The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the country’s policy towards crypto assets and virtual asset service providers. According to the committee, such a policy helps govern the use of crypto assets in the country “to ensure Kenya harnesses the benefits of financial innovation while minimizing the risks.”
A Kenyan Senate committee recently said it has resolved to work with the Central Bank of Kenya (CBK) and other stakeholders in its bid to establish the East African nation’s policy towards virtual asset service providers (VASPs) and “the use of crypto assets in Kenya”
In a statement issued via Twitter, the Senate’s Committee on Information, Communication and Technology argued that the establishment of such a policy will help Kenya enjoy the benefits of innovation.
“While considering the response received from the CBK regarding the Committee’s inquiry on digital assets infrastructure in Kenya at Parliament Buildings, the Members of the Cmte emphasized the need to have a laid down policy that governs the Central Bank Digital Currency and crypto assets in the country to ensure Kenya harnesses the benefits of financial innovation while minimizing the risks,” the Senate tweeted.
Promoting the Adoption of Technology and Innovation Within the Financial Sector
Meanwhile, the Senate committee’s announcement comes two months after the Joint Financial Sector Regulators’ Forum (JFSRF) said it would consider creating a technical working group with a mandate recommending the establishment of a crypto regulatory framework.
As explained in the JFSRF’s joint communique issued on Dec. 16, 2022, the recommendations “will be subsequent to wide consultations and deliberations across the financial sector and other relevant stakeholders.”
Communique on the 13th Joint Financial Sector Regulators' Board Meeting pic.twitter.com/E6Sa1Jzg1U
— Central Bank of Kenya (@CBKKenya) December 16, 2022
Besides the crypto-related recommendation, Kenya’s five-member regulators’ forum said it has also resolved to coordinate the development of a framework that promotes the adoption of emerging technology and innovations within the financial services sector. Doing this helps to “enhance effective regulation and supervision.”
Register your email here to get a weekly update on African news sent to your inbox:
What are your thoughts on this story? Let us know what you think in the comments section below.
Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the country’s policy towards crypto assets and virtual asset service providers. According to the committee, such a policy helps govern the use of crypto assets in the country “to ensure Kenya harnesses the benefits of financial innovation while minimizing the risks.”
A Kenyan Senate committee recently said it has resolved to work with the Central Bank of Kenya (CBK) and other stakeholders in its bid to establish the East African nation’s policy towards virtual asset service providers (VASPs) and “the use of crypto assets in Kenya”
In a statement issued via Twitter, the Senate’s Committee on Information, Communication and Technology argued that the establishment of such a policy will help Kenya enjoy the benefits of innovation.
“While considering the response received from the CBK regarding the Committee’s inquiry on digital assets infrastructure in Kenya at Parliament Buildings, the Members of the Cmte emphasized the need to have a laid down policy that governs the Central Bank Digital Currency and crypto assets in the country to ensure Kenya harnesses the benefits of financial innovation while minimizing the risks,” the Senate tweeted.
Promoting the Adoption of Technology and Innovation Within the Financial Sector
Meanwhile, the Senate committee’s announcement comes two months after the Joint Financial Sector Regulators’ Forum (JFSRF) said it would consider creating a technical working group with a mandate recommending the establishment of a crypto regulatory framework.
As explained in the JFSRF’s joint communique issued on Dec. 16, 2022, the recommendations “will be subsequent to wide consultations and deliberations across the financial sector and other relevant stakeholders.”
Communique on the 13th Joint Financial Sector Regulators' Board Meeting pic.twitter.com/E6Sa1Jzg1U
— Central Bank of Kenya (@CBKKenya) December 16, 2022
Besides the crypto-related recommendation, Kenya’s five-member regulators’ forum said it has also resolved to coordinate the development of a framework that promotes the adoption of emerging technology and innovations within the financial services sector. Doing this helps to “enhance effective regulation and supervision.”
Register your email here to get a weekly update on African news sent to your inbox:
What are your thoughts on this story? Let us know what you think in the comments section below.
Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon. Eclipse disclosed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized applications (dapps) will be easily migratable to the Polygon Sealevel Virtual Machine (SVM).
