Iranians Turn to Bitcoin Amid Nuclear Deal Crisis 949

The President of the United States, Donald Trump, announced the country’s withdrawal from the Iran nuclear deal and the restoring of sanctions on the theocratic regime. In response, Iranians are turning to Bitcoin and cryptocurrency to protect their savings from potential future banking restrictions and currency volatility as sanctions storm in.

Iranians Turn to Bitcoin, Despite Launch of Local Cryptocurrency

Hassan Rouhani, the President of the Islamic Republic of Iran, could be the next state leader experiencing what cryptocurrencies can do for the sake of the people in times of trouble. Venezuela’s Nicolás Maduro has been through that and found it hard to tackle, while setting up the country’s own cryptocurrency, El Petro, at the same time.

The same way digital assets can provide refuge for people in oppressive and unstable regimes, such as Venezuela, sovereign governments may also be able to bypass sanctions enforced by foreign powers, such as the United States. In the case of Venezuela, U.S. President Donald Trump made clear that the purchasing of ‘El Petro’ was prohibited and U.S. Treasury Secretary Steven Mnuchin is authorized to use any necessary regulations to enforce the order.

Trump’s decision to leave the Iran nuclear deal sent shock waves through the country as sanctions could cripple its economy and shrink exports of oil and other goods. In anticipation of that outcome, Iran started developing a local cryptocurrency in 2017, which has been launched earlier in May.

Priscilla Moriuchi, director of strategic threat development at Recorded Future, told Forbes she is skeptical about El Petro’s success among investors and expects the same for Iran’s experimental cryptocurrency.

“The Petro will struggle to be exchangeable for hard currencies such as the dollar or the euro and this will limit its appeal to investors and users. Iran is likely to experience some of the same hurdles if it decides to create its own oil-backed cryptocurrency.”

Iranians, in the meantime, are rushing to Bitcoin in order to protect their savings. Forbes talked to one Iranian living in North America who wished to remain anonymous as his parents try to send him money via Bitcoin.

“With exchange offices closed, sanctions and the rial dropping like crazy it seems like a good idea to use Bitcoin. I know that there are a few people selling and buying Bitcoin in Iran with LocalBitcoins. For now, it seems like Bitcoin is literally the only way to get money out of the country, so I’m sure more people will be inclined to use it, but with the rampant inflation of the Iranian rial a lot of people won’t be able to afford it.”

More than $2.5 billion has fled Iran following the purchase of virtual currencies, according to Mohammad Reza Pourebrahimi, chairman of Iran’s economic commission. The country banned Bitcoin trading in April, but it is still possible to purchase cryptocurrencies if users use services such as mixers to obfuscate the origin and destination of their transactions.

 

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Gaming Revolution! SpookyZ’s technology instantly transforms any game you love into a Play-To-Earn Web3 game 2930

SpookyZ Gaming Studio is disrupting and reinventing the future of gaming by creating the first truly agnostic universal inGame wallet and payment gateway platform integrated with its own native token (SPZ). This key innovation allows SpookyZ’s technology to be seamlessly integrated into any existing classic Web2 or MMO game turning it instantly into a Web3 Play-To-Earn game, bringing new life and excitement to the games you love. SpookyZ is currently integrating the best in class multiplayer adventure games like Grand Theft Auto and DayZ, layering them with our technology to enable instant Play-to-Earn (P2E) immersive functionality.

SpookyZ’s technology is bridging the gap for traditional Web2 gaming studios to seamlessly enter the fast growing Web3 games market which is projected to grow to $67 Billion by 2027, by simply integrating and layering our technology effortlessly to their existing games.

SpookyZ has created a new metaverse ecosystem with innovative gaming economies, monetization models and game asset tokenisation, which is integrated with our SPZ native token. This ensures that gamers can earn real-world money while playing their favorite games, with an advance inGame wallet that seamlessly connect to MetaMask and other secure wallets allowing tokens to be freely traded, swapped, sold using both DEX and CEX exchanges ensuring unprecedented transparency of all inGame digital transactions. SpookyZ is providing the most sophisticated inGame economic model that can be easily and cheaply integrated into existing Web2 games, bringing a previously unimaginable layer of inGame dynamism to classic games we all love.

