BEIJING, Aug. 19, 2023 /PRNewswire/ — A report from People’s Daily: The 15th BRICS Summit to be held in Johannesburg is destined to be a grand and dynamic event.
Naledi Pandor, South Africa’s minister of international relations and cooperation, recently said that 67 leaders from African countries and the Global South have been invited to attend the BRICS-Africa Outreach and BRICS Plus Dialogue, and about 20 dignitaries from the African Union Commission, the United Nations and regional economic blocs have been invited for a meeting to be held before the summit.
South Africa actively supports the “recruitment of new members.” “We have had formal expressions of interest from the leaders of 23 countries in joining BRICS, and many more informal approaches about the possibilities of BRICS membership,” she added.
Over the past 17 years since the BRICS mechanism was established, BRICS countries have upheld the BRICS spirit of openness, inclusiveness and win-win cooperation, constantly expanded areas of cooperation, enriched the connotation of cooperation and achieved fruitful results.
The success of the BRICS cooperation has boosted the confidence of developing countries that hope to accelerate development while maintaining independence, and has won high recognition and trust from these countries.
A large number of emerging market countries and developing countries have shown strong willingness to further strengthen cooperation with BRICS countries.
During the 2017 BRICS summit in China’s Xiamen, China for the first time proposed the “BRICS Plus” cooperation model, building an important platform of solidarity and cooperation for emerging market countries and developing countries. It was hailed as an important innovation to expand BRICS countries’ global influence.
In 2022, at the 14th BRICS summit, the leaders of the five BRICS countries agreed to explore “BRICS Plus” cooperation at more levels, in more areas and in a wider scope, to promote the membership expansion process. It has received wide attention and active response from multiple parties.
The comprehensive and pragmatic cooperation of the BRICS is what makes the mechanism tremendously appealing. The BRICS cooperation has formed an all-dimensional mechanism led by leaders’ meeting and involving meetings of foreign ministers and senior representatives for security issues. It has forged a cooperation architecture with its three main drivers, namely, economic cooperation, political and security cooperation, and people-to-people exchanges.
BRICS countries are an important emerging force in the global economy. Statistics released by UK-based economic research institute Acorn Macro Consulting in March this year showed that BRICS countries accounted for a larger share of the global economy than the G7 in 2022 based on purchasing power parity.
The International Monetary Fund (IMF) predicted that in the next five years, BRICS countries will contribute close to 40 percent of global economic growth.
In recent years, BRICS countries have steadily strengthened pragmatic cooperation in areas including poverty alleviation, food security, COVID-19 fight and vaccination, development financing, climate change and green development, industrialization, digital economy and connectivity, injecting momentum into global economic recovery.
BRICS countries follow true multilateralism and make decisions based on equal footing and consensus-building. In a range of global multilateral mechanisms including the UN, G20, WTO, IMF and World Bank, BRICS countries have steadily enhanced policy communication and coordination, promoting the reform of the current international system in a constructive manner.
It can be said that the influence of BRICS cooperation has gone beyond the five countries and the cooperation mechanism has become a constructive force for boosting world economic growth, improving global governance and promoting democracy in international relations.
It’s not surprising that such a cooperation mechanism gains extensive recognition and support from the international community, and there will be more and more like-minded partners willing to join this promising mechanism.
In June this year, an article published on the website of Spanish newspaper Rebelion stated that BRICS countries share a common vision of fairer international trade and multilateral cooperation, which aims at safeguarding shared interests. They will promote a more just world order that brings stability to global production, the article added.
Against the backdrop of rising unilateralism, protectionism and exclusionism, BRICS countries keep away from exclusive “small circles” and are committed to building an inclusive “big family.” This has become a model for emerging market and developing countries to carry out South-South cooperation, building an extensive platform for emerging economies to participate in South-South cooperation.
Currently, the collective rise of emerging economies has become a trend of the times, and “BRICS Plus” is an important manifestation of this trend.
