Malta Regulator Issues Virtual Assets 10342

The Malta Financial Services Authority (MFSA) has now published a Virtual Financial Assets (VFA) Rulebook specifically pertaining to the regulation of Issuers of VFAs under the Virtual Financial Assets Act (VFAA). However, it seems that the publication of this rulebook has not got down very well with financial services providers who spoke to CCN. Some have lamented that it is onerous and over-cautious in several aspects and makes business slightly more complicated where cryptocurrencies and blockchain are concerned.

Joseph Borg, Partner at WH Partners said that although the publication of the rulebook was a positive step, this needs to be polished to be actually effective.

“I strongly suggest to stakeholders to participate in this consultation in order to help the MFSA come up with a well-balanced regulatory framework that is robust and attractive at the same time. It is clear that some things published in the rule book need to be polished and, in some cases, toned down. However, if sensible responses with workable solutions to the consultation paper are received, I am sure that our regulators will take them on board and fine-tune the framework accordingly”, Borg said.

“The two consultation papers relative to the first two chapters of the ‘Virtual Financial Assets Rulebook’ provide a well-defined framework for what will constitute the eventual two chapters of the Rulebook,” he stated. “There are some issues which merit further discussion with the regulator, and in fact, as interested parties in this space, we have already provided our feedback for relative amendments and clarifications within the time frame of the conclusion of the first consultation period relative to the first chapter. We are currently reviewing the second consultation paper relative to the second chapter, issued just two days ago and we will provide with our feedback to the regulator in due course.”

Other stakeholders who spoke on condition of anonymity said that the rulebook needed to be drastically revised to be effective as in it’s current state, it was a ‘no go’.

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Growing the Buz Economy: Announcing the Social Intelligence Paranet Launch 2049

In the rapidly evolving world of tech and finance, the demand for innovation and adaptability is higher than ever, driven by a quest for transparency for internet users. LunarCrush has been at the forefront of Social Intelligence, converting human-driven insights into actionable information for both retail and institutional stakeholders. Originally focusing on the crypto industry, LunarCrush’s Social Intelligence now extends across diverse sectors such as technology, politics, travel, music, and more. Recognizing the convergence of crypto, the Internet, and Artificial Intelligence (AI), LunarCrush is making a significant leap forward in their transparency efforts through social intelligence. By launching the Social Intelligence Paranet on the OriginTrail Decentralized Knowledge Graph (DKG), LunarCrush aims to enhance content collection through incentivized crowdsourcing and enable the creation of AI-powered services on this trusted knowledge base.

The Decentralized Knowledge Graph and the Social Intelligence Paranet

The Social Intelligence Paranet will operate on the OriginTrail DKG, a permissionless peer-to-peer network that ensures all social content published to the Paranet is discoverable, verifiable, and attributed to its owners. This setup allows AI services leveraging this knowledge base to avoid challenges like hallucinations, managed bias, and intellectual property violations. For an in-depth understanding of the technical design of paranets, DKG, and decentralized Retrieval-Augmented Generation (dRAG), we recommend reviewing the OriginTrail Whitepaper.

The Social Intelligence Paranet Initiative

Aligned with LunarCrush’s growth trajectory, the Social Intelligence Paranet will initially target the crypto sector, attracting high-quality content creators and community members from various crypto projects. LunarCrush will also mine knowledge tied to their social insights, such as Alt Rank, Top Creators, and Sentiment analysis. Beyond knowledge mining, the Social Intelligence Paranet will feature the first AI-powered tool to interact with top knowledge assets on the Paranet, supported by LunarCrush. This AI-powered tool will be accessible to users paying with BUZ tokens. All BUZ tokens spent by users will be recycled as additional rewards for knowledge mining.

In the upcoming weeks, a comprehensive proposal for the Social Intelligence Paranet will be submitted to the NeuroWeb community for approval. The proposal will include:

  • Knowledge Assets created from LunarCrush APIs
  • An incentives model for knowledge miners targeting the first category of knowledge
  • A demo of the LunarCrush AI tool

Advancing the Wisdom of the Crowds

The traditional wisdom of the crowds concept eliminates idiosyncratic noise associated with individual judgment by averaging a large number of responses. Social Intelligence takes this concept further by unlocking actionable information through high-quality, curated knowledge enhanced with specific domain expertise. The rise of AI introduces the potential for another leap forward in extracting wisdom from a vast body of knowledge. Incentivized crowdsourcing to collect superior social content provides an ideal foundation for AI services to uncover wisdom that is not immediately apparent. While a conversational tool is the initial step, subsequent developments will include AI agents performing comprehensive tasks such as market analysis and prediction market suggestions. As the Social Intelligence Paranet expands beyond the crypto field, it promises to support enhanced decision-making powered by the wisdom of the crowds across various topics.

