News
ICOs Continue to Raise Money via SEC Back Door

The number of initial coin offerings getting through the back door at the Securities and Exchange Commission skyrocketed last year, as the securities regulator sent mixed messages about the future of investment contracts based on digital assets.
MarketWatch counted 287 ICO-related fundraisings accepted by the SEC with a total stated value of $8.7 billion in 2018, peaking at 99 in the second quarter. That’s a significant increase from 44 fundraisings filed with a total stated value of $2.1 billion in 2017.
ICO promoters gained access to accredited investors through a back door called Form D, as first reported by MarketWatch in February of last year.
Form Ds are notices filed by a company for an offering that is exempt from full SEC registration requirements. The key criteria for the Form D exemption is that only “accredited investors,” that is, individuals that have a net worth of over $1 million, or that have consistently made over $200,000 per year in income, or companies that have over $5 million in assets, can invest. Companies don’t have to file the Form D before the offering takes place, but instead within 15 days after the first sale of securities in the offering.
MarketWatch searched the SEC’s Edgar database for mentions of words including “coin,” “ICO,” “token,” “initial coin offering” and “saft.” The SEC has been taking steps to warn investors and limit the number of scams from initial coin offerings. Chairman Jay Clayton repeatedly reassured markets in 2018 that no ICOs were “registered” by the SEC.
In May, the SEC’s Office of Investor Education and Advocacy’s tried to capture investors’ attention by setting up a mock ICO website using a bogus coin offering to educate investors about scam red flags. The SEC called it HoweyCoins.com, after the SEC v. Howey, the Supreme Court’s test for whether a transaction qualifies as an “investment contract” and is therefore regulated by the SEC.
In November, the SEC settled its first cases imposing civil penalties solely for ICO securities offering registration violations. The SEC had charged two companies that sold digital tokens in ICOs in 2017 — Airfox, a Boston-based startup that raised $15 million and Paragon, an online entity that raised approximately $12 million — without registering the tokens as securities or filing periodic reports with the SEC.
Later that month, the SEC brought their first cases over touting violations for initial coin offerings, charging boxer Floyd Mayweather Jr. and music producer DJ Khaled.
Based on MarketWatch’s analysis, the SEC’s actions may have helped to slightly staunch the demand for more offerings. But the public statements and speeches of SEC officials belied a reluctance to close the door completely on digital assets and the investment contracts based on crypto-concepts.
SEC commissioner Hester Peirce is a crypto booster, industry advocates say. They’ve nicknamed her “Crypto Mom” after remarks in dissent of a decision by the SEC to reject the application from Cameron and Tyler Winklevoss for a bitcoin-backed exchange-traded fund.
In a speech via video to the Crypto Valley Summit in Zug, Switzerland on Nov. 7 she acknowledged that U.S. regulators are “admittedly sending mixed messages” because they are “coming to terms with crypto in different ways” and not always coordinating with each other.
“For example, our sister regulator, the Commodity Futures Trading Commission, has allowed the development of crypto-derivatives markets, but the SEC so far has not approved any application to list an exchange-traded product based on cryptocurrencies or crypto-derivatives trade on U.S. exchanges,” she told the audience.
Peirce said, “regulators have an unfortunate habit of allowing their own conservatism and their legitimate fear that they will be blamed when investments go wrong to curtail investors’ options.” She favors a different approach, one that “allows investors—informed by good information about the relevant exchange-traded product and encouraged to exercise a healthy dose of skepticism—to choose whether or not to buy the product. I am working on convincing my colleagues.”
In April Coindesk.com reported that Clayton told a Princeton University audience he rejected the idea that all ICOs are fraudulent, even though in February, in he said that he believes “every ICO” he’s seen qualifies as a security. Clayton opened the talk by saying he believes that “distributed ledger technology has incredible promise for the financial industry.”
On Dec. 6, Clayton told an audience at Columbia University, “I believe that ICOs can be effective ways for entrepreneurs and others to raise capital,” Clayton said, while also warning that “the novel technological nature of an ICO does not change the fundamental point that, when a security is being offered, our securities laws must be followed.”
These ICOs could potentially become available to retail investors and consumers, who are supposed to be protected from scams by SEC, as a result of the growth of secondary markets for the crypto-tokens that were created by these ICOs.
Several cryptocurrency-related firms are pursuing alternative trading systems or ATS licenses with the objective of providing trading platforms for ICO tokens and other cryptocurrencies. The SEC regulates these trading platforms, which trade securities listed on national exchanges but are not registered as exchanges themselves.