“BRICS Plus” cooperation always focuses on development and promotes the implementation of the UN 2030 Agenda for Sustainable Development, so as to advance global development. It can unite developing countries and explore new space for the development of the BRICS mechanism.
Feng Xingke, secretary-general of the World Financial Forum, said the BRICS resolutely upholds globalization and cooperation, and serves as a cooperation mechanism themed with development.
In recent years, the COVID-19 pandemic and other factors have made development the top priority for developing countries. This is why the BRICS cooperation mechanism is attractive to these countries, Feng said.
It is believed that the expanding “circle of friends” of the BRICS mechanism will further increase the representation and influence of BRICS countries. As more emerging market countries and developing countries deeply integrate into BRICS cooperation, it will demonstrate greater appeal with even more substantial cooperation results, and become a dynamic force making constructive changes to the global governance system.
Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications
NEW YORK, Sept. 29, 2023 /PRNewswire/ — Today, Webb announced the launch of its much-anticipated Tangle Network Testnet, setting the stage for a new era of private and decentralized applications.
Led by founder Drew Stone, Webb is the premier cross-chain zero-knowledge messaging layer, committed to revolutionizing blockchain privacy. Backed by industry giants like Polychain, Lemniscap, and Commonwealth Labs, Webb introduces a suite of tools aimed at advancing zero-knowledge (ZK) and multi-party computation (MPC) applications across multiple blockchains.
The Challenge and Our Solution
Blockchain networks today face significant hurdles: limited interoperability, scaling difficulties, centralized control, and privacy concerns. Webb’s Tangle Network, built on the powerful Substrate framework, is designed to tackle these challenges by offering a next-generation blockchain platform.
Why Tangle Network?
Our vision is to make it easier for developers to create secure, private zero-knowledge (ZK) and multi-party computation (MPC)-based decentralized applications. Tangle Network simplifies:
- Proof Generation: Delegate computational tasks to our validators.
- Trusted Setups: Tangle Network manages complex ceremonies for you.
- Secure Signing: Utilize our threshold signing for cross-chain operations.
By removing these barriers, we massively improve the time to launch for ZK and MPC-based decentralized applications.
- Unparalleled speed, security, and scalability via Substrate.
- Decentralized control through Distributed Key Generation (DKG).
- Advanced protocols for zero-knowledge applications.
- Cross-chain compatibility with IBC and XCM.
- Easy migration of existing apps through Ethereum Virtual Machine (EVM) support.
- Smooth, forkless upgrades.
The Testnet launch kicks off with an in-depth whitepaper, followed by a series of engagement events during the testnet phase. Our mainnet is scheduled for a Q1/Q2 2024 launch, featuring hackathons, workshops, and a targeted grant program to accelerate the adoption of privacy-focused applications.
Testnet Quick Links
- Developers: Start building on Tangle today. Learn More
- Validators and Relayers: Help secure and maintain the network. Learn More
- Join the Community: Follow us on Twitter or join our Discord.
For media inquiries, partnerships, or more information, email us at [email protected]
ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets
SINGAPORE, Sept. 29, 2023 /PRNewswire/ — ChainUp, a Singapore-based trailblazer and global leader in the blockchain industry, marked its sixth anniversary celebration with more than 500 business partners at Ce La Vi Singapore. During the celebration, ChainUp Founder and CEO, Sailor Zhong reflected on the journey, “Six years in the blockchain industry showcases our resilience, innovation, and forward-looking approach. As we look to the future, we are committed to shaping a digital asset environment that is reliable, transparent, and unparalleled. ChainUp aims to champion blockchain solutions beyond the applications of digital assets and bridge the gap between digital asset markets and traditional finance (TradFi) to increase effectiveness and market efficiency.”
The DEX Renaissance
As decentralized finance (DeFi) comes into prominence and focused on returning control to users, one of the sectors impacted by DeFi are the exchanges where cryptocurrencies are traded. Data from CoinMarketCap reveals that trading volumes on Decentralized exchanges (DEX) reached $1.2 trillion in 2022, indicating a 340% YoY growth. However, factors such as poor user experience impeded the rate of adoption of DEX. Recognizing this trend, ChainUp has updated its white-labeled DEX solution, incorporating advanced features, strengthening its security, improving its liquidity and aims to provide a decentralized trading experience that is on par with commonly-used centralized exchanges (CEX).
