Real Name Virtual Bank Accounts Required for South Korean Cryptocurrency Exchanges 32262

In the recent past, on November 21st, 2019, the South Korean parliament approved legal amendments to meet international regulatory standards. The Value Network Domain Name System (VDNS) is especially developed by Bithumb as an identity authentication system is an effort to comply with global requirements.

In a bid to ensure that cryptocurrency virtual assets-handling companies in South Korea are in compliance with the recommendations of the International Anti-Money Laundering Organization, Financial Action Task Force (FATF), amendments to the Act on Reporting and Use of Specific Financial Information have been revised by the Amendment Subcommittee on Parliamentary Affairs from the National Assembly, the legislative body of South Korea.

The amendment comes with the new Special Financial Transaction Information Act, which is backed by the Korean Blockchain Association. This officially brings the cryptocurrency sector under the purview of the local mainstream economy. More importantly, real name virtual bank accounts are now a mandatory requirement. The exchanges and its representatives are also now under the purview of the Financial Commission’s Financial Information Analysis Institute (FIU) and report directly to them.  According to the approved revisions, noncompliance could result in a 5-year jail term including a fine of up to 50 million Won ($42,000 US Dollars).

The Current Situation

South Korea’s cryptocurrency industry faces stifling restrictions, more notably, after January 2018, when the Financial Services Commission cracked down against anonymous virtual accounts, tagging large transaction volumes as potential money laundering targets, leaving only a handful of cryptocurrency exchanges permission to have commercial bank accounts and continue operations, Bithumb being one. With South Korea accounting for nearly 20% of the world’s cryptocurrency transactions, this niche industry was severely affected when banks put an end to the practice of the limitless operation of only virtual accounts for its cryptocurrency-using customers.

Enter Bithumb Chain and the Value Network Domain Name System

Bearing in mind the need to simplify on-ramping onto the cryptocurrency world for new businesses and the general public alike, Bithumb Chain’s Value Network Domain Name System (VDNS) was built to serve as an identity authentication system. With Bithumb Chain’s VDNS system, every on-chain address is entitled to one top-level domain with a domain name of up to 32 characters. The VDNS system offers users to issue non-public proofs on the blockchain, and a way to authenticate such proofs against the issuer’s domain name linked to their addresses, thereby meeting the demand for transactional privacy as per FATF requirements as well. 

About Bithumb Chain

Bithumb Chain is designed to be a multifaceted solution targeted to solve various on-ramping issues in the cryptocurrency world serving as a bridge between various off-chain and on-chain services, products, and infrastructure. Bithumb Global is presently one of the leading cryptocurrency exchanges of South Korea and the world.

For more information on Bithumb Chain and Bithumb Global, please visit www.bithumb.pro

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Crispmind Set to Revolutionize Cryptocurrency Spending with Tectum Emission Token Listing on Travala 12093

To address the latest approach in the landscape of cryptocurrency spending, the company has revolutionized cryptocurrency spending with the Tectum Emission Token listing on Travala. The company empowers $TET holders to use them for payments for their holiday expenses without converting to fiat. The Tectum Emission Token is the driving force behind the Tectum blockchain and its extensive ecosystem, enabling seamless transactions. Validators within the network stake a specific amount of tokens to process transactions on their respective nodes, while merchants conduct transactions and pay commissions in TET. This unique system ensures the sustainability of the cryptocurrency, adding intrinsic value to its use cases.

In addition, Crispmind’s innovative move to list Tectum Tokens aims to eliminate these inefficiencies and enhance how people send cryptocurrencies. With this collaboration, Travala emerges as the ideal platform for this transformative endeavor. The travel agency allows users to pay for tourism and hospitality services without converting their crypto holdings to fiat. Tectum Emission Token is set to be listed on Travala by joining the ranks of well-established cryptocurrencies such as Bitcoin, USDC, and USDT on the platform. This strategic approach ensures that new and existing users can seamlessly send Tectum Tokens and spend them directly from their Wallets.

Moreover, the $TET token holders can access many services from the specified date and time, such as flight tickets, travel gift cards, hotel bookings, travel credits, tourism-related activities, and commitment to enhancing cryptocurrency usability.