Coinbase acquired three firms, one of which — Venovate Marketplace — is registered as an ATS. Overstock already had an ATS from a previous acquisition. One of its subsidiaries, tZero, is using it to build a security token exchange.
Spokespersons at the SEC and CFTC did not respond to requests for comment due to the government shutdown.
News
Bitget: Leading the Charge in European Cryptocurrency Exchange Services

With growing interest and investments in cryptocurrencies, Bitget, a major digital exchange, is progressing well in Europe, known for efficiency, advanced features, and secure trading.
Europe Investments
In recent years, Europe has seen a big shift in fintech, especially crypto and blockchain. Despite a 59% fintech investment drop in the Europe, Middle East, Africa (EMEA) region from H1 2022 to H1 2023, crypto remains strong. Finch Capital’s “European Fintech Landscape” report highlighted France and Germany as crypto and blockchain investment leaders in H1 2023.
In H1 2023, the UK’s crypto industry was 28% of all fintech transactions; the Netherlands exceeded this with a notable 35%, showing a strong presence of blockchain and crypto in fintech. Notably, France and Germany maintained strength, with 29% and 27% of fintech transactions involving crypto and blockchain.
Bitget: Trusted Name in Crypto
Bitget is a top crypto exchange, ensuring excellent services and smooth trading with various crypto offerings.
- Bitget Price: Bitget provides real-time price observations for over 12,000 cryptocurrency assets, including BTC price;ETH price;BNB price;DOGE price;XRP price, allowing users to track cryptocurrency prices easily.
- How to Buy Crypto Easily: Bitget offers a user-friendly platform for”how to buy Bitcoin” securely with no fee.
- Bitget Academy: Bitget Academy offers guides, practical tips, market updates for understanding crypto markets, news, and trading strategies, speeding up trading learning.
- Bitget API: Bitget Crypto API enables developers for program trading, data integration, copy trading, and tailored solutions.
- Bitget Calculator: Crypto Calculator compares cryptocurrency values and accurately converts specific tokens to fiat currency.
Bitget’s Impressive Presence in the European
In Europe’s growing crypto scene, Bitget is a top choice for enthusiasts and traders. Its user-friendly platform, security commitment, and leveraged trading draw a large user base, securing a significant market share in Bitget France and Bitget Germany.
Bitget stays ahead in Europe’s crypto market by being proactive and adaptive. With a friendly interface, varied cryptos, tight security, and great support, it leads the exchange arena. Bitget is set to provide cutting-edge crypto services across Europe, reinforcing its leadership.
Blockchain
Polkadot reveals future-proof scaling updates at sub0 developer conference

Developers of Polkadot, the blockspace ecosystem for boundless innovation, will start testing a new process that will provide radical scaling solutions for the network within a matter of weeks.
The plans were unveiled at sub0, the Polkadot Developer Conference, by Sophia Gold, Engineering Lead at Parity Technologies, a leading contributor to Polkadot.
She said asynchronous backing would enable Polkadot to more than triple its number of validators by the end of 2024 to around 1,000, describing this as “the most significant evolution of parachain consensus since we launched parachains almost two years ago.”
She added: “What’s unique about backing in Polkadot is that it’s enshrined – it’s implemented natively on the protocol level and not on the smart contract level, which gives us capital efficiency and censorship resistance. Asynchronous backing enables flexible scheduling for our future scaling work through elastic scaling and instantaneous coretime. We have a credible roadmap to get Polkadot to support 1,000 parachains and 1m+ transactions per second. The design is there – we know how to scale Polkadot for the indefinite future.”
A release of asynchronous backing is due to be deployed to Polkadot’s Rococo testnet in about two weeks.
Habermeier expands blockspace narrative
Sophia Gold was followed on-stage by Polkadot cofounder Robert Habermeier, who unveiled new concepts and architectural components that would enable roadmap features first outlined at Polkadot Decoded in June.
These features, including those known as ‘agile coretime’ and ‘elastic scaling’, would enable more flexible and efficient use of Polkadot’s blockspace and computing power, better serving innovators at all stages of growth, and taking the network beyond the existing parachain model.
He outlined a proposal for a new process of submitting work to Polkadot that would enable the network to process a much wider range of activity than parachains alone, including the ability to deploy smart contracts directly to a Polkadot core.
He explained: “This is how you would get to the point of cores being used by different parachains or bundled in all these different ways without having to enshrine that directly into Polkadot’s protocol. Rather, we make it possible through experimentation at higher levels.”
