Connect with us

Business

Decentralized data ownership app to launch open beta at Token2049

Published

on

A new decentralized data ownership application is set to make its debut in open beta at TOKEN2049, the premier blockchain and cryptocurrency conference.

The application, which aims to revolutionize how users control and manage their personal data, will be showcased at the highly anticipated event. TOKEN2049, scheduled to take place later this month, provides a significant platform for the app’s introduction to the broader crypto and tech community.

Designed to empower users with full ownership of their data, the app leverages blockchain technology to ensure privacy, security, and transparency. By decentralizing data storage and management, it promises to give users unprecedented control over how their information is used and shared.

The open beta launch at TOKEN2049 will offer attendees an exclusive first look at the app’s features and functionality. Participants will have the opportunity to interact with the platform, provide feedback, and explore its potential for disrupting traditional data management systems.

The app’s developers are eager to demonstrate how it addresses growing concerns about data privacy and ownership in the digital age. By utilizing blockchain’s inherent qualities—immutability and decentralization—the application aims to set a new standard for data security and user empowerment.

TOKEN2049, known for attracting industry leaders, innovators, and enthusiasts, will serve as a strategic venue for the app’s launch, facilitating high-profile exposure and engagement with key stakeholders.

Following the open beta, the team behind the app plans to refine its features based on user feedback and prepare for a full-scale launch. The upcoming months will be crucial as the project transitions from beta testing to a broader market release.

News

Binance launches in Syria after Trump lifts sanctions

Published

on

Binance has signaled interest in expanding its services to Syria following a recent move by former U.S. President Donald Trump to lift certain economic sanctions. The easing of restrictions has opened the door for global businesses, including cryptocurrency platforms, to re-evaluate their presence in the region.

A Binance spokesperson confirmed that the company is exploring opportunities in Syria and may extend support to local users. The development marks a potential shift in crypto accessibility for a country that has long faced economic isolation due to international sanctions.

Although no formal launch has been announced, the move suggests that Binance is preparing to tap into an underserved market. The company emphasized that it will continue to monitor regulatory guidelines while assessing how best to engage Syrian users within legal frameworks.

The renewed interest in Syria reflects broader efforts by crypto firms to expand globally amid shifting geopolitical and regulatory dynamics. If Binance proceeds, it could become one of the first major crypto platforms to reenter the Syrian market in years.

Continue Reading

Business

GameStop plunges 12% after proposing new $1.75B debt offering

Published

on

GameStop’s stock dropped 11% after the company revealed plans to offer $2.14 billion in convertible notes, sparking investor concerns about potential dilution. The market reacted sharply to the move, which could lead to an increased share count if noteholders opt to convert their holdings into equity.

The company stated that the proceeds will be used for general corporate purposes, which may include acquisitions and investments. Convertible notes provide flexibility for companies, but often trigger negative investor sentiment due to the future possibility of share dilution.

The timing of the announcement came just as GameStop was enjoying renewed attention from retail investors, particularly following the reappearance of “Roaring Kitty,” a central figure in the 2021 meme stock frenzy. That momentum was quickly undercut by fears surrounding the fundraising effort.

GameStop’s latest financial strategy highlights its continued attempts to adapt and remain relevant in a changing retail landscape. However, the negative market reaction reflects ongoing uncertainty over the company’s ability to convert hype into sustained performance.

Continue Reading

Business

Peaq and UAE bet on tokenized machines to power future economy

Published

on

The United Arab Emirates has introduced a new regulatory sandbox dedicated to advancing the machine economy, in collaboration with blockchain network peaq and Web3 data platform Pulsar. The initiative is backed by the country’s Artificial Intelligence, Digital Economy and Remote Work Applications Office and is aimed at supporting decentralized physical infrastructure networks (DePINs).

The sandbox offers a controlled environment where projects involving autonomous vehicles, delivery drones, and smart city applications can be tested and scaled. Developers will be able to deploy real-world use cases involving connected devices while benefiting from regulatory guidance and technical support.

Participants in the program will receive resources such as funding opportunities, mentorship, and access to strategic partners, enabling them to refine and expand their technologies. The initiative reflects the UAE’s continued efforts to lead in Web3 innovation, artificial intelligence, and future-driven economic models.

By fostering projects that combine AI, blockchain, and IoT, the UAE seeks to attract global startups to build the foundations of a decentralized machine economy. The sandbox is expected to drive real-world adoption of DePIN technologies across transport, infrastructure, and smart services sectors.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk