Blockchain
FiO’s First Tech Meetup Shows Off Innovative Blockchain Application for Businesses
Innovative new Blockchain-as-a-Service (BaaS) enterprise FiO held a successful first tech meetup in Taipei on Friday, 8 November.
The company invited Jack Wu, senior technical consultant at IBM Taiwan’s Cloud Computing and Cognitive Software Division to share IBM’s public cloud technology with attendees.
During the event, Kaede Tai, FiO’s chief technology officer, gave a detailed explanation on how FiO’s ecosystem works, as well of a demonstration of FiO’s extensive product suite in action. Kaede also explained how blockchain technology will benefit everyone and how FiO break down the barriers to blockchain by making it simple and being a problem-solving tool for enterprises and individuals.
With the growth of blockchain technology, many traditional industries have started to focus on the research and applications of it, especially on how to integrate blockchain into existing solutions. Startups like FiO are focusing on upgrading, scaling and improving the efficiency of current business operations through sophisticated customized blockchain applications.
FiO was launched with the mission to introduce seamless and practical blockchain technology into end-users’ lives. Its complete BaaS solution removes the prohibitive costs for enterprises or developers associated with learning or developing their own blockchain-based products. Instead, FiO allows any company to be involved in FiO’s cross-chain technology where all the participants share the collective mutual benefits such as new customer bases, more targeted marketing and access to big data.
During the meetup, Kaede showed the demonstration of the new backend management system currently developed for customers and partners.
Kaede explained the concept of combining GPG encryption verification and winding technology and how simple and intuitive enough FiO is that even the most inexperienced non-technical users can easily use it to manipulate and extract the blockchain information they require, thus making blockchain belong anyone.
FiO’s latest achievements also lay the foundation for the company’s plans in the near future to integrate the converging latest digital innovations in 5G, AI, IoT, and Big Data into its service offering to the direct benefit of its customers. With Asia’s tigers and China now all heavily investing in blockchain technology to ensure they remain frontrunners in the new global digital economy, the company is well-positioned to reap the rewards in the coming years.
SOURCE FiO
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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