Furthermore, Crispmind’s dedication to making Bitcoin spendable is evident through its innovative applications, such as SoftNote Bills and SoftNote Cash. The listing of TET on Travala serves as a testament to Tectum’s overarching pledge to make cryptocurrencies more accessible and spendable in everyday transactions.

About Crispmind:

Crispmind is a top-notch software development company with decades of experience developing cost-effective and customer-centric solutions. For several years, this establishment has leveraged the experience and expertise of the best developers to create ground-breaking products and services.

This ranges from secure messaging and user authentication to the fastest layer 1 blockchain, distributed ledgers, and cryptocurrency. Its innovative approach has seen Crispmind onboard private companies and governmental institutions as clients. Regardless of the project, the principle of this company has always been to “create simple solutions for complex problems.”

Additionally, this tech company plans its new projects with new approaches and aims to bring innovations as well. The projects include Tectum – the fastest layer 1 blockchain in the world with a proof of utility consensus protocol and zero-knowledge proof system. Tectum Wallet – a comprehensive blockchain wallet that is simple to use and enables people to manage their digital assets in one place. SoftNote Bills – crypto cash that makes Bitcoin more spendable. X-Factor Authenticator – a quantum-proof three-factor authentication protocol that utilizes a human-machine security algorithm to ensure maximum security.

Website URL: https://tectum.io/, https://www.softnote.com.

MONSTRO’S DEGENZ! Aims to Make DeFi Fun AND Profitable Again Through Transparency and Innovation 12671

2024 01 23 16 09 30

Earn 2-6% Daily with NO WAY TO LOSE – Guaranteed!

Since its launch on December 27th, 2023, MONSTRO’S DEGENZ!, the latest addition to Monstro’s Universe, has created a significant buzz in the DeFi space and taken in an astounding $1.1M USD in BNB deposits. Renowned for upending traditional approaches, DEGENZ! turns the promise of “too good to be true” daily passive income (2-6%!) into a sustainable reality, steering clear of the problems that have plagued similar ventures.

Recognizing the inherent challenges in “ROI dApps,” which often falter due to dependency on continuous capital influx or fall prey to fraudulent activities, the Monstro team has instituted a robust strategy. This plan is grounded in an understanding of the typical pitfalls for investors in ROI dApps and introduces innovative solutions from the outset.

MONSTRO’S DEGENZ! distinguishes itself through a unique dual-phase approach. Phase One encapsulates the excitement of daily earnings, blending game theory and strategic decision-making. Participants face intriguing choices: reinvesting for multipliers, claiming earnings, or purchasing NFTs to enhance earning rates.

As the influx of fresh capital eventually subsides, DEGENZ! seamlessly transitions into Phase Two. This phase involves halting new deposits and issuing NFT “receipts” to wallets yet to claim their promised profit (ranging from 150% to 300%). These receipts enable holders to earn real, external yield from farming and liquidity operations, paid in USDC weekly. This approach, successfully implemented since August 2023 with Monstro’s Farmz!, leverages a 30% deposit fee reinvested in DEXes like Trader Joe, Orca, Uniswap V3, Sparkswap, and Alienbase.

“It’s not about if, but when you’ll profit. This assurance sets us apart from other projects in the space, a claim few can make,” asserts 0xVarius, a co-founder of Monstro’s Universe.

Enhancing the offering, DEGENZ! features an aggressive referral program. Referrers can earn 5-20% based on the total deposit volume they introduce, with an innovative “cashback” option for their downline. This user-friendly feature allows referrers to automatically share rewards, facilitated by the smart contract, embodying Monstro’s ethos of community and ease.

Deposit today and remember, you’re still early!

About Monstro’s Farmz!

Monstro’s Farmz! epitomizes passive income, boasting nearly $500,000 USD in Total Value Locked (TVL) and nearly $230,000 USD disbursed to its community in just five months. The platform invites users to effortlessly watch their earnings grow, with USDC payouts every Wednesday. Emphasizing transparency and accountability, all contracts, wallets, and positions are publicly accessible, reflecting the team’s commitment to absolute openness.

About Monstro’s Universe

Monstro’s Universe is crafted for both thrill-seekers and astute investors, blending captivating characters with the promise of steady, passive income. It’s a realm where DeFi is not just profitable, but also enjoyable. Regardless of your investment goals, Monstro’s Universe offers treasures tailored to your ambitions.

