Blockchain
Homegrown Canadian Crypto Startup, Steam Exchange, Takes on Binance and Other Major Players, in an Effort to Obtain Complete Compliancy and Offer a Safe Space for New Investors in the Crypto Ecosphere
Toronto, Ontario–(Newsfile Corp. – August 19, 2021) – Steam Exchange, a new and upcoming Canadian Cryptocurrency Exchange is on track to set the new standard for major players in the market. Having access to a feature-packed Centralized Exchange has been an issue in Canada. With major brands exiting the market due to regulations, it leaves opportunity for homegrown talent and local organizations to soak up some significant market share.
Steam Exchange’s ‘built from scratch’ approach enables features to be built out with longevity and complete compliancy in mind. Steam Exchange is currently being developed in Canada, by Canadian Engineers. Partnered with top Canadian Universities, the platform is truly “Made in Canada”.
Neville Divecha, one of the Co-founders and developers of Steam Exchange, shares what they are doing to differentiate themselves from some of the major players –
“We definitely see Steam Exchange operating as a Global Initiative with a Canadian core. We’re currently working with the best legal minds in the regulatory and compliancy sector. Steam Exchange believes that the user experience directly relates to the success of a platform, and will be applying that principle to their development strategy. We are working towards being 100% compliant with OSC regulations, and regulations around the world. With first of its kind features, the platform will truly be your one stop shop for all things crypto. We aim to provide services and functions that allow you to trade confidently and freely.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8250/93779_da3deda3b41189fa_001full.jpg
“Keep in mind that this is not an idea or solely a concept. We’ve been hard at work, behind the scenes for more than 6 months, and are well on our way to completion of Stage 2 – which is our mobile integration and user interface optimization. We crushed our deadlines with Stage 1 and were able to show our community the fully functional and operational exchange platform; live nodes, active trading pairs, KYC integration, you name it.
“Steam Exchange views itself as much more than just an exchange, we aim to make a difference in the crypto ecosphere by providing a safe space for individuals to foster, and groom their own crypto journeys through the power of learning. This will be facilitated by our physical locations across Canada, as well as online resources; offering exposure and training for all things crypto.”
The team behind Steam Exchange is currently focusing efforts on marketing, ahead of their SteamXchange Token launch, working closely and diligently with strategic partners and preparing a range of targeted content and informational material. By preparing and engaging in their marketing initiatives now, rather than post-launch, the team is confident that they will be positioning Steam Exchange in great stead, for their holders and strategic partners.
Designed with early investors & visionaries in mind, the SteamXchange Token, built on the Binance smart chain, enables early adoption of the native SteamX Coin that would be based on their own proprietary Blockchain.
Neville mentions, “Upon completion of Stage 3 and once our Exchange is ready to be released to the world, we will engage in a swap of SteamXchange Tokens for our native SteamX Coin. This native SteamX Coin will be used as the main liquidity pair for all cryptocurrencies offered on the platform. It will work as a base token for the platform where all trading to, and from other cryptocurrencies begin and end with SteamX Coin.
“In addition to trading, SteamX Coin will unlock tiers within the platform. The more SteamX Coin you hold, the higher the tier. The higher the tier, the more benefits you unlock. Think of this as an incentive to trade on and support the platform.
“All of this is not possible without being powered by our state-of-the-art SteamX Blockchain! Built with speed and cost in mind, trading on the SteamX Blockchain will be fast and affordable. Gone are the days of slow trades and high fees.”
More information about the project can be found on their Website, Telegram group, and Twitter below:
https://t.me/SteamXchangeOfficial
https://twitter.com/steam_exchange
Client and Media contact:
[email protected]
Steam Exchange believes that they can make a difference in the crypto ecosphere by providing a safe, well-informed space for new and experienced investors alike. The physical locations will encourage more exposure, trust, and allow for Steam Exchange to bridge the gap through the power of learning. The core team has worked for multiple Fortune 500 companies in the past and is ever willing to deliver; they constantly provide the community with updates and organize forums of discussion. All aboard as Steam Exchange is poised to emerge as a credible, long-term player in the crypto ecosphere.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/93779
Blockchain
Blocks & Headlines: Today in Blockchain – May 16, 2025

A Pivotal Moment for Blockchain’s Many Frontiers
Today’s briefing arrives at a crossroads in blockchain’s evolution. From AI-driven Layer-1 grant programs to gamified resets in Web3, from supply-chain trust revolutions to exchange-driven token incentives, and high-stakes regulatory leadership shifts, the industry is charting new territory on multiple fronts. As builders, investors, and policymakers navigate this shifting terrain, five stories stand out for their potential to reshape blockchain’s trajectory:
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Lightchain Protocol AI unveils a $150,000 developer grant program to onboard top builders in AI × blockchain.
