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How Zero-Interest SETUSD Loans Work in Setheum — Islamic DeFi 101 | Muhammad-Jibril B.A.

This is a story on Islamic Decentralised Finance 101, we will look into how the SetMint CDP (Collateralised Debt Position) Halal loans…

Bitcoin2.0 (XBTC) platform-backed cryptocurrency and near-instant payments.

Hello everyone, how are you? This time I want to take the time to tell you about a unique and transparent Defi project called Bitcoin2.0…

Activision Blizzard Employees Say Leadership Remains “Radio Silent” Over Requests To Meet With Striking Workers

It's been just over a month since Activision Blizzard employees went on strike following the unexpected termination of 12 contractors working on the Raven Software QA team. In that time, employees have repeatedly gathered to share their demands of the company in an effort to "foster a transparent and trusting relationship" and enter peaceful negotiations. However, despite their best attempts, a current Raven Soft employee has now said there have been no steps made towards reconciliation.

In a recent report by Inverse, the outlet spoke with both former and current Activision Blizzard employees about the company's working conditions as well as the ongoing strike. Jessica Gonzalez, the founder and organizer of ABetterABK (A Better Activision, Blizzard, and King), says that despite requests for the QA team to meet with leadership to discuss the ongoing crisis, leadership "hasn't opened a dialogue" with the workers. Her claim was then backed by two current Raven Software employees, both of which chose to remain anonymous.

“QA has not been involved in any of these discussions,” the first employee told Inverse. “Our request to meet with leadership has been met with radio silence.”

The second employee then expanded upon the comment, stating:

“Activision’s silence is something we expected, but were nevertheless disappointed to see. The company continues to publicly state how it wants to develop a clear line of communication between management and employees while actively going against its claims of transparency behind closed doors. ABK is not looking to change its toxic ways and improve the company culture anytime soon.”

The article also delved into the general mistreatment many QA testers experience in the industry, from grueling hours and crunch to not being offered benefits, stability, or proper recognition for their work. According to another anonymous source, "Many testers stay with the company for years but are forced to take unpaid breaks between contracts so they can legally remain ‘temporary employees.’ Temporary contracts do not include the benefits or bonuses given to regular full-time employees. QA workers are stuck working full-time hours and frequent overtime, doing vital work for the development process without ever receiving the benefits that are given to other departments.”

Unfortunately this report is merely the latest development in lengthy timeline of corporate wrongdoings by the company behind Overwatch, Diablo, World of Warcraft, Call of Duty, and countless other titles. Since July 2021, Activision Blizzard has been under investigation due to numerous reports of sexism, discrimination, and unethical working conditions made against the company. While some members of leadership have stepped down from their positions, CEO Bobby Kotick remains in power at the company--despite claims that he actively covered up workplace harassment as well as threatened a female coworker.

Iota teases data sharding research as EU’s EBSI tender enters Phase 2A

It started with 35 bids, now it’s down to five – and Iota is still in the running to win the tender for the European Union Blockchain Service Infrastructure project (EBSI).

‘Digital authoritarianism’: Congressman wants Fed banned from CBDCs

Congressman Emmer says CBDCs could be a Fed "surveillance tool that Americans should never be forced to tolerate from their own government."

The post ‘Digital authoritarianism’: Congressman wants Fed banned from CBDCs appeared first on Protos.

Lucky Block Celebrates 2022 With Donation To The British Red Cross

Lucky Block, the crypto-powered lottery platform, has donated $5,000 worth of crypto to the British Red Cross in what is expected to be the first [...]

Community Token (COMT) is now available for trading on LBank Exchange

Community TokenLBank Exchange, a global digital asset trading platform, has listed Community Token (COMT) on January 12, 2022. For all users ...

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What Are the Benefits of Using Cloud-Based Workplace Apps?

Cloud technology has been an instrumental driving force in many industries. Companies around the world are expected to spend over $947 billion on cloud technology by 2026. There are many ways that the cloud is changing our daily lives and the business models of entire industries. One of the biggest changes has to do with […]

The post What Are the Benefits of Using Cloud-Based Workplace Apps? appeared first on SmartData Collective.

