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Blockchain Press Releases

Discover Move Move Coin: Is This the Next Sports Blockchain for Your Workout?

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SINGAPORE, May 1, 2024 /PRNewswire/ — MMC Foundation Singapore is excited to announce the launch of Move Move Coin (MMC), the first-of-its-kind blockchain sports project designed to transform how we think about fitness and technology. This pioneering initiative is set to merge health with high-tech, promoting nationwide fitness through the innovative use of Web3 technology.

Transforming National Fitness with Blockchain

By integrating physical activity with blockchain, MMC creates a unique ecosystem where exercise translates directly into MMC computing power. Participants can engage in the MMC exercise plan, turning their workouts into tangible incentives for every physical activity.

Move Foundation’s mission is to ignite a passion for sports across the nation by offering a cutting-edge, enjoyable sports ecosystem. With the introduction of MMC, the vision is to position it as the leading global initiative for national sports programs powered by Web3 technology, setting a precedent for future sports blockchain projects.

Why You Should Move With MMC Foundation

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MMC lies in a dynamic system that transforms physical activity into tangible rewards. Participants can enhance their fitness routines while simultaneously generating MMC computing power, a novel approach that earns them MMC encrypted assets. This unique feature leverages the dual benefits of health and technology, offering an incentive that goes beyond traditional fitness rewards.

The integration of NFT technology with sports equipment not only personalizes the user experience but also amplifies the benefits received from workouts. By purchasing NFTs that represent various pieces of sports gear, users can increase their MMC accumulation, thus adding a layer of customization and value to their exercise regimen.

To safeguard the integrity and longevity of NFT assets, MMC Foundation employs the IPFS network for storage, ensuring decentralized, reliable access worldwide. Looking ahead, MMC Foundation is set on expanding MMC’s footprint globally, collaborating with other blockchain ecosystems for seamless asset circulation and exchange, and positioning itself as a leader in the sports blockchain market.

The Global Vision for MMC Foundation

The future of the MMC project is marked by an ambitious global expansion strategy. This involves not only widespread promotion across various markets but also strategic partnerships with other blockchain ecosystems. These collaborations are essential for facilitating the cross-chain circulation and exchange of assets, enhancing the interoperability and reach of the MMC ecosystem.

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MMC Foundation is also committed to a robust global marketing drive aimed at establishing the project as a top-tier brand within the sports blockchain industry. By actively promoting and aligning with international sports and fitness communities, MMC Foundation aims to create a widely recognized presence worldwide.

About Move Move Coin

Move Move Coin (MMC) is a solution initiated by the MMC Foundation in Singapore that utilizes Web3 technology to encourage and motivate nationwide physical fitness activities. MMC operates as a token rewards and blockchain-driven system, allowing participation in token mining through devices like smartphones and smartwatches for activity monitoring.

For more information, please visit:

Photo – https://mma.prnewswire.com/media/2402546/MMC_Visual.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/discover-move-move-coin-is-this-the-next-sports-blockchain-for-your-workout-302133005.html

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Blockchain Press Releases

HTX Appoints Singapore National Goalkeeper Hassan Sunny as Chief Safeguarding Officer

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SINGAPORE, June 15, 2024 /PRNewswire/ — HTX, a leading cryptocurrency exchange, proudly announces the appointment of Singapore national football team goalkeeper Hassan Sunny as Chief Safeguarding Officer.

“The partnership between HTX, the ‘People’s Exchange’, and Hassan Sunny, the ‘People’s Goalkeeper’, is a perfect match,” said Justin Sun, Member of the HTX Global Advisory Board. “Together, we will work to ensure the safety and security of user assets in the ever-evolving crypto world. Just as Sunny fearlessly protects his goal on the field, HTX is committed to protecting every user’s assets with the same determination and resolve, providing the safest and most reliable investment environment possible.”

Sunny also expressed his excitement about joining the HTX family, stating “I am excited to be part of HTX. I can’t wait to embark on this journey with the team.”

Sunny has been called a national hero in China for his outstanding performance in the final group match of the first round of the 2026 FIFA World Cup Asian Qualifiers against Thailand on June 11th. Despite facing relentless attacks, Sunny made an incredible 11 saves, including a crucial one in stoppage time. Singapore ultimately lost the match 1-3, but their result helped China qualify for the next round at the expense of Thailand.

About HTX:

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Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – “global development, technology drives development, and technology for good” underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.

 

View original content:https://www.prnewswire.co.uk/news-releases/htx-appoints-singapore-national-goalkeeper-hassan-sunny-as-chief-safeguarding-officer-302173558.html

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New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

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Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

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The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

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Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

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Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

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Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

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Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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