Bridging TradFi and Digital Assets Market
The traditional financial sector has been progressing very cautiously on digital assets. As more institutions lean into RWA tokenization, they unlock unparalleled liquidity in a borderless trading environment. Amidst this evolution, ChainUp’s RWA solutions emerge as an industry pioneer, offering robust tokenization protocols, seamless integration, and enhanced security, bridging the gap between TradFi and the digital future with unmatched finesse.
Minimizing Risk and Maximizing Security
ChainUp’s MPC Wallet revolutionizes crypto security by integrating MPC technology with advanced hardware isolation, ensuring utmost safety and encryption on data. The wallet offers dynamic key-refreshing mechanisms, chain-agnostic compatibility, and eliminates single-point vulnerabilities. With efficient multi-address management and 24/7 expert support, users enjoy full asset control, scalability, and cost-efficiency, all under one roof.
Compliance: The Guiding Principle
Navigating global regulations in the blockchain sector can be complex. ChainUp’s KYT subsidiary, Trustformer, offers peace of mind for enterprises tackling compliance-related challenges. ChainUp’s advanced solutions in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) show their commitment to a more secure blockchain environment.
For detailed insights into ChainUp’s innovative solutions, please visit: https://www.chainup.com?channel=pr&type=article
Headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange, KYT, NFT trading, wallet, liquidity, Web3.0 infrastructure, digital asset custody, security token offerings and more. Established in 2017, ChainUp has offices around the world, serving more than 1,000 clients in 30 countries, reaching over 60 million end-users.
CONTACT: Jacelynn Pang, [email protected]
BingX Collaborates with WunderTrading to Elevate Crypto Automated Trading
SINGAPORE, Sept. 27, 2023 /PRNewswire/ — BingX, a leading global cryptocurrency exchange, is thrilled to announce its integration with WunderTrading, a cutting-edge platform that allows users to trade and invest crypto seamlessly using automated trading bots. This strategic partnership is aimed at enhancing the automated trading experience for BingX users and introducing a new level of convenience and innovation.
WunderTrading is a cloud-based cryptocurrency trading platform that simplifies cryptocurrency trading experience for beginners. Users can easily copy strategies of renowned traders or create their own. The platform offers an advanced trading terminal and automated bots integrated with TradingView, allowing users to manage portfolios efficiently within a single app. WunderTrading stands out by consolidating trading tools, enhancing user experience, and introducing unique features like the Spread-trading Terminal.
The integration of BingX and WunderTrading offers BingX users a significant advantage. With access to TradingView integration and the innovative Spread-trading Terminal, users can automate their trading strategies and diversify their portfolios with minimal risk. The Spread-trading terminal enables BingX users to choose assets for constructing a spread and will execute buy and sell orders simultaneously for the selected pairs. This integration empowers BingX users to create and fine-tune crypto trading bots swiftly, providing a unique opportunity to optimize their trading while minimizing market volatility risks.
Megan Nyvold, Head of Branding at BingX, expressed her excitement about the collaboration, saying, “BingX is always striving to offer our users the most innovative and user-friendly tools to navigate the crypto market with efficiency and greater ease. Our partnership with WunderTrading is a significant step forward. With this integration, we empower our users to trade smarter, diversify their portfolios, and navigate the crypto market with newfound confidence. We’re excited to see our users leverage the power of automated trading through WunderTrading and make the most of this enhanced trading experience.”
As BingX and WunderTrading join forces, users can look forward to an enhanced trading journey filled with innovative tools and features designed to optimize their trading strategies.
BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. BingX continues to connect users with expert traders and the platform in a safe and innovative way. Please visit https://bingx.com to learn about BingX.
- Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications
- ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets
- BingX Collaborates with WunderTrading to Elevate Crypto Automated Trading
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