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NEM [XEM] delegates take its Outreach Program to Penang, explore the market

Priyamvada Singh



NEM [XEM] delegates take its Outreach Program to Penang, explores the market
Source: Pixabay

On 7th August, the official Twitter handle of NEM announced that the Foundation is extending its outreach program to the Malaysian state of Penang. The program consisted of a trade mission to explore the market in Penang through the assistance of the Internet Alliance, Malaysia.

The Internet Alliance, Malaysia is an association that supports the Internet service providers such as web designers, data centers, solution providers and suchlike to represent their interests to the authorities. The joint effort also works on outlining a legal infrastructure to safeguard the players in the industry, expand the market, among other purposes.

Lance Cheang, the Project Director of NEM Southeast Asia led the program wherein the team met with a couple of businesses based out of Penang. Here, NEM investigated its impact on these companies in the state.

Some of the companies visited by NEM were Zebra Technologies, Intel, Exabytes, AyuhBina, EasyParcel, Penang Tech Dome, QDOS and Penang Science Cluster. The team also visited the Penang State Government for the same purpose. It was founded that these businesses are interested in blockchain and want to further explore the area.

Lance Cheang, regarding the Penang’s potential in terms of supply chain use case, reportedly said:

“We see great potential in Penang, particularly in the supply chain use case, and we’re looking forward to partner up with the state government to have a NEM blockchain hub in the northern region.”

Another highlight of NEM’s Penang visit was the team’s meetup and engagement with Chow Kon Yeow, the Chief Minister of Penang. He was accompanied by one of his deputies, namely, Ramasamy Palanisamy. Here, the NEM members explained more about their blockchain. They also included details on the available funds and the NEM charter.

Recently, NEM also announced the establishment of their deal with Cagayan Economic Zone Authority [CEZA] in the Philippines. This helped in countering the stringency reflected in CEZA’s measures to prevent irrelevant players in the cryptocurrency space.

Prior to this, the Foundation also expanded its ecosystem to New Zealand, particular into two communities, Maori and Pasifika. This was through a collaboration of NEM with Mana Labs, which provides Enterprise Resource Planning [ERP] solutions to its clients.

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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.


John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more





John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!

4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!

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