This new model would also enable a much anticipated feature known as atomic composability, enabling simultaneous execution of operations from multiple parachains at a time for more complex cross-chain transactions.
Accelerating smart contract delivery
The second day provided some important updates on the work carried out by OpenZeppelin on the OpenBrush contract library, intended to ease the development of Polkadot’s native ink! smart contracts. This includes the creation of easily implementable and extensible smart contract standards and translating Solidity contracts into ink!.
Felix Wegener, Security Services Manager of OpenZeppelin, said: “We made suggestions on how to change design choices, tooling, upgradeability and macros, and moving forward we see great promise in the ongoing developments of the Polkadot ecosystem.”
João Santos, Project Manager of OpenZeppelin, said his team had proposed open-source parachain runtimes and underlying FRAME pallets to accelerate the development and deployment of new and secure parachains.
He added: “We believe the initial step here is a generic runtime to allow projects to have a common base and start building immediately. Then we can start taking the learning we had developing this runtime, take the community feedback and then think about what’s next.”
New Ledger app coming
Juan Leni, CEO of Zondax, a major software developer for the Ledger hardware wallet, explained how his team is developing a new Ledger app for Polkadot that depends on verifiable metadata. He said: “I haven’t seen anything similar in other ecosystems. It will feature very minimal updates to the runtimes and to the wallets, we started research and development back in June.”
The single Ledger app can support any parachain in the Polkadot ecosystem, a boost for user experience of cold wallets on Polkadot, as previously, a separate app was required for each network. The app will feature clear signing of all transactions for maximum security.
His colleague Fernando Theirs said: “The integration for new parachains should be super simple. If you respect the metadata protocol it should be almost out of the box.”
Attendees also heard how Snowbridge, an Ethereum bridge to be built on the Polkadot Bridge Hub, is in position to deploy on the protocol’s canary network before the end of the year.
The plan is for each parachain to have its own dedicated messaging channel to Ethereum, unlocking a high degree of flexibility. Snowbridge is a trustless, decentralized mechanism for linking the Ethereum and Polkadot ecosystems, and is designed for general purpose.
About Polkadot
Polkadot is the blockspace ecosystem for boundless innovation. It enables Web3’s biggest innovators to get their ideas to market fast, with flexible costs and token options. By making blockchain technology secure, composable, flexible, efficient, and cost-effective, Polkadot is powering the movement for a better web.
News
The New Playbook: SB22 and ALL.ART’s Blueprint for NFT-Driven Sports Entertainment

In a groundbreaking fusion of technology and sports entertainment, SB22 and ALL.ART proudly announce a partnership set to redefine the future. Merging the adrenaline of immersive sports betting with the innovative world of NFTs and blockchain solutions, this collaboration promises to elevate the sports entertainment experience, delivering unparalleled engagement and opportunities for enthusiasts around the globe.
We are thrilled to unveil an innovative partnership between SB22, the industry’s pioneering fully immersive betting and transactional platform, and ALL.ART, the trailblazers in establishing enhanced NFT standards and building robust blockchain infrastructure solutions. As SB22 takes strides to redefine the sports entertainment industry, this partnership with ALL.ART is a significant step in achieving that vision.
With ALL.ART’s dedication to reshaping the NFT landscape and developing solid blockchain infrastructures, SB22’s betting system will undergo a groundbreaking transformation. This collaboration aims not just to alter the dynamics of sports entertainment but to magnify the experience by seamlessly integrating NFTs.
Commenting on the exciting alliance, Marko Savkovic, CTO of SB22, said, “In line with SB22’s core philosophy of a fully modular and expandable platform, this partnership will enable us to seamlessly integrate automated minting of all the relevant NTF tokens into our wagering and promotional flow. We strongly believe ALL.ART engine is best suited for this purpose, allowing us to establish a perpetual link between holders of image rights and minted NFTs, persistent through any number of future token resales.”
