Skip to main content

ACDX Receives Investment From Alpha Sigma Capital Fund

Alpha Sigma Capital, a self-described “pioneering digital asset fund investing in emerging cryptocurrencies and blockchain companies,” has partnered with ACDX, a new “cryptocurrency derivatives exchange company founded and lead by former OKEx COO, Andy Cheung,” according to a press release.

ACDX also completed a “private sale and launched a convertible note sale that is accessible on Uniswap. Following the private sale, ACDX saw increasing demand from its community regarding its governance token ACXT, which prompted the convertible note sale on Uniswap.”

This new exchange will plan to give off “innovative crypto derivatives and structured products,” some of which are completely unique to the current cryptocurrency market.

Andy Cheung, the Founder and Executive Chairman of ACDX, comments some thoughts on the matter:

“ACDX plays the role of a catalyst to foster the cryptocurrency industry development. On the cutting edge of financial technology, we innovate new products and create new markets to better connect traders and help grow projects’ communities.”

Enzo Villani, the CEO and Chief Investment Officer of Alpha Sigma Capital, also shares some thoughts:

“We’re excited to be partnering with the ACDX team and supporting the project and company. The crypto-derivatives market has grown into a multi-billion dollar industry and the Alpha Sigma Capital team recognizes that entrepreneurs like Andy Cheung who continue to set the pace for this burgeoning financial market.”



from InsideBitcoins.com https://ift.tt/3ij8DSD

Comments

Popular posts from this blog

ENS DAO delegates offer perspective on DAO governance and decentralized identity

AlphaWallet CEO and Spruce co-founder talk about their roles as contributors to the Ethereum Name Service following the project's recent airdrop. Earlier this month, the Ethereum Name Service, or ENS, formed a decentralized autonomous organization, or DAO, for the ENS community.  Cointelegraph spoke to two ENS DAO delegates who applied for the opportunity to represent the community and stay involved in the decision making process: Victor Zhang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce, a decentralized ID and data toolkit for developers. Zhang spoke about his experience as an external contributor to ENS and an early supporter since 2018. Zhang initially sought to help ENS by offering Alpha Wallet as a user-friendly tool for  resolving .eth names and cryptocurrency wallet addresses. Essentially, if a user inputs an .eth name in the AlphaWallet, it will show the wallet address, and vice versa using reverse resolution. Alpha...

How Social Platform Chingari is Using Web 3.0 to Transform the Traditional Way We Use Social Media

The world is changing. This isn’t news to anyone, but sometimes it is nice to realize that—contrary to news headlines—not all the change is bad.  In fact, the last decade has seen so much innovation and so many improvements to technology that even 2015 seems like a different world.  Internet speeds, connecting with anyone globally (for free), and our ability to reach large groups of people without a middleman is nothing short of revolutionary. When it comes to technology evolution, this often happens with different iterations.  Once a system is mature, there’s a better idea of what we would like to change and improve.  We go back to the drawing board, target our creative minds at the issues, and create a new version that has evolved to better meet our needs.  The Internet has followed this model since its inception, evolving through three distinct stages.  We are only at the cusp of the third stage, called Web 3.0, with technologies such as blockchain and ...

INX submits bid for Voyager Digital's assets

FTX US won a $1.4-billion bid to purchase Voyager’s assets in September, but with the firm filing for bankruptcy, the funds were once again up for grabs. Trading platform INX has submitted a bid for an undisclosed amount to purchase the assets of crypto brokerage firm Voyager Digital. In a Nov. 30 announcement, INX said it had sent a non-binding letter of intent for Voyager’s assets following the platform filing for bankruptcy in July. According to INX CEO Shy Datika, the bid was aimed at providing “credibility, technology, and unique regulatory positioning” for Voyager users seeking stability in a volatile market. Voyager’s original bankruptcy filing from the Southern District Court of New York suggested the firm could owe between $1 billion to $10 billion to more than 100,000 creditors amid a bear market and exposure to Three Arrows Capital. In September, FTX US won a $1.4-billion bid to purchase Voyager’s assets, but with FTX Group itself filing for bankruptcy in November, th...