The 2021 Annual Conference of Financial Street Forum is set to open on Wednesday in Beijing, the organizer said at a press conference. The three-day event with the theme of “economic resilience and financial actions” will highlight more diverse topics, while more overseas participants are expected compared with last year. It will include five parallel forums in which participants can exchange ideas on real economy and financial services, green development and financial contribution, the opening-up of the financial sector and global financial cooperation, financial technology (fintech) and digital economy, and governance system and financial security.
Nearly 400 participants from home and abroad will focus on discussing hit topics such as ‘dual circulation’ development paradigm. It is noted that the forum has attracted over 140 foreign participants, a year-on-year increase of 130 percent, from 32 countries and regions. Most forums concerning global issues will feature keynote speeches from foreign experts.
Besides, special activities such as expo on digital RMB and fintech regulatory tools will also be held during the forum.
Founded in 2012, the forum is jointly organized by the People’s Government of Beijing Municipality, the People’s Bank of China (PBOC), Xinhua News Agency, China Banking and Insurance Regulatory Commission (CBIRC), China Securities Regulatory Commission (CSRC), and State Administration of Foreign Exchange (SAFE), hailed as a bellwether of China’s financial reform and development.
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ACE Exchange Unveils Taiwan’s First-ever Basketball Player Non-Fungible Tokens (NFTs) Cardpack Featuring Hsinchu JKO Lioneers
ACE Exchange, a leading cryptocurrency exchange based in Taiwan, has joined hands with Hsinchu JKO Lioneers, a professional basketball team of Taiwan’s P.LEAGUE+ (PLG), to debut an exclusive collection of non-fungible token (NFT) trading cardpack featuring five of the team’s most popular players.
Starring Kuo Hao, Kao, Tian Hao, Wu Tai-Hao, Chieng Tli-Huan and Hsiao Shun-Yi, the release of the Lioneers NFT cardpack includes 100 limited edition cards and 1,000 standard cards.
An NFT is a crypto asset that uses blockchain technology to record the ownership status of a digital object, with each digital item having unique authenticity that only one owner can be established. Curated by Hsinchu JKO Lioneers and ACE Exchange, all of the newly unveiled NFTs are securely stored in a smart contract with all the transaction records sealed and traceable in a digital ledger, eradicating any possibility of forage.
This new project comes as the popularity of NFTs continues to surge this year as the sales reached a new height in the second quarter of 2021. Digital content creators, who used to monetize their works on YouTube, Instagram, TikTok and Spotify, are the biggest beneficiaries of the NFT boom. The blockchain-encrypted NFTs grant uniqueness to their art works, preventing forgery which offers a guarantee to both creators and collectors.
“NFTs have emerged as a new trend for the global investors thanks to their diversity. According to a report released by PWCC MARKET, the five-year return rate of NFT player cards invested in 2015 is up to 221%, double the 109% return rate of S&P 500 stock portfolio investments. I believe Taiwan can keep up and ride with the strong momentum of the NFT boom, with Hsinchu JKO Lioneers being a pioneer who will develop PLG into a diverse basketball league in the future”, said David Pan, founder of ACE Exchange.
Organizations Begin to Adopt Innovative Blockchain Solutions
A major portion of the economy has transitioned to remote operations, yet most workers are still unclear on how long it will take until the system returns to pre-pandemic norms. As a result, several sectors in the technology industry have grown in demand. For example, cloud computing, digital payments and in particular the cryptocurrency and blockchain segments are back at the center of attention this year. As a result of the recent crypto boom, investors have once again started to view the new digital currencies as potential long-term investments necessary in a properly diversified portfolio. Therefore, it is not surprising that ETFs with a focus on crypto and blockchain are doing as well as they are. “Just over three years ago we launched the first actively-managed ETF focused on the dynamic market segment of blockchain-related stocks,” said Amplify CEO Christian Magoon. “BLOK has provided investors with additional portfolio diversification through its unique portfolio makeup that includes the Bitcoin Investment Trust. Blockchain technology is primarily known for one application today: cryptocurrency.” DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTC: DMGGF), Argo Blockchain Plc (LSE: ARB) (OTC: ARBKF), Marathon Patent Group, Inc. (NASDAQ: MARA), Riot Blockchain, Inc. (NASDAQ: RIOT), 500.com Limited (NYSE: WBAI)
In recent years, many companies and organizations have become more friendly towards blockchain and cryptocurrencies. As a result, there has been an influx of companies buying bitcoin and accepting it as payment. For example, earlier this month Meitu, a Chinese company that makes a photo editing app, has accepted USD 22.1 Million worth of ether and USD 17.9 Million worth of bitcoin. “The Board believes cryptocurrencies have ample room for appreciation in value and by allocating part of its treasury in cryptocurrencies can also serve as a diversification to holding cash (which is subject to depreciation pressure due to aggressive increases in money supply by central banks globally) in treasury management,” Meitu said, according to a report by CNBC. This follows companies like Tesla and Square, which have also put emphasis on cryptocurrency.
DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) just announced breaking news that it has, “entered into a definitive license agreement (the “Agreement”) to provide technology solutions for Marathon and the new Digital Currency Miners of North America (“DCMNA”) pool. Marathon is one of the largest enterprise Bitcoin self-mining companies in North America and will be launching the first North America-based Bitcoin mining pool that is fully compliant with U.S. regulations, including anti-money laundering (AML) and the Office of Foreign Asset Control’s (OFAC’s) standards. Unique features of DMG’s Blockseer pool technology include the ability to filter transactions to ensure AML and OFAC compliance in anticipation of impending US regulations. On a day-to-day basis, DCMNA will manage the pool with DMG providing strategic guidance and/or technical support as needed.
OKEx lists FLOW, the crypto behind NBA Top Shot NFTs
OKEx, a world-leading cryptocurrency spot and derivatives exchange, is thrilled to announce the listing of FLOW, the native asset of the Flow blockchain. Flow is a decentralized blockchain platform created for gaming and non-fungible token use cases. It’s already home to an NFT making mainstream headlines — NBA Top Shot. OKEx is one of the first exchanges in the world to offer FLOW trading, which launches today with three trading pairs.
Developed by Dapper Labs — the team behind another wildly successful digital collectibles DApp, CryptoKitties — the Flow blockchain provides the foundation for a new generation of digital assets, games, and dApps, including NBA Top Shot.
Officially licensed by the National Basketball Association, NBA Top shot is currently pushing NFTs to mainstream adoption, already reaching more than $45 million in sales over the past 24 hours alone. Just last week, one blockchain-based collectible “Moment” — 13-second video of star player Zion Williamson — sold for a massive $100,000.
Spot trading of FLOW against USDT will go live at 5:00 pm UTC today, Feb. 23, with trading against ETH and BTC opening one hour later. Deposits of FLOW were available from 3:00 am UTC today, and withdrawals will open at 10:00 am UTC on Feb 24, 2021.
Flow is a blockchain protocol designed to scale in order to support DApps with mainstream demand. Smart contracts on Flow are written in the widely-used Cadence programming language and power applications that can reportedly serve billions of people.
Developed and tested in collaboration with several top-name global partners, including the NBA, Samsung and Warner Music Group, Flow is now open for anyone to develop decentralization applications. Flow lets developers build new crypto-powered businesses, creating new unique digital assets that can be traded on open markets.
Commenting on today’s listing of FLOW, OKEx CEO Jay Hao stated:
“It’s extremely exciting to see so much innovation in the NFT field and real progress being made to allow decentralized applications to scale to accommodate mainstream use. We are also proud to add that as one of the first exchanges to offer FLOW trading, we continue to strive to ensure a rewarding and enjoyable experience for our users.
Flow is already proving to be a fast and secure platform for developers to create a whole host of games, digital assets, and consumer applications on, and will undoubtedly play a large role in taking NFTs – and crypto – to the mainstream, as we’re already seeing with NBA Top Shot.”
Play-to-Earn Game from Polker (PKR) Listed on BitMart Exchange – Endorsed by Akon
The Play-to-Earn NFT based Polker.Game‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. “Watch Akon’s Video Here“. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league.
What is Play-to-Earn?
Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved.
Play-to-Earn games are essentially free to play and open to anyone and everyone. By simply using the platform players can earn native platform tokens or NFTs – both of which have real-world value. Allowing players to earn tokens and NFTs that can be sold or traded has created a paradigm shift in online gaming – Polker is leading the way with the Play-to-Earn poker platform.
With Play-to-Earn blockchain gaming growing at an unprecedented pace, Polker.game is poised to change the world of online poker with its unique approach to gameplay. Since the chips used in Polker have no value – the game removes the gambling aspect of poker whilst maintaining prizes that have real-world value. Polker’s play-to-earn poker platform is about competition and skill instead of gambling. Although still in the early days, Polker NFTs have already sold for $10,000 (3.8ETH) on OpenSea.
