• SIMBA Chain and Alitheon have partnered to provide end-to-end authentication and verification services.
• FeaturePrint® from Alitheon is a machine-vision-based solution for authentication and traceability of physical goods.
• SIMBA provides the infrastructure to enable the omnipresent tracking of real-world items through blockchain technology.

SIMBA Chain & Alitheon Partnership

SIMBA Chain, builder of Blocks, an enterprise-grade platform that simplifies blockchain development, has announced a go-to-market partnership with Alitheon, provider of FeaturePrint®, a machine vision based solution for authenticating and tracing physical goods.

Authentication & Verification Services

The agreement enables both companies’ customers to certify authenticity and take ownership of digitized physical products using the FeaturePrint® system facilitated by SIMBA’s blockchain based infrastructure. This will allow users to authenticate and track physical items throughout their commercial lifecycle in order to prevent replication, fraud or counterfeiting.

FeaturePrint® Technology

FeaturePrint® uses advanced optical AI technology to identify objects via smartphone which are then digitized. The system ties each physical item issued by a manufacturer to a unique NFT (non fungible token) which acts as the item’s digital twin. This allows for real time tracking from warehouse to customer or second hand buyer without risk of counterfeiting or fraud.

Blockchain Infrastructure

SIMBA’s Blocks platform abstracts complexities of blockchain development making the innovative technology accessible across multiple blockchains and services while providing secure data transfer through encryption methods including zero knowledge proofs (ZKP). This provides businesses with secure solutions for creating digital assets that can be tracked in real time throughout their journey from creation to delivery.

Benefits To Customers

With this collaboration customers benefit from efficient processes that improve trust between buyers/sellers and manufacturers; allowing them peace of mind knowing their products are genuine as well as reducing costs associated with manual authentication processes such as labor costs, shipping fees or storage expenses.

• DeSo recently launched their product, MegaSwap, a Stripe for Crypto with over $5M in volume.
• The platform solves various critical pain points, such as onboarding new users and liquidity to any web3 application across any blockchain ecosystem.
• It offers an alternative and safer solution to the traditional centralized exchange model as users don’t have to log in or provide sensitive personal information.

DeSo Announces Launch of MegaSwap

DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login.

What Does MegaSwap Do?

MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across any blockchain ecosystem. In its limited release, the platform has already seen more than $5 million in volume, demonstrating its potential to revolutionize the crypto market with cross-chain swaps.

Benefits of Using MegaSwap

MegaSwap offers an alternative and safer solution to the traditional centralized exchange model where users don’t ever have to log in or provide sensitive personal information. Instead of storing their coins on a centralized exchange, users can store them in their own self-custody wallets to mitigate the risk of unforeseen meltdowns, such as those seen with FTX, BlockFi, Celsius or Voyager.

Developers’ Benefits from Using MegaSwap

MegaSwap is also a simple innovative solution for developers seeking to build web3 applications on different blockchains. Developers can install its frictionless zero-login API with a single line of code making their apps chain-agnostic and accessible from any blockchain. For the first time apps on Ethereum can easily compose with apps on Solana or DeSo.

Conclusion

MegaSwap thus makes it easy for developers and end-users alike to access services across different blockchains while maintaining full control over funds stored in self-custody wallets without sacrificing security or usability – all at no additional cost!

• US Bitcoin Corp – a North American Bitcoin mining firm – has been ordered to shut down its operations by a State Supreme Court Justice, or face a fine of $10,000 per day.
• If the miner continues to operate through the end of January, the fine will increase to $25,000 per day.
• US Bitcoin is facing a potential fine of $540,000 if it does not comply with the court order.

US Bitcoin Corp, a North American Bitcoin mining firm, is facing potential fines of up to $540,000 if it does not comply with the court order to shut down its operations by the end of January. This order comes from State Supreme Court Justice Edward Pace, as a follow-up to Supreme Court Justice Frank Sedita III’s temporary restraining order issued against the firm on December 1.

The Falls have sought a preliminary injunction to prevent US Bitcoin from continuing to operate without a license. US Bitcoin has been mining Bitcoin without a license since May 2019. The Niagara County Supreme Court has granted the Falls a permanent injunction that requires US Bitcoin to cease operations and pay a penalty of $10,000 per day if it does not comply with the order.