Crypto Credit Scoring Protocol CreDA Partners with FilDA to offer Leveraged and Low-Collateral Lending

New York, NY, Jan 14, 2022 - (ACN Newswire) - CreDA (Credit DeFi Alliance), the leading decentralized credit rating service and FilDA, the largest ever DeFi lending platform on HECO with a peak TVL of over US$2 billion, have partnered to offer exclusive lending rates to CreDA users. Users who mint their Crypto Credit Score as a Credit NFT (cNFT) will have access to leveraged lending and low or no-collateral loans directly within the CreDA platform.


The partnership comes only a few months after CreDA officially launched its platform and demonstrates the value Crypto Credit Scores can have by removing many of the barriers in traditional banking and the DeFi space. According to Bank of America, over 200 million users are now part of the digital asset universe, yet very few financial institutions would provide them with a loan. Even within the DeFi space, lenders operate in an over-collateralized manner with typical loan-to-value (LTV) ratios below 50 per cent.

Modeled after traditional consumer credit agencies, CreDA introduces the concept of personal credit scores into the $250 billion decentralized finance (DeFi) ecosystem.

Leveraging existing blockchain infrastructure, CreDA provides a trust architecture for the relatively young and volatile MetaFi ecosystem that includes emerging areas such as DeFi, GameFi and SocialFi.

"While our core business is focused on supporting the overall ecosystem through trusted and verifiable credit scoring, ours is a new concept for this space. By partnering with FilDA we hope to demonstrate the value and viability of the CreDA Credit Score to reward both users and lending institutions by brokering more transparent and trusted relationships," explains Fakhul Miah, incoming Chief Executive Officer. "We like to say that we're finally giving credit where credit is due."

How to get leveraged, low or no-collateral loans

CreDA allows users to link their wallets, mint a credit NFT (cNFT) and borrow at industry-defying rates, all from within the same platform.

CreDA provides on-chain credit ratings using the CreDA Oracle, which employs artificial intelligence (AI) to examine the user's assets, historical transactions and behavior in the crypto space across multiple blockchains. This data is used to calculate a credit score that is then minted into a secure non-fungible token called a credit NFT (cNFT). The cNFT enables the user to unlock preferential rates and incentives.

The FilDA partnership lets users access leveraged lending and low or even no-collateral loans based on the users Crypto Credit Score. The score represents a user's ability and willingness to pay back loans, de-risking Filda's exposure and rewarding the user for good on-chain behavior.

One major focus for CreDA is ensuring a safe and secure experience for users. To do this, data is fully protected, secured by industry leading, W3C compliant Decentralized Identifications (DIDs), which are linked to a user's cNFT. CreDA recently underwent a strict security audit with leading blockchain security group, CertiK.

About CreDA

Built on the Ethereum Layer 2 network, CreDA operates on Arbitrum with developers aiming to launch across multiple chains including, BSC (Binance Smart Chain), Ethereum mainnet and ESC (Elastos Sidechain) in Q1 of 2022 with more to follow throughout the year.

CreDA's Credit Oracle has already retrieved the data of billions of on-chain activities related to more than 90 million addresses across the largest blockchains. This large initial data pool helps to build a reliable and trusted credit model that will continue improving as more data is collected from additional chains and users who connect and mint their credit scores. The CreDA protocol is designed to compute a user's Crypto Credit Score while protecting their identity through the use of a DID, which does away with KYC (know your customer) checks.

The aim for the CreDA protocol is to eventually combine traditional (off-chain) and blockchain (on-chain) data to compute a holistic user credit score that allows for more flexibility and access between people's virtual and 'real world' lives. This will become even more relevant as technology advances and society continues to embrace virtual spaces, such as the Metaverse.

"As Benjamin Franklin once said, 'If you want to know the value of money, try borrowing some!' said Cassie Zhang, Chief Operating Officer during CreDA's launch in late 2021.

"The DeFi landscape is quickly evolving, but there is still one factor that is missing -- credibility. The CreDA protocol enables DeFi and other Web 3 platforms to model risk profiles across their user base and offer personalized rates and services, making them more competitive versus industry peers."

Social Links
Twitter: https://twitter.com/credafinance
LinkedIn: https://www.linkedin.com/company/creda-finance
Discord: https://discord.com/invite/eSvTm6a6kb

Media Contact
CreDA (Credit DeFi Alliance)
E-mail: press@creda.app
Website: www.creda.app

SOURCE: CreDA



Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

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Tokeny Joins Hands with Inveniam Capital Partners

Luxembourg-based tokenization platform, Tokeny announced a collaboration with Inveniam Capital Partners that includes an investment worth 5 million euros from Inveniam, Apex and K20 Fund, today.

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