SpookyZ have implemented a simple, sophisticated inGame tokenomics model that always ensures that 2% of all transactions are burned, a 5% tax on transactions and 3% of SPZ tokens are paid to the inGame reward pool. SpookyZ has passed a comprehensive and stringent technology and Smart Contract Audit and KYC compliance conducted by SolidProof, a leading Tier-One German Blockchain Security Company. Giving Web2 gaming studios total confidence when integrating our technology including our investors, gamers and community.

SpookyZ allows players to have full access to all information about transactions, providing a Provably Fair and secure platform for total inGame peace of mind. Our technology gives gamers the ability to use their skills to make real-world money and build profits from playing their favorite games. How much money they make depends entirely on their inGame strategy and skill level, the possibilities is endless.

Another key SpookyZ innovation is that gamers will have full digital ownership of all their assets including any SPZ tokens. They have complete freedom to use, trade, swap, store, sell or cash out for real-world money, the choice is completely theirs.

SpookyZ have assembled an expert multidisciplinary team that is absolutely passionate about the transformational power of Web3 gaming. The aim of our team is to fundamentally change the way games are perceived and played. Our technology which can instantly transform any existing Web2 game into a dynamic Web3 game seamlessly is now commercially available bringing a new era in gaming. We are keen to work, collaborate or partner with investors, distributors or content creators. Please feel free to reach out to our team and let’s build the future of Web3 gaming together.

About SPOOKYZ

SpookyZ is disrupting gaming by utilising Blockchain to create new inGame economies and asset tokenisation that allows gamers to earn real-world money in our metaverse .We have created an agnostic universal integrated crypto wallet and payment gateway platform with its own native tokens (SPZ) that can be integrated into any Web2 game enabling it to become a Web3 P2E game, seamlessly bringing Blockchain and crypto to the masses.

Klever announces major investment commitment of $20M from GEM Digital Limited 3546

Klever is overjoyed to announce a defining moment in our pursuit of blockchain innovation: a remarkable $20 million investment commitment from GEM Digital Limited. This significant infusion, equally distributed with $10 million dedicated to each of our KLV and KFI tokens, is a resounding vote of confidence in our vision to transform the world of blockchain and web3. At Klever, we’re passionately crafting a future where blockchain technology and crypto wallets aren’t just powerful and secure but also incredibly user-friendly and inclusive. This milestone is a giant leap forward, reinforcing our unwavering commitment to innovation and our goal to democratize and make finance accessible for all.

Klever: A P2P Network For Everyone

Klever is a p2p network for everyone and is the embodiment of our commitment to pursue the dream of creating the most user-friendly and inclusive blockchain ecosystem.

At Klever, we’re driven by a core belief: Finance should be accessible to everyone. Since launching our first blockchain wallet in 2017, our mission has been to make finance universally accessible and free. We strive to unravel the complexities of blockchain technology, transforming it into a user-friendly blockchain tool for daily life. Today, with a fully-fledged blockchain ecosystem, we enable users to effortlessly invest, stake, create, and manage decentralized digital assets on one of the most sophisticated blockchains in existence.

For the first time, people in Nigeria can pay for food and goods using our Klever Wallet.

We’ve witnessed the challenges faced by developers and users in navigating the complex landscape of blockchain technology. Our solution? A platform where anyone, regardless of their country, beliefs, or technical expertise, can build and interact with blockchain technology. We make it so easy that everyone can use it.

Finance is complex and financial services are often exclusive, slow, expensive, and complicated.

We have found an opportunity to provide a blockchain hub and financial tools beyond the boundaries of social status, gender, religion, or nationality.

Looking ahead, this significant funding will accelerate our mission to make p2p financial services borderless, open, and accessible to all through our public blockchain network. We’re making waves towards a more inclusive, innovative, and user-friendly digital world.

Reinforcing the Open Source Movement

Klever’s investment in the open-source movement signifies our dedication to transparency, collaboration, and community-driven innovation. We believe that by embracing open-source principles, we can accelerate the development and adoption of blockchain technologies, making them more robust, secure, and versatile. This commitment to open source reflects our ethos of empowerment, inclusivity, and continuous learning within the blockchain community.

