Kaspa Ambassador Program Relaunches with New Leadership and Expanded Vision

The Kaspa Ambassador Program (KAP), first conceived in early 2022, has officially relaunched with a fresh vision and new leadership. Initially designed to harness the passion and energy of the Kaspa community, KAP empowers individuals to become key leaders in their regions, promoting Kaspa through resources like graphics, promo materials, and presentations in local languages.

Unlike many other projects that rely heavily on paid influencers and ads, KAP invests in its community, turning dedicated members into Kaspa’s ambassadors. Since its launch in March 2023, KAP has grown to over 30 ambassadors in countries including Nigeria, Australia, Japan, the USA, and many others, thanks to support from the Community Marketing Fund (CMF) and mentorship from the Rhubarbarians team.

Now, as part of its next chapter, the torch has been passed to Luke, one of the earliest ambassadors, who will lead the program into a new era of growth. Luke is set to implement a revamped structure, a streamlined application process, and new resources like an Ambassador Handbook and the FUDBuster initiative to equip ambassadors with the tools to combat misinformation.

With exciting developments on the horizon, including the upcoming Crescendo hard fork, KAP is positioned for exponential growth in the next 12 months, with plans to double or even triple the number of ambassadors. The relaunch brings new opportunities for both existing and incoming ambassadors to play a more significant role in spreading Kaspa’s mission globally.

Luke, the new director of the program, expressed his enthusiasm, stating, “I’m incredibly honored to receive the torch and guide the program through its next phase. My vision is to continue empowering ambassadors to represent Kaspa both locally and globally, building a strong, vibrant community.”

The program’s future looks bright, with plans for more ambassador swag, additional educational resources, and a restructured budgeting process to support meetups and events. Kaspa’s Ambassador Program is set to be a key driver of growth as the project continues to make strides in the blockchain space.

Kaspa Industrial Initiative (Kii) Launches to Revolutionize Industrial Blockchain Applications

The Kaspa Industrial Initiative (Kii) has officially launched, aiming to harness Kaspa’s innovative BlockDAG technology to transform industries by improving efficiency, security, and scalability. Kii seeks to build a global network of leading companies and industry partners, promoting the adoption of Kaspa’s next-generation blockchain platform across key sectors such as finance, supply chain, energy, gaming, and public services.

Kaspa’s BlockDAG technology marks a major advancement in blockchain development, solving the blockchain trilemma by delivering scalability, security, and decentralization all at once. Its ability to create parallel blocks significantly increases transaction throughput while maintaining robust security through its proof-of-work consensus, making it ideal for large-scale industrial applications.

Kii is led by Chairman Paul van Son, a veteran in the international energy sector with over 40 years of experience, and Secretary General Bara Greplova, who brings extensive expertise in blockchain adoption and industrial use cases. Under their leadership, Kii will focus on integrating Kaspa’s technology into real-world industrial scenarios, launching support programs for startups, and advocating for favorable policies through a Global Regulatory Advisory Board.

To further expand Kaspa’s industrial applications, Kii will host the Kaspa in Enterprise Conference in Autumn 2024 in Dublin, Ireland. This event will gather leaders across various sectors to explore Kaspa’s potential in areas like asset tokenization, decentralized finance, and next-gen stablecoins.

With its cutting-edge technology and a strong leadership team, Kii is set to pave the way for a new era of industrial blockchain innovation.

Kaspa Shines at SHAKA 2024 with Key Presentation on Web3 and AI

Kaspa shined at the 2024 SHAKA event, one of the most energizing meetings in France related to Web3 and Artificial Intelligence. Organized in Biarritz, SHAKA gathered more than 2,000 participants including businesspeople, investors, and fans of cryptocurrencies, blockchain, and decentralized finance, NFTs, and other technologies.

The event lasted for several days and included workshops, conferences as well as casual and creative networking in the warm sunshine. Many participants engaged together by creating a digital wallet and learning Steps of NFT development. The fun was maintained through the night by fun activities on the roof top and entertaining ‘battle royale’ activities.

Kaspa, represented by its French Ambassador Julien, took center stage on the second day with a twenty-minute presentation titled “Kaspa: Why is Everyone Talking About It?”. Julien highlighted the specifics that distinguish Kaspa, specifically to address mining and the function of POW and five-year development plan. He charmed the audience by addressing its technical side and prospect of Kaspa which helped to increase awareness of the project in Web3 space.

In SHAKA 2024, Kaspa started to blow the horn as the new entrant and signal a new dawn within the crypto world, this created more impact on an audience who were eager to embrace new technologies.

Japan’s First Kaspa Payment and KJEA Launch at WebX Event

On the 30th of August 2024, during the WebX Tokyo Conference, the Kaspa Japanese Ecosystem Association, KJEA organized a vibrant side event with congratulation of KEF support. About 20 participants were gathered, including the developers of AAVE, miners of Kaspa, holders, as well as those who just came to the event, which made the event rather active.

Thus, the event included the presentation of the BlockDAG technology of Kaspa and the benefits of using it instead of blockchain. In the event a formal introduction of the KJEA was made, which’s main goal is the promotion of Kaspa in Japan and the world.

Kaspa-based payment was one of the most exciting moments. It was the realization of the first Kaspa-based payment in Japan especially when the company managed to record impressive growth rates and shares increased significantly. With assistance from the venue, the implementation of the special menu was organized in such a way that the participants could pay for the meals with Kaspa, which was also a major step in further development and integration of Kaspa in the Japanese territory.

At the end of the event, representatives of the Kaspa Ecosystem Foundation went on the stage to express their gratitude to everybody and to share their enthusiasm of Kaspa development. They played a significant role of supporting through providing merchandise and enhancing the success of the event.