Further reflecting on this collaborative journey, Vitomir Jevremovic, Founder and CEO of ALL.ART, said, “Our vision has always been to intersect the blockchain and digital asset landscapes with diverse industries. This partnership with SB22 is a testament to that vision. Their platform, which has already made significant waves in the sports betting industry, aligns with our expertise in NFT and blockchain innovations. Together, we’re constructing a new paradigm for sports and tech enthusiasts alike. It’s an exciting time for both our organizations and for the countless individuals who will benefit from this fusion. “
Enthusiasts and sports fans can eagerly anticipate exclusive NFT drops and merchandise that will spotlight some of the sports world’s premier names and leagues. Together, SB22 and ALL.ART are setting the stage for a blend of sports action with the inventive realm of NFTs, crafting an entertainment experience like no other. As we embark on this exciting journey, the merger of SB22’s revolutionary betting platform with ALL.ART’s expertise in NFTs and blockchain solutions promises a future where sports entertainment is more vibrant and immersive than ever before.
For more information, visit:
https://sb22.com
https://all.art/
For more information on Product:
www.sb22.com
Technologies
Rollup ID Launches Beta

Rollup ID, the user management platform providing simple and secure auth for the private web, announces its Beta launch. By bringing all of a user’s authentication methods under a single digital ID, Rollup enables simpler onboarding and sign-in and provides businesses with a better means of keeping track of users, no matter what credentials they use. Rollup is standards-compliant for seamless integration and supports a variety of common authentication methods, with support for more to be rolled out over the course of the Beta period.
Rollup ID reimagines auth from first principles to make authentication and authorization easier to manage and simpler for users to navigate with a user-centric solution. For too long, authentication (verifying credentials) and authorization (permissioning users) have been treated disparately, resulting in high-friction user experiences and challenging user management. Rollup takes the opposite approach, housing all of a users’ credentials in a unique digital ID “Passport” that puts users in control of their credentials and allows apps to identify users no matter which authentication method they use.
“User management is a headache for many businesses, and auth remains a problematic part of conversion funnels,” said Adrian Maurer, Founder of Rollup ID. “It turns out that both pain points can be addressed in a single stroke when authentication and authorization are harmonized in a unified digital ID system.”
Using Rollup, businesses can progressively authorize users’ access to particular features or domains. Whereas in a fragmented auth system, each authentication method is logged as a unique user, Rollup automatically associates all of a users’ credentials with their digital ID. This allows for vastly improved onboarding and offboarding experiences where users can get started trying out an app by just sharing a single identifier, such as an email, and only at the moment of accessing a particular feature will the app prompt them for an additional credential that’s needed. This makes it simple for companies to operate in compliance with regulations such as GDPR and CCPA.
Rollup ID is built to be enterprise-ready. It’s OIDC and OAuth 2.0 compliant, making integration plug-and-play, and can be easily personalized with custom designs and host names. This also means it works out of the box with widely used existing auth platforms, so companies can phase into using Rollup. Additionally, Rollup supports a variety of authentication methods, including passwordless credentials like email-based one-time password (OTP) and Web3 wallet sign-in as well as social sign-ins, with support for passkeys coming later in the Beta.
“Rollup ID is the easiest way to add robust Web3 login to your web app,” said Byron Hsu, Orange DAO Head of Product. “Because it’s Oauth2 compatible, it’s simple and secure to integrate.
“There are many legacy players in identity access management that have antiquated ways and means of federating identity across multiple applications and services,” said Steven Ward, Authenticate.com Founder & CEO. “Rollup ID is revolutionizing how users control their data, their privacy and access to their information in a compliant, ethical and practical way.”
“Rollup ID is solving problems that businesses deal with every day,” said George Colwell, Sr. Vice President, IDVerifact. “In a world of constantly evolving and complex regulations, we really need more technology like Rollup ID.”
“Rollup ID bridges the chasm between the user experience people demand and the power and freedom of the distributed web,” said Andrew Schwab of Protocol Labs. “Rollup ID’s approach incorporates the ethos of Web3 into a solution that meets users where they are while offering an intuitive onramp to truly user-controlled identity.”
As the Beta progresses, Rollup will be implementing feedback and releasing additional valuable features. The team is committed to enabling fine-grain privacy controls and will be launching masked emails as well as thoughtfully implemented know-your-customer (KYC) functionality that allows users to first visit an application through pre-authorization and only complete the KYC process when they’re ready to perform particular actions like financial transactions. Better yet, with Rollup users’ KYC information is portable, meaning once they’ve completed the identity verification once it will enable them to access other sites and apps. Finally, Rollup will enable object storage, allowing information such as application data to be stored in a user’s ID rather than on a centralized database. Because this object storage is portable, users will be able to do things like take financial data from their bank to an accounting app for preparing their tax returns.
Developers and businesses interested in trying Rollup should visit https://rollup.id/ where they can get up to $500 in credits to get started.