Control and Strategy in Token Utilization

Importantly, the decision to sell the tokens under this agreement rests entirely with Klever. We maintain full control over the timing, pricing, and quantity of tokens sold. This strategic approach ensures that our actions align with market conditions and our long-term vision, underscoring our commitment to responsible and thoughtful expansion. By retaining this control, Klever ensures that the investments are executed in a manner that best serves our community, stakeholders, and the overarching goals of our ecosystem. Through this multi-faceted approach, Klever is not just growing its financial and technological capabilities but is also strengthening its role as a leader in Blockchain and Web3, paving the way for a more inclusive and innovative digital future.

About GEM Digital Limited

GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.

Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.

GCEX Receives Operational VASP Licence from Dubai’s Virtual Assets Regulatory Authority 3833

GC Exchange FZE (GCEX), part of the GCEX Group, has been granted an Operational VASP Licence for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA).

GCEX, which opened its Dubai office in July 2022 and received its MVP (Minimal Viable Product) Preparatory License from VARA in February 2023, can now start market operations as a Virtual Asset Service Provider (VASP) in the Emirate of Dubai, enabling brokers, hedge funds, family offices and professional traders to access its deep liquidity in digital assets and range of technology solutions.

GCEX facilitates institutional access to digital assets through its proprietary XplorDigital trading solutions, which comprises of a technology-agnostic platform covering regulation, regulated custody, the safety of funds, tier 1 liquidity and technology (both back-end and front-end). GCEX only partners with regulated institutional digital custody and staking providers and always segregates client funds.

Mehtap Önder, Managing Director, GCEX in Dubai, commented, “VARA is leading the way in the global digital asset industry, and we are extremely proud to be one of the first firms to receive a VASP Operating Licence to provide Virtual Asset Broker-Dealer services and the first firm to gain approval to operate with a client money account, highlighting our focus on client protection.

“Being a regulated entity in the region is important to us – it’s the ideal way to demonstrate our commitment to adhering to international standards and implementing robust processes, with transparency and investor protection at the core of our offering. This is a major milestone for our business and is critical to GCEX’s growth strategy, enabling us to have a stronger presence in the region.”

GCEX Group enables institutional clients to access deep liquidity in FX and CFDs on digital assets, as well as digital assets spot trading and conversion as well as a broad range of trading solutions. Headquartered in London, with multiple offices across the globe, GCEX is regulated by the UK’s FCA and registered with the Danish FSA. True Global Ventures are investors in GCEX.

For further information, please visit gcexmena.com

About GCEX

Founded in 2018, GCEX is a pioneering regulated digital prime brokerage with a best-of-breed digital asset and FX platform for institutional and professional clients. GCEX has partnerships with Tier 1 trusted Liquidity Providers, leading counterparties and regulated digital custody asset institutions. GCEX offers a wide range of products and technology solutions including White Labels.

GCEX is a trading name of GC Exchange Limited, GC Exchange Fondsmæglerselskab A/S, GC Exchange A/S and GC Exchange FZE. GC Exchange Limited, a company incorporated in England and Wales (No11382809) with registered address at 75 King William Street, London, EC4N 7BE provides FX and CFDs products. GC Exchange Limited is authorised and regulated by the Financial Conduct Authority (FRN 828730).

Digital asset services are provided by GC Exchange A/S, a company incorporated in Denmark (CVR 43088777) with address at Amager Strandvej 390, 2770, Kastrup. GC Exchange A/S is authorised by the Danish Financial Supervisory Authority as a Currency Exchange (FTID 45020) and registered as a Virtual Asset Service Provider (FTID 17524) under the AML regulation.

GC Exchange Fondsmæglerselskab A/S, a company incorporated in Denmark (CVR 43345052) with address at Amager Strandvej 390, 2770, Kastrup. GC Exchange Fondsmæglerselskab A/S is authorised and regulated by the Danish Financial Supervisory Authority as an Investment Firm to offer FX and CFD products.

