Hangzhou Blockchain Raises HK$100m via Digital Token Fund to Invest in Japanese Cryptocurrency 1397

Grandshores Technology Group, a Hong Kong-listed contractor-turned-blockchain investor, plans to raise HK$100 million (US$12.7 million) via a digital token fund to finance a yen-backed cryptocurrency project. Grandshores Technology’s pivot to blockchain investment is the result of an acquisition of SHIS by a company controlled by Yongjie Yao in May and its subsequent back door listing.

Yao is also a founding partner of the 10 billion yuan (US$1.45 billion) Hangzhou Grandshores Fund backed by the Hangzhou government. The other backers of the fund include Li Xiaolai, the bitcoin tycoon of China.

The Grandshores Technology chairman said the company would tap qualified investors outside China to raise funds denominated in tether, a US-dollar backed stablecoin and list it on a cryptocurrency exchange. Stablecoin is a cryptocurrency pegged to a stable asset such as gold or hard currencies like the US dollar.

Yao said Grandshores was seeking to fund start-ups and cryptocurrency projects globally as he believes some blockchain unicorn-hopefuls were on track to disrupt the traditional financial system and break monopolies currently enjoyed by tech and internet giants.

“Blockchain will become the mainstream technology in the next three to five years,” said Yao, who is also a part-time lecturer at Zhejiang University in Hangzhou. “We are entering the next stage of blockchain evolution, a stage which is akin to when computer operating system was transiting from MS-DOS [disk operating system] to MS-Windows.”

For the yen stablecoin project, Yao said the founding partners of the Hangzhou Grandshores fund, are currently working with a mid-tier Japanese bank, whose name he refused to divulge, in creating a stablecoin.

Yao said he sees demand for a yen-linked stablecoin, and is hopeful of launching the token by the end of this year or early 2019 and the next anchor currencies Grandshores will explore are the Hong Kong dollar and Australian dollar.

“We believe cryptocurrency traders and exchanges will be potential takers of these stablecoin,” he said.

Many cryptocurrency exchanges already trade bitcoin and other cryptocurrencies such as ethereum and EOS against tether. Grandshores Technology’s yen stablecoin could provide an alternative that can be traded on these exchanges.

Yao was also an early investor in Canaan, the world’s second largest maker of bitcoin mining rigs which is seeking to raise US$1 billion and list in Hong Kong. He has invested 107 million yuan in Canaan since 2015 through his own blockchain venture fund, and is expecting returns “to the tune of several hundred times”.

Currently, the founding partners of Hangzhou Grandshores fund, together with some of its affiliated funds under Grandshores Technology, have invested 500 million yuan globally in blockchain and cryptocurrency projects outside China. These include Zcash, an open-source cryptocurrency that offers selective transparency of transactions; blockchain start-up GX Chain and blockchain-based social media network ONO.

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SquaredFinancial trading mobile app’s enhanced version now available 5371

Industry-leading FinTech firm, SquaredFinancial, launches the latest version of its all-in-one mobile application. This next-generation platform aims at empowering investors to trade anytime, wherever they go, and offers them a client-focused seamless and cross-channel experience. The SquaredFinancial mobile app is available on Android and iOS devices, and users can download it for free on Apple Store and Google Play Store.

Since its inception in 2005 and with nearly two decades of expertise in the fintech industry, SquaredFinancial has banked on technology to offer quality service to its clients from different backgrounds. Users interested in investment and trading can utilize the latest SquaredFinancial app to access a wide range of services and products. The app’s intuitive user interface and navigation make online trading simple and accessible for the average retail investor. This comprehensive approach enables the client to manage his trading account, Visa card wallet and portfolio, and funds transfers, all in one app.

About SquaredFinancial

SquaredFinancial is a well-capitalized FinTech firm founded in 2005. It aims at becoming a one-stop shop that meets investors’ financial needs. With around two decades of experience in financial technology and trading, it offers global solutions to traders of different generations and backgrounds who are looking for an intuitive and sophisticated investment gateway. It is led by market experts and leadership veterans who share a passion for trading and a vision to reshape the industry landscape. As a regulated firm, it provides investors with an online platform backed by cutting-edge technology that offers the opportunity to trade a wide range of instruments from different asset classes. SquaredFinancial has recently launched its proprietary mobile trading app and its innovative fixed-time deposit account.

Frontier Leadership: How a Rising Layer 0 Platform, Vitreus, Revolutionizes Business with Blockchain and AI 5413

Collaborative Digital Innovations (CDI), a Florida-based Regulatory Technology (RegTech) company makes waves revealing they will be using the Vitreus platform, a budding Layer 0 blockchain, to power their flagship product, COMPLiQ. This is an incredible milestone for both parties as this relationship represents opportunities for convergence between RegTech and blockchain solutions, offering a transformative approach to Artificial Intelligence (AI) governance, compliance, and cybersecurity.

