Seattle, Washington, 20th February, 2023, Chainwire
Massive Gaming, NEOWIZโs overseas affiliate, will launch the global social casino slot game House of Slots in March 2023, House of Poker, a global social casino holdโem game will be released as a follow-up.
Before and after launch, tokens, airdrops, and game NFT free minting will be included in House of Slots. Introduced as the world’s first stable blockchain technology-based social casino game, House of Slots is intended to provide users with the opportunity to experience the Play and Earn ecosystem before launch.
House of Slots will offer over 80 different social casino slot machine games and provide users with a realistic and fair gaming experience. Through the Web3-based Play and Earn system, users will be able to unlock rewards in the gameโs decentralized economy, which will give users the opportunity to play games that will allow them to own more value in the game. This provides an opportunity for users of House of Slots to more fully own their value in the game. To this end, the IntellaX ecosystem developed by NEOWIZ in partnership with Polygon is already being serviced globally.
One airdrop event is scheduled before the launch, and user reward events will continue after the launch. Information on airdrops and NFT free minting events can be received through communities on Discord, Twitter, and Telegram. Links to the airdrop page can be found on Gleam. Users who participate in each event must install an IntellaX wallet to receive rewards, and wallet installation is possible through a simple login registration or by linking their email allowing users to easily participate in the events.
There are additional benefits through House of Slots mission play, and in particular, users who will own an NFT will receive more valuable rewards through the NFT holder limited event after opening. While slots may be a solitary game we have built up a community around it. Make sure to join our discord server to relive your big wins. You can also learn more about the upcoming events on our Medium page.
The most notable aspect of this project is the adoption of the stable USDC, a coin fixed to the value of the US dollar. Global users can play various social casino games for free and earn USDC with specific goods provided by the game. This will prevent the decline of the game tokenโs value, which has been the most notable issue with Web3-based games so far. As for the Play and Earn system, users will be paid USDC as a reward, ensuring stability in reward value.
To date, small and medium-sized game developers have experimented with the combination of Play and Earn games based on blockchain technology, but the in-game economies have not provided a stable structure that produces fair benefits to users.
The benefits have only been seen by developers in their token mining profits. However, House of Slots is the worldโs first social casino game service based on blockchain technology that applies a Play and Earn structure that can fairly benefit users due to the use of the stable USDC in the game. Users will be expected to have the opportunity to use various services within the blockchain ecosystem as well as enjoy social casino games through the worldโs first social casino game based on blockchain technology.
For more information, visit:
Discord | Telegram | Twitter | Medium
About Massive Gaming
Massive Gaming is an affiliate of NEOWIZ, focused on the production and publication of Crypto-enabled games and services. Learn more at our Medium – https://medium.com/massivegaming
Official website: https://massivegaming.io/
Contact
Press Relations
Bill Murphy
Massive Gaming
[email protected]
Abu Dhabi, UAE, 20th February, 2023, Chainwire
Venom Foundation, the first Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has teamed up with Hub71, Abu Dhabiโs global tech ecosystem, to provide startups with enterprise-grade solutions and simplify blockchain adoption for businesses.
The collaboration between Venom Foundation and Hub71 will focus on accelerating the growth and adoption of blockchain technologies in the Middle East and North Africa (MENA) region and beyond. Venom Foundation will work closely with Hub71+ Digital Assets, Hub71โs dedicated Web3 and Digital Assets specialist ecosystem, to help startups as well as enterprises with business development, digital asset regulation, blockchain adoption, and related technologies.
The Venom-Hub71 collaboration was brought together by Iceberg Capital, the regulated investment manager based in ADGM which will further leverage its network and expertise to assist the parties in reaching their common objectives.
With an aim to raise industry standards for incubation, acceleration, and grant programs, Venom Foundation will deploy its expertise and know-how in venture capital, venture building, and technology to support startups to grow and scale from Hub71+ Digital Assets. Additionally, startups and established businesses will be able to benefit from the use of the Venom blockchain to successfully transition from Web2 to Web3.
As part of the partnership, Venom and Hub71 will also work together to onboard local and international startups to Hub71+ Digital Assets. By joining the specialist ecosystem, startups will be able to engage and collaborate with a diverse range of partners and leading Web3 entities to accelerate the transition toward disruptive blockchain technologies. Startups will also benefit from Hub71โs value-add programs and incentives.
