Latest news with #OFUYC
Business Upturn
07-05-2025
- Business
- Business Upturn
OFUYC Exchange Launches Global Eco-Ambassador Program, Leading New Trend in Web3 Security Education
By GlobeNewswire Published on May 7, 2025, 16:14 IST GREENWOOD VILLAGE, Colo., May 07, 2025 (GLOBE NEWSWIRE) — As the Web3 ecosystem rapidly grows, novice users face significant security challenges. To address this, OFUYC Exchange has launched a global eco-ambassadors recruitment program aimed at promoting Web3 security education through community activities and online/offline interactions. This initiative focuses on technological innovation, education, and practical training to support the healthy development of the cryptocurrency industry and global compliance. The Importance of the OFUYC Exchange Eco-Ambassador Program OFUYC Exchange emphasizes that the long-term development of Web3 must be rooted in transparency and fairness, requiring joint industry efforts alongside exchange-level technology and compliance systems. Through the Global Eco-Ambassador Program, OFUYC collaborates with industry experts, community leaders, and developers to create a safer blockchain trading environment. Amid global market volatility, safeguarding investor funds and enhancing user trust are critical. Strengthening Web3 education and community engagement helps novice users adapt to the market, reduce risks, and promote the sound growth of the cryptocurrency industry. OFUYC: Technology Innovation and Ecological Synergy As a key player in global compliance, OFUYC Exchange not only optimizes its trading systems and security architecture but also explores new paths for Web3 ecosystem development. The Global Eco-Ambassador Program integrates technological innovation, market expansion, and security compliance. By leveraging smart contracts, Decentralized Identity (DID), and AI anti-scam systems, OFUYC lowers barriers for users entering Web3. The program also includes education, training, offline community activities, and developer support, enabling users to better understand and apply Web3 technologies. Additionally, OFUYC is expanding into emerging markets to promote blockchain adoption globally, consolidate industry advantages, and set higher security standards through compliance and education. Web3 Synergizing Security, Compliance and Ecology The growth of Web3 relies on both security and compliance. OFUYC identifies decentralized system construction as a core future trend, requiring platforms to provide a secure trading environment while enhancing user education to build public trust. As global regulatory policies evolve, compliant operations will form the foundation for sustainable cryptocurrency exchanges. Through the Global Eco-Ambassador Program, OFUYC prioritizes user safety while fostering a more transparent and compliant blockchain industry, ensuring the sustainable development of the Web3 ecosystem. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Upturn
07-05-2025
- Business
- Business Upturn
OFUYC Exchange Introduces AI Intelligent Funds Audit, Strengthening Web3 Asset Security Protection
By GlobeNewswire Published on May 7, 2025, 16:19 IST GREENWOOD VILLAGE, Colo., May 07, 2025 (GLOBE NEWSWIRE) — OFUYC Exchange has launched its AI-driven automated fund auditing system, integrated into the OFUYC AI Core backend. This system enables real-time transaction monitoring, risk identification, and prevention of abnormal transactions, anti-money laundering (AML) risks, and malicious attacks. It also identifies potential security vulnerabilities, enhancing its fund flow monitoring capabilities. AI Intelligent Audit System: Upgrading Risk Prevention and Control By introducing the AI Intelligent Funds Audit System, OFUYC Exchange can monitor every transaction on the platform in real time and automatically identify and analyze abnormal trading patterns through machine learning technology. The AI Intelligent Funds Audit System monitors transactions in real time, leveraging machine learning to identify and analyze abnormal trading patterns automatically. Its core advantage lies in reducing errors caused by manual operations while detecting suspicious behaviors, such as large fund transfers and frequent micro-transactions. By flagging and tracking potential money laundering activities, the system ensures compliance with global regulatory requirements, creating a transparent and secure trading environment. This innovation strengthens risk control, improves platform reliability, and addresses complex security challenges in the crypto market while maintaining compliance. The Positive Impact on Industry Compliance and User Trust The AI audit system enhances transaction efficiency, protects user privacy, and ensures adherence to AML regulations. Compared to manual auditing, it offers superior accuracy and speed, conducting automated risk assessments and predicting abnormal behavior in real time. This advancement builds trust among users and institutional investors, who prioritize compliance and security. OFUYC: Innovation in Smart Money Audit to Strengthen Web3 Security With the continuous development of technology, the potential of the AI intelligent fund auditing system is far more than that. OFUYC Exchange plans to further optimize the system and introduce more intelligent functions into fund monitoring and risk identification, including automated contract auditing, intelligent cross-chain transaction monitoring, etc. For OFUYC, the introduction of AI intelligent auditing system is the continuous effort of OFUYC to commit to the security of Web3 assets, and OFUYC will continue to promote innovation to enhance the security and compliance of the platform. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Business Upturn
07-05-2025
- Business
- Business Upturn
OFUYC Exchange Reveals AI Core to Enhance the Security of the Web3 Trading Platform
