NetCents Crypto Credit Card to Help Increase Mainstream Adoption 5744

NetCents cryptocurrency credit card will be accepted at 40 million merchant locations globally in an effort to directly compete with Visa and Mastercard. The company will also integrate its loyalty programme with its crypto credit cards to encourage and reward users for spending digital currencies.

NetCents Technology, a Canada-based payments processing company, has unveiled its new digital currency credit-card service — which will be operational in the domestic market by Q4 2018, and the European markets by early 2019. This service has been launched to make it extremely easy for cryptocurrency enthusiasts to spend their digital currency holdings.

NetCents will employ its Instant Settlement technology to convert crypto holdings into fiat instantly. Cardholders will thus benefit from a real-time facility for purchases and merchant payouts. NetCents card doesn’t require pre-loading of digital currencies to eliminate the risks of crypto-price fluctuations between loading and spending. At any given time, cardholders can spend any three NetCents supported digital currencies.

NetCents customers can also link their crypto credit cards directly with their native wallets for the seamless spending of their digital currency wallet holdings. Users can also connect the card with the NetCents mobile application. The crypto credit card will feature a pin, chip, magnetic stripe and NFC functionality.

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Hashflow Announces $3.2M Seed Round To Bring Professional Market Makers to DeFi, Backed By Dragonfly Capital and Electric Capital 25031

Hashflow, a decentralized exchange connecting DeFi traders with top crypto market makers, has closed a seed funding round of $3.2 million from leading venture capital firms and angel investors. The round was led by Dragonfly Capital and Electric Capital, and joined by IDEO Ventures, Alameda Research, Metastable, Galaxy Digital, Unanimous Capital, and angels including Balaji Srinivasan, Kain Warwick, & Ryan Sean Adams.

Decentralized exchanges on Ethereum have seen rapid growth over the past year with over $215 billion traded on DeFi alone in Q1 2021. This growth can be credited to the popularity of Automated Market Makers (AMMs) which catalyzed DeFi’s explosive growth by offering a simple and permissionless on-chain trading experience. Hashflow builds upon this foundation laid by AMMs, by connecting DeFi traders with top crypto market makers. Using Hashflow, traders can receive price quotes directly from market markers and broadcast trades on-chain using Web3 wallets in a fully trustless manner. By replacing AMM bonding curves with professional market makers, Hashflow offers traders better prices, zero slippage, & the lowest gas costs of any decentralized exchange on Ethereum.

For market makers, Hashflow provides access to the expanding DeFi market while allowing full control over their inventory and pricing strategies. Until now, market makers have had to deploy capital in public liquidity pools, use pre-defined pricing functions, and pay heavy gas fees to change strategies on-chain. With Hashflow, market makers can use bespoke pricing strategies and bridge them on-chain using digital signatures. This gives market makers full control over their capital, and flexibility to adapt to market conditions, using strategies informed by years of experience in centralized markets.

Jon Kol, Director at Galaxy Digital, a leading cryptocurrency investment firm and market maker, commented: “Hashflow is the first project we’ve backed that seamlessly allows market makers to quote prices effectively to DeFi traders.”

Hashflow launched its closed private alpha product this week, with market makers offering price quotes to traders on Ethereum mainnet. In the coming weeks, Hashflow plans to integrate more market makers, and add additional asset pairs that dominate on-chain trading volumes. General audiences will be able to access Hashflow and trade on-chain with market makers by the end of Q2.

Sharing Economy International Invests to develop NFT Technology into ECrent to Open Up Digital Items Sharing 22748

Traditionally, when we talk about sharing economy, people would think about cars, bicycles, mobile rechargers, apartments, or may be even umbrella, toys, etc. All about sharing economy has been some solid tangible things which be shared out to the needed consumer through a rental arrangement. The sharing item will go and come back through physical transactions. But in the digital world, digital products such as digital arts, music, video games are more difficult to control and record the ownership and usage through a P2P sharing model.

As the pioneer in the sharing economy market, based on the Sharing Block engine which is the transaction engine based on blockchain technology that Sharing Economy International Inc. (OTCQB:SEII) has developed to handle the transactions of sharing items between people in ECrent today, SEII engineers and technology partners while revamping and improving the ECrent platform and applications, also decides to add NFT technology on top of the Sharing Block engine. NFT technology will allow users to share their digital products and assets to other people, either free of charge, or at a defined fee by the digital product owner.

