Tag: Latest News

delving-into-defi’s-hidden-super-platform

Delving into DeFi’s Hidden Super Platform

November 3, 2020 Published by

 

Quietly up against strong competitors, DRK aims to fundamentally transform daily activities of crypto users (and DeFi users in particular) as it works towards its ambition to become an all-in-one super platform in the crypto space. Based on its native chain (DRK Chain), the underlying platform centers around a decentralized cross-chain exchange (DRK DEX) seamlessly integrated with its Dapp ecosystem consisted of DeFi services (DRK Crosschain Swap, DRKompound), games (DRKats, DRocKet, DTrade), a social network reserved specifically for all crypto users (DRKakao), and more.

In its final form, DRK will be where crypto users can earn money 24/7, have fun and connect with like-minded people. The need for such a platform has never been greater. Imagine Facebook, Medium, Telegram, Coinmarketcap and Trustwallet all rolled into one, DrKakao is already in development, designed to connect crypto users and provide useful social features such as regulated P2P trading, and live streaming for crypto KOLs.

As the centerpiece in the grand scheme, DRK DEX has achieved 5.48M monthly views and is supporting 6 coins and tokens (on 4 popular blockchain networks), and 6 trading pairs. Innovations in cross-chain compatibility behind DRK DEX and DRK Swap have solved the headache facing all Defi projects: how to guarantee utility as well as usability and security. Users only need to log in once by connecting with your Metamask wallet to access wallets on all popular blockchain networks (Bitcoin, Ethereum, Tron, and DRK Chain), and do not need to switch networks while trading. The keys of these wallets are generated from your logged-in wallet signature, stored on the client side, and cannot be accessed by any party including the DEX creators.

Seamlessly integrated with DRK DEX, DRK Swap combines the best features of Uniswap with a smart fee mechanism to help liquidity providers mitigate impermanent loss in case of high slippage. Likewise, DRKompound brings Compound enthusiasts a DEX-like and much easier to use interface. On the other hand, DRKats combines elements of DeFi and NFT, allowing users to stake DRK coins in order to receive DRKat NFTs, which can be crossbred and traded freely.

All these high-performance Dapps were and will be built on DRK Chain, which is no less powerful than other popular blockchains, achieving high throughput, smart contract functionality, and compatibility with the Ethereum Virtual Machine (EVM) with support for the rich universe of Ethereum tools and DApps. This makes it easy for developers to port their projects over from Ethereum, and for users to configure applications like MetaMask to work with DRK Chain.

DRK Chain achieves 2 second blocktime with a Proof-of-Stake consensus algorithm and many innovations. Firstly, DaRK privacy protocol uses cutting-edge zero-knowledge proofs to enable private transactions. Secondly, the anti-spam mechanism applies a loyalty point on each address based on the amount of gas that address has contributed to the network, so that the higher the loyalty point is, the less gas it needs to prioritize outbound transactions. Thirdly, the anti-slack mechanism allows any validator node which stops mining blocks to be reported by any address and penalized, keeping validator nodes healthy and the network sustainable.

DRK, the native coin on DRK Chain, has been consistently valued at $0.05  for 3 months with a market cap of $800M, and a daily trading volume of $3M. Currently, 96% of DRK coin supply has been permanently locked in staking, and all newly mined DRK will be staked to prevent inflation. To further popularize its Dapps, DRK Team is considering to list DRK on a major exchange. In the meantime, a few startups are asking to list their own tokens on DRK DEX by paying a fee in DRD, yet another highly demanded token on DRK Chain.

32red-to-exit-italian-market

32Red to Exit Italian Market

November 3, 2020 Published by
Reading Time: < 1 minute

 

Kindred Group has decided to withdraw its 32Red brand from the regulated Italian market.

A statement on the website confirmed the news. It read: “We are sorry to inform you that starting from November 30th 32Red will no longer be operational.

“It was a difficult choice to make. We hope, however, that these years spent together have been fantastic for you, as they have been for us.”

The operator advised customers to withdraw funds by November 29 as they would be unable to access the site after this point.

