Blockchain
New LBANK token LIVE CRYPTO PARTY (LCP) launches educational program, in partnership with the National Orientation Agency of Nigeria
Salt Lake City, Utah–(Newsfile Corp. – August 22, 2022) – The National Orientation Agency (NOA) of Nigeria has entered into an official partnership with Live Crypto Party (LCP) for youth education, empowerment, value re-orientation, skills acquisition, mentorship and advocacy program.
Figure 1
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The aim is to leverage cutting-edge technology and blockchain, as well as edutainment approaches, to expose youths to global opportunities and empower them with tools and resources to become self-sufficient. In an attempt to address lack of jobs, internet misuse, cultism, drug addiction, and other heinous acts that jeopardise national security, peace, and order. NOA Director Dr. Garba Abari believes that this initiative will be an excellent first step towards addressing these issues.
As part of the NOA’s mandate to consistently raise awareness, values and behaviours, they set out to mobilise citizens acting in ways that promote peace and harmony. The NOA will work closely with IO Technologies in Nigeria, a Live Crypto Party subsidiary, throughout the execution of this project, which will begin this August, 2022.
Roseline Ebunobi, the CEO of IO Technologies and the founder of Live Crypto Party, believes that in order to fix the challenges we face in Nigeria, we must first address the root cause. She goes on to add that poverty, lack of information and resources, peer pressure, low self-esteem, alcohol and drug abuse are all factors that contribute to criminal behaviour. According to Premium Times, poverty toll will increase from 40.1 t0 42.6 by 2022 which is about 95.1 million Nigerians. Unfortunately, the poor communities are more vulnerable to antisocial behaviour than any other group, and they are often tempted to make bad decisions in order to survive.
Nigeria has a population of more than 200 million people, and we recognise that reaching such a large number of people will require significant investment.
The initiative will be implemented in badges, starting with a small group of 10,000 changemakers selected from communities across Nigeria’s 36 states. Beneficiaries will receive a certificate of completion which will be issued on the blockchain at the end of each educational segment, as well as LCP tokens as a form of Grant, so that they do not rely on handouts to meet their basic needs.
Over one million participants are expected to be trained in 36 states since all beneficiaries will be given the resources and the platform to impact 100 people in their community with the knowledge and skills they have gained and the cycle continues.
About Live Crypto Party (LCP)
Live Crypto Party (LCP) is a Party-to-Earn metaverse and event platform that promotes crypto adoption through edutainment activities. During these events, users can earn NFTs and cryptocurrencies such as BNB, BUSD, and the utility token LCP while having fun both online and offline, vibing to music, voting for the day’s currency, and engaging in other entertaining activities within the ecosystem.
On August 2, 2022, its native token LCP was listed on LBank Exchange and is paired with USDT. Anyone can easily trade LCP on LBank. The goal is to expand its global reach and achieve its objectives and vision. The real-time price of Live Crypto Party (LCP) can be found on Coinmarketcap.
Media Contact “en-gb”>
Austin Chris
Email: [email protected]
Learn More about Live Crypto Party (LCP):
Official Website: https://www.livecryptoparty.com/
Telegram: https://t.me/livecryptopartychat
Twitter: https://twitter.com/Livecryptoparty
Instagram: https://www.instagram.com/livecryptoparty/
Facebook: https://www.facebook.com/livecryptoparty
YouTube: https://www.youtube.com/c/LiveCryptoParty
Discord: https://discord.com/invite/YbKczGGQeg
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134208
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.
Blockchain
ASIC cracks down on blockchain mining firms
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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