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How crypto can be used in classrooms — and deliver financial literacy
When done right, crypto can be used to show children how to be responsible with their money — and help them discover the value of hard work.
There are efforts being made to change the status quo. Educational, blockchain-based initiatives are allowing courses created by teachers to be co-published in NFT form. Revenues can then be used to create even more resources. Through these courses, students can now be confident in navigating Web3 financial structures, wallets, and the metaverse. Child-safe crypto wallets are also being launched that parents can actively monitor — allowing youngsters to navigate the sector safely, yet independently.
The importance and value of real-life situations being replicated in the classroom is paramount. And there are ways to add a compelling extra dimension to all of this. What if teams of students had to work together to decide how virtual tokens should be spent?
The concept of digital ownership is absolutely vital for the oncoming world of decentralized economies, especially as future generations will be more likely to manage their wealth instead of giving this control to banks and centralized exchanges. Future generations have the right to know how to be smart with their money early. And if the concept of blockchain clicks with them at an early age, they'll have the time and the opportunity to prepare themselves for a prosperous career. Read More
Artist Royalties Are Among ‘Most Compelling Features of Crypto’: Zora Co-Founder
Jacob Horne expressed concern about the NFT market heading toward zero royalties on the latest episode of the gm podcast.
Royalties in the digital art market have become a hot-button topic since several NFT marketplaces, including LooksRare and Magic Eden, made paying royalties to artists optional.
If you ask Jacob Horne, co-founder of the NFT and DAO platform Zora, things are headed in the wrong direction.
"Royalties were one of the most compelling features of crypto to artists coming into the space," Horne said on the new episode of Decrypt's gm podcast. "Because that's been such a long-standing problem in the traditional art world or music world or any creative art form."
Horne pointed out most NFT marketplaces are likely heading to a zero-royalty policy in 2023, a move that, while pleasing many buyers, could harm digital artists’ ability to make a living with their work.
NFTs or non-fungible tokens prove digital ownership on blockchain and provide a tamperproof record of digital asset transactions. NFTs are most commonly attached to digital art but can be linked to other digital media like movies, music, TV shows, or real-world assets. Read More
Paxful to Drop Ethereum Trading Due to Increased Centralization and Consensus Mechanism Pivot
Paxful, a New York-based, peer-to-peer cryptocurrency exchange, has announced that it will drop Ethereum from its platform. The announcement was made via email, and then using social networks, by Paxful’s CEO Ray Youssef, who stated that the changes the token has undergone recently have changed it into a “digital form of fiat.”
Youssef explained that one of the first reasons behind this action has to do with the pivot that Ethereum executed, changing from a proof-of-work consensus mechanism like the one Bitcoin also implements, to a proof-of-stake mechanism. Youssef explained that proof-of-work is the “innovation that makes Bitcoin the only honest money there is.”
Another reason behind the decision has to do with the increased centralization of Ethereum after this consensus change. Youssef stated that Ethereum is currently managed by a small group of people and that it will become a permissioned network eventually. Read More
SharDex, the first all-in-one decentralized exchange in the Shardeum ecosystem, is launched, and testnet airdrops may be released
SharDex, the first all-in-one decentralized trading platform on Shardeum, announced that it will launch on testnet and release an airdrop soon.
SharDex is a brand-new decentralized trading platform launched on the Shardeum blockchain that aims to provide users with the best on-chain asset trading experience. It provides a group of asset management solutions, including Bridge, Swap, NFT Marketplace, Launchpad, DAO etc. These functions help users transfer assets from other chains to Shardeum and exchanged them for other assets with an easy-to-use, secure and affordable path.
SharDex officially stated that “we deeply agree that Shardeum is a blockchain that truly advocates decentralization, scalability, and security. They are open, collaborative, and community-driven. This is without a doubt our value proposition as well. We believe the future of blockchain needs faster TPS, richer products, and of course, a trustworthy and entrusted decentralized exchange.” Read More
What Does The Wallet Do? What Does It Mean For You?
The launch of the Markethive wallet is approaching, so it’s time to start beating the proverbial drum. It is the start of an exciting time with the advent of many integrations to follow the release of the wallet that will bring Markethive into prominence as an unprecedented platform. The combination of inbound marketing, social media, digital broadcasting, video, conference rooms, e-commerce, gamification, etc.
Markethive is a blockchain-driven crypto economy, all-inclusive, with a distributed database system required for this decentralized, monolithic global project. We’re almost there with the release of the wallet that will initiate entrepreneurial sovereignty and open the floodgates of this divine enterprise with its plethora of systems and services, including the new interface and dashboard.
We now have a complete working wallet with the Solana Network, and we also have a fully functional crypto merchant account. The Markethive wallet is being polished with the finishing touches, keeping mindful that it’s not just a simple wallet but a comprehensive, dynamic engine centralized for you that powers your platform and business.
Markethive is fundamentally a sophisticated inbound marketing and storefront platform, integrated with a social network, and not just another social media platform you see popping up to counter the media tech giants we’ve come to know as oppressive, censoring you and using your personal data for their own gain. Read More
Leading Decentralized Exchange Uniswap (UNI) Launches Payments With Credit Card and Bank Transfers
Decentralized finance (DeFi) platform Uniswap (UNI) is announcing that users can now buy cryptocurrencies on its web app using credit or debit cards and through bank transfers.
The leading decentralized cryptocurrency exchange (DEX) is rolling out support for the new payment methods in partnership with MoonPay, a fintech company that builds payment infrastructure for crypto.
“Now you can go direct to DeFi with the Uniswap Web App and buy crypto on our web app using any card or bank transfer in 160+ countries with our first partner, MoonPay.”
The availability of payment options varies depending on the region. Bank transfers, for instance, are only available for users in most of the US, Brazil, Single European Payments Areas (SEPA) and the UK. Read More
A decentralized finance (DeFi) stablecoin project is gearing up for its debut on the Cardano (ADA) blockchain early next year.
In a new interview with Learn Cardano Podcast host Peter Bui, head of COTI (COTI) Shahaf Bar-Geffen lays out what’s ahead for the Djed stablecoin project starting in January.
“We kind of like lay the groundwork for Djed by signing over 40 partnerships with everything from all major DEXs [decentralized exchanges] to trading protocols, NFT [non-fungible token] marketplaces, launch pads, you name it. Now we’re going to execute on all of these partnerships.
So we’re going to start with selected DEXs. I think there’s going to be like three of them that we’re launching with. And they’ll be part of the launch process. They’ll give users substantial farming rewards for building liquidity. And we’re going to start there and then gradually roll out to all of these platforms.”
He says Djed Pay will also launch after the launch of the stablecoin, bringing more DeFi activity to the Ethereum (ETH) rival blockchain. Read More
Virtual Money Is Regulated In Alaska
In accordance with Alaska's legislation governing the transfer of money, the phrase "virtual currency" will be implemented on January 1, 2023.
Companies that deal in virtual currencies will be required to get a money transmission license in the state if this bill is passed.
To be able to do business in the state involving cryptocurrency, the enterprises will need to get a new kind of license.
As stated in a report published on December 19 by the legal firm Cooley, the state of Alaska recently modified its legislation governing the transfer of money to include a description of virtual currency.
A person who engages in money transmission activities involving virtual currency will be required to submit an application for a license, as stipulated by an amendment to the local Administrative Code that was adopted by the Division of Banking and Securities (DBS). This change will become effective on January 1, 2018. The most obvious impact of this change is that it will require a person to submit an application for a license.
The concept of monetary value and the types of investments that are allowed under the amendment will be expanded to include virtual currency, in accordance with other provisions of the amendment. Read More
3 Reasons Why Bitcoin Is Better Than CBDCs
Bitcoin is a decentralised network that allows anyone to transact with anyone else. CBDCs are issued by a central bank and have controls built into them. Bitcoin offers freedom while CBDCs offer total control.
There is much at stake as world economies look for a way out of the desperate plight that a fiat-backed monetary system has driven them into. Central banks believe that their own digital currencies will put economies back on track. Here are 3 reasons why Bitcoin is eminently preferable.
decentralised control is a key feature of Bitcoin and other decentralised digital currencies. In a decentralised system, control is distributed among multiple parties rather than being concentrated in a single entity. This means that no single entity has the power to make decisions or exert control over the system.
In the case of Bitcoin, decentralised control is achieved through the use of a decentralised network of computers, known as nodes, which validate and record transactions on the blockchain. The blockchain is a decentralised, distributed ledger that records all transactions made on the Bitcoin network. Each transaction is recorded on the blockchain in a block, which is then added to the chain of blocks that make up the blockchain.
Because the blockchain is decentralised and distributed, it is not controlled by any single entity. 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.
