Latest news with #EricAnziani
Associated Press
02-06-2025
- Business
- Associated Press
BTCS Inc. Utilizes Crypto.com and Acquires 1,000 ETH, Expanding Ethereum Holdings to 13,500 ETH
Silver Spring, Maryland--(Newsfile Corp. - June 2, 2025) - BTCS Inc. (NASDAQ: BTCS) ('BTCS' or the 'Company'), a blockchain technology-focused company, today announced the acquisition of 1,000 Ether (ETH) for approximately $2.63 million. This acquisition was primarily acquired from Exchange, institutional-grade offering. As of June 2, 2025, BTCS holds approximately 13,500 ETH, up from 9,063 ETH at the end of Q1 2025-an increase of approximately 50%. 'Ethereum remains at the core of our blockchain infrastructure strategy,' said Charles Allen, Chief Executive Officer of BTCS. 'Our expanding ETH position is not simply a treasury play-it's a strategic byproduct of our NodeOps and high-growth Builder+ activities. We are focused on building highly scalable, revenue-generating infrastructure. This complementary approach not only delivers the benefits of a digital asset treasury strategy but also unlocks long-term growth potential that goes far beyond mere price appreciation. We believe this dynamic model is uniquely positioned to maximize shareholder value over time.' 'In line with our mission to maximize strategic value from every ETH purchase, " added Charles Allen, CEO of BTCS, " We have utilized institutional offering, the Exchange. By tapping into their deep liquidity and specialized execution capabilities, we are reducing slippage and optimizing capital deployment across our blockchain initiatives. This initiative complements our treasury and infrastructure strategy by ensuring every ETH acquisition is not only tactically sound but also cost-efficient, reinforcing our commitment to shareholder value.' The Exchange, established in 2019 and launched in the U.S. in 2024, is offered for advanced, VIP and institutional users, and provides users a technologically advanced crypto trading platform featuring deep global liquidity and ultra-low latency. The Exchange is the world's leading USD support exchange by spot market volume. The Exchange is a truly comprehensive offering — including spot trading, margin trading, derivatives, OTC trading, and more. 'The Exchange was purpose-built to offer institutional and advanced clients with the industry's premier cryptocurrency trading experience, with deep global liquidity and the leading tech stack,' said Eric Anziani, President and COO of 'We are proud to partner with BTCS in its cryptocurrency acquisition strategy and to serve them through their continued crypto reserve journey.' About BTCS: BTCS Inc. (NASDAQ: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its blockchain infrastructure operations. BTCS has honed its expertise in blockchain network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting About Founded in 2016, is trusted by more than 140 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem. Learn more at Forward-Looking Statements: Certain statements in this press release constitute 'forward-looking statements' within the meaning of the federal securities laws, including statements regarding building highly scalable revenue generating infrastructure, the benefits of a digital asset treasury strategy, optimization from utilizing institutional offering, maximizing shareholder value, and driving long-term value for shareholders. Words such as 'may,' 'might,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'estimate,' 'continue,' 'predict,' 'forecast,' 'project,' 'plan,' 'intend' or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues (including, but not limited to, potential SEC enforcement actions, regulatory changes, and state regulatory requirements), cybersecurity risks, technological challenges, market adoption risks, changes in blockchain protocols, continued volatility in the cryptocurrency markets, smart contract risks, and other risks inherent to blockchain technology and cryptocurrency operations, as well as risks set forth in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events, or otherwise, except as required by law. For more information, follow us on: Twitter: LinkedIn: Facebook: Investor Relations: Charles Allen - CEO X (formerly Twitter): @Charles_BTCS Email: [email protected] [ This image cannot be displayed. Please visit the source: ] To view the source version of this press release, please visit
Fintech News ME
13-05-2025
- Business
- Fintech News ME
Dubai to Accept Cryptocurrency for Government Service Payments
Dubai's Department of Finance (DOF) has signed a MoU with to enable the payment of government service fees using digital currencies. The initiative marks a step forward in Dubai's move towards digital finance. The signing took place during the Dubai FinTech Summit at the Dubai International Financial Centre, where both DOF and are participating. This partnership supports the Dubai Cashless Strategy by introducing cryptocurrency as a digital payment option for government services. It is intended to enable secure and efficient financial transactions and support the transition towards a cashless society. The system will allow payments using stable digital currencies, with funds converted to Emirati dirhams and transferred to DOF accounts. Abdulla Mohammed Al Basti, Secretary General of The Executive Council of Dubai, stated, 'As a global leader in digital transformation, the emirate is further strengthening its position by deploying the latest secure financial technology solutions that support its cashless strategy, streamline government transactions, and foster innovation in financial services.' Eric Anziani, President and COO of said: 'We are proud to be selected to support Dubai's Department of Finance as part of this initiative, which will see enable the delivery of the first comprehensive and holistic Government-wide implementation of payment digitisation.' According to estimates, the Dubai Cashless Strategy is expected to contribute at least AED 8 billion annually to the local economy, through the growth of fintech services and the expansion of the sector. Once the technical systems are in place, individuals and businesses will be able to pay for government services using digital wallets. The platform will convert the digital payments into dirhams and transfer them to DOF accounts.