About Rollup ID
Built on open standards, Rollup ID combines authentication and authorization into unique, user-centric digital IDs that house all of a user’s credentials. With Rollup’s compliant-by-default user management platform, enterprises can onboard new employees, partners, and customers without compromising on security or the privacy of users’ data.
Rollup is OIDC and OAuth 2.0 compliant, enabling businesses and developers to easily enhance security, control, and lifecycle management for their applications while providing their users with a seamless auth experience. To learn more about Rollup ID and sign up for the Beta, please visit https://rollup.id.
Technologies
Dexalot Unveils SimpleSwap and SimpleView Features for Enhanced User Experience

Dexalot, the decentralized exchange (DEX) operating on an Avalanche Subnet, has launched two major new features. SimpleSwap and SimpleView work in harmony, helping traders benefit from AMM-style swaps and greater portfolio visibility respectively.
As a central limit order book (CLOB) exchange, Dexalot incorporates more sophisticated features than a conventional DEX. To ensure users enjoy an optimal experience, combining the simplicity of a DEX with the advanced trading tools of a CEX, Dexalot has released SimpleSwap and SimpleView.
Scheduled to go live on September 19, SimpleSwap allows users to benefit from the tight spreads and excellent pricing of a CLOB, but with the look and feel of the AMM atomic swaps that are ubiquitous in DeFi. As a result, Dexalot traders will be able to swap between tokens quickly and easily via a clean, uncluttered interface. This feature will complement the existing order book format.
When executing trades using SimpleSwap, users will be able to trade directly on the Dexalot platform or via third-party aggregators. Thanks to integration with multiple aggregators, Dexalot is making SimpleSwap available to users wherever they prefer to trade. This will enable them to tap into the superior pricing that is synonymous with Dexalot including unrivaled onchain pricing for assets such as WETH.e and BTC.b.
To further support its efforts to enhance user experience, Dexalot is releasing SimpleView. This quick-look account abstraction feature helps users check the status of their portfolio at a glance. Because traders typically have assets in various markets when using a CLOB exchange, it can be hard to keep track of tokens. SimpleView solves this problem, making it easy for traders to determine their portfolio value and composition.
“Simple Swap has the potential to become the perfect conduit for the most capital-efficient liquidity to get to traders. CLOB style trading is the only way to trade in TradFi because of its capital efficiency and this wasn’t possible in Web3 until Dexalot. With Simple Swap, we now have the perfect atomic transaction capability without compromising on the quality of liquidity like AMMs and AMM variants do.” said Berk Ozdogan, Head of Strategy at Dexalot.
Matthew Schmenk, BD at Ava Labs adds “Dexalot’s central limit order book architecture makes for some of the best swap pricing in all of blockchain and with SimpleSwap, Dexalot should win a lot of swap routes and volumes.”
Since launching on its own Avalanche Subnet, Dexalot has processed over 17 million transactions with daily trading volume of up to $5M. Its team includes financial veterans with a background on Wall Street, whose experience has been brought to bear in developing Dexalot as the most advanced decentralized exchange of its kind. Additionally, Dexalot was just awarded up to $3m in incentives for users from Avalanche’s Multiverse Fund.
About Dexalot
Dexalot is a decentralized exchange that brings the traditional centralized exchange look and feel to a decentralized on-chain application. The Avalanche-powered Central Limit Order Book DEX represents an accessible and transparent environment where Dexalot users can trade crypto securely and efficiently, with no slippage or custody risk.
Learn more: https://dexalot.com/
Technologies
KryptoGO Unveils Innovative “Soul-cial” Feature at Token2049

Leading Web3 infrastructure pioneer KryptoGO has released its innovative “Soul-cial” function for GameFi enterprise and community at the Token2049 conference held in Singapore. The technology was showcased in the KryptoGO Studio V1.1 release during the ABGA Gaming Summit, an event sponsored by the company, highlighting new social functionalities tailored to gamers and guilds.
The keynote address by Kordan Ou, founder and CEO of KryptoGO, titled “Fun or Earnings? Unleashing GameFi’s Social Community Potential with the Soul-Bounded Wallet,” discussed the dilemma faced by GameFi enterprise: whether to focus on providing an engaging gaming experience or to prioritize the financial returns of the game.
Kordan stressed the enormous potential of the GameFi community that could be unlocked through the soul-bounded wallet, attracting not only players but also investors. The presentation underscored the exciting opportunities for breakthroughs and innovations in blockchain gaming, emphasizing that now is the opportune moment for game developers and enterprises to embrace Web3 gaming.
