Blockchain
NOIZ REACHES AN SALES AGREEMENT WITH MERDEKA TO ENHANCE COMPETITIVE EDGE IN BLOCKCHAIN AND WEB3.0 DEVELOPMENT
NOIZChain Limited (“NOIZ“), today announced it has reached an conditional agreement on the sale of the entire issued share capital to Merdeka Financial Group Limited (Stock code: 8163) (“Merdeka“).
Andy Ann, the Chief Executive Officer of NOIZ, said, ”NOIZ aims to make blockchain technology widely available for every business and to drive blockchain into mass adoption and commercialisation. We are committed to empower enterprises to embrace Web3.0 environmentally, and we believe Merdeka, as a Hong Kong listed company, helps NOIZ to gain a competitive edge by accessing capital market for further growth. Complying with more stringent disclosure requirements for listed companies, it also enhances NOIZ’s transparency among institutions and the investing public which strengthens its reputation and credibility.”
UNIVERSAL BLOCKCHAIN PLATFORM FOR EVERY BUSINESS
NOIZ is a Blockchain-as-a-Service (”BaaS”) company that provides tailor made services and advice to businesses allowing them to use cloud-based solutions to manage and develop their applications and smart contracts without needing to develop and maintain their own blockchain environments.
NOIZ principally engages in (i) provision of a private blockchain as an infrastructure technology and on-going support of all core value transactions and applications for businesses; (ii) design and build realistic Metaverses for enterprises to connect reality and the virtual world; and (iii) creation and issuance of smart contracts for corporate and individual clients on NOIZ Green Chain (as defined below).
ESG AND SUSTAINABILITY PRODUCTS FOCUS
Environmental, Social, and Governance (”ESG”) become the top agenda of global investors as essential non-financial factors in their investment decisions. NOIZ values ESG and sustainable development.
NOIZ has developed an environmental-friendly blockchain known as ”NOIZChain” (”NOIZ Green Chain”), which adopts the proof of capacity (”PoC”) consensus mechanism that allows clients in the network to use available hard drive space to decide mining rights and to validate transactions. As compared to other consensus mechanisms such as proof of work, PoC is considered to be energy efficient as participants only temporarily provide storage space on their hard drives rather than needing expensive and specialised hardware that consumes a lot of power for solving computationally intensive encryption. NOIZ Green Chain consumes approximately 2,600 times less energy than conventional proof of work platforms.
HELP TO ACHIEVE COST EFFICIENCY AND EFFECTIVENESS
With the foundation of NOIZ Green Chain, NOIZ has developed a Metaverse (the ”NOIZ Metaverse”) and an all-in-one digital wallet (the ”Beam Digital Wallet”) on the NOIZ Green Chain.
The NOIZ Metaverse was developed by utilising Unreal Engine 5, a powerful software that creates virtual worlds for video game development, film studios and architectural research. Unlike the existing pixelated Metaverse, NOIZ Metaverse further reduces the distinction between the virtual world and reality. NOIZ helps businesses to build their own realistic Metaverse for commercialisation.
The Beam Digital Wallet is a mobile wallet that can be downloaded on the Apple App Store and Google Play Store, with a built-in marketplace that allows users to buy, sell, transfer, and track all smart contracts possessed by the users. The smart contracts traded within the marketplace are transacted via fiat currency, including payments by both MasterCard/Visa cards.
Andy Ann, the Chief Executive Officer of NOIZ, added, ”We are providing tailor-made Blockchain development services to various industries covering international banks, insurance companies, art museums and advertising agencies, etc. We look forward to partnering with more different clients in the future upon the successful of the proposed transaction by moving toward a listed platform.”
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
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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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