Brexit Britain’s Brave Stand Against Bitcoin 3001

Crypto needs a leash, but it’s laughable to think that the City of London can hold it on its own. It’s good to see politicians belatedly waking up to the risk of crypto-currencies. British lawmakers are banging the drum for the regulation of Bitcoin, Ethereum and their brethren in order to protect consumers. It may be too late for all those unfortunates who got burned this year, but it’s still a better look than George Osborne eagerly using a Bitcoin ATM back in 2014.

Yet there’s little to suggest Brexit Britain will have the financial muscle or diplomatic clout to do much beyond grab at low-hanging fruit when it comes to digital cash. The fight against money-laundering and financial crime needs serious funding and regional co-operation, both of which will be hampered by an exit from the EU.

Indeed, any international push to properly regulate the crypto-cowboys would be laudable. The possibility of fraud and market manipulation is absurdly high. There has been $2.3 billion in exchange hacks and scams over the past seven years, according to research firm Crypto Aware. There’s also the billions channeled through money-laundering and white-collar crime. Unsophisticated retail investors are a prized target. Plus there’s the problem of the size of digital currency markets. While it is tiny relative to traditional currencies today, crypto has the potential to destabilize the financial system tomorrow.

The dream for governments is a clear regulatory framework that would somehow keep all the good stuff that blockchain technology is promising to generate – jobs, taxes, output – while safely shunning all the nefarious activity that we know Bitcoin and its ilk allows for.

The U.K. Treasury Select Committee calls for the country’s Financial Conduct Authority to be given legal powers to protect consumers and maintain market integrity with regards to Initial Coin Offerings and crypto-currency exchanges. It calls for anti-money laundering regulation. The committee’s rosy view is that this would let the City of London become a global digital currency center.

But how is the FCA meant to achieve this without more money? This is a watchdog that has one employee for every 15 firms it polices. Brexit threatens to take up even more of its bandwidth. FCA chairman Charles Randell said recently that spending an estimated 30 million pounds ($40 million) on preparing for an EU departure had meant “difficult decisions” on his budget elsewhere. Presumably he hasn’t factored in the regulation of thousands of crypto-currencies and exchanges.

Plus a Brexit Britain that goes it alone on regulation might miss out on broader efforts such as the EU’s anti-money-laundering directive that now covers crypto-exchanges. Other jurisdictions that have pitched their own tough rules – like New York – have found exchange activity to be harder to get a grip on than expected. There’s always a country that’s willing to offer crypto-folk an easier life in exchange for their business.

A simpler, though less headline-grabbing, way for Britain to get to grips with its financial crime problem would be cleaning up some of the firms registered with Companies House. That has been a conduit for shell companies and scams worldwide. U.K. corporate entities made up a large part of the customer base of Danske Bank’s Estonian branch, which is at the center of a vast money-laundering scandal.

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M2 launches MMX Loyalty Rewards: Hold MMX Tokens for a chance to win share of 300,000 USDT! 6236

M2, ‘The New Home of Crypto’, is thrilled to announce the launch of an exciting new campaign aimed at rewarding all MMX token holders on its native M2 exchange. The campaign, which runs from 08th of March to the 19th of April, offers participants the chance to win their share of a whopping 300,000 USDT simply by holding MMX tokens in their M2 Wallet.

Campaign mechanics:

Hold a minimum of 200 MMX tokens in your M2 wallet to qualify for entry into the draws. The more MMX tokens you hold, the greater your chances of winning. Existing MMX holders are automatically eligible for the draw from the campaign’s launch date. New customers can join the campaign by purchasing 200 MMX tokens during the campaign period.

Weekly draws schedule:

  • 15th March: 20,000 USDT draw – top prize 2,000 USDT
  • 22nd March: 30,000 USDT draw – top prize 3,000 USDT
  • 29th March: 40,000 USDT draw – top prize 4,000 USDT
  • 5th April: 50,000 USDT draw – top prize 5,000 USDT
  • 12th April: 60,000 USDT draw – top prize 6,000 USDT
  • 19th April: 100,000 USDT draw – top prize 10,000 USDT

The campaign will conclude with a final draw on April 19th at the Token2049 event in Dubai, featuring a top prize of 10,000 USDT from a guaranteed prize pool of 100,000 USDT.

