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Castillejo claims that there is a violation in “privacy, human rights, constitutionally protected” of every user who is trading in cryptos, such as Bitcoin. The Argentinian lawyer provided the following on the matter:

Castillejo filed the action before the National Court in Administrative Litigation No. 10 in Argentina and aims for the BCRA to delete any information they have collected. If this fail the class action habeas data will also seek to “disassociate the data that it has requested.”

The BCRA has requested information from local banks about customers who trade and deal in bitcoin and any other crypto transactions. The information requested by the Central Bank are:

The reason the BCRA are requesting this information is to evaluate whether the crypto market requires an extensive regulation.

AIBC UAE will take place on the 25th to 26th May, 2021, in the emirate of Dubai. The event will bring together key brands and individuals from the converging sectors of AI, blockchain, IoT, Quantum Tech to discuss and shape the future of emerging tech.

It is one of the leading events globally for blockchain, AI, crypto, and other emerging technologies, and gathers together an elite selection of delegates, policymakers and thought leaders from across the globe. Such international recognition has helped propel AIBC Summit become a favourite on the world circuit for emerging tech conferences and expos.

Mayor Francis Suarez is aiming to develop Miami into a cryptocurrency hub by modelling their approach after Wyoming

Miami’s mayor, Francis Suarez, is aiming to sell Miami as the crypto capital not only of the US but of the world.

Miami is nicknamed as “The Magic City” due to its rapid growth and fun, vibrant atmosphere. Now, Francis Suarez wants to turn Miami into a financial and tech hub.

The city has undergone a massive marketing campaign, which included selling the naming rights of the Miami Heat’s arena to FTX crypto exchange.

FTX crypto exchange, which is headed by Samuel Bankman-Fried, was one vote away from winning it’s bid. Now, the NBA has just approved the deal to go through.

The deal is set to be worth $135million for the next 19 years and was approved by the Miami-Dade County Commission. From the $135M deal, $90M will be going into Miami’s coffers and this funding will be used to fight gun violence and poverty in the area.

Reports state that the agreement includes yearly payments from FTX to Miami-Dade. Miami-Dade control the naming rights for the building.

Moreover, mayor Suarez also wants to pay Miami’s municipal workers and accept tax payments in Bitcoin, while also invest Miami’s funds in bitcoin.

Miami has also experienced a massive influx of people coming to Florida from Silicon Valley and New York due to Bitcoin’s raise in popularity. There is belief that these two trends are related to each other, according to Mayor Suarez as companies are starting to realise the talent pool there is in Miami in regards to tech.

However, there is still an issue when it comes to regulation. Miami are said to follow Wyoming’s crypto policies. Wyoming, the least populous state in America, is embracing cryptocurrencies and has a number of pro-crypto lawmakers. These lawmakers are ensuring that digital currency remains an integral part of their legislative agenda.

Wyoming’s lawmakers had previously put forward a number of bills to attract the crypto industry. The three bills that were previously passed by the state aimed to make Wyoming the number one state in the US for cryptocurrency and blockchain businesses.

Miami has also gained the backing from IBC Group, a private equity firm based in Dubai. The firm claimed that is will spend 100,000 Bitcoin to help realise Mayor Suarez dream, by launching a Miami 2.0 Blockchain Strategy Foundation.

Which states/cities will join Wyoming and Miami in becoming a crypto-focused area? Could these initiatives propel bitcoin into the mainstream?

Central Banks across the world have been exploring the possibility of implementing a digital currency. Which countries may follow China in launching their own digital currency?
A digital currency can provide a safer financial environment as it will enable individuals, private companies and a number of financial institutions to settle directly in central bank money rather than through bank deposits.

Therefore, through digital currencies, there will be a reduction in liquidity concentration as well as a reduction of credit risk in payment systems.

This has resulted in a number of countries actually developing their own digital currency while other countries are in the process of or are exploring/explored the possibility of implementing a digital currency.

