Blockchain
Digital Pilipinas showcases Ph as ‘soft landing, safe haven’ for global innovators
Digital Pilipinas, the largest private sector movement for creating a technology and innovation ecosystem in the country, showcases the Philippines as a “soft landing and safe haven” for global innovators.
Amor Maclang, Digital Pilipinas Festival (DPF) Convenor, positioned the Philippines as “a welcoming gateway to ASEAN for other countries who wish to do business in our region, for innovators from other countries who, in the face of adverse political or economic conditions, need to temporarily relocate to where their culture of innovation will be preserved.”
During the DPF, foreign and Filipino leaders shared their plans for creating a stronger, anti-fragile ASEAN by making digital tech more accessible to the public. Department of Information and Communications Technology – Philippines’ Undersecretary David Almirol stressed the crucial role of embracing the enabling qualities of technology in empowering agencies in enforcing their mandates. Through different policies and projects including the E-Governance Act and the iLGU, the public can experience seamless services which pave the way for them to take on bigger decisions and even go global.
Jimmy Kyle Siy, Brankas Director of Customer Success, said that a positive impact on trade would be the first advantage of an ASEAN tech collaboration.
Angkas CEO George Royeca said: working with ASEAN entails “collaboration with regulators in creating the best products that will have the highest positive effect.”
Manish Bhai, UNO Digital Bank Founder, President, and CEO, agreed that without a cross-border ecosystem, digitalization will not succeed: “Everyone is a collaborator – whether it’s cross-country, ASEAN, regional, global.”
Wei Zhou, CEO of Coins.ph, spoke of his plans to make the Philippines “a leader in Web 3.0 not just in ASEAN, but globally. Digital assets and blockchain are equalizers and can mean financial empowerment.”
DPF, which was composed of the World FinTech Festival-Philippines and the Philippine FinTech Festival, was held in partnership with Elevandi, an organization founded by the Monetary Authority of Singapore (MAS) to foster public-private-sector dialogue to advance FinTech in the digital economy.
Jobbagy László, Managing Director of Digital Success Nonprofit Ltd., emphasized that “digitalization is all around us. We can have all kinds of people and have all kinds of degrees to digitize the culture even in terms of policy-making over the next 30 years.”
Participating in the DPF were co-presentor Coins.ph and co-convenors Etiqa Philippines; Angkas; PayMongo, UnionBank of the Philippines; digiCOOP; ADVANCE.AI; NinjaVan Philippines; KPMG Philippines; UNO Digital Bank; Creador; Globe; PruLife UK; ACUBELAW; Gorriceta Africa Cauton & Saavedra; Brankas; GCash; COL Financial; and, Xendit Philippines. Other partners were Tech Exactly; StartUp Village; Bounce Back PH; Fintech Philippines Association; FinScore; Mapúa University; GeiserMaclang Marketing Communications; Inquirer Group of Companies; Inquirer Mobile; Inquirer.Net; Philippine Daily Inquirer; The Philippine Star; Manila Bulletin; United Neon; and Coinvestasi.
Filipino and global industry and tech leaders gathered for the Digital Pilipinas Festival, which kicked off a month-long celebration for ASEAN tech while launching an anti-fragile technology and innovation ecosystem to bring about an economically stronger region.
SOURCE Philippine FinTech Festival
Blockchain
Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety
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.
Blockchain
Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development
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.
-
Blockchain Press Releases6 days ago
Canaan Shines at Blockchain Life 2024 in Dubai
-
Blockchain6 days ago
Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
-
Blockchain Press Releases7 days ago
Bybit Institutional Report 2024: Institutions Become Bullish and Eye Challenger Chains, while VC Funding Resurges for Infrastructure, Gaming, and AI
-
Blockchain6 days ago
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
-
Blockchain6 days ago
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
-
Blockchain6 days ago
Crypto fans count down to bitcoin’s ‘halving’
-
Blockchain6 days ago
Tether USDT stablecoin goes live on TON blockchain
-
Blockchain Press Releases6 days ago
DWF Labs joins the Klaytn Governance Council