Connect with us

Blockchain

Nimrod Lehavi, the Founder of Simplex, Joins Locus Chain as an Advisor

Published

on

Locus Chain is a distributed data-storing system where the participators can freely add data. Recently, the company has made new recruitment by hiring Nimrod Lehavi, a former CEO of Simplex, as an advisor.

Seoul, South Korea–(Newsfile Corp. – November 3, 2022) – Locus Chain is a public blockchain platform that facilitates its users with scalability while maintaining decentralization. In the latest expansion, the company is pleased to announce that Nimrod Lehavi, founder and former CEO of Simplex, has joined Locus Chain as an advisor.

Nimrod Lehavi discovered the bitcoin white paper in 2011 and was instantly fascinated. Nimrod Lehavi has spent 15 years at Lehavi Solutions Software, tackling technical, business, and product difficulties for various unique and challenging enterprises and industries. He intended to buy Bitcoin when it was around $10 but found the purchase process to be somewhat tricky, so he created Simplex to address the issue. Since he made Simplex in 2014, he has been on the board of the Israeli Bitcoin Association and has managed the company as a market leader.

Regarding the on/off ramps for fiat currency, Israel-based Simplex is a market leader in cryptocurrency. It makes it possible for the cryptocurrency and conventional financial sectors to interact. More than 350 businesses, wallets, cryptocurrency exchanges, and applications use the Simplex platform, which is also a key participant in the Visa network and is used by Bitpay and Binance, the largest exchange in the space. Through the Simplex platform, partners can buy cryptocurrencies with Visa, Mastercard, debit cards, and direct bank transfers. The recent acquisition of Simplex by a publicly traded business cost an astounding $300 million.

Sang-Yoon Lee, CEO of Bloom Technology and developer of Locus Chain, expresses the new recruitment of his company,

Advertisement

We are very happy and excited to have Nimrod Lehavi as an advisor to Locus Chain. As a crypto expert, he has maintained a high reputation since the beginning of the blockchain industry and clearly recognizes the limitations of existing blockchain solutions. I believe that Nimrod Lehavi will help Locus Chain grow into the most reliable layer 1 blockchain.”

In response, Nimrod Lehavi stated,

“I think Locus Chain is a very special, and fundamental layer 1 blockchain among other various Layer 1 blockchain projects I have seen so far. It is a blockchain that is built by exceptional technical talent, enjoying complete decentralization and scalability at the same time. I am happy to participate as an advisor to Locus Chain, and I am looking forward to cooperation with Locus Chain.”

About Locus Chain
Locus Chain is a public blockchain protocol that provides complete decentralization and scalability. It is used in various NFT games and next-generation creator metaverse projects worldwide, with Nimrod Lehavi onboard. The company expects significant progress in the tasks running on Locus Chain.

About Nimrod Lehavi
Nimrod Lehavi earned a computer science degree from Israel’s Reichman University. He is a serial entrepreneur who created Lehavi Solutions and Simplex and was an advisor to other crypto and technology firms. His expertise and standing in the blockchain sector are anticipated to be crucial in helping Locus Chain build a variety of retail and financial ecosystems.

Advertisement

For further information, visit the following links:
Website: https://www.locuschain.com/
Telegram: https://t.me/locusofficial
Twitter: https://twitter.com/LocusChain

Contact: David Wang | Email: [email protected]

Locus Chain

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8703/143003_e233095714093898_001full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/143003

Advertisement

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.

