News
OKX Senior Executives Lead Discussions on Virtual Assets and Web3 Development at Hong Kong FinTech Week 2023
OKX, a leading global Web3 technology company and virtual asset exchange, showcased its dedication to the development of Hong Kong’s Web3 and virtual asset ecosystem during the recent Hong Kong FinTech Week 2023, where it was also a Diamond Sponsor of the event.
During the main conference, which took place on November 2-3 at the Hong Kong Convention Centre, OKX’s senior executives participated in a number of panels and fireside chats. At the ‘Hong Kong Stage’ on November 2, OKX Global Chief Commercial Officer Lennix Lai engaged in dialogue about strengthening Hong Kong’s strategic position in the global FinTech space, with a particular focus on digital infrastructure and building a FinTech-savvy workforce.
Lennix also participated in a fireside chat on “How Hong Kong is Becoming a Global-leading Hub for Regulated Virtual Asset Businesses” alongside QReg Advisory CEO Clara Chiu on November 3. The conversation continued with a panel discussion on “Leadership Lens: Unpacking Web3’s Potential with Top Innovators,” where Lennix shared his insights alongside Bloomberg TV Reporter Annabelle Droulers and key Web3 players, including Scroll Co-Founder Sandy Peng, Ledger Chairman & CEO Pascal Gauthier, Animoca Group President Evan Auyang and Animoca Capital Managing Partner Homer Sun.
OKX Ventures Partner Jeff Ren spoke on the future of finance in relation to DeFi and CeFi in a panel discussion on November 3, alongside Moody’s Investors Service Managing Director and Global Head of DeFi & Digital Assets Fabian Astic, Easy Crypto CEO Janine Grainger and CoinTelegraph Reporter Tom Mitchelhill. During this session on November 3 at the AI, Web3 & New Frontier Stage, panelists delved into the innovative landscape of DeFi, the opportunities and challenges it presents, and its implications for the financial industry and beyond.
Jeff also joined a fireside chat on “Investing in Blockchain Infrastructure: The Zero-Knowledge Technology Boom” with CoinDesk Head of Audience Development Eliane Ramirez at the Center Stage on November 3. During this fireside chat, Jeff highlighted OKX Ventures’ commitment to investing in pioneering zero-knowledge and Layer-2 projects, such as Scroll, StarkWare, zkSync and Taiko, as well as its dedication to supporting its partners and builders in the Web3 space.
Conference attendees who visited OKX’s booth (booth number: FA03) also had the opportunity to mint a limited-edition OKX-Hong Kong FinTech Week NFT for free, as well as receive OKX-branded swag items.
OKX Global Chief Commercial Officer Lennix Lai said: “Hong Kong FinTech Week 2023 was the ideal platform for OKX to engage in conversations about the potential of Web3 technology to shape the future of finance and beyond. We believe Hong Kong’s strategic position and strong infrastructure make it an ideal global hub for emerging technologies and virtual assets, and are looking forward to driving a future marked by mass adoption of Web3.”
OKX Ventures Partner Jeff Ren said: “OKX Ventures is committed to promoting the growth and development of zero-knowledge technology, which we view as a crucial element in scaling blockchain infrastructure. Our involvement in this year’s Hong Kong Fintech Week allowed us to emphasize the significance this technology has in shaping the financial landscape of the future. OKX Ventures’ support for innovative projects in the area of zero-knowledge technology will continue, as we strive to facilitate the mass adoption of Web3.”
These discussions underscore OKX’s commitment to fostering a robust and innovative Web3 ecosystem in Hong Kong, highlighting the city’s critical role as a global hub for emerging technologies and virtual assets. In March of 2023, OKX announced the establishment of OKX Hong Kong, along with its intention to apply for the relevant licenses for virtual asset trading platforms.
About OKX
OKX is a leading global virtual asset exchange and Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.
As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.
Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.
To learn more about OKX, download our app or visit: okx.com
News
Achieve Measurable Success with Cointraffic’s Premium Crypto Ads & Traffic
In the fast-growing world of cryptocurrencies, visibility is the key to success. Whether you’re launching a token, promoting an exchange, or building a blockchain project, having a solid crypto marketing strategy is essential. That’s where Cointraffic.io comes in, offering targeted and effective solutions tailored to the unique needs of the crypto industry.
What is Crypto Marketing?
Crypto marketing is a specialized form of digital marketing focused on promoting cryptocurrency and blockchain projects to a niche audience. Unlike traditional marketing, it requires an in-depth understanding of the crypto space, including its trends, challenges, and opportunities.
From building awareness to driving conversions, successful crypto marketing ensures your project reaches the right people and generates meaningful engagement. Cointraffic.io is at the forefront of this field, delivering proven strategies to help your brand thrive.
