MANTRA has launched a new incubation programme at the Dubai World Trade Center (DWTC), following an $11million funding round led by Shorooq Partners. The new programme becomes part of MANTRAās effort to contribute to the Real World Asset (RWA) tokenisation sector, with a focus on the MENA region. Established in partnership with the leading corporate service provider in the UAE, Virtuzone, the MANTRA Incubator programme looks to help develop emerging projects within the MANTRA ecosystem and in the RWA sphere. MANTRA will provide startups with financial support for development, infrastructure costs, licensing, banking, and administrative services. MANTRA will select five projects to join the incubator programme, receiving comprehensive support to ensure their successful integration into the MANTRA Chain ecosystem. John Patrick Mullin, founder and CEO of MANTRA Each chosen project will benefit from a seed investment of $100,000. The funds will be allocated from the personal funds of MANTRAās founder and CEO, John Patrick Mullin, showcasing his deep involvement and eagerness to make the programme a success. Mullin emphasised the programmeās aim to go beyond workspace provision: āWeāre building a holistic platform for innovation in the Web3 space, enabling promising companies to leverage resources, networks, and a nurturing environment in one of the most vibrant crypto scenes globally.ā Alongside the grants, the programme includes the dedicated assistance of an experienced project manager to oversee progress and provide expert guidance, as well as the opportunity to establish valuable connections, and gain access to a network of investors, setting a solid foundation for their future growth and success within the MANTRA ecosystem. Making Dubai a centre for crypto innovation Neil Petch, chairman and co-founder of Virtuzone, also discussed the launch: āWe have seen the unprecedented growth potential of Web3 companies in recent years, especially in specialised areas such as AI, big data and machine learning. Neil Petch, chairman and co-founder of Virtuzone āAs a forward-looking company, we aim to be early movers in this space and build the necessary infrastructure for Web3 start-ups to launch and scale. The UAE envisions having 10 unicorns by 2030, and we aspire to work in unity with the government in realising that vision.ā The incubation journey will commence at the MANTRA offices in Hong Kong, where the teams will spend an enriching month immersing themselves in the vibrant tech scene. The journey will continue in San Francisco, offering another month of exposure to innovative practices and industry leaders. Eventually, the teams will be headquartered in the prestigious Dubai World Trade Center, providing a global platform for the projects to showcase their potential. Located in the Sheikh Rashid Tower at DWTC, the incubation space is located in the buildingās Maktabi business centre covering over 17,000 square feet, reflecting Dubaiās role as a centre for crypto innovation and matching MANTRAās goals for a vibrant startup ecosystem. George Hojeige, group CEO of Virtuzon, also added: āOur milestone collaboration with MANTRA and this pioneering incubator project echo our commitment to creating a conducive environment for Web3 start-ups to grow, thrive and scale exponentially. Our vision is to increasingly pivot towards a tech and innovation-driven growth strategy and establish ourselves as a pillar of support for Web3 and fintech development, not only in the country but across the region.ā The post MANTRA Unveils Real World Asset Tokenisation Incubation Programme in the UAE appeared first on The Fintech Times.
The post XRP Holderās Attorney Represents Thousands of Coinbase Customers in SEC Battle appeared first on Coinpedia Fintech News Rippleās XRP Holderās Attorney to Represent Over 4,700 Coinbase Customers in SEC vs. Coinbase Case A few hours later after Eleanor Terretās interview with theĀ Securities and Exchange Commission (SEC) and Coinbase, the Fox Business journalist XRP holdersā attorney John E Deaton sought permission to represent a sizable group of Coinbase customers.Ā XRP holdersā attorney in Coinbase Fight Attorney John E Deaton has filed for permission to file an amicus curiae on behalf of 4,701 Coinbase customers in the SEC vs. Coinbase case.Ā After the SEC scored a huge win on the case, Coinbase made a bold move by filing for an interlocutory appeal, challenging a key legal point in its dispute with the SEC. This appeal aims to address the regulatory uncertainty surrounding digital assets which could have far-reaching implications for the crypto industry. At the core of Coinbaseās appeal is the application of the Howey test to digital asset transactions, which the exchange argues has led to ambiguity in determining what constitutes a security. By raising this point, Coinbase aims to address fundamental questions surrounding the regulatory status of cryptocurrencies. Implications Of Ripple vs SEC The outcome of the legal battle between Coinbase and the SEC could have implications for the SEC vs Ripple case.Ā If Coinbase successfully challenges certain aspects of the SECās regulatory stance on digital assets, it may set a precedent or provide legal arguments that Ripple could leverage in its defence.Ā Conversely, if the SEC prevails against Coinbase, it could bolster the regulatorās position and influence its approach to similar cases, including Rippleās. Additionally, developments in one case may inform regulatory policies and interpretations that could impact the broader crypto industry, including Ripple. The outcome of Coinbase vs. SEC could indirectly affect Rippleās legal proceedings and the overall regulatory environment for cryptocurrencies. John E Deatonās representation of over 4,700 Coinbase customers not only sets a strong bond between the two companies but also the outcome of this case will undoubtedly have a profound impact on the regulatory landscape of the cryptocurrency industry in the US.
