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.
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“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 – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation
Blockchain’s metamorphosis from niche ledger technology to the backbone of Web3 has never been more evident. Today, we cover five stories that illustrate the evolving ecosystem: a gaming platform issuing its own token on Solana; Europe’s marquee Web3 summit; a major bank forecasting a “ChatGPT moment” for blockchain; a Southeast Asian conference aimed at busting crypto myths; and a foundation rebuilding blockchain from the ground up to solve scalability. Each development—whether product launch, industry gathering, macro forecast, educational initiative, or infrastructure innovation—offers a window into the trends shaping decentralized finance, NFTs, DeFi, and beyond.
1. BitNile.com to Launch Nile Coin on Solana
News Summary
Hyperscale Data’s subsidiary BitNile.com will introduce the Nile Coin on Solana starting May 1, 2025. The U.S.–based social gaming site chose Solana for its high throughput and low fees, aiming to enhance in-game economies, reward engagement, and deliver seamless micro-transactions. Details on tokenomics and governance are forthcoming, but management touts Nile Coin as a cornerstone of future gaming experiences.
Source: CoinTrus
Analysis & Commentary
Launching a proprietary token underscores two converging trends: the gamification of finance and finance-ification of gaming. By minting Nile Coin, BitNile.com taps into DeFi mechanics—staking, liquidity pools, NFT rewards—while leveraging Solana’s scalability. Strategically, BitNile.com positions itself for partnerships with NFT marketplaces and DeFi protocols, potentially opening secondary markets for in-game assets and generating new revenue streams beyond ad sales or subscription fees.
2. Dutch Blockchain Week 2025 Gears Up in Amsterdam
News Summary
From May 19–25, Amsterdam will host the sixth annual Dutch Blockchain Week, culminating in the two-day summit (May 21–22) at De Meervaart. Tier 1 exchanges (Bitvavo, Kraken, Coinbase), Web3 pioneers (WOW.ai, Blockrise), regulators (European Commission, De Nederlandsche Bank), and industry partners (Mastercard, Deloitte) will convene. Side events range from AI-powered hackathons tackling compliance to padel networking meetups—underscoring the event’s blend of technology, policy, and community.
Source: Dutch Blockchain Week
Analysis & Commentary
Dutch Blockchain Week typifies the maturation of blockchain conferences into multidisciplinary forums. Beyond token talk and yield farming, panels on regulation, institutional adoption, and security reflect Web3’s integration into mainstream finance. Anticipate announcements on CBDC pilots, DeFi compliance frameworks, and cross-chain interoperability projects that may emerge from the Block & Order Hackathon.
3. Citigroup Predicts Blockchain’s “ChatGPT Moment”
News Summary
In an April 23 report, Citigroup analysts argue that 2025 could be blockchain’s “ChatGPT moment,” driven by regulatory clarity around stablecoins and integration with traditional financial systems. They forecast stablecoin market capitalization ballooning to $1.6 trillion (base case) or as much as $3.7 trillion (bull case) by 2030—anchored by dollar-denominated issuers and collateralized with U.S. Treasuries. Regulatory frameworks like the GENIUS Act could catalyze adoption among banks and fintechs.
Source: Cointelegraph
Analysis & Commentary
Drawing parallels to generative AI’s explosive growth, Citigroup envisions a tipping point where blockchain moves from experimental to essential infrastructure. Successful integration will hinge on robust compliance tools, auditability, and clear governance models. Enterprise blockchain vendors should prepare for surging demand in tokenized payments, on-chain settlements, and embedded DeFi rails within legacy systems.
4. Philippine Blockchain Week 2025 Debunks Crypto Myths
News Summary
Scheduled for June 10–11 at SMX Convention Center Manila, Philippine Blockchain Week (PBW) 2025 will tackle misinformation and spotlight real-world use cases. Highlights include “Crypto, Unpacked” sessions demystifying the technology; “Smart Regulation” panels uniting policymakers and innovators; and “Blockchain for Impact” showcases on remittances, disaster relief, and digital identity. Founding President Donald Lim emphasizes government support and public–private collaboration to spur inclusive growth.
Source: UseTheBitcoin
Analysis & Commentary
PBW exemplifies how emerging markets leverage education to accelerate Web3 adoption responsibly. By engaging regulators early, PBW can shape balanced frameworks that encourage innovation while protecting consumers—an instructive model for markets wrestling with both hype and skepticism.
5. D.O.G.E Foundation Launches New Blockchain, Opens Seed Round
News Summary
The D.O.G.E Foundation announced a ground-up blockchain rebuild designed to solve the scalability and reliability challenges plaguing existing networks. This modular architecture separates validation from execution to enable parallel transaction processing—targeting real-time gaming, DeFi under high load, and AI-driven applications. A seed funding round is now open to investors who share the vision of a performant, decentralized infrastructure.
Source: D.O.G.E Altcoin GlobeNewswire
Analysis & Commentary
As layer-1 congestion and high gas fees persist, new entrants must justify a “why now” with clear architectural advantages. If the D.O.G.E blockchain delivers real-world throughput and maintains decentralization, it could spur a renaissance of high-performance DeFi protocols and NFT platforms hungry for cost-effective base layers.
Conclusion & Key Takeaways
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Tokenization of Entertainment: BitNile’s Nile Coin on Solana highlights blockchain’s expansion into gaming economies and NFT reward systems.
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Convergence of Tech, Policy & Community: Dutch Blockchain Week showcases Web3’s evolution into an ecosystem engaging regulators, enterprises, and developers under one roof.
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Mainstream Inflection Point: Citigroup’s “ChatGPT moment” thesis suggests blockchain is poised for exponential adoption given regulatory support.
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Education as Catalyst: Philippine Blockchain Week’s myth-busting curriculum underscores the importance of public–private dialogue in emerging markets.
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Infrastructure Innovation: The D.O.G.E Foundation’s modular, high-throughput chain exemplifies the next wave of layer-1 networks addressing real-time, real-world use cases.
Today’s stories convey that blockchain’s next chapter will be written through strategic token launches, global convenings, regulatory clarity, educational outreach, and radical infrastructure redesign. By tracking these threads, industry participants can anticipate opportunities in DeFi, NFTs, Web3 games, and enterprise integration. Stay tuned for tomorrow’s Blocks & Headlines, where we’ll continue to decode the innovations shaping decentralized finance.
The post Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation appeared first on News, Events, Advertising Options.
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