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Mastercard CEO Says Credit Card Giant Working With Binance To Enable Customers Make Crypto Payments
The chief executive officer of Mastercard says that the credit card giant is teaming up with digital asset exchange Binance to boost crypto payments for everyday purchases.
CEO Michael Miebach says that financial services company is working with the world’s largest crypto exchange by volume to enable people to use their digital coins when purchasing from stores that accept Mastercard.
“We can unlock the full potential of blockchain technology when we make it easier to access + easier to use. One way we do that is by bringing crypto to everyday purchases.”
Miebach’s statement comes as Mastercard and Binance launch the Binance Card in Argentina.
The card will allow Binance users in the country who have completed identity verification and with valid national ID to make purchases and pay bills with cryptocurrencies, including Bitcoin (BTC) and Binance Coin (BNB).
As previously stated by Mastercard in a press release,
“Users can enjoy a seamless transaction in which their cryptocurrencies are converted to fiat currency in real-time at the point of purchase, as well as earn up to 8% in crypto cashback on eligible purchases and enjoy zero fees* on ATM withdrawals.” Read More
How Are NFTs Stored? On-Chain, Off-Chain and Decentralized Storage
The data that makes up the content of NFTs needs to be stored somewhere—but not all NFT storage techniques are created equal.
Non-fungible tokens (NFTs) are, ultimately, a form of digital media. And just like other digital media—from the words written in Decrypt articles to YouTube videos and streamed music—NFTs, in their most basic form, consist of data made up of 1s and 0s.
That’s important because everything associated with the NFT—from the smart contract it lives in to the URL you use to view it to the image itself—ultimately boils down to 1s and 0s that are stored on a computer.
Not all NFT storage techniques are created equal, however. Indeed, some NFT holders may not own much more than a URL or token ID. So it's worth taking the time to understand how NFT storage works before you think about buying or making an NFT. Read More
Web3 gaming company staffed by industry veterans unveils very first project
An independent Web3 gaming company led by industry veterans will launch their first game next year — and they're bullish on the benefits that blockchain will bring.
An independent Web3 gaming company has unveiled its very first project — and is vowing to offer an immersive, powerful experience for players.
Digital Insight Games says its debut title will be known as Cloud Castles. It's scheduled to be released in 2023 — and promises to blend beloved elements from role-playing games with cutting-edge real-time strategy and tactics.
In lush battlegrounds rendered in stunning detail using the latest technology, including Unreal Engine 5, Cloud Castles will give gamers the chance to collect and evolve fantasy creatures, and deploy them in fast-paced battles.
Of course, a key tenet of Web3 is the ownership of in-game assets — and for this reason, blockchain technology will be used so players have full control of everything they acquire, collect, modify, build and achieve. Read More
Solana Now Has a Beer—With DeGods, Okay Bears and Other NFTs on the Can
A product of barrelDAO, Solana Summer Shandy beer features NFT avatars from the biggest projects on SOL.
Solana Summer Shandy is a new beer from barrelDAO, a community-governed brewery.
The cans feature imagery from numerous Solana NFT projects, and the packs are sold through redeemable NFTs.
There’s a Solana smartphone, and a Solana IRL store—and now a Solana beer.
Solana Summer Shandy just dropped today, but unlike the recently-opened store and upcoming smartphone project, this alcoholic lemonade shandy beverage doesn’t hail from the Solana Foundation or its core network contributors, Solana Labs.
Instead, the beer is the creation of barrelDAO, a brewery and distillery that is governed by users. Solana Summer Shandy is being released in limited quantities: just 333 total 16-packs of beer, each represented by a Solana NFT that can be purchased today and then redeemed starting Monday to receive the beer.
BarrelDAO intended to launch the sale earlier this afternoon on the top Solana NFT marketplace, Magic Eden, but as of publication was apparently still sorting through issues with the drop. Each 16-pack sells for 1.35 SOL, or nearly $45 at present, and that price includes shipping to the United States, United Kingdom, and Australia. Read More
HVC is poised to triumph in the crypto economy.
Markethive is a monolithic blockchain project currently operating as a social network, an entire inbound marketing platform with email, blogging, and digital media capabilities that broadcast to the vast internet. It’s a complete Market Network and the first of its kind.
Markethive is predominantly a free system where users can access a platform that can cost more than $2,500 offered by other marketing platforms. There are, of course, upgrades that open up more tools and monetization opportunities, the first being the Entrepreneur One Loyalty Program, and coming soon is the Premium Upgrade.
The many domains Markethive has and its autonomous cloud systems that ensure its sovereignty and longevity make it untouchable and immune from the tech giants’ rule and biased agenda. But can still remotely infiltrate the social media platforms and reach the multitudes either locked in or looking for an alternative meritocratic medium.
In other words, wherever you go, Markethive is there, anywhere and everywhere, delivering its message via its community of entrepreneurs to a far-reaching audience. This next-generation social market media is poised in the wings, and when the time is right, it will emerge as a shining light to lift people up and bring financial sovereignty and hope in this gloomy and uncertain world.
The video platform, conference rooms, the unique four specific news feeds currently in development, and many other projects and incentives add to the credibility and need for an ecosystem in the social media and digital marketing space. Read More
What is a seed phrase and why is it important?
A recovery phrase (also called a seed phrase) is a group of random words generated by the cryptocurrency wallet that allows users to access the crypto stored within.
One can consider it as a wallet comparable to a password manager for crypto, and the recovery phrase is similar to the master password. It grants access to all of the crypto linked with the wallet that created the phrase — even if it's deleted or lost — as long as the recovery phrase is available.
A seed phrase aids to recover a cryptocurrency wallet when a user forgets their password. The seed phrase can be said to be a crypto wallet’s master key. For example, when a hardware wallet and lost or deleted wallet from the computer, it can easily create a new wallet and use the seed phrase, which will recover cryptocurrencies held in the wallet. Read More
Blockchain audits: The steps to ensure a network is secure
In order for blockchain firms to truly validate their internal security protocols, they need to be audited thoroughly. Here’s a brief rundown of how the process goes.
The last few years have seen blockchain platforms becoming the centrepiece of many tech conversations across the globe. This is because the technology not only lies at the heart of almost all cryptocurrencies in existence today but also supports a range of independent applications. In this regard, it should be noted that the use of blockchain has permeated into a host of novel sectors, including banking, finance, supply chain management, healthcare and gaming, among many others.
As a result of this growing popularity, discussions pertaining to blockchain audits have increased considerably, and rightly so. While blockchains allow for decentralized peer-to-peer transactions between individuals and companies, they are not immune to issues of hacking and third-party infiltration.
Just a few months ago, miscreants were able to breach gaming-focused blockchain platform the Ronin Network, eventually making their way with over $600 million. Similarly, late last year, blockchain-based platform Poly Network fell victim to a hacking ploy that resulted in the ecosystem losing over $600 million worth of user assets.
There are several common security issues associated with current blockchain networks. Read More
Coming Soon: The Cardano Hard Fork
Cardano Founder Charles Hoskinson says the Vasil Hard Fork is set for September. “We’re not quite over the finish line.”
The Ethereum Merge may be right around the corner—but so is Cardano’s Vasil hard fork.
Cardano is a peer-reviewed proof-of-stake blockchain which supports smart contracts and NFTs, and aims to solve global challenges surrounding identity management. Its token ADA is the No. 8 cryptocurrency by market cap, according to CoinMarketCap data.
In a livestream on Friday, Cardano founder Charles Hoskinson shared a brief update on the Vasil hard fork, named after a Cardano evangelist and mathematician, Vasil Dabov, who recently died.
“Extensive testing is still being done,” Hoskinson said. He shared technical details surrounding the hard fork’s progress, including a number of bugs he’s aware of that will need fixing.
Cryptocurrency hard forks occur when participants on a blockchain network agree to upgrade their software to a new version more or less simultaneously. It’s a major upgrade compared to a soft fork, which is typically less time-intensive and allows network participants to slowly update their software over time. Read More
Why interoperability is the key to blockchain technology’s mass adoption
Interoperability enables blockchain networks and protocols to communicate with each other, making it easier for everyday users to engage with blockchain technology.
Every year, we see new blockchain networks being developed to tackle specific niches within certain industries, each blockchain having specialized functions based on its purpose. For example, layer-2 scaling solutions like Polygon are built to have ultra-low transaction fees and fast settlement times.
The increase in the number of new blockchain networks is also a result of the recognition that there is no one perfect solution that will be able to meet all of the needs associated with blockchain technology all at once. Therefore, as more organizations become aware of this rising technology and its capabilities, the interconnection of these unique blockchains is becoming necessary.
Blockchain interoperability refers to a wide variety of methods that enable many blockchains to communicate, share digital assets and data and work together more effectively. This makes it possible for one blockchain network to share its economic activity with another. For example, interoperability allows transmitting data and assets across different blockchain networks via decentralized cross-chain bridges.
Interoperability is not something that most blockchains have because each blockchain is built with different standards and code bases. Since most blockchains are naturally incompatible, all transactions must be done within a single blockchain, no matter how many features the blockchain might have. 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.