Why Choose Cointraffic for Crypto Marketing?
Cointraffic.io is a trusted partner for businesses in the cryptocurrency and blockchain sectors. Here’s why their crypto marketing services stand out:
1. Targeted Crypto Audience
Cointraffic collaborates with leading cryptocurrency websites to ensure your ads reach a highly targeted audience. This includes crypto enthusiasts, investors, and professionals who are actively engaged in the blockchain space.
2. Comprehensive Marketing Solutions
From banner ads and press release distribution to native advertising, Cointraffic offers a wide range of marketing services designed to maximize your campaign’s impact.
3. Global Reach
Crypto is a global phenomenon, and Cointraffic’s network reflects that. With partnerships across Europe, Asia, and the Americas, their campaigns provide international exposure for your brand.
4. Performance Analytics
Cointraffic provides real-time insights into your campaign’s performance, including impressions, clicks, and conversions. This data allows you to refine your strategy and optimize results.
5. Industry Expertise
With years of experience in the cryptocurrency market, Cointraffic’s team understands the nuances of the space. Their insights and strategies are tailored to ensure your marketing efforts resonate with the crypto community.
Real Results with Cointraffic
Cointraffic’s crypto marketing campaigns have helped countless businesses achieve their goals. Whether it’s driving traffic, building brand awareness, or increasing conversions, their tailored solutions deliver measurable results.
How to Get Started
Getting started with Cointraffic is easy. Visit Cointraffic.io to explore their crypto marketing services and create a customized strategy for your brand. Whether you’re a startup or an established name, Cointraffic has the tools and expertise to help you succeed.
Conclusion
In the highly competitive crypto space, effective marketing is essential for standing out. With Cointraffic.io, you gain access to a trusted platform that delivers targeted solutions and proven results.
Don’t let your crypto project go unnoticed. Choose Cointraffic.io for expert crypto marketing and watch your brand grow.
Blockchain
Graphite Network Launches Next-Gen Blockchain With Passive Income for Node Operators and Trust-Based Security
Graphite Network has introduced a next-generation Proof-of-Authority (PoA) blockchain utilizing the Polymer 2.0 algorithm that converges traditional finance (TradFi) with the capabilities of Web3. Its unique features like income generation through Entry-Point Nodes—an industry first—along with a reputation-based scoring system and a secure, multi-layered KYC process enhance both user trust and active participation in the blockchain ecosystem.
Income from Entry-Point Nodes
Unlike other blockchains, where revenue typically relies on tokens or external monetization, Graphite enables entry-point (transport) node operators to earn passive income directly from transaction fees routed through their nodes.
By running a node, operators contribute to the network’s activity and earn 50% of the fees from transactions passing through their nodes, with the remaining 50% going to the block sealer. This means that enterprises, startups, and developers can now generate passive income from the network without taking on large-scale validator roles, lowering barriers to blockchain integration.
Enhanced Trust and Privacy Through Reputation-Based System
Graphite’s blockchain is designed around a reputation-based architecture, providing users with a secure and trustworthy environment that respects both privacy and transparency.
“For many people, crypto still feels uncertain—there’s a lack of trust, fears of financial loss, and concerns about scams,” said Marko Ratkovic, the CTO at Graphite Network. “While this is a complex problem, Graphite marks a huge step forward in blockchain evolution by merging blockchain technology with a trust-based, inclusive financial model that enables both TradFi and Web3 users to participate securely.”
To support this model, Graphite has introduced the ‘One User, One Account’ policy, requiring users to activate their accounts with a small setup fee. This measure helps to prevent the creation of numerous disposable wallets often used for suspicious transactions.
Among other reputation-centric features, Graphite will implement a multi-tiered KYC framework, initially offering social media authentication as the first level, with additional verification levels planned for a later release. All interactions with the respective KYC center are conducted off-chain, meaning private data remains secure while still meeting transparency requirements.
Each user’s reputation is represented by the Trust Score, which is influenced by a set of parameters, including the KYC verification level. These metrics collectively help identify and filter out transient or fraudulent activities by a user or an entity in order to support secure, reputation-based interactions across the blockchain.
Graphite will also allow businesses to develop their own customized, reputation-based smart contracts to tailor services to specific user criteria. For instance, a bank could create a unique smart contract to offer loans only to individuals who meet predefined reputation standards, such as creditworthiness or account longevity, in line with the bank’s regulatory and business requirements. In this way, Graphite can serve as a blockchain for bank compliance as its functionality and potential far exceed those of other blockchains.
Additionally, users will have the flexibility to set transaction filters based on KYC levels, enabling them to block interactions with accounts that don’t meet their preferred verification standards. Targeted jurisdictional filtering options are also in the pipeline to provide additional flexibility for businesses facing regional regulatory constraints.
