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Blockchain Association Expresses Optimism That Biden Will Be Friendlier to Crypto Than Trump

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Cryptocurrencies are drawing attention from the mainstream media as time passes by. Though the industry has been held back for a long time by neglect from the government, this may be about to change, as it seems the incoming government of Joe Biden is set to further increase the popularity of the asset class. The executive director of the Blockchain Association, Kristin Smith, recently expressed optimism that the government led by Joe Biden could be more friendly to the crypto industry than the Trump administration.

Speaking as a guest on Fortune’s Balancing the Ledger, Smith said that cryptocurrency might have an opportunity with the coming of the Biden administration.

“I think what we see with a Biden administration is an opportunity to get some fresh faces into the key regulatory agencies that might be more willing than some of the other regulators that we have today to move forward on policies that would be good for crypto,” Smith said.

There were some rumored plans to appoint crypto-friendly Gary Gensler, an ex–Goldman Sachs banker turned financial regulator, into Biden’s transition team regarding Wall Street’s oversight plans. Smith said it is a good sign, as regulators who have resisted blockchain and crypto in the past did so out of ignorance of the technology. He also added that with Gensler being a Blockchain and crypto instructor at the MIT Sloan School of Management, it could be easier for him to make way for the technology.

Smith mentioned that just having someone in a position of influence with knowledge of cryptocurrency who knows what Ethereum is could go a long way in helping to make a case for cryptocurrency and blockchain, and the crypto community couldn’t have asked for more.

Cryptocurrency will feel free with Biden as the president of the USA, according to the Wall Street Journal, with the Bitcoin symbol on the front page – something that has not happened in the last 4 years. The Wall Street Journal placed a Bitcoin story on its front page on 23 November, which focused on the influx of investors into the world of cryptocurrency.

Another event that further confirms a friendlier Biden administration to cryptocurrency is the appointment of Jenet Yellen as Treasury Secretary. Although Jenet Yellen is not a huge fan of Bitcoin, she believes the U.S. financial regulators should allow blockchain and cryptocurrency projects to develop. She expressed that blockchain is a substantial “new technology that could have implications for the way in which transactions are handled throughout the financial system.”

As the new secretary of the USA Treasury Department, it is more likely that she will influence regulators such as the Financial Crimes Enforcement Network (FinCEN), Office of Foreign Asset Control (OFAC), Internal Revenue Service (IRS), and Office of the Comptroller of the Currency which are all under the office of the Treasury secretary to change their approach towards the cryptocurrency industry.

This is particularly necessary because regulators under the Trump administration have not been very friendly towards the crypto industry. Up to now, there is no clear regulatory framework for the industry, a situation that has hampered the development of blockchain and cryptocurrency. As a result, big companies, such as the crypto exchange Bittrex and payment company Ripple, have left the country to more friendly destinations.

Many spheres are in demand for decentralized regulation: while most of them are yet to implement new technology, the gambling industry widely uses crypto and provides guaranteed benefits, such as anonymity and speed of transactions, to users. One of the brightest examples here is 1xBit, which started to accept cryptocurrency back in 2016 and has grown to become a trusted name among crypto casinos.

1xBit offers a lot of benefits, which include full anonymity for its users. The platform currently supports more than 25 cryptocurrencies for gamblers to use for betting. New users have a welcome bonus of up to 7 BTC for the first 4 deposits and a simple registration that doesn’t require KYC. Rewards can be easily withdrawn to a private wallet with no fees.

With 1xBit, you can use your favorite cryptocurrencies to bet and win huge rewards even ahead of a proper regulatory framework for the cryptocurrency and blockchain industry in the United States.

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Firework Games Studio Builds its first Battle Royale Game – SPARK ERA, with Security and Stability on AWS

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Firework Games has been working with the leading cloud infrastructure provider Amazon Web Services (AWS) on the upcoming release of the first-ever 3D space battle-royale game embedded with a reinforcement learning element (Companion NPC AI). Since the last article  about the SPARK ERA – AI-Enhanced NPCs, Firework Games has been working on integrating and introducing this feature for the first time in a galactic-based battle-royale MMO game.

Firework Games has worked very closely with AWS to bring this innovative feature to players. The integration of AWS services such as Amazon EC2, Amazon S3, Amazon RDS, Auto Scaling has allowed the studio to build a scalable and reliable game server architecture that can handle the high concurrency and intense load expected during the launch of SPARK ERA. In the upcoming days, Firework Games plans to use AWS’s AI / ML services to provide an enriched player experience by automatically extracting in-game information like character names, weapons, and gear from images and text within game videos.

Using the AWS Enterprise On-Ramp support plan, the studio was able to quickly reap the benefits of a well-planned approach through infrastructure event management (IEM), AWS best practice guidance and communicating with global AWS experts to ensure SPARK ERA’s security and stability. In particular, AWS GPU cloud services are now helping the studio to accelerate their AI models. 

“Integrating AWS’s services into our game architecture has allowed us to focus on what we do best—building an amazing 3D space battle royale game with companion NPC AI,” said Moses Ip, CEO of Firework Games. “We are excited to be able to leverage the power of AWS to bring even more innovation to our players.”

About Firework Games

Firework Games is a game development company committed to using cutting-edge technology in its games. The infrastructure is built with gaming in mind, allowing for unique gameplay experiences. Immersion and mobile apps are emphasized at the Studio, allowing players easy access to our games while integrating innovation throughout our ecosystem into the gaming business.

R&D is also the firm’s major focus. The goal is to create an immersive metaverse predicted by AI based on each user’s prior behavior. While users can be in the same dimension, their perception is unique — tailored to each user’s desires. In brief, our developers are former Tencent and NetEase, and we have AI scientists in California. The first game that we developed is Spark ERA – Echo to Universe. The beta version is currently open on PC/VR, and the official launch of the Android/iOS in August 2022.

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Moses Ip – CEO of Firework GamesThe Official Links: Twitter | Telegram | Discord | Website | Metaverse

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Revolutionary Team Presents the Pride Pixies NFTs Promoting Social Inclusiveness

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Many individuals are unfamiliar with the idea of using NFT for political change, democratic purposes, and social benefit. When it comes to NFT technology, revolution, re-organization, and re-defining are all part of artists’ daily routines. 

As one of the most innovative blockchain proponents of the year, Taylor Diamond-Vizcaino has created Pride Pixies NFT and moovmint.io, a groundbreaking NFT/DeFi platform.

As will be detailed more below, the project’s popularity has increased as a result of the team’s public revelation of their strategy.

Using NFTs to Change the World for Future Generations

True Dream Vision took a bold step following Florida’s “Don’t Say Gay” legislation. The new legislation in Florida prohibits public school students from learning about sexual orientation and gender identity. Students from all around the country came together to urge public education to become more inclusive and cohesive for everyone.

Pride Pixies NFT’s goal is to create a world where everyone may fully express themselves without fear of repercussions. When regarded from this angle, the exchange of NFTs may be considered a mechanism for speeding up the transformation process of our society toward a more inclusive framework.

The idea of scarcity is often included in the collections of many NFT ventures. Theoretically, different NFTs will have different values because of their variable rarity.

An Essential Jewel in Your Personal NFT Library

As soon as the project launch ends, traders will have access to Pride Pixie NFTs on several secondary market platforms, including Opensea and MoovMint.

There are 10,557 hand-made items in the NFT collection. A positive view of life and a willingness to speak the truth are two of the most prominent features of these artworks.

The project’s collection aims to broaden participation in the rapidly increasing blockchain industry. The team also believes that human rights should be promoted, which is the driving force for the NFT/DeFi marketplace moovmint.io.

The Pride Pixies NFTs come in a variety of skin tones and backgrounds. Symbols and imaginative references decorate these unique NFTs, making them even more interesting for experienced art collectors.

In addition, aspects of societal revolt are used in the collection to depict people who are both physically and spiritually liberated. The team decided to employ NFT technology as a means of combating any misogynistic ideas about women. The project is a celebration of the importance of women across all aspects of the world.

Founded by a Latinx LGBTQ activist and entrepreneur, True Dream Vision has made it clear how much work and resources the team is putting into this initiative for the sake of society.

The Promising Outlook of Pride Pixies

The team has recently revealed a number of project milestones. Pride Pixie pre-sales and minting will commence on June 1, 2022. Those who intend to participate in the round can apply for whitelisting on the project’s online webpage.

The sale of these Pride Pixies heralds the beginning of a brand new Ecosystem. The $MVMNT tokens are being produced for the sake of joining a play-to-earn (P2E) game in the virtual world (or, if we decide to use a more popular term, the “metaverse”).