On Thursday, rollup provider Eclipse announced that the startup is collaborating with the Polygon team to launch the Polygon Sealevel Virtual Machine (SVM). Eclipse noted that the Polygon SVM will add new use cases and traffic to the Polygon ecosystem. Furthermore, the technology will leverage the security of Polygon and aims to provide a faster and more efficient experience.
Eclipse works with customizable rollups, a Layer 2 (L2) scaling concept that combines a large number of transactions to validate them all at once offchain, before committing them back to the blockchain. Rollup concepts aim to improve scalability, reduce fees, and maintain the security and decentralization benefits of the underlying blockchain network.
“Ethereum was obviously still really slow and still very expensive, so it was very obvious rollups were the path to scaling Ethereum,” Neel Somani, the founder of Eclipse explained to Techcrunch. “So we were thinking, what if we made a highly parallelized rollup, but the difference is that we stick to a standard set of tooling that already exists like the Solana Virtual Machine or Ethereum Virtual Machine (EVM).”
Eclipse raised $15 million last year and is backed by Polychain, Tribe Capital, Struck Crypto, Soma Capital, Tabiya, and Galileo. The startup is also a grant recipient of the Solana Foundation and has worked with Celestia, Eigenlayer, and Near. Somani, a former Terra blockchain developer, worked on Terranova, a Terra-based Ethereum Virtual Machine (EVM) project before the Terra ecosystem collapsed.
What do you think about the new project being developed by Eclipse? Share your thoughts in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon. Eclipse disclosed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized applications (dapps) will be easily migratable to the Polygon Sealevel Virtual Machine (SVM).
On Thursday, rollup provider Eclipse announced that the startup is collaborating with the Polygon team to launch the Polygon Sealevel Virtual Machine (SVM). Eclipse noted that the Polygon SVM will add new use cases and traffic to the Polygon ecosystem. Furthermore, the technology will leverage the security of Polygon and aims to provide a faster and more efficient experience.
Eclipse works with customizable rollups, a Layer 2 (L2) scaling concept that combines a large number of transactions to validate them all at once offchain, before committing them back to the blockchain. Rollup concepts aim to improve scalability, reduce fees, and maintain the security and decentralization benefits of the underlying blockchain network.
“Ethereum was obviously still really slow and still very expensive, so it was very obvious rollups were the path to scaling Ethereum,” Neel Somani, the founder of Eclipse explained to Techcrunch. “So we were thinking, what if we made a highly parallelized rollup, but the difference is that we stick to a standard set of tooling that already exists like the Solana Virtual Machine or Ethereum Virtual Machine (EVM).”
Eclipse raised $15 million last year and is backed by Polychain, Tribe Capital, Struck Crypto, Soma Capital, Tabiya, and Galileo. The startup is also a grant recipient of the Solana Foundation and has worked with Celestia, Eigenlayer, and Near. Somani, a former Terra blockchain developer, worked on Terranova, a Terra-based Ethereum Virtual Machine (EVM) project before the Terra ecosystem collapsed.
What do you think about the new project being developed by Eclipse? Share your thoughts in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.
PRESS RELEASE. Barcelona, Spain, 24th February, 2023: Elemental Raiders, is launching a $35,000 in-game, completely free-to-participate and free-to-play tournament. Several ecosystem partners of Games for a living and Elemental Raiders including launchpads Seedify, guilds such as YGG as well as partners such as esports giants Team Queso aim to co-promote this tournament.
Games for a living, the parent company of Elemental Raiders, is also a game publisher and a blockchain gaming platform. Ahead of its IGO launch on Seedify in Q1 2023, Elemental Raiders has partnered with several guilds such as YGG and other ecosystem partners to co-promote the tournament.
The Games for a living founding team commented that they see that the tournament series runs for one week, and it gives everyone a great opportunity and a step towards bringing mainstream adoption to an enhanced model of “freemium” games, combining the best elements of Web2 and Web3.
“We saw an opportunity to build an inroad with mainstream gamers, and also attract the Web3 or crypto gamers to a game that focuses on gameplay, is completely free-to-play, free to participate, and equally rewarding,” said Adria Mir, the gaming and blockchain expert at Games for a living. “We see this as a massive opportunity to begin to educate conventional as well as the Web3 gamers on a next gen tech, with better and guaranteed economic incentives as well as exciting gameplay.”