Graphite is committed to maintaining privacy and reasonable anonymity—core values for most blockchain users. The Graphite Trust Score is stored on-chain while private user data remains off-chain. In this way, Graphite’s data requirements are far less intrusive than those required by traditional financial institutions, which often lead to user data being leveraged for sales purposes. In contrast, Graphite is implementing a Zero Knowledge Proof (ZKP)-based KYC system to verify information without accessing or sharing private data.
High-Performance Transactions and Seamless Integration for Mass Adoption
Geared towards mass adoption, Graphite’s transaction model offers both speed and scalability, processing up to 1,400 transactions per second (TPS) with confirmation times under 10 seconds to support high-volume usage. This far outpaces Ethereum’s 15-20 TPS.
Due to its high TPS capacity, Graphite’s network fees are predictable and stay close to the minimum, allowing users to plan their expenses with confidence.
Meanwhile, compatibility with the Ethereum Virtual Machine (EVM) enables seamless integration of existing Solidity smart contracts, allowing developers to migrate applications to Graphite easily and benefit from its PoA efficiency.
About Graphite Network
Graphite Network is a PoA Polymer 2.0 blockchain platform designed to bring the advantages of TradFi into the Web3 world. Built with a focus on sustainability and reputation, Graphite combines transparency, efficiency, and privacy to create a secure ecosystem for users and developers. The Graphite ecosystem offers Graphite Wallet for feature access and KYC, Graphite Bridge for cross-network interoperability, and Graphite Explorer for real-time blockchain data analysis. Developers also benefit from comprehensive API Documentation for easy application integration and a Faucet for Testnet Funds to support experimentation.
Website: https://atgraphite.com/
X: https://x.com/GraphiteNetwork
Business
Moby Partners with PumpBTC to Revolutionize BTC Liquidity
Moby, a leading on-chain options protocol, and PumpBTC, a pioneering BTC liquidity platform, have announced a strategic partnership to unlock new earning opportunities for BTC holders. This collaboration combines their strengths to deliver higher rewards and maximize yield potential for Bitcoin holders.
Moby is the No.1 options protocol on Arbitrum and a top-tier platform across all chains. With exceptionally tight spreads for seamless options trading, an advanced DeFi Option Vault(DOV) system, and recent expansion into Berachain, Moby offers enhanced yield strategies for users seeking efficient and consistent returns.
PumpBTC transforms Bitcoin from a passive store of value into a productive, yield-generating asset. By staking BTC, users receive $pumpBTC, a liquid staking token that unlocks access to DeFi protocols, delivers rewards, improves capital efficiency, and drives active ecosystem participation.
This partnership combines Moby’s advanced structured products, DOV, with PumpBTC’s robust staking infrastructure to maximize returns and expand DeFi opportunities across Arbitrum and Berachain, empowering BTC holders to maximize their assets’ potential and unlock new opportunities in decentralized finance.
With Moby’s Options Vaults, users can deposit BTC to earn stable rewards through PumpBTC, while options strategies provide an additional yield boost. Combined returns from both staking and trading are reinvested via automated processes, compounding user rewards over time. This strategy offers stable base income alongside the potential for double-digit annualized returns.
“We’re excited to partner with Moby in building institutional-grade DeFi products. Their technology and our market presence will create significant value across Arbitrum and Berachain,” said Jose, Chief of Meme at PumpBTC.
“The partnership with PumpBTC is an important step for Moby in bringing on-chain structured products to institutions and users on Arbitrum and Berachain,” stated Ben, CEO of Moby. “Looking ahead, Moby plans to expand partnerships with industry leaders like PumpBTC and strengthen collaboration in the LST/LRT and real-world assets (RWA) sectors using advanced DOV frameworks.”
About Moby
Moby is an on-chain options protocol to lead the next narrative for DeFi. Moby offers an optimized trading environment based on its pioneering SLE (Synchronized Liquidity Engine) and Dynamic Risk Premium model, which enables real-time accurate pricing, narrowest spread in the market, abundant liquidity, and Robinhood-class UI/UX.
Moby is set to provide new features such as capital efficiency improvement models and structured products to welcome institutions and the traditional TradFi audience.
About PumpBTC
PumpBTC transforms Bitcoin from a passive store of value into a productive, yield-generating asset. By staking BTC, users receive $pumpBTC, a liquid staking token that unlocks access to DeFi protocols, delivers rewards, improves capital efficiency, and drives active ecosystem participation.
Altcoins
Promax Digital announces the Digital Fish project – the world’s first tokenized fishery
The Chrysalis digital platform launches its latest project “FISH” with the world’s most exclusive Royal Whale NFT auction at the Royal Palace of Abu Dhabi – Monday, Dec 9th by invitation only.