Zawya
15-04-2025
- Business
- Zawya
Ammar bin Humaid receives Group President of Crypto.com
Ajman, United Arab Emirates – His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, received Eric Anziani, Group President and COO of one of the world's largest digital asset platforms. As the meeting started, His Highness praised the prominent position as one of the world's leading institutions in fintech and digital economy. Sheikh Ammar affirmed Ajman's commitment to strengthening partnerships with leading companies in cutting-edge technologies, in line with its vision for digital transformation and further enhancing the performance of the emirate's vital sectors. The meeting encompassed several discussions pertaining to developing digital infrastructure and exploring potential strategies to deploy expertise in financial innovation and digital currency trading. The discussion addressed the importance of leveraging data and modern technologies to support the business ecosystem and boost the digital economy, in line with Ajman Vision 2030, which aims to build an advanced digital future that enhances the quality of services provided in the emirate. During the meeting, His Highness Sheikh Ammar emphasized the instrumental role of the private sector as a strategic partner in the development process, highlighting that the private sector contributes a fundamental pillar to the emirate's innovation and economic growth. His Highness the Crown Prince of Ajman was briefed on the company's most prominent projects and regional experiences, particularly in the Gulf region, and its anticipated role in supporting government and private institutions in adopting advanced digital solutions that contribute to the development of services and enhance readiness for future transformations. For his part, Mr. Eric Anziani expressed his sincere gratitude and appreciation for the warm welcome, commending the forward-looking vision adopted by the Emirate of Ajman in the field of modern technology. He affirmed enthusiasm to support the emirate's plans for digital transformation through innovative projects and initiatives that align with future requirements. Ajman continues to consolidate its position as a regional center for innovation, launching a range of smart projects and providing a stimulating legislative environment that reflects the synergy between the leadership's vision and the entrepreneurial spirit that characterizes both the public and private sectors. The meeting was attended by Sheikh Rashid bin Ammar bin Humaid Al Nuaimi, Vice President of Ajman Sports Club; His Excellency Dr. Marwan Obaid Al Muhairi, Director General of the Emiri Court in Ajman; His Excellency Yousef Al Nuaimi, Director General of the Department of Protocol and Hospitality; Mohammed Al Hakeem, Regional Director of in the Middle East; and a number of senior officials in the emirate, along with representatives of the company. About the Government of Ajman Media Office Established under the visionary leadership of His Highness Sheikh Humaid bin Rashid Al Nuaimi, Member of the Supreme Council and Ruler of Ajman, the Ajman Media Office was established to enhance Ajman's global media footprint and solidify its strategic influence. The Office plays a central role in promoting transparency by providing reliable and accessible information on government projects and initiatives. It showcases Ajman's innovative spirit and achievements, supporting its progress and strategic ambitions. With a sustainable and dynamic media policy, the Office enables seamless navigation of the rapidly changing media landscape. The Office is the architect behind a comprehensive government media ecosystem, crafting and executing media policies and strategies that embody our nation's core values, amplify our national identity, and solidify our position as a global media leader. Serving as the central hub for media engagement, the Office also delivers impactful projects and initiatives, ensuring local and international outlets are provided with timely and accurate news, event coverage, and insights into government achievements. Beyond delivering information, the Office is dedicated to fostering knowledge and enhancing community understanding of the UAE's governmental advancements and transformative projects. The Office also streamlines and oversees media content related to local government initiatives across various domains, ensuring alignment and consistency that reflect the vision and aspirations of Ajman, enhancing its esteemed reputation both nationally and internationally.