5. China – Digital Yuan

The People’s Bank of China has developed the digital yuan, which is a central bank digital currency which aims to replace a portion of paper cash in circulation. One of the purposes of the digital yuan is to increase competition in China’s mobile payments market which is currently dominated by Alipay and WeChat Pay.

China is already very advanced in cashless payments and the digital yuan will definitely fasten the process. It was also announced that the digital currency will be legal tender and no interest will be paid on it.

The People’s Bank of China will distribute the digital currency to commercial banks. These banks will then take on the responsibility of distributing it to consumers through services such as exchanging coins and cash for digital yuan.

Many economists also believe that eCNY will make China’s currency compete with the US dollar since it will be able to move with less restrictions and barriers

China’s creation of the digital yuan, which was in the works since 2014, is a first in major economy and could possibly set off a domino effect with a number of other major countries ready to develop their own digital currency.

4. Senegal – eCFA

Senegal’s digital currency, called eCFA, launched back in 2016. eCFA was introduced to co-exist as a legal tender alongside its recognised currency – CFA Franc.

The launch of this virtual currency was carried out through a collaboration between the Banque Régionale de Marchés (BRM) and eCurrency Mint Limited. Eventually, the BRM launched the eCFA in compliance with regulations of the Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO) and the Central Bank of West African Economic and Monetary Union (WAEMU).

The eCFA is completely controlled by the Central Bank since they also control the production through a digital currency production engine which is meant to be kept offline.

3. Singapore – Project Ubin

Singapore is a leading nation in research into central bank digital currencies through Project Ubin. Singapore is working closely with Shanghai through a collaboration between the Monetary Authority of Singapore and the People’s Bank of China for developing digital currencies.

Although Singapore does not have an actual digital currency, the aim of Project Ubin is to reduce cross border payment costs, settlement speed and increase security. The initiative was launched back in 2016 and Project Ubin’s prototype has been validated through workshops with more than 40 financial and non-financial organisations.

Project Ubin’s uses includes a fast and cost-effective cross border transactions, foreign exchange and smart contracts for trading. It has huge potential for collaboration with more central banks to build a cross-border payments networks.

2. Venezuela – Petro

Petro is a cryptocurrency that was launched by the government of Venezuela. However, it does not seem like it is being used as an actual currency. The purpose of the Venezuelan government issuing Petro was to supplement Venezuela’s currency by backing the cryptocurrency on oil and mineral reserves while also acting as a way to go around U.S sanctions.

However, last year President Maduro stated that he wants the virtual currency to be widely used as a form of payment by locals, even though there is a lack of education on the way it is used. Maduro also decreed that airlines flying from Caracas must pay fuel through the cryptocurrency.

1. UAE and Saudi Arabia – Aber

The two countries, through the Saudi Central Bank (SAMA) and the Central Bank of the United Arab Emirates (CBUAE), collaborated with each other to launch project Aber.

This project was launched to determine whether DLT could enable cross border payments between these two countries and whether it would reduce time of transfers and minimise costs between banks.

The new digital currency ‘Aber’ forges a closer financial relationship between the two. SAMA and the CBUAE have released the final results of the pilot project which seem positive as the findings were consistent with the results of other pilot programs conducted by other central banks.

Countries that have launched Central Bank Digital Currencies (CBDC) pilot programs

10. United States of America

After China announced their own digital currency, the US Federal Reserve is now planning its own digital dollar prototype.

According to the Federal Reserve Chairman, Jerome Powell, the US Central bank is exploring possibilities to launch a digital dollar.

Powell announced this during an event organised by the Bank for International Settlements (BIS). Two prototypes of the digital dollar are nearing completion which were developed by officials at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT).

Cunha (pictured) added that once the prototype is released, others will be able to build on its foundations. However, there are still a number of issues that need to be addressed by the Central Bank, Treasury and Congress for this project.

9. UK

8. Japan

7. Germany

Authorities in Germany are developing technology that allows investors to buy and sell securities on the blockchain and in exchange receive central bank money.

