DUBAI / KUALA LUMPUR, Jan 21, 2022 - (ACN Newswire) - Under the patronage of YB Tan Sri Datuk Seri Panglima Haji Annuar Bin Musa, Malaysian Minister of Communications and Multimedia, and with the participation of Malaysia Digital Economy Corporation (MDEC), a Memorandum of Understanding (MoU) was signed on January 12th, 2022, between Capt. Koh Chen Tien, Chairman of Verofax Asia, and Mr. Haisam Jamal, CEO of Distichain. The event took place at the Address Dubai Marina, where attendees from around the world were present for the opening of Malaysia Digital Week, taking place at Expo 2020 in Dubai, UAE.
The aim of the MoU is to create the first digital ASEAN B2B cross-border trade platform to facilitate a potential of RM 50 Billion Malaysian trade internationally with seamless digital transactions over the next 5 to 10 years. The collaboration between Distichain and Verofax Asia will offer a platform that delivers Digital B2B marketplaces as a service (MAAS) to enterprises by offering full marketplaces or through API integration.

Using blockchain and AI as core technologies, the platform digitizes global trade with end-to-end transactions through its ecosystem of supply-chain, verification, and trade finance providers. The solution enables suppliers to readily plug their catalogs, update product data, manage routes and orders, verify documentation and access aggregate financing and logistics all in one place. This unique platform that simplifies, secures, and empowers every participant in a trade.

"The signing of this MoU is an important step for Distichain's ambition to continue the further development and expansion of its solution. We are especially pleased to be taking this step alongside our partner Verofax Asia, and impact the ASEAN trading industry with rapid digital transformation through our one-day marketplace activation approach," said Mr Haisam Jamal.

Captain Koh added, "This platform will instantly digitalize the entire export and import process in governmental, non-governmental enterprises as well as SMEs. It will generate low-cost opportunity to digitize processes, introduce trade finance and automate supply-chain across all industries, accelerating economic growth in Malaysia and the ASEAN region. Through this partnership agreement signed today, we will further develop our technologies to meet the ongoing digitalization of international trade. Verofax Asia will have a massive impact on the performances of exports and imports with rapid digitalization, all the while building a resilient digital infrastructure and foster innovation for the recently signed Regional Comprehensive Economic Participation (RCEP) Trade Agreement, which came into effect on 1st January 2022."

About Verofax:
Verofax utilizes patented technology incorporating Blockchain, Augmented Reality and Artificial Intelligence to provide 'Traceability as a Service', enabling brands to turn their offline products interactive, and manage their entire supply chain to trace goods, fend off counterfeit activities, and improve manufacturers' productivity. Brands can extend their reach directly to end-consumers, thereby increasing consumer intimacy with direct engagement, and leveraging the boom in NFTs and metaverse experiences. Visit: www.verofax.com, or Email: info@verofax.com.

About Distichain:
Distichain delivers B2B marketplaces as a service (MAAS) to customers using blockchain and AI, digitizing global trade with end-to-end transactions through its ecosystem of supply-chain, verification, and trade finance providers. SMEs and enterprises alike benefit from automated transactions governed by the system to deliver door-to-door border agnostic trading, with on-platform trade compliance present rules. Using smart contracts, Distichain ensures the highest levels of data privacy, and by connecting to innovative solutions within Fintech and Supply Chain, it facilitates transactions backed by instant trade finance with zero email trading. Distichain's objectives are to simplify cross-border trading, secure end-to-end transactions, and empower decision-makers with real-time AI analytics. Visit: www.distichain.com, or Email: info@distichain.com.

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAn MoU was signed on January 12th, 2022, between Capt. Koh Chen Tien, Chairman of Verofax Asia, and Mr.Haisam Jamal, CEO of Distichain. The event took place in the Address Hotel Dubai Marina, where attendees from around the world were present for the opening of Malaysia Digital Week, taking place at Expo 2020 in Dubai, UAE.

Intel thinks it can deliver Bitcoin ASICs much more efficiently at lower cost, but I'll believe it when I see it.

