South Korea’s Democratic Party Lawmaker Urges Authorities Allow to ICOs 1716

A member of South Korea’s National Assembly has called on the state to “open up the road” to ICO by easing regulations, South Korean financial outlet Economy reports October 2. According to the article, Min Byung-doo, a Democratic Party lawmaker, will introduce a project of for ICO legislation at the next round of the National Assembly.

He claimed that the purpose of the new legislation is to allow ICOs while enforcing strict regulation for the negative parts of the industry, noting:

“We are looking at ways to open up the road to ICOs while strictly prohibiting negative factors such as fraud, speculation and money laundering.”

Min Byung-doo has reportedly also suggested to local authorities such as the Financial Services Commission (FSC) that the government should legalize ICO operations in the country, claiming that “prohibition is not the only way.” According to Economy, after consulting with the government and the FSC, the authorities’ stance has “changed prospectively compared with the past.”

Calling on the government to ease regulations for the industry, Min Byung-doo noted that the ban on ICO causes “weakening competitiveness” in South Korea’s blockchain industry, comparing it with the levels in the progress by the U.S., adding:

“South Korea’s blockchain-related industries were at the top of the world in terms of competitiveness, but the competitiveness in ICOs has dropped sharply. Now, 75% of projects in the industry belong to the United States only, which is the world’s top competitor.”

The lawmaker warned that an uncertain future of regulation for the industry will “prevent the growth of the industry itself.”

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Senken democratizes the market for carbon credits, bringing the global climate economy on-chain 3852

It’s all about shaking up the status quo: To date, the voluntary carbon market is anything but transparent and structured. Nevertheless, many companies that have voluntarily committed to climate targets consider investments in offset projects an essential part of their decarbonization strategies. As a result, demand for certificates is increasing, which is leading to a rise in prices. At the same time, global standards are evolving to define appropriate quality levels for carbon credits and carbon offsetting. To help navigate this challenging market, Senken has developed an easy-to-use trading platform where anyone can compare, buy, trade, and retire carbon credits in a straightforward, climate-smart way.

Coordinating the Voluntary Carbon Market and its emerging players

“We see ourselves as a market orchestrator,” says René Schäfer, founder of Senken. On senken.io, companies and investors can buy and trade tokenized carbon credits from climate projects in a transparent and traceable way. The certificates are stored in a distributed database in a decentralized and immutable manner. They contain all necessary and available information along the climate project value chain—from information that determines project quality and performance, to information on co-benefits (for example, information on Sustainable Development Goals), trade and market data, and additional information such as ratings.

“We offer about 20 million certificates. Another 18 million credits are currently being onboarded,” explains Adrian Wons, founder of Senken. To this end, the company partners with leading regenerative finance and tech startups such as Toucan Protocol, Flowcarbon, Celo, and Polygon, but also with carbon rating agencies such as BeZero Carbon and project developers like Allcot, who are all tackling the lack of transparency and quality by leveraging new standards and technological breakthroughs like blockchain or sensor data.

Senken’s mission is to solve the credibility and transparency problem of the voluntary carbon market

“We believe that the Voluntary Carbon Market is a meaningful and effective mechanism in the fight against climate change. We want to give it a new digital guise and help companies and investors to participate in the market in a qualitative and trustworthy way. At the same time, this allows the market to grow quickly and sustainably,” says Schäfer.

Founder Adrian Wons built up the blockchain unit at Ernst & Young (EY) Germany and led the department for two years. He has a background in Mechanical Engineering and wrote two books about blockchain technology for SpringerGabler. René Schäfer was previously responsible for digital platform business models and digital strategies at hy – the Axel Springer Consulting Group. He advised over 50 clients in the areas of marketplaces and digital transformation. Djamel Mekibes held various European management roles for TJX Europe and led international teams, most recently as Head of Central Operations Germany TK Maxx.

About Senken

Senken has built the world’s first climate finance platform for the trade of on-chain carbon credits. The goal: to democratize purchases, sales, and retirements of carbon credits which were previously only available to privileged investors or over-the-counter insiders. The Senken Marketplace enables transparent investments in tokenized carbon credits from verified climate projects. The projects underlying the credits can be effortlessly queried and compared. The corresponding project credits can be bought, traded, and used to offset carbon emissions. Credibility and trust are guaranteed by a decentralized on-chain infrastructure that stores all accruing information along the value chain of climate projects. Senken was founded in 2022 by Adrian Wons and René Schäfer, co-founder is Djamel Mekibes. https://senken.io/

XDC Network to Integrate Groundbreaking DeFi and Compliance Technology From Securrency 3370

Securrency, a leading blockchain-based financial markets infrastructure and products company, announced today that it will deploy its proprietary Digital Asset Composer on the XDC Network, a state-of-the-art blockchain with a mature ecosystem and a particular focus on real-world applications in global trade and finance.

