Veröffentlicht am

Telcoin, Inc.’s Digital Asset Depository Charter hearing set for Dec 5th, 2024

  • Telcoin aims to become the first regulated crypto bank and issuer of stablecoins.
  • Telcoin’s Digital Asset Depository Charter hearing is set for December 5, 2024.
  • Approval of Telcoin Bank’s charter is expected in early 2025 following the hearing.

Telcoin, Inc. is set to hold a pivotal hearing for its application to become the first regulated digital asset bank in the United States.

The hearing, scheduled for December 5, 2024, will be a critical step in the company’s effort to secure a Digital Asset Depository Charter under the Nebraska Financial Innovation Act (LB 1074, 2024). The public hearing will take place at 9:00 AM CST at the First Nebraska Administrative Building, located at 1526 K Street, Lincoln, Nebraska.

Telcoin’s application to become a FED-regulated bank

The Digital Asset Depository Charter application, filed with the Nebraska Department of Banking and Finance, has already made significant progress.

In September 2024, Telcoin received confirmation that its application to establish Telcoin Bank, a Digital Asset Bank, had been deemed complete. This marked a major milestone for the company, which has been working closely with key figures such as Congressman Mike Flood, who helped draft the Nebraska Financial Innovation Act back in 2021. Mike Flood, with Trump’s endorsement, won the US House seat representing Nebraska’s capital city and surrounding areas in the just concluded US elections.

The Nebraska Financial Innovation Act, part of the broader Nebraska Innovation Act, has been crucial in facilitating the state’s efforts to position itself as a leader in digital asset regulation.

If the Digital Asset Depository Charter application is approved, Telcoin Bank will become the first US-based digital asset bank and a global pioneer as the first regulated issuer of stablecoins, which the company refers to as “Digital Cash.”

Telcoin’s stablecoins will form the backbone for Telcoin’s remittance services and are designed to disrupt the $160 billion stablecoin market by offering a more usable and integrated form of cryptocurrency. The company is also positioning Digital Cash as a solution for mainstream global payments, making it easier to conduct direct merchant payments and enabling a seamless connection to decentralized finance (DeFi).

CEO Paul Neuner emphasized the importance of this development in Telcoin’s latest community update. He noted that the public hearing on December 5th is a major step toward Telcoin Bank’s official charter approval, which is expected in early 2025.

Telcoin aims to offer blockchain-based banking products

Telcoin’s goal is to offer blockchain-based banking products and services, including crypto staking, and to integrate digital assets into the global banking system.

Telcoin’s ambitions have attracted attention from mobile network operators (MNOs) and global fintech communities.

Recent events like Flyover Fintech, hosted by Congressman Mike Flood, highlighted Telcoin’s vision to become a cornerstone in the future of payments and mobile finance. Additionally, the company has successfully raised funds to support the development of Telcoin Bank, including a pre-series A fundraise that attracted significant investor interest.

The company’s global outreach and innovation in blockchain banking promise to reshape the financial services landscape in the coming years.

The post Telcoin, Inc.’s Digital Asset Depository Charter hearing set for Dec 5th, 2024 appeared first on CoinJournal.

Veröffentlicht am

iAgent SDK pushes Injective (INJ) up 17%; iDEGEN presale crosses $1.55m

  • Injective’s iAgent SDK launch has driven the INJ price up 17.9%.
  • The iAgent SDK enables AI agents for seamless blockchain automation.
  • iDEGEN, designed to evolve based on real-time interactions on X, has raised $1.55M in an ongoing presale.

In the fast-evolving world of blockchain and artificial intelligence (AI), two projects are stealing the spotlight: Injective (INJ) and iDEGEN.

Injective, a leading decentralized finance (DeFi) protocol, recently unveiled its cutting-edge iAgent SDK for on-chain AI agents, while the new AI-powered crypto project iDEGEN has surpassed $1.55 million in its presale.

iAgent SDK launch pushes Injective (INJ) price up 17%

Two weeks ago, Injective, a leading blockchain protocol tailored for decentralized finance (DeFi), introduced the iAgent software development kit (SDK) to enable the creation of on-chain AI agents, simplifying complex blockchain operations and pushing automation capabilities to new heights.

Unveiled at the Injective Summit 2024, iAgent seamlessly integrates with advanced language models like OpenAI’s ChatGPT, allowing users to interact with the blockchain through simple, natural language commands. Tasks such as decentralized exchange order placement, wallet balance checks, instant payments, and predictive market trend analysis can now be executed conversationally, making blockchain more accessible to both developers and non-technical users.

The flexibility of the iAgent SDK empowers developers to create specialized AI agents for specific purposes. For instance, one agent could monitor market trends in real time, while another could automate trading strategies. The SDK also ensures transparency and security, tracking transactions with detailed information like hash codes and block heights.

This innovation positions Injective as a leader in AI-driven blockchain applications. By enabling AI agents to interact with external APIs, databases, and decentralized applications, the iAgent SDK is broadening the scope of automated solutions in DeFi.

The launch of iAgent has been met with enthusiasm, contributing to a 17.9% price surge for Injective’s native token (INJ) over the past 14 days.

While INJ has seen a slight 2.4% dip in the last 24 hours, it remains a strong performer, boasting a 62% increase over the past month and a 64.4% rise over the past year.

iDEGEN: AI meets blockchain in a unique presale

While Injective is reshaping DeFi using AI agents, iDEGEN is capturing attention with its unconventional approach to integrating AI and blockchain.

Launched on November 26, 2024, the project has already raised over $1.55 million through a dynamic presale system that mirrors the volatility of the crypto market.

The iDEGEN presale uses a dynamic pricing model that adjusts every five minutes based on activity. If no purchases are made within a five-minute interval, the price decreases by 5%. Conversely, a single purchase within this window causes the price to remain constant for the next interval while consecutive purchases cause the price to rise by 5% for the next interval. This mechanism has created an interactive and unpredictable buying experience, mirroring the project’s ethos.

The iDEGEN token, $IDGN, is backed by an AI model described as a “sentient, degenerate memelord” that evolves based on real-time interactions on X (formerly Twitter). Every mention, comment, or tag contributes to the AI’s learning, making it increasingly dynamic and engaging. This unique feature has driven community interest and positioned iDEGEN as a standout project in the growing field of AI-powered cryptocurrencies.

As of now, over 383 million $IDGN tokens have been sold. With the presale set to end on January 1, 2025, early investors are gearing up for the token’s listing on major exchanges at a 10% higher price, signalling potential returns for participants.

If interested in this revolutionary AI-powered project, investors can visit the official website for more information.

The post iAgent SDK pushes Injective (INJ) up 17%; iDEGEN presale crosses $1.55m appeared first on CoinJournal.