Crypto
CQG, NUTS Finance Launch Optio Research to Develop Institutional Cryptocurrency Infrastructure and Trading Solutions
Joint Strategic Funding Funds New Web3-based Innovation Lab
CHICAGO and SINGAPORE, Oct. 27, 2022 /PRNewswire/ — CQG, a number one international supplier of high-performance expertise options for market makers, merchants, brokers, industrial hedgers and exchanges, and NUTS Finance, a blockchain growth lab, introduced right now that they’ve simply launched “Optio Analysis,” a state-of-the-art Web3-based innovation lab centered on creating decentralized cryptocurrency infrastructure and buying and selling options for institutional traders. The initiative is the product of a joint strategic funding by CQG and NUTS Finance, designed to bridge the worlds of conventional finance (TradFi) and the fast-growing decentralized finance (DeFi) house, and leveraging the experience and expertise each corporations and their executives deliver to bear.
Main the newly established Optio are CQG executives Kevin Darby and Benjamin Soong, together with NUTS Finance co-founders Terry Lam and Daniel Tang. CQG CEO Ryan Moroney serves as a strategic advisor and member of the Optio Board of Administrators.
Moroney stated: “We’re really excited in regards to the launch of Optio. Positioning ourselves on the forefront of monetary expertise growth has at all times been an integral a part of CQG’s mission, and the corporate has been rigorously cultivating an growth technique to serve the rising demand for cryptocurrency as a brand new asset class for our present and potential purchasers. As extra institutional purchasers transfer towards Web3 blockchain-driven expertise, Optio provides CQG the chance to speed up our footprint and play a number one position within the fast-growing digital asset house. We’ve labored carefully with Terry and Daniel over the previous a number of years and have the utmost confidence within the mixed crew’s experience and execution capacity to rapidly set up Optio Analysis not solely as a trademark identify in DeFi and Web3 however as a dependable companion to the institutional investor neighborhood.”
Lam stated: “Over the previous couple of years, we have now seen the crypto market develop quickly. Nonetheless, it’s evident that the workflow and infrastructure for institutional traders continues to be at a nascent stage. By means of Optio, our partnership with CQG and collective expertise in derivatives buying and selling expertise and Web3 growth give us the chance to be market leaders in creating a variety of options that won’t solely enhance the present person expertise, but in addition act as a catalyst to speed up adoption into this rising asset class by conventional monetary establishments.”
Optio Analysis’s first main venture can be introduced within the coming weeks.
About CQG
CQG supplies the trade’s highest performing options for merchants, brokers, industrial hedgers and exchanges for his or her market-related actions globally, together with buying and selling, market knowledge, superior technical evaluation, danger administration, and account administration. The agency companions with the overwhelming majority of futures brokerage and clearing corporations and supplies Direct Market Entry (DMA) to greater than 45 exchanges by its international community of co-located Hosted Alternate Gateways. CQG expertise serves because the entrance finish for quite a lot of exchanges and is more and more employed because the over-the-counter matching engine for essential new markets. CQG’s server-side order administration instruments for spreading, market aggregation, and good orders are unsurpassed for velocity and ease of use. Its market knowledge feed consolidates 85 sources, together with exchanges worldwide for futures, choices, mounted earnings, international trade, and equities, in addition to knowledge on debt securities, trade stories, and monetary indices. One of many longest-serving expertise options suppliers within the trade, CQG has received quite a few awards for its buying and selling software program, technical evaluation and multi-asset buying and selling platform. CQG is headquartered in Denver, with 16 gross sales and help workplaces and knowledge facilities in key markets globally. For extra info, go to www.cqg.com.
