Blockchain
US Senate Candidate Shannon Bray Becomes Official Brand Ambassador of WPT Token ($WPT), the First Project in Cryptocurrency to Partner with American Corporate Finance
New York, New York–(Newsfile Corp. – December 23, 2022) – WPT Investing Corporation (WPT) announces Libertarian party Senate candidate, Shannon Bray, as official Brand Ambassador. Shannon is a crypto-friendly politician, author, U.S. Navy Veteran, and former cybersecurity analyst at the U.S. Department of Defense.
“Shannon shares in our long-term vision of bringing legitimacy to the crypto space and regulated projects like ours,” said WPT CEO, Jonathan Menjivar. “Our token is the first venture to bridge the gap between corporate finance and the Blockchain.”
WPT is a fully incorporated Class C corporation in the state of New York. CEO, Jonathan Menjivar, is a registered business consultant in New York with over 20 years of financial experience. COO, Nahla Kamaluddin, is a licensed attorney and serves an active role as legal counsel. WPT is in the process of applying for a Money Transmitter License to further legitimize the operation and bring the power of cryptocurrency to investors and businesses alike.
“I am pleased to join WPT and their long-term vision of bringing legitimacy to blockchain,” said Shannon Bray. “This is a perfect partnership because only regulated crypto projects will likely remain in the future.”
$WPT launched in July on the Ethereum Blockchain as the first cryptocurrency to partner with the corporate world and Blockchain through a proprietary Decentralized Application, starting with prime Merchant Cash Advance (MCA) lenders. By syndicating their treasury tax-earned funds to MCAs, $WPT injects up to 20% of ROI back into their ecosystem. Their ecosystem and the utility they provide is one-of-a-kind and sets them apart from any other token on the market today.
MCAs are a type of alternative small business financing and the MCA market is a multibillion-dollar industry.
$WPT is also launching an NFT 3D collection to complement the existing 2D collection; both collections have limited availability.
Though $WPT is not a lending platform, funds syndicated to MCA lenders aim to generate return on investment that will be injected back into the project’s ecosystem. Cryptocurrency is changing the world and the lives of many people that invest in it every day; however, corporate America and businesses in the United States have yet to fully utilize the Blockchain to its fullest potential. WPT is directly addressing this as they continue to bridge the gap between corporate America Merchant Cash Advance private financing and Blockchain.
Website: https://www.wptinvestingcorp.io/
Twitter: @wpt_investing
Contact:
Nahla Kamaluddin
866-978-2677
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/149411
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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