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JPEX Announces Partnership Extension with Western Sydney Wanderers

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JPEX Announces Partnership Extension with Western Sydney Wanderers

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PRESS RELEASE. JPEX, a licensed digital bank designed to enable the buying and selling of virtual and digital currencies, has announced its partnership extension with the Australian-based football club, Western Sydney Wanderers. This contract renewal will see the crypto trading platform continue providing needed support to the A-League team until the end of the 2022/2023 footballing season.

In addition to this partnership extension, JPEX recently launched the “Fix the Money, Fix the World” marketing initiative starring Kusini Yengi, Tomi Mrcela, and Lawrence Thomas—Western Sydney Wanderers players. Speaking about this campaign and the extension, Scott Hudson, CEO of the A-League football club, reveals that he is delighted with both announcements, and he’s looking forward to more support from JPEX in the forthcoming football seasons.

After a year’s partnership with the Wanderers, we found that it was an amazing start to our relationship with the club doing everything they could to promote us to their Western Sydney community,” Vincent Le, JPEX’s General Manager, states about this partnership. He further encourages the home fans to rally behind the team and JPEX from now until the end of the season.

JPEX’s Crypto-focused Ads

JPEX has also partnered with the Australian-based team to create and launch a cryptocurrency-tailored ad to drive JPEX’s influence further and, in turn, accelerate global crypto adoption. Besides the live viewing of all Wanderers’ football games for the 2022/2023 season, this recent collaboration will see the digital trading platform try to incorporate generic cryptocurrency phrases like “TO THE MOON” and “HODL” into the world of football.

JPEX, through this crypto-focused advert, hopes to get the regular football fan acclimatized with basic yet essential cryptocurrency words and their meanings. The first advert—HODL—is brought to life by the Wanderers’ goalkeeper, who refuses to let go of the ball. Similar to the crypto space, the goalie is holding on to the ball for his life, comparable to how a crypto owner holds a token in the bear season.

With sublime success recorded thanks to these marketing campaigns, JPEX hopes to continue partnering with various brands as it seeks to become a household name in the crypto space. One such partnership is with Simplex by Nuvei, which will see the digital trading platform build and launch physical crypto-friendly cards to facilitate a host of transactions for JPEX users.

About JPEX

JPEX is a recognized and licensed digital trading bank that aims to offer users a reliable, safe, and secure platform to trade all kinds of cryptocurrencies. With many partnerships and collaborations, JPEX seeks to widen its global crypto reach while solidifying its stance as one of the most innovative and revolutionary crypto trading infrastructures in the trillion-dollar market.

Social Contact

Facebook: https://www.facebook.com/JPEX-Japan-Exchange-100535999063470

Twitter: https://twitter.com/exchangejpex

YouTube: https://www.youtube.com/channel/UCeslqL2jMg1kBYR1Fqua3Qw

Discord: https://discord.com/invite/jpex

Instagram: https://instagram.com/jpex_official?igshid=YmMyMTA2M2Y=


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Grayscale Launches New Investment Product While Bitcoin Trust Crashes to 35%

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Grayscale Launches New Investment Product While Bitcoin Trust Crashes to 35%

Grayscale Investments is offering investors an opportunity to invest in Bitcoin mining hardware in the bear market.

The new investment opportunity, called the Grayscale Digital Infrastructure Opportunities LLC (GDIO), is now open to qualified individual and institutional investors, even as the asset manager allows ETF-related court proceedings to run their course.

Grayscale putting capital to work

Grayscale will use investor capital from the GDIO to buy mining hardware for a minimum of three years. It will use the hardware to mine and subsequently sell bitcoin. Mining is the energy-intensive process undertaken by a computer network to create a new transaction block and verify it. The node in the network that creates the block is known as a miner. A miner is rewarded in bitcoin for his effort, which typically requires large amounts of cheap electricity and computing power.

Part of the proceeds Grayscale will earn from its efforts will be paid out quarterly to GDIO investors.

“Grayscale’s unique position at the center of the crypto ecosystem enables us to create offerings that allow investors to put capital to work through differing market cycles,” stated Michael Sonnenshein, Grayscale’s chief executive.

GDIO represents another way the company has sought to provide investors with exposure to bitcoin without directly holding the asset.

Investors can also purchase shares from its GBTC trust and gain exposure to bitcoin through Grayscale’s legally regulated business in the U.S.

But Grayscale has a problem. Because investors cannot redeem shares in the trust for bitcoin, the price per share has dropped drastically, trading at a discount of 35% to its Net Asset Value. 

At the close of the trading day on Oct. 5, shares were trading at a shade over $12, despite being backed by $18.45 worth of bitcoin.

To mitigate this discount, Grayscale has pursued the conversion of GBTC into a spot bitcoin exchange-traded fund, which has so far been unsuccessful. The U.S. Securities and Exchange Commission denied the company’s latest application in June 2022, prompting Grayscale to pursue legal action against the federal agency. 

Nic Carter of Castle Island Ventures, a venture capital firm focused on early-stage public blockchain startups, said that Grayscale could wind down the ETF:

watching the GBTC discount. looks like ATL at -35%. on top of discounted spot BTC. paths to breaking open the piggy bank: SEC can approve ETF conversion, or Grayscale can wind down the trust themselves if they so choose.

— nic carter (@nic__carter) June 17, 2022

The SEC maintains that spot bitcoin ETFs are prone to underlying market manipulation.

Grayscale undeterred by SEC rejection

Despite consistent resistance from U.S. regulators, Grayscale launched its first European ETF in May 2022, which tracks the Bloomberg Grayscale Future of Finance Index, offering customers exposure to institutions at the crossroads of finance, technology, and cryptocurrencies.

Grayscale raised investors’ eyebrows recently when it announced that it had applied with the SEC to distribute 3 million ETHPoW tokens that were distributed to all Ethereum (ETH) holders after the controversial proof-of-work fork went live. 

At the time, Grayscale said it was seeking the rights to sell the tokens and pay out shareholders. 

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Colorado is accepting crypto for tax payments — it could be a mess or a shining example

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Colorado is accepting crypto for tax payments —  it could be a mess or a shining example

Colorado is now accepting crypto for tax payments — but if you choose to use that option, it could change the amount you owe…
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BNB Chain confirms BSC halt due to ‘potential exploit’

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BNB Chain confirms BSC halt due to ‘potential exploit’

Rumors of a significant hack on the BNB Chain were confirmed by the blockchain’s team, with all deposits and withdrawals suspended on the network…
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