To actively address the current triad of challenges facing the gaming sector — including issues with player identity circulation, the difficulties developers encounter when integrating various public chains, and the necessity to swiftly onboard existing customers to the Web3 world — KryptoGO proposed a comprehensive five-module solution – KryptoGO Studio, designed to facilitate businesses in their transition from Web2 to Web3 gaming.
The solution promises a seamless login experience and support with KYC customer verification, complemented by a Wallet Builder for rapid decentralized app development. This approach enables easy transactions for players while allowing enterprises to manage their assets effectively. With KryptoGO Studio V1.1 release, “Soul-cial” features integrated social experience with various token economies specifically for game community.
In collaboration with YGGJ and IVC, KryptoGO has crafted the world’s first dedicated blockchain wallet for GameFi, now successfully integrated into the GabeeTown information aggregation platform. This initiative aims to lower market entry thresholds and reduce development costs, thereby eliminating barriers to user entry.
Furthermore, the KryptoGO team engaged actively with nearly a hundred of Web3 brands, clients, partners, and talented individuals during the conference, exploring potential future collaborations and drawing inspiration. The dialogue opportunities with several corporations and ecosystem partners, including Google, Jumio, Elliptic, and the Monetary Authority of Singapore (MAS), have laid a solid foundation for a more secure and transparent Web3 environment in the future.
About KryptoGO
KryptoGO is a leading brand advocating for the construction of a secure, transparent, and trustworthy Web3 world. Founded in 2019, KryptoGO utilizes blockchain technology, artificial intelligence, and regulatory technology to create a secure, reliable, and fully transparent decentralized virtual asset management platform for Web3 individuals and businesses. It serves as a robust bridge connecting on-chain assets with offline applications. The core engineering team has an average of over 10 years of development experience and hails from globally renowned internet companies and champions of Olympiad-level programming contests. They bring rich experience in open-source project development (with Github projects totaling over 25,000 stars), over 6 years of blockchain development experience, and hold more than 10 patents in artificial intelligence and blockchain. KryptoGO has not only achieved ISO 27001 and 27701 international certifications but also has attracted significant investment from capital sources like the National Development Fund, pushing its valuation over a hundred million. Current clients include banks, venture capital firms, and numerous virtual asset service providers. Its strategic partners are located both domestically and internationally, including the largest Web3 gaming guild YGG’s Japanese gaming guild, YGGJ.
Official Website: https://kryptogo.com
News
ETH Riyadh 2023: Exploring the Future of the Web3 Ecosystem

On October 11th, 2023, ETH Riyadh 2023, presented by Tharawat Technology, Studio 23, ChainIDE, Coffee with Crypto, and Mask, is poised to assemble developers, innovators, and the global blockchain community in a dynamic exchange of ideas and technological advancements. Riyadh is once again primed to assert itself as a global epicenter for blockchain innovation with the imminent arrival of the ETH Riyadh 2023 conference.
Riyadh represents a burgeoning center for digital innovation, with a growing tech-savvy community and an environment conducive to the adoption of emerging technologies. The strategic location in the heart of the Middle East makes Riyadh an ideal meeting point for blockchain enthusiasts from diverse regions, fostering international collaboration and innovation.
EthRiyadh 2023 is a series of hybrid events, hosted both online and offline, featuring three distinct stages. It kicks off with the META to Global Web3 Builder Competition, taking place from September 18th to October 12th. This competition will feature multiple tracks focusing on the latest innovations in the web3 industry and blockchain technology, encouraging developers and innovators to showcase their skills and creativity.
Following with the Builder Conference that Scheduled for October 11th. This part of the event promises captivating talks and panel discussions led by leaders and visionaries in the blockchain field. Attendees will have the opportunity to gain valuable insights into emerging trends and groundbreaking technologies that are shaping the future of web3 and Ethereum.
The event culminates with the online Builder Mixer, taking place on October 12th. This is a unique opportunity for participants to connect with a vibrant community of builders, fostering growth and mutual success. Attendees can share stories about their experiences in building and forging meaningful connections that may lead to future achievements in the blockchain industry.
For more information about ETH Riyadh 2023, including registration details and agenda updates, please visit [www.ethriyadh.com].
