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UBX Completes First Token Burn: 1,755,874 UBX Permanently Removed from Circulation

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UBX, a leading global digital asset trading platform headquartered on Wall Street, New York, has announced the successful completion of its first-ever token burn initiative.

February 1, 2025, New York, USA
As part of its tokenomics strategy, a total of 1,755,874.8757 UBX tokens have been permanently removed from circulation by transferring them to a designated “black hole address.” This milestone marks the official implementation of UBX’s deflationary mechanism, reinforcing the token’s value framework.

Details of the Burn

  • Burn Amount: 1,755,874.8757 UBX
  • Black Hole Address: 0x000000000000000000000000000000000000dEaD
  • On-chain Transaction Hashes:


https://bscscan.com/tx/0xfbb1e40bd2e3a06a81bbc3a89d246f7ddd0b4a1ad2ec3f73b0cd5dd946f4e845
https://bscscan.com/tx/0xbd45bb7e86a9ab4105977ea4fb43a139286b036a4615827a8a2e2c3ecf015b03

The entire process has been recorded on the blockchain, ensuring full transparency for UBX users who can independently verify the burn activity.

Strategic Importance of the Burn

With a daily trading volume exceeding $2 billion and a user base spanning 36 countries and regions, UBX is taking a significant step toward enhancing the scarcity and value of its token through this burn initiative.

By reducing the circulating supply, UBX aims to drive long-term value creation for token holders while fostering a virtuous cycle of growth for the platform ecosystem. The deflationary mechanism is designed to align with UBX’s trading volumes and profitability, supporting user acquisition, ecosystem vitality, and token appreciation.

CEO Statement

Reni Charif, CEO of UBX, commented:
“The first token burn represents a pivotal step in building a sustainable token economy for UBX. By leveraging both technological innovation and deflationary mechanisms, UBX is committed to solidifying its position as a benchmark for value storage in the digital asset space.

Moving forward, we will regularly disclose updates on token burns and refine our approach to ensure the community and investors benefit from the platform’s growth.”

Future Plans

UBX has outlined plans to periodically release detailed reports on future token burns and corresponding on-chain verification data. The platform will also adapt its strategy based on market feedback, further enhancing token utility and ecosystem vibrancy.

By integrating deflationary economics with robust platform growth, UBX is laying the foundation for a stronger and more sustainable digital asset ecosystem.

About UBX

UBX is a leading global digital asset exchange headquartered on Wall Street, New York, operating under U.S. MSB and Australian AUSTRAC regulatory licenses. UBX is dedicated to providing secure, transparent, and regulatory-compliant financial services, including spot trading, asset custody, and institutional trading solutions.

For media inquiries, please contact:

📩 [email protected]

🌐 https://ubx.one

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Cregis Partners with Banking Giant Bison to Bridge Traditional Finance and Digital Assets

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Hong Kong, March 4, 2025 – Digital asset infrastructure provider Cregis has joined forces with global banking leader Bison in a strategic partnership aimed at accelerating the integration of traditional finance and Web3 technologies.

The collaboration comes as financial institutions worldwide seek secure and compliant solutions for digital asset adoption.

The partnership will tackle three critical challenges facing the financial sector: digital asset custody compliance, cross-border payment efficiency, and settlement processes. By combining Bison’s extensive banking network with Cregis’s blockchain expertise, the initiative aims to develop enterprise-grade solutions that meet stringent regulatory requirements while delivering the benefits of distributed ledger technology.

“This partnership represents a significant milestone in the maturation of digital asset infrastructure,” said Shawn Yan, CEO of Cregis. “By working with Bison, we’re creating a bridge that allows traditional financial institutions to confidently participate in the digital asset economy while maintaining the highest standards of security and compliance.”

The collaboration includes the development of industry guidelines and technical standards, addressing a crucial need for standardization in the rapidly evolving digital asset space. The joint initiative will focus on practical solutions for institutions managing both traditional and digital assets, with an emphasis on regulatory compliance and risk management.

Market observers note that this partnership could accelerate institutional adoption of digital assets, particularly in Asia-Pacific markets where both companies maintain a strong presence. The collaboration comes at a time when global financial institutions are increasingly seeking ways to integrate digital asset capabilities into their existing operations.

The financial services industry is at a crucial inflection point. Bison’s partnership with Cregis combines the innovation of Web3 technology with the security and reliability of traditional banking infrastructure, delivering the best of both worlds to clients.

The first joint solutions are expected to be rolled out in Q3 2025, with a focus on institutional clients in Asia and Europe.


About Bison

Bison Bank is a fully licensed financial institution headquartered in Portugal and regulated by the European Central Bank. As the first European bank approved to offer crypto services, it is a pioneer in the industry.With a strong global network, Bison Bank operates in multiple countries and regions, including Hong Kong, Shenzhen, and Beijing, providing professional financial services worldwide. Holding licenses across key markets, it offers secure banking, crypto trading, and payment solutions.

Committed to bridging traditional finance and Web3, Bison Bank upholds innovation, compliance, and security, delivering trusted financial services on a global scale.

