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  • Web3 Gaming Summit in Hong Kong Ends on a High Note | by BitMedia Buzz | Apr, 2024

    Web3 Gaming Summit in Hong Kong Ends on a High Note | by BitMedia Buzz | Apr, 2024

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    BitMedia Buzz

    HONG KONG, April 16, 2024 — Web3 Gaming Summit in Hong Kong, organized by ABGA, co-hosted by ICC and aelf, supported by Web3Labs and CloudMile, was grandly inaugurated last April 8, 2024. This summit brought together industry leaders, developers, investors, and enthusiasts from leading organizations worldwide who are dedicated to Web3 gaming. It presented an event full of innovation and insight for industry explorers. Participants converged to focus on the topic of Web3 gaming, gaining cutting-edge insights and collectively exploring the limitless potential of Web3 gaming to shape the future blueprint of the industry.

    The Web3 Gaming Summit in Hong Kong commenced with grandeur on April 8, 2024, at 2PM (UTC+8) at Hall 3FG, Hong Kong Convention and Exhibition Center. Esteemed professionals from leading organizations within the industry delivered three keynote speeches and three panel discussions, covering various aspects of Web3 gaming ranging from game technology to business models, and industry trends to future developments. Meanwhile, the Ceremony of ICC Camp, the industry’s first accelerator dedicated to the Web3 Gaming sector, concluded successfully. Thirty-one start-up teams from ICC Camp S1 showcased their projects, taking the stage to share their entrepreneurial insights and experiences. This marked the formal closure of the offline entrepreneurship courses of ICC Camp S1.

    In a keynote speech, delivered by ABGA CEO Yoka Zhou, the focus was on exploring Asia’s leading position in the global Web3 gaming ecosystem. Yoka Zhou delved into how Asia harnesses its vibrant developer community, massive user base, and efficient infrastructure to achieve significant accomplishments in the realm of Web3 gaming. Additionally, she emphasized Asia’s innovative spirit and the importance of top-tier public chains in the gaming industry, highlighting the region’s pivotal role in shaping the future of gaming. ABGA and ICC Camp are committed to driving this momentum, fostering collaboration, and driving excellence in the development of Web3 gaming.

    Abin Arjun, Founder and CEO of Aura, provided a detailed exposition of Aura’s vision for future gaming development and its impact on the global gaming ecosystem. He also delved into the bright prospects of esports in the Web3 gaming sector. By combining Aura’s innovative concepts with the application of Web3 technology, he underscored the potential of esports in the future and explored how blockchain technology can be leveraged to drive the development of the esports industry, bringing more opportunities and innovation to players and developers alike.

    Khaniff Lau, Business Development Director of aelf, showcased the exciting potential of aelf in revolutionizing the landscape of Web3 gaming. Through a dual perspective analysis from both player and developer viewpoints, Lau delved into how aelf’s advanced blockchain technology is redefining the future of gaming. He highlighted unprecedented scalability, operability, and security aelf brings to users and innovative support opportunities for developers. With aelf’s innovation, the Web3 gaming industry is poised for a revolution that will elevate gaming experiences to new heights, creating more opportunities and possibilities for both players and developers.

    ICC Ceremony

    Kevin Shao, the initiator of ICC Camp, Executive Chairman of ABGA, and Co-founder of Bitrise Capital, graced the event to introduce the most focused, experienced, and professional Web3 gaming accelerator in the industry — ICC Camp. Kevin Shao showcased ICC’s robust ecosystem of resources and its visionary launch, while also announcing the official launch of ICC Camp S2. The ICC Ceremony presented a spectacular showcase of 31 outstanding startup projects from ICC Camp S1. Representatives from five projects took the stage to share their insights gained from ICC Camp and express boundless expectations for potential projects looking to join the ICC Camp S2.

    The panel discussion about ‘Does the Future of Web3 Gaming Require Supportive Ecosystems?’ was led by Denzel Lim, Business Development & Ecosystem Growth at aelf, representatives from various projects — Steven Cao, Founder & Head of Growth at GaFin; Chris Chodakowski, Founder of Wizarre Stormfights; and John, Founder of Project Schrodinger — came together to discuss the future of supportive ecosystems in Web3 gaming. The guests shared their perspectives and engaged in a spirited and constructive discussion on how to build a more supportive ecosystem. Their insights led the audience to recognize the importance of a robust ecosystem in supporting the development of Web3 gaming.

