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Web3 faces regulatory hurdles in Africa, slowing progress
Cartesi developer advocate Jathin Jagannath expressed the importance of improved digital literacy, stating that a skilled workforce and user base are crucial for successfully integrating Web3 technologies.
Developer advocate of Cartesi, a Web3 rollup protocol, Jathin Jagannath, has noted regulatory uncertainties as a significant hurdle in Africa’s Web3 landscape. According to Jathin, the absence of clear, well-defined regulations surrounding Web3 technologies can create hesitancy among potential users and investors.
In an interview with Cointelegraph, Jathin stressed that the regulatory ambiguity may result in a reluctance to fully embrace the transformative possibilities offered by Web3:
“With regulatory clarity, enhanced digital literacy, and infrastructural upgrades, we will see Africans overcome these obstacles and lean into rapid modernization.” Read More
Google Play Store in India blocks Binance, OKX in response to FIU notice
Although Google’s Play Store blocked Binance and OKX, the Binance application and website are still available and working for existing users.
Google’s Play Store in India has removed Binance and OKX crypto exchange apps after the government issued a noncompliance notice against them. The removal follows a similar decision by Apple’s App Store in India in December 2023.
On Dec. 28, 2023, the Indian Ministry of Finance’s Financial Intelligence Unit (FIU) issued a notice to Binance, Huobi, Kraken, Gate.io, KuCoin, Bitstamp, MEXC Global, Bittrex and Bitfinex for operating illegally in India.
The FIU notice stated that any exchange providing services to Indian users must register as a “reporting entity” and submit statements to the income tax department. The FIU proposed that the Ministry of Electronics and Information Technology block the websites of the mentioned exchanges due to non-compliance.
Although Google’s Play Store blocked Binance and OKX, the Binance application and website are still available and working for existing users. Read More
GameStop Bails on Crypto Gaming, Killing NFT Marketplace
The news comes four months after the storied video game retailer axed its NFT wallet, with GameStop set to exit the space entirely.
GameStop is getting out of the NFT business.
About a year and a half after launching its NFT marketplace, publicly-traded video game retailer GameStop is saying goodbye to its platform, which supports gaming NFTs and other collectibles across Immutable X and Loopring, both Ethereum scaling networks.
“GameStop has decided to wind down our NFT marketplace due to the continuing regulatory uncertainty of the crypto space,” a message on the marketplace’s website reads, adding that the platform will no longer be operating as of February 2 this year. Because the NFTs were minted on blockchains, however, they can be accessed elsewhere and bought and sold through other marketplaces. Read More
Rollups, corporate demand, and Bitcoin-tied solutions among 2024’s crypto business trends
After enduring a lengthy winter, the crypto industry shows signs of recovery, fueled by increasing institutional interest and Bitcoin's widening popularity.
Crypto businesses are looking forward to less turbulent times after a long crypto winter, with institutional demand and growing Bitcoin adoption helping to drive innovation in the crypto space. Trends to look for this year include scalability and compliance solutions, industry participants told Cointelegraph.
Transaction speeds and costs are challenges for both the Ethereum and the Bitcoin networks. Not by chance, rollup projects are expected to be in high demand in 2024, said Axelar’s CEO Sergey Gorbunov. He believes rollup development kits are "something to watch in 2024."
“We’re beginning to see abstraction for the Web3 developer that is similar to what consumer-facing developers in SaaS enjoy,” explained Gorbunov about the growing offer of tools for developers working on blockchain scaling solutions. Read More
REFER THREE TO MARKETHIVE TO RECEIVE BONUS AIRDROPS AND ACTIVATE MICROPAYMENTS
As Markethive continues to gain traction with new members joining daily, Markethive is steadfast and in preparation to take a large share of the new Market Network that is the next generation following the social media craze of Web 2.0. Markethive is a Social Market Broadcasting Network. It sounds like a mouthful, and it is!
Markethive is an all-encompassing platform that has integrated;
As Markethive’s foundation is Blockchain-driven, it has its consumer coin, currently named Markethive Coin (MHV), but soon to be renamed Hivecoin (HVC - the Ticker Symbol). It is fully integrated into the system and has created an Ecosystem for all Markethive members, free and upgraded Entrepreneurs.
