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Blockchain Game Splinterlands Lists on Major Cryptocurrency Exchange Huobi

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Media, Pennsylvania–(Newsfile Corp. – August 1, 2022) – Splinterlands, the worldwide leading blockchain game, has announced that its token, Splintershards ($SPS), will now be listed on Huobi ($HT), one of the foremost cryptocurrency exchanges in the world.

Huobi sees daily trade volumes in the billions worth of $USD equivalent. Servicing a global audience, it offers significant exposure to a broad user base for blockchain projects listed on the exchange.

Splinterlands CEO Jesse “Aggroed” Reich notes the listing as a milestone event for the company.

“I’m thrilled to see us partnering with Huobi as we expand further into the Web 3.0 space,” he said. “It’s an exciting time to be involved in blockchain gaming, especially with so much enthusiasm around the world being shown for the gaming vertical.”

The announcement comes on the heels of a series of successes for the company, including multiple other exchange listings of the token earlier in 2022, a milestone of 2 billion battles played, and continued user growth and retention despite the challenges of the cryptocurrency market at large. Following the listing, Splinterlands is expected to see ongoing growth into a worldwide audience.

About Splinterlands:

In 2018, friends Jesse Reich and Matt Rosen together founded the now prolific fantasy-based collectible card trading game, Splinterlands. The company leads the market in Web 3.0 gaming, and is set for rapid upcoming expansion within both the cryptocurrency space and the mainstream gaming industry. Sitting at 2.4M+ users and growing by the day, the game’s nearly 1M active wallets, its billions of battles played, and its multi-million daily blockchain transactions speak to a committed community base of players and investors. Splinterlands allows its users to trade and collect cards they can truly own in ways unique to cryptocurrency gaming, alongside winning real rewards on the platform. The game’s community operates in 10 languages and boasts users from 149 countries.

Media contact:
Antonella Eljach
Lunapr.io
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132141

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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THXLAB and IZUTSUYA Announce Strategic Partnership

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OZANK Joins Forces with RevoluGROUP to Enhance Global Payment Infrastructure

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Blockchain

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

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Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.

Source: coingeek.com

The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

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