Blockchain
UkrainianPool launches the first-in-the-world global charitable ISPO-based crypto initiative to help Ukrainians affected by war
UkrainianPool kickstarts the first-in-the-world not-for-profit ISPO crypto fundraising project to support the needs of Ukrainians affected by the war. The project was developed by 4 Initiative Creators – Ugnius Šeškas and Karolis Gogaitis, Principal Partners of Beckton Group, Laura K. Inamedinova, Founder & CEO of LKI Consulting, and Paulius Vaitkevičius, Founder & CEO of VILP Solutions. Instead of providing commercial benefits to the community members participating in the fundraising, they call the international crypto community to stake their crypto funds with block rewards being directly transferred to the Ukrainian government.
“Blockchain has always been about freedom – freedom of choice and freedom of expression. We stand with the people of Ukraine and commit to unite the unstoppable crypto community worldwide, supporting Ukrainians fighting for their truth, power, and liberation,” emphasized Laura K. Inamedinova, Founder & CEO of LKI Consulting and Initiative Creator of the project.
The project currently runs on Cardano ecosystem and uses the blockchain’s embedded feature to validate transactions through the stake pools and issue rewards for each validated transaction in the form of financial support for Ukraine. Any community member willing to join the initiative can stake their crypto currency directly in the Daedalus or Yoroi wallets without losing any personal funds. The locked funds are linked to a specific stake pool and can be withdrawn at any time. The more funds are staked in the pool – the more funds can be raised for Ukrainians in need.
“The format of the ISPO fundraising is not new to the industry but its scope was always limited to the commercial projects. The tragic events that transpired in Ukraine on February 24th made us take initiative and develop a fast and trustworthy way to support Ukrainian people in the decentralized space ,” explained Ugnius Šeškas, Partner of Beckton Group and Initiative Creator of UkrainianPool.
With utmost transparency and openness, UkrainianPool invites all of the contributors to check what happens with funds on the open-sourced protocol. The Team behind the project operates with the support from the Ministry of Digital Transformation of Ukraine and plans to pay out the accumulated rewards every 5 days post the 14-days maturity period.
“Crypto proved to be a real life saver due to its ease of use. The crypto community has already shown unprecedented unity while standing with Ukraine. It’s a significantly important trend: Ukraine’s support is constantly growing. No wonder, both Ukraine and crypto serve the principles of freedom and democracy and get used to fighting for their rights,” said Oleksandr Bornyakov, the Deputy Minister of Digital Transformation of Ukraine on IT industry development.
Supported by a diverse group of Advisors and Independent Contributors from 8 countries, UkrainianPool gathered a team of 25+ professionals in Marketing, Cybersecurity, Development, Law, and PR/Communications to drive the project forward. The most notable backers include MELD, CRYPTO A.M., and Acta Finance.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
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.
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.
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
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:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- 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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