Blockchain
DRONEFLY, a Project By KYON Inc, completes the Development of Flight Trackers
KYON Corporation (project “DRONEFLY”) has completed its development of “Flight Tracker” system, which gathers flight information of drones including flight time, speed, location, and flight route.
DRONEFLY, a blockchain project developed for managing flight experience verification, has announced that the project has completed its development of Flight Tracker–RFI device that collects real-time flight information–on the day of the press release. Flight Tracker is one of the businesses in “Blockchain-based Flight Information Verification System Development,” which is led by the “Land, Infrastructure and Transport Technology Promotion Research Project.” This development of the beta version of this device has been completed in the 2nd Quarter of 2021. On the 11th of August, demonstration performance of the device was completed and optimization and final product was completed on 18th of August. AI and Blockchain-based real-time tracking and flight experience verification systems will be added to the device in the near future.
Flight Tracker was developed with the help of the Ministry of Land, Infrastructure and Transport, which took 12 months for development. Verification of flight experience and flight career has always been a problem; however, thanks to Flight Tracker, verification issue is not a problem anymore. By mounting a Flight Tracker device to drones, gathered information is encrypted and integrated with the blockchain system, which will make tampering nearly impossible. Therefore, the flight experience information of the drones provided by this system have become reliable.
An official from the DRONEFLY project has quoted, “Flight Tracker will become the black box for drones; within 2-3 years, we expect mounting Flight Trackers to all drones to become mandatory. We will grow into the core of the 4th industrial revolution by cooperating with the domestic and overseas drone developer and drone institutes.”
The DRONEFLY team has built four different types of business platforms on the basis of KDMS participation and reward system. The portal website of these platform services is called SKYWORK and the services are namely – Education Matching Platform, Job Matching Platform, Market platform and Sharing Platform with rental services. These business aids are organically connected to one another and will enable the team to embrace diverse demands related to drones.
Other than its incredible drone-related business assistance, the platform also has devised it’s token model in such a way that all participants can easily remain active and earn rewards in various ways. DRONEFLY is to be used as a basic medium of exchange within the DRONEFLY ecosystem. It is listed on the cryptocurrency markets, and can be used as a store of value. DRONEFLY token is constantly used and recycled within the ecosystem.
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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