So Markethive has established its niche as the only Social Market Broadcasting Network with an infinity Airdrop and a system that rewards the users for engaging on the platform and learning how to use it with ongoing, real-time micropayments, otherwise known as a Faucet.
Markethive has the combined power of Facebook, LinkedIn, Marketo, and Amazon, with the real advantage of deriving income within the Markethive system while promoting your business and enjoying the social media interface. Read More
You Can Play Super Nintendo and Other Classic Games on Bitcoin—Here’s How
Thanks to Ordinals, you can find working video games inscribed on the Bitcoin blockchain. Here’s how to play them.
Thanks to the Ordinals protocol, crypto users have inscribed more than 50 million bits of media on the Bitcoin blockchain over the last year, from artwork to profile pictures to, yes, even playable video games.
The Bitcoin-based alternative to NFTs lets users etch games and applications onto the chain, effectively preserving them for as long as the decentralized network lives. Some see this as a way to ensure classic games survive in an era in which digital games are delisted and hard to access. Others just think it’s cool or funny.
Whether you see it as a gimmick or a godsend, however, the fact remains that you can play some old-school games that are running on Bitcoin. None of these web-based games are officially sanctioned ports from the original developers, but there are pretty good renditions in the mix. Here are a handful worth checking out. Read More
Opening Vintage Caches — $28 Million in Dormant Bitcoin Stir From 2010-2017 Wallets
Recent data reveals that so-called ‘sleeping bitcoin’ wallets, established from 2010 to 2017, transacted about 659.14 bitcoins, valued at approximately $28.26 million, during the initial fortnight of this year. A significant portion of this activity originated from wallets created in 2017, with 167.3812 bitcoins being moved from that period.
Old ‘Sleeping Bitcoin’ Wallets Spring to Life, Transacting $28 Million in 2024
In contrast to last year’s surge in bitcoin transactions primarily from 2011 and 2012, this year has witnessed fewer bitcoin movements from long-standing vintage addresses. Btcparser.com, a blockchain analysis website monitoring over 64,000 sleeping bitcoin addresses, reported that roughly 659.1406 bitcoins from accounts created between 2010 and 2017 were transacted for the first time.
The bulk of the vintage bitcoin (BTC) spent this year primarily came from wallets established in the years 2013 to 2017. Read More
Spot Bitcoin ETF custody vs. exchange custody: What’s the difference?
Even if Coinbase goes bankrupt, the underlying Bitcoin of spot Bitcoin ETFs will not be commingled, 21Shares and 21.co co-founder Ophelia Snyder says.
As 10 asset managers in the United States have started trading billions in spot Bitcoin exchange-traded funds (ETFs), investors might wonder how these issuers ensure that the underlying asset of their products is safe enough.
Despite cryptocurrency exchanges losing comparatively less money to hacks over the past few years with new security improvements, the community witnessed multimillion-dollar attacks on exchanges like Poloniex in 2023. Is there anything that makes a spot Bitcoin ETF safer than trading on an exchange like Poloniex as a retail user?
Bitcoin custody products used by spot Bitcoin ETF providers are “nothing like what retail gets access to” on crypto exchanges, according to Ophelia Snyder, co-founder of 21Shares and its parent firm, 21.co.
“We’re using Coinbase as a custodian for a U.S. product. Me putting money on Coinbase as Ophelia Snyder and me putting money on Coinbase as 21Shares, the products are structurally different,” the executive said in an interview with Cointelegraph in early January. Read More
Michael Saylor Sounds Alarm on Deepfake Bitcoin Scams
No, Michael Saylor won’t be sending you some Bitcoin, despite what you think he might have said on YouTube.
Want to get rich quick in crypto? It won’t be from a Bitcoin giveaway on YouTube.
Michael Saylor, founder of cloud software company MicroStrategy, issued a warning on Twitter this week regarding the rise of AI-powered deepfake scams aimed at stealing cryptocurrency from credulous YouTube viewers.
"There is no risk-free way to double your Bitcoin, and MicroStrategy doesn't give away BTC to those who scan a barcode," Saylor tweeted. "My team takes down about 80 fake AI-generated YouTube videos every day, but the scammers keep launching more. Don't trust, verify," he tweeted. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