The Chrysalis digital platform is excited to share its innovative solutions with the world, driving forward a shared mission of digital advancement. Launching with an exclusive, invite-only yacht event at the Royal Palace of Abu Dhabi, Chrysalis will auction a limited number of specially commissioned holographic artworks embedded with income-producing NFTs—marking the world’s first art pieces that deliver real-world value.
Promax Digital: a leader in the digital transition
The latest addition to the Promax United family of companies, Promax Digital, was established to spearhead the global digital transition through coordinated and unified initiatives. The company is proud to announce its newest digital project, “FISH”, designed to revolutionize fisheries infrastructure in Africa. This exciting development was announced by His Excellency Louai Mohamed Ali, group president of Promax United, alongside preferred partners.
The FISH project: addressing food security and sustainability
Building on seven previously successful tokenized digital projects and their associated revenue-generating initiatives, Promax Digital introduces “FISH”, the eighth project in the Chrysalis tokenized loyalty rewards series. This project focuses on the production of fish protein, a vital commodity, through sustainable fish farming- revolutionizing global global food security from West Africa.
Stakeholders in the FISH digital project benefit from loyalty rewards that generate real-world value every second of every day. Beyond financial benefits, FISH addresses critical issues of global food insecurity while promoting sustainable fish protein production. By reducing reliance on open-sea fishing, the project helps protect marine ecosystems and allows the planet to replenish its marine animal populations.
A vision for integrated investment opportunities
“The launch of the FISH digital fisheries project underscores our dedication to merging virtual asset ownership with traditional investment opportunities,” emphasized His Excellency Dr. Mohamed Hussein Al Ahdaly, group CEO of Promax United, the parent company of Promax Digital and the creative force behind the Earth Exchange platform.
Promax United LLC: a global innovator
Based in Abu Dhabi, UAE, Promax United LLC is a dynamic conglomerate led by His Royal Highness Sheikh Hamdan bin Mohammed Al Nahyan, with visionary leadership from His Excellency Louai Mohamed Ali, group president of Promax United. As a pioneer in business innovation, Promax Group delivers indispensable tools for success across diverse sectors, including:
- Banking and finance
- Capital management
- Renewable energy
- Infrastructure and manufacturing
- Healthcare
- Logistics and transportation
- Sustainability and environmental services
- Digital technology
- Security
- Real estate
- Media
- Humanitarian and community services
Through its forward-thinking initiatives, Promax United continues to redefine industries and drive sustainable, impactful solutions on a global scale.
For more information, please visit our digital platform at: https://chrysalisrwa.com/fish/
Blockchain
$500M of Global PayFi Transaction Scales with Credible and Plume
Plume Network is proud to partner with Credible Finance, a full-stack payment financing platform within the Plume ecosystem, as they gear up to process $500 million in payment transactions by December 2025. Leveraging Plume’s modular RWAfi L1 blockchain infrastructure, Credible is a full-stack PayFi protocol that combines stablecoins, debt tokenization, and advanced AI-driven credit scoring. They are backed by prominent investors such as Outlier Ventures, BitSwiss Capital, and Circle, Credible is at the forefront of transforming decentralized finance. As they continue to innovate and expand, Credible is also actively raising their seed round, further strengthening their foundation for global impact.
As a strategic partner, Plume is deeply integrated within Credible’s infrastructure. From empowering their native credit scoring mechanisms to supporting their validator oracle network and incorporating their yield-generating products across Nest and various Plume-based lending protocols, this partnership is a cornerstone of Plume’s commitment to decentralized finance innovation.
Credible’s full-stack platform is designed to address the complexities of payment financing with a comprehensive approach:
- DeFi for Collateral Management: Ensures full transparency in collateral handling, preventing issues similar to those seen with Celsius and BlockFi. This secures borrower assets while maintaining trust and accountability.
- Licensed Framework: Operates in compliance with payment, lending, and crypto regulations, tailored to fit the needs of borrowers and the jurisdictions they operate in.
- Fintech App: A seamless platform enabling fiat borrowing and repayment for end-users. Additionally, Credible provides an SDK for fintech developers to build custom solutions on top of their infrastructure.
- Oracle AI for Reputation Building: Aiming to transition from overcollateralized to undercollateralized and eventually no-collateral loans, Credible’s AI-powered Oracle integrates a credit scoring model akin to FICO. This system builds on-chain reputations for borrowers by assessing wallet activity across DeFi platforms.
Transforming PayFi with Decentralized Innovation
Credible Finance’s PayFi solutions span invoice payments, payroll, card top-ups, and BNPL offerings for retail and institutional users alike. These services, built on Plume’s robust blockchain foundation, are designed to deliver a seamless and secure transactional experience.