Elemental Raiders is a completely free-to-play RPG based game, also live on Steam. Users can download the game here. However, those interested in participating in the $35,000 giveaway tournament will only be able to play through Games for a living’s Launcher and must have an account on gamesforaliving.com (PC or Mac) through which they can access the tournament in-game section.
The reward distribution is categorised between BUSD, GFAL tokens as well as rare skins, NFTs and Elemental Crystals within the game Elemental Raiders. All heroes for players participating in the tournament are to be unlocked and at their highest level (only in the Tournament mode), to ensure fair play of competition for new gamers as well as the existing Elemental Raiders players.
The tournament and the participants will be ranked through a leaderboard style format, allowing players to play an unlimited number of matches through the duration of the tournament.
The player vs player (PvP) style competition aims to run for a week, starting Tuesday, March 2nd, 2023 at 3:00 pm UTC to March 8th, 2023 at 3:00 pm UTC.
“We want to leverage this opportunity ahead of the Elemental Raiders Play-to-earn launch in March 2023 to not only educate users on the blockchain gaming and NFTs market, but also invite gamers who don’t necessarily understand blockchain, or find it too complicated. This is why we have created a gaming ecosystem that includes the monetary and non-monetary rewards for both parties”, Elemental Raiders team said. “So we’re building a lot of educational bridges and ironing out the technicalities between Web3 and Web2 gaming”.
Elemental Raiders launched its completely free-to-play version of the game on the world’s biggest gaming marketplace, Steam in Q4 2022. With over 75% positive reviews, it is set to introduce an earning mechanism within the game where players can monetise the time they spend on playing the game by minting their hard earned skills and skins into NFTs and sell or trade them in Games for a living’s Marketplace.
“This tournament is a great way for us to take in more data, analytics and feedback on how we can keep improving the game, making it more realistic and removing the technical barriers for both Web3 and Web2 users,” Adria said. “We want to show the world that blockchain is a lot more than just play-to-earn”.
Those interested in participating in the tournament can click here.
For media enquiries, please contact: gary@d-verse.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. Barcelona, Spain, 24th February, 2023: Elemental Raiders, is launching a $35,000 in-game, completely free-to-participate and free-to-play tournament. Several ecosystem partners of Games for a living and Elemental Raiders including launchpads Seedify, guilds such as YGG as well as partners such as esports giants Team Queso aim to co-promote this tournament.
Games for a living, the parent company of Elemental Raiders, is also a game publisher and a blockchain gaming platform. Ahead of its IGO launch on Seedify in Q1 2023, Elemental Raiders has partnered with several guilds such as YGG and other ecosystem partners to co-promote the tournament.
The Games for a living founding team commented that they see that the tournament series runs for one week, and it gives everyone a great opportunity and a step towards bringing mainstream adoption to an enhanced model of “freemium” games, combining the best elements of Web2 and Web3.
“We saw an opportunity to build an inroad with mainstream gamers, and also attract the Web3 or crypto gamers to a game that focuses on gameplay, is completely free-to-play, free to participate, and equally rewarding,” said Adria Mir, the gaming and blockchain expert at Games for a living. “We see this as a massive opportunity to begin to educate conventional as well as the Web3 gamers on a next gen tech, with better and guaranteed economic incentives as well as exciting gameplay.”
Elemental Raiders is a completely free-to-play RPG based game, also live on Steam. Users can download the game here. However, those interested in participating in the $35,000 giveaway tournament will only be able to play through Games for a living’s Launcher and must have an account on gamesforaliving.com (PC or Mac) through which they can access the tournament in-game section.
The reward distribution is categorised between BUSD, GFAL tokens as well as rare skins, NFTs and Elemental Crystals within the game Elemental Raiders. All heroes for players participating in the tournament are to be unlocked and at their highest level (only in the Tournament mode), to ensure fair play of competition for new gamers as well as the existing Elemental Raiders players.
The tournament and the participants will be ranked through a leaderboard style format, allowing players to play an unlimited number of matches through the duration of the tournament.
The player vs player (PvP) style competition aims to run for a week, starting Tuesday, March 2nd, 2023 at 3:00 pm UTC to March 8th, 2023 at 3:00 pm UTC.
