Blockchain
WonderFi Announces Strategic Investments in Solana Ecosystem and FTX
Vancouver, British Columbia–(Newsfile Corp. – November 8, 2021) – WonderFi Technologies Inc. (NEO: WNDR) (OTC Pink: WONDF) (WKN: A3C166) (the “Company” or “WonderFi“) today announced its investment in the Solana ecosystem through the Incentive Ecosystem Foundation, which includes Solana and Serum as the two largest weighted assets.
Solana is a high performance programmable blockchain capable of executing up to 50,000 transactions per second, and is directly competing with Ethereum for dominance in decentralized finance (“DeFi“), gaming, payments, and more. WonderFi’s investment and participation in the rapidly growing Solana ecosystem aligns with the Company’s focus on bringing access to the best of DeFi through strategic investments and partnerships.
Serum, a non-custodial decentralized exchange operating on the Solana blockchain, was created by FTX, Alamada Research, and several other partners through the Serum Foundation.
“WonderFi’s investment in the Solana ecosystem furthers our mission of making finance more accessible and will provide exposure to one of the fastest growing segments of DeFi,” said WonderFi CEO, Ben Samaroo. “Further, we are thrilled to continue working with Sam Bankman-Fried as we are aligned in our vision and future of crypto and decentralized finance.”
WonderFi also invested alongside Ontario Teachers’ Pension Plan Board, Temasek, Sequoia Capital and 65 other investors in the US$420M Series B-1 round of FTX Trading Ltd. (“FTX“), the global cryptocurrency company founded by Sam Bankman-Fried, a strategic investor in WonderFi. WonderFi’s investments in the Incentive Ecosystem Foundation and FTX totaled $1M USD.
Additional Information
For additional information, please contact:
WonderFi Technologies Inc.
Ben Samaroo, CEO
[email protected]
(778) 843-9637
Investor Relations Contact: [email protected]
Media Contact: [email protected]
ABOUT WONDERFI
WonderFi is a leading technology company with the mission of creating better access to DeFi through the core principles of simplicity and education. WonderFi has a multi-pronged business strategy which includes a high-growth consumer finance app which will serve as a trusted gateway to the new financial system, and a digital asset portfolio which consists of leading crypto and DeFi assets. WonderFi’s executive team and Board of Directors have an established track record in finance and crypto, with previous experience at Amazon, Shopify, PayPal, Galaxy Digital, Hut 8 and BIGG Digital. WonderFi’s core team of engineers and technologists believe that everyone should have equal access to finance, and are aligned in the mission to empower people around the world to access DeFi in a simple, smart and secure way. For more information, visit www.wonder.fi.
Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: the ability of the Company to work effectively with strategic investors; and changes in general economic, business and political conditions, including changes in the financial markets, changes in applicable laws, and compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
Neither NEO Exchange nor its Regulation Services Provider (as that term is defined in policies of the NEO Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Blockchain
World Chess and the Algorand Foundation propose leveling the playing field with a “chess passport”

In a whitepaper published today, World Chess (LSE: CHSS) and the Algorand Foundation (ALGO) conceptualize a new blockchain-based system that would establish secure, private, and verifiable credentials for global sports organizations, including chess. Grandmaster Evgenij Miroshnichenko contributed to the paper alongside the Algorand Foundation and World Chess.
The move comes as interest in chess hits a new high, driven by popular television series on Netflix and the BBC, the 2024 awarding of the youngest-ever world chess champion, and the inclusion of chess for the first time in the Esports World Cup later this year.
If adopted, the system would allow chess players to independently manage their identity and credentials across all chess platforms and organizations with a single decentralized ID, and one login credential for everywhere they play. They could then easily “port” their identity, achievements, records of play, rankings, and rewards across online chess platforms, as well as seamlessly from the digital world to in-person games and tournaments. This provides them with a much easier way to prove their identity, no matter their status or documentation; it would also reduce tournament application times significantly. Chess organizations would then be able to welcome even more players to their competitions, including those who have built their chess career solely online, as well as players who have previously only competed in tournaments held by other organizations.
Among other benefits, the adoption of a “global chess passport” would make it much easier for organizers and chess clubs and federations alike to onboard and register players, both online and offline.