COMPLiQ: AI Governance & Compliance

COMPLiQ, developed by CDI, operates atop the Vitreus platform. This revolutionary AI Governance & Logging solution, the first of its kind, is designed to address the challenges inherent in leveraging AI technologies amidst a booming market and an evolving compliance landscape. By leveraging blockchain, COMPLiQ provides unprecedented transparency, traceability, and unity across AI systems, aligning with the stringent requirements of regulatory frameworks like the European Union’s Artificial Intelligence Act and the Securities and Exchange Commission’s (SEC) Cybersecurity Disclosure Rule. Coupled with its partner product, Intercept, these products not only introduce a way to understand your AI systems, but also enables you to rapidly note and assess materiality of traditional and non-traditional cybersecurity occurrences within your organization. Together these products represent a compounding effect of technology simplification for businesses.

In keeping with evolving compliance requirements, with CDI’s products, you stand to shield business from the mounting penalties which could reach up to 7% of global turnover for non-compliance within the EU’s landmark AI Act. Not only does CDI’s solution leverage blockchain technology to conquer distributed system harmonization, immutable logging and data collation, they also optimize a niche within the current technology market.

Vitreus: The Foundation for Next-Gen Technology

Vitreus emerges as a Layer 0 blockchain platform designed to support and cultivate progressive technology solutions in fields such as Industry 4.0, AI, Cybersecurity & Identity. As a new platform, Vitreus offers significant cost opportunities for emerging technologies, providing a cost-effective, secure by design, and reliable decentralized computing network. As seen by CDI’s product suite, Vitreus is more than just a smart contract or finance ledger. This distributed ledger technology stands to be a real-world technology platform, designed to integrate with and handle the complexity of transitions from the old to the new. While still nascent, yet available, the Vitreus ecosystem is poised to challenge the norms of blockchain platforms, geared not just towards finance, but also towards compliance, security and other progressive technologies.

Vitreus’ architecture supports the concept of Parallel Chains, introduced by Polkadot in 2017, to support the holistic compartmentalization of functions and features within a distributed computing environment. Not only is Vitreus highly scalable, it also supports entirely sovereign entities with its shared security model, allowing progressive builders to leverage the platform with their own solutions, catalyzing growth with this symbiotic relationship. Vitreus also introduces a unique dual asset system that powers the ecosystem in a manner that is not only user and business friendly, but also opens the door for cost savings and compliance adherence.

A Partnership Poised to Transform the Digital Landscape

The partnership between CDI and Vitreus marks a significant milestone in the integration of traditional software development with blockchain’s value additions and opportunities. This collaboration addresses the urgent need for securing business keen on leveraging AI/ML models against increasing threats and regulations, and paves the way for cost-efficient, transparent, and compliant deployment of AI technologies across complex system disparity.

As rules for AI get more complex, platforms like COMPLiQ and Vitreus become essential. They help organizations follow these rules while making the most of AI and blockchain technologies. These platforms provide a key benefit for businesses that want to meet regulatory demands and use AI’s groundbreaking potential.

Organizations looking to dive into blockchain through Vitreus, or simplify AI projects and cybersecurity reports, will find the CDI-Vitreus partnership very helpful. Learn how these platforms can boost your business in today’s digital and regulatory landscape by checking out their websites.

Waterfall Network Launches New Desktop App for Windows and macOS 5283

Waterfall Network, the decentralized and scalable ledger, today announced the release of a new desktop app for Windows and macOS that now allows almost anyone to easily set up their own node on the blockchain. With one-click setup, users only need to download and open the app, their Metamask (or any EVM) wallet, and they will have a full node running in sync with Waterfall Network.

Once users are connected, they can activate the node to receive stake amounts and rewards, view network status and connected peers, manage block producers on the node by creating or removing them, check balances, use external SSD drives as a data storage device, and customize other node settings.

“Supporting the Waterfall Network is now simpler than ever,” said Sergii Grybniak, Blue Wave CTO and Waterfall Head of Research. “This is not only an easy way for even novices to participate in the benefits of a blockchain, but this will also open up Waterfall node participation to a whole new class of user that will prove vital to building Waterfall before we publicly launch the mainnet.”

The Waterfall Network continues to streamline and expand its scale in anticipation of the launch of its mainnet. The Waterfall Network protocol has been optimized to achieve loads of 10,000+ transactions per second, with other optimizations and improvements, including faster synchronizations in parallel, improved search for new peers, automatically unlocked validators, improved reliability in optimistic consensus, randomness creation, new transaction gas estimates, and storage optimization. Waterfall is also continuing to develop and implement fast synchronization, simpler mnemonic phrase mechanisms, and reduced consumption of disk space.