Several institutions both public and private have been experimenting with a distributed ledger technology (DLT), known to be behind powering several cryptocurrencies including bitcoin, for finalising trades in official money.

Budesbank partnered with Deutsche Borse and the German Govt. debt agency for this new venture and stated on Wednesday that this new solution is the first of its kind, allowing people to sell securities on blockchain and receive their proceeds in their central bank account.

There is expectation that this newly found technology will be made available to the entire euro zone, before the European Central Bank’s digital euro is launched.

6. Sweden

5. Canada

4. Australia

3. Israel

2. Russia

1. European Central Bank

Crypto casinos are a good example of how a whole business can run almost exclusively online and on digital platforms

The online world is expanding, and becoming more digitalised. Meaning that many things are moving online. This goes for both work, entertainment and learning. Two good examples of the ever growing digitalisation is online casinos and crypto currency.

Both of these showcase how far technology has come. And the combination of these comes into play in crypto-casinos. (Find the best Crypto-Casinos here if you are in need of some inspiration.)

Playing casino games online is a much more accessible and flexible way of passing your free time. The digital, online casinos can be accessed through many devices with internet access. This means that casinos can be brought to the players through smartphones, tablets and laptops. These types of platforms are both modern and forward-thinking, and so it comes as no surprise that some of them have decided to implement the newest, digital types of payments: crypto-currency.

You may not have heard the term “crypto currency before”, but there is a significant chance that you have heard of types of crypto currency. Bitcoin is an especially well-known crypto currency that has gained a lot of attention and popularity in the past few years. Other crypto currencies include Ethereum, Tether and Binance Coin.

So, what is crypto currency exactly? Crypto currency is a type of virtual currency that can be used to pay at a growing number of stores and companies. Much like normal currency, you will have a set amount of currency that you can use to pay, or you can get more of by being paid. The difference is that there is no physical representation on crypto currency. No notes or coins. This is something that makes some people hesitant to get into crypto currency, but more and more people are slowly being won over.

Crypto-casinos are online casinos that accept crypto currencies. Online casinos have grown substantially in popularity as more and more players are joining them. Much like normal casinos, they have a variety of games that enables the players to gamble. This will typically mean that they players have to deposit money onto their user accounts at the casinos. For crypto casinos, the money will in the form of crypto currency.

Online casinos are increasing in popularity and will generally have a lot of the well-known and popular games that you already know from traditional, land-based casinos. This includes a vhumanariety of slots, card games, roulette and others. The best online casinos manage to create a great atmosphere for players that makes the experience much more fun and engaging. Here website design, user-friendliness, quality of games and variety of games play a big role in creating the overall feel of the casino.

Some online casinos offer live dealer games, and these tend to be popular due to the feeling of playing with other, real people. A live game with a live dealer is a game run by a real-life dealer in real time. The dealer will be sat at a casino table and be live streamed to the players. Then the players participate in the game like they would, if they were physically there. They will often have the option to interact with each other through chat. This helps to create some of the excitement and fun that many people associate with regular casinos.

When searching on the internet for online casinos, you will quickly discover that the selection is quite large. As a player you have plenty of options to choose from which means that you have the chance of being picky. But it can also make the decision-making process a bit longer and more confusing. Naturally, you will have an interest in picking the best casino but this can be harder to do that you might think.
It can be hard to determine what is the best online casino as it depends a lot on the player. However, there are a number of casinos that generally would be a good choice. When trying to determine what is the best online casino for you, personally, it can help to try to identify the things that are most important to when playing casino games. Maybe you care a lot about the graphics and music in the games as they play a big part in the overall atmosphere? Maybe you have certain, less-known games that you want to be able to play.

It is worth noting that many online casinos will offer bonuses for new players. These can make it easier to get started. They will usually be in the form of free spins on a slot game or a bonus, matching your first deposit, that you can use to play for. You can take these bonuses into consideration when choosing a casino but it should be remembered that the bonus only is for new players, and once you have used it, you will not get more out of it. So, it makes more sense to focus on the quality of the casino rather than possible bonuses.

Online casinos have gained popularity and so has crypto currency. The combination of these two is a logical one that is very much in line with the general direction of technology and human habits. Crypto casinos are a good example of how a whole business can run almost exclusively online and on digital platforms. With no need for any physical space except for office space for the creators and the server. It is a good example of the future of both entertainment and professional life.

Crypto casinos should not be ignored when looking into the possibilities created by technological advancements. In many ways, these forward-minded businesses can offer a lot of inspiration for other industries looking to keep up with the times and make themselves more accessible to a wider range of customers. The possibility of keeping everything digital and online will likely makes businesses more popular and more attractive to new customers. So, there is a good reason to keep up with the trends in this area.

The $2.6billion figure surpasses the whole of 2020 by $300million

Data analysis firm, CB Insights, found that an estimated $2.6billion was raised by approximately 129 blockchain start-ups during Q1 2021.

The figure for 2021 eclipses that of 2020 by more than $300million as startups raised $2.3billion for the whole previous year through 341 deals. The figures show that venture capitalists are pouring money into this lucrative industry compared to the previous years. However, the surge in blockchain startups has certainly helped the rise in funding.

Several startups such as BlockFi Inc, Dapper Labs and Blockchain.com were very influential in the amount raised.

BlockFi

Dapper Labs

Blockchain.com

Till now, the year 2018 recorded the most funds for blockchain and crypto startups with a total capital raise of $3.3billion. This was due to the bull-run that occurred in that year, cooling down in 2019 ($2.1billion). However, according to CB Insights data, blockchain and crypto start-ups are set to outperform 2018’s figures with ease.

Q1 of 2021 also saw bitcoin’s market cap escalate to $1trillion while the entire crypto market appears to be on course to break the $2 trillion barrier.

The deal will be the first of its kind, further propelling bitcoin and cryptocurrencies into the mainstream

FTX crypto exchange, which is headed by Samuel Bankman-Fried, is said to be one vote away from winning it’s bid to acquire the naming rights for the Miami Heat’s arena.

The deal is set to be worth $135million and is said to be approved by the Miami-Dade County Commission by March 26th.

The report states that the agreement includes yearly payments from FTX to Miami-Dade. Miami-Dade control the naming rights for the buildings.

Previously, the Miami Heat’s arena was named as the “American Airlines Arena” for the past twenty years but it is expected to change if FTX acquire the last remaining vote.

Additionally, the Miami-Dade is also expected to pay an annual sum of $2million to the Miami Heat due to “an option the county exercised in 2018 to find the arena’s next sponsor.”

Joe Pompliano added that, although there isn’t an amount that has been disclosed regarding net revenue for Miami-Dade to receive payments over time, it is expected that the city will look to gain $5million from the naming rights deal.

This move aligns with the Miami mayor’s vision for big companies and tech executives to embrace cryptocurrencies.

The deal between Miami-Dade and FTX will also represent another major milestone for FTX’s CEO, Bankman-Fried. The young billionaire was revealed to be the second biggest donor to Joe Biden’s election campaign.

CoinCasso is leading the way with a fresh platform that combines features of both decentralized and centralized cryptocurrency exchange

CoinCasso is not only a cryptocurrency exchange but also a whole ecosystem of services. In the CoinCasso brand, you will also find Bitcoin ATM’s for buying and selling cryptocurrencies, our CCWallet cryptocurrency wallet, and soon a payment gateway for cryptocurrency payments.

In our Spotlight Asia series we’re celebrating some of the leading innovators and game-changers in the emerging tech sectors across Asian markets. It’s a guide to who-to-know and how they’ve shaped the industry for the future, an invaluable source focused on the up-and-coming and established minds in the emerging tech space.

As the rate of innovation increases exponentially through technologies such as blockchain, AI, and IoT, there’s a new breed of high-achievers entering the space. Others have further solidified their place in the sector with years of experience informing their ideas.

Jihan Wu co-founded one of the world’s leading manufacturers of Bitcoin mining devices

Jihan Wu graduated from Peking University in 2009 where he earned degrees in both economics and psychology, following which he went on to work as a financial analyst for a private equity firm.

After his discovery of bitcoin in 2011, and his consequent purchasing of 900 bitcoins with help from family and friends, he founded China’s first bitcoin community site “Babite”. He was also the first to translate Satoshi Nakamoto’s bitcoin white paper into Chinese.

In 2013, he co-founded Bitmain with microelectronics engineer Micree Zhan where they developed Antminer S1, the company’s first mining rig, and have now moved on to become one of the world’s leading manufacturers of Bitcoin mining devices.

Last year, Wu stepped down as co-CEO of Bitmain and founded Matrixport, a financial services company for cryptocurrencies based in Singapore. They are currently looking to raise $40 million and an increase in valuation up to $300 million.

Dr Sergei Shnizer created and developed a tool which increased the precision of embryo viability testing

Dr Sergei Shnizer plays a vital role for Carmel Diagnostics, who were the first company in the world to create a benchtop system that measures oxidative stress in body fluids at the point of care and within minutes.

Dr Sergei Shnizer is the inventor of TCL technology and the first to apply it to medicine. Specializing in Anesthesiology and Intensive Care Medicine, he developed an interest in the effect and mechanisms of free radicals in critically ill patients.

The Fertissimo TCL Analyzer measures oxidative stress, which is a powerful biomarker of embryo viability. This is a noninvasive analysis of the embryo’s reproductive potential and has seen a 20% average increase in embryos carrying on to conception.

Dr Shnizer was also a co-founder of SPM Ltd. (now OZ Recovery Technologies), which developed a device for treatment of diabetes wounds using ozone.

Prior to immigrating to Israel, he spent 15 years at Botkin Hospital in Moscow in the Department of Emergency Medicine and Hyperbaric Oxygen as Senior Physician. Dr Shnizer’s PhD thesis covered “Using Free Radical Activity Tests in Intensive Care Units.”

Tzali Cnaani also helped create and develop the tool which increased the precision of embryo viability testing

Tzali Cnaani is also intimately involved with Carmel Diagnostics and has a proven track record in all facets of leading R&D and businesses, from inception to fundraising, product strategy, operations and sales management.

Previously, Cnaani was CEO of Lumitest, a company which developed a unique medical device to measure oxidative stress in biological fluids, establishing the technology through cooperation with medical centers and academia. Prior to that, he was CEO of SAE Afikim (Afimilk), a world leader in computerised dairy management systems.

Cnaani was EVP and member of the board of directors of Gambit Computer Communication.

Brendan Blumer’s Block.one recently launched Voice.com, a blockchain-based social media platform

Brendan Blumer had an interest in the internet from a young age, having developed the website “GaMeCliff” to sell virtual assets in the existing multiplayer online gaming communities of games such as EverQuest and World of Warcraft.

After GaMeCliff got acquired, his next online venture involved launching another gaming-related website, The Accounts Network in 2007, and then Okay.com in 2010, a data-sharing platform for real estate brokers in Asia.

Blumer then went on to form Block.one with Daniel Larimer, which is an open-source software publishing company specializing in blockchain technologies with their first project being EOS.IO – a blockchain protocol powered by the native cryptocurrency EOS.

They’ve recently launched the Voice.com beta in the US, and it is set to roll-out to other English-speaking countries. Voice looks to reward users who engage on the platform with Voice tokens, and is built on giving control back to its users.

The Bounties Network successfully combines cryptocurrency and project management

The Bounties Network offers a platform to create projects, collaborate, and get paid in cryptocurrency for doing jobs in any domain.

It empowers people to incentivise and self-organise, from freelancing to grassroots social action, and anything in between.