The post Solana Fans Swarm to Rising Cryptos Raboo & MEW as Prices Skyrocket appeared first on Coinpedia Fintech News The crypto industry is currently facing a memecoin boom as many meme projects have recorded massive peaks. With rising crypto projects launching rapidly, investors are considering the best option.Ā The Solana price has lately been influenced by the high influx of memecoin investors within the ecosystem. As Raboo aims to displace other memecoins, its presale has drawn in heavy investments in its early stages. Solana: Massive Support For Memecoins Soar As Trading Volume Breaks $1 Billion Solana has seen a rise in trading volume within its decentralized exchanges. This has largely been attributed to the surge of memecoins within its ecosystem. As memecoins gain popularity, the Solana price has taken a bullish trajectory.Ā With projects like MEW and WIF hitting the markets, traders are provided with profit-making opportunities. This increases the utility of Solana and drives adoption towards the network.Ā Moreover, Solana remains dedicated to providing efficient decentralized services at minimal costs in the most eco-friendly way possible. Itās no surprise to see why it is one of the fastest-growing blockchains within the crypto industry. MEW: A New Dawn For Memecoins As Cats Reign Supreme The launch of MEW, also known as Cat in a Dogās World, on Solana saw a rise in the ecosystemās trading activity. As a cat-based memecoin, MEW intends to challenge pre-existing traditions in the memecoin industry.Ā While MEW has a primary objective of challenging the dominance of dog-themed memecoins on Solana, the project also spurs new dApps and services for mobile users. The token recently integrated with MoonPay, giving users leeway into the Ethereum network.Ā However, in the past week, MEW experienced a 5.82% appreciation, followed by a sharp decline of up to 20%. This trend and price path indicate high volatility in MEW. Analysts advise caution as MEW investors struggle to secure their profits. Raboo: AI-Driven Memecoin Gains Massive Popularity As Memecoin Investors Tap In Raboo has made giant strides in its roadmap as its presale continues. The AI-based memecoin is a rising crypto to watch out for as it approaches $1 million raised. Its current presale phase lists $RABT tokens at $0.0036 with 1,400 token holders so far. This pairs well with the over 4,000 registered members on the platform.Ā Additionally, Raboo provides a unique platform to incentivize community activities. This approach to community participation has made Raboo popular within the memecoin industry. The project satiates reliability concerns following its successful audit with SOLIDProof, a German security organization. As the Raboo (RABT) presale unfolds, analysts are certain of the projectās longevity as a blue-chip asset. In terms of utility, Raboo users can interact with the platform using $RABT tokens, which are now available on the projectās website.Ā ConclusionĀ With the many memecoins out today, confusion may arise on the best ones to invest in. As a highly speculative and volatile market, the memecoin industry retains its highly profitable nature while showing investors the dangers of reckless trading. Raboo provides a unique opportunity for investors to make substantial profits.Ā Solana and MEW have shown promise, but Raboo remains the best choice. As memecoins become more popular, Rabooās unique features make it the best choice for the next wave of crypto millionaires. You can participate in the Raboo presale here.
Troubleshooting payroll errors, chasing clients for payroll data and dealing with complex legislation have all proved to be significant challenges for SMEs in Australia. However, AI and automation could provide the āsilver bulletā to ease these pains according to the employment platform, Employment Hero. For 73 per cent of SMEs in Australia, it takes longer than 24 hours to complete a pay run, Employment Hero revealed following a survey of 535 SMEs in the region. It also found that for 95 per cent of respondents, payroll takes up to three days and for some it can take five days or longer. In response to ongoing payroll pain, many SMEs are looking towards AI as a potential solution. Eighty-nine per cent would find it somewhat or significantly appealing to cut down payroll processing to minutes through the use of AI or automation. Phil Bernie, GM of payroll at Employment Hero Phil Bernie, GM of payroll at Employment Hero, discussed the issue: āItās madness that in 2024 it takes days to complete pay runs for Australian businesses. With the software and automation available, running payroll should be a matter of hours. Using technology to free up this time allows accountants and bookkeepers to put their skills and experience to better use ā something that our data showcases theyāre keen to do.ā Overall, 81 per cent of respondents expect that the use of AI and automation will somewhat or significantly increase across their organisations over the next 12 months. As AI and automation advance, 51 per cent of respondents see it as an opportunity to improve their data analysis skills and 45 per cent to enhance their payroll expertise ā 41 per cent believe it could increase opportunities for professional development. Automating employment management Bernie added: āAt Employment Hero, we envision a future where running payroll is largely automated leaving humans to apply their knowledge and skills to areas where they can provide most value. This includes offering support, advice and consultancy to their clients and customers. āItās heartening to see support for AI and automation among Australiaās business owners, bookkeepers and accountants. We know that a lot of fear and reticence are often felt in the face of increased automation. However, as we continue to see the benefits of AI and automation in our daily lives, I think weāre beginning to appreciate how it can also truly revolutionise how we manage employment.ā Employment Hero boasts a suite of cloud products that remain up-to-date with new payroll legislation, and integrate payroll with other functions seamlessly. It hopes these will reduce the double-handling of data, minimise the need to check different applications to ensure theyāre ātalking to one anotherā, and ensure businesses are complying with the latest rules and regulations. The post 89% of Australian SMEs Back AI to Reduce Payroll Pain, Finds Employment Hero appeared first on The Fintech Times.
Though finding value in meme coins isn't always easy.
Bitcoin had slumped to as low as $59,685 on Friday morning, then rebounded heading into the event.
The launch of Casey Rodarmor's new Runes protocol sent fees surging as users rushed to etch new digital tokens that can be launched atop the Bitcoin blockchain.
The launch of Casey Rodarmor's new Runes protocol sent fees surging as users rushed to etch new digital tokens that can be launched atop the Bitcoin blockchain.