China Securities Regulatory Commission Promotes Blockchain Construction To Empower Regional Equity Markets
On August 9th, according to a report by Shanghai Securities News, at the Digital Empowerment Regional Equity Market Innovation and Development Seminar and the "Yiqi Rong" launch event held on August 8th, Wu Qichao, Deputy Director of the Market II Department of the China Securities Regulatory Commission, stated that the blockchain construction of regional equity markets has achieved significant results in areas such as penetrating supervision, standard specifications, resource integration, and innovative applications.
Monetary Authority of Singapore Commits $150M to Support Emerging Technologies and FinTech Solutions
The Monetary Authority of Singapore has committed up to $150 million Singapore dollars over three years to support innovative FinTech solutions emerging from technologies such as Web 3.0. MAS recognizes the importance of collaborating with the industry to promote innovation in FinTech. The financial authority plans to conduct open calls for the use of innovative technologies in industry use cases and provide grant funding to support actual trial and commercialization. Additionally, there is an Environmental, Social and Governance FinTech track to encourage the adoption of ESG fintech solutions. Singapore is a hub for the blockchain and crypto industry, with Wintermute relocating 4% of its staff to Singapore and MAS partnering with the Bank of International Settlements to issue a framework for "tokenization and institutional grade DeFi protocols."
Sei Announces Mainnet Launch of Decentralized Blockchain with Fastest Time to Finality
Sei Network has announced the launch of its mainnet, declaring that its blockchain is now fully decentralized and ready for use. The Atlantic-2 testnet achieved the fastest time to finality of any blockchain, with validator nodes located in 12 countries across 3 continents. Sei's approach to achieving decentralization goes beyond data and token distribution, encompassing the physical location of network participants.
WhiteBit Launches WB Network Blockchain to Promote Adoption of Blockchain Technologies
European centralized cryptocurrency exchange, WhiteBit, has launched its own blockchain, the WB Network, to promote the adoption of blockchain technologies. The network operates on the Proof-of-Authority consensus algorithm and uses the WhiteBit Coin as its underlying blockchain coin. It provides users with a transparent, user-owned infrastructure for faster cryptocurrency transactions and reduced user fees.
Circle Launches Curriculum to Teach High School Students About Bitcoin, Blockchain, and NFTs
Circle Internet Financial has partnered with the Junior Achievement of Northern California to launch a financial literacy curriculum for high school students in the Bay Area, California. The program aims to educate students about Bitcoin, blockchain, and non-fungible tokens (NFTs) and equip them with skills for economic success. As part of the partnership, the JA of Northern California will also manage the Circle Scholar award program, with one of the twenty $5,000 scholarships to be awarded to students who complete the Digital Financial Literacy Curriculum between 2023 and 2025. This program joins a growing list of literacy curriculums launched to educate the world about blockchain technology.
Google Cloud Runs Validator on Celo Network, Furthering Foray into Blockchain and Web3 Technology
Google Cloud has become a validator on Celo Network, a layer-1 blockchain that is compatible with Ethereum virtual machines and designed to provide a mobile-first experience for Web3 users. Validators are responsible for ensuring the security of the blockchain by verifying transactions. This move represents Google Cloud's latest venture into blockchain and Web3 technology, following the launch of its digital assets team and Blockchain Node Engine in January and October 2022, respectively. Google Cloud will join other validators on the Celo Network, including Deutsche Telekom and impactMarket, and will assist cLabs in transitioning to an Ethereum layer-2 scaling solution.
Thai venture capital firm KX has announced its participation in funding rounds for Magic and Transak, two blockchain and crypto startups
Thai venture capital firm KX has announced its participation in funding rounds for Magic and Transak, two blockchain and crypto startups. The investments aim to promote decentralized commerce within the Web3 ecosystem. Magic offers a wallet-as-a-service platform for companies to build their own digital wallets, while Transak focuses on facilitating fiat-to-crypto transactions. Southeast Asia is becoming a hub for the crypto industry due to its growing population with rising income levels and favorable demographics for crypto adoption. KX aims to accelerate Web3 adoption in the region by fostering a safe and accessible digital environment. In addition to its strategic investments, KX has also incubated projects such as Coral, an NFT marketplace, and Bigfin, which provides analytical tools for crypto traders.
Ayre Group Founder Secures Controlling Stake in nChain, Paving the Way for a Trillion-Dollar Blockchain and Web3 Revolution
Calvin Ayre, the founder of Ayre Group and a dual citizen of Antigua and Canada, has acquired a controlling interest in nChain, a leader in blockchain and Web3 technology. The deal involves Ayre Group's investment of up to CHF500 million into nChain, including an equity acquisition of nChain, an IP licensing agreement for Ayre Ventures portfolio companies, and a line of credit. nChain's extensive patent portfolio holds significant influence over various sectors, including the $1 trillion cryptocurrency market and corporate implementations by some of the world's largest companies. The agreement between Ayre Group and nChain is expected to drive innovation and disrupt established internet giants, propelling the world toward a more decentralized, transparent, and interconnected internet.
Web3 Startup Naval, with Cincinnati Ties, Raises $4M Led by BlockTower
Naval, a new Web3 startup co-led by Matt Schoch, former CTO at Cloverleaf for four years and alumni of University of Cincinnati, Kroger, and GE, has announced a $4 million seed round led by BlockTower, a Miami-based digital-asset investment firm.
DigiByte: There are no airdrops whatsoever. Investors are advised to remain vigilant
The blockchain network DigiByte has tweeted: "There are no airdrops whatsoever. Investors are advised to remain vigilant."
