Blockchain Press Releases
The Fintech Fueling Europe’s Digital Currency Revolution: Perfinal’s Role in Europe’s first Live CBDC Project
BUDAPEST, Hungary, Aug. 18, 2023 /PRNewswire/ — Europe has recently witnessed the launch of its first live Central Bank Digital Currency (CBDC) project launched by The Central Bank of Hungary, with Perfinal taking center stage as the fintech backbone of this monumental transition. This remarkable initiative places Perfinal at the forefront of a digital currency revolution, as the financial world grapples with blending traditional mechanisms with new-age digital innovations.
At the helm of Perfinal’s involvement is Mate Brezovszki, a seasoned finance expert whose career is a mosaic of top-tier achievements. From institutional banking at renowned international banks in London to pioneering decentralized finance solutions, Mate’s journey reflects a rare blend of traditional finance acumen and a foresight into the future of digital currencies. His instrumental role in ushering crypto into the regulated arena highlights his vision for the future of finance.
Mate Brezovszki articulates the current financial zeitgeist, saying, “We are living in the era of a monetary metamorphosis. The number of money-like asset issuers is evolving and expanding. One shared priority emerges amidst this evolution: the safe and transparent management of client holdings. Where this transparency and safety don’t exist, they must be addressed.”
Perfinal has ingeniously engineered its technology keeping these pivotal principles in mind. By embracing the latest regulatory standards while preserving adaptability, Perfinal ensures its tech is versatile enough to cater to diverse financial use-cases. This duality in design and vision is precisely what impressed the Central Bank of Hungary to commission Perfinal for the CBDC project.
Anikó Szombati, Chief Digital Officer (CDO) at the Central Bank of Hungary, expressed the institution’s transformative approach, asserting, “… a central bank not only has to cooperate with FinTechs, but also, feel and act like FinTechs, exploring and serving client needs with the help of agility and technology. Perfinal’s role in this achievement was vital, and we are looking forward to future collaborations.”
As the financial landscape evolves at breakneck speed, Perfinal firmly positions itself at the vanguard, aligning with institutions eager to pioneer the next wave of financial innovations. The future promises more convergences of traditional and digital finance, and Perfinal stands ready to lead this exciting confluence.
Logo – https://mma.prnewswire.com/media/2187268/Perfinal_logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/the-fintech-fueling-europes-digital-currency-revolution-perfinals-role-in-europes-first-live-cbdc-project-301902441.html
A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
The post Binance warns of crypto market risks from overvaluation, centralization appeared first on HIPTHER Alerts.
The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch the Blockchain Zone initiative, aimed at combating “patent trolls” in the crypto industry. Patent trolls, or non-practicing entities (NPEs), are known for exploiting patent rights through litigation rather than developing new technologies. COPA and Unified Patents aim to prevent such entities from hindering blockchain innovation by making costly and baseless patent assertions.
The initiative is designed to safeguard blockchain and related technologies from these unwarranted patent claims, fostering an environment where developers and companies can innovate freely without fear of legal threats. Key figures in the partnership, such as Paul Grewal from Coinbase and Steve Lee from Spiral, emphasize that patent trolls create significant barriers to technological progress, especially in the fast-evolving crypto space.
By aligning with over 300 companies through Unified Patents, COPA’s effort strengthens its mission to protect the blockchain community and the broader crypto-economy from the disruptive impact of NPEs, ensuring that blockchain innovation remains open and accessible.
Source: news.bitcoin.com
The post COPA, Unified Patents Partner to Fight Crypto Patent Trolls appeared first on HIPTHER Alerts.
-
Blockchain Press Releases6 days agoWSPN and Conflux Forge Strategic Partnership for a Brighter Path in Digital Finance
-
Blockchain6 days ago
Balancing AI Hype and Hope: Industry Leaders Unveil Growth Playbook at AI Apex Asia Capital Connect Forum
-
Blockchain6 days agoFintech Software Business Research Report 2024-2030: Opportunities in Emerging Markets, Expansion of Open Banking and API Integration
-
Blockchain Press Releases6 days agoPre-registration Open for Physical Bybit Card in Argentina
-
Blockchain Press Releases3 days ago
Matrixport Expands Footprint in Europe with Acquisition of Swiss-based Crypto Finance Asset Management
-
Blockchain6 days agoKCEX Expands Global Crypto Trading Platform with New Reward Center and Daily Futures Trading Competitions
-
Blockchain Press Releases3 days ago
Cyrus Watches and Patoro Partner with MetaMinds for Immersive Augmented Reality Experience at Luxury Innovation Summit
-
Blockchain Press Releases6 days agoCrypto Derivatives Market Rebounds Amid Positive Sentiment, Bybit x Block Scholes Report Finds
