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Huobi & CoinMarketCap Tackle The Issue of Fake Trading Volumes in Crypto

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Huobi Global is pleased to confirm its role as a founding member of CoinMarketCap’s newly-formed Data Accountability and Transparency Alliance (DATA).

The alliance is dedicated to bringing together partners across the board to contribute to a deeper discussion on transparency in the cryptocurrency industry.

As a charter member, Huobi will take a leadership role in combating issues like wash trading and fake trading volumes by working to establish, review, and align industry standards, as well as to identify gaps in the industry and to develop strategies to improve data accountability and transparency. In addition, as a DATA member, Huobi will provide enhanced, live, and in-depth trading and orderbook data to CoinMarketCap, allowing them verify and repost it.

“The issue of fake trading volumes is a real one in the industry and people have a right to know that the numbers provided by exchanges are legitimate. We think there should be no exceptions and we see something like DATA as a natural next step as our industry grows in both maturity and mainstream acceptance,” said Livio Weng, CEO of Huobi Global.

Among other advantages, Huobi is known for its strong liquidity, so accurate trading volume numbers are of high importance to the company. In addition to volume, liquidity is also measured by market depth and spread. Huobi regularly monitors and compares its liquidity against those of the other leading global exchanges. According those reviews, Huobi consistently ranks as one of the top exchanges in terms of liquidity.

“When it comes to liquidity, or any other measure, the public should be able to easily verify and decide who is trustworthy and who is not. That’s why we think efforts like the DATA alliance are positive steps forward,” said Ross Zhang, Head of Marketing for Huobi Group.

In addition to sharing data for verification, Huobi representatives will facilitate in-depth discussions, suggestions, strategies, and planning with other DATA members at biannual industry roundtables on crypto data transparency and its impacts.

“Huobi prides itself as being on the forefront of data authenticity, accuracy and transparency,” added Weng. “We are happy to work with others to advance these values across the industry as a whole.”

 

SOURCE Huobi Global

Blockchain

Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Blockchain

Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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Blockchain

RevoluGROUP Canada Inc. Announces White Label Partnership with MONECO France

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