x
Image Source: Pixabay
Solana becomes ecosystem partner of Dubai free zone
The Solana Foundation has become an ecosystem partner for the Dubai Multi Commodities Centre (DMCC), one of the free economic zones in the United Arab Emirates.
According to the announcement from Oct. 15, with its blockchain platform, Solana will provide technical and business development support to any DMCC Crypto Centre member. The company will also deliver webinars and educational courses on various Web3 topics and extend its already-operating grant program at DMCC.
Solana’s existing partners will, in turn, get privileged treatment in the DMCC, according to the centre’s CEO, Ahmed Bin Sulayem:
“We will provide complimentary setup and business licensing for Solana ecosystem projects, whilst our members can access a world-class blockchain platform and dedicated Solana engineering teams that can take their businesses to new heights.” Read More
Binance Crypto Exchange Will Stop Onboarding UK Customers
Regulatory woes for the U.K. in Britain continue.
Crypto exchange Binance has announced that it will stop accepting new British users.
In a Monday announcement, the world's biggest digital asset company said that at 5 p.m. U.K. time, no new British customers will be able to sign up to the exchange.
It added that it encouraged existing users to be well-informed before investing in cryptocurrencies on the platform.
Britain's financial watchdog the Financial Conduct Authority (FCA) dropped new rules last week which require crypto firms to register with the financial regulator and have their marketing approved by an FCA-authorized firm.
Exchanges also have to provide fair warnings to customers about the risks involved in crypto investments. Read More
Prosperity in Web 3.0 – The Prospect of Collaboration Among Web 3.0’s Power Players
Everyone knows the sales pitch by now – Web 3.0 is a revolutionary paradigm shift from the centralized, outdated and exploitative models active in legacy finance and Web 2.0.
Yet, despite the principles and common ground shared by Web 3.0’s leading blockchain ecosystems, the nascent industry has become a battleground of sorts where projects operate from independent silos, competing fiercely for market share.
In the Web 3.0 space as it stands today, tribal communities and infighting have dimmed a once-powerful flame – one that was kept ablaze in its prime by collaboration and symbiosis.
In order for Web 3.0 to turn the corner and emerge from a suffocating multi-year bear market, the space’s power players must unite in returning to cooperative efforts, win-win relationships, open doors and integrated approaches to driving adoption and the proliferation of Web 3.0 technologies. Read More
Reddit to wind down blockchain-based rewards service ‘Community Points’
Reddit will shutter its Community Points feature on Nov. 8, citing scalability issues.
Reddit has said it will soon shutter its long-running, blockchain-based rewards service, “Community Points,” citing scalability concerns.
In an official Oct. 17 announcement in the r/CryptoCurrency subreddit, a Reddit team member said that, while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across the platform.”
The Community Points service, including the special membership feature, will be shut down on Nov. 8. “At that point, you’ll also no longer see Points in your Reddit Vault nor earn any more Points in your communities,” the Reddit team member wrote.
First launched in May 2020, the community points feature rewarded users with points for positive engagement in certain subreddits and was designed to incentivize higher-quality content on the platform. Read More
We have a lot to be grateful for within Markethive. It’s like stepping out of the rat race into an oasis of humanity at its best. As an inbound marketing, business-based blockchain platform with an inherent entrepreneurial spirit, we have all the tools to get our message out to the whole world. We have a social media interface with a collaborative ethos rarely experienced on legacy social media.
We are starting to see new integrations in the blogging section in preparation for the customized, more intuitive interface and dashboard of Markethive and, of course, the Markethive Wallet that will facilitate the Merchant accounts for members as well as personal transactions, the Vault, etc.
The new-look Blogcasting Hub is located at the top of all blogs in the system. Blogcasting is a term introduced by Markethive and is an enhanced broadcasting system. In the traditional broadcasting sense, only the people who physically subscribe to your blog or newsletter are usually notified of your updates via email.
