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
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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