Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Blockchain

Lake Michigan Hills Partners With DigiKerma To Become The First Carbon Neutral Golf Club In The United States

Published

on

 

Lake Michigan Hills Golf Club has become the first carbon neutral golf club in the United States after purchasing CCUS offset credits from DigiKerma. The course has offset all CO2 emissions associated with every round played in 2022.

Lake Michigan Hills chose to offset its emissions using DigiKerma’s Carbon Capture, Utilization, and Storage (CCUS)-derived carbon offset credits, which trade on the company’s CarbonKerma marketplace.

“We think sport can play an important role in a low carbon future. We explored a lot of options to offset our course’s footprint,” a spokesperson said, “But we found the quality of most offset credits to be difficult to ascertain. CarbonKerma credits carry a price premium, but we wanted to offset each golf round played. The ability to break down each tonne of emissions into fractions in a traceable manner allows us to spread the cost of offsetting. The price was worth it, knowing that all their credits, based on Carbon Capture and Storage, are precisely measured and overseen by strict EPA regulations.”

The groundbreaking transaction is set to create a pathway for sporting and entertainment events around the world to help accelerate the deployment of CCUS, a technology that is vital for achieving the Paris Climate Accord targets.

Ahead of his company’s presentation at the ADIPEC 2023 conference in Abu Dhabi, DigiKerma Founder and CEO Irfan Ali noted:

“CarbonKerma’s unique CCUS-based offset marketplace brings an unprecedented level of measurability and transparency to voluntary carbon offsets, which we hope will restore confidence in markets that have been plagued by low quality and a lack of trust.”

He added that, “This decision by Lake Michigan Hills demonstrates their confidence in the integrity of our credits and they are to be applauded for their pioneering spirit. Hopefully, this sets an example for other sporting clubs and events that offsetting properly–through high-quality credits–can play a significant role in achieving our Paris targets.”

The club joins Singapore’s Sentosa Golf Club as only the second golf club in the world to offer carbon neutral golfing. The move represents a significant milestone for DigiKerma, a blockchain-based carbon offset marketplace that is gaining a strong reputation for carbon offset integrity among a number of sectors with hard-to-abate emissions.

About Lake Michigan Hills Golf Club: Established over 40 years ago, Lake Michigan Hills Golf Club is the top-rated public golf course in southwest Michigan. Located in the Benton Harbor/St. Joseph area, golfing greats to have played the course include Payne StewartKenny Perry, and Adam Scott.

About DigiKerma: DigiKerma Inc. is a Virginia-based company that operates the carbon credit trading platform CarbonKerma. DigiKerma is committed to providing scalable offsetting solutions to sectors with hard-to-abate emissions, and helping fund the cost of implementing Carbon Capture, Utilization, and Storage facilities to contribute to the rapid decarbonization of industry.

SOURCE DigiKerma

Blockchain

Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing

Published

on

supply-chain-finance-market-forecast-to-reach-$9.4-billion-by-2029:-increasing-emphasis-on-sustainable-sourcing

Global Supply Chain Finance Market

Continue Reading

Blockchain

Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest

Published

on

web3-startups-raise-nearly-$1.9b-in-q1-2024-despite-overall-downtrend-in-crypto-vc-interest

Venture capital funding for cryptocurrency and blockchain projects has seen a notable resurgence in the first quarter of 2024, marking its first quarterly rise since 2021. Crunchbase data released today indicates that Web3 startups secured nearly $1.9 billion in funding across 346 deals during this period. This represents a substantial 58% increase from the previous quarter, offering a glimmer of hope amidst the ongoing downward trend in overall crypto VC interest.

The recent surge in funding can be attributed to investors adopting a more long-term perspective on Web3, as opposed to the hype-driven “tourist investors” predominant in recent years. Chris Metinko, the author of the report, notes that investors are shifting their focus to the AI sector, indicating a change in investment strategy. There is a growing interest in supporting the foundational infrastructure of the decentralized internet, rather than solely concentrating on crypto wallets and lending platforms, which attracted significant investments during the peak period of 2021 to 2022.