Kindred will be focusing on promoting its other brand, Unibet.it, in the Italian market. The operator said Unibet would “guarantee 32Red.it players the warm welcome they deserve.”

greater-than’s-solution-enerfy-has-been-selected-for-microsoft’s-#buildfor2030-campaign

Greater Than’s solution Enerfy has been selected for Microsoft’s #BuildFor2030 Campaign

November 3, 2020 Published by

 

Greater Than, the insurtech provider of AI-based risk intelligence, has been selected by Microsoft to showcase Enerfy in their BuildFor2030 Campaign ­- featuring solutions that support the UN’s Sustainable Development Goals.

From late October until the beginning of December, Microsoft will be showcasing partners providing solutions and services supporting the UN’s SDG 13: Climate Action. Greater Than’s solution Enerfy, which prices driving risk and helps reduce CO2 emissions through personalized smart driving tips, is being featured as a top contributor to Climate Action.

“We are delighted to be featured in this campaign, as the topic is very close to our hearts and is at the core of everything we do. Being part of Microsoft’s initiative to showcase partners who provide solutions and services in alignment with the UN’s Sustainable Development Goal is truly a great honor.” – says Johanna Forseke, CBO at Greater Than.

Learn more about our solution in the Azure Marketplace.

What is #BuildFor2030?

With the aim of building an inclusive economy, Microsoft and their partner-led communities are coming together to launch #BuildFor2030. Starting October 30th through December 4th,

Microsoft will be showcasing partners who offer solutions that align with the UN’s various Sustainable Development Goals. The campaign was designed to promote technology that fosters an inclusive, equitable and sustainable economy.

wirex’s-‘rising-women-in-crypto-power-list’-announced

Wirex’s ‘Rising Women in Crypto Power List’ Announced

November 3, 2020 Published by

 

Leading payments company, Wirex, in partnership with The Fintech Times, has revealed its 2020 ‘Rising Women in Crypto Power List’. After receiving 367 entries, the esteemed judging panel have chosen the 10 most inspirational women at the forefront of the crypto industry.

The ‘Power List’ was created as part of Wirex’s inaugural ‘Women in Crypto’ campaign, endeavouring to showcase the achievements of women in the field and inspire others to get involved. After the longlist was published last month, the judges narrowed it down based on nominees’ achievements, potential, leadership skills, ambition, influence and innovation in the crypto field. The winners come from a variety of backgrounds and include women working in events, research and content creation.

Wirex and The Fintech Times’ 2020 ‘Rising Women in Crypto Power List’ is (in no particular order):

  • Noelle Acheson, Director of Research, CoinDesk
  • Professor Tonya M. Evans, Professor, Penn State Dickinson Law
  • Lucy Gazmararian, Associate Director, PWC Crypto & Fintech Advisory
  • Susan Crew, Content Creator, “Crypto Granny”
  • Simone Maini, Chief Executive Officer, Elliptic
  • Inbal Polak, Director of Fund for Digital Assets, YRD Capital
  • Elizabeth Kukka, Executive Director, Ethereum Classic Labs
  • Sofie Blakstad, CEO, hiveonline
  • Christina Lomazzo, Blockchain Lead, UNICEF
  • Lenka Hudáková, Events Manager, Maker Foundation

The announcement comes during the final phase of the campaign, with a ‘Women in Crypto’ takeover of the Wirex channels taking place from the 26th October until the 8th November. This will feature content from women working at Wirex, as well as female influencers in the crypto and fintech fields. Contributors include: Ashley Koh, COO at Spark Systems, about what she’s learnt as a woman in fintech; George Coxon, COO at the Nano Foundation, with three things you didn’t know about Nano; and Erica Stanford, Founder of the Crypto Curry Club, with top tips for surviving networking events.

Wirex CEO and Co-Founder – and ‘Power List’ judge – Pavel Matveev, said: “We’ve been overwhelmed by the positive response we’ve received so far, and we’re delighted to finally reveal the ‘Power List’ top 10.”

The platform’s aim has always been to empower everyone to have access to cryptocurrency, leading Matveev to explain that “with so many inspirational women nominated, it was a difficult decision. But I’m confident that those picked represent the incredible talent of females in this field and I hope they inspire other women to be a part of this rapidly developing sector.”

