South Korea: Military Blocked From Trading Crypto 347

Soldiers in South Korea will no longer be able to access online cryptocurrency trading websites whilst at military bases. A notification issued Monday by the Ministry of Defence outlined plans to crackdown on digital currency trading. They also began shutting down access to websites about Bitcoin and other virtual currencies at the same time. The notification read:

“According to internal rules, we will gradually shut down internet access to websites on encrypted currency starting Monday.”

The measure is in line with other prohibited material on military bases. This includes pornography and online gambling websites. The Korea Times report that a further crackdown on soldiers using cryptocurrency might be incoming. According to a ministry official:

“We are going to announce specific countermeasures for cryptocurrency transactions made in military units… The ministry is in internal talks to confirm whether it is against military regulations.”

The unnamed source reportedly continued to suggest that the tightening of regulations aimed to protect soldiers’ morale against the potential ill-effects of a market as volatile as cryptocurrency.

As of yet, it’s unclear what additional preventative measures the Ministry of Defence will take against those using cryptocurrrency. However, since Monday access to websites about cryptocurrency and exchange pages have been blocked at internet cafes on military bases.

An online notice posted Monday by the military also said:

“According to internal rules, we will gradually shut down internet access to websites on encrypted currency starting Monday… We urge soldiers to refrain from visiting digital token exchanges to avoid disappointment from our decision to block access to relevant sites.”

In addition to the Ministry of Defence getting tough on cryptocurrency, they have also announced that they will offer troops classes on financial education. This is because it is difficult to access such information whilst staying on a base. However, just how free from bias these classes are remains to be seen. It seems likely that any anti-cryptocurrency sentiment running through the government will trickle down to their soldiers’ education.

The news about the military crackdown on Bitcoin and other cryptos comes amid heightened regulatory fear from South Korea. The government there have been posturing about changing legislation regarding digital currencies. It’s unclear how they will go about this at present. Finance Minister Dong-yeon said on Monday that the government were considering whether to shut down domestic crypto exchanges. According to the government minister:

“The thing is the scope of reasonable regulation, but there is no global standard on it… We are coming up with comprehensive regulatory packages, including taxation or real-name-based trading on digital tokens.”

Previous ArticleNext Article

Leave a Reply

Inery Acquires Investment From Metavest at $128m Valuation 4902

Inery a decentralized data management system, has announced that it has secured an investment from web3-focused blockchain VC firm Metavest in the first week of September at the valuation of $128m

Inery is a decentralized data management system bringing DB to Web3. It provides low-cost, reduced latency, secure, and tamper-resistant solutions for data management. The data management system aims to ensure users, including gamers and businesses, retain control of their data in the metaverse via owner-controlled data assets.

Based in Singapore, Inery has branch offices in Switzerland, Dubai, and Serbia – a truly multicultural company, relying in full on the strength of its in-house teams. Since its inception, Inery has attracted the attention of the blockchain industry due to its elegant solutions for one of the main issues of Web3 – database decentralization and security.

Inery’s use cases can be applied to diverse sectors, including governments, enterprises, aviation, GameFi, healthcare, and metaverse. It provides a potential cross-chain solution for users to interact with their data assets in the entire metaverse domain using its DB solution. The project rolled out its first public testnet on August 10, 2022, preceding its upcoming launch, and is also scheduled for listing at the end of the third quarter of 2022.

Through this funding, Inery aims to expand its use cases—particularly in GameFi, where the company seeks to explore the full potential of the booming gaming industry with verified digital ownership of assets. Additionally, Inery aims to build a space for its users to seamlessly create and share NFTs.

Metavest has previously invested in and made strategic partnerships with several successful blockchain projects. Their investment portfolio includes Concordium, CasperLabs, Coinlist, Gala Games, Bored Ape Yacht Club, Splinterlands, Star Atlas, Duelist King, Nakamoto Games, Ember Sword, and more.

“Inery is very selective when it comes to new partnerships and collaborations. We aim to become a pillar of Web3, which is why when Metavest showed interest in our project, we were more than happy to partner with a Metaverse and NFT-focused platform. We believe that Inery and Metavest can extensively help each other reach both companies’ goals” said Inery CEO and co-founder Dr. Naveen Singh.

Inery will list its token in Q3 of this year (2022). Visit the company’s website and follow its official social media accounts to learn more.

About Inery

Inery is a proprietary layer-1 blockchain and decentralized data management solution. The network enables a decentralized, secure, and trusted foundation for database management by leveraging blockchain technology. It integrates blockchain functionalities and distributed database properties to create a paradigm shift in data access, storage, and management.

About Metavest

Metavest Capital is a blockchain VC firm, focused on Metaverse and NFT gaming projects. Their core investments include play-to-earn games, digital tokens, and in-game assets. It offers capital, strategy, and advisory to a variety of exciting new projects within this growing ecosystem.