Eligibility:

To qualify for the MMX Loyalty Rewards, participants are required to hold their MMX tokens within an M2 wallet. All M2, MMX holders, whether existing or new, are eligible to participate in the campaign from the day of its launch subject to the exclusions specified in the Terms and Conditions. This inclusive approach ensures that all members of the MMX community have the opportunity to take part and potentially win big.

Campaign duration:

Spanning from March 8th to April 19th, this campaign celebrates the commitment of the MMX community by offering guaranteed winnings from a substantial prize pool of 300,000 USDT. Participants are encouraged to act swiftly to maximize their chances of winning.

Quotes:

“Our MMX token promotion campaign underscores our commitment to rewarding our loyal community members and driving engagement within the MMX ecosystem,” said Stefan Kimmel, CEO of M2. “We’re excited to offer this exclusive opportunity to our valued MMX holders and look forward to seeing the positive impact it has on our community.”

How to participate:

To participate in the campaign, MMX holders simply need to ensure they hold a minimum of 200 MMX tokens in their M2 wallet. Existing holders are automatically entered into the draw, while new customers can join by purchasing 200 MMX tokens during the campaign period.

Conclusion:

With a total prize pool of 300,000 USDT up for grabs, distributed through escalating weekly draws, M2’s MMX token promotion promises to be an exhilarating opportunity for MMX holders to win big while reinforcing the token’s value within the crypto market. This campaign not only underscores the value of holding MMX tokens but also solidifies the bond between M2 and its community.

This offer is from M2 Global Wealth Limited, a registered Digital Asset Business regulated and authorized by the Securities Commission of The Bahamas. It is not a product offered by M2 Limited; M2 Custody Limited, which is regulated and licensed by the Financial Services Regulatory Authority of Abu Dhabi Global Market.

About M2

M2 is a leading crypto exchange platform committed to providing a secure and transparent trading environment for crypto enthusiasts worldwide. With a focus on regulation, security, and transparency, M2 aims to redefine the crypto investment experience and empower users to explore the vast potential of digital assets.

unagi(x) by Wemade Integrates Chainlink CCIP on WEMIX3.0 Mainnet as Exclusive Cross-Chain Infrastructure for Omnichain Gaming Ecosystem 6336

Wemade, one of South Korea’s largest game developers and the founder of unagi(x), and Chainlink, the industry-standard decentralized computing platform, announced today that Chainlink CCIP—the industry standard for cross-chain interoperability—has been integrated by unagi(x) on WEMIX. As the network’s official cross-chain infrastructure, CCIP underpins WEMIX’s gaming mega-ecosystem and unagi(x)—the interoperability engine for unagi, the omnichain initiative to enable fast on-off chain trading.

The AAA MMORPG NIGHT CROWS —which launches globally in 170 countries on March 12th—will integrate unagi(x) powered by CCIP across six chains: WEMIX, Kroma, Avalanche, BNB Chain, Ethereum, and Polygon. Interoperability between this diverse selection of networks allows users to fully immerse themselves in the game, while tokenizing in-game assets on their preferred chain.

“We selected Chainlink CCIP as it offers a proven solution for cross-chain token transfers and multi-chain abstraction to enhance user experiences across Web3 gaming and beyond,” said Henry Chang, CEO of Wemade. “By seamlessly connecting WEMIX to the multi-chain ecosystem and enabling cross-chain transfers of in-game NIGHT CROWS tokens and NFTs with CCIP, we’re unlocking a novel omnichain gaming experience and interchain economy that will help drive the growth of all of Web3.”.

unagi(x) being powered by CCIP enables Web3 gamers to play NIGHT CROWS across the multi-chain ecosystem, while facilitating seamless transfers of in-game tokens and NFTs between chains. Users can freely choose their gaming chain, connecting and exchanging game tokens and NFTs with the ‘una Wallet,’ which enables users to intuitively manage assets and transfers across supported networks via the omnichain infrastructure.

“I am very impressed by how Wemade is on the cutting edge of blockchain gaming, a growing part of the entire blockchain economy, which I believe will eventually intersect with DeFi in new and interesting ways,” said Sergey Nazarov, Co-Founder of Chainlink. “We are excited to support them in their plans to lead the blockchain gaming community into the future with a secure connectivity solution.”

