Iran’s Central Bank Figure Hints Cryptocurrency Ban Will End 8213

Iran will likely reverse its cryptocurrency ban in September, a central bank official told a conference August 26, paving the way for official regulation in the country. The country, which introduced a blanket ban on trading in April this year, has since seen economic turmoil return to its economy in light of fresh US sanctions, its national currency losing a significant chunk of its value since.

Having previously signaled plans to create a national cryptocurrency, the Central Bank of Iran’s chief of innovative technologies Nasser Hakimi said regulatory attention would now shift to public crypto assets.

“The High Council of Anti-Money Laundering has imposed a ban in light of concerns over global allegations of money laundering and financing of terrorism. But it seems that after the government’s consideration, this blanket ban will be reviewed,” he told conference members quoted by local news outlet Financial Tribune and Eghtesad.

Concerning the national crypto plans, Hakimi hinted these should also come to fruition, saying the project required “suitable and prevalent” support from authorities.

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UBS Asset Management launches its first tokenised Money Market Fund, available through DigiFT 2130

UBS Asset Management, launches its first tokenized investment fund “uMINT”, made available through authorized distribution partner, DigiFT.

With DigiFT, investors can subscribe to uMINT using their preferred custody wallet solution, gaining access to real-time redemption capabilities via DigiFT’s platform. uMINT, a Money Market investment underpinned by high quality money market instruments based on a conservative, risk-managed framework, is built on Ethereum distributed ledger technology and issued under UBS Tokenize, UBS’s in-house tokenization service, a full service offering for digital asset services, that seeks to open the door to the world of decentralized finance to a broader range of market participants.

“We’re honoured to be an authorized distribution partner for UBS Asset Management in launching their first tokenized money market fund. This is a significant milestone in the world of Web3, and a testament of our ability to transform capital markets. Not only does this partnership bridge traditional finance with digital and decentralized technologies, it also demonstrates our ability to deliver next-generation investment solutions on an open network – for a new generation of global investors,” said Henry Zhang, Founder & Chief Executive Officer of DigiFT.

As part of the partnership, DigiFT will provide infrastructure for managing and monitoring on-chain distribution activities and transactions for the new tokenized money market fund. Enabled by blockchain technology, DigiFT’s best-in-class, open infrastructure ensures all transactions are stored and recorded on an immutable ledger, providing real-time operational and audit visibility. Beyond streamlining administrative processes, DigiFT is able to leverage smart contracts and facilitate automated compliance and operational efficiencies, further allowing investors to invest and explore new financial Web3 use cases.

DigiFT is the first exchange deploying smart contract methods and processes, with an automatic market-making mechanism, to be recognized as a Recognised Market Operator (RMO) and awarded the Capital Markets Services (CMS) license by the Monetary Authority of Singapore.

About DigiFT

DigiFT is the first exchange for on-chain real-world assets to be licensed by the Monetary Authority of Singapore. Find out more www.digift.sg

Understanding Homnifi: Your gateway to Web3 1922

In the rapidly evolving digital landscape, the need for accessible and user-friendly platforms has never been greater. Homnifi emerges as a vital player in this arena, dedicated to making the world of Web3 available to everyone. The mission of Homnifi is clear: to simplify access to decentralized applications (dApps) and blockchain technology, ensuring that users—from beginners to seasoned tech enthusiasts—can navigate this new digital frontier with ease and confidence.

By bridging the gap between traditional internet experiences and the emerging decentralized ecosystem, Homnifi empowers individuals to explore the endless possibilities of Web3. Its user-centric approach fosters an inclusive environment, where anyone can participate in the digital revolution without the steep learning curve often associated with blockchain technologies.

What sets Homnifi apart?

Homnifi stands out in the crowded blockchain space due to its commitment to accessibility and simplicity. Many existing platforms can overwhelm new users with complex interfaces and jargon. Homnifi addresses this challenge by offering a streamlined experience that demystifies blockchain technology. Users can engage with dApps seamlessly, ensuring that their entry into the Web3 world is both enjoyable and enriching.