Peter Knez, Chairman of the foundation council at Venom Foundation, commented: โCollaboration is the key to unlocking the full potential of emerging technologies. We are proud to have struck such a great collaboration, here in the financial heart of Abu Dhabi. By working together, we can build a better future for businesses and communities, from Abu Dhabi to the world.โ
Elodie Robin Guillerm, Head of Growth and Strategy at Hub71, said: โWe are excited to be collaborating with Venom Foundation to help startups in the MENA region develop and scale Web3 technologies from Abu Dhabi. By bringing together leading industry experts and players such as Venom Foundation, Hub71+ Digital Assets is accelerating the growth of disruptive businesses and creating commercialization and investment opportunities for founders.โ
Startups onboarded to Hub71+ Digital Assets will also gain access to Venomโs infinitely scalable blockchain architecture and a team of highly skilled specialists that will help them build their Web3 solutions.
Mustafa Kheriba, the Executive Chairman of Iceberg Capital, said: โWe are pleased with this promising partnership between Venom Foundation and Hub71 and we are confident that this partnership shall be very beneficial for the development of Web3 technologies throughout the region. Iceberg will leverage its expertise in helping both parties achieving their shared objectivesโ
The Venom blockchain is an asynchronous chain that uses a state-of-the art dynamic sharding technology while maintaining decentralization, scalability, and security.
Venom Foundation provides the essential infrastructure that enables startups to grow within a regulated and scalable environment. The Foundationโs primary focus is on technologies in the MENA region that provides easy and secure migrations to Web3 for both private and public organizations and governments, while also handling massive transaction volumes with no increase in network latency or costs.
Hub71โs vibrant community consists of over 200 startups operating in 20 economic sectors. Founded on the values of partnership and collaboration, Hub71 connects entrepreneurs with impact-driven investors and corporates and supports them with scaling their businesses and accessing global markets.
About Venom Foundation
Venom is the first licensed blockchain operating under the jurisdiction of the ADGM, with a license to issue utility tokens. The ADGM is an oasis for investors and financial services firms, positioning Venom as the worldโs first compliant blockchain, affording authorities and enterprises the freedom to build, innovate, and scale.
A portfolio of in-house dApps and protocols has been developed on the Venom blockchain by various companies. It now harbors the potential to become a bridge for the adoption of CBDCs in the Middle East, North Africa, and worldwide.
For more information, visit: Website | Twitter
About Iceberg Capital
ICEBERG Capital Limited is regulated by FSRA as a Prudential Category 3C investment manager based in ADGM. ICEBERG Capital is a fast-growing alternative asset management company that provides diversified investment management platforms that includes direct and private equity, venture capital, technology, and virtual assets. ICEBERG Capital also offers traditional asset management services such as investment portfolios in local and international markets, financial instruments (equities, ETFs, commodities, derivatives, etc), as well as specialized platforms for securities, and blockchain technology.
For more information about Iceberg Capital, visit: Website | LinkedIn
About Hub71
Hub71 is Abu Dhabiโs global tech ecosystem that enables founders to build globally enduring homegrown tech companies in any sector by providing access to global markets, a capital ecosystem, a global network of partners, and a vibrant community filled with highly skilled talent, governed by forward-thinking regulation.
Backed by the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is growing its vibrant community of tech startups, investors, government, and corporate partners to ensure the availability of investment, commercial activities, and incentives from the public and private sectors. Through Hub71โs entrepreneurial infrastructure, value-add programs, enabling services and support packages, founders can build, and scale widely adopted technologies with purpose and impact. Hub71 is on a mission to introduce new minds and technologies to Abu Dhabi, finding new ways to build globally enduring technology companies and sustain the nationโs continuous economic development. For more information visit www.hub71.com and follow us on @Hub71AD #Hub71.
For more information, visit: Website | Twitter | LinkedIn
Contact
Adam Newton
[email protected]
Abu Dhabi has announced its latest initiative for incubating Web3-based solutions around the blockchain and metaverse.
The programme aims to build an ecosystem of Web3 startups along with government, financial, corporate, and other sectors involved across the United Arab Emirates (UAE). In a press release, the Emirate stated it had backed its Hub71+Digital Assets initiative with roughly $2 billion USD.
Abu Dhabi’s initiative also plans to facilitate a cutting-edge blockchain infrastructure along with numerous virtual assets and accommodating regulations.
First Abu Dhabi Bank has tasked its FABRIC research and innovation centre with working jointly with service providers and digital asset platforms to boost and secure use cases for virtual products.
Hub71 will host the initiative by assisting enterprises to work across Abu Dhabi, the Middle East, and numerous markets worldwide. Web3 startups valued over $1 billion USD will receive priority.
According to Ahmad Ali Alwan, deputy chief executive of Hub71, the launch of the initiative would signal Abu Dhabi’s embracing of “disruptive businesses that drive change and transformation on a global scale.”
