Polygon has announced a billion Community Grants Program, set to roll out over the next ten years, aimed at supporting developers on its platform. This initiative promises to allocate about 0 million annually to fund innovative projects that enhance the Polygon and Ethereum ecosystems. Polygon Community Treasury to Release B in Grants Over the […]
Bitcoin News
Oklahoma Enacts Landmark Bill to Regulate Digital Assets, Protect Bitcoin Rights, Foster Crypto Innovation
The governor of the U.S. state of Oklahoma has approved House Bill 3594, a landmark bill that protects bitcoin rights and fosters cryptocurrency innovation. The legislation addresses the regulation and promotion of blockchain technology and cryptocurrency in the state. The bill defines key terms such as blockchain, blockchain protocol, and digital assets, which include virtual […]
Bitcoin News
Roqqu Announces the Inclusion of Bitcoin.com’s VERSE Token on its Wallet Platform, Aiming to Foster DeFi in Africa
PRESS RELEASE. 21st February, 2024 – Roqqu, a leading African blockchain technology company with over 1.6 million users and a vibrant community of 700,000 active users, is thrilled to announce the listing of VERSE token, the official utility and rewards token of Bitcoin.com, on its robust wallet platform. This integration marks a significant stride in […]
Bitcoin News
Blockchain-Based Loyalty Rewards Foster Brand-Customer Connection, Accelerate Web3 Adoption — Gennady Volchek
Universal loyalty programs can serve as potent tools, not only forging a direct link between a brand and its consumers but also influencing the latter’s shopping behaviour, Gennady Volchek, the CEO of the loyalty rewards app Shping, has said. However, by harnessing the power of blockchain and cryptocurrency, these loyalty programs empower brands to connect […]
Bitcoin News
BLU Mission Forms Strategic Partnership with Unidef to Foster Decentralization
PRESS RELEASE. Dubai, UAE — July 10, 2023 – Today, BLU Mission, an organization committed to the growth and integrity of the broader crypto ecosystem, is excited to announce its partnership with Unidef (unidef.org). The collaboration aims to expedite the transition towards a decentralized future. Together, we engage with policy-makers, launch advocacy initiatives, and establish partnerships to ensure that the benefits of decentralization are accessible to all.
Our primary objective in forming this partnership is to stimulate the expansion of BLU Mission by aligning it more effectively with the goal of endorsing decentralized technologies, assets, and initiatives. These efforts empower individuals, communities, and the world at large to create their own destiny.
The partnership offers the community access to Unidef’s exhaustive resources and world-class expertise, thus empowering the project and community with the necessary international resources for effectively managing administrative, regulatory, and marketing needs.
Supporting decentralized communities is critical to drive the shift towards a decentralized future. Unidef’s backing for BLU Mission contributes to the growth of a decentralized ecosystem, where communities with shared visions unite to build a better tomorrow.
Through this partnership, BLU Mission, a community-driven organization committed to the growth and stability of the crypto ecosystem, will further bolster the community’s progress in discovering diverse opportunities and forging networks that will pave the way for a decentralized future.
BLU Mission envisions a future where cryptocurrency is universally embraced and effortlessly incorporated into everyday life. It is an advocacy organization dedicated to promoting the advantages and applications of decentralized currencies and supporting their worldwide acceptance.
Unidef is taking the lead on various initiatives to support BLU Mission and endorse actions that align with its mission through advocacy and impact partnerships. It provides financial backing to a diverse range of entities and individuals who are committed to upholding the principles of a decentralized future. The intent of these actions is to align with the objective of empowering everyone to have full control over their finances, identity, and data.
BLU Mission will continue to advocate for policy changes and provide research and education to nurture a decentralized community’s growth. Stay tuned for more updates on this exciting partnership, as we work together to shape the future of decentralization and $BLU adoption.
About BLU Mission
BLU Mission was founded by a team of crypto and tech veterans with a rich history. The primary objective of BLU Mission is pushing for change, finding opportunities, and building networks that will shape decentralization.
For more information and updates, visit www.blumission.com and follow @BLUMission on Twitter and Telegram.
About Unidef
Unidef (unidef.org) is a global network of organizations working to accelerate the world’s transition to a decentralized future. It invests in and supports communities and builders of next-generation technologies, incubates creative ideas in the Web3 space, and provides institutional support and organizational backing.
