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San Francisco, California, January 7th, 2025, Chainwire On-chain interaction with selected Open ecosystem projects will now grant users $OPEN points. The list of the first batch of eligible projects that can earn users $OPEN points includes AISweat.Shop, Overlord.bot, Gameboi.ai, OpenDeSci Platform, with more incoming to be disclosed at https://webisopen.com/ The points from the previous @owlonmusk_ campaign will be automatically bridged/converted to $OPEN points. Check the previous campaign here: https://x.com/Owlonmusk_/status/1856245362870411344 The exact calculation of $OPEN points and utilities are yet to be disclosed. Details should soon be available at https://webisopen.com/ In addition, all Open ecosystem projects such as AiSweat.Shop (ASS), Open DeSci Platform, Overlord.bot, Follow and more are expected to generate long term incentives for Open stakeholders. What is Open? The core technology of Open is the Open Virtual Machine (OVM). OVM powers blockchains with limitless, scalable, decentralized, and verifiable compute power, giving rise to possibilities of compute-intensive applications such as AI training, scientific simulations (DeSci) and complex financial algorithm executions, all done on-chain, in an immutable, transparent and verifiable manner. OVM as the Wormhole for Complex Compute OVM serves as a bridge between blockchain’s on-chain immutability and the scalability of decentralized compute, enabling blockchain networks to run sophisticated applications like decentralized AI and scientific simulations (DeSci). By leveraging OVM, blockchains can now support advanced computations, unlocking new possibilities for high-performance, decentralized ecosystems. This architecture supports a broad range of use cases, from AI-driven decentralized apps to complex financial models, all while preserving the immutability, verifiability, scalability, high performance computability, and decentralization of on-chain operations. OVM – Verifiable AI Infrastructure On-Chain AI and Machine Learning: OVM enables resource-intensive AI and ML computations on-chain, supporting advanced applications and agents like autonomous trader AI agents, sentient sentiment agents, predictive models and personalized execution assistants while maintaining verifiability. For example, AiSweat.Shop: AiSweat.Shop (A.S.S.) is built with the AI infrastructure of Open (also known as webisOpen on X, collective includes RSS3). It allows Easy deployment of autonomous AI Agents with various decentralized financial abilities (DeFi) and the tokenization of DeAI-Fi Agents. Verifiable DeSci The Open Virtual Machine (OVM) offers a high-performance, decentralized, and verifiable compute layer, designed to democratize access to advanced computational resources. Its implementation begins with a demonstration and experimental applications on-chain analysis of genetic similarities between two viruses: SARS-CoV-2 (sequenced in Wuhan, 2019) and SARS-CoV (sequenced in Toronto, 2003) on the Open DeSci Platform, showcasing its capabilities in bridging decentralized computation with the immutability of blockchain technology. By bridging powerful decentralized computation with blockchain immutability, OVM is a Data Wormhole for innovations like verifiable and transparent AI and DeSci. This analysis is performed fully on-chain using Open’s Open Virtual Machine (OVM) within a Trusted Execution Environment (TEE) (together known as Open’s Compute Wormhole) utilizing and bridging decentralized compute from Hyperbolic Labs, to ensure integrity, immutability, determinism, and resistance to tampering. Additionally, OVM guarantees verifiability through on-chain transactions, promoting transparency and trust in the results. This demo and experiment of Open Desci Platform Alpha and its record on-chain (on Open Chain) has also been released to the public to showcase the power of OVM to the public. Users can check out this link for more information. Reproducibility Guaranteed: Every computation is verifiable and reproducible, a critical feature for peer-reviewed scientific research. Secure Data Processing: A built-in Trusted Execution Environment (TEE) safeguards sensitive data, ensuring integrity and tamper resistance throughout the computational process. Effortless Genomic Analysis: Researchers can now compare viral genomes, such as [SARS-CoV-2] and [SARS-Tor-2], in a decentralized and democratized manner, without permission and access to exclusive and expensive hardware. These capabilities can highlight the expanding potential of OVM in decentralized science (DeSci), paving the way for further innovations in transparent and democratized research. OVM – Compute Lego OVM extends blockchain’s functionality by enabling verifiable decentralized compute, allowing blockchains to securely harness limitless high performance computing power while preserving blockchain immutability and verifiability. Through its modular and scalable design, OVM enables different blockchains to be combined and integrated with decentralized compute like Lego blocks, whether for AI models or decentralized science (DeSci). OVM – Institutional DeFi Infrastructure Complex Financial Modeling: Ideal for DeFi applications, OVM allows for on-chain risk assessments, yield optimizations, and real-time derivatives pricing