“We want to leverage this opportunity ahead of the Elemental Raiders Play-to-earn launch in March 2023 to not only educate users on the blockchain gaming and NFTs market, but also invite gamers who don’t necessarily understand blockchain, or find it too complicated. This is why we have created a gaming ecosystem that includes the monetary and non-monetary rewards for both parties”, Elemental Raiders team said. “So we’re building a lot of educational bridges and ironing out the technicalities between Web3 and Web2 gaming”.
Elemental Raiders launched its completely free-to-play version of the game on the world’s biggest gaming marketplace, Steam in Q4 2022. With over 75% positive reviews, it is set to introduce an earning mechanism within the game where players can monetise the time they spend on playing the game by minting their hard earned skills and skins into NFTs and sell or trade them in Games for a living’s Marketplace.
“This tournament is a great way for us to take in more data, analytics and feedback on how we can keep improving the game, making it more realistic and removing the technical barriers for both Web3 and Web2 users,” Adria said. “We want to show the world that blockchain is a lot more than just play-to-earn”.
Those interested in participating in the tournament can click here.
For media enquiries, please contact: gary@d-verse.io
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. Dubai, Feb 23: The layer-1 for data, Flare, just completed a live demonstration of new interoperability functionality now available in beta on the network. Using two core interoperability protocols, State Connector and Flare Time Series Oracle (FTSO), an NFT was trustlessly purchased with the transaction taking place on a different chain using a different token. The demo was performed on Flare’s canary network, Songbird, with the purchase made using DOGE and XRP tokens.
Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with EVM-based smart contracts on Flare chains. In this case, it has been used to prove that a transaction has been confirmed on a non-Flare chain and simultaneously verify the correct payment reference was included.
The Flare Time Series Oracle delivers highly decentralized price and data feeds to dapps on Flare, without relying on a centralized provider to bring the data on-chain. For the demonstration, it provides the live updating price of the NFT in the currency of the other chain.
As Flare is an EVM-based blockchain, everything that can be achieved on Ethereum and other EVM chains can also be performed on Flare. The NFTs minted in the demo are therefore standard ERC721 contracts written in Solidity and deployed on the network. The only changes required were the addition of methods to integrate with the FTSO and State Connector.
Hugo Philion, Flare CEO & Co-founder, said, “This demo highlights Flare’s ability to provide more types of secure, decentralized data on-chain in order to power new functionality and potential use cases for the industry. The NFT demo is one example of the web3 utility Flare can unlock for legacy tokens, enabling them to be used trustlessly in dapps on the network. We are excited to see what other applications engineers can develop, harnessing the capabilities of Flare’s native interoperability protocols.”
Demo Video: https://www.youtube.com/watch?v=g0qxxm2EZjw
About Flare
Flare is an EVM-based Layer 1 blockchain that gives developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing apps to serve multiple chains through a single deployment.
Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with smart contracts on Flare.
The Flare Time Series Oracle delivers highly-decentralized price and data feeds to dapps on Flare, without relying on centralized providers.
Build on Flare with more data than ever before or build with Flare to serve multiple ecosystems.
Website | Twitter | Telegram | Discord
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. Dubai, Feb 23: The layer-1 for data, Flare, just completed a live demonstration of new interoperability functionality now available in beta on the network. Using two core interoperability protocols, State Connector and Flare Time Series Oracle (FTSO), an NFT was trustlessly purchased with the transaction taking place on a different chain using a different token. The demo was performed on Flare’s canary network, Songbird, with the purchase made using DOGE and XRP tokens.
Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with EVM-based smart contracts on Flare chains. In this case, it has been used to prove that a transaction has been confirmed on a non-Flare chain and simultaneously verify the correct payment reference was included.
The Flare Time Series Oracle delivers highly decentralized price and data feeds to dapps on Flare, without relying on a centralized provider to bring the data on-chain. For the demonstration, it provides the live updating price of the NFT in the currency of the other chain.
As Flare is an EVM-based blockchain, everything that can be achieved on Ethereum and other EVM chains can also be performed on Flare. The NFTs minted in the demo are therefore standard ERC721 contracts written in Solidity and deployed on the network. The only changes required were the addition of methods to integrate with the FTSO and State Connector.
