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New Developments Happening in the Blockchain Space: 27-03-2023

Posted by Simon Keighley on March 27, 2023 - 7:29am Edited 3/27 at 7:31am

New Developments Happening in the Blockchain Space: 27-03-2023

New Developments Happening in the Blockchain Space 27-03-2023

Image Source: Pixabay


Privacy Centric Brave Browser Now Allows Crypto Asset Selling Inside of Wallet Extension

Privacy-focused browser Brave just added a new feature that gives users the ability to sell crypto assets within its native Web3 wallet.

The software firm says Ramp Network’s off-ramp solution is now integrated into the browser’s Brave Wallet, allowing users to trade crypto assets for fiat currencies without going through a centralized third party like a crypto exchange. 

The announcement comes nearly a year after Brave partnered with Ramp to enable users to buy crypto directly within the Brave Wallet.

“Users now have the option to both move in and out of crypto entirely through their self-custody wallet, rather than through centralized exchanges that hold custody of users’ assets. With Ramp’s on- and off-ramping services integrated into Brave Wallet, users no longer need to relinquish ownership of their crypto to transact.”

The off-ramping service currently supports over 38 crypto assets, which include Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). Read More


 

Polygon Labs partners with Unstoppable Domains to launch top-level domains

Polygon ecosystem users will be able to create “.polygon” Web3 domains through a new partnership with Unstoppable Domains.

Polygon has launched the ability to create Web3 “.polygon” domain names in partnership with Unstoppable Domains. The offering will allow users to log in to Web3 applications, make use of human-readable wallet addresses and create decentralized websites.

The service will be available to an estimated 180 million users and 40,000 services across the Polygon blockchain ecosystem. Unstoppable Domains makes use of Polygon to mint decentralized domains with zero gas fees. Over 2.7 million domains have been registered on the Polygon blockchain to date.

Users will be able to use “.polygon” domains to create digital identities that are compatible across 750 applications, games and metaverse platforms. These can be used to log in to web apps, such as cryptocurrency wallet addresses and decentralized websites.

Unstoppable Domains also allows users to create profiles that can be connected to social media channels and act as a digital identity across Web3 platforms and networks. Read More


 

Tokenized mortgages can prevent another housing bubble crisis, says Casper exec

Current mortgage term sheets lack transparency because they are not machine-readable, according to Ralf Kubli, board member of the Casper Association.

The 2008 financial crisis was a devastating time for many, as the collapse of the United States real estate market caused ripple effects impacting the employment and livelihoods of millions of people.

According to TheStreet, one of the chief causes of the crisis was the opaqueness of the mortgage industry. Mortgages were bundled into packages called “mortgage-backed securities (MBS)” that could be bought and sold by banks and other investors who relied on rating agencies to determine how risky the securities were.

The banks sometimes “packaged AAA-rated securities with lower-quality ones, and these bundles were passed off as top-rated securities when they were sold to investors.” These investors didn’t necessarily understand that they were buying low-quality securities, which were likely to be defaulted on, leading to massive losses once the crisis revealed the truth.

According to Ralf Kubli, a board member of the Casper Association, this fundamental problem that sparked the crisis still exists, but it can be fixed through blockchain technology. Read More


 

Moonpay CEO: 'We Really Want to Pass the Mom Test' for Mass NFT Adoption

The MoonPay CEO wants to get NFTs and crypto into the hands of the masses via slick UX and partnerships with household brands.

MoonPay CEO Ivan Soto-Wright is turning to a unique metric to measure mass adoption for NFTs.

“We really want to pass the mom test,” he said in a recent interview with Decrypt at this year's NFT Paris. "We want to make it really easy, for anyone, anywhere in the world, to be able to use their debit and credit card, payment methods, we want to localize that experience to make it easy for them to purchase their first crypto or their first NFT.”

The ultimate goal is the company’s mantra of “onboarding the world to Web3.”

“Crypto needs to be used in everyday life, NFTs need to be used in everyday life,” he said. “And that means moving away from just terminology and into new digital experiences that we can create.” Read More


 

Market Purge Continues As Crypto Industry Strives For Maturity. Perfect Timing For Markethive

Also, Updates On New Integrations And The Markethive Wallet

As the bear market continues with its crypto-cleanse and traders bemoan the adverse price action, some industry leaders opine these conditions will eradicate bad actors and create more significant opportunities for upcoming projects and future participants. Several leading crypto analysts and engineers embrace the idea that this is the time to engage in moves leading to the loftiest gains when the bull cycle returns. 

Markethive stands firm with these sentiments and continues to build its next-generation entrepreneurial platform and be ready for the market-cleansed bull run. Those on the Markethive journey may be aware that new features are being integrated into the newsfeed in preparation for the five-channel dashboard housing various feeds. 

The innovative five-channel dashboard integration will consist of five newsfeeds—the general newsfeed, the blog, the video channel, curation, and surveys.

It will significantly streamline your activities and business facilitation and will include a search engine so you can build your personal algorithms. This will save time and effort by eliminating what you don’t want to see in your newsfeeds, be more intuitive, and enhance the user experience.

CEO of Markethive, Thomas Prendergast, and the team of engineers have made substantial headway with the wallet. It is all but done, and the release is imminent. It’s not a simple wallet that just transfers coins. It is a complete portfolio and accounts of all your transactions, payments, and affairs, including your ILPs. The wallet comprises fourteen major foundational processes and is your internal wallet on the Markethive database. Read More


 

What is quantum cloud computing, and how does it work?

Quantum cloud computing makes quantum computing resources available to organizations, academics and other users through cloud technology.

Cloud-based quantum computers function at greater speeds, with higher computing power than conventional computers, because they employ the principles of quantum physics when solving complex computational problems.

Different types of quantum computers exist, such as quantum annealers, analog quantum simulators and universal quantum computers. Quantum annealers are considered the least powerful among quantum computers but work well to solve optimization problems. Analog quantum simulators, on the other hand, are powerful systems that can solve physics and biochemistry problems.

Universal quantum computers are the most powerful and widely used type of quantum computer. They are also the most difficult to build. Universal computing can potentially access up to 1 million qubits (basic units of quantum information). However, the current technology can only access around 100 to 400 qubits.

How is all of this relevant to blockchain technology? Because quantum computing is incredibly powerful, it has understandably raised concern in the blockchain community, as it could potentially be used to the detriment of blockchain technology as we know it today. Read More


 

Signum Digital scores approval to offer security tokens in Hong Kong

Hong Kong’s Security and Futures Commission greenlights Signum Digital to offer security tokens in the city after inviting applications for virtual asset trading licenses.

Signum Digital, a joint venture of Coinstreet and Somerley, has announced that it has received an approval-in-principle from the Hong Kong Securities and Futures Commission (SFC) for its security token offering (STO) and subscription platform.

Security tokens are a new category of digital assets built on blockchain technology representing ownership of tangible assets, such as private equities, real estate, art and collectables. By being linked to real-world assets, the tokens may lower risks for potential investors, facilitate research processes and provide a foundation for the market value of the investment opportunity.

Signum Digital has claimed that, following the receipt of final authorization from Hong Kong’s SFC, it will manage the STO platform using the brand name “CS-Pro.“ This platform will be a pioneering development in Hong Kong, according to Signum. Read More


 

Bitcoin Bull Cathie Wood Says Blockchain Technology To Come Ahead in New ‘Roaring Twenties’ After Fed Pivot

ARK Investment Management head Cathie Wood is making a bold prediction about the future of finance and technology.

Wood tells her 1.5 million Twitter followers that once the Federal Reserve pivots, a surging economy reminiscent of the “Roaring Twenties” is likely to follow.

She says once the economy starts surging, blockchain technology, along with four other tech innovations, will come out ahead.

“Today, five major innovation platforms are evolving at the same time – multiomics sequencing, robotics, energy storage, artificial intelligence, and blockchain technology, all of which are converging! Tesla is leading the ‘charge’ in three, but I wouldn’t be surprised to see four–five.

Once the Fed stops looking backward at CPI inflation and starts addressing the deflationary banking crisis that a 19-fold increase in short rates and an inverted yield have caused, we would not be surprised to see a return to the Roaring Twenties.” Read More


 

MetaMask Enhances Privacy With Mobile DApp and Browser Extension Upgrades

Metamask is rolling out a new update for its mobile app and browser extension that fixes the privacy issues that users encounter when using the popular crypto wallet.

In a statement, Metamask says that the new MetaMask mobile now allows users to choose which account in their wallet should be associated with a decentralized application (DApp).

All accounts in the wallet were previously automatically linked when users connect to a DApp. Metamask says the new user interface, which enabled toggling between wallet and browser in a single tap within the mobile app, gives more control and transparency in choosing which of the accounts should be connected to or disconnected from a particular application.

“Every account and DApp connection is maintained separately in browser tabs, even as new ones are opened. As a result, each account can be conveniently disconnected from its corresponding tab.”

The updated browser extension also enables users to maximize control over their data as well as limit those sent to third-party services. The advanced configuration settings now have the option to disable certain features that send requests to third-party APIs. 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.

 

 

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