Credible Finance is building an advanced oracle stack designed to revolutionize on-chain credit scoring and reputation systems. This AI-powered oracle leverages a credit scoring model akin to FICO, aggregating wallet and transactional data across DeFi platforms, including those outside Credible Finance, to create transparent, unbiased credit assessments. With a long-term vision of transitioning from overcollateralized to undercollateralized and eventually no-collateral loans, this system enables borrowers to establish robust on-chain reputations. Governed by a coalition of partners like Credora, Brickken, DeFactor, and BitSwiss Capital, Credible’s oracle stack exemplifies innovation in secure, scalable DeFi infrastructure.
Supporting the Next Frontier of DeFi-Powered Financing
Plume is collaborating with Credible Finance to advance their long-term vision of decentralized, AI-driven credit solutions. By integrating Credible’s products across Nest, Plume is enabling smooth participation in yield-generating opportunities and enhancing accessibility to under-collateralized and no-collateral loans.
“Credible is setting a gold standard for what PayFi can achieve in the decentralized finance space,” said Chris Yin, CEO of Plume Network. “Their success is a testament to the robustness of Plume’s RWAfi infrastructure to drive transformative solutions that are global, scalable, and user-centric.”
A Shared Vision for Global Impact
Credible has facilitated $6 million in USDC loans over the past three months since its private launch, showcasing strong early adoption and operational efficiency. These transactions, executed on a live network, underscore Credible’s ability to deliver impactful and scalable financial solutions. Operating out of Abu Dhabi, Credible is actively expanding its presence in key markets, including Singapore, India, Brazil, and the Philippines, positioning itself for significant growth and success as it prepares for its mainnet launch.
Looking Ahead: A Future of Decentralized and Transparent Financial Services
Plume’s collaboration with Credible underscores its commitment to supporting innovative DeFi solutions that enable liquidity, efficiency, and trust at scale. With a target of $500 million in transactions by 2025, Credible is not only a testament to the transformative potential of PayFi but also a beacon of what’s possible when visionary platforms like Plume and Credible come together to reshape global financial systems.
About Credible
Credible Finance is a full-stack payment financing platform that offers invoice payments, payroll, card top-ups, and Buy Now Pay Later (BNPL) solutions. Serving both institutional and retail users, the platform provides businesses with access to liquidity without needing to liquidate their crypto holdings. With a focus on AI-driven credit scoring, stablecoin lending, and debt tokenization, Credible Finance is building a decentralized financial infrastructure that is secure, efficient, and fully compliant with global regulatory standards. For more information, visit www.credible.finance or follow https://x.com/crediblefin
About Plume
Plume is the first fully integrated L1 modular blockchain focused on RWAfi, offering a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. With 180+ projects on its private devnet, Plume provides an end-to-end tokenization engine and a network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFi integration for RWAs. Learn more at https://www.plumenetwork.xyz/
Business
Nano Labs Announces Strategic Partnership with HashKey Group to Drive Web3 Innovation
Nano Labs Ltd (“we,” the “Company” or “Nano Labs”), a leading fabless integrated circuit design company and product solution provider in China, today announced that the Company has entered into a strategic cooperate agreement (the “Agreement”) to explore in-depth cooperation in the Web3 space and blockchain ecosystem with HashKey Group (“HashKey”). This partnership marks a significant step in Nano Labs’s commitment to advancing the technical innovation and application in Web3 and blockchain ecosystem.
Pursuant to the Agreement, a subsidiary of Nano Labs will open a trading account on HashKey Exchange, a licensed virtual asset trading platform in Hong Kong under HashKey Group, and invest in virtual assets to diversify its portfolio in the digital currency sector. The collaboration extends beyond digital asset trading and is expected to include Web3 technology development and blockchain ecosystem construction, fostering innovation and growth in the Web3 industry.
Terence Pu, Managing Director of HashKey Exchange, stated: “We are delighted to establish this strategic partnership with Nano Labs. With its extensive experience in technology development and market expansion, Nano Labs brings a broad user base. This collaboration will not only provide enhanced virtual asset trading and investment opportunities for both parties’ users but also accelerate the development of the Web3 industry.”
Jack Kong, Chairman of Nano Labs, commented, “Against the backdrop of favorable market trends, regulatory support, and increasing institutional adoption, Bitcoin is playing an increasingly critical role in the digital asset ecosystem. Our collaboration with HashKey Exchange will help Nano Labs further expand its virtual asset business, seize opportunities in the digital asset sector, and create greater value for shareholders.”
