Blockchain
The TRON Grand Hackathon 2022 Announces First List of New Partners Joining the Permanent Judging Panel for Season 2
Geneva, Switzerland–(Newsfile Corp. – June 17, 2022) – TRON DAO and BitTorrent Chain (BTTC) are thrilled to announce Mirana, Binance Custody, FalconX, Bittrex Global, APENFT Marketplace, Voxels, Tacen, Ankr, Velas, SwissBorg Ventures, and the lead author of the ERC-721 Standard, William Entriken, as partners and judges for the TRON Grand Hackathon 2022, Season 2. They will be joining the permanent judging panel alongside the event’s highly esteemed partners from Season 1.
Image source: Tron
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The partners will serve on the distinguished panel as judges for the Hackathon Season 2 projects built on TRON or BTTC. In addition, each of the partners may consider individual grants for projects that display growth potential. Winning projects may have the chance to work with the Company’s partners on potential future listings and may be invited to integrate with some of their blockchains.
Meet the Partners and Judges
Mirana
Sean Tan is the Head of Asset Management at Mirana Asset Management, a venture, trading, and asset management firm which currently manages one of the largest proprietary digital asset portfolios globally. Previously, he was a Portfolio Manager at Tower Research Capital and contributed to its high-frequency cryptocurrency trading business.
Binance Custody
Cathy Yu, Head of Binance Custody, is also joining the judging panel. Binance Custody is an institutional-grade custody platform, regulated, insured, and integrated with the Binance ecosystem, all backed by an advanced and proven security structure. Cathy has extensive experience in the banking industry; she previously specialized in cross-border payments and global OTC trading. She has been leveraging her traditional finance background to serve the crypto industry since 2017.
FalconX
David Streltsoff, Senior Sales Executive is representing FalconX on the panel for Season 2. FalconX is a reliable Institutional Crypto Trading Platform built for financial institutions. Restructuring business processes and pioneering sales/marketing strategies are Davids’s core areas of expertise. As a seasoned sales/business development leader, he carries a solid history of building and leading teams, overachieving quota, re-establishing business vision, and tapping into new markets.
Bittrex Global
Chris Sinkey from Bittrex Global is the Listing Director and Chief Business Officer. Bittrex Global operates as a US-based blockchain digital asset trading platform designed for customers who demand lightning-fast trade execution, dependable digital wallets, and industry-leading security practices.
APENFT Marketplace
Sydney Xiong, the Director of APENFT Foundation, will also be joining the panel. APENFT Marketplace is a multichain NFT trading platform built on BSC, TRON, and Ethereum layer-1 protocols with BTFS decentralized storage and made interoperable via BitTorrent Chain. They are also the official supporter of the NFT track for the Season 2 of The TRON Grand Hackathon. In addition to managing art collections of APENFT, Sydney initiated the “Second Life” Art Dream Fund and APENFT GameFi Hackathon, curated Digital Wanderlust NFT shows, led the team to make investments in more than 20 NFT and metaverse projects, and recently launched APENFT Marketplace.
Voxels
Charles Karpati, a Software Developer for the Voxels metaverse is representing Cryptooxels, a virtual world, and metaverse powered by the Ethereum blockchain. In his current role, Charles helps create new features for landowners to build their properties with, addresses bugs, steadily improves the user interface, and serves as a point of communication between the team and user base.
Tacen
Clarence Liu, the Co-Founder and Chief Strategy Officer of Tacen, one of the leaders in crypto compliance, is also joining the illustrious panel. As a technical expert in blockchain with over five years of experience on the road advocating for blockchain adoption, Clarence continues to push the frontiers of blockchain technology and governance at Tacen.
Ankr
Also on the panel is Gregory Gopman, CMO at Ankr, a decentralized Web3 infrastructure provider that helps developers, decentralized applications, and stakers interact easily with an array of blockchains. Gregory is also the CEO at Mewn Marketing and co-Founder of Akash Network. He has spent 15 years in startups, 10 years in Silicon Valley, and five years in Web3.
Velas
Farhad Shagulyamov, CEO of Velas, a next-generation blockchain ecosystem project that implements an AI-powered Delegated Proof-of-Stake (AIDPOS) consensus mechanism for improved scalability, high security, and interoperability. Farhad’s path to the blockchain niche started in 2016 when he became a cryptocurrency investor and started a technology company in China. This invaluable experience allowed him to make a considerable contribution to developing the idea of Velas and establishing the project.
SwissBorg
SwissBorg Ventures takes a vertical-agnostic approach to investing on behalf of SwissBorg in the most promising early-stage blockchain projects. They focus on empowering founders with the capital and expertise to build and scale the next generation of Web3 applications.
The event also welcomes José Fernando Pereira, an Investment Analyst at SwissBorg Ventures with experience in early-stage investments, particularly looking at tokenomics frameworks and their integration into sustainable business models.
ERC721 Standard
Lastly, joining the event is William Entriken, lead author of the ERC-721 Standard, General Manager at Pacific Medical Training, and Advisor at Arianee, Area world.
As part of the Hackathon, the event will be hosting a few of the judges and partners on the Around the Block podcast series, streamed live on the TRON DAO YouTube channel and on DLive Protocol (the truly decentralized live streaming platform).
For eligibility, rules, criteria, and further details, please visit the TRON DAO Forum, TRON.Devpost.com/rules, and TRONDAO.org/hackathon.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2022, it has over 98 million total user accounts on the blockchain, more than 3.3 billion total transactions, and over $8.7 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
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Media Contact
Alexis Schreiber
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/128142
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
Blockchain
Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest
Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.
The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.
While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.
Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.
A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.
Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.
Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.
Source: cryptonews.com
The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.
Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.
According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.
The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.
ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.
In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.
While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.
Source: iclg.com
The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.
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