The Waterfall Network protocol is Ethereum Virtual Machine (EVM) compatible, serving the huge existing Ethereum developer base without having to learn new programming languages. Its protocol incorporates an innovative “Directed AcyclicGraph (DAG)” technology that allows for virtually unlimited scalability and portability of decentralized applications (dAPPs) with low processing power requirements that allow anyone to run a validator node from even low-cost laptops and mobile phones.

To download the new Waterfall Network desktop app or for more information, please visit https://waterfall.network/.

About Waterfall Network

Waterfall is a versatile layer one (L1) smart contract platform that solves the “blockchain trilemma” of security, scalability and decentralization while offering the first truly decentralized governance platform. Waterfall’s unique approach utilizing what is called a “Directed Acyclic Graph (DAG)” achieves this by allowing anyone to run a validator node from any device, including low-cost laptops and in the future mobile phones. Waterfall is Ethereum Virtual Machine (EVM) compatible, serving the huge existing Ethereum developer base without having to learn new programming languages. Waterfall utilizes a “one person one vote” system in which money can’t buy power. It is connected via two-way bridges to other popular protocols including Ethereum, BSC, and more to come.

Waterfall is the leading layer one (L1) architecture to combine scalability and decentralization, all while offering a truly decentralized governance platform. Waterfall’s Directed Acyclic Graph (“DAG”) achieves and allows it to run a validator node from any device, including low cost laptops and in the future mobile phones. Waterfall utilizes Ethereum Virtual Machine (EVM), allowing for portability of decentralized applications (dAPPs), and has very low hardware requirements for the participants to become validators.

Volumint Introduces AI Automated Market Making services for DEX & CEX projects 6730

Volumint stands out as a platform that redefines market-making in the blockchain era. It unleashes the potential of every crypto project, focusing on the liquidity challenge. Our unique, subscription-based model is cost-effective and empowers small and medium-sized projects to enhance their market presence without the usual high costs of market-making services.

At the core of Volumint’s offering is an innovative, automated bot that mimics organic trading activities to amplify volume and ensure projects remain competitive. This bot injects unpredictability into trading patterns, creating a more dynamic market and reducing manipulation risks. By addressing the immediate market-making challenges, Volumint is paving the way for a more inclusive and dynamic future in cryptocurrency trading.

Volumint leverages AI’s potential and offers scalable solutions across multiple exchanges and EVM chains. This approach democratises market-making, allowing projects of all sizes to stimulate trading activity and maintain liquidity affordably.

The platform’s meticulously designed services prioritise safeguarding projects’ budgets and capital. The platform offers efficient market entry and optimised budget allocation through AI-driven analysis to maximise return on investment and foster sustainable growth in the competitive blockchain landscape. Volumint enables generation starting from $50,000 in daily volume with as little as $500 in liquidity budget while committing to protecting your budget and capital as the highest priority.

Volumint’s AI-driven analysis is a game-changer. It swiftly and accurately assesses projects at a high and qualitative level, providing custom solutions tailored to each project’s unique needs. The platform is functionally flexible, ensuring all requirements meet the highest standards. Volumint prioritises speed and quality to deliver fast and effective service.

The platform supports various blockchains and exchanges, including Uniswap, Mexc, BNB Chain, and Kucoin, ensuring broad accessibility and flexibility. Volumint’s commitment to innovation extends to introducing MINTSWAP, a DEX that offers unprecedented cost efficiency and a user-friendly trading experience for Ethereum and ERC-20 tokens.

At the core of Volumint’s ecosystem is the vMint token, which offers subscribers payment options, access to premium features, governance participation, and staking rewards. The tokenomics are designed to support the ecosystem’s growth and sustainability, and there is a total supply of 1,000,000,000 vMint tokens.

The team behind Volumint, led by CEO VM Nathan and supported by industry experts and advisors from Taiboku Capital and Moda Networks, is dedicated to driving innovation. We offer solutions that address the unique challenges crypto projects face today. Our ambitious roadmap includes ongoing enhancements to our volume generation feature, the development of a public dashboard, the introduction of an arbitrage bot, and the rollout of a trading bot. The company plans to expand features, penetrate new markets, and continuously improve the platform based on user feedback.

Overall, Volumint is a revolutionary platform that introduces a cost-effective, subscription-based model to empower small and medium-sized crypto projects and offers AI-driven analysis, custom solutions, and innovative automated bots to democratise market-making and foster a vibrant and organic trading atmosphere on any exchange.