The initiatives partnership with the Abu Dhabi Market Group (ADMG), FAB, FABRIC, and others would provide funding, research and development, and additional support. Those involved would operate in the largest Middle East North Africa (MENA) region’s regulated virtual assets jurisdiction.
A DIgital Dubai?
The news comes as the UAE pushes to develop Web3 and metaverse solutions, namely after opening a trove of initiatives aimed at building use cases for the emerging technologies.
The nation aims to facilitate the use of non-fungible tokens, metaverse platforms, Web3 solutions, and the blockchain as part of its metaverse strategy launched last year.
The UAE government has been proactive in embracing blockchain technology and the emerging markets it encompasses, including the Metaverse, nonfungible tokens (NFTs), and Web3.
The nation launched a metaverse platform to expand medical services to citizens via the Ministry for Health and Prevention (MOHAP).
Elon Musk has once again promoted his floof-coin Dogecoin (DOGE) after tweeting the new chief executive of Twitter: his Shibu Inu Floki.
Floki is the name of a cryptocurrency similar to Dogecoin and Shibu Inu, which feature the Japanese dog breed. Prices for Floki jumped 50 percent after news of the tweet.
Musk tweeted at the time: “The new CEO of Twitter is amazing.” News of the tweet sent the price of Dogecoin (DOGE) skyrocketing from 0.08294 to 0.89 at its peak, or a jump of 5.4 percent, CoinMarketCap data revealed.
Following Musk’s acquisition of Twitter in late October, he replaced former Twitter CEO Parag Agrawal after a suspected row between the two executives. Musk unfollowed Agrawal on Twitter after the former became the largest shareholder of the company.
After the incident, Musk posted a poll on whether he should resign as CEO of the firm, but later lost his position after people voted him out.
He said in a tweet in December: โI will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams.”
According to reports, Floki’s price doubled after its decentralised autonomous organisation (DAO) passed measures to burn $100 million in tokens.
This decreases token supplies and boosts the value of remaining ones by decreasing circulation numbers.
Twitter Updates, DOGE Pupdates
News of the latest senior appointment to Twitter comes after Musk pumped DOGE to roughly 8 cents in late October. Circulating reports that Twitter could develop wallets for cryptocurrencies triggered the 40 percent spike in the altcoin’s value. Further reports confirmed the measure.
Twitter started its application processes for licencing across the United States for the pending payment system. Working with product manager director Esther Crawford, Musk hoped to open the services for “peer-to-peer transactions, savings accounts and debit cards.”
Additional news broke in August last year after the Ethereum network launched its long-awaited software update. The developments pushed Dogecoin up 14 percent over five days time and Shibu Inu roughly 40 percent, data from Bloomberg revealed at the time.
Singapore, Singapore, 18th February, 2023, Chainwire
NvirWorld – a blockchain technology innovation company, and World Vision – a non-governmental organization (NGO) for international relief and development, have signed a business agreement at the World Vision Korea headquarters. The MOU with the world’s largest NGO aims to develop a transparent and healthy donation culture using NvirWorld’s self-developed blockchain patent technology, which is expected that will contribute to activating the transparency and reliability of the current donation system.
In particular, NvirWorld’s patented technology enables transactions and payments in places without network connection or natural disasters such as earthquakes happened this month on the 6th in Turkey and Syria. Through this patented technology, it is expected that payments and transactions can be made even without an internet connection or when a disaster happens.
The technology also provides a foundation for anyone to enjoy economic benefits equally and freely, even in situations where opening a bank account is difficult, and it is expected to create a transparent donation culture by incorporating it into the donation system and operating more donation campaigns that are free and fair.
NvirWorld, which is specialized in blockchain has been operating public-interest donation campaigns based on blockchain technology since its foundation to spread the positive effects of blockchain. Through various CSR activities, such as the UNICEF International Children’s Fund campaign for children in Afghanistan and Haiti, the Dokdo NFT donation campaign, and the Myanmar campaign, they have donated a total of $146,144.
Meanwhile, NvirWorld announced that it will donate all the profits from the exhibition sale of media artist Lee Lee Nam’s solo exhibition, “์กฐ์ฐ: Encounter” currently being held at NVIRGALLERY in Gangnam District, South Korea to support emergency relief efforts in Turkey and Syria, which are suffering from the aftermath of the earthquake through World Vision.
About NvirWorld
NvirWorld is a pioneering company that specializes in the development of blockchain technology and the provision of advanced services. NvirWorld currently operates various Ethereum and Solana multichain platforms such as the NFT Marketplace โNvir Marketโ, the DeFi Virtual Synthetic Asset Investment platform โN-Hubโ, โNWXโ NFT, and their deflationary token โNVIRโ.
