Latest news with #Blockchain
Associated Press
18 hours ago
- Business
- Associated Press
CICADA Finance Successfully Completes Token Generation Event (TGE) on BNB Chain
New York, USA, June 27, 2025 (GLOBE NEWSWIRE) -- CICADA Finance has officially completed its Token Generation Event (TGE) on BNB Chain through a fair launch, marking a key milestone in the platform's mission to build sustainable, real yield infrastructure for the next generation of decentralized finance (DeFi). This event introduces CICADA's innovative approach to on-chain asset management and sets the stage for a new chapter in the evolution of DeFi. Building Infrastructure for the Next Growth Phase of DeFi CICADA Finance was established in response to structural limitations observed in the first era of crypto growth—dominated by speculative tokenomics, unsustainable incentives, and player-versus-player dynamics. As the industry shifts toward real-world value and utility, CICADA's platform is designed to serve as the foundational layer for Real Yield Assets (RYAs), Real World Assets (RWAs), and stablecoins. Through its Protocol Asset Management (PAM) system, CICADA provides the infrastructure necessary to curate, issue, and manage real yield assets directly on-chain. The platform supports transparent governance and composability, allowing rebase tokens to be used across lending, trading, and DeFi derivative applications. Core Innovations in the CICADA Ecosystem CICADA introduces several breakthrough mechanisms designed to empower users and promote sustainable growth: LT-RT Rebalance Mechanism: A dual-token system where users can choose between Liquid Tokens (LT) and Rebase Tokens (RT), offering flexibility between liquidity and yield with no lock-up periods. Fair Launch Model with Uncollateralized Leverage: Ensures broad access and equitable participation in early-stage token offerings while lowering entry barriers for retail users through uncollateralized participation. Real Yield Asset Focus: Yield is derived from actual economic activity such as trading fees, protocol strategies, and tokenized RWAs, moving DeFi away from inflationary models. On-Chain PAM Platform: A fully integrated framework for issuing and managing high-quality assets on-chain, enabling sustainable DeFi infrastructure across the stablecoin and RWA ecosystems. Next Steps and Ecosystem Expansion Following the TGE, CICADA Finance is preparing to roll out a series of Real Yield Assets (RYAs) through its PAM platform. These curated assets will form the foundation of a dynamic and composable yield strategy ecosystem, offering transparent access to sustainable returns. The platform also places strong emphasis on community-driven development. CICADA is building a decentralized governance structure to ensure users have an active role in decision-making. Through upcoming global AMAs, meetups, and educational campaigns, CICADA aims to foster a collaborative environment for developers, investors, and contributors. About CICADA Finance CICADA Finance is a decentralized platform on BNB Chain focused on building real yield infrastructure for the future of DeFi. Incubated by experienced professionals from both the crypto and traditional finance sectors, the project combines fair launch principles, uncollateralized leverage mechanisms, and its Protocol Asset Management (PAM) system to deliver transparent and sustainable investment opportunities. Media Contact Company Name: CICADA Finance Contact Person: Windy Yu Email: [email protected] Phone: +1 8562650920 Website: X (Twitter): @CicadaFinance Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly Windy Yu admin(at)
Associated Press
18 hours ago
- Business
- Associated Press
Rocket Launcher Releases 'Scope' Chrome Extension: The X-Ray for Meme Coin Traders