This project launched 3 new products in a week! 8447

Yet another time, when Isotopic manages the incredible. While other projects display roadmaps stretching years in the future even for a simple Minimum Viable Product, Isotopic abolishes its own, as the graphic designer cannot keep up with the development team!

Last week, Isotopic announced the release of its Asset Store, which also came with a complete revamp of the Game Store’s interface. Now, the release of the Isotopic SDK is made public, and with it, support for Cross-Game rewards. So what is Isotopic, and how does this project keep on building so many solutions, working with over 260 live game titles?

A gaming platform for all needs – Already LIVE!

Browse unlimited games for all platforms on the Isotopic Game Store, discover new games through video content on Isotopic Shorts, and gather all of your favourite games in one place with the Isotopic Client.

Create your very first videogame with 3D models from the Isotopic Asset Store, connect your own games with the Isotopic ecosystem using the Isotopic SDK, and seamlessly blend with other Game Universes, using Isotopic Cross-Game Assets.

Just head over to store.isotopic.io where you’ll find the whole ecosystem!

The main goal of isotopic – Own your games

In an ever-growing market of Indie Games, it becomes inefficient and expensive to browse and try out new games that end up sitting in your library without use.

Isotopic arrives to give you control of your game library, allowing you to truly own your game copies, which can be traded, exchanged, or otherwise repurposed! Tokenized game licences create a new economy with active exchange of game copies between users.This empowers small creators to reach wider audiences and show their talent, while gamers unlock new experiences for minimal cost.

The latest releases and future of isotopic

It’s been 3 months into 2024, and already Isotopic’s ecosystem has expanded to nearly double. But in just a week apart from first to last, 3 new solutions see light.

The Isotopic Asset Store, brings a marketplace for game development assets including 3D Models, prefabs, sounds, effects, and scripts. With the release of the Isotopic SDK, game developers can now integrate the Isotopic Ecosystem into their games, allowing things like login, Cloud Saves, and access to the third solution, Isotopic Cross-Game Assets. Now developers can add rewards into their games, which can transcend game worlds, and users who own them can use them in multiple different games.

So what is in the future of Isotopic? All of the solutions in the Isotopic Ecosystem are only set to grow even more from now on, with new updates, releases, and developments going live rapidly! Collaborations with gaming projects are in the works, and mean users will get the chance to earn exclusive items and games, so if you are interested in that, you should join the Isotopic Community!

Solmedia Becomes First To Integrate Solana And Filecoin On Their Censorship-Resistant Platform 8618

Solmedia, a decentralized content-sharing platform, has announced that it has successfully become the first to integrate the Solana blockchain and the latest Filecoin on-chain InterPlanetary File System (IPFS) technology. With the support of its native token $MEDIA, users will now be able to leverage Solana’s high-performance blockchain architecture and Filecoin’s decentralized storage capabilities within its censor-resistant ecosystem. The move will ensure that users’ content remains secure and tamper-proof against unauthorized access or manipulation.

In a statement to the press, a senior representative for the company said, “Our mission at Solmedia has always been to uphold the principles of free speech and transparency in the realm of Web 3.0. By harnessing the power of Solana and Filecoin alongside the $MEDIA token, “We aim to help users evade propaganda and censorship by having absolutely zero control over their data and content-sharing experiences”.”

Integrating Solana and Filecoin with the ecosystem is aimed at helping users access the lightning-fast transaction speeds and low fees at Solana, coupled with Filecoin’s decentralized storage network, to make their content-sharing experience more seamless.

He went on to add, “Whether it’s uploading, streaming, or accessing content, users can expect swift and uninterrupted access to their favourite media on the Solmedia platform. Through the $MEDIA token, users can also actively participate in shaping the future of online content. The community-driven approach to media consumption is in line with its core philosophy of zero censorship so an environment can be achieved where diverse voices can flourish without fear of suppression or bias.”

As the first decentralized content-sharing platform to achieve the milestone, the company is looking to challenge the dominance of big tech corporations in the digital space.

He continued. “By providing a secure, censorship-resistant platform for content creators and consumers alike, Solmediawants to play its part in building the emerging Web 3.0 ecosystem. The $MEDIA token is the cornerstone of Solmedia’secosystem and will facilitate transactions, incentivize community engagement, and reward content creators for their contributions.”

Content creators interested in learning more about Solmedia and the $MEDIA token can visit the website today and check out their white paper.

About Solmedia

Solmedia is a decentralized content-sharing platform built on the Solana blockchain. Solmedia is a decentralized content-sharing platform on the Solana blockchain being the first to confidently ensure a secure on-chain video streaming experience for content creators and consumers across Web 3.0.

Website: https://sm.network
Twitter: https://x.com/SolMediaTech
Telegram: https://t.me/SolMediaTech
Whitepaper: https://whitepaper.sm.network