Unlimit partners with Alchemy Pay to streamline fiat-to-crypto purchases worldwide 2315

Global fintech company Unlimit today announced the expansion of its long-standing partnership with Alchemy Pay, the leading fiat-crypto payment gateway, aimed at enhancing its growth in key target markets, like the EU, SEA and LatAm, with the support of Unlimit’s extensive payment method portfolio.

Alchemy Pay facilitates fiat-to-crypto purchases across 173 countries, with strong coverage in Europe, Latin America, and Southeast Asia. The company is dedicated to providing accessible, user-friendly payment solutions that promote the global adoption of cryptocurrency by seamlessly connecting fiat and crypto economies.

Through this partnership, Alchemy Pay will streamline settlements and offer a wide range of global and local payment methods, including Visa, Mastercard, SEPA, and Google Pay, to consumers worldwide, guaranteeing a high level of security and service for individuals. It will also allow Alchemy Pay to expand its presence in key markets, reduce customer churn, and enhance customer loyalty by providing preferred payment options.

Irene Skrynova, the Chief Customer Officer at Unlimit, said: “We are excited to support Alchemy Pay on their mission to connect the world of traditional payment methods with the world of crypto. At Unlimit, we believe in ‘borderless payments’ and have dedicated over 15 years to making this a reality for our customers globally. This partnership brings us closer to an ‘omnipayment’ future, bridging the gap between Web2 and Web3.”

Alchemy Pay’s Ecosystem Lead, Robert McCracken said: “Our partnership with Unlimit will provide massive benefit to end users, by allowing Alchemy Pay to offer wider global coverage, lower costs, and improve transaction success rates. Their global payment experience and expertise will bolster our rapidly expanding suite of services which continue to be mainstream-friendly while ensuring security and stability in all areas. This is a great step forward.”

About Unlimit

Founded in 2009, Unlimit is a global fintech company that offers a large portfolio of financial services, including payment processing, banking as a service (BaaS), and an onramp fiat solution for crypto, DeFi, and GameFi. The company’s mission is to deliver solutions that eliminate financial borders, enabling businesses to operate both locally and internationally with ease across Europe, the UK, LATAM, APAC, India and Africa. Unlimit has 700 employees across 16 offices and five continents, including London, Singapore, São Paulo, Hong Kong, and Mexico. For further information, please visit: www.unlimit.com.

About Alchemy Pay

Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off Ramp, Crypto Card, Web3 Digital Bank, Crypto Payments and NFT Checkout, Alchemy Pay supports payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. Additionally, our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain.

Major Advancement for MNT Node Holders 2730

Minutes Network Token team are pleased to announce two new initiatives that significantly upweight their Node holder rewards program.

First, the share of Epoch rewards allocated to Node holders has been increased from 60% to 70%, and this additional 10% is excluded from the algorithmic burn process.

Second, all Node holders will share from a specific 37.5million MNT reward pool which will be distributed over the first twenty-four months.

With Switch Nodes requiring a minimum stake of 50,000 MNT and Validation Nodes 10,000 MNT, the holder of each type of node can receive incremental rewards of 37,500 and 7,500.

This means each Node is set to potentially return up to 75% of Node holders initial token stakes over the first two-years which are additional to the monthly epoch MNT rewards.

The MNT Head of Token said “We listened very carefully to the interests of Node holders as they are critical stakeholders to the success of the project. These innovations significantly enhance the rewards available to node holders and provide a compelling reason for people to own as many nodes as they can.”

The full details can be found in the MNT Whitepaper accessible at minutesnetworktoken.io/whitepaper.

There are 119 Switch Nodes and 1069 Validation Nodes available for staking. Purchase nodes can be done by visiting portal.minutesnetworktoken.io.

About Minutes Network Token

Minutes Network Token (MNT) is a product of Minutes Network Token LLC, a company incorporated in St. Vincent and the Grenadines, Company Number 095LLC2022.