    Chris Zhu, CEO of Sonic SVM/Mirror World, moderated the second panel discussion at the event. The guests included Eric, CEO of Cellula; Alexey Stelmakh, BD at Satoshi Universe; Saku, Co-Founder of Matr1x; and SEAKUK OH, BD Lead at TRALA LAB. The discussion focused on the renaissance in the Web3 gaming sector, delving into how to shape innovative trends and developments in the industry. From blockchain-based gaming experiences to decentralized virtual worlds, the guests provided valuable insights into the future exploration of the gaming industry.

    This panel discussion of ‘The Future of Web3 Gaming — From the Perspective of Public Chains’ featured representatives from various top-tier public chains, offering the latest analysis of the future of Web3 gaming. Anderson Sima, Chief Editor of DeThings, moderated the discussion, with representatives including Adam Jin, Advisor at Solana Foundation; Sarah S, APAC BD Lead at BNB Chain; Pascal So, Product Market Strategy at starkware; and John Cho, Marketing VP at Klaytn Foundation. Together, they analyzed the future of Web3 gaming from the perspective of public chains, covering topics such as scalability solutions and cryptographic ecosystems. Their insights provided valuable perspectives on the evolution of gaming in the Web3 era.

    At this event, industry pioneers and practitioners shared valuable experiences and insightful perspectives, bringing abundant benefits to the participants. Their contributions not only deepened our understanding of the Web3 gaming industry but also showcased its unlimited potential and vast prospects for development. We express our gratitude to all participants, guests, and partners for their efforts and contributions, making this event a hub for knowledge exchange and innovative thinking.

    Web3 gaming is currently in a rapid development phase, and we anticipate that this cutting-edge and advanced Web3 gaming summit will drive industry transformation, bringing more surprises and opportunities to global players. Let us look forward to the SG WGS hosted by ABGA during the token2049 in September, where we can reunite and collectively explore the future landscape of Web3 gaming!

    About ABGA

    The Asia Blockchain Gaming Alliance (ABGA) is a non-profit blockchain gaming alliance initiated by leading institutions in the gaming industry to gather industry information, screen outstanding teams and companies, broaden investment horizons and promote the development of the blockchain gaming industry. Help Asian power quality projects and teams based in Asia, go to the world!

    About ICC

    ​​​IMAGINE CREATION COMBINATOR (ICC) provides high quality industry conference, event planning and organization services to practitioners in the WEB3 gaming space. Our events bring together key industry leaders and innovators, providing an important platform to discuss industry trends, connect resources and showcase innovations.

    About aelf

    aelf, a high-performance Layer 1 featuring multi-sidechain technology for unlimited scalability. aelf blockchain is designed to power the development of Web3 and support its continuous advancement into the future. Founded in 2017 with its global hub based in Singapore, aelf is one of the pioneers of the mainchain-sidechain architecture concept.

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  • Norway to Regulate Energy-Intensive Crypto Mining Activities

    Norway to Regulate Energy-Intensive Crypto Mining Activities

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    Norway plans to regulate cryptocurrency
    mining activities in the country by restricting data centers. Two government officials
    intend to propose a new law that will bring the data center industry under
    regulatory oversight for the first time in Norway.

    According to the media outlet VG, Norway’s
    Digitalization Minister Karianne Tung and Energy Minister Terje Aasland
    mentioned that this initiative is driven by the government’s desire to control
    and limit projects deemed undesirable, such as cryptocurrency mining, which is
    associated with significant greenhouse gas emissions.

    Norway will become the first country in Europe to
    implement comprehensive regulations for data centers, focusing on
    controlling energy-intensive activities like cryptocurrency mining. The
    expected regulation requires crypto mining operators to register with local
    authorities and disclose the services offered.

    Tung mentioned: “The government requires a
    registration obligation for who is behind the data center, who is the manager
    of the center, and an obligation to state which services are offered at the
    center. The purpose is to regulate the industry in such a way
    that we can close the door on the projects we do not want.”

    By mandating data center operators to disclose their
    activities, the Norwegian government aims to empower the relevant authorities
    to approve or reject projects based on their social and environmental impact.

    Greenhouse Gas Emission Concerns

    Aasland emphasized the importance of promoting
    socially beneficial data centers. In Norway, crypto mining is viewed as
    incompatible with the country’s environmental goals. Aasland highlighted
    concerns about the industry’s significant greenhouse gas emissions.

    He said: “This is incredibly important. It is very important to get a good overview of which services are offered in these
    data centers. It is the socially useful data center that we want. They are
    important for infrastructure.”

    Meanwhile, there are approximately four days until the much anticipated Bitcoin halving event occurs. Due to current high profits in the mining sector, analysts expect a slight drop of 5% to 10% in Bitcoin mining hashrate post-halving, according to a report by Finance Magnates. Some miners are reportedly planning to acquire more efficient equipment or diversify into other sectors after the halving.

    Meanwhile, Norway licensed the Vienna-based crypto exchange BitPanda last year, marking a significant milestone in the exchange’s European expansion efforts. BitPanda has already obtained licenses in Austria, Germany, Czechia, France, and Sweden. Besides that, the company obtained approval in Spain and entered the UK market by acquiring Trustology.

    Norway plans to regulate cryptocurrency
    mining activities in the country by restricting data centers. Two government officials
    intend to propose a new law that will bring the data center industry under
    regulatory oversight for the first time in Norway.

    According to the media outlet VG, Norway’s
    Digitalization Minister Karianne Tung and Energy Minister Terje Aasland
    mentioned that this initiative is driven by the government’s desire to control
    and limit projects deemed undesirable, such as cryptocurrency mining, which is
    associated with significant greenhouse gas emissions.

    Norway will become the first country in Europe to
    implement comprehensive regulations for data centers, focusing on
    controlling energy-intensive activities like cryptocurrency mining. The
    expected regulation requires crypto mining operators to register with local
    authorities and disclose the services offered.

    Tung mentioned: “The government requires a
    registration obligation for who is behind the data center, who is the manager
    of the center, and an obligation to state which services are offered at the
    center. The purpose is to regulate the industry in such a way
    that we can close the door on the projects we do not want.”

    By mandating data center operators to disclose their
    activities, the Norwegian government aims to empower the relevant authorities
    to approve or reject projects based on their social and environmental impact.

    Greenhouse Gas Emission Concerns

    Aasland emphasized the importance of promoting
    socially beneficial data centers. In Norway, crypto mining is viewed as
    incompatible with the country’s environmental goals. Aasland highlighted
    concerns about the industry’s significant greenhouse gas emissions.

    He said: “This is incredibly important. It is very important to get a good overview of which services are offered in these
    data centers. It is the socially useful data center that we want. They are
    important for infrastructure.”

    Meanwhile, there are approximately four days until the much anticipated Bitcoin halving event occurs. Due to current high profits in the mining sector, analysts expect a slight drop of 5% to 10% in Bitcoin mining hashrate post-halving, according to a report by Finance Magnates. Some miners are reportedly planning to acquire more efficient equipment or diversify into other sectors after the halving.

    Meanwhile, Norway licensed the Vienna-based crypto exchange BitPanda last year, marking a significant milestone in the exchange’s European expansion efforts. BitPanda has already obtained licenses in Austria, Germany, Czechia, France, and Sweden. Besides that, the company obtained approval in Spain and entered the UK market by acquiring Trustology.



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  • Shiba Inu Insider Reveals Top 5 Shibarium Investment Rules

    Shiba Inu Insider Reveals Top 5 Shibarium Investment Rules

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    In a post on X (formerly Twitter), Lucie, the marketing lead for Shiba Inu, has provided potential investors with a new set of guidelines for evaluating projects within the Shibarium ecosystem, a dedicated layer-2 blockchain aimed at enhancing the Shiba Inu network. This guidance focuses on critical factors that reflect a project’s contribution to the ecosystem’s growth and sustainability.

    Five Investment Rules For Shibarium Projects

    1. SHIB Token Burn: Lucie emphasized the importance of SHIB token burning as a primary metric. Token burning, or permanently removing tokens from circulation, is a strategy used to induce scarcity and potentially enhance the token’s value over time. Lucie assesses the impact of SHIB burns on the ecosystem’s overall health and price stability.

    2. Metaverse Development: The second rule focuses on whether projects are planning or currently building within the Shiba Inu Metaverse. As SHIB: The Metaverse represents a burgeoning area for development, investments in this space could signal forward-thinking and innovative capabilities within the Shibarium projects.

    3. Engagement with BONE Token: BONE ShibaSwap (BONE), serves as the gas token for transactions within Shibarium. Lucie queries whether a project is involved in burning BONE or creating utilities around it that increase its appeal and functional use within the ecosystem. This utility can significantly impact the token’s demand and usage patterns.

    4. LEASH Token Utilization: Another crucial factor is the use of Doge Killer (LEASH), another significant token in the ecosystem. Projects’ plans for incorporating LEASH into their functionalities or governance structures reflect their integration depth within the Shibarium network.

    5. Verified Contributions to Shibarium: The final criterion involves assessing the tangible, positive contributions a project has made towards improving Shibarium, with a necessity for these contributions to be verifiable on the blockchain. This transparency ensures that the projects not only promise but also deliver real value to the ecosystem.

    Examples Of Shiba Inu Projects Meeting Lucie’s Criteria

    Lucie named several projects that exemplify her investment rules. WoofSwap, for example, has been a proactive participant in SHIB and BONE burning through its inscription tokens and the launch of its meme coin, DAMN. This activity helps reduce the circulation of key tokens, potentially driving up their value.

    Shib Dream and Shib CoOp were cited for their contributions to building within the Shiba Inu Metaverse, a significant area of development that could herald new utility and user engagement within the ecosystem. K9 Finance has been noted for enhancing liquidity and staking mechanisms for BONE, creating more robust economic incentives and utility for the token.

    In terms of blockchain-verifiable contributions, projects like LumiBots, Mantra Protocol, NestX, and Shib CoOp assist in NFT adoption on Shibarium, facilitating a broader use case for digital assets within the ecosystem. DEX MARSWAP was highlighted for its role in facilitating Shiboshis staking and supporting new projects within the ecosystem.

    Shib Dream responded enthusiastically to Lucie’s endorsement: “All great projects! We have burned over a Billion Shib. Invested over 30K in Shibarium Projects. Building in the Metaverse. Gave back over $60K to the community. Good Deeds – Over $10k in Donations. Not using Leash yet going to figure that out. Other things coming soon. SHIBARIUM. Keep Building. Keep Dreaming.”

    At press time, SHIB traded at $0.00002360.

    Shiba Inu price
    SHIB breaks the symmetrical triangle to the downside, 1-day chart | Source: SHIBUSD on TradingView.com

    Featured image created with DALL·E, chart from TradingView.com

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



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  • Coinbase Challenges SEC’s Definition of ‘Investment Contracts’ in Crypto Transactions

    Coinbase Challenges SEC’s Definition of ‘Investment Contracts’ in Crypto Transactions

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    Coinbase Challenges SEC’s Definition of 'Investment Contracts' in Crypto TransactionsIn a recent legal challenge, Coinbase has filed a brief with the Southern District of New York, seeking permission for an interlocutory appeal against the U.S. Securities and Exchange Commission’s expansive interpretation of what constitutes an “investment contract” in digital asset transactions. This pivotal case could set significant precedents for the cryptocurrency industry in the […]

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  • Avalanche (AVAX) Downtrend Persists Amid Market Uncertainty

    Avalanche (AVAX) Downtrend Persists Amid Market Uncertainty

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    Generally, the cryptocurrency market is bearish at the moment, with coins like Avalanche (AVAX), Ethereum, Litecoin, XRP, Solana, and others all caught in this trend. Currently, the price of AVAX is on a strong bearish move below the 100-day Moving Average (MA) and could continue in that direction for a while before retracing.

    Technical Indicators Suggest A Bearish Trend For Avalanche

    Observing the chart from the 4-hour timeframe, AVAX has crossed below both the 100-day moving average and the trend line. This could mean that the price is on a downward trend. The MACD indicator on the 4-hour timeframe suggests a very strong bearish movement as the MACD histograms are trending below the MACD zero line.

    Avalanche

    Also, both the MACD line and MACD signal line are trending below the zero line. Given the formation of the MACD indicator, it shows that there is a possibility that the price will still move further downward.

    Furthermore, the Relative Strength Index (RSI) also on the 4-hour timeframe suggests a bearish trend as the RSI signal line is trending around the oversold zone. Despite the potential of a retracement at this point, the price will drop more following this.

    Avalanche

    The alligator indicator is another powerful tool used to determine the trend of an asset. A look at the above image shows that both the alligator’s lip and teeth have crossed over the alligator’s jaw facing the downward direction. This formation suggests that the trend is bearish and that the price could witness a deeper decline.

    What Could Happen Next

    Based on the price’s previous movement, there are two major resistance levels of $50 and $59.99 and a support level of $39.95. As Avalanche is on a negative trajectory, if prices manage to break below the support level of $39.95, it could trigger a move further toward the next low of $27.53.

    On the other hand, if the price fails to break below its previous low, it might start an upward correction movement toward the resistance level of $50.80. However, if it manages to break past this level, AVAX might move even further toward the $59.99 resistance level.

    As of the time of writing, the Avalanche was trading around $38, indicating a decline of 1.75% in the last 24 hours. Its market cap is down by over 16%, while its trading volume has increased significantly by nearly 250% in the past day.

    Avalanche
    AVAX trading at $38 on the 1D chart | Source: AVAXUSDT on Tradingview.com

    Featured image from Shutterstock, chart from Tradingview

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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  • Presidential Election Betting Surges as Odds Tighten on Polymarket

    Presidential Election Betting Surges as Odds Tighten on Polymarket

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    Presidential Election Betting Surges as Odds Tighten on PolymarketThe competition has notably intensified in recent months for the 2024 U.S. presidential election, as indicated by the prediction market platform Polymarket. Just two months ago, former President Donald Trump was ahead with a 52% lead, while incumbent Joe Biden was at 33%. Current figures from Polymarket still place Trump in the lead, albeit by […]

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  • Analyst Projects 400% Price Increase

    Analyst Projects 400% Price Increase

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    VeChain (VET), a blockchain platform aiming to revolutionize supply chain management, has become a hot topic in the cryptocurrency world. A recent surge in VET’s price, coupled with technical breakthroughs, has ignited a wave of optimism among investors and analysts.

    VeChain Shatters Resistance Levels, Bullish Flag Signals New Highs

    The good news for VeChain started with a decisive break above a multi-year downtrend line. This technical indicator, closely watched by analysts, suggests a potential shift in long-term market sentiment. Additionally, VET decisively surpassed a key horizontal resistance level, adding fuel to the bullish fire.

    At the time of writing, VET was trading at $0.04, down 3.1% in the last 24 hour, but managed to sustain a 17% gain the last week, data from Coingecko shows.

    Following this breakout, VeChain entered a consolidation phase, a period of sideways trading often seen after a significant price increase. However, this pause proved to be temporary. VET recently emerged from a bullish flag formation, a technical pattern known for preceding substantial price increases. Analysts are interpreting this breakout as a sign that VeChain is poised for another leg up.

    400% Surge Anticipated: Will VeChain Live Up To The Hype?

    Capitalizing on the bullish sentiment, crypto analysts have made some bold predictions. World of Charts, a prominent analyst group, is forecasting a staggering 400% increase in VET’s value in the coming weeks.

    X user Clifton Fx also provided a positive outlook. A 25% surge to $0.06 is in the cards in the next days, the expert said, pointing to VET’s “bullish flag” on the daily period.

    However, the cryptocurrency market is notorious for its volatility, and unforeseen events can trigger rapid price swings. While the technical indicators and analyst forecasts paint a rosy picture for VeChain, there’s no guarantee that the predicted surge will materialize.

    VET market cap currently at $3.5 billion. Chart: TradingView.com

    Beyond The Hype: VeChain’s Real-World Potential

    VeChain’s appeal goes beyond the recent technical triumphs and the allure of potential windfalls. Unlike many cryptocurrencies focused solely on speculation, VeChain offers a tangible solution to real-world problems. Its blockchain platform tackles inefficiencies and lack of transparency in supply chains, a multi-trillion dollar industry ripe for disruption.

    VET weekly price action. Source: Coingecko

    VeChain’s technology allows businesses to track products throughout the entire supply chain process, ensuring authenticity, quality, and efficient logistics. This not only benefits businesses but also empowers consumers with greater transparency about the products they purchase.

    VeChain’s recent surge and optimistic forecasts present an attractive opportunity for investors. However, the inherent volatility of the cryptocurrency market cannot be overstated.

    Featured image from Binance Academy, chart from TradingView

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.



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  • Global Blockchain Show and Global AI Show Premier in Dubai | by BitMedia Buzz | Apr, 2024

    Global Blockchain Show and Global AI Show Premier in Dubai | by BitMedia Buzz | Apr, 2024

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    InsiderFinance Wire

    Our PR partner, yourPRstrategist, is a proud PR partner of the Global Blockchain Show and is pleased to giveaway 10 standard tickets to our community. Check out their Twitter for more details!

    For those who wish to purchase a ticket, our PR partner, yourPRstrategist is happy to offer our community a 15% discount code: ‘PRstrategist’

    Dubai, April 12, 2024 — VAP Group is pleased to announce the inaugural edition of the Global AI Show and the Global Blockchain Show, scheduled to take place on April 16 and 17, 2024, at the Grand Hyatt, Dubai.

    The Global AI Show is a power stage hosting international and regional thought leaders in the artificial intelligence and the machine learning space, while the Global Blockchain Show will bring together experts from the Web3 ecosystem to share their insights and discuss future opportunities in the rapidly evolving industry.

    A wide range of themes will be discussed at both conferences in two days. At the Global AI Show, attendees will get a glimpse into an AI-powered future with keynote speeches on sectors such as healthcare, finance, retail, oil and gas unlocking new possibilities with the help of AI. The evolution of the digital ecosystem, data protection, blockchain in finance, gaming, the metaverse, and NFTs are some of the topics that will be discussed at the Global Blockchain Show.

    Jamie Metzl, a technology and healthcare futurist, will be navigating the implications of the AI, genetics, and biotechnology revolutions. Attendees can get their copies of Hacking Darwin: Genetic Engineering and the Future of Humanity signed and also get exclusive insights from Metzl’s new book — Superconvergence: How the Genetics, Biotech, and AI Revolutions Will Transform our Lives, Work, and World.

    Dr. Divya Chander, a neuroscientist and medical futurist, will take us on a journey from brain reading to brain writing to closed-loop brain machine interface systems through her headliner at the Global AI Show. Another prominent speaker at the Global AI Show is H.E. Dr. Mohamed Al Kuwaiti, Head of Cyber Security at United Arab Emirates Government, who will present a keynote on a future with AI.

    The Global Blockchain Show will showcase the dynamic landscape of blockchain technology. Among the distinguished speakers, H.E. Justin Sun, the visionary Founder of TRON and Member of the HTX Global advisory board, will take center stage. Renowned for his groundbreaking contributions to the blockchain space, Justin Sun will grace the event with his profound insights and forward-thinking vision. Additionally, Global Blockchain Show will feature a fireside chat with Lennix Lai, Chief Commercial Officer of OKX, who will encompass the yin and yang of crypto trading. Dominic Williams, Founder & Chief Scientist of DFINITY Foundation, will discuss the decentralized cloud vision of the DFINITY blockchain.

    Furthermore, the Global AI Show and the Global Blockchain Show are thrilled to have the world’s first AI humanoid robot Sophia as their Official Ambassador. Sophia is a prime example of the wonders of artificial intelligence and robotics, converging technology with humanity. Her presence at the two events seeks to inspire attendees on the limitless possibilities of AI and web3 technologies.

    The Global AI Show and the Global Blockchain Show will feature a start-up village where start-ups and scale-ups will have the chance to power pitch their innovative ideas, technology and creations to investors, venture capitalists and big tech. A VAP Accelerator will be launched to serve as an incubator for ambitious start-ups. Meanwhile, a community stage at the Global Blockchain Show and the Global AI Show will be set up to focus on fostering inclusivity, collaboration, and engagement within the blockchain and AI community.

    An official awards ceremony will take place on April 17 at the Grand Hyatt, Dubai. The Global AI Awards and the Global Blockchain Awards seek to recognise excellence and innovation, and pay tribute to the trailblazers, innovators and guardians who tirelessly push the boundaries of possibility in the field of AI and blockchain technology.

    The Global AI Show and the Global Blockchain Show will finish with an afterparty at the luxurious White Beach at Atlantis, The Palm. Hosted by VAP Group, the afterparty provides a unique platform for industry experts and enthusiasts to mingle, exchange ideas, build valuable connections, explore potential collaborations, and unwind in a relaxed atmosphere.