06/27/2025, London, UK // KISS PR Brand Story PressWire // Rocket Launcher, the pioneering platform for creating and launching meme coins on Solana, today unveiled its highly anticipated Scope Chrome Extension. This powerful new tool equips meme coin traders with a crucial weapon in the fight against scam tokens. Scope acts like X-ray glasses for crypto, revealing the hidden risks behind any token contract address (CA) — with just one click. With over 99% of meme coins being potential scams, identifying malicious developer behavior is critical. Scope tackles this exact problem by exposing the inner workings of tokens directly within your browser. No more jumping across blockchain explorers or manually analyzing suspicious activity — Scope automates everything. How It Works: Once installed, users can simply input a token's contract address into the extension. Scope then scans the token using Rocket Launcher's proprietary database and analytics engine, instantly delivering a four-point diagnostic: The result: a clear summary and a straightforward recommendation — is the token safe to buy or a red flag? The Problem Scope Solves: Price charts don't tell the whole story. Behind every green candle could be a developer pumping volume with bots or planning a rug pull. Scope provides the clarity and confidence traders need, helping users avoid junk tokens and protect their capital in a market flooded with scams. 'This tool is like giving traders X-ray glasses,' says the Rocket Launcher team. 'We expose the dirty tricks and protect users before they fall into a trap. Scope isn't just another extension — it's peace of mind in one click.' Bonus: Invite & Save Scope offers a built-in referral program: This makes Scope a protective tool and a way to earn within your trading network. Download Scope for Chrome here and follow the community on Telegram and X. About Rocket Launcher Rocket Launcher is the ultimate tool for effortlessly launching your meme coin. For just 0.001 SOL, you can generate an idea and an image, then launch it in just a few clicks on Raydium — no coding or complex setup required. Your token is sent directly to Raydium, bypassing bonding curves, with 0 SOL required for liquidity pools, thanks to our v3 liquidity pools. Plus, memes are generated based on top-performing meme coins, ensuring you're always on-trend. Available now on Solana, Rocket Launcher makes launching a meme coin as easy as saying pump. Media Contact Rocket Launcher PR [email protected]
Yahoo
a day ago
- Business
- Yahoo
Ripple vs SEC lawsuit hits shocking standstill, XRP dips immediately
Ripple vs SEC lawsuit hits shocking standstill, XRP dips immediately originally appeared on TheStreet. On June 26, Judge Analisa Torres once again denied the joint request filed by the blockchain tech and payments firm Ripple and the Securities and Exchange Commission (SEC) for an indicative ruling. Both the payments company and the federal securities regulator have been seeking an indicative ruling that would have vacated the court judgment passed earlier that issued a permanent injunction against Ripple and imposed a civil penalty of $125 million against it. Ripple's chief legal officer, Stuart Alderoty, responded to the latest ruling on X, "With this, the ball is back in our court... XRP's legal status as not a security remains unchanged. In the meantime, it's business as usual." As reported earlier, the Ripple vs SEC saga began back in December 2020 when the regulator sued the company for selling allegedly unregistered XRP securities worth $1.3 Torres ruled in July 2023 that the company selling XRP tokens to institutional investors violated securities laws, but their sale to retail investors didn't violate any laws. Each side then interpreted the ruling as a partial win. In August 2024, the court's final ruling imposed a civil penalty of more than $125 million against Ripple and directed it to desist from any further violations of securities laws. But then came May 8, 2024, and both parties filed a joint settlement letter, requesting the court for an indicative ruling to dissolve the August 2024 judgment. It essentially asked the court to vacate the injunction against Ripple restricting it from issuing unregistered XRP securities. It also requested the court to lower the penalty from $125 million to $50 million.'The parties do not have the authority to agree not to be bound by a court's final judgment,' the latest ruling said. What it means is that the lawsuit will proceed in the court as per standard procedures and will not be expedited as per the parties' will. As per Kraken, XRP immediately fell 1.5% from $2.15 to $2.12 following the latest ruling. Ripple vs SEC lawsuit hits shocking standstill, XRP dips immediately first appeared on TheStreet on Jun 26, 2025 This story was originally reported by TheStreet on Jun 26, 2025, where it first appeared.