Minutes Network Token is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

MapleStory Universe Unveils Nexpace Protocol Today 2648

NEXPACE, a blockchain subsidiary of Nexon Group focused on expanding IP, today unveiled its proprietary NXPC token for the MapleStory Universe. NXPC aims to bolster both the in-game experience for users and support the overall MapleStory Universe ecosystem by enabling community contributors to take part in item creation in-game, a role traditionally reserved for game service providers.

NXPC’s innovative protocol is designed to foster sustainable ecosystem growth by balancing in-game item distribution while encouraging active user participation. With NXPC, contributors can interact with in-game items within MapleStory Universe, promoting a natural flow of community-driven growth. Supported by blockchain technology, items can be seamlessly integrated into the ecosystem, offering incentives for the community to participate and engage actively.

Sunyoung Hwang, Executive Director of NEXPACE, said: “The introduction of NXPC and blockchain technology to the 21-year legacy of MapleStory IP underscores our confidence in their transformative ability to revolutionise the gaming experience for all. The NXPC token aligns user incentives with the long-term growth of the ecosystem by distributing the ability to create items to contributors, fostering a continuous virtuous cycle of enjoyable experiences and growth of the IP. We look forward to our robust pipeline ahead, including releasing new information on the tokens within the year, as well as the various updates on the ecosystem and the PC MMORPG MapleStory N.”

The supply of IP items that can be redeemed through NXPC is limited per cycle, which is renewed on a regular basis, balancing the flexibility and the health of the in-game economy. The element of scarcity also reinforces the mutual increase in IP item value and NXPC value over time in a sustainable manner, laying the foundation for the long-term growth of the MapleStory Universe.

To elucidate NXPC mechanics, MapleStory Universe has introduced ‘Token Comics,’ which serves to demystify blockchain technology while strategically expanding the MapleStory Universe ecosystem. The comics act as a bridge between the gaming culture and blockchain innovation, providing an engaging medium to introduce complex concepts of digital ownership. Through this educational series, MapleStory Universe aims to enhance community engagement and cultivate awareness of its mission to reshape the future of online games with blockchain innovations.

About NEXPACE

NEXPACE is an IP-expanding project based on blockchain technology that utilises NFTs. The goal of NEXPACE is to bring creators and users together, fostering an innovative games community where members can experience various games and content developed by other members. With its blockchain technology, NEXPACE provides transparent and secure services, encouraging creators to freely express their ideas while users enjoy these fresh inventions. This represents the philosophy and ambition of NEXPACE.

MapleStory Universe Official Links
Official Website: msu.io
Official X: x.com/MaplestoryU
Official Medium: medium.com/@MaplestoryU
Official Discord: discord.gg/MaplestoryUniverse
Official YouTube: https://www.youtube.com/@MapleStoryU
Official Facebook: www.facebook.com/MapleStoryU.Official/

RD Technologies and LianLian Global Partner on Revolutionizing Cross-Border Transactions with Stablecoin 2789

RD Technologies announced today that it has reached an intent of cooperation with LianLian Global, to streamline and enhance cross-border transactions through the use of stablecoins. The partnership will leverage LianLian Global’s vast network and RD’s stablecoin to deliver a settlement network that is expected to enhance transaction speed and reduce costs.

Based in Hong Kong and facing the world, RD Technologies’ mission is to facilitate cross-border trade and financial transactions through the provision of efficient, safe, and innovative payment solutions for businesses. RD Technologies aims to contribute to the development of Hong Kong as a trade and financial hub in Asia through the use of Web2 and Web3 technologies.

LianLian Global is one of the leading cross-border payments company that helps eCommerce companies operate more effectively across the globe. With the utilization of HKDR, businesses within LianLian Global’s ecosystem will gain enhanced efficiencies in both cost and speed by using blockchain technology to settle cross-border transactions.

Rita Liu, Chief Executive Officer of RD Technologies, highlighted, “Today’s collaboration with LianLian Global marks RD Technologies’ ongoing commitment to expanding the future adoption of HKDR in cross-border payments. We look forward to the positive impact this collaboration will have on the broader market and the advancement of the Web3 ecosystem.”

About RD Technologies:

RD Technologies Group (RD Technologies) deploys innovative Fintech solutions to connect the business world by trust. RD Technologies is a unique financial platform that connects the Web2 and Web3 world and market participants, which was launched in November 2023, and Hong Kong Dollar stablecoins to be tested shortly under the HKMA sandbox. Based in Hong Kong and facing the world, RD Technologies’ mission is to facilitate cross-border trade and financial transactions through the provision of efficient, safe, and innovative payment solutions for businesses, thereby contributing to the development of Hong Kong as a trade and financial hub in Asia.