Ergo Foundation Announces ErgoHack V: Mining and Minting 4915

This fall, the Ergo Foundation will host the fifth iteration of the highly successful ErgoHack series. This latest hackathon will take place from October 3-20, 2022, and it will be co-presented with Flux, Alephium and the Djed Alliance. With the much anticipated Ethereum Merge coming this fall, this ErgoHack aims to inspire developers and entrepreneurs to explore projects as they relate to mining and minting with the potential for cross-chain development and deployment (for example, consider the ways your project could take advantage of the tools on these other blockchains). Please note that although the theme of the hackathon deals with mining and minting, any and all project proposals are welcome for submission.

As a Layer 1 blockchain, Ergo is one of the most active platforms in terms of developer activity – it continually ranks amongst the highest in this category on Stack. Ergo hackathons have become an identifying feature of the platform over the last year, and previous ErgoHacks have yielded some of the most used dApps currently in the ecosystem. With the upcoming Ethereum Merge, there will be countless miners looking for a new crypto to mine, and Ergo is poised to welcome a great deal of those miners. The Ergo Platform is optimally situated to offer miners several technological innovations in the Proof of Work mining industry (ie. Storage Rent, governance responsibilities, etc). Ergo is already starting to see increased hashrate migration with the network hashrate up over 250% since the beginning of August.

With an eye to the future of Proof of Work mining, ErgoHack V: Mining and Minting will primarily focus on creating dApps, tools, and infrastructure to further attract miners that will be looking for a new crypto to mine after the Ethereum Merge. Those who are interested in participating in this exciting opportunity are encouraged to visit the ErgoHack website for details on how to submit an application. The ErgoHack V prize pool is also the largest to date! Prizes include:

1st Prize – 10k SigUSD
2nd Prize – 6k SigUSD
3rd Prize – 2k SigUSD

Additional prizes from co-presenters will include 1800 DACAU (Djed Alliance Contribution Accounting Unit), 20k ALPH, and more!

Ergo is setting the new standard in the evolution of Proof of Work blockchains. Together with our partners, participants are invited to help us build the future of blockchain and to explore the potential for cross-chain deployment. Are you ready to help build the future? Visit the Ergo Platform website for more information on Ergo and get your ErgoHack application started today!

ErgoHack V Sponsors and Presenters

Ergo

Ergo is a robust Proof of Work, smart contract platform built on the eUTXO model with numerous technological innovations, including NIPoPoWs, Storage Rent, Sigma Protocols, ErgoMixer, SigUSD, and subpool mining to name a few. It was fairly launched with no pre-mining, no pre-allocation of tokens, and no venture capital partnerships. The entire supply of ERG tokens has been reserved for the mining consensus, save a small portion (4.37% of the entire supply) that was sent to a treasury fund to be spent on promoting and developing the Ergo blockchain. The team behind the project represent some of the greatest minds in blockchain development, with numerous years of experience and countless academic papers to their credit. At the time of writing, the ERG token is up over 195% from the middle of July 2022.

Djed Alliance

Djed is a formally verified crypto-backed autonomous stablecoin protocol. Ergo’s main stablecoin, SigmaUSD, is a deployment of an open-source implementation of this protocol. The Djed Alliance stewards the evolution and growth of the Djed protocol, with the mission of bringing stability to the cryptocurrency industry.

Alephium

Alephium is the first operational sharded L1 blockchain scaling and enhancing on PoW & UTXO concepts. Decentralization, self-sovereignty, and security meet high-performance, accessibility, and energy efficiency in a dev-friendly network optimized for DeFi & smart contract applications. For more information, please visit Alephium’s website.

FLUX

Flux is building a new generation of scalable, decentralized cloud infrastructure. Developing Web3, Flux offers the advantages such as redundancy, interoperability, decentralization, and cost efficiency. For more information, please visit Flux’s website.

DigiFT and Diners Club complete redemption of the first regulatory-compliant corporate note security token 4996

DigiFT, which aims to provide regulated decentralized finance solutions on the Ethereum public blockchain, has successfully completed the issuance, secondary trading, and redemption of a corporate note security token on its decentralized exchange (‘”DEX”). To commemorate the completion of DigiFT’s inaugural listing, 100 NFTs will be minted and air-dropped to partners and various stakeholders.

The one-month note issued by Diners Club (Singapore) Private Limited (“DCS”) was fully subscribed at its initial offering on August 1st, 2022. Investors were able to trade the security token on DigiFT Security Token DEX efficiently with 80% of the transactions completed through the Automatic Market Maker (“AMM”) mechanism. Unlike a traditional exchange that relies on active market markers to complete a buy or sell order, AMM facilitates secondary market trading via smart contract liquidity pools.

Henry Zhang, CEO of DigiFT, shared, “Our token investors are the first in the world to trade real-world regulated financial assets on a public blockchain DEX. We will continue to innovate and offer more investment products for digital users in a regulatory-compliant manner.” Mr. Philip Koh of DCS shared, “The token is a significant breakthrough that leverages the benefits of blockchain to develop an alternate source of funding.”
DigiFT, founded in 2020 by Wanli Li and Henry Zhang, is striving to be the first regulated decentralized security trading exchange and is currently operating in the Monetary Authority of Singapore’s FinTech Regulatory Sandbox (“Sandbox”) as an exempt Recognised Market Operator with a Capital Markets Services licence. The blockchain-based exchange is the first decentralized finance trading platform admitted into the Sandbox. It facilitates the primary offering and secondary trading of security tokens backed by financial assets. As a result, investors can trade directly from their digital wallets after completing a know-your-client onboarding process.

DCS is a franchisee of Diners Club International Ltd., a direct banking and payment services company. The company has a large cardmember base in Singapore.

About DigiFT

DigiFT aims to provide regulated decentralized finance solutions on the Ethereum public blockchain. DigiFT launched the first regulation-abiding digital asset exchange. Asset owners can issue blockchain-based security tokens on our platform, and investors can trade with continuous liquidity via the Automatic Market Maker mechanism. DigiFT is a global outfit backed by well-established venture partners. The founding team originates from Goldman Sachs, UBS, Citibank, and Morgan Stanley. It has deep blockchain technology knowledge, having successfully developed digital asset exchange and products in the past.

Win $150,000 USDT with CoinFloww Beta Launch 5063

2022 09 10 в 15 16 10

Digital asset trading has long suffered due to high crypto exchange transaction fees, regulatory hurdles by regulators, and stringent crypto exchange rules. Then came CoinFloww, the most advanced digital asset exchange.

Based on the world-class digital asset exchange technology, CoinFloww is proud to launch at a time when crypto exchanges are fighting for rights and struggling with a fraught market.

The team behind CoinFloww Exchange is constantly improving our UX and UI so our users can have extraordinary trade experiences. Our new UX and UI design of CoinFloww will be updated soon.

Rather than profiteering on crypto startups, CoinFloww is on a mission to nurture and patronise upcoming projects. CoinFloww does not charge any listing fee and offers reasonable promotional packages.

Derivative users are often left behind in the crypto ecosystem, but CoinFloww Exchange is a platform that truly caters to derivative traders with up to 300x leverage.

CoinFloww is not just a digital asset exchange; it is more than that. Besides typical digital asset exchange functions, CoinFloww has a roadmap of becoming a one-stop application for the crypto user to gain financial freedom.

CoinFloww has recently announced its whooping 150k USD prize pool. Any CoinFloww user can participate in the CoinFloww Bug Bounty Program to win our prize pool of $150,000.

ChocoDoge isn’t Just a Game, it’s a Complete Ecosystem with Exciting Opportunities 5054

1 2022 09 11 в 0 01 51

The last few years have witnessed a tremendous rise in the GameFi space in terms of revenue and user base. We now have several popular titles, but the craze for most of these tends to subside after a while. It’s mainly because these are centered around the game and do not focus on the other aspects of the domain. And this led to the creation of ChocoDoge, an NFT GameFi project on the Dogechain.

ChocoDoge is an NFT Gamefi project on Dogechain. But that is only the tip of the iceberg. In order to guarantee the project’s long-term stability and financial security, ChocoDoge team additionally provide Defi products with alluring profit margins.

The team at ChocoDoge has developed an extensive project encompassing the various domains in the space. In addition to the NFT game, users can benefit from several DeFi products offering excellent returns on the ChocoDoge ecosystem. There are bonds, a dedicated bank, and farms, but one that has been actively promoted by the team and provides considerable returns is Staking. And that’s what we will be focussing on here.

Staking on ChocoDoge

Staking is when you lock crypto assets for a set period of time to help support the operation of a blockchain and earn passive income. The idea is simple, users deposit their holding (or even a part of it) into the staking pool and are then required to validate the transaction. And it works because users have their investments at stake, and any mistake or mischievous activity on their part will tend to affect their holding as well. It keeps them going and instills a sense of responsibility. The person doing this is referred to as the validator and earns steady rewards from the blockchain for the contribution.

But, you don’t necessarily need to verify transactions or be actively involved to earn the staking rewards. De-Fi projects, these days, offer investors the option to simply stake their holdings and, in turn, receive a steady stream of rewards. And there’s generally a locking period before which the holdings can’t be withdrawn from the pool.

ChocoDoge, too, works on the same idea, the only difference being that the staking process is a lot simpler and delivers a higher return. It can ensure that by employing advanced protocols and building a token-based economy where the supply is favorably modified automatically based on the market trends.

