Blockchain
Mijem Newcomm Tech Inc. Announces $5,000 Scholarship Giveaway with Bitcoin Association for BSV
Mijem Newcomm Tech Inc. (“Mijem” or the “Company”) (CSE: MJEM), a North American social media and technology company, announces that they will be giving away a tuition scholarship to eligible post-secondary students residing in Canada. The scholarship prize is CA$5,000, comprised of CA$2,500 cash and the equivalent of CA$2,500 in Bitcoin SV (BSV). The prize giveaway is in collaboration with Bitcoin Association for BSV.
“This incredible campaign focuses on giving back to students who have been disproportionately impacted by the pandemic. This giveaway is an opportunity to help students financially with alleviating the cost of post-secondary tuition, while helping them to kick-start their crypto portfolio.” said Laurie Freudenberg, Mijem’s Chief Executive Officer. “Bitcoin Association for BSV is a tremendous supporter not only of Bitcoin SV but also of students with its Satoshi Nakamoto Scholarship, making it the perfect partner for this initiative.”
Commenting on today’s announcement, Bitcoin Association for BSV Founding President Jimmy Nguyen, said:
“We are excited to be partnering with Mijem to supply financial aid to students through this tuition scholarship and to introduce them to the world of blockchain technology and the powerful utility of BSV– the world’s only public blockchain capable of scaling to meet the needs of enterprise and government. Fostering the development of young talent is of vital importance to Bitcoin Association for BSV, as this is a crucial step in building the skills necessary to create the blockchain-based applications of the future.”
Mijem is a community buy-and-sell app designed for Gen Z, college and university students. Centred around campuses, Mijem provides a safe and convenient platform to buy-and-sell goods and services such as textbooks, clothing, electronics and more. The app represents a new way to build community and connect with peers, save money and live sustainably. What’s more, for every US$1 transacted through the app, Mijem users can earn rewards and build their crypto portfolio through an integrated digital wallet that allows them to redeem points for Bitcoin SV.
The Mijem app has been installed by thousands of students across more than 1,500 colleges and universities in North America and has recently been updated with new features and functionality to help students connect, transact and build wealth in a sustainable manner. The app is available for free on the Apple or Google Play stores and can be downloaded from the links below.
Download on iOS
Download on Android
According to a recent survey by Capitalize, over 50% of Gen Z believe crypto currencies will become widely used in the future, and about 17% of the entire cryptocurrency market is already being occupied by Gen Z.
A notable benefit to Bitcoin SV is how it transacts quickly and inexpensively, scales easily, and is far more environmentally friendly than many other cryptos – all features that are important to Gen Z.
The contest is open to Mijem users who are also eligible students. No purchase is necessary. To be considered eligible for a chance to win the scholarship, students must be legal residents of Canada (excluding Quebec) who are of the age of majority in their province of residence at the time of entry, and who are enrolled in or accepted for enrolment at a post-secondary college or university in the United States or Canada in the Summer 2022 or Fall 2022. The giveaway runs for 60 days, ending on June 13, 2022 at 11:59 EDST. Winners will be chosen by random draw from eligible entries on or around June 27, 2022, and announced on Mijem’s social media channels.
Full details and Official Rules can be found at: https://mijem.com/ca-giveaway
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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