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ALYI Strategic Financing Details to Be Published on Key Date for EV Market

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Dallas, Texas–(Newsfile Corp. – July 21, 2020) – Alternet Systems, Inc. (OTC Pink: ALYI) today confirmed an online presentation to be published this week on Thursday, July 23, 2020 to detail the coming initial coin offering (ICO) intended to back ALYI’s electric vehicle (EV) strategy in Africa.

Tesla is expected to publish its quarterly financial statement on Wednesday, July 22nd, 2020 after the market. Strong gross margin performance is anticipated to bode well for Tesla when the market opens the following day. Tesla progress has fueled investor enthusiasm for the overall EV sector. The ALYI investor EV ICO presentation has been timed in anticipation that reception for the strategy this Thursday will be strong.

From its founding in patented lithium technology commercialization, ALYI has evolved into an innovative electric vehicle company with an initial $300 million electric mobility initiative in Africa designed to rapidly expand beyond the initial $300 million scope. The $300 million initiative includes a key customer for ALYI’s Revolt Electric Motorcycle, and a comprehensive annual electric mobility event designed to both fuel the branding and marketing of ALYI’s current and future electric vehicles in addition to serving as a catalyst in the development of all ALYI’s future electric mobility solutions.

ALYI’s Revolt Electric Motorcycle is a rugged design that has now endured two rounds of prototyping and testing and is ready for production. The Revolt Electric Motorcycle will be manufactured in Kenya initially for the Kenyan ride-share market. Motorcycles are already widely accepted and in use as taxi’s in Africa.

The branding and marketing for ALYI’s current and future electric mobility solutions will be built on the company gaining recognition for its annual electric mobility conference and symposium that includes an already branded anchor event. The anchor event is part of an existing and well established $6 billion industry. The annual electric mobility conference and symposium and anchor event is expected to contribute significantly to both ALYI’s top and bottom line, in addition to providing a catalyst to the development of future ALYI mobility solutions.

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On June 30, 2020, ALYI entered into a letter of intent (LOI) for a $25 million first tranche investment to fund ALYI’s overall $300 million electric mobility initiative in Africa.

The planned ALYI investment is one component of the investor’s overall $100 million initial cryptocurrency offering (ICO) strategy. The investor is independently launching an ICO dedicated to funding ALYI’s overall $300 million electric mobility project in Africa with future plans to fund additional electric mobility initiatives in Africa. The investor has already partitioned a cryptocurrency on the Ethereum Blockchain in advance of the planned ICO.

This week, on Thursday, July 23rd, the investor will publish an online presentation detailing the upcoming ICO’s overall strategy to fund an environmentally sustainable, electric mobility initiative in Africa that economically benefits local African markets while providing those purchasing the cryptocurrency multiple incentives and economic benefits.

For more information and to stay up to date on the latest developments, please visit: http://www.alternetsystemsinc.com

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

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Alternet Systems, Inc. Contact:
Randell Torno
[email protected]
+1-800-713-0297

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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World Chess and the Algorand Foundation propose leveling the playing field with a “chess passport”

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In a whitepaper published today, World Chess (LSE: CHSS) and the Algorand Foundation (ALGO) conceptualize a new blockchain-based system that would establish secure, private, and verifiable credentials for global sports organizations, including chess. Grandmaster Evgenij Miroshnichenko contributed to the paper alongside the Algorand Foundation and World Chess.

The move comes as interest in chess hits a new high, driven by popular television series on Netflix and the BBC, the 2024 awarding of the youngest-ever world chess champion, and the inclusion of chess for the first time in the Esports World Cup later this year.

If adopted, the system would allow chess players to independently manage their identity and credentials across all chess platforms and organizations with a single decentralized ID, and one login credential for everywhere they play. They could then easily “port” their identity, achievements, records of play, rankings, and rewards across online chess platforms, as well as seamlessly from the digital world to in-person games and tournaments. This provides them with a much easier way to prove their identity, no matter their status or documentation; it would also reduce tournament application times significantly. Chess organizations would then be able to welcome even more players to their competitions, including those who have built their chess career solely online, as well as players who have previously only competed in tournaments held by other organizations.

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Among other benefits, the adoption of a “global chess passport” would make it much easier for organizers and chess clubs and federations alike to onboard and register players, both online and offline.