With this blogcasting system, your social networks are informed of your blog as and when you publish them. What this means is the potential reach is into the millions. Read More
Bitcoin Miner Using Paraguay Itaipu Dam to Power Its New Facility
Sazmining President Kent Halliburton thinks the surplus of hydroelectric power and low costs could make Paraguay "the new Texas" for Bitcoin miners.
Bitcoin mining company Sazmining has opened its newest 100% renewable energy facility in Paraguay.
The company operates customer-owned Bitcoin mining rigs on their behalf, taking a 15% commission for the service. Its new facility will get power from Itaipu Dam, the country’s largest hydroelectric dam. Located on the border of Paraguay and Brazil, the structure has earned itself the Guinness World Record for most expensive object on earth, costing a whopping $27 billion to build in 1984—or $35 billion if you adjust for inflation.
Sazmining President Kent Halliburton told Decrypt that due to Paraguay’s unique hydropower generating dynamics, it was selling 5 Gigawatts of power at a loss to its neighbor, Brazil. That’s why local authorities and communities embrace the company's presence, he said. Read More
Salvadoran Vice President Felix Ulloa: Bitcoin Adoption Fueled El Salvador's 'Rebirth'
The Salvadoran vice president, Felix Ulloa, has given his opinion about the relationship between the “rebirth” of the country and the adoption of bitcoin as legal tender in a recent interview. For Ulloa, bitcoin has been an important factor, alongside others, in this revamp of El Salvador, drawing crypto-related investments and tourists to the country.
Salvadoran Vice President Felix Ulloa: Bitcoin Enthusiasm Attracted Investors
The Salvadoran vice president Felix Ulloa linked the positive developments in the country’s economy and the adoption of bitcoin as legal tender. El Salvador became the first country to adopt bitcoin as legal tender back in 2021, under the guidance of Salvadoran president Nayib Bukele.
While some multilateral organizations like the International Monetary Fund (IMF) questioned this, heavily criticizing Bukele’s actions and calling on the country to drop the plan, Ulloa stresses that this has had a positive effect on the country. Read More
Cardano Creator Charles Hoskinson Says Game of Crypto vs. CBDCs Now Underway – Here’s What He Means
Cardano (ADA) creator Charles Hoskinson says that the real battle in digital assets is now between cryptocurrencies and central bank digital currencies (CBDCs).
In a new Coin Bureau interview, the chief executive of Input Output Global warns of the dangers of CBDCs and extols the key principles of decentralized crypto.
“It’s not a game of Ethereum versus Cardano versus Algorand versus Solana. If you think that that’s the game, we’ve already lost.
The game is crypto versus CBDCs. That’s the game. You know, there’s social credit and CBDCs for 1.2 billion people in China. It’s coming, and it’s already rolling it out. They already have a social credit to decide whether you get to ride the train, or get your passport or not. Well, it’s very trivial to say, ‘We’re going to put that on your money now.’
And there are so many people in the ESG (environmental, social and corporate governance) movement that say, ‘Hey, you’ve already filled up your car once this week, so we’re not going to let you buy gasoline until next week.’ They’re writing memos about how the single best way of preventing climate change is incentivizing climate-friendly behaviour through the money system. Read More
Lightning Labs releases Taproot Assets alpha, bringing stablecoins to Bitcoin
Taproot Assets is “how we bitcoinize the dollar and the world’s financial assets,” says Ryan Gentry, director of business development at Lightning Labs.
Bitcoin layer-2 infrastructure firm Lightning Labs has released the mainnet alpha of Taproot Assets, a protocol aimed at enabling stablecoins and real-world assets to be issued on the Bitcoin and Lightning Network.
The current version, Taproot Assets v0.3, will provide a “feature-complete developer experience” to issue, manage and explore stablecoins and other assets on the Bitcoin blockchain, according to Ryan Gentry, head of business development at Lightning Labs.
“We believe this new era for Bitcoin will see a myriad of global currencies issued as Taproot Assets, and the world's foreign exchange transactions settled instantly over the Lightning Network.”
“With this release, developers can issue financial assets on-chain in a scalable manner,” Lightning Labs stated on Oct. 18 in a separate post. “Today marks a new era of multi-asset bitcoin.” 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.
