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SAO Token – Blockchain’s Sustainable Solution To Create A Greener Earth

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SAO aims to build a sustainable environment for our future generations to experience the purity and magnificence of true nature. The ecosystem comprises utilities, facilities, and services for sustainable living in areas such as clean water and sanitation, responsible consumption, clean energy, quality education, sustainable city-living, climate action, electric vehicular services amongst many other green projects.

With the aim of propelling our society to march towards the sustainable goal with the magnificence of blockchain, SOA introduces a multi-purpose token that boosts investors and businesses to adopt sustainable resources to build their infrastructure in an eco-friendly manner. Rewards for usage and referrals will be given to them in the form of loyalty points. Loyalty points can be used in the purchase of services from these facilities and utilities in the SAO ecosystem.

SAO Token is partnered with MNL to increase the infrastructure network required to increase the use of Electric Vehicles (EVs), and SAO Token will be adopted in the process. SAO Token will have its first use case and collaboration with MNL, a company that focuses its technology and business model in the name of sustainability. MNL is actively working on building sustainability-related projects, EV chargers, and Electric bikes in India. Also, MNL is officially approved as the trusted EV charger manufacturer in collaboration with SAO to serve the environmental sustainability in Singapore, MNL finance is also actively supporting and funding sustainable related projects. SAO is actively focusing on boosting the sustainability-related projects with builders, developers, and city Mayors to run sustainable focus projects in collaboration with MNL for the greener ecosystem. Also, to excite the crypto lovers SAO is all set to launch its unique reliable NFT marketplace which sells sustainable products as NFTs as its e-commerce platform.

SAO is built on decentralized blockchain technology and utilizes microservice architecture to ensure limitless scalability and value-added. SAO being in Blockchain nature will act as a key to sustainability which ensures traceability and transparency. SAO will redefine building networks for collaborations, establishing effective decentralized data for sustainability development. With sustainability in the core, SAO will continue with its best efforts to thrive building a wider awareness and support in sustainable development. All these features and scalability potential, create favorable conditions for the launch and investment of this SAO currency and its sustainability ecosystem.

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Blockchain

Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics

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Phoenix Group PLC, the GCC region’s first listed blockchain and tech conglomerate, is thrilled to announce its strategic partnership with BHM Capital, a leading liquidity provider. This partnership will boost liquidity for Phoenix shares on the Abu Dhabi Securities Exchange (ADX), thereby enhancing trading volumes and bolstering investor trust.
Phoenix Group’s partnership with BHM Capital which serves as liquidity provider to Phoenix Group’s shares (PHX) reinforces its commitment to optimizing share trading on the ADX. This strategic alliance not only aims to increase trading volumes and stabilize prices but also enhances investor value.
As a liquidity provider, BHM Capital plays a crucial dual role, strengthening market stability and improving the order book. The commitment to providing liquidity for Phoenix Group’s shares is designed to ensure more consistent pricing and increase overall trading liquidity on the ADX, making transactions smoother across various price levels.
Seyed Mohammad Alizadehfard, Co-Founder and Group CEO of Phoenix Group, commented: “Our partnership with BHM Capital represents a crucial step in strengthening the liquidity and stability of our shares on the ADX. It does not only enhance our market position but also provides our investors with more robust trading options. We are fully committed to leveraging this collaboration to deliver substantial value to our shareholders.”
Abdel Hadi Al Sa’di, the CEO of BHM Capital, stated: “This move will enhance the company’s position in the Abu Dhabi Securities Exchange, stabilize the price movements of its traded shares, and enable investors to diversify their investment portfolios, taking advantage of opportunities in financial markets.”
Phoenix Group expects that the partnership with BHM Capital will significantly drive up trading activity and elevate demand for its shares on the ADX, fostering a more vibrant market presence. With a specific focus on boosting trading volume and the value of PHX shares, Phoenix Group is confident that this engagement will have a positive impact on the company’s performance in the coming months.

The post Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics appeared first on HIPTHER Alerts.

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Blockchain

Alpha Transform Holdings Releases March Report on ASC AI Index

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Blockchain

Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins

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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.

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