Growth Potential of Polker (PKR)
With Akon supporting the platform and Polker’s play-to-earn poker platform being live, Polker and $PKR have a huge amount of growth potential. The fact that $PKR is now being listed on centralized exchange BitMart increases this potential massively.
The business model that Polker follows is similar to that of AXIE INFINITY (AXS) which has a fully diluted market cap of $19.4bn at the time of writing. Polker (PKR) currently has a fully diluted market cap of $40.2m. If PKR were to reach the same market cap as AXS then the current value would increase over 482x. Simply put, a $1000 investment in PKR today would be worth over $482,000 if Polker were to grow to the same market cap as AXIE INFINITY.
Even reaching half the market cap of AXS in the short-term which is a much more reasonable expectation would allow for a 24,000% increase in value – an ROI that is too good to miss out on for any investor, especially with Akon backing the platform.
Polker Listing on BitMart
Polker (PKR) is a cross-chain token with a functional bridge between Ethereum, Binance Smart Chain (BSC), and Tron – with a Polygon bridge under development. Until now, $PKR has only been tradeable on decentralized exchanges UniSwap, and PancakeSwap. Now listed on popular and centralized exchange BitMart, Polker (PKR) can be traded by a much larger demographic with the newly listed USDT-PKR pair.
With BitMart listing $PKR and Akon shouting out the play-to-earn poker platform offered by Polker the potential of this platform is unrivalled.
L2 Labs Foundation Explores L2.Cash Protocol to Bring Zk-Proofs to Payment Tools
L2 Labs Foundation, the high-profile software engineering team behind flagship Ethereum-based decentralized exchanges (DEXes), solidifies its stance as a prominent scaling infrastructure provider. Now it intensifies the research and development efforts addressing the one-stop payment solution for businesses and individuals.
L2 Labs Foundation develops payment protocol powered by zk-proofs: What is L2.Cash?
Seasoned blockchain developers from L2 Labs have shared the details of their new product, L2.Cash. It is going to allow decentralized applications and end users to harness leading L2 scaling techniques of the Ethereum (ETH) universe, zk-proofs.
The new product will be integrated with major Ethereum-based decentralized trading platforms and open to the whole blockchain ecosystem: no previous expertise in blockchain programming will be required to utilize L2.Cash.
Due to revolutionary resource-efficiency of zk-proofs, all Layer 2 transactions in L2 Labs’ solutions are 100% free. L2.Cash can also be used free of charge that reaffirms L2 Labs’ strategy of further expanding feeless scaling solutions worldwide.
Technically, L2.Cash should be referred to as a payment protocol for lightning-fast, low-latency retail transactions. Thus, it is the first “out-of-the-box” solution for retail users and merchants developed by L2 Labs. The launch of L2.Cash will finally give a proper spin to real-world zk-proofs adoption flywheel.
L2.Cash facilitates nearly-instant value transfers as zk-proofs infrastructure allows very low transactional latency and full consistency of L1/L2 status. It ensures maximum capability of 1,000 txs per second for all ERC-20 tokens.
Thus, using L2.Cash can save users’ businesses and wallets from the congestion and fee spikes of mainstream blockchains like Ethereum (ETH) and Binance Smart Chain (BSC). As covered by U.Today previously, within the periods of maximum network overload, fees on Ethereum-based DEXes like Uniswap (UNI) can spike over $250 per one swap.
L2.Cash for businesses: Airdrops 2.0
L2.Cash boasts resource-efficient airdrop functionality: all Ethereum-based tokens can be distributed through its instruments free of charge. L2.Cash can airdrop tokens to 10 users every second. This feature is a crucial one for early-stage teams with tokens as it allows to save on infrastructure costs while airdropping assets to first adopters.
Also, the L2 Labs team is actively researching opportunities for zk-rollups technology to get connected to Ethereum Virtual Machine, also dubbed EVM, a ‘decentralized computer’ behind Ethereum and a number of similar blockchains like Binance Smart Chain (BSC), Huobi Eco Chain (HECO), OKEx Chain (OEC), Polygon Network (MATIC), and so on.
Once deployed, L2.Cash protocol will be able to expand on every EMV-compatible chain. This, in turn, will open massive opportunities for its user base boost.
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Voyager Digital Announces Memorandum of Understanding to Integrate Its Payment Platform With Lottery.com
Voyager Digital Ltd., a publicly-traded holding company whose subsidiaries operate a licensed crypto-asset brokerage that provides investors with an app and platform to invest in and trade crypto assets, and Lottery.com, an online platform that provides users with a safe and secure platform to play official lottery games directly from their mobile phones, today announced a Memorandum of Understanding pursuant to which the parties will work together towards enabling Lottery.com users to generate payment transactions using the Voyager platform.
