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  • Bermuda-Regulated Chainproof Chooses Blockpass to Power KYB for Smart Contract, Slashing, and Yield Insurance

    Identity verification and compliance service Blockpass is delighted to reveal that it will be providing its expertise and solutions to Chainproof, the world’s first regulated smart contract insurer. In this partnership, Blockpass will provide essential compliance services for Chainproof’s customers and counterparties.

    Chainproof is a primary insurance carrier licensed and regulated by the Bermuda Monetary Authority (BMA) focused on non-custodial crypto risks. The company offers smart contract insurance (protecting on-chain deposits against covered loss events in audited protocols), slashing insurance for proof-of-stake validators and node operators, and a staking yield guarantee designed for institutional staking programs. Chainproof combines regulatory oversight with bespoke underwriting for institutions, asset managers, ETFs, and digital-asset treasury companies and is backed by a top global reinsurer, supported by strategic investors including Sompo, and founded by Quantstamp, a global leader in blockchain security.

    Blockpass, the Safe Network for Crypto™, has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity, and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date, over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network. With the recent addition of On-Chain KYC® 2.0, businesses are now empowered to create verified, reusable digital identities for users, both on the blockchain through on-chain attestations, or off the blockchain through zero-knowledge proofs, providing a single, interoperable, and simple solution for dApps and other platforms.

    “Smart contracts hold perhaps the biggest potential out of all the opportunities that blockchain technology provides, so ensuring the protection of those that seek to use them and utilize them is essential for the continued development of the type of groundbreaking solutions that we’re already seeing,” said Adam Vaziri, Blockpass CEO. “To be able to work with Chainproof on this is an honor and a privilege, and with Chainproof holding regulations and compliance as paramount as they help secure the digital asset space, we know that our goals are aligned.”

    “Institutional clients need speed, auditability, and uncompromising controls,” said Tyler Kraus, Chief Compliance Officer at Chainproof. “Integrating Blockpass helps us accelerate KYB and sanctions screening while maintaining the regulatory rigor expected of a Bermuda-regulated insurer. That means less friction for qualified applicants and stronger defenses against financial crime as we scale smart contract insurance, slashing insurance, and our staking yield guarantee for global institutions.”

    By integrating Blockpass and its KYB abilities in particular, Chainproof adds another layer of security to the services it provides, making the blockchain space that much more safe for those that leverage the potential of smart contracts. Backed by the evaluation and development in the BMA Innovation Sandbox before being awarded its license, this move is the latest in Chainproof’s efforts to provide the ultimate insurance service. In keeping bad actors and risks out of the ecosystem, Chainproof and Blockpass ensure that the development of innovative and amazing solutions can continue unabated.

    About Blockpass
    Blockpass offers a cost-effective, comprehensive suite of Web3 compliance solutions: KYC, KYB, and AML. Our tools, including the groundbreaking On-Chain KYC 2.0® for verified, reusable digital identities (via on-chain attestations and ZKPs), lower onboarding costs, automate processes, and prevent fraud. We also provide an Advanced KYC Bot™to support your users, Unhosted Wallet KYC™ for wallet certification, and a Travel Rule Hub. Blockpass has specialized solutions for launchpads, private token offerings, and node sales, plus expert compliance outsourcing. Leveraging over a million pre-verified crypto investors enables instant onboarding. Blockpass is a trusted partner for industry leaders like Animoca Brands, Cardano, and RWA Inc., helping build the Safe Network for Crypto™.

    Learn more and engage the Blockpass team:
    Website: https://www.blockpass.org
    Book a Demo: https://www.blockpass.org/book-your-call/

    About Chainproof
    Chainproof is a regulated primary insurance carrier covering non-custodial smart-contract risks, slashing risks, and staking yield for institutions. Incubated by Quantstamp, supported by strategic investors including Sompo, and backed by a top global reinsurer, Chainproof delivers high-limit, bespoke coverage for asset managers, ETFs, institutional treasuries, and validators—underpinned by rigorous security assessments and transparent claims handling.

    Learn more at Chainproof.co or on Twitter/X @ChainproofDAI.

  • Behind the FMR dispute: Questions over a barangay resolution and later statements

    Questions have surfaced in Davao Occidental over differing accounts related to a 2021 barangay resolution that supported the realignment of a Department of Public Works and Highways (DPWH) farm-to-market road (FMR) project in Barangay Little Baguio.

    Barangay Resolution No. 5, Series of 2021, signed by the barangay council and attested by the barangay secretary, states that the realignment was endorsed “due to legal and technical constraints, and in consideration of the greater public benefit and accessibility” of an alternative route. The document notes that the original alignment would have passed through privately owned properties without right-of-way clearance or entry permits, creating potential legal impediments and delays.

    According to the resolution, the barangay council, working with DPWH technical personnel, identified an alternative route described as legally accessible and geotechnically suitable. The measure, signed by Barangay Captain Ferdinand D. San as presiding officer, says the new alignment was “environmentally sound, socially acceptable,” and conducive to smoother implementation.

    In 2025, separate reports and accounts from community sources claim that Captain San later executed an affidavit describing the FMR as unfinished. Those sources allege that pressure may have influenced that statement. These claims have not been independently verified. As of this writing, there is no official finding that coercion occurred, and the parties concerned have not publicly provided full documentation to reconcile the differing accounts.

    Some residents and community sources contend that references to an “unfinished” road could pertain to the earlier, discarded alignment rather than the realigned route cited in the 2021 resolution. This interpretation has not been formally confirmed by DPWH or the provincial government.

    The situation has prompted calls from civil society groups and local observers for clearer, public updates from DPWH and the Davao Occidental Provincial Government on the project’s status, scope, and fund utilization. They also urge that any inquiries respect due process and the independence of barangay officials.

    The 2021 resolution remains an on-record document reflecting the barangay council’s position at that time. Whether later statements by local officials conflict with that position—and for what reasons—has yet to be clarified through official channels.

    Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the position of the publication or its editors. 

  • 5,000 rally in Cebu calling for Marcos to resign over corruption

    5,000 rally in Cebu calling for Marcos to resign over corruption

    Around 5,000 protesters gathered in Cebu City on Sunday to demand the resignation of President Ferdinand “Bongbong” Marcos Jr., in one of the largest anti-corruption demonstrations to hit the central Philippines this year.

    The rally, held at Plaza Independencia, brought together students, church groups, civil society organizations and other sectoral representatives under a common call for clean governance. Protesters carried placards denouncing corruption and urging greater accountability from officials.

    “This is not the end, nor a pack-up — it’s just a warm-up,” lead convenor Juniño Bonito Padilla told the crowd. “Together, we move forward, stronger and more united, for the change we all believe in. See you for more.”

    The demonstration concluded with a Mass celebrated by Fr. Ciano Ubod, a prominent priest who has often criticized corrupt practices in government. In his homily, Ubod accused public officials of betraying the people’s trust and urged Filipinos to demand accountability.

    Organizers described the event as a show of unity across sectors, aimed at signaling that communities will no longer tolerate misconduct in public office. They said further demonstrations were being planned in Cebu and beyond.

    While protests against Marcos have periodically erupted since he took office in 2022, Sunday’s turnout underscored mounting public frustration amid allegations of corruption in government agencies. Police said the rally dispersed peacefully.

    “The people of Cebu are sending a clear message: corruption will not be tolerated, and the call for accountability will only grow louder,” Padilla said.