Of particular note, NvirWorld has successfully addressed fundamental problems in the Play-to-Earn (P2E) model and has incorporated its patented technology into its upcoming Decentralized Exchange – INNODEX, scheduled to launch in Q1. With over 40 developers working tirelessly on expanding the ecosystem, NvirWorld is expected to make significant strides in the blockchain industry with its mainnet, which can even be utilized without an internet connection, planned for release in Q4. It is also worth noting that “NVIR” will serve as the designated gas fee upon the launch of their mainnet.
Contact
JiEun Sia
NvirWorld Limited
[email protected]
Siemens has launched Germany’s first digital bond based on the blockchain, it announced this week.
The German engineering and tech behemoth became one of the country’s first enterprises to issue blockchain bonds. The securities are valued at โฌ60 million and mature after one year, following the German Electronic Securities Act.
Investors such as DekaBank, Union Investment, and DZ Bank purchased the bonds. Regulators did not require the securities to obtain central clearing and paper-based global certificates, the statement read.
Siemens claimed that the Polygon-based blockchain bonds expedited transactions faster and more efficiently than traditional methods. It also stressed how using digital bonds over paper and traditional means could offer benefits.
The statement continued: โIssuing the bond on a blockchain offers a number of benefits compared to previous processes. For instance, it makes paper-based global certificates and central clearing unnecessary. Whatโs more, the bond can be sold directly to investors without needing a bank to function as an intermediary.โ
The document cleared in two days, despite using traditional payments due to a lack of a digital euro. Siemens hopes to lead markets in developing digital securities and capital solutions.
Peter Rathgeb, Corporate Treasurer for Siemens AG, added: โBy moving away from paper and toward public blockchains for issuing securities, we can execute transactions significantly faster and more efficiently than when issuing bonds in the past.
He added that the successful cooperation with project partners allowed the firm to reach “an important milestone” in developing digital securities in Germany.
The news comes as Siemens advocates implementing blockchain technologies across industry verticals. The company was among the first, along with JP Morgan, to test blockchain-based automated payment systems on the latter’s Onyx system โ the world’s first.
Dubai, UAE, 17th February, 2023, Chainwire
The 10th Global Forum on blockchain, cryptocurrencies and mining โ Blockchain Life 2023 takes place on February 27โ28 in Dubai.
The event is attended by key industry players, government representatives, heads of international companies and funds, investors, promising startups teams and beginners. Itโs noteworthy that the Forum is a meeting point for a premium crypto audience including world Crypto Whales.
What to expect?
- Whales of the crypto industry at one place
- Top speakers with world-changing insights and analytics
- Global expo of the latest Web 3.0 technologies
- Breakthrough smart networking app
- The legendary AfterParty on the luxury yacht trip
Top speakers:
- Yat Siu – Co-Founder and Executive Chairman of Animoca Brands, Founder and CEO of Outblaze
- Sergei Khitrov – Founder of Listing.Help and Jets.Capital
- Ben Zhou – Co-founder and CEO of Bybit
- Dr. Marwan Alzarouni – CEO of Dubai Blockchain Center
- Carl Runefelt – Crypto Entrepreneur, Founder Of CryptoJobs.com
- Chris MMCrypto – Cryptocurrency Expert, Co-Founder of MMCrypto
- Gabriel Abed – Ambassador of Barbados to the UAE
- Dr. Mohamed Al Hemairy – Director of Technology Transfer Office at University of Sharjah, Blockchain & Crypto Advisor
- Manan Shah – Founder and CEO of Avalance Global Solutions and CyBirb
- Gracy Chen – Managing Director of Bitget
Where and when?
February 27 – 28, Dubai, Atlantis the Palm.
Buy a ticket with a 10% discount now using promo code 2023 here.
Contact
Media manager
Andrey Tretyakov
Blockchain Life
[email protected]
Willemstad, Curacao, 17th February, 2023, Chainwire
BC.GAME has teamed up with its new ambassador, Brazilian professional footballer David Luiz, to bring RIO Carnival to crypto casino players. A $1.2 million prize pool is up for grabs together with weekly cash prizes in the major gaming event.
RIO Carnival grants players the chance to earn RIO coins in order to win shares from the eventโs $1.2M prize pool. RIO coins are an exclusive coin minted for the BC.GAME carnival event and can be primarily earned by making deposits or wagers within the specified period.