For more information and updates, visit www.unidef.org and follow @UnidefGlobal on Twitter, Telegram, Instagram, Threads, Facebook and YouTube.
Disclaimer
This information is provided solely for informational purposes and does not constitute an offer or advice to buy or sell securities, investments, or any assets, including but not limited to tokens, coins, and cryptocurrencies. BLU Mission does not endorse, recommend, or make any representations regarding any exchanges or the purchase or sale of digital assets. It is highly recommended that you conduct your own due diligence before relying on any third-party technology or provider, as compliance, data security, and privacy practices may vary significantly.
Purchasing and selling digital assets is inherently risky, and holders must bear the risk of loss. Neither the owner(s) nor publisher(s) of this material nor any participants in the BLU Mission and Unidef ecosystem accept any liability for losses or taxes incurred by holders, purchasers, or sellers of digital assets. The value of tokens and digital assets may decrease and may be highly volatile.
This material is not intended for any person located in a jurisdiction where purchasing, selling, or holding tokens/ digital assets is prohibited or regulated. It is your responsibility to comply with all applicable laws and regulations in your jurisdiction before transacting any digital assets.
All Forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from the statements made here. The data and non-Unidef names are for informational and identification purposes only. All non-English versions of resources are translations of the original in English and are for informational purposes only.
BLU MISSION
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Cake DeFi Launches A $100 Million Investment Arm To Foster Web3 And Gaming Development
Cake DeFi seeks to strengthen its position in the DeFi and Web3 world. The team will invest up to 0 million into startups and promising projects through its new corporate venture arm. It is a substantial move by the regulated global fintech platform, confirming the need for better industry infrastructure.
Cake DeFi Goes The Extra Mile
Getting more people into the cryptocurrency fold remains one of the biggest industry channels. Yet, despite growing mainstream and institutional interest, decentralized finance and Web3 remain in the early stages of development. The Cake DeFi team makes both verticals more accessible by focusing on a streamlined user experience without unnecessary bells and whistles.
The Cake DeFi platform makes decentralized finance products and services straightforward to use. Moreover, users can achieve high returns regardless of their expertise or technical knowledge. Users can start their crypto journey as a novice or build a strong portfolio as an existing crypto enthusiast. Additionally, there are options to earn free crypto by going through educational content and short quizzes.
Numbers-wise, Cake DeFi paid out 0 million in rewards to its users throughout 2021. Moreover, customer assets were grown by 6x on average, ensuring users receive a healthy return on their committed funds. The team intends to pay out 0 million in customer rewards by late 2022, although that number may rise to billion.
The approach by Cake DeFi has ensured the project has over billion in managed assets. The platform has over half a million registered users and notes growth month-over-month. Its newly launched Cake DeFi Ventures marks a crucial milestone for the project. The 0 million venture arm wants to fuel growth across tech firms focused on Web3, gaming, and fintech.
The Cake DeFi Ventures Approach
Global interest in Web3 and Metaverse technology continues to accelerate. Blurring the line between the real and virtual worlds creates many new opportunities. Users can feel empowered, whereas advertising efforts will differ from how they are perceived today. However, that can only occur if the necessary infrastructure is in place. Additionally, there need to be sufficient payment providers exploring opportunities across these verticals.
Cake DeFi Ventures will invest in companies building for Web3, the metaverse, NFTs, gaming, eSports, and fintech. The Cake DeFi Ventures headquarters are located in Singapore, but the team intends to explore global investment opportunities across startups. All portfolio companies under the CDV banner will receive support from Cake DeFi and can access its suite of products, connections, users, resources, and expertise.
Cake DeFi Co-founder and CEO Julian Hosp adds:
“By launching Cake DeFi Ventures, we strive towards bringing cryptocurrency and blockchain capabilities to the world. With Cake’s current status as Singapore’s and Southeast Asia’s fastest-growing platform, projects which we invest in can expect to receive strong support scaling globally.”
Any project or team can contact the CDV team to apply for funding. The team will review every project carefully before determining whether it is put on the shortlist. Cake DeFi Ventures is also open to working with VC firms or investment funds to explore co-investment opportunities. Initiatives like these paint a bright outlook for the Web3 industry and the various verticals that exist under this label.