GC Exchange FZE is incorporated as a Limited Liability Free Zone Establishment under the Dubai World Trade Center Authority with registration number 1896. GC Exchange FZE has been granted a Virtual Asset Service Provider Licence by the Dubai Virtual Assets Regulatory Authority. For more information visit: https://www.vara.ae/

About VARA

Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

Grow Protocol Raises Over $15k In First Hours Of ICO Start 4221

In a pioneering development in the Web3 realm, GROW Protocol announces its debut as the “world’s first real blockchain passive income coin”.

Signifying a radical shift in earning techniques, GROW merges conventional revenue sources with the power of blockchain technology to create a protocol that ensures long-term viability and growth.

Addressing Common Challenges

The GROW Protocol addresses the common challenge of inflation in the staking landscape, offering an unmatched 25% annual percentage rate in USDT through external revenue sources, expertise from seasoned traders with more than two decades of experience, and the strategic implementation of fee structures and real-world applications.

The Ethereum blockchain network forms GROW’s backbone, owing to the network being cherished for its quick transaction times, flexibility, and strong scaling capabilities. The protocol’s native token, $GROW, is essential for accessing the platform’s features, ensuring a sustainable and balanced growth model with a carefully engineered supply of 100 million tokens.

When compared to traditional passive income projects that depend on community participation for upholding payments, GROW Protocol is a significant breakthrough.

Buy GROW

https://growprotocol.net

GROW Protocol’s Path to Success

The roadmap ahead for GROW Protocol symbolizes its commitment to growth and stability, encompassing KYC verification, security audits, DEX testing features, community growth initiatives, and numerous presale stages to ensure no one misses out.

Additionally, the roadmap extends to other innovative endeavors in the pipeline, including the launches of ‘GROW Exchange’, ‘Grow AI Trading Bot’ and a professional trading platform on Signal and Telegram.

The team behind GROW Protocol is dedicated to ensuring complete adherence to all relevant regulations to not only safeguard the project’s operations but also build trust among investors and stakeholders.

In a nutshell, the project’s mission is to pioneer a dependable and secure passive income stream that offers exciting investment opportunities for everyone – democratizing security and growth. With its revolutionary staking model, commitment to regulatory compliance, and vision for ongoing developments, GROW Protocol is set to reshape the economic destinies of investors worldwide.

https://t.me/RealGrowProtocol

GreaterHeat Launches Generative AI B2B Products & Services 4474

GreaterHeat Pte Ltd (GreaterHeat), a Singapore-headquartered visionary in AI and Web3 Infrastructure solutions, proudly announces today the official launch of its Generative AI B2B Products & Services. Designed to enable seamless integration of blockchain storage, cloud computing, and edge computing, GreaterHeat’s tri-layered service architecture offers a suite of services catering to every stage of an AI project.

First Layer – Robust Foundations: At the base, GreaterHeat provides solid infrastructure support, offering secure decentralised data storage solutions and scalable computational resources. With data centers strategically located in Singapore, Hong Kong, and Texas, USA, clients are assured of top-tier data security and access.

Second Layer – Accelerating AI: Tailored for enterprises with AI model R&D capabilities, GreaterHeat offers GPU and technological support to streamline model training and inference, addressing scalability and efficiency.

Third Layer – Comprehensive AI Solutions: As the pinnacle of its service offerings, GreaterHeat offers comprehensive AI solutions, overseeing all aspects from data handling, model establishment to final deployment, ideal for businesses aiming for rapid AI adoption without the need to set up their own AI team.

GreaterHeat’s generative AI services are tailored for corporate clients who can leverage AI to optimize business processes, enhance efficiency, and drive cost reductions. In an era marked by AI breakthroughs like ChatGPT and Midjourney, GreaterHeat stands as a pillar for companies aspiring to create sector-specific AI innovations.

“Generative AI is transforming the enterprise landscape, and at GreaterHeat, we’re unlocking its potential for every business. Our bespoke three-tiered service suite is more than a product — it’s a partnership. We believe in powering innovation while safeguarding the trust our clients place in us,” stated David Li, Chairman and CEO of GreaterHeat. “Our commitment to privacy, security, and efficiency is unwavering, as is our dedication to propelling our clients to the forefront of their industries.”

GreaterHeat places great emphasis on maintaining robust data privacy and ensuring that users have complete ownership of their personal information. The company prioritizes earning the trust of its users and rigorously adheres to the highest global standards for data compliance.

By implementing transparent practices and providing users with control over their data, GreaterHeat empowers individuals in the digital space. Leveraging the capabilities of Web3 technology, the company ensures that users can manage, monitor, and control access to their data with ease and security.

With a focus on Asia’s vast potential for AI, GreaterHeat is poised to tap into the region’s expansive market, drive industrial innovation, and address pressing societal challenges. The company invites forward-thinking businesses to embark on an AI journey marked by integrity, innovation, and insight. With GreaterHeat, the future of AI integration is here.

About GreaterHeat Pte Ltd:

Founded in Singapore in 2021, GreaterHeat swiftly emerged as a standout in the tech arena, specializing in AI and Web3 infrastructure. Transitioning from its roots as a blockchain service provider, the company evolved into a premier Web3 gateway, offering an extensive array of blockchain technology services. Anchored by an unwavering dedication to Web3 principles, GreaterHeat deftly ventured into pioneering AI infrastructure. This strategic shift involved substantial investments in computing and storage capabilities to navigate the intricacies of AI infrastructure. For more info about GreaterHeat, please visit: www.greaterheat.com

Alchemy Pay Joins Stellar Ecosystem to Offer Ramp Service for Developers and dApps 4679

Alchemy Pay joins the Stellar ecosystem as a new on and off-ramp provider. It is now possible for companies building on the Stellar network to access Alchemy Pay’s on and off-ramps for convenient fiat-crypto purchases of XLM and USDC. This integration brings the opportunity for developers and dApps within the Stellar ecosystem to seamlessly integrate the Alchemy Pay Ramp through accessible plugins and APIs and to incorporate cost-effective fiat-crypto transition services into their platforms, which are now featured in the Stellar Anchor Directory.

As a leading payment solution provider, Alchemy Pay has become a specialist in providing solutions that give crypto and Web3 services access to fiat payments for mainstream accessibility. The ramps are easily integrated on platforms such as DeFi protocols, NFT marketplaces, and Gamefi platforms, and enable direct purchase of crypto via credit and debit cards, mobile wallets, and bank transfers. Drawing upon extensive expertise, Alchemy Pay has fostered robust partnerships with significant networks and platforms such as Polygon, Avalanche, Algorand, Neo, Arbitrum, Binance, OKX, and Bitget. With its global coverage covering 173 countries and the payment network boosting 300+ local channels, Alchemy Pay Ramp is a truly global choice for developers and dApps to onboard their users from around the world.

Moreover, Alchemy Pay diligently seeks and obtains licenses related to payment and financial services to cater effectively to users across diverse countries and regions including the United States, Indonesia, and Lithuania. This proactive approach ensures heightened regulatory adherence and security. In addition, Alchemy Pay has earned credentials from industry titans Visa and Mastercard, solidifying its status as an authorized third-party payment service provider.

The Stellar network launched in 2014 and, as detailed in the Stellar Development Foundation’s new Q3 2023 Quarterly Report, the network processed 700M operations in the last quarter. Moneygram recently began developing its own wallet on Stellar. Companies from major enterprises to single-dev startups build on the Stellar network to move money and access new markets. Whereas the Bitcoin network was made for trading only bitcoins, the Stellar network is a decentralized, fast, scalable, and uniquely sustainable blockchain built for financial products and services.

By providing a new ramp service choice on the Stellar network, Alchemy Pay is helping to drive adoption and make crypto even more accessible to a wider audience. This will make it easier than ever to build on the Stellar blockchain and take advantage of its fast, low-cost, and efficient transactions.

About the Stellar Network

The Stellar network is a decentralized, fast, scalable, and uniquely sustainable blockchain built for financial products and services. It offers builders a protocol optimized for payments, with a design intended to keep fees low and to provide transaction speeds that can scale with increased adoption. Financial institutions and innovators worldwide issue assets and settle payments on the Stellar network, which has processed billions operations with millions of accounts since the network was first launched.

For more information, visit https://stellar.org/foundation.

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 On & Off Ramp solution, NFT Checkout, Crypto Card and Crypto Payments, 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 NFT Checkout enables direct purchases of NFTs using fiat payment methods. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. ACH is the Alchemy Pay network token on Ethereum and BNB Chain.