Blockchain Press Releases
Huawei-IUCN Tech4Nature Initiative Announced New Phase of Coral Reef Protection Project
Digital Technology Helps Mauritius to Become a Global Pioneer in the Field of Coral Reef Conservation, Research, and Education
FLACQ, Mauritius, June 24, 2023 /PRNewswire/ — Huawei Mauritius, International Union for Conservation of Nature (IUCN), and EcoMode Society today announced a new phase of the Tech4Nature Mauritius project to study species’ reproductive success in a restored area of reef in Mauritius.
The new phase directly follows a key project milestone achieved in June in which the partners, supported by the local community, successfully transplanted 25,000 coral fragments cultivated in coral nurseries to a degraded area of the reef ecosystem in Pointe-aux-Feuilles, a 20-km2 site off the east coast of Mauritius. This project is one of the first its type in the Western Indian Ocean.
“I commend the achievement of the Tech4Nature initiative. Our objective is that by 2030, we can work together for a healthy ocean that supports nature and people,” said the Honorable Sudheer Maudhoo, Minister of Blue Economy, Marine Resources, Fisheries and Shipping for Mauritius. “With the support of the Tech4Nature initiative, Huawei, and its partners, we look forward to continued action to restore ocean and coastal biodiversity for future generations.”
To monitor the mobility of species at the coral reef restoration site and determine the factors that disturb reproductive success, a solution comprising cameras and GPS receivers, 4G, and cloud has been deployed. The second phase of the project will use AI-based data analysis to guide the conservation decisions, support the research of marine biologists, and educate the public on the importance of reef conservation and restoration.
“The project will help us to have more information to manage and regulate public use,” said Nadeem Nazurally, President of the EcoMode Society. “It will also bring biodiversity conservation closer to the general public, as videos and other dissemination materials are planned through the mobile app. In collaboration with IUCN and Huawei, the project allows us to make a qualitative leap by incorporating new technologies to the monitoring and conservation of species.”
The 243-km2 lagoon created by the 150-km reef system of fringing coral is home to a rich array of aquatic life, including 61 species of macroalgae, 110 species of corals, 132 species of fish, and many endemic species. However, the reef system faces many threats, including overfishing, pollution, and changing seawater composition due to the removal of mangroves and seagrass. Climate change has caused a rise in sea levels, more extreme storms, and increased sea temperatures. Restoration efforts for coral reefs can boost resilience against climate change by protecting coastal regions against erosion and mitigate rising sea levels.
As a Small Island Developing State (SIDS), Mauritius relies heavily on its coral reef resources, especially its fisheries and tourism industries – tourism accounts for about 8% of the island nation’s GDP and 10% of its employment. Coral aquaculture to repair degraded reef has gained traction in Mauritius, with microfragmentation serving as a relatively new technique where small coral fragments are mounted in off-site nurseries using concrete blocks, galvanized structures, and natural basaltic rocks to support coral growth.
Early monitoring at the restoration site has shown an increase in local biodiversity, and an additional 1,890 coral fragments are currently being propagated in the coral nursery to expand the restoration area. With the site’s designation as a Voluntary Marine Conservation Area (VMCA), the momentum for revitalizing biodiversity in the reef ecosystem using the power of technology and partnerships is accelerating.
“Collaboration between public institutions and the private sector is increasingly necessary to determine success in the face of complex environmental challenges,” said James Hardcastle, Head of Protected and Conserved Areas Team for IUCN. “We have the opportunity to take advantage of technological innovations and incorporate them into conservation measures for our ecosystems. This project exemplifies how cooperation and mainstreaming are the way forward to halt biodiversity loss.”
“This project is the first of its kind that we are investing in Mauritius, after dozens of successful experiences of developing solutions to protect different species and natural spaces in countries around the world using advanced technologies such as cloud, AI, and connectivity,” said Zheng Kui, CEO of Huawei Mauritius. “The role of the technology industry in meeting this challenge is key, but only through collaboration with strategic and committed partners can the objectives be achieved in a real way.”
It is hoped that this project can be replicated in other areas of Mauritius and balance the needs of tourism and conservation. And with up to 50% of the world’s coral reef already destroyed or degraded, the project’s success to date demonstrates the value of further large-scale global reef restoration supported by digital technology.
About Huawei TECH4ALL
TECH4ALL is Huawei’s long-term digital inclusion initiative that aims to leave no one behind in the digital world. It focuses on four domains: enabling equity and quality of education, conserving nature with technology, enabling inclusive healthcare, and development.
For more information, please visit the website at https://www.huawei.com/en/tech4all
Follow us on Twitter at
https://twitter.com/HUAWEI_TECH4ALL
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Blockchain Press Releases
Purchasers of Quantstamp QSP Tokens May Be Eligible for Payment from the Quantstamp Fair Fund
COSTA MESA, Calif., Jan. 22, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., the SEC-appointed Fund Administrator.
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
In the Matter of Quantstamp, Inc.
Administrative Proceeding File No. 3-21535
This Notice is Pursuant to a Distribution Plan approved by the United States Securities and
Exchange Commission in the captioned matter.
If you purchased or acquired Quantstamp QSP tokens from October 1, 2017, through July 20, 2023, inclusive, you may be eligible for a distribution from the Fair Fund created in the Securities and Exchange Commission (“SEC”) administrative proceeding captioned above (the “Fair Fund”).
The Fair Fund is being distributed pursuant to a Distribution Plan (the “Plan”) approved by the SEC. The Plan provides for the distribution of the Fair Fund to compensate investors based on their losses, due to the misconduct of Quantstamp, Inc. described in the SEC’s administrative proceeding, on the purchase of QSP tokens from October 1, 2017 through July 20, 2023. You can view and download a copy of the SEC’s order and the Plan on the Important Documents tab on the website for this matter: www.QuantstampFairFund.com/documents.
To be considered for eligibility for a Distribution Payment from the Fair Fund, you must timely submit a completed Claim Form online or via mail. Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time (“EST”) on April 10, 2025. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, received) by April 10, 2025.
You may complete the Claim Form online here: www.QuantstampFairFund.com/form/claim. Alternatively, you may download a paper copy from of the Claim Form on the Important Documents page www.QuantstampFairFund.com/documents, or request a copy of the paper Claim Form from the Fund Administrator via email at [email protected] or by calling 833-215-6101, for submission by mail to the address set forth on the Claim Form.
ADDITIONAL INFORMATION
Additional information regarding the Fair Fund, including copies of the Plan, the Plan Notice, the Claim Form, and other relevant documents may be found at www.QuantstampFairFund.com. You may request copies or seek additional information by contacting the Fund Administrator.
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Email: |
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833-215-6101 |
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Write: |
Quantstamp Fair Fund |
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Fund Administrator |
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P.O. Box 25381 |
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Santa Ana, CA 92799 |
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View original content:https://www.prnewswire.co.uk/news-releases/purchasers-of-quantstamp-qsp-tokens-may-be-eligible-for-payment-from-the-quantstamp-fair-fund-302357433.html
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain Press Releases
HTX Ventures: RWAFi and Stablecoin Payments Set to Dominate the Evolving DeFi Landscape
SINGAPORE, Jan. 22, 2025 /PRNewswire/ — The DeFi landscape has undergone a dramatic transformation since the “DeFi Summer” of 2020. With Donald Trump assuming office as the President of the United States, a new era of growth for DeFi is emerging, characterized by deeper integration with traditional finance.
HTX Ventures, the global investment division of HTX, has released a forward-looking report titled “A New Era for DeFi with Crypto Compliance and New Opportunities in RWA-Fi and Stablecoin Payments.“ This report analyzes the evolving environment of crypto trading in 2025, focusing on the significant opportunities and challenges RWAFi and stablecoin payments are facing.
Changes in the Crypto Trading Environment Favor Stablecoins and RWAs Prospects
The gradual easing of crypto regulatory policies is facilitating greater institutional investor participation within the crypto ecosystem. This shift has seen stablecoins and RWAs (Real-World Assets) emerge as crucial bridges connecting the traditional finance and decentralized finance worlds.