The 500 BTC Blind Trust to Foster Bitcoin Adoption, Btrust, Announces First Steps
It’s time for the Btrust to start making moves. And they did so by announcing their “to-do list” and “high level goals.” A month ago, Block CEO Jack Dorsey and rapper and entrepreneur Jay-Z announced the members of the board for their 500 BTC blind trust. Btrust’s purpose is to “make bitcoin the internet’s currency” and their field of action is Africa and India.
Hello World
We’ve been working hard on getting ₿trust set up. To start out, we’ve broken up our to-do list into a set of high level goals.
Each of these tasks require careful thought. We’ll be requesting feedback from the community on individual items in the weeks to come!
— btrustteam (@btrustteam) January 11, 2022
Said members of the board took charge and recently showed the world what they’ve been working on since they did so. “Each of these tasks require careful thought. We’ll be requesting feedback from the community on individual items in the weeks to come!,” Btrust said in its inaugural Twitter thread. Before going through those tasks, though, let’s remember who those members are. At the time, NewsBTC reported:
“The blind trust’s board members are: Ojoma Ochai, Obi Nwosu, Abubakar Nur Khalil, and Carla Kirk-Cohen, the only South African of the bunch. By just casually looking at their Twitter feeds it becomes obvious that they’re all thoroughly dedicated to Bitcoin already.”
Related Reading | South African Man Loses 0,000 Worth Of Bitcoin After Accidentally Deleting Keys
In a recent interview with Blockworks, 22-years old Abubakar Nur Khalil said:
“It’s very, very important for us to keep it as transparent as possible,” he said. “We’ll be communicating a lot about the process, our thinking and the things we’re going to be doing going ahead primarily through Twitter.”
And so they did. Let’s explore what that process looks like and what the Btrust will be working on in months to come.
BTC price chart for 01/12/2022 on Coinbase | Source: BTC/USD on TradingView.com
Btrust’s Guiding Principles And Jurisdiction
Following Bitcoin’s lead, the first thing the Btrust will do is to establish “Genesis Principles.” In other words, “Btrust’s vision will be laid out in an immutable set of principles.” Everybody involved in the organization will follow them, and there will be the option of using soft-forks and hard-forks to resolve disagreements or to accommodate different visions.
There’s another caveat, “Boards are bound to act in accordance with the principles, but the implementation is their prerogative. This provides flexibility, while staying true to Btrust’s vision.” So far, so good. This all sounds very Bitcoiny.
2⃣ Implement Principles
We’ll outline how we’re going to implement each of the principles in our work.
Boards are bound to act in accordance with the principles, but the implementation is their prerogative.
This provides flexibility, while staying true to ₿trust’s vision.
— btrustteam (@btrustteam) January 11, 2022
The next step is crucial, “Entity and Jurisdiction.” Under what jurisdiction will the Btrust operate? What type of entity will they choose to be. “Btrust requires a formal entity to hire employees, contract the board and provide a legal system to hold representatives accountable.”
In relation to this, Nur Khalil told Blockworks:
“We’re looking at starting with Africa initially, but then gradually expanding into other regions in the global South,” Nur Khalil said. “So that’s places like India as well. And then in general, with regards to the overall vision, we feel there’s so many disparities in some of these regions like Africa in terms of the actual amount of talented developers versus those of them that are actually working on Bitcoin.”
Custody And Communication
This is a great opportunity to test out Bitcoin’s multisig superpowers. “We will work on a proposal outlining various custody solutions, with the end goal of safely taking custody of the 500 BTC.” Also, important for people out there, Btrust will be hiring “a full time lead to manage daily operations.”
5⃣ Recruit a Lead
Once we’ve delivered 1⃣,2⃣ and 3⃣, we will be looking to hire a full time lead to manage daily operations of ₿trust.
This is one of the most important board responsibilities, and we’re looking forward to finding somebody to bring ₿tust's vision to life!
— btrustteam (@btrustteam) January 11, 2022
Last but not least, they’ll build something. “We’re committed to building Btrust with input from the Bitcoin community. For now, we’ll be using twitter to communicate our progress, but it’s not scalable.” And they’ll raise funds to set up the organization. “We want to take our time to think about our approach to custody & company formation. This is a prerequisite for any investment. We’ll create a separate plan for how to cover any required set up funding.”
