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Mercurity Fintech Holding Inc. Announces Changes of Company Directors

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Mercurity Fintech Holding Inc. (the “Company” or “MFH”) (Nasdaq: MFH) today announced that Mr. Liu Hao has resigned from his positions as the Company’s director, CO-CEO and Acting CFO due to personal reasons, effective on August 24, 2021. MFH also announced that Mr. Zhu Wei has been appointed as the Company’s Co-CEO, Acting CFO, director and Co-Chairperson of the Board. Mr. Deng Huahui, Mr. Li Minghao and Mr. Ding Laibin have been appointed as directors of the Board.

Mr. Zhu Wei is a well-known IT and blockchain expert and a fintech business investor. From 2012 to 2015, he worked as a marketing general manager of a training company.  From 2016 to 2018, Mr. Zhu served as vice president of Hong Kong Yuanrui Investment Group, responsible for big data research on high-frequency trading, match-making engine, computer software development and quantitative transactions. From 2019 to 2021, Mr. Zhu served as the CEO of Wan Xiang International Exchange Pte (Singapore), a group company engaged in providing Fintech solution for small and middle-sized enterprises. Mr. Zhu graduated from Yangling Vocational & Technical College with a background in computer technology.

Mr. Li Minghao is a blockchain technology expert with years of experience in research and development, and product design. In 2016, Mr. Li served as product director of Shenzhen Puyin Blockchain Group, responsible for the research and development of ACChain asset digitalization platform. In 2017, as co-founder, Mr. Li founded Shenzhen Maker Blockchain Technology Co., Ltd., engaged in providing blockchain technology solutions for enterprises. Since 2018, Mr. Li has been focusing on blockchain finance products, designing and implementing blockchain solutions for different business scenarios. Mr. Li obtained his bachelor’s degree in Electrical Engineering & Automation from Harbin University of technology in 2015.

Mr. Ding Laibin is an expert in marketing and development of emerging internet industry. In 2007, Mr. Ding joined Yili Group (600887.SH), where he served as the group’s global head of media. In 2017, Mr. Ding was invited to join INKE (03700.HKEx) as a senior vice president and head of marketing. In 2018, Mr. Ding established the Blockchain International Media Group (BIMG) and served as chairman of BIMG. Mr. Ding graduated from Chengdu University of Technology in 2007 with an undergraduate degree in business administration.

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Mr. Deng Huahui has more than eight years of experience in corporate governance and team management. Mr. Deng was appointed as a technical & sales manager of Fujian Tianma Science and Technology Group Co, Ltd from 2009 to 2017. As an early investor in cryptocurrencies, he has developed a strong interest in smart contract architecture that deals with enterprise level blockchain-as-a-service with a focus on the adoption of advanced IOT integration with real-world applications. Mr. Deng holds a bachelor’s degree from Tianjin University in China.

Miss. Alva Zhou, the Chairperson and Co-Chief Executive Officer, commented: “On behalf of the board of directors of MFH and our management team, I would like to express our warm welcome to the four new directors and also give thanks to Mr. Liu for his contributions to the Company and wish him every success in the future.”

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend, ” “ought to, ” “plan, ” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:

BlackRock ETF Embraces Blockchain with First Muni Bond Purchase

BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.

By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.

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Source: Yahoo Finance

Plume Secures Funding for Tokenization Platform

Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.

Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.

Source: Fortune

SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips

SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.

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As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.

Source: The Quantum Insider

Deutsche Bank’s Public, Permissioned Blockchain Initiative

Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.

The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.

Source: CoinDesk

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KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands

Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.

By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.

Source: PR Newswire

Industry Implications and Key Takeaways

Today’s developments highlight the transformative potential of blockchain across multiple domains:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.

The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.

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