Digital Asset Composer is a unique no-code platform for the creation of digital assets, sophisticated financial instruments as smart contracts on blockchain networks, and crowd-sourced financial engineering in an open ecosystem of value. It will allow the XDC Network community to easily compose financial instruments and entire DeFi protocols, fractionalize real-world assets (RWAs), and create highly customized utility NFTs.

Through the deployment of Digital Asset Composer, the XDC Network aims to empower its users with more powerful and convenient means of creating value on blockchain networks than existing DeFi tools that have proliferated in recent years. Using Digital Asset Composer along with pre-populated asset class building blocks, users will be able to rapidly create and customize a variety of DeFi protocols that span lending and borrowing, yield aggregation, asset management, and derivatives. The result is a community of network users who are empowered to create entirely new protocols, as well as to extend their own versions of the most popular protocols in the market, much more rapidly than is currently possible.

Securrency will further empower XDC Network users to create institutional-grade digital assets and protocols by integrating its Digital Asset Composer platform with Securrency’s Compliance Aware Token Framework and the Securrency Compliance Oracle. The combination of these two powerful technologies means that users will be able to issue tokens that are deemed to be regulated securities and exchange these tokens across different venues and multiple jurisdictions on the XDC Network. Further, Securrency’s Compliance Aware Token Framework will enable identity-proofed persons to recover an enabled asset in the event of loss of keys, theft, or enforcement actions.

“This is an important development for the XDC Network ecosystem and for institutional adoption of digital assets,” said Atul Khekade, founding director of the XDC Network. “Our collaboration with Securrency addresses several regulatory and institutional stakeholder concerns regarding establishing and maintaining control of assets, especially in regard to regulated financial instruments such as digital bonds, trade finance distribution, stablecoins, and central bank digital currencies (CBDCs).”

Dan Doney, CEO of Securrency, added, “We are extremely pleased to be partnering with the core team and the wider XDC Network community to deploy Digital Asset Composer and enable decentralized access to next-gen financial processes and digitally-native assets in a way that is decentralized, highly composable, and requires minimal blockchain knowledge. Securrency and the XDC Network have put a serious marker down in terms of innovation within the space.”

Securrency, Inc., is a group of companies with a common mission to transform capital markets and enable global liquidity and universal access through technology. Centered around Securrency Solutions Technologies, a blockchain-based capital markets infrastructure and products company, Securrency develops and deploys proprietary and patented technologies through third-party customers and strategic partners, as well as through its organic Group financial services subsidiaries. Founded in 2015, Securrency has been a first-mover in institutional-grade blockchain tokenization and decentralized finance boasting, among other technologies in its deep technology stack, a unique interoperable compliance framework to enable the real-time movement of value and a powerful smart contract composer to automate complex financial operations at scale. Through its strong partnerships with some of the largest and most important global financial institutions, its strategic positioning in the US, the UK, Europe, and the Middle East, Securrency has firmly established itself as one of the leading blockchain technology companies in the world.

XDC Network is a leading enterprise ready hybrid blockchain for global trade and finance.

SHARE protocol whitepaper establishes a revolutionary peer-to-peer method for music distribution 3463

Formless, Inc. announced that the whitepaper titled, SHARE: Decentralized distribution using peer-to-peer, pay-for-access micro-transactions on blockchain describes a revolutionary way to distribute music and other digital content, enabling creators to make orders of magnitude more money by eliminating the dependence on centralized content streaming platforms (e.g. Apple, Spotify, and YouTube).

Author Brandon Tory explained, “We’ve always distributed music as a standalone file, such as an MP3, and we put that file on platforms like Spotify or SoundCloud. Blockchain is a new way to distribute music, not just as a file, but as a program. Although blockchains are most widely known for digital currencies, the larger vision is that blockchains are actually programmable world computers. This is important because programs control how money flows on the internet. As artists, if we want to have any control of the way that the money moves, we have to have some say in the actual code that’s associated with the song and not just the song. Blockchain technology enables us to do that. Whether you believe music should be free, or available at a non-zero price, I believe those decisions should be made by each individual artist, while remaining compatible with multiple consumer-facing streaming applications.”

Using the whitepaper as a foundation, Tory and his team at Formless developed a Web3 protocol, called SHARE, that enables artists to control access terms to audio or video content and directly distribute it to consumers, or to marketplaces that interoperate with blockchain. The Alpha version of the protocol is available on the Ethereum and Polygon blockchains, with a Beta version expected later this year.

Today, content creators and developers can register to try out the first decentralized application that showcases the power of the protocol, and organizations and builders can review the protocol documentation.

About FORMLESS, Inc.

Formless is a Boston, Massachusetts music technology company with the mission of creating virtual and physical experiences that enable people to live more fulfilling lives. Formless was founded in 2018 by Brandon Tory, a signed artist, former Staff Engineer at Google AI, and former Senior Engineer at Apple. Tory’s story of pursuing his dreams as a musician and engineer in parallel is featured in national media that include: Forbes, CNN Great Big Story, CNBC, and Yahoo Finance.

BIB Exchange Provides an Exquisite User interface for Crypto Traders 3885

Blockchain has had a remarkable run of form so far. Its dominance and evolution of the financial sector have been exemplary, alongside its impact on the daily activities of humankind. Crypto was designed in 2009 by Satoshi to thrive on the blockchain as a means of exchange.

It’s the dawn of a new era, as the revolution of technological advancement has led to the development of crypto exchanges. These platforms have been the sole intermediary for crypto dealings as investors use them to buy, sell, and acquire cryptos.

The crypto market has recently been mystified to crypto holders, as the fall of Bitcoin and other cryptos continue to show that the crypto winter or recession is near. Eventually, the crypto market would overcome the bearish season, and a bullish run would emerge.

When this happens, investors or crypto traders should use promising exchanges like the BIB exchange to help make their crypto involvements successful. Not all that glitters is gold; therefore, avoiding dodgy crypto exchanges synonymous with a ticking time bomb is advisable.

BIB Exchange Amazing User Interface and Experience

Undoubtedly, crypto has made a name for itself in the financial sector. Its fame and utility continue to grow daily, but it still encounters a hiccup in its adoption rates. One of the hurdles challenging the crypto adoption rate is the bad user experience from crypto exchanges.

Most crypto exchanges claim they can proffer solutions to the several needs of crypto traders but always overlook the essential requirement: creating a platform that users can understand and interact with effortlessly.

BIB Exchange has taken note of this common mistake, thus rectifying it by creating a user-friendly, durable, and fantastic user interface to improve its users’ experience. It has one of the best user interfaces a user can ask for, especially for beginners with no trading experience. The BIB exchange user interface is a platform for the people, with a distinct and straightforward layout that gives users the freedom to trade and make the best out of the crypto market. Leverage trading, trading fees, futures, etc., are spot on and boldly indicated to avoid confusion.

Available Trading Services on BIB Exchange

Founded in 2021, BIB Exchange raised a US$ 20M first-round fund led by top blockchain investment firms in Singapore, with a view to developing the services in the cryptocurrency market.

BIB exchange offers a wide range of trading products for users. BIB also ensures that traders enjoy these services while charging low fees. The list of trading services on the BIB exchange includes:

Spot trading: The BIB exchange is one of the latest crypto exchanges in the market. It is a game changer that has taken the crypto space by surprise. It has an average daily trading volume of $80 million, supports over 50+ currencies, and a vast array of perpetual swaps to satisfy traders’ needs, thus increasing liquidity on the exchange.

Futures: Alongside spot trading, the BIB exchange provides users with futures contracts on a silver platter to trade 24 hours daily throughout the week. It has an estimated value of 9,000 active users daily and an average daily trading volume of $1 Billion, making it an exemplary exchange.

Margin trading: Margin trading is made available on the BIB exchange for experienced crypto traders to make trades and increase their profits quickly.

BIB exchange is a trustworthy decentralized exchange with no black holes and complete transparency. Moreover, its trading platform is sophisticated, with options to keep traders engaged and help them accomplish their trading objectives.

Reef’s highly anticipated Reef Card is officially available for crypto holders 3934

Reef, a layer-1 Substrate-based blockchain for decentralized finance (DeFi), nonfungible tokens (NFTs) and gaming, announced today its highly anticipated Reef Card is now available for people in the United Kingdom and Europe.

Reef has been working with Baanx, an experienced partner for revolutionary Web3 financial solutions, to create and produce Reef Card. Reef Card, powered by Baanx, is part of the Mastercard crypto debit line. Due to COVID-19 and material production delays, the card was put on hold until this year. Now it’s officially available to everyone in the U.K. and European Economic Area.

