay tuned for more information. Bitget Global Strategy Manager has been added.

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Yellow Card African Cryptocurrency Exchange Closes $ 15 Million Series A

Africa has become a stronghold for the adoption of cryptocurrencies. Venture capital seeks to capitalize on the growing trend.

The Yellow Card African cryptocurrency exchange has closed a $ 15 million Series A fundraiser led by some of the largest blockchain venture capital funds, highlighting the potential for growth in digital assets on the continent.

The fundraiser, which has been described as the largest ever by an African cryptocurrency exchange, will allow Yellow Card to expand its operations in Africa and attract new talent, the company said on Monday. Series A came about a year after Yellow Card successfully raised $ 1.5 million from various investors.

The investment round was led by Valar Ventures, Third Price and Castle Island Ventures with additional participation from Square, Inc., Blockchain.com Ventures, Coinbase Ventures, Polychain Capital, BlockFi, MoonPay and others.

Yellow Pay was launched in 2018 in Nigeria before expanding its operations across the continent. Currently, its headquarters are in Atlanta, Georgia, although the main focus of the company appears to be the creation of a Pan-African cryptocurrency platform.

Africa continues to be a major source of growth for the cryptocurrency market as locals find new ways to fight inflation, tight exchange rate policies, and capital controls. Peer-to-peer trading platforms like Paxful have seen significant growth in Nigeria after the central bank decided to block remittances in the local naira currency. As Cointelegraph reported, Nigeria’s Quidax cryptocurrency exchange reported more than $ 3.2 billion in lifetime transactions through May, underscoring the rapid adoption of cryptocurrencies in the country.

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Canadian regulators have issued guidelines for crypto companies that warn against “gambling style” advertising and marketing.

“Misleading advertising and inappropriate marketing strategies can encourage investors to take risks that they would normally avoid,” said Louis Morisset, president of CSA.

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have issued guidelines for cryptocurrency trading platforms operating in the country to avoid “publicity material. and marketing that could mislead investors ”.

In a September 23 statement, guidelines from Canadian regulators warn crypto companies not to announce “play style” promotions that require an investor to register within a certain timeframe to enjoy a reward or reward. an opportunity. . Although guidelines on restrictions on social media posts appeared vague, regulators recommended that trading platforms designate a person to review and approve communications and put in place a system to ensure that all posts are made. comply with regulatory guidelines. .

“Misleading advertising and inappropriate marketing strategies can lead investors to take risks that they would normally avoid, and failure to comply with the requirements of securities law and IIROC rules can raise concerns about the relevance of an encrypted negotiation platform for registration ”, declared the president of the CSA, Louis Morisset.

Some of the seemingly egregious examples provided by regulators are exchanges that suggest they are registered under applicable securities laws or approved by regulatory authorities. The CSA and IIROC have encouraged trading platforms to consult with their legal teams before advertising and marketing communications are made public.

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PayPal launches new consumer app for cryptocurrencies, savings and direct deposit

PayPal has announced the launch of a new app designed to be a one-stop-shop for all digital payment needs of customers of the company’s customers.

As Cointelegraph reported, PayPal CEO Dan Schulman announced in July that the company’s super app was ready to launch in the United States.

According to a press release on Tuesday, PayPal’s new app will give users access to all of the company’s digital financial products. The new app covers both encrypted and unencrypted use cases with a wallet tab to manage crypto payments and savings with high returns.

In fact, PayPal’s announcement included a partnership with online banking Synchrony Bank to provide a high-yield savings account through the new app.

As part of the announcement, the digital payments giant said customers could earn an annual return of up to 0.40% on their savings with the new app as part of the announcement.

Customers can also transfer earnings from their savings account to PayPal balance to use when shopping online. Other features mentioned are bill payments, refunds and discounts, as well as direct deposits. The latest feature will reportedly allow customers to receive payments two days earlier.

Related: PayPal Users Can Withdraw Cryptocurrencies to External Wallets PayPal also announced plans to add more features to the app in the coming months, including offline QR code payments and investment opportunities.

In August, Cointelegraph reported that PayPal was considering a foray into retail.

The announcement of the new client app comes just days after the company launched crypto trading for users in the UK.

Schulman has already argued that digital payments will be even more so, stating in December 2020 that the time is right for widespread adoption of cryptocurrencies.

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Over 1,000,000 Salvadoran Citizens Are Now Using Bitcoin Within Days After Making Legal BTC Offers

Bitcoin (BTC) is being adopted en masse in El Salvador just days after the Central American nation made the standard legal tender for cryptocurrencies.

President Nayib Bukele told 2.9 million of his Twitter followers that 1.1 million Salvadorans are already using Chivo, the country’s official Bitcoin wallet operated by BitGo.

“1.1 million Salvadorans are already using the Chivo wallet (and we still have to activate 65% of the phone models). It seems that we can deposit more people in a month than we can nationalize and privatize traditional banks in 40 years. Bitcoin ” El Salvador made history after becoming the first country to officially introduce Bitcoin on September 7. The country has promised its citizens $ 30 BTC, as well as the optional use of the Chivo wallet.

Chivo’s registration was recently discontinued and the wallet had to go offline outside of peak hours to fix technical issues. Now Bukele says that the app is fully functional. “1. The application is already working 100% 2.

Now also available for download on all Blu, Xiaomi, Motorola, TCL and ZTE models. Bukele adds that he sees “strong demand” for Chivo’s portfolio. “There has never been such a massive digitization project in El Salvador. I even believe that I have never had a national digitization project. Every hour we have twice as many new users as the participants against the march.