Related Reading | Spiral BTC Releases Lightning Development Kit. Jack Dorsey’s Puppet Promotes It
In relation to this, Nur Khalil told Blockworks:
“What we’re trying to optimize for is trying to do things gradually because there’s a lot and we won’t just look at the ecosystem and just throw a bunch of money on it. We still have to be meticulous on what the impact is.“
Great work so far, Btrust. We at NewsBTC are looking forward to covering your next steps and seeing what the future brings for the organization, Bitcoin, Africa, and India.
Featured Image by EglantineUdry on Pixabay | Charts by TradingView
NewsBTC
Ancient Greek Mythology and the Crypto Market; Olympus Token Seeks to Foster a Relation
Presently in a National Park, Mount Olympus, was at one time home to some of the most powerful Greek gods. According to ancient Greek legend, the mountain Olympus was built after the younger gods defeated the titans in the battle for control of the world. The peaked mountain, according to experts, was created to hide these revered deities from the prying eyes of humans.
All of the Greek gods lived in that mountain, except for Hades, the infamous god of death who had his realm. Most of the gods lived happily; drinking nectar and eating ambrosia.
Similar to the creation of Mount Olympus, Gabe, BogTools, and Bingus, seeking to find the long-lost buyback token, ripped open the mythical doors of Olympus and shared the power of the gods with humans, although in the form of Olympus Token.
Alongside the integrity of the Bingus team, the marketing prowess of the Gabe team, Olympus is ready for its first visit to Selene, the god of the moon. Literally, the consortium of these renowned brands to create the Olympus Token puts on the right path — the moon.
The Olympus Token
Launched by a pre-sale on Sabaka Launchpad, the project is currently the first dual BUSD-reflect and whale buyback mechanism with anti-bot and anti-snap features, albeit pegged at a dynamic anti-liquidity generation.
A token from the gods, this project attempts to unleash all of the powers of Zeus, the sky and thunder god as well as the king of Mount Olympus. According to the team, Olympus strives to carry its users to greater heights only the ancient gods of Greek reached.
Leveraging the immense powers of the ancient gods, this emerging project is introducing a series of unique features into the trillion-dollar crypto market.
The first of these features is the 4% to Zeus. Hailed as the one true king of Olympus and the powerful god of Thunder, Zeus reserves the power to strike down or in this case buyback Olympus Tokens. As the name implies, 4% of all transaction fees gotten from the Olympus network as the first dual BUSD platform, will be used to buy back Olympus Tokens.
Poseidon, the god of the sea, albeit ill-tempered, is charged with the responsibility of calming the waters to prevent the fatal destruction of human life. On the advanced and modern Mount Olympus [Olympus Token platform], 4% of each trade made is added to the liquidity pool [LP] to calm the waters, just as Poseidon did. However, for balance to remain on the platform, excess liquidity of above 25% will be paid off to Zeus, helping lift back the platform while cementing its stance as the first dynamic liquidity generation project.
Incorporating the unique wealth-giving powers of Plutus, Olympus will reward users who have shown faith in Zeus. According to the team, 4% of each transaction will be duly converted to Binance USD [BUSD] and subsequently shared amongst users on the platform, automatically.
To move this advanced and enriching Mount Olympus forward, 2% of each trade will be sent to a separate wallet account for marketing purposes. Not forgetting the betrayed brother, Hades, who’s left to feed on lost souls, the Olympus project transaction fees will be doubled “For Sells” approximately thirty minutes after each buyback. This is part of the project’s Tribute to the god of death.
Seeking to gain from the booming non-fungible token [NFT] market, the Olympus team is expected to release an array of collectibles that, purportedly, will feature pantheons.
The Olympus Token has, recently, been listed on the PancakeSwap decentralized exchange, thus, offering everyone an opportunity to become one of the ancient gods who own Olympus.
How Stellar’s Growth In Q1 2021 Could Foster Further Adoption
Stellar Development Foundation (SDF) has issued its Q1 report. In an official post, the SDF reiterated the importance of its main strategic pillar around Stellar’s blockchain: usability, trust, adoption, and sustainable use cases.