CCIP was selected as Wemade’s official interoperability solution because of its proven track record as the provider of oracle services used by hundreds of dApps and its dominant position as the leading provider of oracle services in the DeFi space. Advanced features including programmable token transfers and a single standardized interface for omnichain application development were also key factors leading to the decision to choose CCIP.

As a result, the integration of CCIP within unagi(x) creates a secure environment for NIGHT CROWS gamers to effortlessly navigate across chains, and positions NIGHT CROWS to redefine the possibilities of omnichain gaming.

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

Wemade

With over two decades of gaming industry expertise, Wemade is at the forefront of the next global wave of Web3 game developers innovating with blockchain technology. Aiming to accelerate the mass adoption of blockchain technology, Wemade is building a one-of-its-kind, experience-based, platform-driven, and service-oriented mega-ecosystem that offers a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit www.wemix.com/communication for more information.

Introducing BounceBit testnet: BounceClub East-to-West Event 7001

BounceBit introduced early access with The Water Margin Event on January 30, 2024, inviting early contributors to boost Total Value Locked (TVL) and earn BounceBit points in return. Achieving remarkable milestones, BounceBit’s TVL soared to over $600 million within a month, complemented by securing $6 million in seed funding from leading investors Blockchain Capital and Breyer Capital. Today, we are thrilled to unveil our latest achievement: the BounceBit Testnet is officially live! Users are invited to enjoy an early experience of BounceClub and engage in staking on the BounceBit Testnet. Let’s dive into the features and opportunities BounceBit Testnet brings.

The underlying philosophy: The concept of BounceClub

The guiding philosophy of BounceBit is deeply motivated by Apple Inc.’s spirit of innovation and commitment to user-centric design. Apple’s success is attributed not only to the functionality of their products but also to their elegant design and user-friendly interface.

Inspired by Apple’s business model, BounceBit aims to revolutionize traditional onchain development methods by introducing the concept of BounceClub and BounceBit App Store. As an integral part of the BounceBit ecosystem, BounceClub is designed to simplify smart contract deployment for everyone and minimize dApp redundancy.

BounceClub serves as a Web3 hub enabling everyone to craft their own onchain space without any coding requirements. A BounceClub owner can customize their BounceClub by simply selecting protocols that are listed on the BounceBit App Store, just like downloading apps from the App Store on your iPhone. The BounceBit App Store functions as a library of Web3 plugins where developers are welcome to apply for listing their smart contracts, just like publishing apps on iOS’s App Store. Users who do not own a BounceClub can browse existing BounceClubs and engage in various Web3 activities to earn yield.

Testnet BounceClub Event: Build on Bitcoin from East to West

The BounceBit Testnet launch introduces multiple features: The BounceClub event, offering early access to BounceClub; BBScan, the explorer that tracks all activities on the BounceBit network; Dual-token staking, allowing users to stake BounceBit’s native token $BB and BounceBit’s uniformly mapped BTC $BBTC.

The BounceClub Event is centered around the theme “Building on Bitcoin: From East to West,” emphasizing a global effort to expand and innovate within the Bitcoin ecosystem. This theme underlines the initiative to unite developers, enthusiasts, and contributors from diverse regions in shaping the future of Bitcoin-centric development and applications.

To explore any of the Testnet features, you’ll need to get $BB tokens first from BounceBit’s discord channel. Everyone is welcome to participate in the BounceClub event as either a BounceClub owner or a BounceClub user. Here’s how it works:

  1. If you’ve registered for an account and deposited at least $10 at https://bouncebit.io/, you’re qualified to claim a Testnet BounceClub at https://testnet-club.bouncebit.io/claimClub. Then you can set it up by filling in the descriptions and selecting the protocols that you want to add to your club.
  2. If you haven’t deposited yet, you can simply browse the BounceClubs created by others at testnet.club.bouncebit.io and engage in the DeFi activities offered.

There will be two sets of Testnet leaderboard tracking the level of engagement. One leaderboard ranks BounceClub Owners based on the total amount of transactions made in their Clubs, while the other one ranks BounceClub Users based on the amount of transactions made by each user.

Advancing on the Testnet leaderboards brings numerous rewards upon the BounceBit Mainnet Launch in April. Notably, the top 6000 BounceClub Owners on the Testnet leaderboard will be eligible to claim the exclusive 6000 Mainnet BounceClubs when BounceBit Mainnet launches.

Testnet supported assets: Mirrored tokens

The Testnet BounceClub Event supports a variety of tokens that are mirrored from multiple platforms for users to engage in the DeFi activities within BounceClubs. The list of mirrored tokens includes:

  1. From BounceBit’s early access: $BTC, $WBTC, $AUCTION, $USDT, $MUBI, $FDUSD, $DAII
  2. From MultiBit Bridge: $MUBI, $BSSB, $DAII, $SATS, $ORDI, $LFG, $SAVM, $OOFP, $COM, $MOGB, $AMMX, $ZOOA, $RAIT, $RATS, $TURT, $OXBT, $WHEE, $CHAX, $FOOX, $AUCTION

More smart contracts and assets will be added to this list soon!

About BounceBit

BounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. The BounceBit chain, designed as a showcase of a restaking product within the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking both BTC and BounceBit’s native token — A dual-token system leveraging native Bitcoin’s security with full EVM compatibility. Critical ecosystem infrastructure like bridges and oracles are secured by restaked BTC. Through an innovative CeFi + DeFi framework, BounceBit empowers BTC holders to earn yield across multiple networks.

Most anticipated AI trading tool by Kelp.org (KELP) announces presale 7242

Decentralized finance (DeFi) is abuzz with anticipation as Kelp (KELP), a project with the potential to reshape the trading industry, gears up for its presale. With a comprehensive ecosystem of groundbreaking products and services, Kelp.org is set to redefine the way individuals and institutions interact with the digital economy.

Kelp’s transformative vision lies in Kelp’s Autonomous Trading Engine (K.A.T.E.), seamlessly redefining the way users trade utilizing an unique approach to AI. K.A.T.E. empower users to trade cryptocurrency automatically building each user a winning portfolio, Averaging 88% APR yearly with over 7,000 assets tracked in equities and cryptocurrency, so each user will be able to spend more time with the ones they love. This paradigm shift has the potential to fundamentally alter the way people trade because they don’t need to trade, deeming KATE the title of the “Aladdin of crypto.”

Complementing KATE, Kelp’s whitepaper plans to transform cryptocurrency as we know it creating “Stable money for all.” Leveraging cutting-edge technology, this offers an experimental cryptocurrency catering to the evolving needs of merchants and customers alike. Its innovative features and seamless integration with Kelp’s DeFi ecosystem set it apart from traditional cryptocurrency, paving the way for a more streamlined and secure adoption solving the difficulties between integrating fiat and cryptocurrency in a decentralized manner.

Beyond its flagship products, Kelp’s comprehensive DeFi ecosystem encompasses a decentralized exchange (DEX), staking platform, Kelp’s Autonomous Trading Engine (K.A.T.E) and over 7 other protocol features. This approach caters to the diverse needs of DeFi users, providing them with a one-stop platform for managing their digital assets and exploring the full potential of decentralized finance.

Kelp.org Presale

The upcoming Kelp presale marks a pivotal moment in the evolution of DeFi, offering early adopters an exclusive opportunity to become a part of this transformative project. With a total supply of 80 billion tokens, the presale will allocate 31.25% of $KELP tokens, providing participants with a chance to secure a stake in the future of AI.

To participate in the presale, individuals can visit the Kelp.org and participants can contribute to the presale using various cryptocurrencies, including USDT, BNB, BTC, and ETH. #KelpersUnite

Conclusion: Embracing the future of DeFi with kelp

The Kelp.org presale is a call to action, inviting individuals worldwide to join the DeFi and AI revolution. With its innovative products, unwavering commitment to security, and transparent approach to DeFi services, Kelp is poised to reshape cryptocurrency, empowering individuals and businesses alike to embrace the future of finance. As the presale approaches, anticipation rises high, signaling a new era of AI driven inclusivity, accessibility, and innovation.