While large funding rounds were relatively uncommon in Q1, several notable investments stood out. Exohood Labs, a company integrating AI, quantum computing, and blockchain, secured a remarkable $112 million seed round at a valuation of $1.4 billion. EigenLabs, an Ether token “restaking” platform, raised $100 million in a Series B round led by a16z crypto. Additionally, Freechat, a decentralized social network leveraging blockchain technology, secured $80 million in a Series A round. These investments, among others, contributed to the increase in valuations and the emergence of four new Web3 unicorns in Q1.

Despite the recent progress, the future trajectory of Web3 remains uncertain. Metinko suggests that the next few quarters will be pivotal in determining the industry’s direction. While investors anticipate a rebound in investment as the decentralized internet evolves, it may take another year for venture capital activity to stabilize after the exuberance of 2021. Factors such as the approval of U.S. spot Bitcoin exchange-traded funds and the upcoming Bitcoin halving could also influence the market, given the rising prices of Bitcoin and Ether.

A noteworthy example of significant funding in the Web3 space is Monad Labs’ recent successful funding round, which secured $225 million led by Paradigm. Monad Labs is a layer-1 blockchain compatible with Ethereum, offering faster transaction processing. This funding round harkens back to the golden era of crypto funding in 2021-2022, when L1 solutions attracted substantial investments.

Earlier this year, Balance, a digital asset custodian based in Canada, announced that it had once again reached $2 billion in assets under custody (AUC) amidst the recent market recovery. Similarly, Korea Digital Asset (KODA), the largest institutional crypto custody service in South Korea, has experienced remarkable growth in crypto assets under its custody, expanding by nearly 248% in the second half of 2023.

Analysts at Bernstein Research project that crypto funds could reach an impressive $500 billion to $650 billion within the next five years, representing a significant leap from the current valuation of approximately $50 billion. This forecast underscores the growing optimism and potential for substantial growth within the crypto industry in the coming years.

Source: cryptonews.com

The post Web3 Startups Raise Nearly $1.9B in Q1 2024 Despite Overall Downtrend in Crypto VC Interest appeared first on HIPTHER Alerts.

Continue Reading

Blockchain

ASIC cracks down on blockchain mining firms

Published

on

asic-cracks-down-on-blockchain-mining-firms

Three blockchain mining companies – NGS Crypto, NGS Digital, and NGS Group – along with their directors, Brett Mendham, Ryan Brown, and Mark Ten Caten, are facing legal action from the Australian Securities and Investments Commission (ASIC) for allegedly operating without a license, in violation of Australia’s Corporations Act. ASIC initiated legal proceedings against these entities on April 9, citing concerns about their non-compliance with financial regulations and their solicitation of Australian investors.

According to ASIC, the NGS companies promoted blockchain mining packages with fixed-rate returns to Australian investors, encouraging the transfer of funds from regulated superannuation funds to self-managed superannuation funds (SMSFs) for conversion into cryptocurrency. Approximately 450 Australians invested a total of around USD 41 million in these packages, raising concerns about potential financial losses.

The legal action filed by ASIC alleges that the companies violated section 911A of the Corporations Act, which prohibits companies from providing financial services without a valid Australian Financial Services Licence (AFSL). ASIC is seeking interim and final court orders to prohibit the NGS companies from offering financial services in Australia without an AFSL.

ASIC Chair Joe Longo emphasized the importance of investors carefully considering the risks before investing in crypto-related products through their SMSFs. Longo stated that ASIC’s actions send a message to the crypto industry about the regulator’s commitment to ensuring compliance with regulations and protecting consumers.

In a separate development, the Federal Court appointed receivers for the digital currency assets associated with the NGS companies and their directors to safeguard these assets amid concerns about the risk of dissipation. Mendham was also issued a travel restriction order, preventing him from leaving Australia.

While a court date for the proceedings has not been set, ASIC’s investigation is ongoing, with the regulator continuing to gather evidence and build its case. It is worth noting that the investigated companies share a similar name with NGS Super, a legitimate Australian pensions provider, leading to potential confusion among investors. NGS Super clarified that it is not involved in selling cryptocurrency or related products and has taken legal action to protect its trademark and members’ interests.

Source: iclg.com

The post ASIC cracks down on blockchain mining firms appeared first on HIPTHER Alerts.

Continue Reading
Advertisement
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE