Blockchain
HOGE Announces Collaboration With The DeFi Angels
The Original DeFi Meme Token – HOGE has joined forces with the DeFi Angels to give their project a voice on Capitol Hill as the regulation conversation heats up. It’s no secret that American-based blockchain crypto companies are fighting the infrastructure bill in D.C. This bill could create a big change in the world of DeFi over the next several years.
HOGE is an ERC20 token on the Ethereum blockchain that has a 2% tax on every transfer. Part of that tax is reflected to current holders, and part is burned forever making HOGE a deflationary cryptocurrency asset. HOGE was a fair launch project; everybody can buy in on day one. Even the developers. This project is entirely comprised of a decentralized community and one of the few token projects out there that has no developer wallet meaning they are a project that is responsible for creating their own self-sustaining ecosystems that provide revenue channels to continue to fund and grow their project. Hoge has achieved early success by focusing on brand building, refining their Decentralized Finance (DeFi) technology, running charitable events and most importantly fostering an authentic and inviting community environment.
HOGE has found a strategic ally to fight the DeFi regulation battle with and ensure their blockchain infused voice is heard in the House. The DeFi Angels are an investment community in the Decentralized Finance (DeFi) sector whose member-based proprietary platform focuses on education, fair launches, and community vetted deal-flow. The Crypto Company is known for transparency and ethics; leveraging these core values, their community acts as a sophisticated filter for investors looking to get into early-stage DeFi projects. Valuing women empowerment, the DeFi Angel’s created a safe environment for female investors to flourish within a male-dominated field. They also provide a platform for new and experienced entrepreneurs to present their projects in an organic environment, where teams can answer various technical and business model questions.
Together, these two communities are headed to congress to attend appointments and speak with legislators, as well as people in regulatory affairs to create fair and balanced DeFi regulation. Coming along with them is J.P. Deese & Associates, LLC to act as the official HOGE Lobbyist and the political voice for a project that has over sixty-five thousand (65,000) current investors. In a recent comment, J.P. Deese said,” This serves as an excellent opportunity for the crypto and DeFi spaces to come together, flesh out their own language, and aggressively advocate at the federal level for these proposed changes. The moment is now; the moment is ours.”
To add fuel to the regulation fire, one of the most popular American-based crypto exchanges has come under fire from the SEC over their new crypto lending product that’s scheduled to come to market in Q4 this year. Coinbase’s official Twitter page released a statement online last week stating,” After months of trying to engage with the SEC on our planned Lend product, we recently received notice that it intends to pursue legal action against us. We believe dialogue is at the heart of good regulation, even if the SEC may not.”
It will be interesting to see how the next few weeks play out leading to the DeFi Bill passing through the House, but one thing is for sure, HOGE and The DeFi Angels will have representatives front and center to do everything they can to give their projects and the DeFi ecosystem a chance to be heard.
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
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