“Voyager is at the forefront of driving crypto adoption and this exciting new initiative demonstrates just that. Once launched, users will have the ability to use their crypto assets for Lottery.com transactions, including games or lottery tickets,” said Stephen Ehrlich, CEO and Co-Founder of Voyager. “This new partnership highlights the growing acceptance of the use of digital assets for purchases, just like Voyager’s recent purchase of an Oakland A’s suite for Bitcoin, and further illustrates the power of Voyager’s retail-focused platform as a robust tool to reach the masses. Our continued growth in April coupled with our ongoing commitment to innovation makes Voyager the natural partner for online and offline companies looking to add crypto payments to their business.”
Tony DiMatteo, CEO and Co-Founder of Lottery.com, said, “Our partnership with Voyager will give Lottery.com users entry into a budding financial system of payments and markets. Our goal is to efficiently drive growth for Lottery.com as we work together with Voyager to expand our relationship into other related products. With the Voyager partnership, we can continue our history of providing innovative blockchain solutions to the lottery and real money gaming industry.”
About Voyager Digital Ltd.
Voyager Digital Ltd. is a publicly traded holding company whose subsidiaries operate a crypto-asset platform that provides retail and institutional investors with an app and platform to invest in and trade crypto assets. The Voyager Platform provides its customers with competitive price execution through its smart order router as well as a custody solution on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent, and cost-efficient alternative for trading crypto-assets to the marketplace. Please visit us at https://www.investvoyager.com for more information.
Lottery.com is an online platform that provides users with a safe and secure platform to play official lottery games directly from their mobile phones, offering state-sanctioned U.S. lottery products, to participants within the United States and around the world. Lottery.com’s proprietary blockchain technology maintains an accurate ledger of each transaction while reducing the opportunity for fraudulent activity. On February 22, 2021, Lottery.com entered into a definitive agreement with Trident Acquisitions Corp. (Nasdaq: TDACU, TDAC, TDACW) to become a publicly-traded company on The Nasdaq Stock Market.
SOS Limited Announces Exercise of Warrants for $26.6 Million Gross Proceeds
SOS Limited (NYSE: SOS) (the “Company” or “SOS”) today announced the agreement by several accredited investors to exercise certain warrants to purchase up to an aggregate of 16,125,000 of its American Depositary Shares (“ADSs”) issued by the company on December 22, 2020, at an exercise price of $1.55, and January 7, 2021, at an exercise price of $1.85 per ADS, respectively.
The ADSs issuable upon exercise of the warrants are registered pursuant to a registration statement on Form F-3 (File No. 333-250145) which became effective by the Securities and Exchange Commission (SEC) on November 30, 2020. The gross proceeds to the company from the exercise of the warrants are expected to be approximately $26.6 million, prior to deducting placement agent fees and estimated offering expenses.
Maxim Group LLC is acting as the exclusive placement agent for the offering.
In consideration for the immediate exercise of the warrants for cash, the exercising holders will receive new unregistered warrants to purchase ADSs in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “1933 Act”). The warrants will be exercisable into an aggregate of up to 25,800,000 ADSs, at an exercise price of $2.00 per ADS, which have a term of exercise approximately equal to five years.
SOS intends to use the proceeds from the offering to develop its planned blockchain-based cryptocurrency mining and security and insurance technology business and acquisition in the cryptocurrency industry as well as for working capital and general corporate use.
The new warrants described above were offered in a private placement pursuant to an applicable exemption from the registration requirements of the 1933 Act and, along with the ADSs issuable upon their exercise, have not been registered under the 1933 Act, and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. The securities were offered only to accredited investors. The company has agreed to file a registration statement with the SEC covering the resale of the ADSs issuable upon exercise of the new warrants.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
About SOS Limited
SOS Limited, through its operating subsidiary, SOS Information Technology Co., Ltd. (“SOS”) is a high-technology company providing a wide range of services to its corporate and individual members, including marketing data, technology and solutions for emergency rescue services. SOS transforms digital technology into data-driven operations through the research and development of big data, cloud computing, Internet of Things, blockchain and artificial intelligence.
We have created a SOS cloud emergency rescue service software as a service (SaaS) platform with three major product categories: basic cloud, cooperative cloud, and information. This system provides innovative marketing solutions to clients such as insurance companies, financial institutions, medical institutions, healthcare providers, auto manufacturers, security providers, senior living assistance providers, and other service providers in the emergency rescue services industry.