According to the project’s developers, anybody who has owned a Pride Pixie NFT for six months or more will get an airdrop of 3000 $MVMNT tokens, which can be sold for cash on the most popular decentralized exchanges (DEX). 

Of the team’s income, 5% will be donated to the Human Rights Campaign Foundation (HRC.org) and the Ofrezco Foundation (Ofrezco.org). Early childhood education in low-income nations is being revolutionized by Ofrezco.org, which also promotes women’s engagement in the technology industry. A portion of the $MVMNT Token sales earnings will be donated to WIT (Women in Technology).

The Pride Pixies products and merchandise may currently be purchased by anybody who wants to help the initiative.

A Team of Qualified Professionals

Team members feel society’s day-to-day activities are often affected by the gradual and persistent change. Pride Pixies NFT aims to promote equal opportunity and social fairness regardless of one’s gender, ethnicity, or any other characteristic.

Getting into the field of information technology might be difficult for many people for reasons that aren’t readily apparent. Education and market frictions, just to name a few of them, are often obstacles that are hard to overcome.

In addition to its creator, the project has three additional members on its staff. Genevieve Rupelli is referred to as the “boss woman” on the project’s website, while Taylor Diamond Vizcaino refers to herself as a “creative & visionary.”

Donald Vizcaino and Muhammad Sabir Junaid join the team as “boss men,” adding their development expertise to the project.

This project has a good chance of being successful since the members of the team are dedicated, talented, and have prior project experience. The goal of the Pride Pixies NFT is to gradually shift people’s perspectives and influence lawmakers’ decisions in favor of social inclusion.

To sensitize the market, the team has hosted various events in the past. The purpose of these video lectures and webcasts is to educate the public about the NFT and DeFi worlds.

Pride Pixies aims to create a real impact in the lives of LGBTQIA people by using activism, inclusivity, acknowledgment, and advocacy. 

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The project’s technological needs are met by Polygon, Ethereum’s most renowned layer 2 (L2) solution. 

A website and social media accounts for Pride Pixies NFT are already available and will allow supporters to track the group’s progress.

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TrueUSD Names Five Banks Holding the Stablecoin’s USD Reserve

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1. TUSD is currently in collaboration with five banks.
2. Partner banks provide a safeguard for TUSD’s asset security.
3. TUSD is now audited by auditing firm Armanino.

Stablecoin TrueUSD (TUSD) named five of its current bank collaborators that ensure asset security for its USD reserves.

According to TUSD, it currently works with Signature Bank, Silvergate Bank, Prime Trust, First Digital Trust, and BitGo for the safekeeping of USD assets that back the value of the stablecoin.

For one, Signature Bank is the first bank insured by the Federal Deposit Insurance Corporation (FDIC) to launch a blockchain-based digital payments platform—Signet.

TUSD partnered with Signature Bank, a New York-based commercial firm, and was then integrated into Signet, Signature’s payment network, opening 24/7 minting services within two minutes. TUSD admitted that this development “greatly” improved its financial services for its users. Interestingly, TUSD transactions within Signet are free.

Another TUSD partner bank from 2021 is Silvergate. This financial firm became one of the first banks to set up accounts for crypto transactions and has since become known as one of the few crypto-friendly banks.

TUSD leverages the Silvergate Exchange Network (SEN), providing users with another “efficient” token minting service.

Together with SEN, TUSD reinforces its near-instant minting and redemption services with Prime Trust’s PrimeX. PrimeX enables TUSD holders to mint and redeem tokens round the clock, offering instant settlements.

Users of the stablecoin can also mint and redeem their tokens with TUSD partner First Digital Trust. Although the bank implements minimum and maximum transactions, TUSD saw this as an opportunity to provide its users with options, especially if they plan on minting or redeeming small amounts of TUSD.

TUSD is also one of the early stablecoins that crypto custodian BitGo included in its offerings. BitGo’s secure multi-signature wallets allow TUSD users to purchase the stablecoin within the wallet. 

With BitGo, users can purchase and exchange TUSD with no fee. However, a minimum amount of $1,000 worth of TUSD is required to mint and redeem.

TUSD revealed that it is exploring more ways to better its services for its users. To do so, it plans to forge relationships with more bank partners.Earlier, TUSD was reported to now be audited by Armanino, a top European auditing firm. Armanino will attest to the stability of TUSD’s smart contracts on-chain. TUSD, in turn, becomes the only stablecoin that has implemented such security standards.

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