    About VAP Group

    VAP Group, an industry leader with over a decade of expertise in Web3 and Blockchain solutions, continues to revolutionize the landscape of digital innovation. Established in 2013, VAP Group has consistently delivered premium services including public relations, advertising, recruitment, content development, media, and management. Led by Mr. Vishal Parmar, the Founder and Chief Executive Officer, VAP Group stands at the forefront of innovation, shaping the future of blockchain technology. Under his mentorship, the company has focused on pioneering strategies in PR marketing, influencer marketing, bounty campaigns, conferences, and campaigns, setting new benchmarks in the industry. What truly sets VAP Group apart is its dedication to creativity, uniqueness, and holistic solutions. By adopting an innovative and forward-thinking approach, VAP Group has distinguished itself as a beacon of innovation amidst the competitive landscape of blockchain consultancy.

    VAP Group is the organiser of Global Blockchain Show and Global AI Show, extraordinary platforms poised to redefine the landscape of blockchain and AI technology respectively, offering dynamic gatherings where the brightest minds converge to unlock the potential of these transformative technologies.

    For media inquiries, exclusive interviews, or press passes, please reach out to: media@globalaishow.com or media@globalblockchain.com



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  • $41 Million Crypto Investment Scheme Collapses in Australia

    $41 Million Crypto Investment Scheme Collapses in Australia

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    In Australia, a massive cryptocurrency investment scheme involving approximately US$41 million and over 450 investors has collapsed. The country’s financial market regulator successfully obtained a court order to appoint receivers for the digital currency assets held by a group of three crypto mining companies, collectively known as NGS Companies, and their sole directors.

    The court order, issued on Wednesday, was part of the civil proceedings initiated by the Australian Securities and Investments Commission (ASIC) against NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd, along with their respective sole directors Brett Mendham, Ryan Brown, and Mark Ten Caten.

    Additionally, the court has restricted Mendham from traveling outside Australia.

    NGS Companies offered investment packages supported by their cryptocurrency mining activities. These packages guaranteed fixed-rate returns as high as 16 percent annually, according to the company’s website, with a minimum fixed return promised at 6 percent.

    The regulator highlighted that the schemes particularly encouraged investors to transfer funds from regulated superannuation funds to self-managed super funds (SMSFs), which were then converted into cryptocurrency. The promotional material on the company’s website, including “testimonials” and “stories,” seemed to specifically target elderly investors.

    “Member stories” on NSG Crypto website

    Regulator Gets Wary

    ASIC’s action was prompted by concerns that the invested funds in these cryptocurrency schemes were at risk of dissipation. Notably, none of the three implicated companies possessed the necessary financial services licenses to operate legally in Australia. ASIC is now holding them accountable for illegally marketing crypto mining-backed investment products.

    “Australians who choose to self-manage their superannuation should carefully consider the risks before using their SMSF to invest in crypto-related investment products such as blockchain mining,” advised Joe Longo, the Chair of ASIC. “These proceedings should also serve as a warning to the crypto industry that ASIC will continue to scrutinize products to ensure compliance with regulatory obligations and to protect consumers.”

    Earlier this year, the Australian regulator dismantled similar crypto-backed schemes that promised astronomical profits and banned a director of a crypto fund for dishonest operations.

    In Australia, a massive cryptocurrency investment scheme involving approximately US$41 million and over 450 investors has collapsed. The country’s financial market regulator successfully obtained a court order to appoint receivers for the digital currency assets held by a group of three crypto mining companies, collectively known as NGS Companies, and their sole directors.

    The court order, issued on Wednesday, was part of the civil proceedings initiated by the Australian Securities and Investments Commission (ASIC) against NGS Crypto Pty Ltd, NGS Digital Pty Ltd, and NGS Group Ltd, along with their respective sole directors Brett Mendham, Ryan Brown, and Mark Ten Caten.

    Additionally, the court has restricted Mendham from traveling outside Australia.

    NGS Companies offered investment packages supported by their cryptocurrency mining activities. These packages guaranteed fixed-rate returns as high as 16 percent annually, according to the company’s website, with a minimum fixed return promised at 6 percent.

    The regulator highlighted that the schemes particularly encouraged investors to transfer funds from regulated superannuation funds to self-managed super funds (SMSFs), which were then converted into cryptocurrency. The promotional material on the company’s website, including “testimonials” and “stories,” seemed to specifically target elderly investors.

