Blockchain Press Releases
Polytag: Consumers to receive money to recycle milk bottles in world-first initiative
LONDON, July 14, 2023 /PRNewswire/ — Consumers in the UK will be rewarded 20p [approx. 0.23€] for recycling milk bottles as part of a world-first recycling initiative.
UK-based recycling technology innovators Polytag and Sweden-based recycling app Bower have teamed up with the world’s largest online supermarket Ocado Retail, to give consumers a financial reward for recycling milk bottles.
From 14 July, Ocado Retail’s customers will be able to scan a QR code on Ocado Own-Brand two and four-pint plastic milk bottles to receive a reward for putting their packaging in a recycling bin.
In total, more than 8 million of Ocado’s milk bottles will feature Polytag’s unique-every-time QR codes on their labels. The first 20,000 codes scanned will see customers receive 20p in their digital wallet through the Bower app, which can be withdrawn to their bank account. All barcodes scanned afterwards will be offered other perks including cash, coupons and charity donations – via the Bower app.
Consumers can claim their reward by downloading the Bower app, setting up their account and adding their regular recycling bins and bank account. Once they have scanned the QR code on the milk bottle through the app and disposed of the packaging in their registered recycling bin, they can withdraw the money to their bank account.
Designed to replicate the deposit consumers will be able to redeem when a Deposit Return Scheme (DRS) – covering England, Scotland, Wales and Northern Ireland – is introduced in 2025, this initiative will demonstrate the viability and convenience of a Digital Deposit Return Scheme (DDRS) in the UK.
Enabling consumers to receive a cash incentive for recycling using their smartphones rather than returning the bottles to reverse vending machines, a DDRS makes use of existing kerbside recycling systems to deliver maximum convenience.
Alice Rackley, CEO, Polytag, commented: “Our unique-every-time QR code technology has the potential to transform recycling in Europe; by enabling brands and legislators to offer appealing financial rewards, that can be easily received, and by demonstrating the viability of a DDRS, for which there is growing support across Europe.”
Suwar Mert, CEO and Founder, Bower, added: “For the first time, we now have a solution and possibility to test a digital deposit return scheme. The collaboration will transform recycling habits by rewarding recycling behaviour in the UK but holds the potential for further international expansion.”
View original content:https://www.prnewswire.co.uk/news-releases/polytag-consumers-to-receive-money-to-recycle-milk-bottles-in-world-first-initiative-301877199.html
A New York judge will soon address complex regulatory issues in the case involving Richard Heart, founder of the crypto token Hex. The SEC has accused Heart of selling unregistered securities and misusing investor funds to purchase luxury items, such as a $1.38 million Rolex and a 555-carat black diamond called “The Enigma.” Heart, based in Finland, is seeking dismissal of the SEC’s case, arguing that the SEC has overreached in its attempt to regulate global blockchain technology.
The case highlights the challenges of enforcing US securities laws on decentralized finance (DeFi) platforms and borderless crypto transactions. Heart and his supporters argue that technological innovations like Hex and the PulseChain blockchain cannot be defendants in such cases. This dispute underscores the evolving nature of blockchain technology and the difficulty regulators face in applying traditional legal concepts to these new digital assets.
The SEC has broadened its scrutiny of DeFi, with investigations and enforcement actions against various firms. However, the SEC’s approach of naming software and blockchain protocols as defendants raises concerns about developer liability and potential overreach. The outcome of this case could set significant precedents for how the US regulates the crypto industry.
Legal experts note that the SEC’s strategy might lead to developers being held accountable for the software they create, which could discourage innovation in the blockchain space. The case also raises jurisdictional questions, as Heart argues that US courts should not have authority over his actions, given his lack of direct ties to the US.
The resolution of this case could have broad implications for the regulation of decentralized and international crypto projects, as it tests the SEC’s ability to police a rapidly evolving and inherently global technology.
Source: news.bloomberglaw.com
The post Crypto Case Tests SEC’s Ability to Police Blockchain Technology appeared first on HIPTHER Alerts.
Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.
Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.
Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.
Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.
Source: blockchain.news
The post Binance Announces Adjustment of Tick Size for Spot Trading Pairs appeared first on HIPTHER Alerts.
According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.
In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.
OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.
For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.
Source: blockchain.news
The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.
-
Blockchain Press Releases2 days agoSwaps Launches Innovative Payment Links for Crypto and Fiat Transactions
-
Blockchain7 days agoBHE Exchange: Redefining the Future of Digital Asset Trading
-
Blockchain Press Releases7 days ago
Venom and KuCoin Ventures forge strategic partnership
-
Blockchain4 days agoRevoluGROUP Canada Inc. Announces Leave of Absence for Chairman Bernard Lonis
-
Blockchain Press Releases3 days agoKuCoin Research Report Reveals: $1 Billion in Financing and Rising Stablecoin Issuance Amid Market Fluctuations
-
Blockchain Press Releases2 days agoOKX, Circle, and Bitrue Among Sponsors of Consensus 2024
-
Blockchain Press Releases2 days ago
Bybit’s Ethereum Euphoria: Predict Market Movements for the ETH ETF and Win
-
Blockchain3 days agoOrdinalsBot Behind 80% of the Largest Files Inscribed on Bitcoin Blockchain; Announces Revenue, Growth and Partnerships