Data shows a remarkable surge in stablecoins usage in blockchain transactions, which has risen from 3% in 2020 to over 50% by the end of 2024. The core value proposition of stablecoins lies in their ability to facilitate seamless cross-border payments, making them strategically important in international trade.
The report underscores the immense potential of stablecoins, stating, “At present, the global cross-border B2B payments market processed through traditional channels is valued at approximately $40 trillion, while the consumer remittance market generates hundreds of billions of dollars in annual revenue. Stablecoins offer a new alternative for efficient cross-border payments via crypto channels. As the adoption gains momentum, stablecoins are set to penetrate and disrupt this market segment, becoming a key player in the global payments landscape.”
Furthermore, the U.S. House Financial Services Committee is actively preparing to introduce a stablecoin bill, which has the potential to be the first comprehensive crypto legislation passed by Congress. This legislation could drive widespread adoption of crypto wallets, stablecoins, and blockchain-based payment channels among traditional banks, enterprises, and individuals. Notably, several prominent traditional financial giants, including PayPal and Stripe, have already initiated active exploration within the stablecoin sector.
The RWA market saw positive growth during the recent bear market cycle, primarily driven by its stable returns. Unlike cryptocurrencies, the value of RWAs remains largely unaffected by the inherent volatility of the crypto market, a crucial characteristic for building a robust DeFi ecosystem. Industry leaders like Binance project that the RWA market could expand to $16 trillion by 2030. This immense market potential has driven companies like BlackRock and Tether to explore tokenized assets, leading to the emergence of compliance tools for RWA token issuance, such as Securitize.
Opportunities and Challenges for DeFi Projects
As stablecoins and RWAFi emerge as the cornerstones of the evolving DeFi landscape, project teams are tasked with developing innovative products tailored to the new environment and demands. While challenges are inevitable, these transformative shifts also unlock numerous opportunities.
In terms of realizing the vision of yield-generating stablecoins, the report identifies two prevailing market trends:
- Treasury-backed Stablecoins:
This approach involves utilizing the U.S. Treasury bonds as the underlying assets for stablecoins, effectively introducing traditional financial assets onto the blockchain through tokenization. This methodology preserves the stability and low-risk nature of Treasury bonds while seamlessly integrating the high liquidity and composability inherent to DeFi. Examples include USDY by Ondo Finance and a range of Treasury-backed Vault products from OpenTrade.
- Volatility-driven Yield:
The alternative approach leverages crypto market volatility and MEV to generate low-risk returns. Ethena, along with its native stablecoin USDe, serve as a prime example of this strategy.
Seamlessly integrating DeFi applications with RWAs presents another critical challenge for project teams. On one hand, the inherent stability of RWAs can effectively mitigate risk in DeFi applications. Collateralized Debt Position (CDP) stablecoins, such as Curve’s crvUSD, are increasingly incorporating RWAs as collateral to enhance their stability. On the other hand, the flexibility of DeFi can significantly boost the utilization rate of tokenized RWAs. Pendle’s newly introduced RWA section, boasting a current TVL of $150 million, exemplifies this synergy. Leveraging the composability of DeFi Lego, Pendle’s diverse yield-generating assets can offer highly attractive APYs, incentivizing users to invest in RWA stablecoins.
Emerging DeFi projects still possess significant untapped potential within niche sectors, such as addressing defaults scenarios within the private credit market within RWA domain and effectively leveraging RWA public chains to empower institutional finance. Looking ahead, the report suggests that on-chain forex, cross-border payment stacks, and multi-pool stablecoin aggregation platforms are among the promising development directions in the “New DeFi” era.
About HTX Ventures
HTX Ventures is the global investment arm of HTX, integrating investment, incubation, and research to identify and discover the best and most innovative projects in the market. Visit us here.
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View original content:https://www.prnewswire.co.uk/news-releases/htx-ventures-rwafi-and-stablecoin-payments-set-to-dominate-the-evolving-defi-landscape-302357287.html
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