Blockchain

Blocks & Headlines: Today in Blockchain – May 29, 2025 (Vaulta, Fosun, Signing Day Sports, Credit Unions, Gaming Innovations)

Published

on

blocks-&-headlines:-today-in-blockchain-–-may-29,-2025-(vaulta,-fosun,-signing-day-sports,-credit-unions,-gaming-innovations)

 

Welcome to Blocks & Headlines, your definitive daily briefing on the latest blockchain breakthroughs, cryptocurrency developments, and Web3 innovations. In today’s edition—May 29, 2025—we explore five pivotal stories shaping the decentralized economy:

  1. FT Analysis: Crypto Regulation and Institutional Adoption
  2. Signing Day Sports Seals Deal with Blockchain Digital Infrastructure
  3. Vaulta & Fosun Partner to Power Hong Kong’s Blockchain Backbone
  4. Transforming Online Gaming: Blockchain’s Next Frontier
  5. Credit Unions Embrace Blockchain for Trustworthy Financial Services

This op-ed–style roundup delivers concise yet insightful coverage, critical analysis, and expert opinion on each development’s relevance within the broader blockchain and cryptocurrency ecosystem.


1. FT Analysis: Crypto Regulation and Institutional Adoption

Overview. The Financial Times reports on evolving global regulatory landscapes and their impact on institutional cryptocurrency adoption. FT highlights how major funds and asset managers navigate compliance frameworks in the US, EU, and Asia to integrate digital assets into traditional portfolios.
Source: Financial Times

Detailed Analysis. As regulators across jurisdictions craft tailored guidelines—from MiCA in Europe to the SEC’s evolving crypto classifications in the US—institutions face a balancing act between innovation and compliance:

Advertisement
  • MiCA’s Market Integrity Measures: New EU rules mandate clear disclosures for stablecoin issuers and exchange operators, raising the bar for consumer protection.
  • SEC’s Custody Interpretations: Emerging guidance on digital asset custody models, including qualified custodians versus self-custody frameworks.
  • Asia’s Sandbox Approaches: Hong Kong and Singapore expand sandbox programs, offering controlled environments for DeFi and tokenization trials.

Opinion. Regulatory clarity is the linchpin for institutional inflows. While stringent frameworks may seem burdensome, they ultimately foster market confidence and prevent systemic risks. Asset managers should proactively engage with policymakers, leveraging sandbox insights to shape pragmatic, innovation-friendly regulations.


2. Signing Day Sports Seals Deal with Blockchain Digital Infrastructure

Overview. According to TradingView’s Reuters feed, Signing Day Sports has executed a definitive agreement to acquire Blockchain Digital Infrastructure, a profitable data-hosting specialist serving DeFi and NFT platforms.
Source: Reuters via TradingView

Detailed Analysis. The acquisition underscores the rising value of specialized blockchain infrastructure:

  • Scalable Data Nodes: Blockchain Digital Infrastructure operates 150+ high-throughput nodes, ensuring low-latency data delivery for real-time sports NFT drops.
  • Profitability Metrics: The company reported $32 million in EBITDA last fiscal year, highlighting sustainable revenue in a niche market.
  • Strategic Synergies: Signing Day Sports plans to integrate hosted nodes into its upcoming sports collectibles marketplace, guaranteeing seamless token minting during high-traffic events.

Opinion. In Web3, infrastructure is the invisible backbone. For NFT marketplaces and DeFi protocols, node reliability and data throughput directly impact user experience—and ultimately, revenue. This move positions Signing Day Sports to compete at scale, setting a precedent for vertical integration in blockchain hosting.


3. Vaulta & Fosun Partner to Power Hong Kong’s Blockchain Backbone

Overview. Coindesk reports that Vaulta, a leading digital asset platform, is teaming up with Fosun International to develop blockchain infrastructure for Hong Kong’s emerging crypto hub.
Source: CoinDesk

Detailed Analysis. The collaboration aims to build secure, high-performance rails for trading, custody, and tokenization:

  • Layer-1 Interoperability: Joint development of a cross-chain protocol connecting Ethereum, Binance Smart Chain, and local DLT frameworks.
  • Institutional Custody Solutions: Licensed trust entities under Fosun’s umbrella will offer insured cold-storage services for professional investors.
  • Regulatory Cooperation: Partnership includes a liaison with the Hong Kong SFC to ensure compliance with the new Virtual Assets Service Provider (VASP) regime.

Opinion. Asia remains a hotbed for blockchain innovation, but regulatory fragmentation poses hurdles. Vaulta’s alliance with Fosun exemplifies public-private synergy—combining local market expertise, financial strength, and technical know-how to anchor the city’s digital asset ambitions.