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Blockchain gaming experiences its lowest engagement of 2025, signaling a sector reset toward sustainability.
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Norwegian Seafood Council research highlights blockchain’s trust-building power in global supply chains.
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MEXC Exchange announces the Einstein (EIN) listing on July 20, 2025, buoyed by a $50 million rewards event.
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Summer Mersinger, a US CFTC commissioner, is tapped as CEO of the Blockchain Association, marking a pivotal regulatory turn.
In this op-ed–style briefing, we’ll unpack each development, explore its implications for blockchain, cryptocurrency, Web3, DeFi, and NFTs, and assess how these narratives intersect to define today’s momentum.
1. Lightchain Protocol AI’s $150K Grant: Catalyzing Decentralized Intelligence
What happened: On May 15, 2025, Lightchain Protocol AI—a Layer-1 blockchain optimized for AI workloads—launched its Developer Grant & Ecosystem Incentive Program, pledging up to $150,000 in total funding to on-board teams building dApps, explorers, wallets, analytics dashboards, DeFi protocols, NFT platforms, and AI-powered modules on its network. Grants are milestone-based (up to $5,000 per milestone), accompanied by technical support, co-marketing, and ecosystem visibility. Source: Bitcoin News
Why it matters: Lightchain’s move underscores the growing fusion of AI and blockchain. By allocating resources to builders at the intersection of these technologies, the protocol signals that the next wave of innovation will hinge on intelligent smart contracts, federated learning coordination, and on-chain decision-making. For developers, this grant lowers barriers to entry and emphasizes sustainable, value-driven growth over token speculation.
> “We’re seeking impactful projects that align with Lightchain AI’s goal of bridging AI and blockchain—everything from AI prediction markets to compute marketplaces.” > — Lightchain Protocol AI Core Team
Implications:
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DeFi & NFTs: Expect AI-augmented lending protocols and NFT platforms with dynamic metadata driven by on-chain models.
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Ecosystem Growth: Lightchain’s aggressive grant strategy may spur competitors (e.g., Ethereum layer-2s) to bolster their own builder incentives.
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Governance & Sustainability: The milestone-based approach aligns funding with tangible progress, a model DeFi DAOs may increasingly adopt for resource allocation.
Source: Bitcoin News
2. Blockchain Gaming’s 2025 Low: A “Reset” Toward Quality
What happened: According to Crypto.news, blockchain gaming saw daily active wallets dip to 4.8 million in April 2025—a 10% month-over-month decline and the lowest point of the year for Web3 gaming. Share of the DApp ecosystem for gaming fell to 21%, now tied with DeFi, while AI projects surged to 16% of on-chain activity. Funding also plunged nearly 70% from March to $21 million in April, though Arbitrum Gaming Ventures deployed $10 million from its $200 million fund to support titles like Wildcard, XAI Network, and Proof of Play. Source: Crypto.news
> “Capital is harder to secure, but that’s not necessarily bad. Weak projects are falling away, and funds are flowing into builders laying the groundwork for the next generation of blockchain games.” > — Sara Gherghelas, DappRadar Analyst
Why it matters: The downturn reflects a market recalibration from token-centric models toward user engagement, game mechanics, and interoperability—key for mainstream adoption. High-profile missteps (e.g., Square Enix shelving Symbiogenesis, Sega’s experimental launch of KAI: Battle of Three Kingdoms) contrast with enduring partnerships like Ubisoft + Immutable’s Might & Magic card game.
Implications:
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DeFi and Gaming Convergence: As DeFi’s share remains steady, expect crossover innovations (e.g., on-chain staking integrated into gameplay).
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Investor Focus: Sustainable tokenomics over ‘yin-yang’ hype; capital will favor projects with robust retention metrics and revenue models.
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NFT Utility: Gaming’s reset may accelerate evolution of NFTs beyond collectibles into dynamic, utility-driven assets.
Source: Crypto.news
3. Deepening Trust in Seafood with Blockchain Transparency
What happened: Perishable News reported on May 15, 2025, that the Norwegian Seafood Council found 89% of consumers desire more information on seafood sourcing. Producers are piloting decentralized blockchain solutions to trace products “sea to shop floor,” sharing immutable data on species, harvest location, handling, and quality checks to reassure ethically conscious buyers. Source: Perishable News
Why it matters: While most blockchain discourse orbits finance and gaming, supply-chain applications represent a mass-market use case for Web3. Immutable provenance data combats fraud, illegal fishing, and mislabelling—an urgent concern as global seafood consumption climbs.