India Gazette
2 days ago
- Business
- India Gazette
Union Minister Sarbananda Sonowal launches key tech initiatives to boost efficiency, productivity in major maritime digital push
New Delhi [India], June 26 (ANI): The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, launched multiple tech initiatives to boost efficiency and productivity in a major maritime digital push here on Thursday, an official statement said. The launch of SAGAR SETU platform as well as MoPSW's MoU with the Centre for Development of Advanced Computing (CDAC) to develop & establish Digital Centre of Excellence (DCoE) are set to make significant strides in digital transformation as well as sustainable infrastructure development. MoPSW and C-DAC signed an MoU to establish a Digital Centre of Excellence (DCoE) for the maritime sector. This landmark initiative, announced in New Delhi on 26th June 2025, aims to accelerate digital transformation in India's maritime industry. The DCoE will provide advanced IT solutions, foster innovation, and guide the modernisation of port operations and shipping logistics through emerging technologies like AI, IoT, and Blockchain. Supporting national maritime objectives, the Centre will also prioritise green and sustainable operations, aligning with Maritime India Vision 2030 and Amrit Kaal Vision 2047. The Ministry of Ports, Shipping, and Waterways proudly launched the SAGAR SETU platform, marking a new era in India's logistics and maritime ecosystem. The Go-Live of this digital initiative, inaugurated on 26th June 2025 by Union Minister Sarbananda Sonowal, aims to enhance operational efficiency, bring in productivity and ease of doing business (EODB). Aligned with the PM Gati Shakti National Master Plan, SAGAR SETU integrates multiple service providers to offer seamless EXIM-related services. The platform is designed to significantly reduce processing times for vessel and cargo documentation, promoting faster, paperless logistics. Notably, this platform connects over 80 ports and 40 key stakeholders, reflecting broad industry adoption. The 'DRISHTI' Framework was launched to Fast-Track Maritime Goals, providing a comprehensive monitoring framework to accelerate the implementation of Maritime India Vision 2030 and Amrit Kaal Vision 2047. Inspired by Prime Minister's motto of 'Reform, Perform, Transform, Inform', DRISHTI has been built on four strategic pillars: KPI Monitoring, Achievements Tracking, Organisational Monitoring, and Functional Cell Oversight. Speaking on the occasion, Sarbananda Sonowal said, 'Under the visionary leadership of Prime Minister Narendra Modiji, India's maritime sector is undergoing a transformative digital shift. With the launch of SAGAR SETU platform and the Digital Centre of Excellence initiative, we reaffirm our unwavering commitment to use modern technology to bring in efficiency, transparency and sustainability. Apart for modernising the port & logistics operations, it will accelerate our journey towards a greener, smarter and an Atmanirbhar maritime economy. Aligned with the goals of the Maritime India Vision 2030 and Amrit Kaal Vision 2047, these efforts represent a significant step towards realising the Prime Minister's vision of a Viksit Bharat. By embracing emerging technologies like AI, IoT, and blockchain, we are building a future-ready infrastructure that empowers our ports, streamlines trade, and strengthens India's position as a global maritime leader.' A standardized Scale of Rates (SOR) template for all Major Ports to enhance transparency and ease of doing business was released. This new SOR aims to address inconsistencies and interpretation issues by providing a uniform structure for port tariffs. Developed after extensive consultations and a comprehensive review of existing SORs and Tariff Guidelines, the template includes standardized definitions and transparent conditions for rate applications. While offering flexibility for ports to adapt to local conditions, the SOR template supports digital integration, facilitating better tariff comparisons and clearer service articulation. This initiative is set to improve trade efficiency and align the port services with evolving market dynamics. Speaking on the launch, the Union Minister of State for MoPSW, Shantanu Thakur said, 'Guided by the vision of Prime Minister Narendra Modi ji, we are standardising processes and digitising systems to make our ports more transparent, efficient, and business-friendly. The new Scale of Rates and tech-led platforms like SAGAR SETU will streamline trade, boost investor confidence, and align our maritime ecosystem with global best practices.' In a parallel but strategically aligned move toward sustainability, India's ambition to become a global leader in green hydrogen has been bolstered with the publication of 'Gateway to Green: Assessing Port Readiness for Green Hydrogen Transition in India.' This pivotal report prepared in collaboration with the Indian Ports Association (IPA), outlines a roadmap