Blockchain
SKYBIT Will Use Blockchain Technology to Help to Achieve the United Nations Sustainable Development Goals
Singapore–(Newsfile Corp. – October 26, 2021) – SKYBIT International is a social enterprise based in Singapore that applies blockchain technology to provide a modern financial bridge between emerging nations in Southeast Asia and the rest of the world. The SKYBIT ecosystem of products and services curates gap-filling opportunities for inclusive growth development for the people, businesses and industries of Southeast Asia. For those eligible for bank accounts, the difficulties of sending money through the traditional banking system, now coupled with the pandemic, has isolated people and businesses in Southeast Asia from the rest of the world, hindering progress and development in the region. SKYBIT is building the foundation for an inclusive and innovative digital industry.
The United Nations Sustainable Development Goals would also be addressed indirectly by SKYBIT. One immediately available benefit is facilitating more donations to aid organizations in South East Asia who are all working to address a variety of Sustainable Development Goals. Aid organizations of any size can now receive donations from anyone anywhere in the world instead of just local donors who may not have much money to give. This will allow them to have more resources to help the neediest and collectively make progress in achieving the Sustainable Development Goals.
The Earthshot Prize (UK) launched in 2020 by The Royal Foundation and Prince William, Duke of Cambridge, would also be addressed. The Royal Foundation addresses pressing environmental and conservation crises by bringing together environmentalists, businesses, global leaders, and NGOs to find solutions. The Earthshot Prize aims to find new solutions that work on every level, have a positive effect on environmental change and improve living standards globally, particularly for communities who are most at risk from climate change. Through SKYBIT developments, they mission towards making a difference.
SKYBIT uses digital assets that flow freely on the Internet regardless of country borders. Easing the flow of monetary value will open up multiple opportunities for Southeast Asian countries, in line with national development plans, United Nation’s Sustainable Development Goals and the Earthshot. This will continue the fight started by the Millennium Development Goals against extreme poverty, and add targets relating to inclusive growth and environmental sustainability. All of this will assist to make progress on poverty reduction, disease control, and increased access to schooling and infrastructure in the poorest countries in South East Asia.
SKYBIT’s international payment processor and marketplace will allow businesses of any size, across Southeast Asia to earn income by offering goods and services to international customers and easily receive payment in local currency. In particular, people in rural areas who produce ethnic arts and crafts can now target an international market rather than only a relatively limited number of tourists passing by their physical stall. SKYBIT has signed a memorandum of understanding with Frontier Technology Partners to work with Entrepreneurs to assist ethnic minorities to use the SKYBIT platform. Giving people across South East Asia an opportunity to earn a new income stream, helping to alleviate poverty.
SKYBIT has done the groundwork for the upcoming paradigm shift of individual empowerment through freely flowing global value exchange. They have the potential to revolutionize entire industries and even create new ones in South East Asia. This will help to economically strengthen the region and in turn, raise the standard of living for people within these areas.
Next… lookout for SKYBIT NFT which is being launched soon!
For more information please visit the website. www.skybit.asia or join the SKYBIT telegram channel: https://t.me/SKYBITASIA you can also follow them on Twitter: https://twitter.com/SKYBITASIA
Media Contact –
SKYBIT ASIA
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100882
Blockchain
Ebang International Reports Financial Results for Fiscal Year 2023
Blockchain
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
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