About Cregis

Cregis stands at the forefront of crypto infrastructure services, committed to providing secure, scalable, and user-centric solutions for digital asset management. Offering services such as the Self-Custody MPC Wallet, Wallet as a Service, and Payment Engine, Cregis empowers businesses to seamlessly integrate crypto capabilities into their operations. By prioritizing security through advanced multi-party computation (MPC) technology and offering flexible integration options, Cregis enables institutions to navigate the evolving digital finance landscape with confidence.

Media Contact:
[email protected]

Read More here:
https://businessnewsrelease.com/softswiss-partners-with-eduardo-barrichello-for-the-2025-fia-world-endurance-championship/

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SOFTSWISS Partners with Eduardo Barrichello for the 2025 FIA World Endurance Championship

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SOFTSWISS, a global technology provider for the entertainment industry, announces its partnership with rising motorsport talent Eduardo (Dudu) Barrichello for the 2025 FIA World Endurance Championship (WEC). Barrichello, part of the Racing Spirit of Leman team, will drive an Aston Martin Vantage AMR GT3 Evo.

This partnership continues SOFTSWISS’ ongoing collaboration with the Barrichello family, which began with the last-year appointment of F1 legend Rubens Barrichello as the company’s Non-Executive Director in Latin America. Now, SOFTSWISS supports the next generation of racing talent by sponsoring Eduardo for the challenging series of endurance events.

Valentina Bagniya, CMO at SOFTSWISS, comments: “Whether on the track or in the world of technology, success is driven by speed, precision, and teamwork. That’s why we are thrilled to partner with Eduardo Barrichello in the WEC. Building on our cooperation with Rubens Barrichello, we’re now backing a promising new racer who embodies the same competitive spirit. We can’t wait to see Eduardo take on some of the world’s most iconic tracks, and we look forward to cheering him on as he pursues success in this prestigious championship.”

The SOFTSWISS brand will be showcased on Eduardo’s suit, cap, and the car itself.

Eduardo Barrichello adds: “Racing in the FIA World Endurance Championship demands total concentration, strategic thinking, and a strong team around you. I’m really excited to represent SOFTSWISS, a company which shares the same mindset in the world of technology solutions. It’s an honour to continue the Barrichello legacy in motorsport while forging my own path with this incredible partner on board.”

The FIA World Endurance Championship is a globally recognised motorsport competition that tests the limits of both drivers and cars. The WEC’s calendar includes events on legendary circuits across the globe – none more prestigious than the 24 Hours of Le Mans, the world’s oldest active endurance race. Held annually since 1923, it’s a pinnacle of endurance racing, drawing top drivers and elite teams from around the world.

The WEC season kicks off on 28 February and features eight iconic events, including, among others, the Rolex 6 Hours of São Paulo and the 6 Hours of Fuji. 

About SOFTSWISS

SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the online entertainment industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing online entertainment projects. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employee.

The post SOFTSWISS Partners with Eduardo Barrichello for the 2025 FIA World Endurance Championship appeared first on Pinion Newswire.

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Apirone reviews 2024 performance and reports on the growth of crypto payments

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The Apirone cryptocurrency payment gateway recently published its performance review for 2024, shedding light on how crypto payments have been used across different sectors. The report highlights an increasing adoption of digital currencies, showing their versatility and growing acceptance in both online and offline businesses.

Digital goods and automation dominate the market

An impressive 89% of Apirone users rely on its platform for selling digital goods, making this segment the most prominent use case for crypto payments. Among the most popular applications are creating bots, automated solutions, and digital stores on social networks. These tools help entrepreneurs streamline operations, improve customer interactions, and simplify transactions, further solidifying cryptocurrency as a go-to payment method in the digital goods space.

Crypto payments expand to offline businesses

While the adoption of crypto payments in offline businesses is still not much widespread, it shows great promise. According to the report, 11% of Apirone users are already accepting cryptocurrency for physical goods and services. This segment includes small retailers, hospitality businesses, and other enterprises hoping to offer alternative payment options to their customers.

To support this growing market, Apirone introduced a cutting-edge solution: a cryptocurrency-enabled POS (Point of Sale) terminal. This innovative tool is designed for maximum simplicity and convenience. It can be launched from any smartphone, providing a lightweight and intuitive payment page that excludes unnecessary complexities. The system supports multicurrency transactions, making it an ideal solution for businesses looking to minimize risk while embracing crypto payments.

Looking ahead: the future of convenient payments

Aprione’s 2024 results demonstrate a clear trend — the demand for cryptocurrency payments continues to grow. Businesses are increasingly turning to automation to streamline operations and improve customer experiences.

As the industry evolves, Apirone plans to further enhance its solutions in 2025, catering to both digital and offline commerce. By opening new opportunities for entrepreneurs and expanding its range of services, Apirone is committed to shaping the future of cryptocurrency payments.

With an emphasis on convenience, flexibility, and innovation, Apirone aims to make crypto payments accessible to businesses of all sizes, ensuring their relevance in a rapidly changing financial landscape.

The post Apirone reviews 2024 performance and reports on the growth of crypto payments appeared first on Pinion Newswire.

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