“NFT gives a breakthrough to the sharing market which allows us not only to share our tangible items, but also any of the intangible digital items,” said Parkson Yip, SEII’s advisor on corporate development. “SEII is always looking for solutions which can improve the ways how people can share. Apart from drills, cars, bicycles, there is always a market need for the sharing of digital products, and ECrent being the platform in helping people to connect through sharing their resources, we must move fast into the digital product sharing market.”

“Blockchain technology fits very well with the development of sharing economy solutions. Its secured decentralised ledger concept can help us to develop a secure and trustful P2P sharing solution based on ECrent. With the development of NFT technology, we will be able to extend to facilitate the sharing of digital items between people as well. We can see that NFT will apply to a lot of digital items, as well other items, such as art works, which facilitate the tracing of ownership and transaction history of the items with a very trustful mechanism. While NFT is attaching directly with the products, the information would allow cross-platform support, so items can be shared through different platforms as well, as soon as we all follow the same protocol,” says Yip.

BIT Mining Limited Announces Trading of ADSs under New English Name and New Ticker Symbol 21687

BIT Mining Limited (NYSE: BTCM) (“BIT Mining Limited” or the “Company”), a leading cryptocurrency mining enterprise, formerly known as 500.com Limited (NYSE: WBAI), today announced that its American Depositary Shares (“ADSs”), each representing the right to receive ten (10) Class A ordinary shares with par value of US$0.00005 per share of the Company, began trading under the Company’s new English name, “BIT Mining Limited”, and its new ticker symbol, “BTCM”, effective at the opening of trading on the NYSE on Tuesday, April 20, 2021 (U.S. Eastern Daylight Time).

Historical trading data of the Company’s ADSs prior to April 20, 2021 may not yet be available on certain third-party websites and apps when searching for “BIT Mining Limited” and/or “BTCM”, in which case such data may temporarily be found under “500.com Limited” and/or “WBAI”.

About BIT Mining Limited

BIT Mining Limited (NYSE: BTCM) is a leading cryptocurrency mining enterprise, with a long-term strategy to create value across the cryptocurrency industry. Since announcing its entry into the industry in December 2020, the Company has: (i) purchased and deployed bitcoin mining machines with a theoretical hash rate capacity of approximately 1,031.5 PH/s; (ii) acquired three hydroelectric cryptocurrency mines with combined electric power capacity of 435MW, by purchasing a controlling stake in Loto Interactive Limited (HKEX:08198); and (iii) acquired the entire mining pool business of Bitdeer Technologies Holding Company operated under BTC.com, including the domain name and the cryptocurrency wallet of BTC.com. The Company has also entered into a definitive agreement with Bee Computing (HK) Limited, a 7-nanometer cryptocurrency mining machine manufacturer, in order to help sustain the Company’s continued growth.

Safe Harbor Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

As Digital Currencies Gain Popularity, FPA and RIA Digital Assets Council Announce Education-Focused Partnership 23428

According to the RIA Digital Assets Council, 80% of financial advisers receive questions from clients about bitcoin, but only 8% can adequately explain digital assets. As cryptocurrency becomes more mainstream, now is the time for financial planners to build competency in this asset class. To support financial planners, the Financial Planning Association® (FPA®) and RIA Digital Assets Council (RIADAC), a digital assets educational source for financial planners, announced a strategic partnership to provide education on the application of blockchain and digital assets.

“I’m pleased FPA has this opportunity to work with RIADAC to build our members’ competency in digital assets, which will allow them to augment their knowledge and better serve clients,” says Patrick D. Mahoney, FPA chief executive officer. “As the leading membership association for CERTIFIED FINANCIAL PLANNER™ professionals, we need to be on the cutting edge of supporting our members as they look to sharpen their knowledge and build their competencies. This partnership with RIADAC is consistent with that objective.”

FPA and RIADAC will provide educational programming and a wide range of content to help FPA members understand the complexities of cryptocurriencies and provide expert advice on how this transformational asset class can impact their clients’ financial plans. As an FPA partner, RIADAC’s educational content and thought leadership will be available to FPA members through a variety of channels:

  • RIA Digital Assets Council Certificate in Blockchain and Digital Assets: FPA members will receive a 50% discount when enrolling in RIADAC’s certificate program that provides financial planners practical literacy on blockchain and digital assets and introduces available options for a firm’s investment management strategy. The inaugural class debuts on Apr. 30, 2021.
  • FPA Blockchain & Digital Assets Community: FPA members will engage with dynamic guests and thought leaders from RIADAC in virtual, interactive discussions and exchange ideas with peers in the FPA Connect Blockchain & Digital Assets community.
  • Journal of Financial Planning: RIADAC will regularly contribute thought leadership content to help financial planners understand blockchain and digital assets in FPA’s flagship publication, the Journal of Financial Planning.
  • FPA Annual ConferenceRic Edelman, founder of RIADAC, will present an informative session on blockchain and digital assets at the FPA Annual Conference in Columbus, OhioSept. 22-24, 2021.

