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How Blockchain is Disrupting the Ride-Hailing Industry
There has been an increasing number of companies using the technology to solve real problems. Big corporations are starting to warm up to the idea of having their businesses run on a Distributed Ledger Technology (DLT). Big firms in the Healthcare, Pharmaceutical sectors, and Financial Services have been early adopters of this technology and it has proven to be the right decision for these companies as blockchain technology offers more positives than negatives.
An industry that is now seemingly experiencing the disruptive nature of blockchain technology is the ride-hailing industry. It is a known fact that ride-sharing and ride-hailing applications have taken over traditional taxi services all over the world. In 2020, the global ride-hailing market was at $42.25 billion and it is expected to grow from that figure to $56.87 billion in 2021 at a compound annual growth rate (CAGR) of 34.6%. According to Businesswire, by 2025, the market is expected to reach $108.15 billion at a CAGR of 17%. Read More
Brett McLain from Kraken Explains how Digital Asset Firm Extensively Tests Products Before Offering them to Clients
When Kraken launched 10 years ago, only three cryptocurrencies had been supported: Bitcoin (BTC), Litecoin (LTC), and XRP. Today, Kraken supports 82 crypto-assets on 33 different blockchain networks, and staking services for 8 virtual currencies, McLain wrote in a blog post.
In order to facilitate the millions of deposits, withdrawals, and staking transactions a year at Kraken, the crypto engineering team “operates hundreds of services to ensure the smooth flow of funds in and out of the exchange,” McLain explained. Read More
Miami Set to Launch Its Own Cryptocurrency, Reward Users in Bitcoin
The coin will allow investors to earn rewards while supporting the city, according to the team behind the project.
MiamiCoin will be the first CityCoin released. CityCoins is a project that allows people to invest in a city by buying tokens. It works with local governments so those who invest are rewarded in Bitcoin or Stacks, the native cryptocurrency of the eponymous protocol used to build things on the Bitcoin blockchain.
“MiamiCoin provides an ongoing crypto revenue stream for the city, while also generating STX and BTC yield for $MIA holders,” the CityCoins website reads. Read More
Democratizing the luxury economy: How NFTs empower artists and creators
Non-fungible tokens, or NFTs, are the world’s first digital Veblen goods, even though they may require the suspension of disbelief among traditional economists, digital numismatists, and the collectors of life’s rarer things.
NFTs represent a booming marketplace of more than $2 billion and growing, just in the first quarter of 2021. NFTs are also getting blockchain back to its original promise of democratization and digital scarcity, creating another multi-billion-dollar segment like esports, online gaming, and the lucrative business of digital consumables or in-app purchases. Content creators in the internet era have long suffered from an insidious socialization of their creativity and intellectual property along with a privatization of gain—typically at the hands of often usurious publishers, producers, or auction houses. The rapidly evolving NFT market is changing these dynamics. Read More
How cross-chain liquidity aggregation can shape the future of DeFi
What will ease the burden of DeFi users and remove some of the barriers to entry for newer market participants? This project sees the future of DeFi as a multichain co-existence.
As decentralized exchanges now represent a significant amount of crypto trading volume, it is vivid that these platforms will play a big role in the smart economy of the future.
Automated market makers, in particular, changed the game by eliminating the need for order books entirely and replacing them with liquidity pools. This model was a win-win for both traders executing swaps and liquidity providers incentivized to supply their tokens and earn fees from traders. Read More
Markethive is determined to take a large share of the new Market Network next-generation following the Social Network phenomena. That Market Network is defined as a platform that is integrated with a social network (like Facebook), SAAS tools (like GoToMeeting, ZOOM, and Google Apps) commerce platforms (like eBay, Freelancers, Coinbase, Alibaba).
Markethive has created its consumer coin, Hivecoin (HIVE), originally named MHV, as an instrument to their Ecosystem for Entrepreneurs. So Markethive will establish its niche as the only social (Market) Network with an infinity Airdrop and a system that rewards the users for using it with additional micropayments, otherwise known as a Faucet. Read More
Third Generation ESG Blockchain Telos is On The Rise; Interview with Michael Anastasi
Telos is a mass adoption, open finance network that allows projects to build better blockchain infrastructure. Telos provides the basis for other projects to create their own tokens, NFTs, and Smart Contracts. Over 100 projects have built their blockchain using Telos and it has the fastest and one of the cheapest blockchain platforms that can process more than 10,000 transactions per second. The platform also allows projects to create advanced and transparent voting mechanisms. Promising projects built using Telos have opportunities to generate seed funding from the network to help bring them to the next level. Read More
The future of DeFi is spread across multiple blockchains
As the decentralized space is growing at lightning speed, projects need to adapt to the multichain future or risk becoming irrelevant.
Long stuck in the shadows of Bitcoin (BTC), Ethereum (ETH) finally took hold of the market in 2020 during the decentralized finance summer. Designed to recreate traditional financial systems with fewer middlemen, DeFi is now being used across lending, borrowing, and the buying and selling of tokens. The majority of these decentralized applications (DApps) are run on Ethereum, which saw activity on the network increase during 2020. This activity also trended upwards due to yield farming, also known as liquidity mining, which enables holders to generate rewards with their crypto capital. Read More
Porsche Auctioning Exclusive Design Sketch As NFT
Porsche is giving its fans and customers a unique opportunity between 2nd August and 6th August to purchase an exclusive design sketch by Director Exterior Design. Fans will be able to purchase the design at auction through the US platform, SuperRare. Read More
Aussie crypto exchange CoinJar partners with Mastercard for crypto cards
CoinJar Card will be made available through digital and physical cards and currently supports fiat-like transactions for 30 cryptocurrencies.
Mastercard has been making headlines consistently as it ramps up efforts to offer crypto services across the globe. In a new partnership with CoinJar, Mastercard will enable the Australian market to spend cryptocurrencies within its fiat infrastructure. CoinJar’s blog post highlighted that the newly launched CoinJar Card will allow users to make purchases in crypto “wherever Mastercard is accepted.” Read More
Bitcoin Mining Will Be Fully Renewable by 2030, Says Anthony Scaramucci
SkyBridge Capital and MOSS Earth joined forces to buy and retire 38,436 tons of CO2 – an amount aiming to offset Bitcoin’s network carbon footprint.
The global investment firm – SkyBridge Capital – partnered with the climate tech company – MOSS Earth – to purchase and respectively retire tokens representing nearly 40,000 tons of CO2. The move would aim to offset the carbon footprint of the Bitcoin network. Read More
Singapore Regulator Allows Crypto Exchange to Offer Digital Payment Token Services
Singapore has taken another step towards securing its position as the region’s fintech hub with the in-principal regulatory approval of digital token payment services for a crypto exchange.
The Monetary Authority of Singapore (MAS) has granted an “in-principle approval” to cryptocurrency exchange Independent Reserve allowing it to operate as a regulated provider for digital payment token services. 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 other advice.
