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Atari Partners with Unikrn to Increase Game Token Functionality

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Gaming and interactive entertainment giant Atari has secured a partnership with blockchain esports firm Unikrn. The deal is geared towards enabling Atari token holders to shop, game, and bet with the firm’s native cryptocurrency.

Tokenizing Atari’s Video Game Ecosystem

According to a press release published on Thursday (June 11, 2020), California-based gaming heavyweight Atari has signed a partnership with industry-leading esports blockchain company  Unikrn to increase the utility and functionality of its native blockchain game token dubbed Atari Token.

Commenting on the details of the deal, CEO of Atari Fred Chesnais said the move is part of the company’s plans to dive deeper into the crypto industry and bring enhanced blockchain-based entertainment experiences to the Atari community. Chesnais further remarked:

“Unikrn’s thriving ecosystem will provide Atari Token holders with significant additional utility and value, while the addition of Atari’s classic arcade brands to that ecosystem will offer extensive familiar-yet-new gaming content to Unikrn’s community.”

The partnership promises to integrate Atari’s native crypto with Unikrn’s esports platform to allow Atari Token holders to pay for gaming, shopping, and betting using the firm’s cryptocurrency.

Furthermore, Unikrn will leverage its patent-pending UMode platform to provide wagering support for Atari Casino with payments in Atari Token. Also, the blockchain esports firm will receive access to Atari’s roster of gaming classics such as PONG, Centipede, and Asteroids.

Former CEO of Microsoft Ventures and Unikrn co-founder Rahul Sood emphasized the importance of the partnership for the gaming industry as a whole. Sood said:

“Unikrn and Atari are pioneers in the gaming industry, changing the world around us with creativity and innovation…and we can’t wait to get the benefits of this partnership to Unikrn’s community.”

Leveraging Blockchain in the Video Game Industry

As previously reported by BTCManager, Atari officially introduced Atari Token with a private presale back in March 2020. The gaming company had earlier disclosed plans to create its own native altcoin in February 2018 in a bid to capitalize on crypto’s growing popularity.

After the launch, Atari also disclosed that interested parties could purchase the company’s game token with several established cryptocurrencies including bitcoin (BTC), ether (ETH), litecoin (LTC), and bitcoin cash (BCH).

Crypto and blockchain technology continues to see increasing adoption in the video game space from tokenizing the gaming economy to promoting open-source development. Enjin Coin (ENJ) is one of the projects currently exploring the deployment of decentralized ledger technology (DLT) in video game development.

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Source: https://btcmanager.com/atari-unikrn-game-token-functionality/

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SBI Offers XRP as Gratuity For Obtaining Tokens in Its Upcoming STO

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SBI, which is a major Ripple partner in Japan, has recently offered gratuity payouts in XRP to its customers if they take part in the new STO of the company. The Chief of the SBI group, Yoshitaka Kitao, has recently shared a link to the press release of the firm regarding the new offering of the SBI partly related to XRP.

SBI to Acquire Tokens in Upcoming STO, Offers Bonus

SBI is a major Ripple partner in Japan. However, they have put up a situation that they will only be doing so if the customers will be taking part in the new security token offering of the company.

The SBI Group, headquarters of which are in Tokyo, are intended to conduct a security token offering of its digital corporate bonds on April 20.

In addition to this, the firm will be providing a bonus in XRP to its investors, the quantity of XRP given away will be equal to the number of digital securities bought by each investor. 

The security tokens for the offering are going to be launched on Ibet, a blockchain platform.

End-Year Bonuses in XRP

In a report shared earlier this year, it was revealed that the financial group has made an offer of giving end-year bonuses in XRP to the shareholders of the company.

Well, if you are having trouble understanding what it really means, try understanding it this way. 

Those shareholders who have 100 or more than 100 shares will be entitled to 2,500 yen worth of the native coin of Ripple, XRP which in US Dollars, is equal to $23.

However, in addition to this, it should also be known that the exact amount of XRP tokens being given away is going to be determined based on the price of XRP on June 30.

READ  Ripple (XRP) Update: Spark Token Airdrop, Flare Finance’s Beta Program

#SBI #STO #Tokens #XRP

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Source: https://www.cryptoknowmics.com/news/sbi-offers-xrp-as-gratuity-for-obtaining-tokens-in-its-upcoming-sto

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UAE About to go Live With Trade Connect to Oppose Imposters Probability

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In a recent revelation, UAE is all set to go live with a blockchain-based trade finance platform, Trade Connect to Counter Fraud Risks. They are focusing on initially cutting down under-invoicing and then taking on money laundering.

UAE Rolls Out a Trade Finance Platform With Trade Connect

In accordance with the recent revelation, UAE has rolled out a trade finance platform with the intention of stamping out imposters and financial crime risks. 

The UAE Trade Connect brings together Etisalat, the telecom giant, and a consortium of seven leading local banks, led by the First Abu Dhabi Bank, FAB.

The system went live on April 19, Monday after about six months of trials and the project took a total of two years from concept to actual delivery. 

In addition to this, the fintech division of the UAE Central Bank was also a member of the leading committee that overlooks the model.

Apart from this, the other four banks are likely to join shortly, and Trade Connect will also be synchronized with similar initiatives such as Marco Polo and Komgo.

Changing Dynamics of the Trade Finance Space

Trade Finance is going to be de-risked with the UAE Trade Connect going live and there are over seven banks that are a segment of the consortium and even more are going to sign up.