For more information about Kelp.org, visit:

Website: https://kelp.org

Founder: Ed Bishop

Multichain Gaming Incentivization Token WUFFI Expands to Solana via Airdrop 7356

WAX, one of the largest Web3 ecosystems for gaming and NFTs, today announces that WUFFI, a next-generation gaming meme-coin and incentivization token for third-party game developers, is expanding to the Solana network via an airdrop.

As part of this expansion, WUFFI has earmarked a significant allocation of WUF tokens for holders in the Solana ecosystem. This initiative welcomes new members to the $WUF Pack and strengthens the bond within its existing community.

WUFFI’s journey has been marked by remarkable community support. The team’s initial airdrop on the WAX blockchain resulted in a significant surge in active participants across platforms. The move to Solana is expected to further accelerate this momentum and bring new opportunities for enthusiast engagement and ecosystem growth.

In line with its community-focused approach, WUFFI will conduct a snapshot for BONK holders on the Solana network on March 28th at 4 PM PT to determine the distribution of WUFFI tokens.

The token allocation strategy for the Solana expansion allocates 10% of the total WUF supply to BONK holders. Eligibility for participation requires Solana wallets to hold a minimum of 25 million BONK tokens locked via https://bonkrewards.com.

WUFFI is an incentive token for third-party game developers that lays the groundwork for gaming and future game development. The broad distribution of $WUF lays the foundation for incentivizing third-party game developers to tap into a vibrant base of token holders and create games with ready-made reach and utility.

Each partner will provide unique utility to the project, ranging from gaming integrations to exclusive in-game items.

WUFFI will expand to more chains, including Solana, in the coming months and has already partnered with over 80 partners, including marketplaces like NFTHive and AtomicHub; games like Landbox, Music Mogul, FGL, and Brawlers, and more.

The WUFFI team invites cryptocurrency enthusiasts and Web3 gamers to join this exciting new chapter.

For more information, please visit: https://www.wuffi.io/

About WUFFI

WUFFI is a community-driven, multi-chain meme coin that has captured the hearts of cryptocurrency enthusiasts worldwide. With a focus on innovation, inclusivity, and community engagement, WUFFI provides a fun and rewarding experience for its members across multiple blockchain networks.

SphereX Celebrates Its Grand Launch with Dual-Track Event: Warp Drive and Lightspeed Tracks Offer Exclusive Atlas Collections NFT Airdrops 7372

SphereX, the ultimate DEX to launch on Blast, is proud to announce its grand launch event, marking a significant milestone for the platform. The event, consisting of Warp Drive and Lightspeed tracks, aims to reward active Blast and BMX users while fostering community engagement and further boosting Blast’s Total Value Locked (TVL).

Until March 18, 2024, the campaign offers participants equitable opportunities to receive SphereX’s “Atlas Collections” NFT Airdrops through Warp Drive and Lightspeed track. These NFTs can later be utilized for redeeming $SXT Tokens (SphereX Governance & Utility Token) and provides user benefits after Blast’s mainnet launch.

“We are thrilled to introduce the Atlas Collections NFT as a symbol of our appreciation for our early users,” said Kaimin Hu, CEO of SphereX. “This campaign not only aims to elevate our users and enhance utility but also sets the stage for exciting rewards through $SXT tokens after Blast’s mainnet launch.”

The Atlas Collections NFT, an exclusive reward for early SphereX users, will have a total issuance of 10,000. Of these, 8,000 will be distributed through the Warp Drive track, while 2,000 will be airdropped via the Lightspeed track. These NFTs offer various utilities, including:

  • Utility I: $SXT (SphereX TGE tokens) Airdrops 
  • Utility II: Trading fee discounts with “Atlas Collections NFT” on SphereX 
  • Utility III: Staking bonuses for Atlas NFT & $SXT dual staking 

More features are forthcoming.

Additionally, during the campaign period, participants in the Warp Drive and Lightspeed tracks who complete designated tasks will be eligible for $1,200 prize pools each.

About SphereX:

SphereX is a decentralized crypto exchange designed to provide users with a more secure, efficient, and user-friendly platform for trading digital assets. SphereX boasts a unique combination of capabilities that include off-chain matching for lightning-fast trade execution, on-chain settlement for enhanced security, and cross-margin trading to optimize capital utilization.