Guided by a seasoned team of crypto experts, Monstro’s Universe prioritizes fairness and transparency. All operations are public, recorded on-chain, and uphold the highest standards, underscoring the team’s dedication to the integrity and vitality of Monstro’s Universe.

Website | Telegram | Twitter | Discord | Wiki

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

zkLink Reveals Public Registration Date for $ZKL Token 11655

$ZKL token realizes high-performance DeFi through zkLink’s cutting-edge zero-knowledge rollup infrastructure and newly launched Nexus platform

zkLink, a trailblazer in the zero-knowledge blockchain sector, today announced the release date for its new token, $ZKL. Following the Community Token Sale on Coinlist, $ZKL will be available to users starting Thursday, January 25, 2024, at 18:00 UTC.

The launch of the $ZKL token, the native utility and governance token for the zkLink protocol, is a significant milestone in zkLink’s mission to eliminate the liquidity fragmentation issues present in the Layer 2 (L2) ecosystem. $ZKL serves as a resource that allows developers to easier access the zkLink rollup infrastructure service, including the zero-knowledge (ZK) proof markets; govern the protocol’s development through the zkLink DAO; and pay for ZK proof computational resources.

“We look forward to presenting the community with an asset that allows them to help shape the zero-knowledge rollup ecosystem’s direction in 2024,” commented Vince Yang, Co-founder, zkLink. “As outlined in our 2024 Technical Roadmap, we have several key developments planned to encourage our community to be more involved in building dApps that enable smoother, lower-cost DeFi experiences.”

The $ZKL token joins the list of native tokens and multi-chain assets across the connected L1s and L2s, including FTs and NFTs that users can trade on a unified user interface. It will be a non-inflationary ERC20 token issued on the Ethereum Mainnet with token supply capped at 1 billion. $ZKL will serve as the default payment token for ZK proof generation services and users can obtain DAO voting rights by staking to obtain veZKL.

Along with announcing the upcoming $ZKL token sale, zkLink recently released details on major upcoming updates to its protocol, highlighted in the 2024 Technical Roadmap. Users can learn more in zkLink’s new whitepaper about how multi-chain ZK-Rollup infrastructure serves as a solution to unify fragmented liquidity across ecosystems and return pricing power to decentralized exchanges (DEXs).

About zkLink

zkLink develops zero-knowledge blockchain infrastructure solutions for high-performance ZK applications. Its flagship zero-knowledge Layer-3 blockchain solution, Nexus, is designed to bridge the gap among different zk-Rollup Layer-2 ecosystems to reduce liquidity fragmentation while providing security and scalability via zk-Proofs.

zkLink is funded by notable backers including Coinbase Ventures, Ascensive Assets, SIG DTI, BigBrain Holdings, Efficient Frontier, and others.

About zkLink Nexus

zkLink Nexus is a Layer 3 solution for native crypto assets from zkRollups, such as zkSync, StarkNet, Scroll, Linea, Taiko, or the Polygon zkEVM, in the Ethereum Layer-2 ecosystem. Now developers looking to deploy their project on Layer 2s no longer need to worry about fragmented liquidity, chain-specific deployments, security risks, or high costs that can result from transferring assets between ecosystems.

Mint and Trade Real-World Addresses Onchain with PropyKeys dApp, part of Propy ecosystem 12770

Propy keys press release 800x600

January 3, 2024, 10 am EST, Miami, Florida – Today, PropyKeys, a new gamified application, part of Propy ecosystem, introduces a home addresses market onchain. It is a decentralized application (dApp) game, powered by the PRO token and launched on Base, a layer-2 network operating on top of Ethereum and part of the Coinbase ecosystem. Participants can mint their own or someone else’s home addresses onchain and stake or sell later.

Real estate has long been restricted by barriers to entry such as exorbitant title fees and inefficiencies that blockchain can simplify. Propy and its ecosystem companies aim to make homeownership seizure-resistant, more affordable and user friendly. The $280 trillion market has remained entrenched in a “no trading zone,” but PropyKeys seeks to rewrite this narrative by being a fun entry point to the Propy ecosystem and title onchain. Now, anyone can start their onchain journey by minting home addresses via PropyKeys,and then verifying ownership via Propy, and even creating instant property sales or micro mortgages—all within the onchain Propy ecosystem.

