Blockchain
EQIFi partners with Shopping.io, opening users to $EQX payments on Amazon, Walmart, & more
EQIFi, a leading regulated global DeFi services platform backed by EQIBank, integrates its $EQX token with crypto-to-retail bridge Shopping.io. Through the integration, EQIFi users can use $EQX to buy goods at some of the world’s top e-commerce platforms, including Amazon, eBay, Walmart, and Home Depot.
Inflation in the U.S. reached 8.6%, in May 2022—the highest rate since 1982 and according to BBC News, one of the highest rates in the world today. This in turn has forced central banks to hike interest rates, leaving financier’s scratching their heads in their attempt to predict the length of the current recession. Consumers have felt the brunt of this recession with many now searching for new, innovative ways to make use of their assets to optimize their financial standing and purchasing power.
EQIFi’s partnership with Shopping.io affords users the opportunity to spend their $EQX staking rewards seamlessly while enjoying 7 days of free international shipping and a 2% discount on all orders for 30 days starting August 15. Both ERC-20 and BEP-20 versions of $EQX can be used as forms of payment through Shopping.io’s payment processor, ShoppingPay. Shopping.io currently fulfills orders from Amazon, eBay, Walmart, and Home Depot, though this merchant list stands to grow with the launch of Shopping.io’s Web Extension. The Web Extension will allow Shopping.io to collaborate with a plethora of new merchants, aiding the expansion of $EQX’s purchasing capabilities to the farthest reaches of the web.
EQIFi makes DeFi as accessible as regular online banking, offering users a convenient platform incorporating the largest array of financial services in the DeFi space. Backed by a licensed bank, the platform grants its clients the certainty and security that comes with the highest level of regulatory compliance. EQIFi’s relationship with EQIBank also cements it as one of the most efficient gateways between DeFi and traditional finance, providing its users with a streamlined crypto/fiat On/Off ramp for greater control over their finances.
“EQX token has been the backbone of our platform, and with this partnership now, it becomes part of something even bigger,” says Brad Yasar, CEO of EQIFi. “We offer our users an opportunity to grow their money through DeFi, and now they can actually spend it at the world’s top retailers, which don’t even officially accept crypto.”
“This collaboration with EQIFi brings us closer to our vision of a future where people have the flexibility to buy anything with everything,” says Arbel Arif, Founder and CEO of Shopping.io. “The time has come for the liberation from traditional forms of payment! Consumers deserve the freedom to spend their money however they see fit. Shopping.io is committed to helping them do that.”
Blockchain
Alpha Transform Holdings Releases March Report on ASC AI Index
Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
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.
Blockchain
Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests
Binance has rolled out Binance Megadrop, a novel token launch platform that blends airdrops with Web3 quests. This platform enables users to engage in BNB Locked Products subscriptions and complete tasks within their Web3 Wallet to earn early rewards from chosen Web3 projects, even before their tokens hit the Binance Exchange.
The inaugural project featured on Binance Megadrop is BounceBit (BB), a BTC restaking chain. Here are the token specifics for BounceBit: Max Token Supply: 2,100,000,000 BB, Megadrop Token Rewards: 168,000,000 BB (8% of max token supply), Initial Circulating Supply: 409,500,000 BB (19.5% of max token supply).
To kickstart their journey with Binance Megadrop, users must log into their Binance account and ensure they possess an active Binance Web3 Wallet. From there, they can subscribe to BNB Locked Products and/or fulfill Web3 Quests to accumulate scores. These scores dictate the rewards received through the Megadrop program.
The scoring mechanism for Megadrop relies on the Locked BNB Score, determined by the quantity of BNB subscribed and the subscription period’s duration. Users also earn a Web3 Quest Bonus and a Web3 Quest Multiplier upon completion of designated Web3 Quests. The total score is computed by applying the Web3 Quest Multiplier to the Locked BNB Score and adding the Web3 Quest Bonus.
Importantly, only wallets created within the Binance Web3 Wallet and not external wallets will count towards Megadrop participation. Megadrop rewards will be airdropped to users’ Binance Spot Wallets.
Users must undergo identity verification and maintain at least one active Binance Web3 Wallet to qualify for Megadrop rewards. Additionally, certain jurisdiction-based eligibility criteria apply. Users from Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America, and its territories are presently ineligible to participate in BB Megadrop.
Binance Megadrop is aimed at offering users an interactive and rewarding experience within the crypto realm. Further details regarding the Megadrop amount, Web3 Quests, and the comprehensive listing plan will be disclosed separately.
Source: blockchain.news
The post Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests appeared first on HIPTHER Alerts.
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