About NUTS Finance
Organized in 2018, NUTS Finance is a blockchain growth lab centered on constructing safe, composable and open-source expertise to allow monetary purposes on the blockchain. NUTS Finance’s core crew consists of engineers, traders, cybersecurity consultants and established entrepreneurs. Rooted in an open, international and blockchain-agnostic method, NUTS Finance’s mission is to ship by a number of initiatives the working parts that may assist form the rising crypto financial system. www.nuts.finance
Emblem – https://mma.prnewswire.com/media/562279/CQG_Logo.jpg
Emblem – https://mma.prnewswire.com/media/1929173/NUTS_Finance_Logo.jpg
SOURCE CQG; NUTS Finance
Crypto
Experts celebrate promising new breed of cryptocurrency: 'Not only promises efficiency …'
An up-and-coming player in the world of cryptocurrency is looking to revolutionize the industry through its unique processes that highlight sustainability.
According to Be3, cryptocurrency XRP, developed by Ripple Labs, could have a “transformative impact on both finance and environmental sustainability” thanks to its unique consensus mechanism that does not require mining and uses a negligible amount of energy even as it scales.
It generates a minuscule amount of pollutants per transaction while producing 1,110 pounds of electronic waste and impacting just over 8 cubic miles of natural resources.
This approach separates XRP from its contemporaries, which often rely on the notoriously power-hungry proof-of-work systems and hulking mining centers that can destabilize the grid.
Statistics provided by TRG Datacenters show that XRP is the second-most eco-friendly cryptocurrency behind IOTA, consuming just 0.0079 kilowatt-hours per transaction. Comparatively, bitcoin ranks last at a staggering 707 KWh per transaction.
Furthermore, the cryptocurrency became the first major global blockchain to achieve carbon net zero by purchasing enough renewable energy to offset its minimal energy requirements, per the XRP Ledger.
Be3 also noted other features that make XRP an attractive option for institutions focused on environmental responsibility, as it takes just three to five seconds to settle at fractions of a cent per transaction.
It’s a welcome addition to a sector that desperately needs more sustainable options. A study by the International Monetary Fund found that crypto mines, in conjunction with artificial intelligence data centers, accounted for 2% of global electricity demand and 1% of carbon dioxide pollution in 2022.
The United Nations found that the bitcoin mining network used 173.42 terawatt-hours of electricity between 2020 and 2021, resulting in a carbon footprint equivalent to burning 84 billion pounds of coal.
Coal and natural gas also supplied 66% of the energy for mining operations during this period, polluting the planet with planet-warming gases.
Luckily, the sector has made significant strides in recent times in an effort to become more eco-friendly.
Alephium, which utilizes a proof-of-work blockchain, has partnered with Gigatons to implement a proof-of-less-work consensus that is significantly more energy efficient.
Meanwhile, Ethereum has transitioned to a proof-of-stake system that has cut its energy consumption by nearly 100%.
“In a world increasingly attentive to environmental impact, XRP’s innovative technology not only promises efficiency but also a greener future,” Be3 wrote.
Join our free newsletter for good news and useful tips, and don’t miss this cool list of easy ways to help yourself while helping the planet.
Crypto
ZIUM Launches to Revolutionize Instagram and Cryptocurrency Solutions
Zagreb, Croatia–(Newsfile Corp. – January 12, 2025) – ZIUM, a cutting-edge agency founded to tackle some of the most pressing challenges in social media and digital marketing, is now officially open for business. Specializing in Instagram username claims, account unbans, and cryptocurrency marketing, ZIUM has positioned itself as a trusted partner for individuals and businesses seeking innovative solutions in the digital age.
The agency operates at the intersection of technology, social media, and blockchain marketing, empowering clients to unlock their full potential online. With a dedicated team of experts and a results-driven approach, ZIUM is redefining the way people navigate the ever-changing online landscape.
ZIUM
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A New Era of Digital Problem Solving
ZIUM’s services address real-world challenges in today’s digital ecosystem. Instagram, one of the largest and most influential social platforms, has become a critical tool for personal branding, business promotion, and community engagement. However, issues such as unavailable usernames or unfair account suspensions can hinder growth and cause frustration. ZIUM steps in to provide solutions that are fast, efficient, and tailored to each client’s needs.
