Blockchain
Omni Closes its $2mm Private Token Sale, 10x Oversubscribed, Adds Advisory Team, & Plans Apollo-X IDO & Trading on PancakeSwap on July 16th
Omni today announced that it had closed its Private Token Sale of $2mm and that it would perform its Initial Dex Offering / Public Sale on July 16th on PAID’s Apollo-X IDO platform. The private sale of $10mm was oversubscribed by approximately $20mm (10x oversubscribed). It also announced the addition of key strategic advisors including the crypto industry’s leading Capital Markets & IDO Advisor Orion Depp of Master Ventures & the Master Ventures Polkadot VC Fund & Willy Kerr, Co-Founder of PAID Network’s Apollo-X IDO Platform. OMNI will be the 1st IDO launch in history on Apollo-X’s revolutionary new Initial Dex Offering Platform.
Omni’s CEO Manny Hernandez states, “The Private Sale of OMNI was highly coveted and we were oversubscribed by nearly $20mm, almost 10x the sale amount. We’d like to thank our community for all the support of our project. Our upcoming IDO and PankcakeSwap listing marks a strong step in our long-term goal of decentralizing Omni’s ownership and enabling the user-based monetization of social-media. We intend to build upon the models of Tik-Tok, Instagram, & Facebook with bleeding-edge interactive technology and a financially transparent blockchain-based back-end. We look forward to an exciting IDO on the PAID Network’s Apollo-X platform, the first ever of its kind.”
Petrix Barbosa, OMNI’s Chief Development Officer also states, “Omni intends to be a driving source of inspiration-based wealth internationally. By allowing its users to monetize their own social media content Omni intends to help bootstrap potentially millions of international citizens who are not given the same economic opportunities as those in the Western world. We have recently witnessed Instagram usage in Brazil far exceed that of the U.S. as South American social media influencers seek to better their financial standing in an economically-challenged post-pandemic world. We intend to embrace this movement, create positive societal reform, and raise the bar for social media apps’ responsibility to the world.”
OMNI IDO Advisor & Master Ventures Polkadot VC Fund Manager Orion Depp also states, “Unlike other social media apps who push back against the use of blockchain or those who try to centralize its usage such as Facebook with Libra / Diem, Omni intends to embrace blockchain by using the Substrate framework developed by Parity, one of the backers of Polkadot/Kusama. This gives Omni a huge first-mover’s advantage in decentralizing and allowing for shared social media monetization along with other industry leaders such as Bitclout, SubSocial, or Jack Dorsey’s BlueSky.”
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
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Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
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The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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