“Imagine a world where every property’s rightful ownership is seamlessly encapsulated in an immutable onchain title”, said Andrew Zapo, lead contributor to PropyKeys. “Picture a future where individuals can effortlessly engage in peer-to-peer property transactions or leverage their property holdings for micro mortgages. This future, underpinned by blockchain’s trustless architecture, redefines property rights autonomy and, in turn, societal norms.”

Unlocking Property Ownership

Propy keys screenshot 003


At its core, PropyKeys addresses critical pain points:


Democratized Minting and Trading

PropyKeys allows crypto natives to mint addresses, stake them, and seamlessly facilitate trades with property owners. Address NFTs could be minted for a PRO token fee. Home address holders and real owners of properties of the acquired addresses have the following advantages for the 3 tiers of NFTs. Inherent in the tokenomics strategy is the collection of $PRO as a fee for minting onchain addresses and property titles. This fee structure, while sustaining ecosystem development, simultaneously incentivizes community participation. 100% of the collected fees from addresses are redirected to incentivize and reward the network of address owners, ensuring active engagement and network growth. Additionally, mechanisms such as staking and governance participation offer avenues for token holders to contribute and influence the ecosystem while earning rewards in $PRO tokens.

Additionally, in the future, the community will be incentivized to provide loans for collateralized RWA NFTs via a secure protocol, developed by the Propy ecosystem of partners.

Onchain Titles & RWA NFTs

Property owners can elevate their addresses to onchain titles, enabling them to stake these titles or convert them into Real World Asset (RWA) NFTs. These NFTs facilitate easy sales or micro mortgages, opening new avenues for property transactions.

Propy keys screenshot 002

Trust & Security

Leveraging user trust, PropyKeys champions an onchain, open-source, and community-governed title registry. By replacing paper deeds with algorithm-based systems, the platform guarantees a trustworthy and secure environment for all users.

Get your real-world address minted today

Visit PropyKeys.com today to mint your real-world address onchain. Join the movement empowering accessible property transactions and ownership like never before. PropyKeys’s innovation embodies philosophical tenets—trust and transparency. The transition from conventional property registries to blockchain-based onchain titles instills trust in algorithms rather than centralized intermediaries. This philosophical shift reverberates beyond the real estate sphere, transcending into a broader societal paradigm that has started its rapid revolution with programmable decentralized money.

About Propy:

Propy is a pioneering platform leveraging blockchain technology to facilitate seamless transactions of real world assets (RWA), specifically focused on revolutionizing global real estate markets. As an industry leader, Propy specializes in providing secure and efficient solutions, ensuring an enhanced experience for buying and selling properties worldwide.



X (Twitter): https://twitter.com/PropyInc
Facebook: https://www.facebook.com/propyinc
Website: https://propy.com/
Media contact: [email protected]

Disclaimer: This press release contains forward-looking statements and should not be construed as investment advice. The actual results may differ materially from those projected in the forward-looking statements.

Market Haven Experts Post Special Analysis of Crypto Prospects After SEC’s BTC ETF Approval 12371

The green light for a Bitcoin-centric ETF by the SEC has sparked a buzz of anticipation in the crypto sphere. This pivotal move paves the way for a surge in crypto adoption as it integrates Bitcoin into more conventional, regulated financial avenues. Analysts at the reputable online brokerage brand Market Haven are now intensely scrutinizing every ripple in the cryptocurrency sea post this landmark SEC endorsement. This breakthrough ushers in a new epoch for traders to dive into crypto waters via Market Haven, where they can benefit from an optimum trading environment.

“The SEC’s approval of Bitcoin ETFs is not just a milestone, it is a catalyst that is set to electrify the entire crypto market,” stated Firstname Lastname, Market Haven spokesperson. “This fundamental decision marks a paradigm shift, signaling a wave of institutional investment and legitimizing cryptocurrencies in the mainstream financial arena. As the crypto landscape evolves with this new momentum, we stand ready at the forefront, committed to providing traders with an unparalleled platform that embodies the dynamism of this new era in crypto trading.”

A seamless channel to digital currency world

Market Haven is a prominent trading broker, incorporating high-tech features and facilities. The brand includes advanced educational content, news updates, a VIP program, and quick transactions that are vital in quick and effective decisions.

