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Mental health support prime for decentralization, say academics
A shortage of mental health services in the future could be solved with a Web3-powered mental health support network, suggests academics.
Decentralized mental health services could be the answer to the looming shortage of mental health professionals, according to professors from John Hopkins University based in Baltimore.
Speaking to Cointelegraph, Johannes Thrul from the John Hopkins School of Mental Health postulated that the mental health support sector could take a page from decentralized autonomous organizations (DAOs) by offering support services in a decentralized system.
Thrul authored a July 22 academic paper looking into “Web3 and digital mental health,” envisioning a decentralized peer support system that relies on “individuals with lived experience” to provide help “based on their expertise in managing their own conditions.”
Thrul said the system would work by using a “crypto token tied to the community,” which would be rewarded to those that “make positive contributions to the community” such as helping someone overcome a mental health issue in a peer support environment. Read More
Ethereum Name Service Domain Registrations Hit All-Time High as Merge Approaches
More than 1.8 million ENS Domain names have been registered, and adoption by non-English speaking communities are rising.
Ethereum Name Service domain ownership surpassed 1.8 million names, with 378,000 new .eth registrations in July alone, according to ENS Domains.
The surge in registrations comes as the Ethereum community prepares for the upcoming merge next month, which will switch the top blockchain for dapps, DAOs, and NFTs from a proof-of-work consensus algorithm to proof of stake.
In the tweet announcing the record number of registrations, ENS Domains said it saw 5,400 ETH (around $8.8 million) in revenue and 48,000 new Ethereum accounts using at least one ENS name, plus more than 99% of the domain sales volume on OpenSea last month.
While the merge may play a role in the increased activity, Khori Whittaker, Executive Director of True Names Limited, the company behind ENS Domains, believes the surge is more organic.
"There is an extremely active and passionate ecosystem of ENS advocates, and they are independently and organically creating sub-communities and spreading the word about what's possible with ENS domains," Whittaker told Decrypt in an email. Read More
Binance US Delists Crypto Token 'out of an Abundance of Caution' After SEC Says It's a Security
Binance’s U.S. platform is delisting crypto token amp after the Securities and Exchange Commission (SEC) declared it a security. Another crypto exchange, Coinbase, disagreed with the regulator, arguing that the token is not a security.
Binance Delists AMP ‘out of an Abundance of Caution’
Binance’s U.S. exchange (Binance US) is taking action to ensure that crypto tokens the U.S. Securities and Exchange Commission (SEC) has declared to be securities are not listed on its platform. The SEC recently said in a lawsuit against a former Coinbase product manager that nine crypto tokens are securities. They are AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, and KROM.
Binance US explained:
In its suit, the SEC named nine digital assets that it alleges are securities. Of those nine tokens, only amp (AMP) is listed on the Binance.US platform.
“Out of an abundance of caution, we have decided to delist the AMP token from Binance.US, effective August 15, 2022,” the crypto exchange announced Monday. Read More
Why the Inevitable Crypto Winter May Not Be As Bad as It Sounds
The crypto bear market is finally here, and all-time highs look ever more like distant sweet dreams. Bitcoin (BTC) is down over 70% from its highs, Ethereum (ETH) by almost 80% and so is virtually every other coin.
The DeFi (decentralized finance) space has also taken a hard hit with the Luna UST meltdown and the withdrawal issues of Celsius Network – among many other things. Worst of all, it’s nowhere near over yet. Raging inflation means that the Federal Reserve will further increase interest rates, crashing the market further.
Among it all, the total value locked (TVL) in DeFi protocols has fallen from its all-time high of $254 billion, back at the beginning of December 2021, to the current just around $90 billion. Taken at face value, the situation looks catastrophic but that’s far from the whole picture. Despite all the expected market turbulence, there is still a lot to be optimistic about.
In fact, upon further analysis, the decrease in TVL is caused mainly by the decrease in market prices and not because users are exiting the protocols. For instance, on a good day, around 500,000 people use the Ethereum network daily – which is around the same amount as exactly one year ago. DeFi projects are still drawing interest, no matter the market turmoil. Read More
Innovations that will change the way we work and interact online.
The Markethive Social Market Broadcasting Network becomes more prominent daily as the blockchain-driven ecosystem for entrepreneurs with a non-adversarial, bi-partisan free speech ethic and the collaborative culture we rarely see on social media platforms today. Even the newer acclaimed, free speech platforms are partisan to the left or right and deal with de-platforming and boycotts from payment providers.
Unlike the social media giants, which only have one primary news feed algorithmically set by the central authorities, Markethive is integrating four news feeds to accommodate the multi-functional platform within the Markethive ecosystem.
The individual feeds are General, Video, Blogging, and Content Curation, and they are all accessible from the main page and can be algorithmically set by the individual user. The scope that Markethive has is enormous as it integrates all the vertical systems of the other platforms under one roof.