About HashKey Exchange
HashKey Exchange is dedicated to setting new benchmarks for compliance, fund security, and platform safety in virtual asset trading. Operated by Hash Blockchain Limited (HashKey Exchange), it is one of the first licensed retail virtual asset trading platforms in Hong Kong. It has obtained approvals from the Hong Kong Securities and Futures Commission (SFC) under the Securities and Futures Ordinance for Type 1 (Dealing in Securities) and Type 7 (Providing Automated Trading Services) licenses, as well as a license to operate a virtual asset trading platform under the Anti-Money Laundering Ordinance.
As the flagship business of HashKey Group, HashKeyExchange provides one-stop virtual asset trading services for professional investors (PIs) and retail investors. The platform is ISO 27001 (Information Security) and ISO 27701 (Data Privacy) certified. For more details, visit HashKey Exchange and follow us on Twitter and LinkedIn.
About Nano Labs Ltd
Nano Labs Ltd is a leading fabless integrated circuit (“IC”) design company and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips, high performance computing (“HPC”) chips, distributed computing and storage solutions, smart network interface cards (“NICs”) vision computing chips and distributed rendering. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. Nano Lab’s Cuckoo series are one of the first near-memory HTC chips available in the market*. For more information, please visit the Company’s website at: https://ir.nano.cn/.
* According to an industry report prepared by Frost & Sullivan.
News
American Creek Resources Announces Shareholder Approval of Plan of Arrangement with Cunningham Mining and Receipt of Final Order
Cardston, Alberta–(Newsfile Corp. – December 2, 2024)
American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (the “Company” or “American Creek“) is pleased to announce that further to its press releases of September 6, 2024, October 2, 2024 and October 31, 2024, that the special resolution (“Special Resolution“) to authorize and approve the previously announced statutory plan of arrangement (the “Arrangement“) involving American Creek and Cunningham Mining Ltd. (the “Purchaser“) under Division 5 of Part 9 of the Business Corporations Act (British Columbia) (“BCBCA“), whereby, among other things, the Purchaser will acquire all of the issued and outstanding common shares of American Creek, was overwhelmingly approved at the annual general and special meeting of shareholders of the Company (the “Meeting“) held November 27, 2024.
At the Meeting, the Special Resolution authorizing and approving the Arrangement was approved by (i) 99.3% of the shareholders of the Company present in person or represented by proxy at the Meeting, and (ii) 99.28% of the minority shareholders of the Company (being those common shares of the Company beneficially owned or controlled by shareholders other than Darren Blaney, his related parties and joint actors, whose votes were required to be excluded from the minority vote in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions) present in person or represented by proxy at the Meeting. 292,984,192 shares, being approximate 65.24% of the issued and outstanding shares of American Creek, were represented at the Meeting.
At the Meeting, all other resolutions presented to the shareholders were also approved, including re-appointing Dale Matheson Carr-Hilton Labonte LLP as auditor of the Company, setting the number of directors at four, re-electing Darren Blaney, Rob Edwards, Dennis Edwards and Tobin Wood as directors of the Company, and approving the continued use of the Company’s stock option plan.
In addition, on November 29, 2024, the Company obtained the final order from the Supreme Court of British Columbia approving the Arrangement under Division 5 of Part 9 of the BCBCA.
Completion of the Arrangement remains subject to, among other things, satisfaction of all conditions precedent to closing the Arrangement. A closing date for this transaction will be determined once all conditions to the closing of the Arrangement are satisfied or waived.
About American Creek and the Treaty Creek Project
American Creek is a proud partner in the Treaty Creek Project, a joint venture with Tudor Gold Corp. located in BC’s prolific “Golden Triangle”.
American Creek holds a fully carried 20% interest in the Treaty Creek Project until a production notice is given, meaning that no exploration or development costs are incurred by American Creek until such time as a production notice has been issued. American Creek shareholders have a unique opportunity to avoid the dilutive effects of exploration while maintaining their full 20% exposure to one of the world’s most exciting mega deposits.
The Company also holds the Austruck-Bonanza gold property located near Kamloops, BC.
ON BEHALF OF AMERICAN CREEK RESOURCES LTD.
Darren Blaney, President & CEO
For further information please contact Kelvin Burton at:
Phone: (403) 752-4040 or Email: [email protected].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect American Creek’s current expectations regarding future events. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate” and other similar expressions. The forward-looking statements in this news release include statements with respect to the completion of the Arrangement and the timing therefore. The forward-looking statements in this news release are based on a number of key expectations and assumptions made by American Creek as of the date hereof, including that all conditions to the completion of the Arrangement will be satisfied or waived. Although the forward-looking statements contained in this news release are based on what American Creek’s management believes to be reasonable assumptions, American Creek cannot assure investors that actual results will be consistent with such statements.