The court order states that should US Bitcoin continue to operate through the end of January, the penalty would increase to $25,000 per day. US Bitcoin has also been ordered to pay all legal costs associated with the case.

US Bitcoin has argued that it should not be required to obtain a license as its operations are exempt from the local law. The court ruled that US Bitcoin was not exempt and that its operations would pose a threat to public health, safety and welfare if it continued to operate without a license.

US Bitcoin’s operations could have a significant impact on the Falls’ environment, as it would consume a large amount of energy for its operations. US Bitcoin has also failed to provide the Falls with an adequate plan to monitor and reduce the environmental impacts of its operations.

The Falls have also argued that US Bitcoin’s operations could disrupt the power grid in the area, as it draws a large amount of energy from the local utility company. US Bitcoin has failed to provide the Falls with evidence that it can adequately manage the power grid in the area.

The court’s decision has significant implications for US Bitcoin and the future of Bitcoin mining in the region. US Bitcoin has been ordered to cease operations or face hefty fines and legal costs. It remains to be seen whether US Bitcoin will comply with the court order or continue to challenge the decision.

Bullet Points:
• The race for Bitcoin is a matter of national security.
• Bitcoin’s price barely budged after the release of the latest jobs report.
• Bitcoin is poised to become the world’s “primary monetary good”.

The Race for Bitcoin is a Matter of National Security

As the first week of 2023 draws to a close, financial markets for everything, including crypto, remain on pause. With global economic uncertainty dominating the headlines, people are holding their cash close. But why is it increasingly important for governments to hold their Bitcoin close?

The latest jobs report revealed that Bitcoin’s price barely budged, holding above $16,900 as the job data suggested more rate hikes. This is a clear sign that Bitcoin is becoming a major player in the world’s financial markets and its importance is only increasing. Many believe that it is poised to become the world’s “primary monetary good.”

The implications of this are huge. Bitcoin is a decentralized asset that is not controlled by any government or central bank. This means that its value is determined by the market and is not influenced by any political or economic decisions. This independence means that Bitcoin has the potential to become an international currency that is not subject to the whims of governments and central banks.

This has significant implications for national security. If Bitcoin becomes the world’s primary monetary good, then governments will no longer be able to manipulate the value of their currencies to their own advantage. This means that governments will no longer be able to use economic policy to gain an advantage over other countries.

This shift in the global financial system could have major implications for geopolitical stability. Countries that are not able to compete in the digital currency market could find themselves increasingly isolated from the global economy. This could lead to increased tensions between countries and could even lead to conflict.

It is clear that the race for Bitcoin is a matter of national security. Governments must act quickly to ensure that they are not left behind in the race for the world’s primary monetary good. They must put in place the necessary regulations and infrastructure to ensure that they are able to compete in the digital currency market. Only then will they be able to protect their citizens and ensure their economic security.

• Bitcoin’s price has been confined to a very tight price range between the 50-day moving average and the ascending trendline.
• The rally from mid-November has been halted at the $18K resistance level, which aligns with Bitcoin’s prior major pivot.
• A break out of this price range could be necessary to determine the mid-term path of Bitcoin’s price.

The Bitcoin price has been in a tight range in recent weeks, with the 50-day moving average and the ascending trendline both serving as key levels of support and resistance. This range has been in place for some time now, and it has proven itself to be a significant level for traders and investors to pay attention to.

The recovery from the mid-November crash towards $15K has been halted at the $18K resistance level, which is also the level of Bitcoin’s prior major pivot. This is an important level to watch out for, as a break out of this range could be necessary to determine the mid-term path of Bitcoin’s price.

Technical analysis suggests that there are signs of a possible bullish trend, with Bitcoin’s price bouncing off of the 50-day moving average in recent days. This could be a sign that the bulls are getting ready to take over, although the overall market sentiment remains uncertain.

Meanwhile, the Relative Strength Index (RSI) has dropped below 50, which could be a sign that the bears are beginning to take control. This could be a sign that Bitcoin’s price could be heading lower in the near-term.

Overall, it appears that Bitcoin’s price is stuck in a tight range for now, and a break out of this range could be necessary to determine the mid-term direction of the cryptocurrency’s price. Until then, traders and investors should remain cautious and watch the price action closely.