The world of Web3 holds great promise for the future, and stablecoins play a crucial role in this evolving landscape. RD Technologies plans to engage regulated exchanges globally as well as payment partners to enable more cost and time-efficient cross-border payments and settlements. By leveraging our strong partnerships with licensed financial institutions, RD Technologies aims to drive the mainstream adoption of HKDR. Additionally, RD Technologies will develop innovative use cases that showcase the benefits of compliance, ensuring the safety and security of HKDR to all its users.

For details: https://rd.group

About HKD Stablecoin (HKDR):

On 18 July 2024, RD Technologies disclosed that its subsidiary, RD InnoTech Limited, was admitted to the stablecoin issuer sandbox of the Hong Kong Monetary Authority (HKMA). RD Technologies will be conducting testing for various use cases of its proprietary Hong Kong Dollar Stablecoin (HKDR).

HKDR is the Hong Kong Dollar stablecoin that RD Technologies is exploring to launch. HKDR’s value will be 1:1 in Hong Kong dollars, and its backing reserves will be made up of high-quality, highly liquid assets safe-kept in a segregated custody account with licensed financial institutions. Details of the reserves will be available to the public through independent third-party attestation reports published on a regular basis.

For details: https://rd.group/hkdr

About LianLian Global:

LianLian Global, as a core brand of Lianlian Digitech, is a comprehensive and innovative enterprise in cross-border finance and services in China. With strong compliance strength and technological innovation capabilities, LianLian Global has built a global financial network to reach the world and a trade service network to cover the entire life cycle of merchants. Focusing on the core needs of cross-border enterprises, LianLian Global, together with industry eco-partners, has created a one-stop cross-border trade service platform that integrates store opening assistance, global funds collection, global acquiring, global payout, Lianlian FX, Lianlian financing service platform, tax refund assistance and other services to help Chinese brands expand their overseas markets.

Embrace Friendship and Joy with $FUKU: The New Token Inspired by the Next-Gen Doge 2751

In a move that unites the spirit of the iconic Doge meme with the love of new beginnings, the $FUKU token has officially launched to commemorate the friendship between KabosuMama, the beloved owner of Kabosu (the Shiba Inu behind the Doge meme), and her new friend, Fuku-kun. Drawing on the warmth and joy that Fuku-kun brings to their lives, $FUKU aims to foster a culture of friendship, happiness, and collaboration within the crypto community.

Launched on August 8, 2024, $FUKU has quickly gained traction across the crypto landscape, securing listings on over 10 exchanges and being verified on numerous platforms. With a maximum supply of 420,690,000,000 tokens, the project features unique elements such as LP burned, 0% taxes, no team-controlled tokens, and a renounced smart contract, all of which are designed to build trust and transparency.

The $FUKU community has already seen significant engagement, with contributions to trending efforts, numerous fan art creations, and widespread social media buzz. These successes highlight the project’s resonance with the broader Doge community and its potential to grow even further.

“$FUKU is more than just a meme token; it’s a celebration of the simple joys that Fuku-kun represents,” said a spokesperson for the project Mr. Lightspeed. “We’re thrilled to see the enthusiasm from the community as they embrace this new chapter in the Doge legacy.”

Security Assurance:

In terms of security, $FUKU is committed to transparency and safety. The project is currently undergoing an audit by Cyberscope. Once completed, the audit will be visible wherever the project is listed, providing additional confidence to our token holders.

How to Buy $FUKU:

$FUKU is now available for purchase on multiple centralized exchanges (CEX) including MEXC, LBank, Bitmart, and others. For decentralized exchange (DEX) enthusiasts, $FUKU can be acquired via Uniswap by following these simple steps:

  1. Use a hot wallet like MetaMask or Coinbase Wallet, or a cold wallet like Ellipal.
  2. Fund your wallet with ETH through your preferred method, ensuring you have enough to complete the transaction.
  3. Connect your wallet to Uniswap.org, select ETH, and enter $FUKU’s contract address.
  4. Complete the swap and join the $FUKU community.

The $FUKU project will continue to expand its reach, with plans for further exchange listings, community-driven initiatives, and collaborations that align with the token’s core values of joy and friendship.