4. Transforming Online Gaming: Blockchain’s Next Frontier

Overview. TronWeekly examines how blockchain technologies—especially NFTs and decentralized marketplaces—are redefining online gaming economies.
Source: TronWeekly

Advertisement

Detailed Analysis. Key trends driving gaming’s blockchain revolution:

  • Play-to-Earn Economies: Games like Axie Infinity and emergent titles use tokenized rewards and NFT-based assets to create real-world value for players.
  • Decentralized Marketplaces: Platforms such as Enjin and Immutable X offer gas-free trading environments for in-game items, enhancing liquidity.
  • Cross-Game Asset Portability: Standards like ERC-1155 enable items to move seamlessly between compatible titles, fostering interoperability.

Opinion. Gaming is blockchain’s killer app. Beyond speculative hype, tokenization can democratize game economies, allowing genuine ownership and secondary markets. Developers must, however, tackle scalability and user onboarding frictions—layer-2 solutions and intuitive wallets are essential for mass adoption.


5. Credit Unions Embrace Blockchain for Trustworthy Financial Services

Overview. AP’s business coverage highlights several US credit unions piloting blockchain-based platforms to enhance transaction transparency, reduce settlement times, and cut cross-border remittance fees.
Source: AP News

Detailed Analysis. Examples of credit union blockchain pilots:

  • Consortium-Led DLT: A consortium of midwestern credit unions uses a permissioned Hyperledger Fabric network to settle inter-credit-union payments in near real-time.
  • Remittance Solutions: Deployment of Stellar-based rails reduces remittance costs by up to 60%, benefiting diaspora communities.
  • Member Identity Management: Verifiable credential systems streamline KYC processes, reducing onboarding time from days to hours.

Opinion. As community-focused institutions, credit unions can leverage blockchain to reassert their value proposition—offering cost-effective, transparent services that rival large banks and fintechs. Success will hinge on member education and seamless integration with legacy core banking systems.


Central Themes

Today’s dispatch reveals five core themes:

  1. Regulatory Engagement: From FT’s analysis to Hong Kong’s VASP regime, clear rules underpin institutional and retail growth.
  2. Infrastructure Control: Signing Day Sports’ acquisition and Vaulta’s Fosun partnership demonstrate the premium on reliable blockchain rails.
  3. Economic Innovation: Play-to-earn gaming and credit union pilots show tokenization’s real-world impact.
  4. Interoperability Focus: Cross-chain protocols and ERC-1155 standards drive seamless Web3 experiences.
  5. Market Confidence: Institutional adoption and compliance frameworks foster long-term trust.

 


Conclusion

In today’s Blocks & Headlines, we see blockchain’s evolution from experimental playground to enterprise-grade infrastructure: regulators clarify, institutions invest, communities adopt, and developers innovate. Whether you’re tracking regulatory shifts, infrastructure deals, gaming revolutions, or financial cooperatives, the decentralized ledger continues to reshape industries.

Advertisement

Join us tomorrow for Blocks & Headlines, where we continue to unpack blockchain’s latest breakthroughs—one block at a time.

 

The post Blocks & Headlines: Today in Blockchain – May 29, 2025 (Vaulta, Fosun, Signing Day Sports, Credit Unions, Gaming Innovations) appeared first on News, Events, Advertising Options.

Continue Reading

Blockchain

XDC Network Partners with Bitso Business to Power Cross-Border Payments from the U.S. to Mexico

Published

on

xdc-network-partners-with-bitso-business-to-power-cross-border-payments-from-the-us.-to-mexico
Continue Reading

Blockchain

XBIT DEX Exchange Reshapes the Crypto Trading Ecosystem with Ethereum’s Pectra Upgrade

Published

on

xbit-dex-exchange-reshapes-the-crypto-trading-ecosystem-with-ethereum’s-pectra-upgrade
Continue Reading
Advertisement
 title=

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE