Indians opt for state-run blockchain platform amid bulk SMS regulations

The Telecom Regulatory Authority of India (TRAI) established messaging regulations that require scrubbing consumer communication messages to ensure that the receiver of the message has opted in for such interactions. The drive is supported by BSNL DLT, a content verification platform built on ledger-based blockchain protocols. As the SMS regulation is applicable for all industry verticals, the list of 7,477 registrations includes banks, educational institutions and private businesses. TRAI had reportedly warned about blocking communications of non-compliant entities, as an official said: “The Telecom Regulatory Authority of India will accept…

Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform – Regulation Bitcoin News

Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed firm. The Death Threats According to an Itweb report, the Cajee brothers — who have agreed to testify on October 19 and 20 — will only do so virtually. The report confirms that both Ameer and Raees, who have already received several death threats, were initially scheduled to appear before the inquiry in the second week of September 2021. However,…

Estonian ‘auto liquidation’ DeFi platform Minterest raises $6.5m

Decentralized finance protocol Minterest has just secured $6.5 million in funding for a long-term yield optimization platform. The private fundraising round was contributed to by a number of venture capital companies including KR1, DigiStrats, Bitscale Capital, PNYX Ventures, CMT Digital and others. The Estonian-based team intends to use the funding to develop the lending and borrowing protocol which it claims is “designed to make DeFi fairer for users.” Minterest uses a buyback mechanism that captures value and passes all of the revenue generated by the platform to its community. It…

Central Bank of Turkey Expands Research, Prepares to Test Digital Lira on New Platform – Bitcoin News

The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will allow Turkey to focus on expanding research and conducting tests of the prospective digital lira. Turkey Sets Up Digital Lira Collaboration Platform The Central Bank of the Republic of Turkey (CBRT) has secured agreements with two defense and technology companies, Aselsan and Havelsan, the Scientific and Technological Research Council of Turkey, and the Informatics and Information Security Research Center to…

PrimeDAO raises $2M to build cooperative platform for DAOs

PrimeDAO, a project seeking to facilitate greater coordination and cooperation between decentralized autonomous organizations (DAOs) in the DeFi sector, has secured $2 million in seed funding. According to an announcement shared with Cointelegraph, the round featured participation from notable DeFi investment funds including Signum Capital, LD Capital and Stacker Ventures. The funds will be used to develop the “DAO2DAO” (D2D) product suite for PrimeDAO, with the platform set to feature a ‘Negotiation Interface’ designed to enable coordination between DAOs. The platform will allow the creation and ratification of agreements between…

Immutable raises $60M for its carbon-conscious NFT platform

Immutable, a layer-two nonfungible token (NFT) protocol built on the Ethereum blockchain, has announced a $60 million Series B funding raise from a multitude of corporate venture firms, including Sam Bankman-Fried’s Alameda Research and Gary Vaynerchuk’s VaynerFund. The funding round was co-led by gaming investment platform Bitkraft Ventures and venture firm King River Capital. The new capital will be allocated to supporting Immutable’s growing ambitions, including expanding its global engineering and sales departments, fostering industry partnerships and scaling the network’s native NFT gaming projects. Through its scaling solution, Immutable X,…

FUFU Raises $1.7m From Major Investors to Develop the Next Generation Content Marketing Platform – Sponsored Bitcoin News

UwUFUFU.com, a content marketing platform, has successfully raised $1.7 million USD from early investors. Adopting the play-to-earn mechanism in the form of viral quizzes, anyone can create, play, share quizzes and earn NFTs through FUFU’s reward system. NFTs on FUFU function as a collectible and a potential membership to gain access for future events, drops, sales, and more. They also function as “boosts” in drop rate and rarity of items from loot balls, which serve as the delivery mechanism of rewards. This is the backbone of FUFU, which they believe…

BlockFilm Becomes Leading Blockchain-based Film Financing Platform after Groundbreaking OSC Exemption Order – Blockchain News, Opinion, TV and Jobs

BlockFilm is to become the first independent and leading blockchain-based film financing platform in the space. The Canadian based production platform will be powered though a strategic partnership with TokenFunder. A groundbreaking Exemption Order by the Ontario Securities Commission (OSC), paved the way for this ‘tokenized’ production financing opportunity to happen. The decision follows a rigorous process conducted by the OSC’s Launchpad teamand helps investors in content production avoid multiple-year waits before monetizing their investment, and gives producers access to wider pools of investment. It also allows BlockFilm to bring…

Linux Foundation launches blockchain-based platform for insurance

The Linux Foundation, the nonprofit technology consortium that supports the Linux operating system, is backing a new blockchain-based project for the insurance industry. On Monday, the foundation announced the launch of the Open Insurance Data Link platform, a project that aims to reduce the cost of insurance reporting and create a standardized insurance data repository using distributed ledger technology. OpenIDL is a joint initiative of the Linux Foundation and the American Association of Insurance Services, a national insurance advisory organization in the United States. The open-source project brings together major global insurance…

Euler.Tools, a Unique Platform to Explore and Discover Blockchain Tools – Press release Bitcoin News

press release PRESS RELEASE. Jorge de los Santos is the man behind Euler.Tools, a platform that wants to change how people analyze the blockchain industry by providing an all-encompassing view of crypto paired with an easy to use interface. Similar to the legendary mathematician and project’s namesake Leonard Euler, who founded graph theory and solved the Königsberg bridge problem, Euler.Tools aims to create a method for navigating a complex problem. Euler.Tools helps users find the most efficient way for users to navigate blockchain technology using educational, interactive tools. Traders have…