The Head of the Trade Connect, Zulqarnain Javaid said:

“It will be a game-changer for the trade finance space.” 

At present, the platform is actively into fraud detection within the trade finance space, but the promoters expect it to evolve into e-invoicing.

The officials added:

“But e-invoicing will need us to work with multiple partners,” said Javaid. And in time, the UAE Trade Connect can go to handle bills of lading, letters of credit and bank guarantees, which will involve working with ports, customs authorities, and governments.”

READ  Moneygram reported $11.3 Million Profit Due to Alliance With Ripple

#Etisalat #Trade Connect #UAE #Zulqarnain Javaid

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Source: https://www.cryptoknowmics.com/news/uae-about-to-go-live-with-trade-connect-to-oppose-imposters-probability

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Wildcat Petroleum PLC Announces Signing an MoU With Crown Energy AB

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Wildcat Petroleum PLC, which is focussing on investment opportunities in assets and businesses, has announced signing an MoU with Crown Energy AB. The NGM Main Regulated Stockholm listed international crew targeted on oil and gas exploration in the Middle East and Africa, for their capable involvement in any future ICO that Wildcat may start.

Wildcat Petroleum PLC Signs an MoU With Crown Energy AB

Wildcat has recently revealed that they have been working on an exclusive and innovative project to monetize hydrocarbon blocks based on blockchain technology

In addition to this, the project is presently in the stages of development, and hopefully, by the end of this year, the final version is going to be introduced. 

Crown Energy has oil blocks in South Africa, Iraq, and Madagascar, moreover, these blocks potentially consist of 2.5 billion barrels of oil equivalent of prospective and fortuitous oil resources. 

Under the Memorandum of Understanding, the two parties agree that there may be scope to tokenize these prospective oil resources.

The firm would also like to note that it is making slow and steady progress towards obtaining an oil asset and will be making further announcements to the market regarding this in due course.

The Chairman of Wildcat, Mandhir Singh commented:

“The level of interest in Wildcat’s blockchain approach that we have received from oil and gas companies in recent weeks has been incredible and we are thrilled to announce this MoU with Crown Energy AB.”

Crown Energy on Acquisition of an Attractive Oil And Gas

In addition to this, Mandhir Singh revealed in the favor of the collaboration:

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“The Company has received numerous similar expressions of interest from both public and private oil companies looking for an alternative way to monetize non-performing oil blocks. Assisting these oil companies to monetize their assets has the potential to provide the Wildcat with a valuable future revenue stream with minimum risk and negligible additional costs.”

The CEO of Crown Energy AB, Andreas Forssell commented on the acquisition:

“It is a pleasure to collaborate with such an innovative and forward-thinking oil company and believe this will be a mutually beneficial relationship. We feel that their blockchain approach to oil and gas could prove transformative to not just the Company but also the sector.”

#Crown Energy AB #MoU #Wildcat Petroleum PLC

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Source: https://www.cryptoknowmics.com/news/wildcat-petroleum-plc-announces-signing-an-mou-with-crown-energy-ab

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FINMA Approves Taurus for Launching Digital Asset Exchange

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Fintech firm Taurus SA has received a securities house license from the Swiss Financial Market Supervisory Authority (FINMA) for launching its own digital asset exchange. The Geneva-based fintech firm says that the platform will launch on May 10. Arab Bank Switzerland, Hypothekarbank Lenzburg, FlowBank and SEBA are among the first to join the network.

FINMA Approval for TDX Digital eXchange

The swiss financial regulator has awarded securities house license to fintech company Taurus SA for launching the TDX Digital eXchange. Taurus’ TDX platform can process smart contracts on blockchain networks such as Ethereum and Tezos.

The launch of Taurus’ Digital eXchange “TDX” will enable accessing an open and independent infrastructure towards tokenized securities and private assets.

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The digital asset platform will instantly connect banks, issuers and investors to exchange for any digital asset. By tokenizing assets such as equity, art, real estate, cryptocurrencies among others, TDX will unlock liquidity for banks, company founders among others.

Commenting on the launch of TDX, Oren-Olivier Puder, Chairman of the Board and co-founder at Taurus, said:

“The launch of TDX meets the increasing demand from banks to access a regulated, open and independent marketplace for digital assets. Our vision has always been to build a unified platform that allows banks to manage any digital asset and connect private asset owners with professional investors easily.”

Global Companies are Joining as Participants

Audacia Holding, an e-commerce company with over 1.2 million clients, will trade on the TDX platform.

Various financial institutions across the world are onboarded as participants, including Arab Bank Switzerland, FlowBank, Hypothekarbank Lenzburg, SEBA Bank.

READ  France Galop Bans Phoenix Thoroughbreds Due To Its Alleged Connection With OneCoin

Sébastien Dessimoz, Managing Partner and co-founder at Taurus, said:

“We are convinced that the tokenization of real assets is the future of investment. With this marketplace, small and medium companies, non-listed large corporations and real-estate companies will have access to greater liquidity and capital, which is currently only possible for large companies listed on the stock exchange.”

Other non-financial entities include Investis Group, a Swiss stock-listed real estate company, and Stoneweg, a Geneva-based real estate investment company.

#FINMA #Taurus SA #TDX #TDX Digital eXchange

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Source: https://www.cryptoknowmics.com/news/finma-approves-taurus-for-launching-digital-asset-exchange

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