The event helped not only to strengthen the community but also brought the prospect of the Kaspa development in the Japanese market.

KaspaFam Meetup SG: Celebrate KRC-20 Mainnet Launch with Prizes and Fun!

Get ready, Singapore!

The KaspaFam Meetup is landing on September 19, 2024, at the Barouv Rooftop Bar to celebrate the KRC-20 Mainnet launch.

Expect an evening packed with fun, networking, and major prizes!

What to Expect

  • Date: September 19, 2024
  • Time: 6:00 PM – 11:00 PM
  • Venue: Scarlet Hotel, 33 Erskine Rd, Singapore

Prize Pool

  • Online: 50,000 KAS + 3 KS5 Miners
  • Onsite: 5,500 KAS + 1 KS5 Miner + 2 KS0 Miners

Enjoy a live DJ, free-flow cocktails, and Kasplex mini-games with awesome rewards.

Whether you’re a Kaspa pro or new to the scene, this event is your chance to celebrate and win big!

Limited spots availableRegister now and join the party!

Indonesian Crypto Exchange Indodax Hacked, $20 Million Stolen

Indodax, one of Indonesia’s largest cryptocurrency exchanges, was hacked, resulting in a loss of $20 million in assets. The hacker quickly converted the stolen funds into various cryptocurrencies.

Currently, the hacker holds 5,584 ETH ($13 million), 6.84 million POL ($2.56 million), 16.7 million TRX ($2.55 million), and 25 BTC ($1.41 million). These assets are spread across Ethereum, Optimism, Polygon, Tron, and Bitcoin networks.

The incident raises concerns about the security of cryptocurrency exchanges. Indodax has yet to release an official statement regarding the breach or recovery efforts.

This hack serves as a reminder for crypto users to ensure their assets are secured with strong measures like two-factor authentication and cold storage.

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Solo Miner Gets 860749th Bitcoin Block Wining $181,143

Sep 10, 2024

Today a solo bitcoin miner wins against big mining pools. Solo CK mines the 860749 bitcoin block number and gets $181,143 as a reward.

Screenshot 2024 09 10 at 11.57.01 AM Bitmala

Solo mining has become extremely difficult these days because of large mining farms. It is like a lottery to win. But recently we have been frequently hearing these stories of successful solo mining. Why is this? This might be because recently ASICS devices have been improved for home mining. More people are running Bitcoin miners from home.

The miner of 860749 received 3.169 $BTC. Are you mining any other crypto?

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Japan Considers Lowering Crypto Tax Rates in 2025

6th September,2024, Wyoming

Japan’s Financial Services Agency (FSA) is interested in the VAT or value-added tax that was proposed in a flat 20% taxation on any gains made from cryptocurrencies like Bitcoin similar to the application of the taxes on share profits. At the moment, crypto profits and gains are subjected to tax rates ranging from 15% to 55% with the additional 35% for every ¥200,000 ($1,377) of profits made. Some of the criticism has already prompted debate over reforms as many blames the present system for reducing the motivation to invest.

The proposal presented by the FSA intends to regulate cryptocurrency in the same way as an ordinary financial instrument which will be beneficial for the holders of cryptocurrencies. This is backed by the Japan Blockchain Association, who stressed that reductions in taxes would further the growth of investment in the sector.

If adopted by the Japanese parliament then new taxation structure might come into force from the year 2025 and would come as a great tax exemptions for both the personal users and companies with bitcoin exposure.

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Ethereum Struggles as Price Stalls Amid Market Volatility

Ethereum (ETH) is facing a rough patch as its price continues to stagnate around the $1,600 mark on September 5, 2024. The cryptocurrency, once a leader in the decentralized finance (DeFi) and NFT boom, is now grappling with a loss of momentum.

A mix of market-wide factors, including economic uncertainty, inflation concerns, and competition from faster blockchain networks like Solana, has led to a decline in both price and investor confidence.

For traders, Ethereum’s current trajectory serves as a reminder that the crypto market is in constant flux. ETH, despite being the backbone of DeFi and smart contract platforms, is now under pressure as investors seek higher returns and faster networks.

Rising competition from emerging platforms is challenging Ethereum’s dominance, forcing the network to innovate further and tackle long-standing scalability issues.

Even with these hurdles, Ethereum’s fundamentals remain strong. The upcoming advancements in Ethereum 2.0 could provide much-needed scalability and energy efficiency improvements, which could reignite investor interest.

However, in the short term, it’s clear that Ethereum is struggling to maintain its bullish momentum, and traders will need to watch closely for any signs of recovery.

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Solana Soars: New Developments and Partnerships Push Blockchain to the Next Level

Solana (SOL) is making headlines once again, as new developments and partnerships strengthen its position in the blockchain world. From growing adoption in decentralized finance (DeFi) to increasing use cases in NFTs, Solana has become a favorite for projects looking for speed and scalability.

Recently, partnerships with major platforms and developers have further fueled interest in Solana, bringing fresh utility to the network.

For traders and blockchain enthusiasts, this is a moment to watch. Solana’s performance continues to attract attention as it scales up its ecosystem, offering faster transaction times and lower fees than its competitors. This makes it appealing for projects requiring high throughput, such as gaming, finance, and real-world asset tokenization.

While challenges like network outages and scalability concerns have cropped up in the past, Solana’s community and developers are working hard to address these issues. With its focus on innovation and expanding partnerships, the blockchain is setting itself up for long-term success.

As Solana continues to evolve, the future looks bright for this high-performance blockchain.

Keep an eye out for upcoming projects, it might just be the next big thing in crypto.

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