The forward-looking statements in this news release are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including those identified in American Creek’s most recent Management’s Discussion and Analysis, which is available on SEDAR+ at www.sedarplus.ca and, in respect of the Arrangement, those factors set out under the heading “Risk Factors” in the Company’s management information circular dated October 23, 2024, which is available on SEDAR+ at www.sedarplus.ca. Readers, therefore, should not place undue reliance on any such forward-looking statements. These forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, American Creek assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
About Cunningham Mining Ltd:
Cunningham Mining has successfully completed the acquisition of the Placer Claims known as the ‘Nugget Trap Placer Mine” in the British Columbia Mineral Title registry, covering 573.7 acres, along with the accompanying permits and authorizations (“Property”). The Property is situated within the Skeena Mining Division of British Columbia, Canada, in the area known as BC’s Golden Triangle. The company intends to digitize its claims through the issuance of Digital Asset Tokens.
For more information about Cunningham Mining Ltd and its innovative approach to the mining sector, visit www.cunninghammining.com (https://www.cunninghammining.com).
Contact:
Cunningham Mining Ltd
10026 Pacific Centre 25th FL
Vancouver, BC, V7Y 1B3
Phone: 1-833-344-4653
Email: [email protected]
https://twitter.com/CunninghamCorp
For more details visit: https://www.cunninghammining.com/
https://nuggettrap.com/
For enquiry reach us at: [email protected]
Follow for the latest updates:
X (Twitter): https://x.com/Nuggettrapgold
Telegram: https://t.me/nuggettrapgold
Cunningham Mining:
Instagram: https://www.instagram.com/cunninghammining/
Linkedin: https://www.linkedin.com/company/cunningham-mining
X (Twitter): https://x.com/Cunninghamminin
Facebook: https://www.facebook.com/profile.php?id=61552528342234
Nugget Trap
Instagram: https://www.instagram.com/nuggettrapgold/
Linkedin: https://www.linkedin.com/company/nugget-trap
Facebook: https://www.facebook.com/profile.php?id=61552312260533
Youtube: https://www.youtube.com/@GoingforGoldNGT
Altcoins
Grincepe Unveils $GEPE: The Festive Meme Coin Merging Holiday Cheer with Crypto Innovation
Grincepe is excited to announce the launch of its unique meme coin, $GEPE, which combines the playful spirit of the holiday season with the dynamic world of cryptocurrency. Inspired by the mischievous fusion of Pepe the Frog and the Grinch, $GEPE aims to infuse festive cheer into the crypto community.
About Grincepe
Grincepe is a meme-based cryptocurrency built on the Ethereum blockchain. It draws inspiration from the iconic characters Pepe and the Grinch to create a festive and engaging experience for its users. The project is designed to foster a community of crypto enthusiasts who appreciate humor and the holiday spirit, all while exploring innovative decentralized finance (DeFi) opportunities.
Community Engagement
At the heart of Grincepe’s mission is a commitment to building a vibrant and interactive community. By encouraging activities such as meme creation, discussions, and collaborative events, Grincepe aims to create a space where users can connect and share in the festive spirit. This approach is intended to enhance user experiences and cultivate a sense of belonging among $GEPE holders.
Innovative Features
Grincepe offers several features designed to provide value and entertainment to its community:
- Automatic Staking: Purchasing $GEPE tokens automatically stakes them, allowing holders to earn rewards effortlessly.
- Grincepe DEX: A decentralized exchange platform that enables seamless token swapping and trading within the Grincepe ecosystem.
- NFT Card Game: An interactive game where users can collect, trade, and battle with Grincepe-themed NFT cards, each possessing unique attributes.
Presale and Tokenomics
The $GEPE presale offers early contributors the opportunity to acquire tokens at a favorable rate. The tokenomics are structured to support growth and sustainability:
- Total Supply: 12 billion $GEPE tokens.
- Distribution: 45% allocated to early contributors, 25% for marketing and milestones, 20% for Uniswap liquidity pool, and 15% reserved for future developments.
- Burn Mechanism: 10% of tokens are burnt to enhance scarcity and value.
Looking Ahead
As Grincepe embarks on its journey, the team remains dedicated to transparency, innovation, and creating a positive environment for its community. While the cryptocurrency market is inherently volatile, Grincepe’s primary focus is to provide an engaging and enjoyable platform where users can explore the lighter side of crypto during the holiday season and beyond.
News
The first AI Metaverse with Synthetic Derivative RWAs. Powered by AI Agents, HyperGen and Axelar Network
MIRAI, an innovative AI-powered metaverse platform, is revolutionizing how virtual worlds are conceptualized, built, and monetized. By leveraging advanced technologies, MIRAI aims to democratize metaverse creation and unlock untapped economic opportunities, paving the way for a new era in digital innovation.
Core Features of MIRAI
AI-Powered World-Building
MIRAI eliminates the complexity of coding, making immersive virtual world creation accessible to all. Whether you’re an experienced developer or a novice enthusiast, MIRAI empowers users to design and build captivating metaverse environments with ease.