Crowdfunding has been around for some time now, and although it has been a hard time for some projects to gain funds, bitcoin could be the answer. Let’s look at the root of the troubles and how crypto could potentially address them. Related Reading | Downward DOGE: Descending Dogecoin Pattern Predicts Deadly Drop The In’s and Outs… Crowdfunding is a practice where you can donate money – including cryptocurrencies such as Bitcoin, Litecoin, and more cryptocurrencies – to projects, associations or people to develop ideas. It is a very powerful mechanism and tool for innovation and supporting social enterprises. Different platforms, such as Kickstarter and Indiegogo have not taken their foot off the brakes; the web 2.0 crowdfunding movement, which has led to the creation of several billion-dollar tech startups, like Oculus, and raised millions of dollars for thousands of causes, is ripe for development. Crypto crowdfunding has the potential to be a network that connects people and their ideas. Today, crowdfunding is dramatically narrowed by its reliance on legacy finance, which limits the vast majority of the world from accessing it. Although this is good in theory, and has worked thus far, the major issue is the reliance on the legacy financial infrastructure, that is not only costly but globally fragmented. BTC: Bitcoin bouncing back after hitting all time high in November 2021. | BTC:USD tradingview.com Most crowdfunding platforms are only found in 30 countries. To date, the costs of operating crowdfunding in this network are very high, due to the many mediating third parties involved. The average crowdfunding platform charges a 7% fee per successful project. Could crypto’s aggressive transaction fees beat out traditional competitors? Crowdfunding & Crypto: A Pair Of Aces… Many platforms have had a hard time with the tight reliance of legacy financial infrastructure; this has made some crowdfunding platforms move over to the “web 3.0” model. One big example is Kickstarter, who has decided to move from its reliance on Stripe to creating its own crowdfunding protocol on other blockchains. This may make sense for equity-based crowdfunding, which can enable the platform and it’s users to invest in new companies and their ideas. A prime example of these worlds coming together was just last year with Bitcoin Smiles, which raised roughly 1.8 BTC. Bitcoin Smiles was an initiative aiming to raise funds and provide free dental care to impoverished people living in rural areas of El Salvador. Another project that can be used as an example is Kivéclair, a development project that educates people about bitcoin in the Democratic Republic of the Congo. Although these are only few examples of early crowdfunding in crypto, these do provide a valid source and hope that bitcoin can still rally through its community of caring bulls and bears. Related Reading | Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think? Featured image from Pexels, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

In exchange for releasing their Axies, owners will acquire Lunar New Year exclusive Land items.

The post Month-long Axie Infinity Releasing Event is Now Live for Lunar New Year appeared first on BitPinas.

Known as the ‘King of NFTs’ and the world’s leading entertainment NFT network, Worldwide Asset eXchange (WAX) will be celebrating its major milestones with a record-breaking 10 million NFT drop to WAX blockchain accounts.

The post WAX announces a historic 10 million NFT drop to its blockchain accounts appeared first on CryptoSlate.

JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network. “It looks like, similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains,” said JPMorgan. Ethereum […]

Shares of the Grayscale Bitcoin Trust (GBTC) hit record lows against net asset value.

LONDON, Jan 21, 2022 - (ACN Newswire) - Ingerson Capital Partners today released a performance report on 'Asia Driving Demand for Longer Trading Hours'. The report has outlined that there is a significant rising desire for brokers and other investment professionals, including its own, to trade on markets based outside of their time zones during their local trading hours - with Asia demonstrating the leading the pack.

Firms currently trading in extended sessions on international exchanges are driving the trend, with many of these financial institutions expressing some or significant interest in trading during extended hours trading sessions, according to researchers at Ingerson Capital Partners.

Overall, Asia has the strongest demand, with a large percentage of financial institutions throughout the continent already trading extended hours, and firms that do not currently are showing a keen interest to look into it. The highest demand for extended hours comes from asset managers and hedge funds, representing the increasingly global reach of this market segment.

"As we continue to push the evolution of our markets and satisfy the increasing global appetite for European derivatives, launching extended hours in Asia was the next phase of our company's globalization strategy," explained Matthew Price who heads up the Capital Markets division for Ingerson Capital Partners.

"As we move forward, extended trading hours will better align our business with our global peers, boosting our international visibility and connecting us to more of our clients," he added.

For firms currently trading extended hours, key drivers for the demand include capturing unique opportunities, requirements for trading strategies, the ability to respond to events throughout the day, and hedging considerations.

"The world is becoming a lot smaller in terms of investment firms' and their ability to trade globally, and the introduction of extended trading hours is a crucial move to facilitate that trend," said Simon Philips, Ingerson Capital Partners' Senior Vice President.

"The motivation from firms based in Asia, like our own, is to expand the scope of their trading activities and reflects the growing sophistication and vision of firms across this continent."

For those firms that are not yet trading extended hours, the most vital importance is to capture unique opportunities relating to extended trading hours.

About Ingerson Capital Partners

At Ingerson Capital Partners, we provide a more personalized approach to managing your finances. We take the time to get to know you, learn about your goals, understand your lifestyle, and listen to your ambitions to create unique solutions for every financial stage of your life. Find out more by visiting: https://www.icpmanagement.com/

Media Contact
Ingerson Capital Partners, Research Department.
James Peterson, Head of Analytics.
Broadgate Tower, 201 Bishopsgate, London, England, United Kingdom. EC2M 3AB
info@icpmanagement.com
+44 (0) 208 157 6450

SOURCE: Ingerson Capital Partners

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comIngerson Capital Partners today released a performance report on 'Asia Driving Demand for Longer Trading Hours'. The report has outlined that there is a significant rising desire for brokers and other investment professionals, including its own, to trade on markets based outside of their time zones during their local trading hours - with Asia demonstrating the leading the pack.

SINGAPORE, Jan 21, 2022 - (ACN Newswire) - 2021 was a huge year for the cryptocurrency market, with huge strides in growth and adoption of digital assets, NFTs, and blockchain worldwide. It was also an incredible year for Moonstake as we rose to the top rankings of global staking providers, reaching a total staking assets of $1.8 billion thanks to the support of our users and partners worldwide. As we begin the new year 2022, Moonstake as well as our strategic coin partners have many exciting news and programs in store for you as our platforms scale and evolve. To welcome our user community into the exciting new year, we're creating a series of articles in collaboration with our strategic partner on what you need to know about our partner coins in the year 2022, this time with TRON.
As of October 2021, Moonstake has been supporting TRON staking as an official Super Partner of TRON network via strategic partnership with the TRON Foundation. Since then, Moonstake has hosted numerous campaigns and initiatives that promoted awareness and adoption of TRON staking such as webinars, staking tournaments, quizzes, and giveaways.

In 2021, the TRON Network underwent major changes and accomplished many historic milestones. In December, TRON achieved full decentralization, now being run by 27 Super Representatives from the community. In September, TRON joined Bitcoin and Ethereum with its successful listing of VanEck TRX ETP (VTRX) on the Deutsche Boerse and Euronext (Amsterdam and Paris), providing investor access in 14 European markets. By the end of the year, the total number of accounts on the TRON network exceeded 69 million and the total number of transactions was more than 2.7 billion. In this article, we will be interviewing our partner at TRON about what is in store for the TRON ecosystem and its user community in 2022.

Q1 Which 2021 achievements are you the most proud of?

2021 is a vintage year for TRON. The main achievements include:

TRON boasts the largest circulating supply of stablecoins across the globe, overtaking ERC-20 USDT in April and accounting for more than 50% of the global market.

TRX's daily burning first exceeded daily increase in January, making it one of the first deflating digital currencies in the world, and it has been in deflation since the end of October.

TRX has been accepted by JVCEA as authorized crypto assets in Japan since March, joining some 20 cryptocurrencies listed in Japan.

TRON has been supported by global institutions. In September, the global leading asset manager VanEck listed its TRX ETP on the Deutsche Borse Xetra and Euronext (Amsterdam and Paris), and the US-based crypto investment fund Valkyrie launched TRX trust.

Q2 What measures are you going to take in 2022 to further increase adoption of TRON?

As a DAO, which is fully digitalized and able to scale globally, TRON will speed up its global expansion towards the mission of delivering the Global Human Settlement Layer of the future.

Q3 What can users expect from TRON in 2022?

As a purely community-governed DAO, TRON allows users to participate in governance and decision-making in a fairer, freer and more flexible fashion. Users will enjoy the full range of rights to engage in and decide the future of the TRON Protocol, while the voice and needs of the community will be heeded as much as possible.

Besides, as the most inclusive blockchain network in the world, TRON will continue to provide users low-cost and high-speed decentralized services, including stablecoins, wallets, storage, exchanges, lending, liquidity mining, cross-chain applications, Oracle, social media, games, etc.

Moonstake is proud to be strategic partners of TRON. We will continue to maintain strong support for the ever growing and developing TRON ecosystem and hope to bring even more great value to TRON and crypto users worldwide in 2022 to help accelerate adoption of the TRON and Moonstake ecosystems together.

About Moonstake

As a world-leading staking service provider, Moonstake develops and operates decentralized wallet services for enterprises and end users.

Our full-scale staking business started in August 2020. With the support of users all over the world, our total staking assets has risen to 1.8 billion dollars. In June 2021, we ranked third among 15,000 staking providers globally.

So far, we have expanded our business and ecosystem through about 30 strategic partnerships, including major blockchains such as Emurgo which is a constituent organization of Cardano, TRON, and NEO. In May 2021, we became a wholly owned subsidiary of the listed company "OIO Holdings Limited" on the Singapore Stock Exchange and we are working to further expand Moonstake's business and improve our credibility. https://www.moonstake.io/

About TRON

TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized services boasting nearly 100M monthly active users. The TRON network has gained incredible traction in recent years, with over 69 million users on the blockchain and upwards of 2.7 billion transactions. In addition, TRON hosts the largest circulating supply of stablecoins across the globe, overtaking USDT on Ethereum in April 2021. The TRON network completed full decentralization in Dec 2021 and is now a purely community-governed DAO.

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comAs we begin the new year 2022, Moonstake as well as our strategic coin partners have many exciting news and programs in store for you as our platforms scale and evolve. To welcome our user community into the exciting new year, we're creating a series of articles in collaboration with our strategic partner on what you need to know about our partner coins in the year 2022, this time with TRON.

Jack in the Box and FTX have come to an undisclosed settlement over the mascot related copyright suit, suggesting that the Moon Man’s days may be over in its current form.