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Bitget Unveils Blockchain4Her Ambassador Program Joined By Three Female Leaders

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VICTORIA, Seychelles, March 8, 2024 /PRNewswire/ — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of the Blockchain4Her (B4H) Ambassador Program — a unique project under the Blockchain4Her Initiative, aimed at bolstering inclusiveness in the publicly secure funding opportunities for women. The new program will give aspiring women the chance to act as ambassadors and catalysts for change, encouraging more individuals to join.

Bitget is launching the B4H Ambassador Program based on its findings, which reveal a significant gender gap and limited opportunities for talented women to engage publicly and secure funding. The program seeks to bridge this gap by welcoming exceptional women leaders, who will serve as role models, builders, supporters, and mentors, empowering and elevating a new generation of female talent and leaders through their guidance, assistance, and expertise.

At present, the B4H Ambassador Program has already attracted three prominent female individuals, including Tess Hau, the founder of Tess Ventures, Yevheniia Broshevan, the Co-founder of Hacken, and Cecilia Hsueh, the CEO of the Layer 2 ecosystem project Morph.

The initiative will include a number of special projects and events that aim to create a supportive and inclusive environment by cultivating a network of empowered female leaders and innovators. Bitget’s B4H Ambassador Program will advance the role of women in the Web3 space through a multi-faceted approach, which will include four key initiatives:

Role modeling

The program will spotlight the diverse journeys of its Ambassadors through inspirational stories. This strategy aims to humanize the path to success in various fields, making it more relatable and inspiring for women. It encourages more women to delve into Web3 opportunities and advance by connecting with pioneers in the industry.

Networking

Events and meetups will form the second avenue of empowerment, providing a vibrant platform for Ambassadors to showcase their expertise at regional and international gatherings, including conferences and speaking engagements. Regular events will amplify the visibility of key figures in the Web3 industry and expand their professional networks, thus opening more avenues for aspiring women to pursue professional development opportunities.

Involvement

Ambassadors are pivotal to the B4H Initiative, contributing their expertise, networks, and resources across projects and events. They will support women through consultancy sessions and mentorship programs, creating a supportive environment that nurtures female talent.

Targeted support

Comprehensive support and training are key to advancing blockchain adoption, as Bitget is committed to the continuous development of its Ambassadors, providing them with essential training and support. This also includes opportunities for collaboration with leadership teams and industry professionals, ensuring that the Ambassadors are well-equipped to make significant contributions to the community and their personal growth.

“Women are the most underused resource of the global economy in practically every industry. We, on our part, are determined to promote their involvement in the blockchain space by opening up opportunities for them to join the industry and develop,” as Gracy Chen, the Managing Director of Bitget, commented on the launch of the B4H Ambassador Program.

The Ambassadors expressed their enthusiasm and high expectations for contributing to the Blockchain4Her initiative:

Tess Hau stated: “As a female VC and actively sought-out speaker in Web3 and gender equality, I find that Blockchain4Her’s mission aligns with Tess Ventures. It’s crucial to support women developers and leaders, ensuring that innovative and creative minds have the resources they need to succeed. As an Ambassador, I advocate for the transformative power of blockchain in promoting financial literacy and inclusion for women. I am excited about the opportunity to contribute to Blockchain4Her’s initiative and look forward to the positive change we can create together.”

Yevheniia Broshevan expressed: “While we dream of Web3’s widespread adoption, it’s crucial to understand that achieving this goal is impossible without ensuring equal opportunities and openness for everyone in this space. I am honored to support initiatives that address these disparities, as I believe that projects of this nature propel us towards a world free from barriers and judgments.”

Cecilia Hsueh said: “The male-dominated blockchain industry is now witnessing an increasing number of female leaders. Their presence marks a step forward towards more acceptance and inclusivity. This change not only adds diversity to the sector but also makes the spread of complex blockchain technologies more accessible to the general public.”

Bitget has engaged in various CSR initiatives, notably launching Blockchain 4uth and Blockchain4Her, each backed by a $10 million commitment. The latter focuses on enhancing gender diversity and inclusivity within the blockchain industry.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. 

For more information, visit: Website  | Twitter  | Telegram  | LinkedIn  | Discord | Bitget Wallet

Photo – https://mma.prnewswire.com/media/2358070/Bitget_Unveils_Blockchain4Her_Ambassador_Program_Joined_By_Three_Female_Leaders.jpg 

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Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest

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Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.

The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.

While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.

Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.

A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.

Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.

Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.

Source: cryptonews.com

The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.

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ASIC cracks down on blockchain mining firms

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Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.

According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.

The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.

ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.

In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.

While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.

Source: iclg.com

The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.

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Crypto and Blockchain Weave Deeper Into the Biometrics Space – Identity News Digest

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AuthID Inc. has formed a strategic partnership with the National Notarial Centralized Verification System (NNCVS) to integrate biometric identity verification into NNCVS’s online notary platform. NNCVS, a provider of nationwide online services for notaries, aims to transition from a local, in-person framework to a more secure, digital model. By leveraging AuthID’s platform, NNCVS will authenticate the identities of notarial agents and their clients using biometric checks that compare selfies with ID document photos. This enhancement ensures heightened security throughout users’ interactions with the service.

iVALT has introduced a mobile app called OnDemandID, designed to enable users to verify the identity of individuals during phone calls, video calls, or online interactions with a single click. The app employs multiple verification elements, including biometrics, device ID, and location-based parameters like geofencing and time windowing, to prevent deepfake attacks and identity fraud. OnDemandID prioritizes user privacy by storing biometric data locally on the device and refraining from tracking user movements. Additionally, iVALT offers integration into existing enterprise mobile apps, providing a solution to enhance caller verification processes within corporate environments.

Keyless, a company specializing in secure facial recognition, has partnered with EnQualify, an AI-powered Know Your Customer (KYC) verification provider, to enhance online identity verification. Keyless’s privacy-centric ZKB technology will integrate with EnQualify’s AI for initial user verification, enabling a seamless and secure authentication process. This collaboration eliminates the need for repetitive steps and data storage, offering a faster and more user-friendly verification experience while ensuring robust security measures.

Australian fintech Waave has launched its Wallet app to enhance security and convenience for online payments. Integrated with Waave’s Pay by Bank system, Wallet utilizes fingerprint or facial recognition for secure authentication, eliminating the need for passwords and card details. This approach addresses concerns about online fraud, providing a streamlined payment process for consumers and merchants alike. Additionally, Wallet will introduce expense tracking features later in 2024, further enhancing its utility for users.

BeatBit Wellness Lab has introduced the CUDIS ring, a wearable device focused on user-controlled health data management. Powered by Solana blockchain technology, CUDIS tracks biometric data and offers personalized health insights using AI algorithms. Users can contribute anonymized data to a research network and earn rewards, emphasizing data ownership and privacy. The CUDIS ring integrates securely with other Solana and Web3 products, offering users a comprehensive health monitoring solution within the decentralized ecosystem.

Worldcoin has unveiled World Chain, a new blockchain platform designed to prioritize verified human users over bots, aiming to reduce network congestion and transaction fees. Integrated with the Worldcoin protocol’s Proof of Personhood, World Chain provides verified users with priority blockspace and gas allowances. This Layer 2 solution, secured by Ethereum, offers developers access to a large pool of verified users for deploying utility applications. World Chain is set to be open source and permissionless, with plans for community-based governance in the future.

New South Wales (NSW) has launched an Australia-first trial to test digital birth certificates, involving over 18,000 children associated with specific educational institutions. Led by the NSW Registry of Births, Deaths and Marriages in collaboration with the Department of Customer Service, the pilot explores the use of digital certificates with the same legal validity as traditional paper versions. Digital birth certificates aim to simplify administrative tasks and offer enhanced security and convenience, particularly in disaster-prone areas where paper documents could be compromised.

Source: findbiometrics.com

The post Crypto and Blockchain Weave Deeper Into the Biometrics Space – Identity News Digest appeared first on HIPTHER Alerts.

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