By GlobeNewswire Published on May 7, 2025, 16:24 IST GREENWOOD VILLAGE, Colo. , May 07, 2025 (GLOBE NEWSWIRE) — The rise of Web3 technology has brought unprecedented innovation to decentralized platforms and smart contracts, but it is also accompanied by a large number of security risks and scams. OFUYC Exchange has deeply analyzed the evolving scam patterns in the crypto market in recent years, and proposed a response strategy through a long-term study to address the smart contract vulnerability issues that have long plagued the industry through the application of artificial intelligence. The Evolution of Crypto Market Scams Smart contracts have become the primary targets of attacks in the crypto market due to their openness, transparency, and immutability. Hackers exploit vulnerabilities or design flaws in contracts, and as the Web3 ecosystem grows, these attacks are becoming more sophisticated. Traditional auditing and manual monitoring methods are no longer sufficient to combat these threats. To address this, OFUYC Exchange has enhanced its AI Core backend system, which uses deep learning to monitor smart contracts in real time. The system automatically detects and repairs vulnerabilities, avoiding the blind spots of traditional methods. Additionally, it predicts risks based on historical data and market behavior, significantly improving the platform security capabilities. Decentralization and Security: OFUYC Reveals its Strategy While decentralization is seen as a means to secure data privacy and transactions, it also introduces new risks. Many decentralized applications (dApps) and smart contracts are prone to attacks due to design flaws, such as unauthorized access vulnerabilities or governance loopholes in decentralized autonomous organizations (DAOs). OFUYC emphasizes that decentralization alone does not guarantee security; robust technical safeguards are essential to prevent malicious manipulation. AI Core System Upgrade: Enhanced Security and Reliability The upgraded AI Core backend system provides users with accurate risk assessments and emergency response mechanisms. When abnormal transactions or potential attacks are detected, the system activates automatic protection measures, effectively preventing user asset losses. The full deployment of the AI Core system of OFUYC has enabled OFUYC to further enhance its competitiveness in the industry as well, becoming a benchmark for compliance and security in the industry. A photo accompanying this announcement is available at: Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Associated Press
22-04-2025
- Business
- Associated Press
OFUYC Announces Major Team Developments, Driving Compliance in the Web 3.0 Industry
Colorado, April 22, 2025 -- OFUYC, the leading digital asset trading platform in the United States, has announced that its core team will actively participate in the development of global blockchain compliance frameworks in the coming months, further enhancing the technological and business innovation capabilities of the platform. This announcement underscores the long-term strategic direction of OFUYC in the cryptocurrency industry while solidifying its position as a benchmark digital asset exchange in the global market. A Professional Team: The Dual Engines of Innovation and Compliance The core team at OFUYC has consistently been one of the key driving forces behind its success. As the platform founder, Kylo Thomas has seamlessly integrated a profound understanding of legal compliance with blockchain technology, establishing a dual vision of leading industry transformation through technology and safeguarding platform development through regulatory frameworks. The team comprises seasoned professionals with extensive backgrounds in finance, technology, and compliance, with deep expertise in blockchain infrastructure, smart contracts, and cryptocurrency compliance. The OFUYC management team emphasized that the compliance process in the blockchain industry is essential for building trust among global users and regulatory bodies, as well as for the platform ability to expand into new markets. To this end, the team plans to continue collaborating closely with international regulatory agencies to establish clear regulations for the cryptocurrency market, while delivering a trading experience that exceeds user expectations through technological innovation. Compliance Strategy Sets the Foundation for 2024 Success Over the past year, OFUYC achieved several significant milestones, including successfully renewing its U.S. MSB (Money Services Business) license and obtaining the SEC-issued Regulation D license. Throughout its development, the team has meticulously balanced technological innovation with regulatory requirements, laying a solid foundation for the future. The team investments in technology development have complemented these compliance breakthroughs, granting the OFUYC trading platform enhanced adaptability to evolving market conditions. According to the latest data, as of publication, the total number of OFUYC platform users has approached 20 million, with monthly trading volume expected to surpass $100 billion. This rapid growth is a testament to the team ability and commitment to building a compliant cryptocurrency ecosystem. Technology-Driven Platform Upgrades To enhance platform competitiveness, OFUYC has fully leveraged the integration of AI and blockchain, bringing multiple features to market. The core technology team of OFUYC highlighted that the OFUYC AI Core trading backend serves as the cornerstone for achieving intelligent interactions and decentralized business expansion, setting a new industry benchmark. OFUYC has announced plans to continue investing in areas such as compliance, AI agents, Layer 2 scaling technologies, and Real-World Assets (RWA). This development trajectory demonstrates that OFUYC is not just a digital asset exchange but also a catalyst for global cryptocurrency advancement. Contact Info: Name: Luca Moretti Email: Send Email Organization: OFUYC BLOCKCHAIN HOLDING INC Website: Disclaimer: This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed. You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence. Release ID: 89158229 In case of identifying any errors, concerns, or inconsistencies within the content shared in this press release that necessitate action or if you require assistance with a press release takedown, we strongly urge you to notify us promptly by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our expert team is committed to addressing your concerns within 8 hours by taking necessary actions diligently to rectify any identified issues or supporting you with the removal process. Delivering accurate and reliable information remains our top priority.
Associated Press
22-04-2025
- Business
- Associated Press
OFUYC Accelerates Participation in New EU Digital Asset Regulation, Focuses on Harmonization of Regulation and Technology Innovation
Colorado, April 22, 2025 -- The EU has recently made intensive moves in digital currency compliance, and the spirit of harmonized regulation is becoming more and more prominent. In response to a series of new or upcoming policies, digital currency trading platform OFUYC has announced that it will work with some EU member states on a pilot basis to provide constructive solutions for the implementation of emerging digital currency regulations. This initiative aims to help different regions efficiently implement compliance rules and lay a solid foundation for subsequent technological and market innovation. Policy Background and Opportunities in the Digital Currency Era In the European Union, MiCA has become the core document for the unified regulation of digital currencies, while EBA and ESMA are refining the requirements for AML, risk monitoring, and transparency of stable coins, reflecting a more systematic scrutiny of all aspects from issuance to capital flow. OFUYC plans to integrate multi-signature wallets, secure risk control, and cross-border data processing with local regulations to pilot the new policy and improve transaction transparency. The Four Core Proposals of OFUYC for Digital Currency Trading Platforms OFUYC will present key constructive proposals around the following four dimensions: AML/KYC data standardization: OFUYC advocates for the unification of user identity information and suspicious transaction processes to balance privacy and reduce cross-border regulatory conflicts. Stablecoin reserve and audit solution: Utilizing blockchain audit tools, OFUYC regularly provides proof of reserve and automated contract execution to improve capital transparency and investor confidence. Real-time monitoring of cross-border transactions: Through layered reviews to differentiate risk levels, OFUYC will deploy nodes and collaborate with local institutions to improve early warning of unusual transactions. Integration of compliance sandbox and innovation sandbox: Based on the digital currency sandbox mechanism, OFUYC advocates traditional finance, blockchain projects and policy departments to jointly verify innovative products such as smart contracts and cross-chain transactions. Compliance Deepens EU Digital Currency Ecosystem, The Core Advantage of OFUYC OFUYC believes that EU member states are inevitably affected by differences in economic structures, financial environments and technological foundations when implementing harmonized policies, and that market dynamics and financial security can be balanced through sandbox pilots and harmonized data standards. For platforms, early investment in compliance cooperation in these regions can also promote the upgrading of cross-border trading and institutional investment services. Industry analysts have pointed out that MiCA and other regulatory rules mark a significant shift in both legal and implementation levels, and will push digital currencies from the 'grey' edge to the more transparent mainstream financial sector. OFUYC has launched a multi-country policy implementation program at this time, not only to consolidate its own compliance advantages, but also to inject more professional practice ideas into the EU digital currency ecosystem. Contact Info: Name: Luca Moretti Email: Send Email Organization: OFUYC BLOCKCHAIN HOLDING INC Website: Disclaimer: This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed. You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence. Release ID: 89158228 If you come across any problems, discrepancies, or concerns related to the content contained within this press release that necessitate action or if a press release requires takedown, we strongly encourage you to reach out without delay by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our committed team will be readily accessible round-the-clock to address your concerns within 8 hours and take appropriate actions to rectify identified issues or support with press release removals. Ensuring accurate and reliable information remains our unwavering commitment.