What do you think of our list? Do you agree with our choices? Tell us who you think should be featured in November for the European edition – or create a list of your own and share it with us!

AIBC Summit is the emerging tech destination for leading brands in the sector, held in both Malta and Manila. The event brings together thought leaders in the blockchain and AI space. Join us at the first edition of Manila AIBC Summit, the future tech event of the year, set to take place on the 08-09 June 2020.

In-depth documentary goes behind the scenes at 2019’s Malta AIBC Summit

Miguel Francis-Santiago’s incredible “The Future is Now” documentary is a film about our sector-leading AIBC Summit in November last year. This episode, “The Rise of The New World”, is a must-watch for all the enthusiasts in the blockchain & emerging tech space, and a beautifully filmed documentary about innovation, disruption, and mass adoption.

This iteration of the roving crypto documentary #TheFutureisNowFilm marks the third time that blockchain filmmaker Miguel Francis-Santiago and his team visited Malta and AIBC Summit, getting under the skin of last November’s packed event. This year we will also host a new blockchain event hosted by us at Manilla.

This episode from Miguel’s “The Future is Now” series delves into the current state of affairs in the emerging tech sectors, interviewing some of the big name speakers and industry leaders at last year’s #AIBCSummit Winter Edition. The film features a musician turned crypto entrepreneur #Akon of the Akoin Foundation, the man who claims to be Satoshi Nakamoto, Dr. Craig Wright (the founder of Bitcoin Satoshi’s Vision), Bobby Lee from the Bitcoin Foundation, Irina Heaver of Emirex Exchange Middle East, Daniel Dabek of Safex E-Commerce App, Kieran Macleod of Longtail Financial, Serge Komaromi from B.O.S. Foundation, Gilberto Arredondo from Belega, Diego Mourad from S4FE Blockchain Foundation and Jonathan Shaw from SiGMA Group!

Innovation, disruption and mass adoption surrounding the predominant issues of the blockchain space are carefully interwoven by Miguel Francis-Santiago to keep you glued to your screen for an insightful 40 minutes! It is the only documentary series to successfully get behind the sector and reveal the truth about the current state of DLT and future of the industry.

Featuring: AKON, Craig Wright, Angelo Dalli, Bobby Lee, Irina Andrea, Daniel Dabek, Kieran Macleod, Serge Komaromi, Gilberto Arredondo, Diego Mourad, Jonathan Shaw.

About AIBC Summit:

AIBC Summit is the emerging tech destination for leading brands in the sector, held in both Malta and Manila. The event brings together thought leaders in the blockchain and AI space. Join us at the first edition of Manila AIBC Summit, the future tech event of the year, set to take place on the 08-09 June 2020.

Ahead of GateChain Mainnet Launch, Gate.io Unveils Crucial Features that will Redefine Blockchain Transaction Security

∙ GateChain Mainnet ecosystem promises 100% asset storage safety ∙ Gate.io to showcase GateChain’s disruptive features at
Malta AI & Blockchain Summit

Blockchain assets exchange platform, Gate.io will present GateChain Mainnet’s unique features at
Malta AI & Blockchain Summit. GateChain is a novel solution to the transaction safety issues in blockchain technology. GateChain is an innovative next-gen public blockchain, which solves security issues and guarantees asset safety even after losing private keys. GateChain’s on-chain asset safety and decentralised exchange sets itself apart from the other traditional blockchains, such as Bitcoin and Ethereum. “It is exciting to witness this revolutionary journey with our users as we continue to receive feedback and suggestions from our users after the recent launch of the GateChain Testnet. We believe Gatechain will redefine blockchain security, leading to a brighter future for all blockchain enthusiasts. With a unique Vault Account technology and supporting transaction model design, GateChain has implemented a guaranteed safety mechanism, addressing challenges of asset theft and missing private keys,” said Marie Tatibouet, CMO at Gate.io.
What can Users Expect – Main Features of GateChain GateChain’s unique on-chain vault account protects onchain assets from thieves and its fund recovery mechanism can recover onchain assets from losing private keys. GateChain’s high speed blockchain comprises 1 second block and instant block finality. Users can enjoy Proof of Stake with low energy consumption, a low inflation rate, and other benefits for the holders. There is a real time order placing and matching decentralised exchange with cross-chain which brings easy blockchain token issuing and cross-chain transfer. The holistic ecosystem comprises personal wallets, enterprise multi-sign wallets, hardware wallets, and exchanges.

GateChain Ecosystem and Innovation in Technology The major innovation behind GateChain is its on-chain “Vault Account” with safety features that allow revocable transaction and damaged private key restoration, providing a unique blockchain safety solution to individuals, enterprises and banks. GateChain’s robust ecosystem comprises GateChain blockchain, GateChain DEX (decentralised exchange), GateChain Token (GT), and GateChain wallet characterised by enterprise-grade safety and efficiency for digital asset storage, issuance and trading. While GateChain has implemented a guaranteed safety mechanism, GateChain DEX has an ultra-high-performance matching engines and low participation costs. It supports cross-chain transfer for multiple currencies and uses privately owned encrypted wallets to safeguard users’ assets, solving the challenge around fund safety centralised exchanges face. GateChain Token (GT) is the native currency of the GateChain Mainnet used to pay the transfer fee on GateChain network and is a fundamental part of the GateChain ecosystem. GateChain offers both normal and vault accounts to meet the daily payment demand and storage assets safely and efficiently. While, the normal account allows instant payments where the transaction is irreversible, the onchain vault account allows revocable transactions and private key restoration, providing complete safety to the users. GateChain brings 100% asset storage safety at a very low cost, making it immune to brute-force attacks.
About Gate.io
Gate.io is a global blockchain asset exchange platform operated by Gate Technology. Established in 2013 and developed fully in-house, Gate.io enables blockchain enthusiasts to trade and store assets in over 200 of the leading crypto currencies. Recognising the importance of blockchain security, Gate.io sets itself apart by prioritising security and experience, providing users with quick and easy access to assets, at a time and place to suit them. GateChain is industry’s first innovative public blockchain that aims to revolutionise the paradigm of security in the blockchain space. GateChain is a novel solution to fund safety and its decentralised exchange guarantees asset safety even after the destruction of private keys, bringing 100 percent asset storage safety at a very low cost.

Online merchants wishing to accept cryptocurrency may now do that easily

Apcopay, a leading supplier of eCommerce payment and banking solutions for financial institutions, retailers and internet merchants and elegro, an Estonia-based licensed crypto exchange, today announced the launch of elegro’s crypto acceptance solution. Through this partnership, online merchants wishing to accept cryptocurrency may now do that easily, eliminating chargeback risk typically found within the credit card world, whilst also carrying no currency exchange exposure. Moreover, funds are sent directly to the merchant’s bank account without the need to create crypto-specific wallets. According to
cryptopolitan.com, statistics show that the adoption of mainstream cryptocurrencies
has increased by more than 70 times in the last six years, yet more than 80% of users preferred to use a credit card for online purchases, so this shows that crypto propulsion to the next level may largely be attributed to user acceptance.

Forming an integral part of the Apcopay payments offering, merchants who wish to avail themselves of elegro’s crypto acceptance solution to their users need only activate the new options through their checkout page without the need for any complex technical development. Timm Schneider, CEO of elegro said “I’m very excited about the partnership with Apcopay as it allows us to drastically speed up our rollout plan for this year and make our crypto merchant acceptance solution available to a large network of businesses immediately. We are a young company and such a reliable partner is vital to our success. Existing Apcopay merchants can now enjoy a frictionless onboarding and use their existing integration rails to activate our crypto acceptance. This is a major milestone to establish our crypto acceptance for merchants that did not even think about it so far.” Daniel Buttigieg, Head of Business Development for Apcopay said that ‘the amalgamation of elegro’s product suite within Apcopay’s unified integration stack will translate into higher conversion rates for our merchants in need of an additional chargeback-free payment method. We do believe that the partnership with elegro will bring about a simplified user and merchant experience to crypto acceptance in non-tech laden environments. We are proud to partner with elegro and roll out a myriad of solutions aimed to streamline the whole process and offer more value.”