In the past months, Stellar’s ecosystem has started growing on top of this vision according to the SDF. Data provided by the report indicates that the platform has seen a YoY increase in its total accounts standing at 11%.
The total number of operations processed on the network has increased by 100%. Similarly, payments have incremented and 160% with an 84% rise in “relevant assets” with a 29x number of on-network transaction volume made with them, according to the report.
Therefore, Stellar Network’s registered a grown in the number of “real financial instruments” using its platform as a solution. These assets are tethered to fiat currency or stocks in the traditional market.
Stellar enables bull-fun in the crypto market
In addition, the Stellar Development Foundation managed to invest a total of ,5 million in companies like Wyre, Cowrie Integrated System, and DSTOQ via the Enterprise Fund. Every new cooperation put Stellar closer to consolidate its pillar and it’s a new step towards mainstream adoption.
SDF’s Marketing team developed a new case study featuring DSTOQ, Stellar’s latest Enterprise Fund recipient. This case study highlights DSTOQ’s latest business results and features several customers speaking to how DSTOQ empowers them to attain financial freedom.
SDF and Circle’s partnership to launch stablecoin USD Coin (USDC) on Stellar marked an important milestone for this blockchain. As consortium CENTRE, the organization created by Circle and Coinbase to support USDC seeks to be more independent from Ethereum, Stellar took a key role.
(…) pairing the world’s fastest-growing USD stablecoin with the world’s fastest-moving network. Businesses and individual users are now able to leverage USDC while taking advantage of Stellar’s low cost, speed, and security features.
As shown by recent data from Glassnode, stablecoins and their market cap increase are apparently correlated with cryptocurrencies’ performance. The more demand for these assets, the more institutions, and retail investors need them to enter the market, as seen below.
![Stellar Lumens XLM](https://www.newsbtc.com/wp-content/uploads/2021/04/Stellar-Lumens-XLM-1-860x476.jpg)
XLM is trading at ,60 with an 8.6% correction in the daily chart. In the weekly chart and monthly chart, XLM has good performance with 12.2% and 53% profits respectively.
![Stellar XLM](https://www.newsbtc.com/wp-content/uploads/2021/04/Stellar-XLM-860x424.png)
Binance Incubator Program to Foster Innovation For Blockchain and Crypto
The bear market this year has seen an exodus from cryptocurrencies for a lot of people and companies. Not all are so pessimistic though and not all are in it for a quick buck. Binance is one of the pioneers of the industry and has recently launched a program to foster innovation for blockchain and crypto.
Binance Not Deterred by Bear Market
The first batch of initiatives for the Binance incubation program will focus on solving the most critical issues currently facing the industry. There are a number of projects aimed at nurturing education and mentorship in the crypto space run through the exchange’s venture arm Binance Labs.
According to the head of Binance Labs, Ella Zhang, who spoke to Forbes last week explaining the ethos behind the ten week on-site program;
“Through the program, we support entrepreneurs who are solving critical problems for the blockchain industry. In particular, we help participants focus on “BUIDLing” products from an early stage. The term BUIDL is a glossary term from the Binance Academy, originally derived from HODL, a term referring to keeping your heads down and focusing on building your product,”
Over 500 projects applied for the first round of the incubation program and only the top 8 were selected. Those lucky few will get direct funding of 0,000 and full access to the all resources they need from Binance.
According to the report, seven of the eight projects had launched working products and enrolled new members. Three of them already have paying clients and their recent ‘graduation’ from the program will put them on the path to greater things.
Binance also offered the opportunity for these projects to pitch at the Singapore Blockchain Week organized by the company next month. Some of the problems tackled included hardware wallet development, secure logins for dApps, prediction markets, blockchain data insights, computer security systems, and decentralized exchanges.
“There are two problems we have seen in the ecosystem, which helped inform our design of the program: a lack of product-market fit in many blockchain projects, and the market hype that distracts founders from BUIDLing. With the incubation program, projects can focus on shipping a working product or service with product-market fit as quickly as possible,” Zhang added.
Binance has taken the initiative to focus on developing the technology for the future rather than looking at the prices. Its own trade volume is massively down from over billion per day to around 0 million today according to Coinmarketcap. This has not deterred the team though which has not only expanded internationally over the past year but is now channeling energies into education and innovation for the nascent industry.
Image from Shutterstock
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