The European Union has voted against enacting a proposed rule that could have effectively banned Bitcoin and Ethereum. The EU’s economic and monetary affairs committee voted 30-23 to nix a provision from a draft of the Markets in Crypto Assets (MiCA) bill which would have limited the use of proof-of-work cryptocurrencies which some officials deem […]

The post EU Votes to Reject DeFacto Ban On Bitcoin appeared first on Coin Bureau.

March 14, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ The SEC rejected two spot bitcoin ETFs from NYDIG and Global[...]

The post Trading Spikes in These 2 NFT Projects appeared first on Unchained Podcast.

This week was riddled with volatility as Bitcoin's price went on a wild ride. We also saw Biden's executive order, the highest CPI numbers in decades, and more.

Aave is one of the nine projects selected to move forward in Brazil's digital innovation challenge.

Colombo, Sri Lanka, Mar 4, 2022 - (ACN Newswire) - GROW, an incubation service for blockchain and emerging technology projects, has announced the opening of its operational offices in Sri Lanka. Located in One Galle Face Tower, Colombo, the GROW office opening had in attendance personnel from all sectors of government, including Namal Rajapaksa, the Sri Lanka Minister of Digital Technology and Enterprise Development.

At the ceremony, Namal Rajapaksa relayed the Sri Lanka government's stance on the remarkable achievement.

"We are proud and happy to have you guys here as young entrepreneurs in the blockchain technology sector and taking Sri Lanka, leading Sri Lanka into the new era. As a Government, myself, my secretaries here, the Central Bank, Deputy Governors, all of us, are excited to be here today and to welcome you all," Minister Rajapaksa said.

GROW is Committed to Bolstering Innovation and Adoption of New Technologies

GROW aims at harnessing innovation in the budding Web3 space, creating innovation for youths, building sustainable business models via Web3, and advancing a national strategy for Web3 education with an emphasis on gaming, token economics, and the metaverse.

GROW capitalizes on Sri Lanka's refreshing approach to new technologies and developing markets like Web3, blockchain, and the metaverse. GROW recognizes the untapped potential that is the South Asian market and has set up an operating base in Colombo. This move, GROW hopes, will inspire other emerging platforms in the new technology space to leverage Sri Lanka's excellent approach to these new markets.

GROW is pioneering the introduction of lenient and progressive legislative regulations and policies that will aid Web3 experts in developing decentralized applications [DApps] and ecosystems that will open an avalanche of earning opportunities for the people of Sri Lanka. Additionally, GROW is committed to creating national awareness about these emerging markets and highlighting the undeniable positive impacts on the economy.

Peter Carroll, CEO & Founder of GROW, while speaking at the opening ceremony, reiterated GROW's commitment to recognizing and widening the opportunities in the metaverse, blockchain, gaming, and Web3 markets. Mr. Carroll believes forward-thinking leadership could put Sri Lanka at the center stage—as a vehicle for the proliferation of these exciting and newfangled technologies.

"New technological economies are combining with widespread technological infrastructure and forming the building blocks of our economic future. How they are utilized and regulated will define social mobility for today's youth. At GROW, we firmly believe these times are part of a shift, from the innovation phase of a technology breakout to the early adoption phase of the blockchain-based industries of Web 3.0," CEO Peter Carroll further said.

Citing "sandbox" as what Sri Lanka could be, GROW's founder unequivocally stated that Colombo could be one of the leading hubs for frontier technologies globally.

"I mean, think about it, what drives an entrepreneur? Building! We build ideas, products, and businesses, so what could be more exciting than being here in Colombo and helping to develop the people, economy, and tech infrastructure of a $120 billion state-of-the-art Smart City?

For us, the answer is simple: nothing! We want to engage with the blue-chip companies of Web 3.0 like Animoca Brands, Polygon and encourage them to help us drive opportunity, to educate and build traction because we believe Central and Southern Asia can drive actual adoption.", Peter Carroll said.

About GROW

GROW is an incubation service for blockchain-based projects and emerging markets like Web3 and the metaverse. GROW aims at facilitating the real-world impact of blockchain technology. To achieve this, GROW offers a complete set of innovative features and ideas, advisory networks, and connections for Web3 builders.

Social Links
Instagram: https://www.instagram.com/growgrouphq/
Twitter: https://twitter.com/GrowGroupHQ
LinkedIn: https://www.linkedin.com/company/79858038/admin/
Medium: https://thegrowgroup.medium.com/

Media Contact
Brand: GROW
Contact: Ash McDowell, Executive Assistant
Email: [email protected]
Website: https://thegrowgroup.com/

SOURCE: GROW

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

Part three of the “Bitcoin Is Not Democratic” series explores the building blocks necessary to construct a civilization that transcends politics.

The project stands as fully-developed and compliant with all legislative requirements. It is also signed off by all applicable authorities, including the national energy supplier, Eskom.

The acquisition goes beyond the expectations of its initial roadmap, further increasing value to its token holders in the long run. Likewise, it aims to utilise the MGT token for P2P green renewable energy trade among consumers. Soon to come are Green MGT Megaverse and carbon credit-backed NFTs.

The Beta project value stands at $113 million, encompassing a 60-megawatt farm and a 100-megawatt world-class storage technology. The move increases profitability with the opportunity to sell green energy at peak rates, blue chipping listed parties who previously signed the project for kick-off.

The project approximates its profits at $624.568 million in the next 20 years from selling green energy and trading carbon credits. Moreover, it will be battling carbonization and reducing the carbon footprint of large energy consumers.

How the Project Will Bring More Value to Token Holders

The project will dedicate 40% of its profits to the custodian company, MGT Solar PTY. Its management falls under the fiduciary directors, who also act as custodians for token holders participating in the performance staking program.

Notably, all the profits garnered from MGT Solar PTY will go to participating token holders as financial rewards.

The mechanism ensures that despite the MGT token being a utility token, holders can be rest assured that the projects and plants are backing its value and rewards. As such, this factor ensures sustainability and increased value to all holders.

A Token Built to Push Sustainable Green Energy

Each MGT Token is backed by MGT Solar PTY Ltd and the 60mw solar plant. Notably, the first two plants will kick off in 2022. Additionally, the whole project is a golden opportunity as green energy projects take up to 60 months for development and maturity to beta status.

Along with these new steps, the project transitioned to the Binance Smart Chain, known among the most progressive platforms offering support to upcoming projects. 

The project rounded up its ICO and is boasting a listing on the Bitmart exchange, with the next exchange listing scheduled to occur on 7th March. It hopes to round up 3 more listings on major exchanges in the coming 6 weeks. 

About Megatech

MGT Solar (PTY) Ltd is an Alternative Energy Supply firm. It adopts the most advanced green sustainable energy technology to solve feasibility issues while assuring maximum efficiency and profitability.

There is high demand for electricity supply, particularly in Africa, and one of the most significant challenges is developing feasible and sustainable green energy solutions. Hence, combining cutting-edge solar energy technology, revolutionary storage technology, and a dynamic funding model was necessary to ensure minimal turnaround time and exponential profitability.

Megatech has recently updated its branding strategies and now has new social handles. Follow the new Megatech socials by clicking on the links below:

Social Media Links:

Website: https://megatechmgt.co.za

Instagram: https://www.instagram.com/megatech.mgt/ 

Facebook: https://www.facebook.com/Megatech-MGT-104919235450800 

Twitter: https://twitter.com/megatech_mgt 

YouTube: https://www.youtube.com/channel/UCdYHN1o7hmIts-pVVkCf7mQ 

LinkedIn: https://www.linkedin.com/in/megatech-mgt-651842231/ 

TikTok: https://www.tiktok.com/@megatechmgt 

Cardano founder Charles Hoskinson will speak at the Inevitable World Summit (IWS) on March 1 at 11:00 AM GMT.

The post Cardano founder set to reveal the future of finance at the Inevitable World Summit 2022 appeared first on CryptoSlate.

The West has moved to exclude Russia from SWIFT. With the ongoing uncertainty, what does this mean for crypto?

According to the report, the lawmaker leading the proposed framework says the situation needs to be clarified before MEPs can get into action. However, the [...]

The European Parliament will not hold a planned vote on crypto regulations after texts that can be interpreted as an attempt to ban coins with energy-intensive mining sparked negative reactions. The lawmaker leading the legislative effort says the matter needs clarification before MEPs can have a say, but the head of the ECB has insisted […]

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