In an era where decentralized finance (DeFi) promises revolutionary, permissionless, and credit-check-free access to financial services, the limitations to its application lie in the narrow range of digital assets it encompasses. But industry pioneers are working to widen its scope by introducing real-world assets (RWAs) to the digital realm. For instance, in collaboration with the Hong Kong Monetary Authority (HKMA), Ripple is embarking on a research project to try and tokenize real estate. This venture was made public about seven weeks ago as part of a broader initiative, the digital
As the grasp of regulators tightens on the global cryptocurrency market, exchanges such as KuCoin are being compelled to implement mandatory pre-purchase checks. In tandem, several prominent banks are limiting funds transferred to cryptocurrency exchanges under the guise of protecting customers from fraudulent activities. In the background, the Financial Action Task Force (FATF) is looming over these rapidly evolving regulations. The FATF underscores the significance of Know Your Customer (KYC), Know Your Business (KYB), Know Your Transaction (KYT), and Anti-Money Laundering (AML) regulations applicable to all financial transactions, cryptocurrencies included.
Even in the Age of Social Media, Press Releases are still an important tool for businesses of all sizes to grow their brand awareness, improve media relations, and to build consumer confidence, and should continued to be used to announce new products or services, promote events, or share other newsworthy information about the company. Key benefits of using press releases to grow your business: Increase brand awareness: Press releases help you reach outside your Social Media subscriber base to a wider audience and introduce your brand to new potential customers.
Amidst the market’s recovery from the recent onslaught of SEC crackdowns, rumors swirl over the potential targeting of stablecoins in their crosshairs. Such a move could have profound implications for cryptocurrency prices, making it crucial to gauge the likelihood of this scenario and the approach regulators might adopt. The largest stablecoins by market cap are Tether’s USDT and Circle’s USDC. Both are pegged to the US dollar and backed by various assets, typically highly liquid instruments like US Treasury bills. In theory, when someone wants to buy stablecoins from an
In a pivotal moment for crypto, recent news that BlackRock and others such as Fidelity have filed for spot Bitcoin ETFs propelled BTC to a yearly high of just under $31,700. What does the arrival of these significant players mean for the future of crypto? For years, the prospect of a Bitcoin ETF approval in the United States has been shrouded in uncertainty. However, the tides are turning this time, as the involvement of industry giants like BlackRock hints at a higher likelihood of approval. Deniz, our CEO, echoes this
For Immediate Release June 19, 2023 LAS VEGAS, NV - BREATHE! Convention, a leading event in the emerging tech space, proudly announces a groundbreaking endeavor to set a new Guinness World Record with the creation of the World’s Largest Communal NFT, during its upcoming convention in Las Vegas from September 13 to 15, 2023. At the heart of this year's convention is a monumental collaborative art project spearheaded by tech industry veteran and creative thinker, Aaron Vick. Known for his innovative digital art pieces, Aaron Vick will facilitate the creation
June 13, 2023, New York City, NY. MC Identity Solutions Inc. (MC5) today announced the creation of the .bold blockchain top-level domain (bTLD) for use as LifeStyleMD’s rewards program account identifier. It marks the first time any powdered drink provider has used a decentralized ID (DID) for account naming in a rewards program and will form the basis of LifeStyleMD’s Web3 push for providing its users with a variety of decentralized applications and benefits. LifeStyleMD has been developing its line of electrolyte and vitamin-rich blends of powdered drink mixes to
Washington, DC – June 11, 2023 - TapestryX, a layer one blockchain solution, has achieved the venerated distinction of being rated as a Trusted Blockchain Solution for the Banking, Financial Services, and other industries. The Government Blockchain Association (GBA) conducted the evaluation using the highly regarded Blockchain Maturity Model (BMM) and the Banking & Financial Services Supplement. The comprehensive assessment involved a team of esteemed industry experts, including government Chief Information Officers, technology specialists, legal and regulatory professionals, and banking experts. Over several days, the team meticulously analyzed 11 elements
June 2023 - Inclusology, is a powerful all in one DEI management SaaS platform designed to help companies reduce bias in the workplace and increase employee retention. Last week, the platform released its new version after completing beta testing among 16 companies and thousands of employees across startups, nonprofits, Fortune 500 and 1000 companies etc. “We are so proud to see Inclusology’s work having a positive impact on DEI at a global level in every sized company,” says CEO Dr. Cheryl Ingram. “We’ve tested our software in a number of
Lee’s Celebrity Portraits Will Kick Off the Launch of Illuminate, A Digital NFT Agency and Platform for Experienced Artists June 1st, Los Angeles - Renowned photographer David Christopher Lee announced the sale of celebrity portraits of Lady Gaga and Snoop Dogg as digital collectibles on the newly launched Illuminate.art. Collectors will be able to purchase these NFTs on June 1st through Illuminate.art’s user-friendly platform, which accepts credit card or cryptocurrency. Throughout the month of June, David Christopher Lee will be partnering with Illuminate.art to sell other celebrity portraits as NFTs.