Beijing-Run CBEX Denies Links to Same-Named Crypto Firm
A government-run equity exchange in Beijing, China Beijing Equity Exchange (CBEX), has publicly stated that it has no connections to the overseas crypto company CBEX Group, which shares its abbreviated English name. The China Beijing Equity Exchange is a bourse run by the municipal government of Beijing for trading stakes in state-owned enterprises. It clarified that it has no connection to CBEX Group and has never carried out any trading activity related to virtual assets. The company also warned that it owns all rights to the CBEX trademark in China and will take action against any organization or individual illegally using the name.
Bracket Labs Integrates Passage on BNB Chain Following $2M Pre-Seed from Binance Labs
Bracket Labs has announced the integration of its trading product, Passage, with BNB Chain. This integration expands Bracket’s one-click trading platform to the most active trading blockchain in Decentralized Finance. Passage is Bracket Labs’ flagship product designed to simplify on-chain volatility trading. It delivers a new volatility model for any market condition, enabling traders to navigate volatility and trade based on sideways or trending markets without bias for price direction. With access to increased liquidity and improved pricing, Bracket Labs aims to innovate on traditional financial instruments and deliver a leveraged trading product for volatility that is ideal in both sideways and trending markets.
Wirex Partners with Gateway.fm to Scale Its ZK-powered WPay Network
Digital payment platform Wirex has announced a strategic collaboration with Gateway.fm to improve the scalability and efficiency of its WPay Decentralised Payment Network. By utilizing Gateway.fm’s PaaS, Presto, Wirex aims to scale its Zero-Knowledge (ZK)-powered WPay platform. The implementation of Presto is expected to enhance transaction throughput, decrease strain on the Ethereum mainnet, enable faster transaction processing, reduce costs, and increase network capacity while maintaining security. This partnership is a practical step towards making decentralized payments more seamless and efficient for everyone involved.
Hot Take: Beijing-Run CBEX Denies Links to Same-Named Crypto Firm
In today’s crypto news, China Beijing Equity Exchange (CBEX) has clarified that it is not connected to CBEX Group, an overseas crypto company with a similar name. The equity exchange operates under the municipal government of Beijing and trades stakes in state-owned enterprises. It warned against the illegal use of its trademark and emphasized that it has never engaged in any trading activity related to virtual assets. This clarification comes amidst China’s ban on crypto-related activities. It remains unclear what prompted this statement from CBEX, but it serves as a reminder of the strict regulations surrounding cryptocurrencies in China.
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