Blockchain
DBM project global tour exhibition opens in Beijing
Recently, the “2018 D-BANK Global Touring Exhibition Beijing Station” was held in Beijing grandly. The meeting brought together digital economy experts and blockchain scholars. There were more than 200 people in attendance including organization leaders, entrepreneurs, and investors. At the meeting, D-BANK delivered the project explanation and plans to conduct a global tour exhibition. Adalia, D-BANK project market leader, said: “Today, the global digital economy with its rapid development, digital wallets, as an indispensable infrastructure of the digital economy market, have great market prospects. D-BANK has created a digital wallet to integrate secure storage, wealth management and value-added, and mall consumption. In the future, D-BANK, a new payment system and ecosystem in the digital economy era will be built.” At the meeting, Adalia launched a detailed interpretation of the D-BANK digital wallet.
Five core technologies, safe and efficient
Secure storage is the most important core function of digital wallets. D-BANK wallets use cold and hot separation storage and multiple verification functions to ensure that account information is stored offline and hackers cannot attack. In addition, the D-BANK technical team uses the SHA 512-ZERO algorithm to encrypt Technology, Ring Topology Hub ring topology relay technology, NOBLOCK technology engine, NO-LOCALCOIN exchange network.
Connecting the real economy, creating use value
At the conference, Adalia introduced that D-BANK will also issue digital economic bank cards in conjunction with international banks and card issuers for recharging digital assets and can be used to withdraw and consume online. In addition, D-BANK will also open online malls and B2B international trade, DAPP mall, and other functions, which lets the digital economy participate in buying and selling, and consumption, and let the digital economy break through the limitation of investing in assets only.
Gathering top international talents and global layout
D-bank’s headquarters is located in Silicon Valley, the United States, whose technical staff is composed of senior developers from several countries, including Canada, China, and other countries. The core team has more than 10 years of experience in Internet technology, and the team is strong. After the launch, it has made rapid deployment in the United States, China, Japan, South Korea, Southeast Asia, Europe and other regions, hoping to build a global payment network.
SOURCE D-Bank
Blockchain
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
The post Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics appeared first on HIPTHER Alerts.
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.
-
Blockchain4 days ago
Open-Source Intelligence (OSINT) Market is expected to reach a revenue of USD 64.9 Bn by 2033, at 25.6% CAGR: Dimension Market Research
-
Blockchain Press Releases7 days ago
Bitget to Take Center Stage at Blockchain Life and Token2049 Dubai
-
Blockchain Press Releases2 days ago
Bybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection
-
Blockchain Press Releases7 days ago
Bitrue Gears Up for 2024 Bitcoin Halving with Trading Competition
-
Blockchain3 days ago
Blockchain Transforming Travel: Quantum Temple’s Innovative Venture
-
Blockchain Press Releases7 days ago
aelf Leads the Fusion of AI and Blockchain to Shape the Future of Technology
-
Blockchain3 days ago
Bybit and World Leaders Forge Major Alliance to Direct Web3 for Social Good
-
Blockchain3 days ago
Evolution of the Blockchain World: Doric Blockchain Drives Education and Adoption of Blockchain Technology and Tokenization in Latin America