Moreover, Homnifi actively works on educational initiatives to empower users with knowledge. By providing tutorials, webinars, and resources, Homnifi cultivates a community that is informed and equipped to leverage the benefits of decentralized technologies. This commitment to education further solidifies Homnifi’s role as a gateway to Web3, making it a go-to platform for those eager to learn and grow.

Overview of Web3 and its significance

Web3 represents the next phase of the internet, characterized by decentralization, user ownership, and enhanced security. Unlike its predecessor, Web2, which relies heavily on centralized platforms and intermediaries, Web3 aims to put control back into the hands of users. This shift is significant as it enables individuals to own their data, participate in decentralized networks, and engage with a variety of applications that operate on blockchain technology.

The transformative power of Web3

The importance of Web3 lies in its potential to reshape various industries by promoting transparency, reducing the power of intermediaries, and fostering trust among users. As the world becomes increasingly digital, the transition to Web3 will facilitate innovative solutions in areas such as finance, supply chain management, healthcare, and social interaction.

For instance, in finance, Web3 can enable peer-to-peer transactions without the need for banks, lowering costs and increasing transaction speeds. In supply chain management, blockchain technology can provide verifiable tracking of products, ensuring authenticity and reducing fraud. These applications highlight how Web3 can enhance efficiency and integrity across sectors.

Homnifi’s role in the Web3 revolution

By providing a seamless gateway to this new era, Homnifi plays a crucial role in helping users harness the benefits of Web3. Its platform not only connects users with decentralized applications but also encourages the exploration of innovative solutions that can enhance everyday life.

Furthermore, Homnifi facilitates community engagement, allowing users to share experiences, insights, and feedback. This collaborative approach enriches the platform, making it a living ecosystem where users can learn from one another and grow together.

Conclusion

In conclusion, Homnifi stands as a beacon for those eager to explore the world of decentralized applications and blockchain technology. By making Web3 accessible and engaging, it simplifies the journey for newcomers and empowers experienced users to delve deeper into the opportunities this revolutionary space has to offer. With Homnifi, the future of the internet is not just a concept; it’s an accessible reality.

As we move forward in this digital age, platforms like Homnifi will be essential in shaping the landscape of Web3, ensuring that everyone has the tools and knowledge to participate in this exciting new world.

About Homnifi

Homnifi is a pioneering platform dedicated to making Web3 accessible for everyone. With a mission to simplify the journey into decentralized applications (dApps) and blockchain technology, Homnifi empowers users—from novices to seasoned tech enthusiasts—to explore the transformative potential of the digital landscape with ease and confidence. By offering a user-friendly interface and educational resources, Homnifi demystifies complex blockchain concepts, ensuring that individuals can engage with the decentralized world without barriers.

As a gateway to Web3, Homnifi fosters community engagement and collaboration, allowing users to connect, learn, and grow together. The platform promotes transparency, user ownership, and enhanced security, positioning itself as a vital player in the ongoing digital revolution. With a commitment to innovation and inclusivity, Homnifi is shaping the future of the internet, making it a place where everyone can thrive in the evolving digital ecosystem.

For more information, visit Homnifi’s website at https://homnifi.com/

Paxos Introduces Global Dollar (USDG) 1677

Paxos, the leading regulated blockchain and tokenization infrastructure platform, today introduced Global Dollar (USDG) – a US dollar-backed stablecoin that is substantively compliant with MAS’ upcoming stablecoin framework. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by the Monetary Authority of Singapore (MAS). Paxos’s affiliate, Paxos Global Pte. Ltd., will partner with global exchanges, wallets and platforms to distribute USDG to individuals and institutions.

USDG is a new, safe and trusted stablecoin that will accelerate the global adoption of stablecoins. It is designed to support the needs of regulated institutions that maintain higher standards of operation. USDG is available today on Ethereum and will be issued on more blockchains in the near term. Paxos is required to hold only high-quality liquid assets to back USDG – US dollar deposits, short duration US Government securities and other such cash equivalents. This ensures USDG maintains 1:1 parity with the US dollar and consumers can redeem their tokens for fiat at all times.

Ronak Daya, Head of Product at Paxos, said: “Enterprise interest in stablecoins has never been higher than it is today, but the market lacks a solution that combines regulatory compliance with real economic incentives for enterprises. Keeping with the Paxos tradition of powering infrastructure for the world’s most important and innovative enterprises, we are thrilled to launch the Global Dollar (USDG). USDG offers a trusted solution with a top-tier banking partner in DBS that will be the catalyst to drive stablecoin innovation and enterprise adoption at a global scale.”

Paxos has a strong track record of building blockchain solutions that financial industry leaders can trust. USDG represents the sixth digital asset to be successfully issued by Paxos, the first from Paxos Digital Singapore. Its digital assets include PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG), which are issued by Paxos Trust Company, LLC, a limited purpose trust company overseen by the New York Department of Financial Services. Paxos International, a UAE-based affiliate of Paxos regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), issues the yield-bearing stablecoin Lift Dollar (USDL). Each of these assets provides users with a quality, 1:1 asset parity overseen by the highest levels of regulatory oversight. The company is the trusted partner for enterprises around the world to tokenize, custody, trade and settle assets.

DBS Bank, Southeast Asia’s largest bank by assets and recognized as the Safest Bank in Asia for 16 consecutive years by Global Finance, will serve as Paxos’ primary banking partner for cash management and custody of USDG reserves. Dollars backing USDG will be held in reserve and managed by Paxos Digital Singapore via DBS.

The smart contract of USDG can be viewed via Etherscan and GitHub. Businesses interested in learning more about Global Dollar can contact the team at www.globaldollar.com.

About Paxos

Paxos is the leading regulated blockchain infrastructure and tokenization platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.

Paxos partners with leading global enterprises to tokenize, custody and trade assets. Its blockchain solutions are used by leaders like PayPal, Interactive Brokers, Mastercard, Mercado Libre and Nubank. Paxos is licensed to engage in virtual currency business activity by the NYDFS and is the issuer of numerous regulated digital assets including PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG). Its affiliate company Paxos International issues the yield-bearing regulated stablecoin Lift Dollar (USDL). Prudentially regulated by the NYDFS in the US, the MAS in Singapore and FSRA in Abu Dhabi Global Market, Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures.

FDUSD Expands to the Solana Blockchain to Further Strengthen and Bolster Access 1676

First Digital Group (“First Digital” or the “Group”), a leader in digital asset custody and trust services in Asia and parent company of FD121 Limited (also known as First Digital Labs), announces that First Digital USD (“FDUSD”) will be natively deployed to the Solana blockchain, further strengthening and bolstering access to the stablecoin.

The announcement was made at Binance Blockchain Week 2024, marking a significant milestone in First Digital’s commitment to delivering fast, secure, and cost-effective stablecoin transactions for global users. By integrating with Solana’s high-performance blockchain, FDUSD will leverage Solana’s ultra-fast transaction speeds, low fees and high scalability to meet growing demand for accessible, cross-chain stablecoin solutions by end of 2024.

As a fast-growing challenger in the stablecoin arena, FDUSD continues to provide diverse options to users and partners. By adding Solana to its growing list of supported blockchain networks, FDUSD will empower both retail and institutional users to take advantage of Solana’s scalability, unlocking new possibilities for cross-border payments, decentralised finance (DeFi), and everyday transactions.

With Solana’s impressive processing speed—capable of handling up to 65,000 transactions per second—users can experience near-instant transaction confirmations. This integration aims to support applications in areas such as DeFi and payments, driving greater utility and adoption of FDUSD across both emerging and established markets.

Vincent Chok, CEO and Founder of First Digital commented: “Expanding FDUSD onto Solana represents a significant step in our mission to enhance its accessibility, availability and utility across multiple blockchain ecosystems. Solana’s robust and scalable infrastructure will allow us to deliver even greater value to our users, supporting a wider range of financial use cases and enabling faster, more efficient transactions.”

Lily Liu, President of Solana Foundation, added: “As Solana continues to lead the way to redefining blockchain scalability and performance, we are excited to welcome FDUSD into our ecosystem. The integration of FDUSD on Solana will enable new possibilities for real-world, on-chain financial innovations.”

FDUSD is a 1:1 USD-backed stablecoin issued by First Digital Labs, the brand name of FD121 Limited. The FDUSD stablecoin is backed on a 1:1 basis by one U.S. dollar or assets of equivalent fair value, held in accounts of regulated financial institutions globally. Independent reserve audits are published monthly. FDUSD is currently available on Ethereum, BNB Chain and Sui.

About First Digital Group

First Digital Group (“First Digital”) is the parent company of First Digital Trust Limited, Asia’s leading qualified custodian and registered trust company, and FD121 Limited (also known as First Digital Labs), issuer of First Digital USD (FDUSD).

First Digital Group safeguards, advances and innovates to help clients navigate digital assets as well as benefit from trusted next-generation financial services.

First Digital was established in 2017 under the umbrella of the Legacy Trust Company, an established custodian and trust established in 1992 and registered under the Trustee Ordinance in Hong Kong. Its mission is to help clients benefit from a digital-first future by combining digital asset innovation with its strong foundation in trust, custody and asset management services. The Group’s custody and trust arm, First Digital Trust Limited, was established in 2019 and became a fully independent public trust corporation headquartered in Hong Kong with a presence across Asia.

First Digital Trust Limited has been recognised as one of HSBC’s ‘Emerging Giants in Asia Pacific’ Report 2022, while its innovation subsidiary, FD121 Limited (a.k.a. First Digital Labs), is the issuer of the FDUSD stablecoin.

Website: www.1stdigital.com

About First Digital Labs

First Digital Labs is the brand name of FD121 Limited, a Hong Kong-registered subsidiary under the First Digital Group. First Digital Labs focuses on cutting-edge research and development, specialising in the innovation and advancement of digital assets. First Digital Labs is the issuer of the FDUSD stablecoin.

To learn more about First Digital Labs, visit https://firstdigitallabs.com/

DLive: Revolutionizing Live Streaming with Community Focus and Blockchain Integration 1421

DLive, a popular live streaming platform, has experienced significant growth and transformation. The platform has established a reputation for its commitment to both community safety and freedom of speech, setting it apart from other streaming services.

One of the most notable improvements has been in the area of content moderation. DLive has implemented robust policies that effectively balance the need for a safe and inclusive platform with the principles of free expression. This has helped to address concerns raised in the past about the platform’s potential to serve as a haven for extremist ideologies.

DLive’s slogan, “Your Stream, Your Rules!” reflects the platform’s dedication to empowering creators. While freedom of expression is a cornerstone of DLive, it is tempered by a responsibility to maintain high-quality standards and ensure a safe environment for all users. These efforts have attracted a diverse audience to DLive, making it a popular destination for streamers and viewers alike.

To foster a thriving community of creators, DLive has implemented a multi-tiered partnership program offering exclusive features and collaboration opportunities. By meeting specific criteria, such as having a certain number of followers, subscribers, and active streaming hours, streamers can qualify for these partnerships.

The APENFT Streamer Incentive Program is one such partnership program. Launched on May 10th, 2024, with token sponsored by the APENFT Foundation, this program rewards DLive’s Affiliate and Partner streamers for creating high-quality content. Streamers earn points by maintaining a consistent streaming schedule, engaging with their audience, growing their fan base, and participating in various activities. These points determine their share of the total prize pool, which is distributed in reward tokens at the end of the season. Any attempts to manipulate the system result in disqualification, and reward tokens are only distributed to those who provide their HTX UID.

DLive has also demonstrated a strong commitment to fostering partnerships and collaborations within the gaming and entertainment industry. The BIGTIME weekend event, where DLive partnered with BIGTIME, an AAA MMORPG web3 game, to recruit over 50 streamers, showcased the platform’s diverse range of content and introduced new users to both platforms. By offering exclusive rewards, DLive and BIGTIME incentivized viewers to tune in and engage with the content.