    “Member stories” on NSG Crypto website

    Regulator Gets Wary

    ASIC’s action was prompted by concerns that the invested funds in these cryptocurrency schemes were at risk of dissipation. Notably, none of the three implicated companies possessed the necessary financial services licenses to operate legally in Australia. ASIC is now holding them accountable for illegally marketing crypto mining-backed investment products.

    “Australians who choose to self-manage their superannuation should carefully consider the risks before using their SMSF to invest in crypto-related investment products such as blockchain mining,” advised Joe Longo, the Chair of ASIC. “These proceedings should also serve as a warning to the crypto industry that ASIC will continue to scrutinize products to ensure compliance with regulatory obligations and to protect consumers.”

    Earlier this year, the Australian regulator dismantled similar crypto-backed schemes that promised astronomical profits and banned a director of a crypto fund for dishonest operations.

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  • Sam Bankman-Fried Appeals Conviction Only 2 Weeks after Sentencing

    Sam Bankman-Fried Appeals Conviction Only 2 Weeks after Sentencing

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    Sam Bankman-Fried, the Founder and former CEO of the collapsed FTX, has challenged his conviction and sentencing for conspiracy and fraud by filing an appeal in court yesterday (Thursday). The appeal was filed just hours before the deadline.

    Earlier, the judge had ordered Bankman-Fried to be remanded to a low or medium-security prison in Northern California. This facility is near his parents’ house, and the judge cited concerns for his security at a maximum-security prison due to his autism. Interestingly, during his trial and while awaiting sentencing, Bankman-Fried had requested to be kept in the notorious Manhattan Detention Center. Previously, he was an inmate at the Metropolitan Detention Center in Brooklyn.

    The appeal came two weeks after a US court sentenced him to 25 years in prison, along with three years of supervised release. He is also required to forfeit $11 billion.

    Billionaire to Convict

    Bankman-Fried was once regarded as the messiah of the cryptocurrency world, known for his altruistic vision, signature T-shirt, and shorts outfit. He became one of the youngest self-made billionaires through his FTX empire, which collapsed overnight following the discovery of his dubious business practices.

    After a high-profile trial, Bankman-Fried was convicted last November on multiple charges, including wire fraud and conspiracy to commit wire fraud and money laundering. Although the total maximum prison time for all the convictions could amount to 115 years, the prosecutors were seeking 40 to 50 years. Bankman-Fried’s legal team requested six-and-a-half years, but the court ultimately sentenced him to 25 years.

    During the trial, several close associates of Bankman-Fried testified against him. They all pleaded guilty to their roles in the shady operations at FTX and are now awaiting sentencing.

    Sam Bankman-Fried, the Founder and former CEO of the collapsed FTX, has challenged his conviction and sentencing for conspiracy and fraud by filing an appeal in court yesterday (Thursday). The appeal was filed just hours before the deadline.

    Earlier, the judge had ordered Bankman-Fried to be remanded to a low or medium-security prison in Northern California. This facility is near his parents’ house, and the judge cited concerns for his security at a maximum-security prison due to his autism. Interestingly, during his trial and while awaiting sentencing, Bankman-Fried had requested to be kept in the notorious Manhattan Detention Center. Previously, he was an inmate at the Metropolitan Detention Center in Brooklyn.

    The appeal came two weeks after a US court sentenced him to 25 years in prison, along with three years of supervised release. He is also required to forfeit $11 billion.

    Billionaire to Convict

    Bankman-Fried was once regarded as the messiah of the cryptocurrency world, known for his altruistic vision, signature T-shirt, and shorts outfit. He became one of the youngest self-made billionaires through his FTX empire, which collapsed overnight following the discovery of his dubious business practices.

    After a high-profile trial, Bankman-Fried was convicted last November on multiple charges, including wire fraud and conspiracy to commit wire fraud and money laundering. Although the total maximum prison time for all the convictions could amount to 115 years, the prosecutors were seeking 40 to 50 years. Bankman-Fried’s legal team requested six-and-a-half years, but the court ultimately sentenced him to 25 years.

    During the trial, several close associates of Bankman-Fried testified against him. They all pleaded guilty to their roles in the shady operations at FTX and are now awaiting sentencing.

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