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Virtual Pangea Hosts Blockchain Game ‘Hogeman’ Esports Tournament with a Chance to Win a Tesla Model 3

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The NFT gaming world has entered the world of esports with Hogeman, the 8-bit hero with classic platformer gameplay, created by Cryptic Pixel, the game studio division of Virtual Pangea (VP) – an interactive platform aiming to offer Web3 experiences that give the users control and a sense of belonging, through blockchain connected art and gaming. Launched on November 30th, Hogeman is the first NFT-integrated game on the VP platform.

To make it an inclusive gaming experience, Virtual Pangea enables users to participate in its speedrun tournament and win a Tesla Model 3. To enter, players must own a Hogeman NFT from the limited collection of 760 NFTs (ETH), available for purchase directly on Opensea. The NFT owners will automatically become Hogeman Club members and reap all the perks & benefits that come with it.

One of the club’s perks comes in the form of an exclusive invite to compete in Virtual Pangea’s main event Hogeman Speedrun Tournament – Tesla Edition, ending April 15, culminating in a live Battle Royale esports event on April 23. These NFTs are the ‘golden tickets’ for players looking to participate in this exclusive event, dedicated to Hogeman club members only.

The grand prize of the Battle Royale – where the top ten players on the leaderboard will battle for supremacy – is a Tesla Model 3 (or the equivalent of $55,000 in ETH). The total prizes are worth $63,000 and each of the ten players will be rewarded.

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“We are excited to deliver our engaging Hogeman game, powered by blockchain technology and offer what is probably the biggest prize in the history of indie games,” said Dani Chear, CEO at Virtual Pangea, “Hogeman Spreedrun Tournament – Tesla edition is our first of many community engagement experiences where we bring all of our passions together, while giving back value to our community.”

The Hogeman game storyline was created to reflect the crypto novice’s experience, facing the “great unknowns of the crypto world.” The various dangers encountered in the crypto space are transformed into nine different game levels, where a player battles different bosses such as Safe Bloke, The Redcandle, The Silver $, The Rug, etc. After defeating a boss, the player gains a special power to help on the journey to save the day.

To make things even more exciting, players must figure out the optimal order in which to play each of the nine levels. The game is designed to give players the thrill and the adrenaline of success, by winning level after level, discovering new weapons, and finally beating the mighty boss: Influencer X.

To play the game now visit: https://www.virtualpangea.com/Play

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Blockchain

Europe Tax Advisory Market Valuation Poised to Soar to USD 28.50 Billion By 2032 | Astute Analytica

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Blockchain

Brazil to Tighten Regulation on Foreign Crypto Exchanges

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Brazil’s Receita Federal Increases Scrutiny on Foreign Cryptocurrency Exchanges

Brazil’s tax authority, Receita Federal, plans to intensify its oversight of foreign cryptocurrency exchanges operating within the country. This move aims to enhance regulation and transparency amid the rising use of digital assets in Latin America’s largest economy.

New Reporting Requirements for International Platforms
Recent reports indicate that Receita Federal will soon issue an order requiring international cryptocurrency platforms, including Binance and Coinbase, to provide detailed operational data and information on their partnerships with local service providers.

Government’s Regulatory Focus
Andrea Chaves, Deputy Secretary of Inspection at the Federal Revenue Service, emphasized the importance of this measure. “It’s crucial for us to understand how they operate here and ensure there’s no illegality,” she stated. The government aims to ensure compliance with tax laws and confirm that services provided to Brazilian customers are fully legal.

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Wagner Lima, a risk management coordinator at Receita Federal, underscored the need to review collaborations between foreign exchanges and local service providers. This review ensures compliance with a 2019 regulation that mandates information sharing.

Rise in Crypto Asset Declarations
This decision comes in response to a significant increase in crypto asset declarations by Brazilians. From January to July 2023, Brazilians declared 133.6 billion reais ($24.6 billion) in crypto assets, marking a 36.6% increase from the previous year. Notably, 14.5 billion reais were declared through foreign exchanges, representing a 51.2% growth.

Upcoming Order Details
The forthcoming order will require exchanges to disclose their operational methods and customer service practices in Brazil. However, it will exclude customer-specific data and transactional information to comply with current Brazilian laws.

Future Regulatory Framework
Brazilian authorities are also working on developing a clear framework for digital currencies and their legal status, expected to be introduced by mid-2024. This framework aims to organize both local and foreign exchanges operating within Brazil, ensuring their compliance with local laws and regulatory requirements.

Source: cryptotimes.io

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The post Brazil to Tighten Regulation on Foreign Crypto Exchanges appeared first on HIPTHER Alerts.

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Financial Institution NAB Embraces Crypto Custody Solution

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National Australia Bank Invests in Crypto Custody Firm Zodia Custody

National Australia Bank (NAB), a prominent financial institution, has taken a significant step into the cryptocurrency custody arena. Instead of creating its own digital currency, NAB Ventures has opted to invest in Zodia Custody, a London-based firm specializing in the secure storage of digital assets for institutional clients.

Strategic Shift and Industry Alignment
This investment marks a strategic shift for NAB, aligning itself with global financial leaders like Standard Chartered, Northern Trust, and SBI Holdings, who have already acknowledged the importance of safeguarding digital assets for investors. By partnering with Zodia Custody, NAB showcases a forward-thinking approach, choosing collaboration over direct competition with established players like Coinbase.

Commitment to Innovation
The decision to invest in Zodia Custody reflects NAB’s commitment to providing cutting-edge solutions to its institutional clients while leveraging the potential of the crypto market. This move positions NAB as a key ally for institutional investors seeking secure and regulated infrastructure to navigate the complexities of digital asset storage and management.

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Additional Insights
One significant aspect not highlighted in the initial report is that NAB’s engagement with a crypto custody solution underscores the growing demand from institutional investors for secure and regulated infrastructure to enter the crypto space.

Key Questions
1. How will NAB’s partnership with Zodia Custody impact its overall financial services and competitive position in the market?
2. What regulatory challenges and compliance requirements does NAB face by entering the crypto custody space?
3. How does NAB plan to address security concerns related to the storage of digital assets for its institutional clients?
4. What are the potential risks and rewards for NAB as it ventures into the crypto custody sector?

Key Challenges
NAB may encounter several challenges, including regulatory compliance issues, cybersecurity risks, market volatility of crypto assets, competition from existing players in the space, and the need to build trust among institutional clients for their crypto custody services.

Advantages
1. Access to a Growing Market: Entry into the rapidly expanding crypto market and potential new revenue streams.
2. Strengthened Partnerships: Enhanced relationships with global leaders in the crypto custody sector.
3. Diversification: Broadening service offerings to meet the evolving needs of institutional clients.

Disadvantages
1. Regulatory Scrutiny: Increased regulatory oversight and compliance costs.
2. Market Volatility: Exposure to the highly volatile nature of crypto assets.
3. Reputation Risk: Potential damage to reputation if security breaches or operational issues occur in the custody of digital assets.

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Source: smartphonemagazine.nl

The post Financial Institution NAB Embraces Crypto Custody Solution appeared first on HIPTHER Alerts.

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