The ‘Women in Crypto’ takeover will continue until 8th November with content being housed on the ‘Women in Crypto’ hub, and more information about the shortlist winners can be found on this link.

gaming-americas-weekly-roundup-–-october-26-november1

Gaming Americas Weekly Roundup – October 26-November1

November 3, 2020 Published by
Reading Time: 3 minutes

Welcome to our weekly roundup of American gambling news again! It was again an eventful week in the USA, despite the still-active virus attack.

Here, we are going through the weekly highlights of the American gambling industry which include the latest news, new partnerships and new appointments. Read on and get updated.

Latest News

Score Digital Sports Ventures (theScore Bet), a subsidiary of Score Media and Gaming, has joined the National Council on Problem Gambling (NCPG) as a Platinum Member. NCPG is a leading national organisation for people and their families who are affected by problem gambling and gambling addiction.

The Argentina government is going to impose a higher rate of tax on online gaming for the forthcoming year. The initiative from Minister of Finance Martín Guzmán, which increases taxes on online gambling from 2% to 5%, was included in next year’s draft budget.

North American organisation Cloud9 has announced the signing of an all-female VALORANT roster. The team formerly known as Team MAJKL will now compete as Cloud9 White. Moreover, the organisation’s all-male team will be rebranded to Cloud9 Blue.

John Levy, Founder and CEO, Score Media and Gaming Inc., joined his team and Dani Lipkin, Director, Global Business Development, TMX Group, to celebrate the company’s graduation from TSX Venture Exchange to Toronto Stock Exchange and open the market.

Nevada State Sen. Keith Pickard, President of the National Council of Legislators from Gaming States, is leading an effort to expand the national organisation’s reputation as the primary source of best practices in gaming law and regulation.

Partnerships

The FanDuel Group has entered into a multi-year partnership with DC United and has become the exclusive sports betting sponsor of the club. The deal marks the first sports betting partnership for FanDuel with a Major League Soccer team.

Caesars Entertainment has expanded its partnership with IBS Software to transform digital distribution and sales across its entire portfolio of properties. Caesars is using IBS Software’s iHospitality distribution platform to provide real-time access to a global audience as it looks to fuel its recovery from the COVID-19 downturn. By centralising operations and extending reach, iHospitality allows Caesars Entertainment to reduce costs while increasing revenue.

The Detroit Red Wings has renewed and expanded its strategic partnership with BetMGM. As per the deal, BetMGM will continue to have an on-ice logo at Little Caesars Arena, along with in-venue signage, fan promotions and a sponsored presence on the Red Wings’ digital platforms. The District Detroit mobile app will also feature the BetMGM Stats Module, providing Red Wings fans access to betting odds and statistics next season.

New Appointments

Riot Games has appointed Jason Bunge as its first Chief Marketing Officer (CMO). Jason brings years of experience in gaming and global product marketing at a time when Riot is making its transformation into a multi-game publisher.

eQube Gaming Limited has appointed Amy Janko as its Chief Financial Officer (CFO), effective following regulatory approval. Ms. Janko brings more than eight years of senior financial accounting experience to the eQube team.

Acquisitions

Twin River Worldwide Holdings has entered into a deal to acquire the Tropicana Evansville casino operations from Caesars Entertainment. As part of the acquisition, Gaming and Leisure Properties, Inc. (GLPI), a publicly traded gaming-focused real estate investment trust (REIT), will acquire the Evansville casino real estate for $340 million and lease it back to Twin River for $28 million/year in rent, subject to escalation.

Simplicity Esports and Gaming Company has signed definitive documents to acquire three additional franchisee-owned esports gaming centres in California and Washington. The closing of these acquisitions gives Simplicity a total of nine corporate-owned and 20 franchisee-owned gaming centres open and operational.