Coco, the mascot of BC.GAME shares, said: โGood times are ahead for our crypto casino community. RIO Carnival is just the start of more gaming and gambling opportunities that weโve prepared for 2023. Itโs time to broaden your horizons in the world of gaming where you can enjoy both rewards and gambling experience.โ
Every $1 deposited grants 1 RIO coin and all deposits must be wagered to obtain the corresponding RIO coins. Earning more coins offers players a bigger share in the eventโs prize pool. Players may also collect RIO coins through other means, such as daily logins and inviting friends to join the contest. The event runs from February 17 to March 16.
Players can also use their accumulated RIO coins to redeem weekly cash prizes for BC Dollars (BCD), where 1 BCD is equivalent to 1 USD. More details on the conversion are accessible through the RIO Carnival page.
RIO coins exchanged for BCD will be immediately burned upon redemption. If players want to win bigger prizes, they have the option to hold out for a chance to win a share of the $1.2M prize pool. The weekly redeemable prizes are refreshed every Friday at 00:00 AM UTC+0 throughout the event, allowing players to win up to $600 every week until RIO Carnival officially ends.
To learn more about the RIO Carnival, head over to https://rio.bc.game/.
BC.GAME is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
About BC.GAME
Launched in 2017, BC.GAME is an online crypto casino known for offering a wide variety of online casino games, sport betting games, and live casino tables. Itโs a licensed platform that allows players to deposit fiat and cryptocurrencies, creating a more convenient way for users to enjoy online casino games. BC.GAME recently announced David Luiz as the platformโs latest brand ambassador, giving the award-winning crypto casino platform a chance to connect with Brazilโs massive football community.
Contact
Issay Domingo
[email protected]
The Financial Conduct Authority has launched a crackdown on suspected illegal cryptocurrency cashpoints across Leeds.
The crypto machines are not registered with the FCA to operate in the country, it said in a recent press statement. It added that it worked with authorities such as the local police to remove the machines.
Despite this, the FCA does register services for buying digital assets on an app or bank transfer service, where customers can withdraw funds from cashpoint ATMs.
According to a Whitehall report, cybercriminals used the machines as “money mules” to launder money.
Comments on Crypto Cash Machines
Det Sgt Lindsey Brants, Head of the West Yorkshire Police Force Cyber Team, said in a statement:
“Having conducted intelligence-gathering work across West Yorkshire, we soon established the locations of several live crypto ATMs […] We are pleased to be able to work in partnership with the FCA in what we believe is a national first here in West Yorkshire.”
Authorities warned crypto machine operators to stop using the devices, adding that money laundering breaches would trigger investigations, with the FCA receiving updates. Crypto operators facing charges could receive up to two years in prison.
Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA, said:
‘Unregistered Crypto ATMs operating in the UK are doing so illegally. We will continue to identify and disrupt unregistered crypto businesses operating in the UK. Crypto businesses operating in the UK need to be registered with the FCA for anti-money laundering purposes.
Steward added that crypto products were “currently unregulated and high-risk, and you should be prepared to lose all of your money if you invest in them.”
Cryptocurrency giant Binance has faced massive headwinds on Monday after reports found net outflows of $831 million in a 24-hour period.
Blockchain research firm Nansen revealed the data, which follows a major regulatory crackdown on Binance USD (BUSD) issued by crypto trading platform Paxos.
Nansen blockchain data showed that users withdrew roughly $2.8 billion of their digital assets, surpassing $2 billion in deposits over the same period.
The withdrawals hit Binance after the New York Department of Financial Services slapped Paxos with an order to stop issuing the stablecoin. The third-largest in the world, BUSD accounts for 35 percent of Binance’s total trading volumes.
Binance CEO Comments on SEC-Paxos Lawsuit
In a series of tweets, Binance chief executive Changpeng Zhao (CZ) commented on the ongoing developments to his followers that “all funds are #SAFU.”
CZ stated that due to the regulatory crackdown, BUSD’s market capitalisation would decrease over time, adding Paxos would “continue to service the product, and manage redemptions.”
He added that he did not have any information on the SEC lawsuit against Paxos and that the latter had “assured us the funds are #SAFU, and fully covered by reserves in their banks.”
Zhao said: “I am not an expert on US laws. But personally […] ‘IF’ BUSD is ruled as a security by the courts, it will have profound impacts on how the crypto industry will develop [in] the jurisdictions where it is ruled as such. Binance will continue to support BUSD for the foreseeable future.
He stated that Binance did not “foresee users migrating to other stablecoins over time,” adding it would make product adjustments “accordingly.”
CZ concluded: “Given the ongoing regulatory uncertainty in certain markets, we will be reviewing other projects in those jurisdictions to ensure our users are insulated from any undue harm.”