Another benefit of the proposed system is to safeguard fair play. As chess becomes increasingly integrated into e-sports and online competitions, the use of AI programs or player fraud (one player representing another) is an increasing concern. Being able to confirm player integrity (including whether they have been banned for cheating on any other platform) ensures credibility of chess contests and competitions. These verifiable credentials also preserve player privacy. They can be used to confirm player eligibility and relevant identity data without providing access to sensitive documentation, such as passports. Finally, identity verification also prevents fraud in tournament payouts. Phishing and other attempts to steal winnings are on the rise; this ensures only the rightful winner can access their prize funds.
“I think that chess needs its version of the global e-version of drivers license. It’s a global game, and using blockchain for the benefit of having one universal independently verifiable ID is something that both players and organizers will certainly benefit from,” says Ilya Merenzon, CEO of World Chess.
“This initiative is not just about chess; it’s about the future of fair play and verifiable achievement across all sports and esports,” said Bruno Martins, principal architect at the Algorand Foundation and co-author of the whitepaper. “Chess has a rich history of proving the usefulness of new technologies. In this case, World Chess is showing the integrity, privacy, and portability of records in any competitive arena is not only possible – it’s in the best interest of every player, everywhere.”
Statista estimates that the market for esports should reach $4.8 billion in 2025, with nearly 900 million players by 2029 (source), all of which could benefit from better cross-platform registration for online and in-person competitions.
The full whitepaper and more information about the proposed open-source system can be found here. Chess platforms, esports organizations and other parties interested in contributing to the project can get involved by contacting [email protected].
The post World Chess and the Algorand Foundation propose leveling the playing field with a “chess passport” appeared first on News, Events, Advertising Options.
Blockchain
Blaqclouds Board Approves 30-Day Revenue Acceleration and Ecosystem Monetization Plan
Blockchain
Blocks & Headlines: Today in Blockchain – April 23, 2025 – EDPB, Binance, MicroCloud, Nile Coin, TruaBroker

Welcome to Blocks & Headlines, your daily op-ed–style briefing on the most significant developments in blockchain technology and the cryptocurrency industry. Today’s dispatch spotlights landmark privacy guidelines from the European Data Protection Board, Malaysia’s engagement with Binance’s founder to turbocharge digital finance, a groundbreaking blockchain reconstruction solution from MicroCloud Hologram, the impending launch of Nile Coin on Solana by Hyperscale Data’s subsidiary BitNile.com, and Trua’s AI-driven TruaBroker compliance platform. These stories underscore how regulation, infrastructure innovation, token launches, and compliance automation are shaping Web3’s next chapter.
1. EU’s Privacy Guardrails: EDPB Proposes Blockchain Data Access Guidelines
Source: Decrypt
The European Data Protection Board (EDPB) has published draft guidelines aimed at reconciling blockchain’s immutable architecture with GDPR’s privacy mandates. Key directives include avoiding on-chain storage of personal data when it conflicts with Data Protection by Design and by Default, conducting Data Protection Impact Assessments (DPIAs) for high-risk processing, and implementing organizational and technical measures to limit default data access to an “indefinite number of persons” Decrypt.
Op-Ed Insight:These guidelines mark a pivotal moment. By mandating privacy-by-design and off-chain anchoring of sensitive information, the EDPB effectively pressures projects to adopt hybrid architectures—where on-chain transparency coexists with off-chain confidentiality. While defenders of pure decentralization decry potential censorship, privacy advocates hail these guardrails as essential to prevent authoritarian misuse of immutable ledgers. Ultimately, projects that bake data protection into their smart contracts and storage layers will secure both regulatory compliance and user trust.
2. Malaysia Taps Binance’s CZ for a Blockchain Finance Overhaul
Source: Bitcoin News
Malaysian Prime Minister Anwar Ibrahim has initiated high-level discussions with Changpeng Zhao (CZ), Binance’s founder and former CEO, to position Malaysia as Southeast Asia’s preeminent hub for tokenization and digital finance. The dialogue focuses on leveraging blockchain to modernize capital markets, streamline cross-border payments, and foster regulatory sandboxes that attract global Web3 startups Beamstart.
Op-Ed Insight: Engaging CZ signals Malaysia’s ambition to leapfrog legacy financial architectures by importing Binance’s exchange expertise and compliance playbooks. Yet success hinges on crafting balanced regulations that encourage innovation without compromising investor protection. If Malaysia can marry CZ’s technical insights with proactive oversight—such as clear licensing pathways for decentralized exchanges—it could catalyze a shift in regional capital flows from traditional finance hubs like Singapore to Kuala Lumpur.