Compliance

Golden Matrix Group Inc. has entered into a software licence and services agreement with a leading sports betting software and trading services provider to market and distribute a white label sportsbook platform for online betting.

cyberport-sheds-light-on-venture-capital-opportunities-in-the-new-normal-ahead-of-flagship-cyberport-venture-capital-forum

Cyberport sheds light on venture capital opportunities in the new normal ahead of flagship Cyberport Venture Capital Forum

November 3, 2020 Published by

 

Cyberport’s annual flagship tech investment event, Cyberport Venture Capital Forum (CVCF), is slated to take place on 3-4 November. During the media briefing on 30 Oct 2020, Peter Yan, CEO of Cyberport; Eric Chan, Chief Public Mission Officer of Cyberport and Cindy Chow, Chairlady of the Cyberport Investment Network (CIN) shared their views on the latest trends in global venture capital investing and provided a preview of the upcoming event. Meanwhile, representatives of three start-ups incubated by Cyberport – Redsip, Snapask and MediConCen – shared on their latest developments and the fundraising efforts for the Blockchain InsurTech, smart living and EdTech industries under the new normal.

Peter Yan, CEO of Cyberport cited recent studies to suggest that the venture capital market has shown signs of slowly recovering in recent months despite having the initial slowdown due to the epidemic and global economic downturn; venture capital investments around the world saw an uptick in value to defy expectations of a decline. Fundraising within China’s venture capital market also saw increases in activity with growth in both the number of deals and the amount of capital committed. Several start-ups incubated by Cyberport, including Aqumon, Quantifeed and Rice Robotics closed fundraising deals in October 2020.

This trend can also be seen within the Cyberport Macro Fund (CMF) programme. From January to September 2020, the CMF invested US$4.14 million (approximately HK$32 million) in five start-ups – Aqumon, GetLinks, OneDegree, CapBridge and MediConCen. During this period, the co-investment ratio has improved to 1:12 from the overall 1:6 ratio throughout the years.

Peter Yan, CEO of Cyberport said, “We have witnessed an increase in market demand for innovative technology solutions and the rapid development of related industries amidst accelerated digital transformation. We encourage our start-ups to show agility and versatility to grasp market opportunities and utilize Cyberport’s platform to seek business opportunities and connect with investors all over the world.”

Eric Chan, Chief Public Mission Officer of Cyberport said, “CVCF is our flagship event to connect investors and the start-ups community. We hope that this year Cyberport will play an even more effective role as a platform to facilitate deal flow. Amidst the epidemic, the number of exhibiting start-ups tripled compared to last year, reflecting a strong demand for venture capital investment. As more industry professionals and investors participate, we hope start-ups can understand the latest market trends and pursue the right direction for future development by learning from successful case studies and availing insights shared by internationally renowned speakers.”

Cindy Chow, Chairlady of the CIN said, “There are currently over 100 members in the Cyberport Investors Network (CIN), over seven-tenths of whom are based in Hong Kong, and a fifth hail from the Greater Bay area. We have been organizing different activities to foster communication between investors and start-ups to assist start-ups in capturing fundraising opportunities. Even if the investment environment has been challenging in the past year, average deal sizes continue to grow, which indicates that investors are still showing interest in projects of great potential.”

Cyberport empowers start-ups to seize opportunities amidst crisis

Several start-ups representatives shared their insights on the development of Blockchain InsurTech, smart living, and EdTech industries. In particular, William Yeung, Co-founder and CEO of MediConCen, shared how his medical platform raised funds from Cyberport Macro Fund in September despite the uncertain business environment. “We have always hoped to improve the process of medical claims with technology thereby improving the experience with insurance products. As the epidemic strengthened the general public’s understanding of insurance products, it allowed us to seize opportunities amidst the challenges and use blockchain-based technology to provide insurance services. With the support of Cyberport, we were able to raise funds quickly; and we have gained numerous partners through Cyberport’s network which had allowed us to learn from each other,” said William Yeung.

Redsip, a social media platform for wine enthusiasts, was present at last year’s CVCF and successfully closed deals within two weeks of meeting investors at the event. “We launched our product during the epidemic, coinciding with the emergence of a booming ‘stay at home’ economy under the new normal, which resulted in rapid organic growth in our user base. We hope to soon enter the markets of the Greater Bay Area, San Francisco and Singapore,” said Qing Li, co-founder and CEO of Redsip.

The epidemic has also accelerated the adoption of e-learning initiatives in the city and EdTech has emerged as one of the most watched technology spaces. Online education platform Snapask was part of the first batch of start-ups to receive investments from CMF in 2018, and it raised over US$35 million in a Series B round earlier in the year. Katherine Cheung, Snapask’s Chief Marketing Officer, outlined how the epidemic had led to observable changes in the demand for their services and the opportunities available within the industry. “Due to the epidemic, schools were suspended on multiple occasions yet the demand for learning remained, proven by the significant growth in the usage and the number of users of Snapask’s platform. In addition to matching us with suitable investors, Cyberport has also helped us in finding a sustainable operational model. We believe that the education industry will gradually shift towards a more interactive mode of learning,” she said.

CVCF introduces brand-new experiences to drive deal-flow

Cyberport has continually endeavoured to broaden the pool of smart capital and facilitate deal-making opportunities for start-ups. As CVCF continues to become an increasingly important event in the international investment calendar, this year’s event will bring a brand-new experience for both investors and start-ups.

Held as a virtual event for the first time, beyond the two days of live content, the event platform will be open to participants for a full month, providing start-ups with broader exposure and higher chances of being matched with suitable investors.

It will also include two international partner events – Silicon Dragon HK 2020 and the inaugural Edventure Global Business Acceleration Summit. 100 start-ups from all over the world have also been invited to showcase their innovative solutions at CVCF and the Summits, establishing a truly global platform for information exchange and investment exploration.

This year is also the first time CVCF will be partnering with Jumpstart to conduct “in-depth matching” for start-ups to help them find investors across Asia. It has already successfully arranged over 100 one-on-one meetings with investors from Asia, including India, Japan, South Korea, Indonesia, Thailand and Singapore.

iqstel-(iqst)-and-alternet-(alyi)-announce-partnership-to-develop-iot-solution-for-ev

iQSTEL (IQST) and Alternet (ALYI) Announce Partnership To Develop IoT Solution For EV

November 3, 2020 Published by

 

iQSTEL, Inc. (USOTC: IQST) an international telecommunication and fintech service provider, and Alternet Systems, Inc. (USOTC: ALYI), an electric vehicle (EV) innovator, today announced a letter of intent (LOI) agreement for IQST’s Internet of Things (IoT) development team to combine efforts with ALYI’s EV engineering and design program to codevelop two-way device communication solutions specific to the EV operating environment.

ALYI’s first generation EV is an electric motorcycle, designed for, among other applications, utilization within the rideshare (exemplified by Uber and Lyft services) sector in Africa evolving the prevailing robust motorcycle taxi (Boda) market. ALYI’s electric motorcycle design program, orchestrated by MODUS, was recently detailed in an online narrative presentation.

IQST subsidiary IoT Labs MX specializes in Internet of Things (IoT) design and development to include wireless and vehicle telematics space that provide telematics solutions. IoT Lab MX, among other products, has developed the IoT Smart Gas Platform (www.iotsmartgas.com).

IoT Labs MX and MODUS plan to work jointly to develop two-way device communication in the Revolt Electric Motorcycles with, among others, the following functions:

  • Geolocation
  • Battery Management
  • Theft and Accident Interfacing with Emergency Services
  • Remote Maintenance Management
  • Vehicle Body and Component Leasing Management
  • Driver and Passenger Personal Mobile Device Interface
  • Rideshare System Interface
logitech-g-partners-with-riot-games

Logitech G Partners with Riot Games

November 3, 2020 Published by
Reading Time: < 1 minute

 

Logitech’s gaming division Logitech G has entered into an exclusive new multi-year partnership with Riot Games, the creator of League of Legends. As per the deal, Logitech G will introduce a portfolio of officially licensed League of Legends (LoL) gaming products.

“We’re honored to be selected as the official and exclusive partner to RIOT Games for the world’s biggest games ever, League of Legends. Our multi-year partnership will bring several product, technology and design collaborations that will give League of Legends fans the best way to play,” Peter Kingsley, chief marketing officer at Logitech G, said.

The first collection will include a K/DA-branded suite of Logitech G’s most popular gaming peripherals, including the Logitech G733 gaming headset, the Logitech G304/G305 gaming mouse, the G840 gaming mousepad and the exclusive Logitech G333 LoL gaming in-ear headset, complete with co-designed colouring, images and branding.