About Apcopay

Apco Systems Ltd. is a trusted company providing payment services to the banking and eCommerce industry for over 25 years. Payment processing services are offered to more than 25 countries worldwide, 1200+ merchants, and over 40 acquiring partners. Having more than 240 alternative payment methods, Apcopay continues to expand the range of available payment solutions for a variety of industry verticals. Find out more at
apcopay.eu

About elegro

elegro is an Estonia-based licensed crypto exchange allowing merchants to accept Bitcoin and other cryptocurrencies online and at POS. The merchants get settled in fiat without the need to open a crypto wallet or to get involved in the underlying blockchain technology. The brand elegro is established by the company Niko Technologies OÜ, a software house specialized in blockchain development. elegro also offers easy-to-use solutions for individuals interested in getting involved in crypto payments. For more information, please visit
elegro.io

HWG is the first Asia-based stable token

The digital payment solution is now possible in Malaysia as HWGG Capital PLC has officially launched its HwgPay Blockchain Ecosystem. HwgPay is a digital asset wallet that can be used to store, send, receive, and make payments using digital assets and cash tokens such as Bitcoin, Ethereum, and HWG Cash. HWG is Asia’s first regulated cash token, pegged against the US dollar, making it the first Asia based stable token. The event took place in at Shangri-La, Kuala Lumpur, and was horned by the presence of Tan KokWai, Special Envoy of Malaysia to the People’s Republic of China as well as DanialMah Abdullah, director-general of Labuan Financial Services Authority (Labuan FSA).The HwgPayBlockchain Ecosystem aims to empower both consumers and merchants with solutions that not only enable and simplify digital asset spending, but also allow safer and faster everyday transactions. Commenting on this HWGG Capital chief executive officer Gavin Lim said: “The launch of HwgPayBlockchain Ecosystem is the culmination of the long journey undertaken by HWGG Capital to introduce regulated digital assets transactions for consumers and businesses,” He added: “Blockchain technology has the potential to not only change the way we conduct secure, online payment transactions but also innovate everyday services such as distribution, automation, and verification.”

In early 2019, the Malaysian Finance Ministry announced that the country is well on its way towards becoming a cashless society, with over 90% of Malaysians having access to online banking and local vendors at ease with digital wallet.This vision is shared by HWGG, who’s Labuan FSA licensed solutions already enable users to easily pay for products and services with digital assets. HWGG is working in line with the government’s efforts of turning the Federal Territory of Labuan into a fintech and blockchain hub. Commenting on this Tan said: “Since its adoption of blockchain technology, 25% of the world’s blockchain projects are currently underway in China. The country also holds the most number of patents on blockchain technology.” “With blockchain technology’s potential to level the playing field between developing and developed nations, Labuan has now taken its first major steps towards digital innovation following the launch of the HwgPayBlockchain Ecosystem.” The Malaysian government is also encouraging digitalisation in both private and public sectors as the country moves towards Industry 4.0. This is particularly poignant in light of the fact that the global economy is now digitally powered, and blockchain technology is rapidly driving innovation within the banking and manufacturing industries.
About AIBC: Malta AI & Blockchain Summit is a bi-annual expo covering topics relating to the global sectors for blockchain, AI, Big Data, IoT, and Quantum technologies. The event includes conferences hosted by globally renowned speakers, workshops for industry learning and discussion, an exhibition space accommodating more than 400 brands and a number of networking events.

Argentinian lawyer, Victor Castillejo, filed a complaint against the Central Bank of the Argentine Republic over data protection