Blockchain
Sharemine AI: Singapore-Based Eco-Friendly Cryptocurrency Mining Service Launches, Lowering Barriers of Entry for All
Cryptocurrency mining service provider, Sharemine AI, has officially launched today. Operationally ready since January 2021, Sharemine AI offers users a fully comprehensive range of green cryptocurrency mining services with the goal of making the logistical and tedious process of mining hassle-free and accessible to users of varying cryptocurrency mining backgrounds and capabilities.
Founded and headquartered in Singapore, Sharemine AI was formally established by Founder and CEO, Jimmy Li, together with Co-founder, Herbert Sim, also commonly known as “The Bitcoin Man”. Having collective experience in the complex finance, blockchain, cryptocurrency investment and digital currency fields, the platform was developed by the two with the vision of lowering the barriers of entry into cryptocurrency mining, allowing people to join the industry freely, regardless of the availability of mining resources to them.
Sharemine AI’s Service Offerings: Eco-friendly Mining
Through Sharemine AI, users can mine a wide range of cryptocurrencies including Filecoin, Phala and Swarm (BZZ), as well as more popular and volatile cryptocurrencies such as Bitcoin and Ethereum. Mining done through Sharemine AI is more eco-friendly, as the platform only mines with energy generated from hydro and solar power, making for not only an uncomplicated, but more sustainable form of cryptocurrency mining.
One of Sharemine AI’s highlights in particular, is its Chia mining service through its network, Chia Cloud. Chia Cloud is a decentralized open source global blockchain network that uses a blockchain consensus algorithm called “Proof of Space and Time”, with the sole focus of mining Chia tokens. As Chia mining’s main resource is the use of hard disk space instead of computing power, it is a form of green cryptocurrency mining and is more sustainable as opposed to the “Proof of Work” algorithm, which uses up a far greater amount of energy.
Benefits of mining through Chia Cloud’s network include its use of anchored mining machines, open hash power and transparent prices for users. This is so, as Chia Cloud’s network connects directly with hardware manufacturers such as chips and hard disks, which supplies Chia Cloud with physical mining machines at supplier prices. Leveraging the advantages of the supply chain, Chia Cloud is then able to charge users for its services at prices no more than the cost price of mining machine services, removing the mark-ups in price by middlemen. As such, the network provides users with the opportunity to mine for Chia tokens at a competitive cost, to allow them to receive the greatest return on investment.
Additionally, independent Chia mining would typically require miners to run complex mining operations themselves, making mining a tedious and difficult process for people. With Chia Cloud’s services, the need for users to go through extra steps such as purchasing their own hard drives and dealing with the logistical aspects of mining is eliminated, enabling them to mine for Chia tokens with ease. Furthermore, as Chia is energy saving, using less processing capacity and a fraction of energy compared to other cryptocurrencies, users can simply connect their laptops to their broadband network and mine for tokens from the comfort of their homes.
Mr Jimmy Li, Founder and CEO of Sharemine AI, said, “As the name may suggest, Sharemine AI was founded with the intention of allowing the everyday person to enter the cryptocurrency industry through a safe and collective platform shared amongst users. Our ultimate aim is to lower the barriers of entry into the cryptocurrency pool for all, regardless of one’s previous experience with cryptocurrency and access to mining resources.”
With Chia mining projected to be one of the top five cryptocurrencies in the near future, the goal of Sharemine AI’s services is to essentially enable anyone to mine these top cryptocurrencies in an affordable and simplified manner. Sharemine AI aims to be the biggest mining pool in the world, and is currently already working alongside top reputable partners and suppliers, such as Alibaba, Huawei and Seagate.
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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