Hugo Philion, Flare CEO & Co-founder, said, “This demo highlights Flare’s ability to provide more types of secure, decentralized data on-chain in order to power new functionality and potential use cases for the industry. The NFT demo is one example of the web3 utility Flare can unlock for legacy tokens, enabling them to be used trustlessly in dapps on the network. We are excited to see what other applications engineers can develop, harnessing the capabilities of Flare’s native interoperability protocols.”
Demo Video: https://www.youtube.com/watch?v=g0qxxm2EZjw
About Flare
Flare is an EVM-based Layer 1 blockchain that gives developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing apps to serve multiple chains through a single deployment.
Flare’s State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with smart contracts on Flare.
The Flare Time Series Oracle delivers highly-decentralized price and data feeds to dapps on Flare, without relying on centralized providers.
Build on Flare with more data than ever before or build with Flare to serve multiple ecosystems.
Website | Twitter | Telegram | Discord
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
PRESS RELEASE. The new partnership between SIMBA Chain and Alitheon brings real-time tracking of digitized physical goods across their entire life cycle.
SIMBA Chain, the builder of Blocks, an enterprise-grade platform that abstracts the complexities of blockchain development to make the innovative technology more accessible across multiple blockchains and services, today announces the integration of Alitheon, the provider of FeaturePrint®, the machine-vision based solution for authentication and traceability of physical goods.
The go-to-market partnering agreement enables Alitheon to provide its customers with the ability to certify the authenticity and take ownership of digitized physical items using the blockchain-based FeaturePrint® system. SIMBA will extend Alitheon’s FeaturePrint to its own customer base, allowing them to first authenticate, and then trace, physical products through the entirety of their commercial lifecycle.
FeaturePrint® allows for immediate authentication of an item using a smartphone using an advanced optical AI technology that digitizes items. SIMBA provides the infrastructure to enable the omnipresent tracking of real-world items through the blockchain by tying each physical item issued by a manufacturer to a unique NFT which acts as the item’s digital twin. From here, both the NFT and the item can be tracked from warehouse to customer to second-hand buyer and beyond, eliminating the possibility of replication, fraud or counterfeiting.
Bryan Ritchie, CEO of SIMBA Chain, said: “The global gray and black market and counterfeiting industry has proven to be highly resistant to modern day technical solutions designed to curb the problem, while physical policing simply cannot match the scope and scale of the issue. By registering and digitizing physical items on the blockchain we can create an immutable public record of each item, and then follow its path from retailer to customer and beyond.”
Using NFTs to represent physical items on the blockchain enables industrial materials like aircraft and automotive parts to be tracked in real-time through the supply chain, effectively eliminating risks associated with counterfeit parts or inadequate maintenance. Blockchain technology can also be used by diamond producers to confirm the quality and ethical sourcing of their precious stones using immutable data which proves the origin of the gemstones.
SIMBA Chain provides governments and enterprises with interconnective blockchain-based solutions to address a number of areas, including supply chain management, financial accountability, medical data processing, and manufacturing lines. SIMBA recently ported the parts supply chain for Boeing’s F/A-18 combat aircraft onto its blockchain-based system, cutting time consuming paperwork costs by 40%, and reducing parts waste by 15%.
In industries spanning aviation, automotive manufacturing, pharmaceuticals, luxury goods, and collectibles, counterfeiting and gray market activity poses an estimated $4.5 trillion annual challenge to brands and manufacturers. These activities have negative impacts on revenue, brand integrity, and, in some cases, the security and well-being of customers.
The Alitheon SIMBA offering presents undeniable authentication of the physical item, coupled with an immutable ledger for storing ownership and other essential data. This ensures that any sales, upgrades, and maintenance activities are safely recorded for the entire lifespan of the item’s usage. The transparency and immutability provided by this solution surpasses current solutions, including certificates of authenticity, guaranteeing end-to-end verification and security for both the physical and digital aspects of the product that can’t be altered by anyone on the network.
###
About SIMBA Chain
Incubated at the University of Notre Dame in 2017, SIMBA Chain (short for Simple Blockchain Applications) provides a scalable enterprise platform that simplifies blockchain development. With fewer barriers to entry, companies can build secure, scalable, enterprise-grade solutions that integrate seamlessly with existing data systems. SIMBA implementations generate value for major government organizations, enterprises, and blockchain companies as a production-grade platform that enables public, private, or hybrid deployments. Visit simbachain.com to learn more.
Media contact:
press@simbachain.com
About Alitheon
Alitheon® is a Bellevue, Washington-based leader in advanced optical AI and creator of FeaturePrint®, a patented system connecting the physical and digital worlds via a secure and immutable link. FeaturePrint digitizes for items and products, what fingerprints are for people – a one of a kind, unique identifier that does not require you to mark, modify or add anything to the item. Using just a camera, FeaturePrinting enables authentication, identification, and traceability of individual items out of millions of similar objects. With FeaturePrint, counterfeits are avoided, misidentification of parts is eliminated, and the use of wrong products is minimized. FeaturePrint is currently used for numerous track, trace, and authentication purposes across automotive, pharmaceuticals, aerospace & defense, medical equipment, precious metals, and luxury goods & collectibles.
Media Contact:
alitheon@missionc2.com
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. The new partnership between SIMBA Chain and Alitheon brings real-time tracking of digitized physical goods across their entire life cycle.
SIMBA Chain, the builder of Blocks, an enterprise-grade platform that abstracts the complexities of blockchain development to make the innovative technology more accessible across multiple blockchains and services, today announces the integration of Alitheon, the provider of FeaturePrint®, the machine-vision based solution for authentication and traceability of physical goods.
The go-to-market partnering agreement enables Alitheon to provide its customers with the ability to certify the authenticity and take ownership of digitized physical items using the blockchain-based FeaturePrint® system. SIMBA will extend Alitheon’s FeaturePrint to its own customer base, allowing them to first authenticate, and then trace, physical products through the entirety of their commercial lifecycle.
FeaturePrint® allows for immediate authentication of an item using a smartphone using an advanced optical AI technology that digitizes items. SIMBA provides the infrastructure to enable the omnipresent tracking of real-world items through the blockchain by tying each physical item issued by a manufacturer to a unique NFT which acts as the item’s digital twin. From here, both the NFT and the item can be tracked from warehouse to customer to second-hand buyer and beyond, eliminating the possibility of replication, fraud or counterfeiting.
Bryan Ritchie, CEO of SIMBA Chain, said: “The global gray and black market and counterfeiting industry has proven to be highly resistant to modern day technical solutions designed to curb the problem, while physical policing simply cannot match the scope and scale of the issue. By registering and digitizing physical items on the blockchain we can create an immutable public record of each item, and then follow its path from retailer to customer and beyond.”
Using NFTs to represent physical items on the blockchain enables industrial materials like aircraft and automotive parts to be tracked in real-time through the supply chain, effectively eliminating risks associated with counterfeit parts or inadequate maintenance. Blockchain technology can also be used by diamond producers to confirm the quality and ethical sourcing of their precious stones using immutable data which proves the origin of the gemstones.
SIMBA Chain provides governments and enterprises with interconnective blockchain-based solutions to address a number of areas, including supply chain management, financial accountability, medical data processing, and manufacturing lines. SIMBA recently ported the parts supply chain for Boeing’s F/A-18 combat aircraft onto its blockchain-based system, cutting time consuming paperwork costs by 40%, and reducing parts waste by 15%.
In industries spanning aviation, automotive manufacturing, pharmaceuticals, luxury goods, and collectibles, counterfeiting and gray market activity poses an estimated $4.5 trillion annual challenge to brands and manufacturers. These activities have negative impacts on revenue, brand integrity, and, in some cases, the security and well-being of customers.
The Alitheon SIMBA offering presents undeniable authentication of the physical item, coupled with an immutable ledger for storing ownership and other essential data. This ensures that any sales, upgrades, and maintenance activities are safely recorded for the entire lifespan of the item’s usage. The transparency and immutability provided by this solution surpasses current solutions, including certificates of authenticity, guaranteeing end-to-end verification and security for both the physical and digital aspects of the product that can’t be altered by anyone on the network.