“We aim to deliver to our players the best and most expressive ways in showing their love and passion for League of Legends. For that reason, we’re excited to partner with Logitech G to bring unique, world-class gaming products to LoL, and K/DA, fans around the world,” Christian Bayley, director of consumer products at Riot Games, said.

zelle-network-exceeds-one-billion-payments-in-12-months,-setting-a-new-record-for-the-payments-network

Zelle Network® Exceeds One Billion Payments in 12 Months, Setting a New Record for the Payments Network

November 3, 2020 Published by

 

Early Warning Services, LLC, the network operator behind Zelle®, today announced that during the past 12 months (September 2019 – September 2020), the Zelle Network processed more than one billion payment transactions. In Q3 2020, the Zelle Network processed 323 million transactions, totaling $84 billion in money sent — an increase of 17% and 18% quarter-over-quarter, respectively.

“We continue to grow our network, welcoming financial institutions of all sizes. Today, more than 1,000 banks and credits unions are currently contracted to participate on the Zelle Network, including 731 that are live today and processing transactions,” said Al Ko, CEO of Early Warning Services, LLC. “Zelle is available to more than 140 million consumers in their mobile banking apps or in the Zelle app, and is used for the most important life essentials such as sending contactless payments to local businesses and money to friends and family in need.”

Consumers have increased their use of Zelle significantly in the past 12 months, adopting the service for an evolving set of use cases. In its recent Zelle Consumer Payment Survey, the Zelle Network found that nearly three-quarters of consumers surveyed were most likely to use P2P services to provide financial aid to friends and family since the onset of the COVID crisis.

The Zelle Network also saw more than $4.5 billion sent to small businesses and nearly half a billion dollars sent by companies to consumers via the Disbursements with Zelle service.

Partnerships Help to Increase Digital Financial Literacy
With more consumers shifting banking behavior online, Zelle has partnered with leading social change organizations to offer free educational tools. Through its partnership with EVERFI, Zelle has empowered thousands of high-school students in the United States with online financial literacy classes, and, through the nonprofit Older Adults Technology Services

(OATS) Zelle has hosted online community learning sessions on to safely use digital banking tools, including using person-to-person (P2P) payments.

“As the pandemic continues to impact consumer behaviors, it’s more important than ever to help those communities new to digital banking,” said Rose Corvo, Chief Marketing Officer at Early Warning. “This year, we have partnered with OATS and EVERFI and continue to invest significantly in consumer education on how and when to use Zelle, which has helped with adoption but, more importantly, safe banking behaviors.”

praxis-cashier-adds-industry-powerhouse-ic-markets-to-client-roster

Praxis Cashier Adds Industry Powerhouse IC Markets To Client Roster

November 3, 2020 Published by
Reading Time: < 1 minute

 

Praxis Cashier, the leading technology provider for smart cashier software announced that it has added another global FX brand to its ever-growing client portfolio, further securing its foothold in the regulated retail forex and CFD industry. Praxis’s PCI 1-compliant smart cashier software will allow Australia-based Forex trading platform IC Markets to offer its clients, across its various entities, multiple payment options at almost any location, with the highest security standards on the market.

Increasing numbers of online merchants from various industries see the added value in the technology Praxis supply, including IC Markets. Established in 2007, IC Markets is a Forex titan holding billions of dollars in trading volumes, as well as licenses across the globe. The collaboration with Praxis will allow IC Markets to access direct payments integration with some of the most prominent financial institutions and payment gateways, furthering their reach within the Forex space and expanding their client offerings.

“Once again major websites and players of the Forex industry realize the value in the Praxis software,” said Amit Klatchko, Praxis’ Founder and Director. “Praxis is proud to be recognized as a superior cashier software provider on a global scale and looks forward to integrating with IC Markets as they expand and improve their brokerage services. We are excited to offer IC Markets our 300+ integrations with banks, PSPs, e-wallets, crypto solutions and wire transfer services, backed by enhanced security, accelerated integration speeds and superior overall services.”

Latest Members

Find connections

Who is online

Latest Hashtags

#artificialintelligence #betting #blockchain #casino #esports #fintech #gaming #hiptherfestival #hipthers #igaming #slots #technology