Plethori is Offering Investment Opportunities into Leading Insurance, NFT, and Oracle Sectors
London, United Kingdom / 23 May 2021 / Plethori, a cryptocurrency ETF investment platform, is offering investment opportunities into leading Insurance, NFT, and Oracle sectors.
In the crypto world, investment opportunities are plenty, but can appear scattered and complex. Plethori plans to help solve this problem. As crypto becomes more mainstream, emerging projects are combining the best of the traditional and decentralized markets in order to offer the greatest investment opportunities to serious investors. One such company is Plethori, a one-of-a-kind cross-chain investment platform built on the Ethereum and Polkadot blockchains. Their goal: to deliver Cryptocurrency Exchange-Traded Funds (ETFs) to the masses via their platforms.
Plethori is a Cryptocurrency ETF Investment Platform that allows the open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The service will allow investors to deposit capital in the form of PLE tokens and invest in a wide range of ETFs enabling investment into entire industries in cryptocurrency such as insurance, oracles, NFTs, Derivatives, Polkadot ecosystem projects, and many more.
The cross-chain investment platform recently partnered with Shield Finance — a multichain DeFi insurance aggregator. Shield Finance has developed an insurance aggregator which enables investors to protect their portfolio against ‘black swan events such as hacks, exploits, rug pulls, market crashes. The partnership will provide Plethori’s users with the power to insure their investments against negative price movement. Shield Finance will deploy Market Crash Protection contracts to cover the $PLE token. Holders will be able to insure their tokens against loss, giving them the ability to sell their $PLE at a guaranteed price (irrespective of current market price). Plethori also has plans to explore deploying the same insurance contracts to cover their range of available ETFs.
Plethori Brings Financial Inclusiveness
Soon to be launched on the ethereum layer 2 solution Optimism, Plethori will be able to offer their users ultra-low transaction fees and fast trading whilst maintaining high security. The platform shall also provide ERC-721 integration, rewarding ETF creation and trading achievements and gratifying investment and trading. Plethori will utilize the Ethereum and Polkadot ecosystems, empowering traders by providing a wide range of ETF tokens to trade and invest in. This will allow for the leveraging of technology from both blockchains. The service will allow investors to create fully decentralized ETFs that can then be traded which will earn creators a share of the subsequent transaction fees. The leaderboard system will reward top-performing fund creators with NFTs which give perks on the platform and partner project platforms such as early access to releases and higher staking APY.
Some of the key features on the platform include: Metamask Wallet connectivity for trustless non-custodial transactions; Blank Wallet integration for secure, private transactions; ultra-low fees on transactions; margin trading; leveraged trading; advanced charting features; detailed asset information; cryptocurrency market analytics; portfolio management tools; PLE token staking and farming and a lot more.
Plethori Governance is the governance platform and a community forum where PLE token holders will be able to submit proposals and vote on platform changes which will be vetted and executed by using governance contracts. The community will be able to communicate with other equally dedicated members in the tiered groups on the platform and coordinate and propose changes to the Plethori ecosystem.
The governance structure will be a complex but fair tiered system with each holder initially holding an equal single vote and their vote growing in value in response to certain factors relating to usage and involvement in the ecosystem.
The metrics that will influence the governance tier level and strength of vote are: length of time holding PLE; length of time staking/farming PLE; frequency of usage of the Plethori platform; level of engagement in the Plethori Governance platform, and; community contributions.
This system allows for community control, which holds true to the original cryptocurrency ideals of decentralization and democratization.
The PLE token will additionally act as a governance token for the platform giving the community the power to direct the development and advancement of their goals. PLE token holders will be able to vote on the platform to determine fund parameters and new features. They’ll also be able to influence decisions concerning the project such as ETF asset rebalancing or listing/delisting of assets. The changes proposed will be vetted and then voted on through the governance platform. Any changes will be applied automatically via smart contracts.
Plethori is bringing an era of financial inclusiveness through its cross-chain investment platform that offers several investment opportunities via Defi to one and all. Their interoperable platform allows for seamless trading between the Ethereum and Polkadot ecosystems.
The platform guarantees more than simply an aesthetically thought-out UI but also an investor-centric feel to create the perfect blend between form and functionality.
Social Links :
Twitter : https://twitter.com/plethori
Telegram : https://t.me/plethori
Medium : https://medium.com/plethori
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