Social + Video + Blogging + Marketing + Curation + Broadcasting + Affiliate + Gamification + Cottage Businesses = Markethive: A Powerful Blockchain-driven Ecosystem
There is nothing out there like Markethive. We are an Inbound Marketing (automated marketing platform) like Marketo, Paragon, and even the wannabee MLM Onpassive platform. We are like Youtube, Instagram, LinkedIn, Twitter, etc., but will be superior to these legacy Web 2 media when we release all the aspects and layout of Markethive 2.0.
We have a dynamic social media interface and growing community with a strong collaborative ethos, with SaaS and broadcasting capabilities already operational. We are not waiting for the launch to access the services; they are already there for you to use to help you facilitate your business and increase your reach and following.
Markethive is enhancing and bringing the platform into the future internet with our new technology and interfaces, but still in keeping with the human touch. Read More
The Future Is Very Bright for This Ethereum-Based DeFi Ecosystem, Says Host of InvestAnswers
A popular crypto analyst is comparing a decentralized crypto exchange (DEX) to traditional finance (TradFi) marketplaces in an effort to calculate its real-world value.
The anonymous host of InvestAnswers tells his 443,000 YouTube subscribers that he wants to see how the decentralized finance (DeFi) platform Uniswap (UNI) stacks up against two mainstream stock markets as well as the centralized crypto exchange Coinbase.
“Comparing Uniswap to TradFi exchanges. That’s how I do a lot of my valuations. I say, ‘What would it be worth in the real world?’
I pulled up New York Stock Exchange [NYSE], Nasdaq, Coinbase and Uniswap. I took their market caps, took their revenue, and divided market cap by revenue and got different ratios.”
The analyst notes that Uniswap, with a $6.7 billion market cap versus $1 billion in revenue, is nearly twice as pricey as the NYSE based on the metric. While Coinbase currently has a 2:1 ratio of market capitalization to revenue, the host thinks the leading US exchange could face challenges in 2023.
“Uniswap at 6.7 is the most expensive using that very crude metric. Coinbase is actually the cheapest. Things like NYSE and Nasdaq are actually very profitable.
Coinbase could be running into profitability problems and revenue growth problems next year. That’s why it’s getting dinged, apart from all the other bad news and press that it’s getting.” Read More
Charles Hoskinson Anticipates No Further Delays in Cardano’s Vasil Hard Fork
Charles Hoskinson revealed that the team is in the final stages of testing
Cardano’s Vasil upgrade has been delayed for several weeks to ensure a smooth transition for the end users.
But the Input Output Global (IOG) CEO, Charles Hoskinson, believes that things are moving in the right direction, steadily and systematically.
While addressing the pushback of the highly anticipated upgrade in a brief update, the Cardano founder explained,
“Originally, we’d planned to have the hard fork with 1.35.0 and a lot of testing, both internal and community were underway. A collection of bugs were found. Three separate bugs that resulted in three new versions of the software and now we have 1.35.3 which looks like it is going to be the version that will survive the hard fork and upgrade to Vasil.” Read More
Solana NTF Marketplace Magic Eden Is Expanding to Ethereum Blockchain
Leading Solana NFT marketplace Magic Eden, accounting for over 90% of secondary NFT trades on the blockchain network, announced on Tuesday that it is expanding to the Ethereum blockchain.
The expansion would enable Magic Eden to integrate Ethereum NFTs into its platform. The company said that such integration would enable it to provide the same “go-to-market” benefits for Ethereum NFT creators the same way it does for its Solana users.
The platform aims to offer multi-chain solutions for both creators and collectors. This would enable creators to launch NFT projects seamlessly while accessing more liquidity at the same time.
Magic Eden wants to leverage the rapid growth of Ethereum and Solana blockchains witnessed over the previous 18 months to build an ecosystem where the social, cultural and connectivity utilities of NFTs can be shared across blockchains.
Magic Eden's Ethereum entry is designed to offer multi-chain solutions that provide the best experiences, including features such as a popular minting toolkit, whitelist and audience targeting tools, and marketing support to efficiently serve both NFTs creators and collectors. Read More
Blockchain.com Gets Full Approval to Operate Crypto Exchange in the Cayman Islands
Blockchain.com, a cryptocurrency exchange headquartered in London, announced that it had received full regulatory approval from the Cayman Islands Monetary Authority (CIMA) to operate its exchange and clearing house in the Cayman Islands.
Following the approval, the Bahamas-based company said it would begin offering regulated crypto derivatives products and trading services to institutional investors in the Cayman Islands, operate a non-fungible token marketplace, and provide over-the-counter Crypto Brokerage Services.
Blockchain.com's chief commercial officer Lane Kasselman spoke of the development: "The Cayman Islands is a key jurisdiction for us — our parent company is domiciled there, and it is a recognised global financial services hub."
The exchange said that compliance and regulatory approvals would be sought in each regional country, and the company is also committed to developing in countries such as Dubai, Italy, and others.
Lane Kasselman added that:
“The only way to achieve a permanent regulatory framework for crypto is for industry leaders and regulators to work together to ensure consumer protection and investor trust." 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.