Blockchain
Solar Dex to relaunch on Quai Network

While many solutions for blockchain scalability have been proposed, they remain unable to crack the blockchain trilemma, sacrificing security and decentralization. Quai is the first blockchain protocol that is simultaneously decentralized, censorship resistant and infinitely scalable. Quai, in contrast to traditional cryptocurrencies, functions as a network of many interoperable blockchains braided together. Due to a breakthrough discovery that occurred during research on proof-of-work, Quai Network utilizes a new consensus mechanism, proof of entropy minima (PoEM), which eliminates all consensus-based forks and enables all Quai nodes to remain in “perpetual consensus.”
Solar Dex began as the first United States-based decentralized exchange on Solana, and will now be pivoting to build on Quai as one of its first DEXs. Due to a loss of TVL on Solana and many Solana-based projects moving strictly to NFTs, the Solar team has decided to get ahead of the DeFi curve and take advantage of Quai’s low-cost, high-speed decentralized network in order to better position Solar Dex for the next bull run. The team at Solar is building on top of Quai Network to “ensure a more sustainable future for Solar Dex.”
Roy Fardin, chief business officer, said: “After talking to the Quai Network team, we have never been more bullish about a layer 1 with scalability and its passion for growth. It was a clear eye-opener that they care about DeFi and want other projects that utilize this network to succeed. The vision behind Quai brings the best of Ethereum and Solana all together into this new network.”
Solar Dex will be reworking the DEX into several components as it builds on Quai. The DEX will not only support traditional swaps, but also add in customizable swap themes. In addition, Solar Dex’s Solar Sentries NFTs will allow staking as a yield opportunity derived by all exchange fees earned from Sentry Mode projects.
Richard, CEO of Solar Dex, said: “On top of traditional DEX swaps, Solar Dex will be adding limit orders on Quai. “We’re doing a total revamp of the website and DEX which should be very aesthetically pleasing and simplistic to onboard new users to DeFi and also Quai.”
With Quai’s Iron Age Testnet beginning in September 2023, Solar Dex will be prioritizing its deployment on Quai for the coming months. There will be incentives to beta-test Solar DEX on Quai and additional generalized rewards will be provided by Quai for participating in the Iron Age Testnet. On top of this, the Solar team will be adding a surprise feature to the DEX to build excitement for Quai’s testnet launch, as well as utilizing its incentive program to reward holders.
With backing from Polychain Capital and an expert team with backgrounds at Apple, GridPlus, Tesla, Consensys, Circle and more, Quai is excited to usher in a new generation of innovative applications that don’t sacrifice decentralization.
Altcoins
Bright Horizons: Fideum Group Anchors Spot in Mastercard Lighthouse Elite Program

Fideum Group, an ambitious financial aggregator renowned for its commitment to enhancing both retail and institutional client experiences, announced its notable inclusion in the prestigious Mastercard Lighthouse FINITIV 2023 Fall Program. As one of 15 selectees from the Nordic and Baltic regions, Fideum Group is poised to redefine the fintech industry alongside other innovators, startups, and early-stage scaleups.
A Legacy of Innovation and Dedication
Born from the strategic union of GenBlock and blockbank, Fideum Group, the London-based entity, has since its inception demonstrated an unwavering commitment to pushing the boundaries of fintech solutions. The merger signified not just the unification of two powerful entities but also their shared vision of a more integrated, user-centric financial landscape.
A Milestone of Recognition
Their selection for the Mastercard Lighthouse program isn’t just another feather in their cap. It’s a testament to the years of hard work, innovation, and an undying commitment to their clients. This association with Mastercard Lighthouse places Fideum Group on a pedestal, emphasizing its leading role in the ongoing fintech revolution.
Promises of the Collaboration
- Innovative Reach: The collaboration unveils opportunities to tap into Mastercard’s vast global network, interlinking with a myriad of partners, clients, and banks.
- Unequivocal Validation: Mastercard’s nod serves as a clear testament to the forward-looking direction and the boundless potential Fideum Group brings to the financial table.
- Expanded Horizons: The prospects of delving into a multi-token network integration paint a future where diverse financial solutions reign supreme.
Stepping into a Brighter Fintech Future
“As we set the stage for Fideum’s emergence in Q4 2023 and consolidate our partnership with Mastercard, our primary mission remains: to constantly redefine the financial landscape,” articulated Anastasija Plotnikova, CEO and Co-Founder of Fideum Group.
A Glimpse into the Lighthouse Program
Mastercard’s Lighthouse FINITIV program, since its inaugural launch in 2018, has firmly established itself as a pivotal catalyst sparking fintech innovation across the Nordic and Baltic territories. The program’s goal is more than just bringing innovations to light; it’s about fostering them, nurturing them, and ensuring they set the standards for the financial world of tomorrow. Fideum’s inclusion in this coveted program underscores the industry’s resounding endorsement of their potential, their unique value proposition, and the innovative solutions they champion.