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About SIMBA Chain
Incubated at the University of Notre Dame in 2017, SIMBA Chain (short for Simple Blockchain Applications) provides a scalable enterprise platform that simplifies blockchain development. With fewer barriers to entry, companies can build secure, scalable, enterprise-grade solutions that integrate seamlessly with existing data systems. SIMBA implementations generate value for major government organizations, enterprises, and blockchain companies as a production-grade platform that enables public, private, or hybrid deployments. Visit simbachain.com to learn more.
Media contact:
press@simbachain.com
About Alitheon
Alitheon® is a Bellevue, Washington-based leader in advanced optical AI and creator of FeaturePrint®, a patented system connecting the physical and digital worlds via a secure and immutable link. FeaturePrint digitizes for items and products, what fingerprints are for people – a one of a kind, unique identifier that does not require you to mark, modify or add anything to the item. Using just a camera, FeaturePrinting enables authentication, identification, and traceability of individual items out of millions of similar objects. With FeaturePrint, counterfeits are avoided, misidentification of parts is eliminated, and the use of wrong products is minimized. FeaturePrint is currently used for numerous track, trace, and authentication purposes across automotive, pharmaceuticals, aerospace & defense, medical equipment, precious metals, and luxury goods & collectibles.
Media Contact:
alitheon@missionc2.com
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Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Metacade has signed a strategic partnership agreement with MEXC, one of the world’s leading cryptocurrency exchanges. This follows the news that Metacade will list on Bitmart at the end of their presale.
Founded in 2018, MEXC (also known as MEXC Global) is a rapidly-growing cryptocurrency exchange with more than 6 million users in over 200 countries, including the USA, Canada and Australia. MEXC is regularly featured as one the top exchanges globally for trading volume. The exchange offers one of the widest ranges of cryptocurrencies with over 1,500+ coins listed on the platform. This MEXC listing agreement is a significant development for Metacade as it will enable the GameFi platform to expand its reach to brand-new investors across the world.
This will come as welcome news to the vibrant Metacade community already on a high from the impressive success of the current presale, which has raised over $7.3m so far, and follows the recent announcement that MCADE will also be listed on Bitmart, another global cryptocurrency exchange ranked 21st in the CoinMarketCap exchange rankings. Additionally investors will be able to purchase MCADE on a range of decentralized exchanges, including Uniswap.
Russell Bennett, CEO of Metacade said: “The MEXC partnership is fantastic news for Metacade. Being in partnership with such a reputable cryptocurrency exchange will only increase the credibility and trust in the Metacade project. We are very excited for the token to be released to the public.”
Metacade is an innovative platform that merges the worlds of gaming and blockchain technology. It is a community-driven play-to-earn (P2E) arcade that is built on the Ethereum blockchain. It is positioning itself as a hub for gamers and crypto enthusiasts to earn, learn and connect. The ambitious Metacade roadmap shows that the platform has something to keep everyone engaged.
MCADE, the platform’s native token, will fuel all transactions and activities on Metacade. Players can use it to access pay-to-play games and earn rewards. There will be additional earning opportunities through competitions, tournaments, sharing gaming alpha, and writing reviews. MCADE holders will also have the option to stake their tokens to increase their income.
MCADE has a fixed total supply of 2 billion tokens, with 70% of these being made available during the presale. The presale opened with the token price of $0.008 and will rise in stages until it reaches $0.02. The first 5 stages have completely sold out, with only 4 stages left remaining. The remaining 30% of tokens are set to be released on exchanges, or reserved for development, liquidity provisions, and competition pool funding.
Metacade, the P2E GameFi platform, has received the seal of approval from renowned blockchain auditing firm, Certik. The platform joins a well-known group of projects, including Polygon, Shiba Inu, and The Sandbox, that have been vetted and deemed trustworthy in the cryptocurrency sphere. Certik utilizes advanced techniques and mathematics to examine the design and code of blockchain ventures. Additionally, the auditing team conducted a thorough KYC check on the Metacade team to confirm their authenticity and enhance the project’s transparency. The complete audit results can be found on Certik’s website.
About Metacade
Metacade is the premier destination for gaming in the metaverse. As Web3’s first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to generate income, build careers in Web3, and connect with the wider gaming community.
Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO. After all, Metacade wants you to have a hand in shaping the GameFi world of tomorrow.
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Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.
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Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Source From : News