with verifiable and scalable compute, bringing institutional-grade modeling to on-chain decentralized finance. OVM – Gaming & Metavere Simulations OVM provides the sufficient decentralized and verifiable computational power for real-time simulations, NFT generation, and complex in-game economies on-chain, enhancing the trust and security of assets in decentralized gaming and virtual worlds. Open Ecosystem Apart from the experiments and initiatives mentioned, the Open Ecosystem has projects ranging from AI, information, socials, infrastructure, middleware, finance, data sources, creatives and media. Together Open accelerates the course of the open web. About Open (aka webisOpen on X) Open is a series of endeavors aimed at propelling the Open Web forward. Collectively, Open is the Data and Compute Wormhole for innovations like verifiable and transparent AI and DeSci. The Open ecosystem includes @RSS3_ @_RSSHub & @openinfo_ . webisOpen. Contact Marketing Lead KM KM Open Collective km@open.network
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Bitfinex Moves Derivatives to El Salvador After Winning Digital Asset License
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updateSubscriptionButton(); } } }); FAQs What is the Digital Assets Securities Law in El Salvador? This law, introduced in 2023, supports the tokenisation of assets like funds, equity, and real estate, encouraging crypto growth. What is Bitfinex’s tokenisation? Bitfinex launched tokenised public offerings, including US Treasury bills, demonstrating El Salvador’s potential as a crypto hub." class="img-fluid">
The post Bitfinex Moves Derivatives to El Salvador After Winning Digital Asset License appeared first on Coinpedia Fintech News El Salvador is one of the prominent crypto-friendly countries . It is the first in the world to make Bitcoin a legal tender . In 2023, it introduced a revolutionary law, called the Digital Assets Securities Law, boosting its efforts to become the global crypto hub. Recent developments indicate that many crypto companies are keen to benefit from the pro-crypto environment in the Central American country. Interestingly, Bitfinex has moved its derivatives arm from Seychelles to San Salvador as it has won a Digital Asset Service Providers license. Let’s dive into the details of this crucial move. Ready? Bitfinex Derivatives Moved to El Salvador In an official statement released to the media, Bitfinex Derivatives has acknowledged the rumours of its relocation from Seychelles to El Salvador. It has also confirmed the report that its DASP licence request has been approved by the Central American country. El Salvador’s Crypto-Friendly Framework Explained El Salvador has a true potential to emerge as a prominent cryptocurrency hub, not only because it holds at least 6,002 BTC, worth $574,644,924 , but also for the fact that it is very eager to develop crypto-friendly policies. The introduction of the Digital Assets Securities Law, in 2023, which supports tokenisation of assets like funds, debit, equity and even real estate, is a good example. Bitfinex Securities became one of the first crypto companies to recognise the vast potential of this law. It earned a local DASP license just a couple of months after the law’s introduction. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Coinbase Secures Legal Victory as Court Approves Interlocutory Appeal in SEC Case , Bitfinex’s Tokenised Offerings in El Salvdaor Demonstrating the tremendous potential of the tokenisation law of El Salvador, Bitfinex launched a tokenised public offering of US Treasury bills in November 2024. Earlier, a similar effort by the exchange to tokenise a Hilton hotel project in July 2024 failed miserably, as the $342,000 fund raised was far lower than the project’s minimum requirement of $500,000. In conclusion, El Salvador’s progressive crypto regulations are attracting global players like Bitfinex. 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jQuery.ajax({ url: `https://coinpedia.org/wp-admin/admin-ajax.php`, type: `POST`, data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader(`X-Requested-With`, `XMLHttpRequest`); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We`re sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector(`#subscribe-modal-design .modal`).style.display = `none`; unsubscribemodal.style.display = `block`; unsubscribemodal.classList.remove(`hide`); unsubscribemodal.classList.add(`show`); document.getElementById(`subscribe_` + categoryid).style.display = `block`; document.getElementById(`unsubscribe_` + categoryid).style.display = `none`; var showDownloadReport = document.getElementById(`download_report`); if (showDownloadReport) { showDownloadReport.style.display = `none`; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(`,`); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split(`_`)[0]); let subscribedCategoriesString = subscribedCategories.join(`, `); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById(`selectidname`)) { document.getElementById(`selectidname`).textContent = subscribedCategoriesString; } document.querySelector(`#subscribe-modal-design .modal`).style.display = `none`; subscribedmodal.style.display = `block`; subscribedmodal.classList.remove(`hide`); subscribedmodal.classList.add(`show`); document.getElementById(`subscribe_` + categoryid).style.display = `none`; document.getElementById(`unsubscribe_` + categoryid).style.display = `block`; var showDownloadReport = document.getElementById(`download_report`); if (showDownloadReport) { showDownloadReport.style.display = `block`; } } } catch (e) { console.error(`Error parsing response:`, e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector(`#` + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add(`hide`); modal.classList.remove(`show`); setTimeout(function() { modal.style.display = `none`; }, 500); } else { console.warn(`Modal not found:`, modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector(`.unsubscribed-popup-modal .modal`); if (unsubscribemodal) { unsubscribemodal.classList.add(`hide`); unsubscribemodal.classList.remove(`show`); } setTimeout(function() { unsubscribemodal.style.display = `none`; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector(`.subscribed-popup-modal .modal`); setTimeout(function() { subscribedmodal.style.display = `none`; }, 500); if (subscribedmodal) { subscribedmodal.classList.add(`hide`); subscribedmodal.classList.remove(`show`); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem(`subscribe_without_Login`, `true`); localStorage.setItem(`subscribe_clicked_id`, withoutlogin_id); } document.addEventListener(`DOMContentLoaded`, function() { var templateId = `6`; getAllSubscriberCategoryList([templateId]); jQuery.ajax({ url: `https://coinpedia.org/wp-admin/admin-ajax.php`, type: `GET`, data: { action: `subscribe_api_ajax_request`, apiurl: `/app/email_newsletter/list`, }, success: function(response) { var resultonload = JSON.parse(response.message); var storeallcategory = resultonload.message; if (Array.isArray(storeallcategory)) { // Collect all `news_cp_category_row_id` values and remove duplicates var allCategoryIds = storeallcategory.map(function(item) { return String(item.news_cp_category_row_id); // Convert IDs to strings }); var uniqueCategoryIds = Array.from(new Set(allCategoryIds)); // Get unique IDs // Convert templateId to a string for comparison var templateIdStr = String(templateId); // Check if the templateId is NOT found in the unique category IDs if (!uniqueCategoryIds.includes(templateIdStr)) { var idNotMatchTounsubscribe = document.getElementById(`unsubscribe_` + templateIdStr); var idNotMatchTosubscribe = document.getElementById(`subscribe_` + templateIdStr); // Check if elements exist before applying display changes if (idNotMatchTounsubscribe) { idNotMatchTounsubscribe.style.display = "none"; } if (idNotMatchTosubscribe) { idNotMatchTosubscribe.style.display = "none"; } } } else { console.log("storeallcategory is not an array."); } }, error: function(xhr, status, error) { console.error("AJAX request failed:", status, error); } }); const subscribewithoutData = localStorage.getItem(`subscribe_without_Login`); const subscribe_clicked_cat_id = localStorage.getItem(`subscribe_clicked_id`); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie(`user_token`); if (subscribewithoutData === `true` && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem(`subscribe_without_Login`); localStorage.removeItem(`subscribe_clicked_id`); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll(`.subscription-options input[type="checkbox"]`); initialListItems.forEach(function(item) { console.log(item.checked, `Initial Checkbox checked status`); }); var listItems = document.querySelectorAll(`.subscription-options li`); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector(`input[type="checkbox"]`); if (checkbox) { if (checkbox.checked) { item.classList.add(`active`); anyActive = true; // Set anyActive to true } else { item.classList.remove(`active`); // Remove `active` class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector(`.subscribe-submit .changeBtnText`); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = `Subscribe Now`; } else { subscribeButtonSpan.textContent = `Unsubscribe`; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll(`.subscription-options li`); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector(`input[type="checkbox"]`); if (checkbox) { if (checkbox.checked) { item.classList.add(`active`); anyActive = true; // Set anyActive to true } else { item.classList.remove(`active`); // Remove `active` class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the `active` class updateButtonText(anyActive); } document.addEventListener(`click`, function(event) { var clickedItem = event.target.closest(`.subscription-options li`); if (clickedItem) { var checkbox = clickedItem.querySelector(`input[type="checkbox"]`); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); FAQs What is the Digital Assets Securities Law in El Salvador? This law, introduced in 2023, supports the tokenisation of assets like funds, equity, and real estate, encouraging crypto growth. What is Bitfinex’s tokenisation? Bitfinex launched tokenised public offerings, including US Treasury bills, demonstrating El Salvador’s potential as a crypto hub. CryptoIntelligence
UNI Faces Critical $13.20 Support: Can It Spark a Potential Rebound?
Uniswap (UNI) has emerged as a focal point in the cryptocurrency market, showcasing rebound potential amidst critical support levels that demand attention. Traders remain vigilant as market dynamics shift, marked CryptoIntelligence
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