“Gaining vital knowledge about this new asset class will help financial planners attract more clients and serve them better,” said RIADAC Founder Ric Edelman. “We’re honored to be partnering with FPA to help financial planners who are committed to serving their clients’ best interests.”

Ric Edelman is known and recognized throughout financial services and his work to bring blockchain and digital assets education and awareness to the financial advisory community is commendable. I am pleased FPA members will have this opportunity to learn from Ric and his team at RIADAC,” says 2021 FPA President Skip Schweiss, CFP®, AIF®.

Over the coming months, FPA and RIADAC will explore additional educational initiatives and thought leadership programs that can benefit FPA members, their clients and the broader financial planning community.

Bitcoin Association launches Introduction to Bitcoin Development online course at Bitcoin SV Academy 21914

Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces the official launch of the Introduction to Bitcoin Development course at Bitcoin SV Academy. The course is available free of charge and can be accessed from today at http://bitcoinsv.academy.

Introduction to Bitcoin Development is part of the Bitcoin Development stream of Bitcoin SV Academy and has been designed to equip application developers with the skills, tools and techniques required to build applications on the Bitcoin SV network. The course covers Bitcoin as a data protocol – including reading, writing and advanced functionalities with the Bitcoin ledger, payment protocols, token protocols and smart contracts. At the conclusion of the course, participants will be tested on their knowledge through an online examination, with a course certificate available upon successful completion for those who have demonstrated proficiency and understanding of the subject matter.

Bitcoin SV Academy is an online education platform for Bitcoin which offers academia-quality, university-style courses and learning materials in three distinct streams, Bitcoin Theory, Bitcoin Development and Bitcoin Infrastructure. Developed and run by Bitcoin Association, Bitcoin SV Academy has been created to make learning about Bitcoin – the way creator Satoshi Nakamoto designed it – accessible, accurate and understandable.

The launch of Introduction to Bitcoin Development today follows the successful rollout of Introduction to Bitcoin Theory – the first course to be launched on Bitcoin SV Academy – in December 2020. Later this year, the first module in the Bitcoin Infrastructure stream Introduction to Bitcoin Infrastructure is due to launch, followed by intermediate and advanced level courses across the three streams.

NexChange Group and Marita Group Co-Host Africa Blockchain Week Virtual Summit to Showcase Continent’s Technological Leapfrog 22564

NexChange Group, a blockchain ecosystem and venture builder and MARITA Group, an African conglomerate will combine forces to co-host this Virtual Summit. The event will feature key industry players and decision-makers contributing to regulation, application, investment and education across many African countries.

Juwan Lee, Chairman of NexChange Group: “Africa is the next big move for blockchain. We see not just opportunities in the payment space and financial inclusion, but we see significant institutional involvement.”

The new reality has proven technology to be a bridge to a better future. Strong ties between African countries, like the cooperation South-South, encouraged by HRH Mohammed VI go beyond just politics. New economic bridges ensure that Africa is able to bypass certain steps on a technological stair, positioning itself ahead of the global curve. Described by the World Bank and called leapfrogging, it relies strongly on enhanced technologies including blockchain.

Rahhal Boulgoute, Chairman of Marita Group: “Blockchain will revolutionize Africa and provide opportunities for financial inclusion. It is important that we expose blockchain technology in Africa.”

The impact is seen on Africa’s financial map. Over the last years, digital banking and mobile payments have proven to be a real-life case study for millions of users, making people’s financial lives better, ensuring inclusion, and changing the game for the unbanked. Banks, enterprises, and entrepreneurs are changing the continent’s destiny, shaping the investment landscape.

This event backs the efforts of the African regulators to adopt the required regulations to embrace blockchain and become a main global player in the technologies shaping the future. The ambition of the Co-hosts is to make Africa Blockchain Week the key platform for dialogue and networking between all stakeholders in blockchain to transform it into a reality in Africa.

NexChange Group is a venture builder and media platform specializing in Blockchain, FinTech, HealthTech, AI, and Smart Cities.

Marita Group Holding is a global company focused on:

  • turnkey solutions in real estate development, theme parks, smart cities
  • Renewable energy and waste recovery, hydrogen production, electric mobility
  • sustainable agriculture and sustainable development
  • local mining development of natural resources
  • health, medical products, equipment and supplies