Web3.0

Impact of Europe's MiCA Bill on Web3 Firms

Saturday. September 28 at 9:30 AM

1 min. read

Europe's forthcoming cryptocurrency regulatory framework, known as the Markets in Crypto-Assets (MiCA) bill, is anticipated to bring both positive and negative effects to the industry. While MiCA is hailed as a significant step towards legitimizing the crypto ecosystem, it also poses a threat of consolidation among crypto firms in the region. According to Anastasija Plotnikova, CEO of Fideum, the bill could lead to centralization concerns and potentially overpower smaller firms. The MiCA framework, set to be fully implemented by December 30, has already prompted large European financial institutions to prepare their digital asset offerings. This shift towards regulation may make the Web3 industry more similar to traditional finance, potentially hindering smaller firms with limited resources from scaling. Despite these challenges, major banks like Societe Generale are gearing up to comply with MiCA by launching MiCA-compliant stablecoins, signaling a significant transformation in the financial landscape.

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Transitioning to Web3: U2U Network's Decentralized Solutions

Friday. November 1 at 12:30 AM

Chloe Phung, co-CEO of U2U Network, discussed the growing interest in projects like Filecoin and the challenges of achieving growth in the Web3 space. U2U Network, supported by KuCoin Ventures and others, focuses on decentralized resources like VPN and GPU. Their decentralized VPN, U2DPN, has attracted over 60,000 users globally. The network boasts a high-performance layer-1 platform with a Direct Acyclic Graph and Helios consensus protocol for security. Through subnets, U2U Network offers a sharing economy model for node users, encouraging participation and decentralization. The network's public node sale was a success, selling out within hours. To sustain decentralization, U2U rewards node operators with tokens. Phung emphasized the importance of community contribution and the need to cultivate demand for decentralized resources. Despite challenges as a female founder in the tech industry, Phung remains optimistic about the future of women in Web3 startups.

Web3.0

Hitachi Introduces Web3 Development Solution

Wednesday. October 30 at 8:00 AM

Hitachi, through its subsidiary Hitachi Solutions, has launched a Web3 development solution providing comprehensive support from training to platform commercialization. The solution includes classroom training on Web3 concepts, business consultation, use case study creation, and infrastructure development services. Notable offerings include software-as-a-service cloud computing and platform-as-a-service using Hyperledger Besu and Consensys GoQuorum. Hitachi Solutions has been active in the blockchain space since 2016, contributing to Hyperledger and partnering with Consensys. Despite its presence, it has yet to establish itself as a major player. In contrast, Sony made waves in the Web3 sector with its Soneium blockchain launch. Japan also boasts homegrown blockchain companies like Mitsubishi UFJ Financial Group and Soramitsu, which have been involved in stablecoin and central bank digital currency projects in Asia and the South Pacific.

Web3.0

Japan's Web3 Transformation by Monex Group

Wednesday. October 23 at 9:00 AM

Japan's government actively supports Web3 as a national policy, creating a conducive environment for Web3 businesses. Monex Group, in an exclusive interview with CryptoSlate, highlights Japan's tax reforms, legal positioning of DAOs, and support for Web3 events. Since 2017, Japan has mandated registration for cryptocurrency exchanges to ensure user safety. This regulatory clarity has led to innovations like stablecoin issuance. Large corporations like NTT Docomo and Square Enix are entering the Web3 space, signaling Japan's Web3 ecosystem's maturity. Monex Group, a financial holding company, offers various crypto-related services and has a Web3 consulting business. Their expertise includes NFT projects and community building. Monex's OASIS project, operating across multiple metaverses, has attracted a large community. The company's insights from OASIS are leveraged to support other organizations entering Japan's Web3 market. Monex Group actively participates in industry events, showcasing its expertise and services in the evolving Japanese Web3 market.

Web3.0

Integration of Polimec with Banxa for Web3 Fundraising

Saturday. October 19 at 10:00 AM

Polimec, a decentralized Web3 fundraising protocol on Polkadot, has partnered with Banxa, a fiat-to-crypto gateway, to enable users to invest in blockchain projects using credit cards. This integration simplifies the process of converting fiat currencies into tokens like USDT, USDC, and DOT for blockchain fundraises. By bridging traditional finance with decentralized finance, Polimec aims to provide seamless access to Web3 investment opportunities. The collaboration with Banxa reduces barriers to entry for both experienced and new investors, making the onboarding process more inclusive. Polimec is committed to enhancing user experience and accessibility, with plans to introduce additional features to streamline the investment process. With Banxa's integration, Polimec is moving closer to its goal of making multichain Web3 investments more accessible globally. The protocol's permissionless fundraising infrastructure ensures transparent and fair access for all investors.

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