Denko Mancheski, CEO of Reef said, “We feel good about the future of Reef, and over the past year, we’ve been working hard with Baanx to get Reef Card out. We’re excited to have it available now and allow hodlers the opportunity to spend their cryptocurrencies in the physical world.”

Crypto debit cards have become a hot ticket in the physical world as they add another layer of utility to tokens and the cryptocurrency landscape. Reef Card owners will be able to spend their crypto and have their card convert it to fiat only at the time of purchase, and they will be able to use their card at over 90 million merchants worldwide and even withdraw fiat at certain ATMs. To start, Reef Card will be available as a physical card and Google Play right away. Apple Pay will come next.

Garth Howat, CEO of Baanx said, “It’s very exciting to see that more companies and communities are adopting our solutions to bridge the gap between DeFi and traditional finance. We’ve been working hard with the Reef team on this project, allowing the community to enjoy Reef’s ecosystem to the fullest.”

Reef continues to evolve and expand its blockchain, quickly gaining momentum on the lead to becoming one of the top five Web3 blockchains. Recently, Reef launched an NFT division, attended Binance Blockchain Week in Dubai, launched ReefScan V2, and a new REEF Community Staking Bond. Reef Card is another innovative addition to the rise of the chain and its native token, REEF.

About Reef

Reef’s Substrate-based layer-1 blockchain with smart contract functionality offers an intuitive user experience, high scalability and low fees, helping the ecosystem to be a go-to platform for NFT projects. Reef is the most advanced Ethereum Virtual Machine-compatible blockchain with smart contract functionality. Based on a nominated proof-of-stake consensus mechanism, the network offers low fees and scalability, as well as myriad features, including native token bridges, on-chain governance, recurring payments and much more. Eventually, the platform will also support an additional virtual machine that will allow developers to write code in several different programming languages.

About Baanx

Baanx offers fintech services to the digital asset sector, including Cryptodraft and payment authorization integration into Visa, Mastercard and other transaction payment systems. Baanx headquarters are in London, U.K. with subsidiaries in Delaware, United States, Portugal and Lithuania. Baanx manages digital assets with maximum privacy and security. The company is launching services for more than 25 top-tier clients, including Ledger and Reef. Baanx is managed by a seasoned team with over a hundred years of combined experience in banking, financial technology, cryptography, finance and digital marketing.

AngelBlock, DeFi protocol for crypto-native fundraising, announces it’s Startup Grant Program and platform launch 3865

AngelBlock is a platform dedicated to bringing together vetted, noteworthy crypto and FinTech startups with knowledgeable investors. The aim is to allow frictionless providing of financing and support by investors to new ventures in the crypto, blockchain, and FinTech space focusing on early-stage investments, in a manner that’s fully on-chain and decentralized. The team prepares to launch the fundraising platform in Q4 later this year, and they want to support three promising startups with a 90,000 USDT grant program. Winners of the grant will not only get 30,000 USDT each but will also be listed on the platform for fundraising and have access to the core AngelBlock team for mentoring.

Grants applications will open on August 31 and close on September 30, 2022. The review process will take about a week, and the winners will be announced on the week of October 10, 2022. The team will consider startups wanting to do a token sale, that are ready to fundraise, and that are willing to raise in USDT, USDC, and/or DAI on Ethereum. Other terms and conditions may apply and can be found here.

“We saw this crypto winter as an opportunity to not only help some promising startups but also as a great way to showcase our unique solution to what we think is one of the biggest blockers in this space” says Alex Strzesniewski, AngelBlock CEO.

What is AngelBlock

There were many reasons for creating AngelBlock. The most important is that the team saw a glaring need to address the friction points for fundraising in crypto. Holdings post-raise are not well decentralized, there’s a lack of transparency and investor protection, not enough emphasis on keeping startups accountable for their milestones, and the obvious problem of VCs dumping on retail even though both parties took part in the same round. In short, AngelBlock wants to generate as much value for investors, startups, and their communities within the digital assets ecosystem.

“The easiest way to describe AngelBlock would be to call it a DeFi protocol focused on fixing the problems of fundraising within the space. Our solution works solely on smart contracts and adds much-needed transparency and decentralization to the fundraising process. Investors can vote on startup milestones and track everything on-chain which means governance out-of-the-box from day 1 – that’s really cool.” says COO, Max Torres.

The team has been building all throughout 2021 and 2022 having launched their AngelBlock NFTs in Q2 2022 – which will unlock benefits on the platform. The launch of v1.0 of the AngelBlock protocol and platform is planned for October 2022, followed by the $THOL Token Generation Event in the same month.