Blockchain
BlockQuake™ Announces Launch of Live Beta Testing, Submission of NYS BitLicense & Partnership with Prime Trust
BlockQuake™ announced the official launch of live production beta testing of its regulatory-driven digital asset exchange. The Company also released news of both its partnership with SEC qualified and BSA-compliant custodian Prime Trust and that it is pending approval of its application for a New York State BitLicense with the New York State Department of Financial Services. These new developments demonstrate BlockQuake’s™ desire to consistently seek and maintain the highest levels of regulatory compliance. They also guarantee that all traders, from large institutional investors to first-time individuals, will have peace of mind that the BlockQuake™ platform prioritizes performance, security, and transparency.
While in beta production, BlockQuake™ will be conducting complete End to End (E2E) testing in a live environment. Key features include Know Your Customer (“KYC”) verifications, deposits, trade execution, security, and wallet functionalities.
“As cryptocurrency trading grows in popularity, the need to regulate the industry and mitigate risk for investors is paramount. We are seeing new cryptocurrency regulations come into play almost daily. There is also increasing demand to address security issues,” said Antonio Brasse, CEO, and Co-founder of BlockQuake™. “Using our wealth of experience from the traditional financial services industry, we are actively creating a better trader experience through onboarding solutions that focus on performance and security to the overall improvement of the cryptocurrency landscape.”
In an important step towards regulatory compliance, BlockQuake™ has submitted an application for a New York State BitLicense. Upon approval, BlockQuake™ will be able to engage in virtual currency business activity involving both New York State and New York residents. They have also registered with the Financial Crimes Enforcement Network (FinCEN), a requirement for the BitLicense. New York’s unique position as the world’s top financial center, as well as its growing influence as a cryptocurrency hub, make it a priority market for BlockQuake™.
The Prime Trust partnership will see Prime Trust provide custodial and compliance services to users on the BlockQuake™ Exchange. By joining forces with the technology-driven financial institution, BlockQuake™ is able to successfully ensure its regulatory and risk management obligations while reducing the risk of fraud to users of the BlockQuake™ Exchange. The involvement of Prime Trust means BlockQuake™ users will undergo a rigorous verification process. This includes Know Your Customer (“KYC”) verification in compliance with banking and securities laws, Anti-Money Laundering (“AML”) checks on domestic and international persons as mandated by PATRIOT Act and Treasury regulations, and Bad Actor Checks pursuant to Dodd-Frank. BlockQuake™ will also use Prime Trust for fiat custody and cold storage solutions, ensuring that user assets are always secure no matter the size of the investment. All BlockQuake™ Exchange users will also receive a US-based bank account that is FDIC insured for their fiat deposits.
Domestic and international investors can support BlockQuake™ through a worldwide KYC compliant ST20/ERC1400 token offering. The Regulation D 506(c) token offering was created for accredited investors in the US and Canada. A Regulation S token offering is also available for both retail and institutional investors from around the world (non US and Canadian Persons). Interested investors should visit invest.blockquake.com to obtain information and access the company’s portals.
SOURCE BlockQuake
Blockchain
Digital Payment Gateway Market Industry Trends and Opportunities 2030, with Competitor Analysis for PayPal, Stripe, Adyen, Worldpay, Razorpay Software, Mollie, BlueSnap, Klarna Bank and Dwolla
Digital Payment Gateway Market
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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