Implications:
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Consumer Engagement: Brands adopting on-chain traceability can premium-price products by verifying sustainability standards, fair labor practices, and environmental impact.
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DeFi Integration: Tokenized incentives could reward ethical producers or create staking mechanisms for supply-chain stakeholders.
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Broader Web3 Adoption: Success in seafood may catalyze blockchain tracking in agriculture, pharmaceuticals, and luxury goods.
Source: Perishable News
4. MEXC’s Einstein (EIN) Listing & $50 Million Rewards Event
What happened: PR Newswire announced on May 16, 2025, that MEXC, a leading global crypto exchange, will list the Einstein (EIN) token on July 20, 2025 (UTC). To celebrate, MEXC has launched a $50 million EIN rewards event, offering incentives through trading competitions, referral bonuses, staking pools, and community tasks. Source: PR Newswire
Why it matters: Large-scale rewards events can drive short-term volume spikes and social engagement, but they also test community loyalty and tokenomics viability. EIN’s positioning as a “science-minded” utility token in educational and research partnerships adds thematic depth to what might otherwise be a routine exchange listing.
Implications:
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Trading & Community Growth: Expect surges in trading volume, potentially setting new ATHs for MEXC’s platform metrics.
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DeFi Crossplay: EIN holders may see integration into DeFi protocols for governance, liquidity mining, and educational grants.
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Regulatory Watch: Large-scale token events continue to attract scrutiny over securities classifications and promotional compliance.
Source: PR Newswire
5. Summer Mersinger Becomes CEO of the Blockchain Association
What happened: Gadgets360 reported that on May 14, 2025, the Blockchain Association confirmed that Summer Mersinger, currently a commissioner at the US Commodity Futures Trading Commission (CFTC), will step down on May 30 and begin as the Association’s CEO on June 2. Mersinger has championed balanced, consumer-focused digital asset rules and will spearhead advocacy for fit-for-purpose legislation alongside US regulators. Source: Gadgets360
> “Summer’s knowledge of how elected officials think through complex questions will be vital as we await next steps on stablecoin and market structure bills.” > — Blockchain Association
Why it matters: The appointment bridges regulatory expertise and industry advocacy at a moment when Congress is eyeing stablecoin frameworks and broader crypto oversight. Mersinger’s shift signals a blurring of lines between government and industry, with potential to accelerate law-making and foster public-private collaboration.
Implications:
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Policy Acceleration: Expect renewed momentum on stablecoin legislation, DeFi disclosures, and market-structure rules by August 2025, per administration timelines.
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Industry Confidence: Firms may feel emboldened to innovate under clearer regulatory signals, supporting growth in DeFi, NFT marketplaces, and tokenized asset offerings.
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Global Alignment: US-led regulatory frameworks often influence EU and APAC regimes—this leadership change could ripple through the international policy landscape.
Source: Gadgets360
Conclusion: Five Threads Weaving Tomorrow’s Blockchain Fabric
Today’s headlines paint a multifaceted portrait of blockchain’s ongoing maturation:
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Ecosystem Incentives: Grant programs like Lightchain’s signal a builder-first ethos, turbocharging AI × blockchain synergy.
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Quality Over Hype: Gaming’s dip reflects a necessary market reset, steering capital to sustainable, engagement-driven projects.
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Real-World Utility: Supply-chain transparency demonstrates blockchain’s power beyond finance, enhancing consumer trust.
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Tokenomics in Motion: Exchange listings and rewards events underscore the ever-evolving interplay between liquidity, community, and utility.
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Regulatory Convergence: Leadership moves like Mersinger’s appointment highlight the tightening feedback loop between policymakers and the Web3 sector.
As blockchain, cryptocurrency, Web3, DeFi, and NFTs continue to intersect, today’s developments underscore a pivotal shift: the industry is moving from speculative frontiers to pragmatic, real-world applications—backed by funding, governance, and policy frameworks that prioritize longevity and trust. Keep these threads in mind as we watch the next chapters unfold.
The post Blocks & Headlines: Today in Blockchain – May 16, 2025 appeared first on News, Events, Advertising Options.
Blockchain
Saudi Arabia Loan Aggregator Market Report 2025: Retail Digital Payments Hit 70% as Tech Adoption Transforms Saudi Financial Services – Competition, Forecast & Opportunities to 2030

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