for transforming Indian ports into hubs for green hydrogen production, storage, and export. The report identifies strategic action areas such as land facilitation for green hydrogen production, stimulating demand, investing in shared infrastructure, fostering international collaboration, and adopting active investment roles. Indian ports such as VO Chidambaranar Port, Paradip Port, Deendayal Port, Jawaharlal Nehru Port, Mumbai, and Cochin are particularly well-positioned to cater to the clean energy demands of East Asia and the European Union. Towards the concluding remark, Sarbananda Sonowal said, 'India's ports are evolving into catalysts of the green hydrogen revolution, a vision of PM Narendra Modi to produce 5 million tons of Green Hydrogen by 2030. This roadmap reflects our commitment to sustainability and energy security, as envisioned by Prime Minister Narendra Modi ji. By unlocking our ports' potential, we aim to position India as a key global hub for green hydrogen production, storage, and export, build on the natural advantages of India's vibrant maritime ecosystem.' The launch of these initiatives is a testament to the Indian government's commitment to digital empowerment and clean energy leadership. As Minister Sarbananda Sonowal stated, the focus is on ensuring that ports evolve from traditional gateways of trade to catalysts of sustainable development. These ventures not only strengthen India's position in the global logistics landscape but also contribute meaningfully to national economic growth, envisioning a digitally empowered, self-reliant, and environmentally sustainable India. The event was also attended by TR Ramachandran, Secretary, MoPSW along with other senior officials of the ministry. (ANI)
India Gazette
2 days ago
- Business
- India Gazette
Vice Chief of Army Staff, Lt Gen NS Raja Subramani launches 'Vendor Registration Application'
New Delhi [India], June 26 (ANI): Vice Chief of the Army Staff, Lieutenant General NS Raja Subramani, on Thursday, launched a 'Vendor Registration Application' developed by the Indian Army in collaboration with Bhaskaracharya Institute for Space Applications and Geo-informatics (BISAG-N). In a post on X, the Additional Directorate General of Public Information, IHQ of MoD (Army) said, 'Lieutenant General NS Raja Subramani, #VCOAS today launched a 'Vendor Registration Application' developed by Indian Army in collaboration with #BISAG-N. It offers a secure & digitised solution for Army Purchase Organisation Vendors for their registration process.' 'By Leveraging Blockchain technology, the portal revolutionises the vendor registration process by replacing the traditional time consuming manual procedures involving multiple layers of physical verification, paperworks and follow ups with a fully online automated platform. The application offers a new era of transparency and simplifies ease of doing business with minimal human intervention,' it added. As per a note shared in the X post, the app has been built as an interface between vendors and the Army Purchase Organisation in alignment with the Indian Army's Year of Transformation. 'Welcome to a new era of transparency and efficiency across Army Purchase Organisation. Today, we are proud to introduce the Vendor Registration Application. Developed in collaboration between Directorate General of Supplies and Transport and BISAG-N. In alignment with the Year of Transformation, the application leverages the power of blockchain to revolutionise the interface between vendors and Army Purchase Organisation,' the note by ADGPI read. According to the note, it was emphasised that this innovative platform ensures that every interaction is secure, transparent, immutable and provenance-ready. 'With a user-friendly interface, vendors can easily apply online and track their application status in real time, alongwith the capability to submit redressals and rectify any observations concurrently while obtaining insight into upcoming tenders,' it said. 'No more lengthy paperwork or bureaucratic delays. Alongside simplifying the registration process, the site also emboldens the scrutiny process through API based verifications from Single Sources of Truth across various domains like FSSAI, GST, Global Standards 1, Trademark Auth and ULIP providing accurate and updated information,' the note read. This step was taken to foster a diverse vendor ecosystem and encourage small businesses into the supply chain. 'We aim to foster a diverse vendor ecosystem and incubate increased participation in ration contracts of the entire Indian Army. This platform opens the doors for small businesses and innovative startups in building a robust and more resilient digital supply chain across the Army Service Corps. The application is not just a tool but a commitment to transparency and accountability thus, upholding ASC Corps Credo, 'Seva Asmakam Dharma' and streamline system, processes and functions as per COAS pillars of transformation,' the ADGPI note said. (ANI)