Fideum’s Forward Vision
Beyond the Lighthouse program, Fideum Group aims to continue its streak of fintech innovations. They envision a world where finance is not just a necessity but an experience, enriched by technology, optimized by data, and crafted around individual needs. With strategic partnerships, advanced technologies, and an undying passion for finance, Fideum is on track to bring about transformative changes that benefit institutions and individual clients alike.
Final Remarks
The collaboration between Fideum Group and Mastercard is a harbinger of the exciting developments awaiting the fintech industry. Stakeholders, partners, clients, and the entire financial ecosystem can anticipate a series of innovations that not only cater to modern needs but also shape the future of financial interactions.
For a comprehensive look into Fideum Group’s ethos, innovative solutions, and their promising journey ahead with Mastercard Lighthouse, explore further at Fideum.Group
Technologies
Web3 Social Platform “Cardano Spot” Unveils New Features to Empower Cardano Enthusiasts

First all-in-one social media platform for everything Cardano, Cardano Spot, has unveiled a series of innovative features. The platform, founded and developed with direct input from the Cardano community, aims to address fragmentation within the Cardano ecosystem, provide a 360-view, and foster enhanced community interaction.
Latest Enhancements for a More Robust Experience
Cardano Spot has launched its latest features to facilitate the expansion of native Cardano projects and their communities.
Open Access. In its upgraded version you can now access both News Feed and Project Library without being required to sign in.
Multilingual News Feed. Additionally, Cardano Spot provides access to a diverse multilingual News Feed, featuring content from Portuguese, Vietnamese, and Indian community members.
Simplified Registration. The platform now also provides a number of alternative ways for registration, including Twitter, TikTok, and GitHub accounts.
Explore Page. Offers a better user experience through a simple curated view on the latest information about the Cardano ecosystem.
Refer-a-Friend. The newly launched “Refer a Friend” feature enables users to invite friends through a personalized referral link.
A peek into other features:
- Community Hub: A customized homepage tailored to individual user interests, empowering content creation, user connections, and discovering like-minded communities.
- News Feed: A source for the latest Cardano ecosystem news, offering educational content, articles, and videos to expand knowledge horizons.
- Project Library: A comprehensive repository spotlighting projects built on the Cardano Blockchain, complete with explanations, whitepapers, introductory videos, and essential links for personal research.
- Events Calendar: A consolidated calendar showcasing Cardano-related events, including webinars, discussions, product launches, and more.
- Market Status: Real-time insights into native token prices, market trends, and tokenomics.
Sebastian Zilliacus, Managing Director at EMURGO, explained, “Cardano Spot aims to provide trust, transparency, and accurate information about the Cardano ecosystem. We partner with native Cardano projects to achieve this objective.”
About Cardano Spot
Cardano Spot is the first product from EMURGO Media. This Cardano enthusiasts-focused social network serves end-to-end information for the Cardano community. It provides a user-generated interactive platform specifically designed for investment in, distribution, consumption, and monetization of Cardano content. Cardano Spot solves the issue of fragmented content in the Cardano ecosystem by aggregating valuable, quality content from reliable sources in the Cardano ecosystem to give up-to-date developments in the Cardano ecosystem.
For more information, please visit: https://bit.ly/CardanoSpotWeb3Platform.
-
News3 weeks ago
Splitcoin Inc. Announces Completion of Whitepaper Review Performed by Least Authority
-
News3 weeks ago
TaxBit Announces AI Enabled Rules Engine for Crypto Accounting
-
Blockchain3 weeks ago
Alchemy Pay Deploys on Polygon zkEVM as an Early Stage On-Ramp Provider
-
Technologies2 weeks ago
Web3 Social Platform “Cardano Spot” Unveils New Features to Empower Cardano Enthusiasts
-
Blockchain2 weeks ago
CipherBlade and MacNerd Unite to Fortify Blockchain Security
-
Altcoins2 weeks ago
Bright Horizons: Fideum Group Anchors Spot in Mastercard Lighthouse Elite Program
-
News1 week ago
ETH Riyadh 2023: Exploring the Future of the Web3 Ecosystem
-
Blockchain1 week ago
Solar Dex to relaunch on Quai Network
You must be logged in to post a comment Login