Another aspect that makes staking on ChocoDoge profitable is that users stake USCD while they receive USDC’s rate of return. USDC is one of the popular stablecoins pegged to the US dollar, with a market cap of $54 billion, and is managed by members from CoinBase and Bitmain. And the best part, there’s no Locking Period on ChocoDoge. So users can withdraw their holding from the staking pool at will, though the key is to leave the funds for a more extended period to earn higher returns.

2 2022 09 11 в 0 02 13

The details for Staking Season 1 are as follows:

From: 2022/09/10, 00:00 GMT
To: 2022/09/24 00:00 GMT
Token to be staked: USCD
Rewards: 50,000 USDC

So, go ahead and stake as many USCD to earn the best returns in the market, that, too, in the form of USDC stablecoin, considered one of the safest investments.

About the ChocoDoge Bank

The ChocoDoge bank allows CD holders to stake their tokens and earn rewards in the form of USCD after each epoch if the Time-weighted Average Price of USCD is greater than that of USDC. The duration of each epoch on ChocoDoge is 4 hours, and actions undertaken here lead to 12-epoch locks for withdrawing CD tokens, while for USCD, the lock period is 6 epochs.

USCD is not a stablecoin backed by fiat or cryptocurrency, the token has employed advanced protocols and stability mechanisms to ensure a $1 peg. After the initial expansion and the project acquiring relative stability, the USCD token will also facilitate transactions, including in-game and in-app purchases.

Holding a CD or the ChocoDoge Share provides several other benefits. The primary is voting on critical changes to the platform, including bonuses and rewards. Since ChocoDoge works as a DAO, anyone holding a CD will have the right to vote. If you possess the right intellect and experience to navigate the project through the initial phase to success, acquire as many CD tokens as you can, and become a prominent voice in the community. And remember, the total supply of ChocoDoge Share is capped at 200,000.

To find out more about ChocoDoge, visit the official website: https://chocodoge.dog/

Also, follow ChocoDoge on social channels to stay updated with the latest developments and releases.

Twitter: https://twitter.com/ChocoDoge_
Telegram (Group): https://t.me/ChocoDogeChat
Telegram (Announcement Channel): https://t.me/chocodogechannel
YouTube: https://www.youtube.com/channel/UCSQineQdatnjXM9o91wqahA

XELS to launch new blockchain-based platform for transparent, traceable sustainability reporting 4869

XELS, a startup leveraging blockchain and other next-generation technologies in an effort to help companies across the globe meet and exceed their environmental sustainability goals, will launch a new platform that takes aim at the opaqueness in “scope 3” emissions reporting. While most eco-conscious companies have taken aim at scope 1 and 2 emissions (direct emissions from their own operations and emissions tied to purchased energy usage) in recent years, scope 3 emissions pose a challenge due to being generated across an organization’s value and supply chains (think suppliers, distributors, and retailers).

“While many companies have taken steps to clean up ‘their side of the street,’ we see a lot of them struggling with scope 3 emissions,” says XELS founder and CEO Takeshi Nojima. “By creating a simple and transparent platform that any organization can easily navigate, we’re incentivizing all the moving parts in a product lifecycle to get on board and do their part when it comes to reporting climate goals and moving forward with open and honest carbon elimination.”

The new XELS platform aims to become the “Squarespace of emissions reporting” by making it easy for companies of all sizes to create customizable online reports that both consumers and business partners can view and reference in their quest for achieving net zero. Slated to launch later this month, it will offer a carbon offset education portal, a CO2 emissions calculator, an open venue for reporting ESG targets, and a transparent offset publishing platform that shows an organization’s carbon credit purchase and retirement history on an immutable public ledger. In addition to the reporting platform, clients will also have access to the latest generation of XELS’ tokenized carbon offset marketplace, where XELS utility tokens can be staked to mint custom carbon offset NFTs that represent corporate climate disclosures and real-world carbon offsets.

“We believe that it’s important to put the brakes on emissions by decarbonizing, and that projects to absorb, capture, and store the huge amount of CO2 that we’ve already emitted will become increasingly important in the future,” Nojima adds. “The XELS platform will continue to evolve to improve the transparency and reliability of such initiatives.”

XELS partners with leading companies in the green technology space to offer high-quality tokenized carbon offsets tied to protected lands and reforestation efforts in Japan, Australia, and elsewhere. In addition to its proprietary blockchain technology, XELS also utilizes cutting-edge satellite imagery and artificial intelligence to visualize and quantify actual carbon sequestration.

XELS, founded in 2017, is a member of the Climate Chain Coalition. XELS tokens can already be obtained on the Bittrex Global and MXC digital asset exchanges, and will also become tradeable on the Gate.io exchange starting at 11:00 AM JST on September 9, 2022.