DLive’s integration with blockchain technology has been a pivotal factor in its recent growth and success. The platform leverages the TRON and BitTorrent blockchain for its donation systems, providing a secure and transparent way for users to support their favorite streamers. This integration has also enabled DLive to offer unique features and benefits to both streamers and viewers, such as the ability to earn and spend cryptocurrencies within the platform ecosystem.

By harnessing the power of blockchain and prioritizing community safety, freedom of speech, and creator empowerment, DLive has positioned itself as a leading live streaming platform. Its commitment to fostering a thriving community and providing a diverse range of content has attracted a growing user base and solidified its reputation as a platform that values both creators and viewers.

GAM3S.GG Supercharges Platform with Arbitrum Integration and GAM3 Awards Partnership 1311

GAM3S.GG, the leading web3 gaming discovery platform with over 1 million registered users, today announced a comprehensive partnership with Arbitrum that includes both technical integration and event sponsorship. The collaboration marks a significant milestone as GAM3S.GG moves its on-chain infrastructure to the faster and more scalable Arbitrum network, while also welcoming Arbitrum as a key sponsor for the third annual GAM3 Awards.

The infrastructure migration encompasses GAM3S.GG’s complete Web3 ecosystem, including token and staking contracts, the platform’s quest engine with NFT distribution capabilities, and the Battle Pass system’s on-chain layer for Season 1. This strategic move aims to enhance the platform’s performance and scalability, with significantly faster transaction speeds and lower fees, for its growing user base.

“We’re excited to announce that GAM3S.GG’s on-chain infrastructure, including our $G3 token, quest engine, and Battle Pass system, are now powered by Arbitrum,” said Omar Ghanem, Co-founder and CEO of GAM3S.GG. “This integration delivers faster transactions and scalable solutions to all of GAM3S.GG’s users. We’re also excited to have Arbitrum as one of our key partners of the 2024 GAM3 Awards, where we’ll recognize the best in web3 gaming across the entire space.”

Nina Rong, Head of Ecosystem Development at The Arbitrum Foundation, added: “The GAM3SGG team and platform have consistently stood out as leaders in driving Web3 gaming forward in an impactful way,” said Nina Rong, Head of Partnerships at Arbitrum Foundation. “We’re excited to support the growth of their platform on Arbitrum, and we look forward to seeing the questing and battle pass system deepen gamer retention across Web3 games.”

The 2024 GAM3 Awards, set to be hosted live for the first time in Manila, Philippines, builds upon last year’s success which saw over 450,000 votes cast from 50,000 live viewers. This year’s ceremony features an expanded scope with 70+ jury members, 21 categories, and $5 million in prizes. Games built on Arbitrum have received 14 nominations across various categories, with standout titles including:

  • The Beacon: Nominated for Best Adventure Game, People’s Choice, Best Browser Game, and Best RPG
  • Pirate Nation: Nominated for Game of the Year, Best On-Chain Game, Best Card Game, Best Casual Game, People’s Choice and Best Browser Game
  • AI Arena: Nominated for Best Fighting Game and People’s Choice

Additionally, Arbitrum has been nominated in the new “Best Ecosystem” category, highlighting its growing influence in the Web3 gaming space.

Voting has commenced and will run until November 15th: gam3awards.com

About GAM3S.GG

GAM3S.GG is a web3 gaming superapp with over 1 million registered users that curates and creates content to spotlight the top games and showcase reviews, guides, news, quests, annual awards, and more. GAM3S.GG has built the #1 web3 gaming discovery platform over the past 3 years, as it continues to grow into the one-stop-shop for web3 gaming to help onboard millions of gamers, allowing them to engage with blockchain-powered games in unprecedented ways and becoming the ultimate bookmark on every gamer’s device. For more information: www.GAM3S.GG

About The Arbitrum Foundation

The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum. Arbitrum One—a leading Ethereum Layer-2 scaling solution initially developed by Offchain Labs—offers ultra-fast, low-cost transactions with security derived from Ethereum through Optimistic Rollup technology. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 54%+ TVL in the L2 segment. 2000+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.