HyperGen™ Technology
At the forefront of MIRAI’s innovation lies HyperGen™, a proprietary Image and Text to 3D Model technology. By fusing cutting-edge machine learning and processing algorithms, HyperGen™ transforms user inputs into dynamic 3D models, seamlessly merging imagination with reality.
Dynamic AI Interactions
MIRAI is building the Agentic Gaming Metaverse, which features AI Agents and NPCs that deliver unprecedented interactivity. These intelligent, autonomous entities provide lifelike responses, enhancing the depth and engagement of virtual experiences.
Synthetic Derivative RWAs
MIRAI empowers users to scan and integrate real-world assets (RWAs) as synthetic derivatives within the metaverse. These digital representations can be monetized, traded, and utilized in creative ways, unlocking endless possibilities for commerce and innovation.
Shaping the Future of Virtual Worlds
MIRAI envisions a future where real-world assets and virtual environments coexist in harmony. By fostering creativity and economic potential, the platform enables users to imagine, build, and monetize in ways previously unimaginable.
Whether you are a developer, a creative visionary, or a business innovator, MIRAI opens the gateway to an expansive digital frontier.
Explore MIRAI Today
Take the first step toward building your own metaverse by visiting MIRAI’s website. Discover the transformative technologies redefining what’s possible in virtual worlds.
About MIRAI
MIRAI is a next-generation AI-driven metaverse platform designed to empower creators, developers, and businesses. With groundbreaking features like HyperGen™ Technology, AI-powered tools, and synthetic derivative capabilities, MIRAI is shaping the future of digital interaction and commerce.
Blockchain
Matchain reaches 100 million transactions in record time
Matchain, the pioneering AI blockchain built on BNB Chain, has achieved a remarkable milestone of 100 million+ transactions just three months after its mainnet launch, demonstrating unprecedented growth in blockchain adoption and utility.
Record-breaking growth
This achievement showcases Matchain’s powerful infrastructure and growing ecosystem:
- 16 million+ Total Unique Active Wallets (UAW)
- Ranked among Top 5 blockchains on DappRadar by UAW
- Partnerships with 60+ innovative projects
- 12 million+ Telegram community members
Driving mass adoption through strategic partnerships
Matchain’s growth has been driven by key partnerships across multiple sectors. These partnerships show how the platform brings Web3 technology to new users through real-world applications.
Paris Saint-Germain (PSG)
Matchain’s partnership with PSG as their Exclusive Digital Identity Partner connects Web3 technology with over 150 million football fans worldwide. The establishment of a Joint Innovation Studio is developing innovative Web3 experiences that transform how fans interact with their favorite team.
The partnership provides fans with unprecedented control over their digital interactions while giving Matchain prominent exposure through stadium advertising, exclusive content creation opportunities, and access to PSG’s influential social media presence.
Dmail Network
The integration with Dmail showcases Matchain’s ability to drive adoption. By establishing itself as Dmail’s third-largest chain and driving approximately 20% of their overall traffic, Matchain has outperformed established industry leaders including Base, Solana, Ethereum, and Arbitrum.
This success demonstrates how Matchain can significantly boost adoption rates for decentralized applications while providing user-friendly experiences.
Gaming sector
Gaming partnerships highlight Matchain’s capability to handle high-volume transactions at scale. Leading projects like LOL have achieved remarkable success on the platform, drawing over 2 million active users and processing over 24 million transactions in just 30 days.
This performance has earned LOL the #1 rank by UAW for blockchain games on DappRadar, proving that Matchain’s infrastructure can support intensive gaming applications while maintaining optimal performance and user engagement.
Recognition by BNB Chain
Further validating Matchain’s innovative approach, BNB Chain has selected Matchain for its prestigious Most Valuable Builder (MVB) Program Season 8. The program, backed by BNB Chain Innovation, Binance Labs, and CoinMarketCap Labs, provides comprehensive support to accelerate Matchain’s development of AI-powered identity solutions. This strategic backing will enhance Matchain’s platform capabilities while supporting its rapid ecosystem expansion.
Looking Forward
Matchain is aggressively expanding its ecosystem in 2025 through several key initiatives:
- Launching enhanced developer tools and SDKs to accelerate project integration
- Extending reach across additional sectors through new strategic partnerships
- Transforming user interaction through innovative AI-powered features
- Enabling seamless transactions with expanded cross-chain capabilities
- And many more exciting initiatives!
About Matchain
Matchain is a blockchain platform that offers advanced AI-driven decentralized identity solutions. It ensures privacy, security, and control over personal data, allowing users to own and monetize their digital information within a secure ecosystem.
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