“At Market Haven, our brand is built on the cornerstone of empowering clients with revolutionary services, providing them with an optimal forum to capitalize on promising opportunities,” added Lastname, Market Haven spokesperson, “The anticipated launch of a spot Bitcoin ETF stands as a notable moment for the industry, expected to generate a staggering demand, potentially reaching up to $3 billion in the initial days. In this dynamic environment, we are dedicated to ensuring a seamless and rewarding experience for clients.”

About Market Haven

Market Haven is a reputable trademark among many other brands present in the market. The broker provides a wide range of trading instruments so that clients can have multiple markets at their disposal. Moreover, the brand offers a range of account types, starting from simple ones like Litecoin accounts to more sophisticated options like Rockefeller. Also, their referral program gives traders an extra bonus and enables them to make additional earnings when navigating financial markets. All in all, Market Haven maintains client-oriented services, thus establishing an attractive trading forum for aspiring participants.

Website: https://markethaven.com

UNS, The right project to participate in this Bull Run 12191

Who on the planet will miss a project based BEP20 Token that has proven 600% growth in just around 6 months after getting listed and has been protecting investors’ interest through its remarkable performance resulting in extraordinary ranking in CoinMarketCap between 500 and 700 with a watchlist of 103000+ and great following community across the globe in almost all major social media platforms? Looks like the BEST USE CASE in CRYPTO EXPO DUBAI 2023 was given to it only because of the traits the token possesses.

It’s none other than UNS, a project based multisector utility token. One must be curious and wondering how this kind of extraordinary growth became possible in such a short span of time. It just became possible because of the evergreen projects that the token depends on like business activities in Hydroponic farms in AGRICULTURE, Online and Offline courses in EDUCATION, Solar Power Plants in RENEWABLE ENERGY, Essential Medicines in HEALTHCARE, own DEX, CEX, BCT PLATFORM and GAMISM for the strong liquidity. UNS has already pilot projects going on in aforesaid Agriculture, Education, DEX etc and the rest of the projects are under development. UNS’ own BCT network is capable of processing 2000 transactions per second and can be witnessed in its testnet that is live at https://testnet.unscan.io.

To the question why UNS is taking this kind of a route in BCT industry in Crypto domain, the CEO of UNS Mr.Suresh Sathyanarayanan says, “Not only the traders’ mood swings and the news prevailing in the market should determine the price of a token or coin, but the profits made out of real life projects should back the token or coin and only then can we protect investors’ interest with standard liquidity”. He adds, “Investors’ and traders’ trust over UNS is important for us and that’s why we directly pump the complete profits made in the real life and BCT projects as well to the liquidity pools present in PANCAKESWAP and the centralized exchange/s UNS is listed on through on-ramping method”.

Looks like that’s the reason why UNS branded cars are running in the Hi~Tech roads of UAE with RTA Approval. UNS announced that it’s organising a Blockchain conference called BCT ENTHUSIASTS IN DUBAI from Apr 17 to Apr 2024 for 5 days, it has already invited 100 Blockchain Enthusiasts and Scientists to register their profiles in https://bctenthusiastsatdubai.com through various possible channels and it’s promised that all the selected 100 personalities will enlighten the whole world on emerging Blockchain Technology through their panel discussions and speeches in the conference. Notable point is that, UNS is sponsoring the complete travel, stay and food expenditure to all the100 Blockchain Enthusiasts and Scientists at Dubai between Apr 17 and Apr 21, 2024. All preparations are already on for the event. 900 are the maximum people who can participate in the conference and they’re also given the opportunity to register for the event now itself at https://bctenthusiastsatdubai.com.

People can visit https://uns.technology to see the complete team involved in the unique project with whitepaper and all other stuff anyone needs to do research about.

Understanding the potential of the UNS ecosystem, so many International Inflencers and National Influencers of different regions across the Globe in the Crypto Domain have already started recommending UNS TOKEN to people in Crypto space. CryptoAman YouTube channels and the respective social media platforms of theirs are consciously supporting UNS so that traders and investors land in safe hands. It’s reported that CryptoAman and many other influencers will soon have collaboration with UNS MOVEMENT to act with the fullest possible potential to take the ecosystem to greater heights.

Traders and Investors have been trading and investing at PANCAKESWAP and the CENTRALIZED EXCHANGE/S where UNS token is listed.