Another benefit of the proposed system is to safeguard fair play. As chess becomes increasingly integrated into e-sports and online competitions, the use of AI programs or player fraud (one player representing another) is an increasing concern. Being able to confirm player integrity (including whether they have been banned for cheating on any other platform) ensures credibility of chess contests and competitions. These verifiable credentials also preserve player privacy. They can be used to confirm player eligibility and relevant identity data without providing access to sensitive documentation, such as passports. Finally, identity verification also prevents fraud in tournament payouts. Phishing and other attempts to steal winnings are on the rise; this ensures only the rightful winner can access their prize funds.

“I think that chess needs its version of the global e-version of drivers license. It’s a global game, and using blockchain for the benefit of having one universal independently verifiable ID is something that both players and organizers will certainly benefit from,” says Ilya Merenzon, CEO of World Chess.

“This initiative is not just about chess; it’s about the future of fair play and verifiable achievement across all sports and esports,” said Bruno Martins, principal architect at the Algorand Foundation and co-author of the whitepaper. “Chess has a rich history of proving the usefulness of new technologies. In this case, World Chess is showing the integrity, privacy, and portability of records in any competitive arena is not only possible – it’s in the best interest of every player, everywhere.”

Statista estimates that the market for esports should reach $4.8 billion in 2025, with nearly 900 million players by 2029 (source), all of which could benefit from better cross-platform registration for online and in-person competitions.

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The full whitepaper and more information about the proposed open-source system can be found here. Chess platforms, esports organizations and other parties interested in contributing to the project can get involved by contacting [email protected].

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Blaqclouds Board Approves 30-Day Revenue Acceleration and Ecosystem Monetization Plan

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Blocks & Headlines: Today in Blockchain – April 23, 2025 – EDPB, Binance, MicroCloud, Nile Coin, TruaBroker

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Welcome to Blocks & Headlines, your daily op-ed–style briefing on the most significant developments in blockchain technology and the cryptocurrency industry. Today’s dispatch spotlights landmark privacy guidelines from the European Data Protection Board, Malaysia’s engagement with Binance’s founder to turbocharge digital finance, a groundbreaking blockchain reconstruction solution from MicroCloud Hologram, the impending launch of Nile Coin on Solana by Hyperscale Data’s subsidiary BitNile.com, and Trua’s AI-driven TruaBroker compliance platform. These stories underscore how regulation, infrastructure innovation, token launches, and compliance automation are shaping Web3’s next chapter.


1. EU’s Privacy Guardrails: EDPB Proposes Blockchain Data Access Guidelines

Source: Decrypt

The European Data Protection Board (EDPB) has published draft guidelines aimed at reconciling blockchain’s immutable architecture with GDPR’s privacy mandates. Key directives include avoiding on-chain storage of personal data when it conflicts with Data Protection by Design and by Default, conducting Data Protection Impact Assessments (DPIAs) for high-risk processing, and implementing organizational and technical measures to limit default data access to an “indefinite number of persons” Decrypt.

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Op-Ed Insight:These guidelines mark a pivotal moment. By mandating privacy-by-design and off-chain anchoring of sensitive information, the EDPB effectively pressures projects to adopt hybrid architectures—where on-chain transparency coexists with off-chain confidentiality. While defenders of pure decentralization decry potential censorship, privacy advocates hail these guardrails as essential to prevent authoritarian misuse of immutable ledgers. Ultimately, projects that bake data protection into their smart contracts and storage layers will secure both regulatory compliance and user trust.


2. Malaysia Taps Binance’s CZ for a Blockchain Finance Overhaul

Source: Bitcoin News

Malaysian Prime Minister Anwar Ibrahim has initiated high-level discussions with Changpeng Zhao (CZ), Binance’s founder and former CEO, to position Malaysia as Southeast Asia’s preeminent hub for tokenization and digital finance. The dialogue focuses on leveraging blockchain to modernize capital markets, streamline cross-border payments, and foster regulatory sandboxes that attract global Web3 startups Beamstart.

Op-Ed Insight: Engaging CZ signals Malaysia’s ambition to leapfrog legacy financial architectures by importing Binance’s exchange expertise and compliance playbooks. Yet success hinges on crafting balanced regulations that encourage innovation without compromising investor protection. If Malaysia can marry CZ’s technical insights with proactive oversight—such as clear licensing pathways for decentralized exchanges—it could catalyze a shift in regional capital flows from traditional finance hubs like Singapore to Kuala Lumpur.


3. MicroCloud Hologram’s VSS-Powered Blockchain Reconstruction Solution

Source: PR Newswire

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MicroCloud Hologram Inc. (NASDAQ: HOLO) unveiled an innovative blockchain reconstruction solution that employs Verifiable Secret Sharing (VSS) technology to split and distribute private key shares across distributed nodes. Four core components—VSS-based key sharding, redundant node storage, dynamic participant verification, and incentive-driven reward/penalty mechanisms—enable rapid, trustless restoration of blockchain data integrity following attacks or node failures PR Newswire.

Op-Ed Insight: As DeFi and on-chain finance proliferate, uninterrupted availability and data consistency have become paramount. MicroCloud’s VSS approach transforms reconstruction from a centralized recovery process into a decentralized protocol, minimizing reliance on any single custodian. This paradigm could redefine disaster-recovery benchmarks: imagine an exploited smart contract whose state is instantly rebuilt through pre-sharded secrets, preserving transactional continuity without manual key escrow.


4. BitNile.com to Launch Nile Coin on Solana Blockchain

Source: GlobeNewswire

Hyperscale Data, Inc. (NYSE American: GPUS) announced that its social gaming subsidiary BitNile.com will launch Nile Coin on Solana on May 1, 2025. Solana’s high throughput and low fees position it as an optimal platform for BitNile’s gaming ecosystems, where Nile Coin will fuel in-game economies, reward completions, and facilitate peer-to-peer transactions. Further details on tokenomics and utility are expected in the coming weeks GlobeNewswire.

Op-Ed Insight: While new token launches are ubiquitous, Nile Coin’s Solana-native design leverages one of the fastest blockchains for scalable micro-transactions—a critical requirement for social gaming. Success will depend on robust token utility, partnership integrations, and community incentives. If BitNile.com can embed Nile Coin across multiple entertainment verticals (e-sports, virtual concerts, NFTs), it could ignite a network-effect flywheel, bolstering both user engagement and on-chain liquidity.

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5. TruaBroker: Automating Compliance with AI-Powered Trust Credentials

Source: PR Newswire (via Benzinga)

Trua, a leader in digital trust credentials, launched TruaBroker™, a cloud-based platform that automates compliance for broker-dealers and Registered Investment Advisors. Built on Trua’s patented Continuous Evaluation engine, TruaBroker delivers real-time monitoring of FINRA, SEC, and NFA records; identity verification; and continuous credential checks—all without IT integration. Its AI algorithms flag licensing gaps, disciplinary histories, and civil actions, enabling firms to maintain audit readiness and mitigate risk proactively Benzinga.

Op-Ed Insight: In an era when on-chain transactions intersect with regulated financial activities, seamless compliance is non-negotiable. TruaBroker’s model—issuing reusable, verifiable digital credentials anchored by blockchain—offers a blueprint for how KYC/AML processes can evolve into dynamic, trustless workflows. As DeFi platforms eye tokenized securities and on-ramps, integrating similar continuous-evaluation mechanics could become a competitive differentiator, blending self-sovereign identity with regulatory assurance.


Conclusion
Today’s headlines illustrate blockchain’s multifaceted evolution: from regulatory frameworks enforcing privacy and consumer rights, to infrastructure innovations that ensure resilience; from national strategies enlisting industry titans to drive tokenization, to platform launches forging new digital economies; and from compliance automation transforming institutional trust to AI-powered credentialing.

As the space matures, successful projects will be those that:

  1. Embed privacy and compliance by design—aligning with GDPR and global regulations.

  2. Invest in self-healing architectures—leveraging cryptographic primitives like VSS.

  3. Cultivate vibrant token ecosystems—anchored on high-performance chains.

  4. Adopt continuous, AI-driven governance—bridging the gap between Web3 innovation and traditional financial oversight.

Stay tuned to Blocks & Headlines for incisive commentary and daily updates on the blockchain stories that shape tomorrow’s decentralized future.

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The post Blocks & Headlines: Today in Blockchain – April 23, 2025 – EDPB, Binance, MicroCloud, Nile Coin, TruaBroker appeared first on News, Events, Advertising Options.

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