3. MicroCloud Hologram’s VSS-Powered Blockchain Reconstruction Solution
Source: PR Newswire
MicroCloud Hologram Inc. (NASDAQ: HOLO) unveiled an innovative blockchain reconstruction solution that employs Verifiable Secret Sharing (VSS) technology to split and distribute private key shares across distributed nodes. Four core components—VSS-based key sharding, redundant node storage, dynamic participant verification, and incentive-driven reward/penalty mechanisms—enable rapid, trustless restoration of blockchain data integrity following attacks or node failures PR Newswire.
Op-Ed Insight: As DeFi and on-chain finance proliferate, uninterrupted availability and data consistency have become paramount. MicroCloud’s VSS approach transforms reconstruction from a centralized recovery process into a decentralized protocol, minimizing reliance on any single custodian. This paradigm could redefine disaster-recovery benchmarks: imagine an exploited smart contract whose state is instantly rebuilt through pre-sharded secrets, preserving transactional continuity without manual key escrow.
4. BitNile.com to Launch Nile Coin on Solana Blockchain
Source: GlobeNewswire
Hyperscale Data, Inc. (NYSE American: GPUS) announced that its social gaming subsidiary BitNile.com will launch Nile Coin on Solana on May 1, 2025. Solana’s high throughput and low fees position it as an optimal platform for BitNile’s gaming ecosystems, where Nile Coin will fuel in-game economies, reward completions, and facilitate peer-to-peer transactions. Further details on tokenomics and utility are expected in the coming weeks GlobeNewswire.
Op-Ed Insight: While new token launches are ubiquitous, Nile Coin’s Solana-native design leverages one of the fastest blockchains for scalable micro-transactions—a critical requirement for social gaming. Success will depend on robust token utility, partnership integrations, and community incentives. If BitNile.com can embed Nile Coin across multiple entertainment verticals (e-sports, virtual concerts, NFTs), it could ignite a network-effect flywheel, bolstering both user engagement and on-chain liquidity.
5. TruaBroker: Automating Compliance with AI-Powered Trust Credentials
Source: PR Newswire (via Benzinga)
Trua, a leader in digital trust credentials, launched TruaBroker, a cloud-based platform that automates compliance for broker-dealers and Registered Investment Advisors. Built on Trua’s patented Continuous Evaluation engine, TruaBroker delivers real-time monitoring of FINRA, SEC, and NFA records; identity verification; and continuous credential checks—all without IT integration. Its AI algorithms flag licensing gaps, disciplinary histories, and civil actions, enabling firms to maintain audit readiness and mitigate risk proactively Benzinga.
Op-Ed Insight: In an era when on-chain transactions intersect with regulated financial activities, seamless compliance is non-negotiable. TruaBroker’s model—issuing reusable, verifiable digital credentials anchored by blockchain—offers a blueprint for how KYC/AML processes can evolve into dynamic, trustless workflows. As DeFi platforms eye tokenized securities and on-ramps, integrating similar continuous-evaluation mechanics could become a competitive differentiator, blending self-sovereign identity with regulatory assurance.
Conclusion
Today’s headlines illustrate blockchain’s multifaceted evolution: from regulatory frameworks enforcing privacy and consumer rights, to infrastructure innovations that ensure resilience; from national strategies enlisting industry titans to drive tokenization, to platform launches forging new digital economies; and from compliance automation transforming institutional trust to AI-powered credentialing.
As the space matures, successful projects will be those that:
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Embed privacy and compliance by design—aligning with GDPR and global regulations.
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Invest in self-healing architectures—leveraging cryptographic primitives like VSS.
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Cultivate vibrant token ecosystems—anchored on high-performance chains.
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Adopt continuous, AI-driven governance—bridging the gap between Web3 innovation and traditional financial oversight.
Stay tuned to Blocks & Headlines for incisive commentary and daily updates on the blockchain stories that shape tomorrow’s decentralized future.
The post Blocks & Headlines: Today in Blockchain – April 23, 2025 – EDPB, Binance, MicroCloud, Nile Coin, TruaBroker appeared first on News, Events, Advertising Options.
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