Additionally, ZIUM excels in cryptocurrency marketing, offering projects and startups a strategic edge in the fast-paced blockchain industry. By combining deep knowledge of crypto trends with cutting-edge marketing strategies, the agency helps blockchain projects stand out in an increasingly crowded market.
Core Services Offered by ZIUM
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Instagram Username Claims
In the crowded social media space, having the perfect Instagram username can make all the difference. Whether it’s for a brand, influencer, or business, ZIUM specializes in acquiring sought-after usernames to align with clients’ goals and identities. The agency handles the process from start to finish, ensuring a smooth and hassle-free experience. -
Instagram Account Unbans
Account suspensions on Instagram can be devastating, especially for businesses and influencers relying on the platform for engagement and revenue. ZIUM offers expert account recovery services, helping clients navigate Instagram’s policies to regain access to their accounts quickly and effectively. -
Cryptocurrency Marketing
The cryptocurrency space is highly competitive, and visibility is key. ZIUM provides end-to-end marketing strategies tailored to blockchain projects, ensuring they reach the right audience. From brand development to targeted campaigns, ZIUM helps crypto ventures grow and thrive in an ever-evolving market.
Crypto
Donald Trump Embraces Meme Coins—A Presidential First
Donald Trump is making news once more, but this time it’s not for political reasons; it’s about cryptocurrency. As he prepares to return as the 47th President of the United States, Trump will become the first sitting president to own meme currencies, a decision that has stirred both enthusiasm and skepticism in the crypto community.
Trump: A Significant Crypto Portfolio
Recent sources claim that Trump’s crypto wallet consists largely of meme coins and is valued roughly $8 million. Among the assets are $1.5 million in a meme currency with Trump-themed design and $5.5 million in TROG tokens.
In addition, he has about 1.3 billion GUA coins, which amounts to nearly $400,000, and $167,000 in TRUMPIUS tokens. This is a first of its kind, where Trump becomes an oddity in the world of politics and cryptocurrency, considering his earlier reluctance towards digital assets.
DONALD J. TRUMP WILL BE THE FIRST SITTING US PRESIDENT TO HOLD MEMECOINS pic.twitter.com/ODlNXDaKIT
— Arkham (@arkham) January 10, 2025
From Skepticism To Support
Trump’s journey into the crypto world is notable. He had been a strong critic of Bitcoin and other cryptocurrencies, calling them scams. But that all changed in 2024 when he started publicly endorsing Bitcoin and speaking out for the right to own it. That’s a broader trend among politicians, who are increasingly recognizing the potential of cryptocurrencies and their growing popularity among voters.
Trump’s financial success in the digital sphere was also aided by his venture into non-fungible tokens (NFTs) on Ethereum. Trump reportedly made a good living from these endeavors, and he currently owns roughly 496.77 ETH, which is worth about $1.6 million.
Implications For Regulation
Many people are eager to see how Trump’s administration will regulate cryptocurrencies now that he is back in office. A possible change toward a more advantageous regulatory climate for digital assets is hinted at by the nomination of important individuals like David Sacks as “Crypto Czar” and Paul Atkins as SEC chair. This could result in more precise rules for investors and businesses involved in the cryptocurrency industry.
Donald Trump. Image: Ronda Churchill/Reuters
The policies by Trump are already changing market dynamics as everybody is anxiously awaiting them. During this time when Bitcoin hit a record high of $108k, while meme coins surged, analysts still feel that Trump could make the year 2025 a major turning point in cryptocurrencies.
Meme Coin Boom
The rise of Trump-owned meme coins is indicative of a broader cultural shift among younger investors who are fed up with established financial institutions. This combination of the political influence of Trump and the speculative nature of meme coins puts a scenario under which political events could significantly affect cryptocurrency markets. Thus, while the investors go about this, they are not ignorant of the volatility that is usually associated with meme coins.
Featured image from Fortanix, chart from TradingView
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