x
Non-fungible tokens are a booming industry, as numerous projects continue to gain traction quickly. Mythical Beings, a mythology-oriented NFT collection, is one of the projects that seem to fly under most people's radars. It is a bit surprising, considering how the card packs are very accessible and affordable, and its overall volume is seemingly on the rise. Read More
Blockchain Australia says gov’t still dismissing industry as a ‘wild west’
The industry body has accused the government of leaning into narratives about malicious actors and scams rather than engaging with the blockchain space to establish fit-for-purpose regulation.
Blockchain Australia, an association representing the local crypto industry, has warned that the country has fallen behind on the regulatory front due to the undue persistence of a dismissive “wild west” narrative.
The association has been proactive in its engagement with the state in recent months as the government continues to review the future of blockchain and fintech and regulation in the country. Read More
Alchemy Pay to launch virtual crypto cards with Visa and Mastercard support
Crypto payment firm Alchemy Pay is planning to roll out a crypto-linked virtual card that is accepted on the Visa and Mastercard payments networks.
The new cards can be linked to Google Pay and PayPal digital wallets and make payments across the Mastercard and Visa networks, as well as popular e-commerce platforms such as Amazon and eBay.
According to the announcement, Alchemy Pay has already completed the product’s development and launched beta testing in multiple key markets. The firm expects to proceed with a full roll-out of the new product at the end of 2021 or early 2022. Read More
How Does Markethive Create Token Velocity?
Tokens are a representation of a particular asset or utility. It usually resides on top of another blockchain. Generating a token does not require creating a blockchain from scratch. They are fundamentally made possible through a smart contract and are created to fund project development or start-up company as is the case with the Markethive ILP. (Incentivized Loan Program). Read More
Cardano Testnet Now Supports Smart Contracts With Rollout of Critical Alonzo Update
Input Output Hong Kong (IOHK) says it is gearing up to roll out the final phase of Cardano’s Alonzo update, which will bring smart contract capabilities to the world’s fifth-largest crypto by market cap.
The Cardano developer tells its 145,000 Twitter followers that the Alonzo Purple testnet is up and running and is undergoing an onboarding process. Read More
Brazil Launches Its First Eco-Friendly Bitcoin ETF (BITH11)
Brazil has launched its first Green Bitcoin ETF, the BITH11. Now it has 4 crypto-related ETFs available in the stock market.
Brazil continues to make progress in creating new investment opportunities related to cryptocurrencies. This week, it launched a brand new Bitcoin ETF —with a green twist.
Under ticker BITH11, the Hashdex Nasdaq Bitcoin Reference Price replicates the performance of the Nasdaq Bitcoin Reference Price Index.
This would, in turn, be the second ETF available in Brazil offering 100% exposure to Bitcoin, competing against the QR CME CF Bitcoin Reference Rate or QBTC11 that was also recently approved. Read More
Decentralization Empowering People
We live in an increasingly interconnected world with 4.66 billion people connected via the internet. We pay each other, share data, and communicate with each other within seconds. This is all seemingly wonderful, but the truth is we are not connected with each other. Instead, we are connected to centralized multinational companies and data merchants we are forced to trust with everything we do.
It’s a scary reality that most people are living in today; however, decentralization is the future. The transition from centralized platforms to decentralized ones is going to be the most profound and disruptive change we’ll ever see in our lives. Read More
Indonesia’s Pintu Crypto Exchange Raises $35M in Extended Series A, Led by Lightspeed Venture
Indonesia-based cryptocurrency exchange Pintu announced the company had completed an extended Series A funding round by raising $35 million, led by Lightspeed Venture Partners, citing multiple sources. Read More
DeFi Deep Dive — UMA, Cutting Middlemen Out of Derivatives Markets
Introducing the cost of lawyers and financial advisors has always represented a high barrier to entry to financial markets. With the help of smart contracts and oracles, the UMA project aims to bring that barrier down.
Unlike meme coins that are created for the sole purpose of riding the whimsical waves of social media, DeFi protocols are seeking to leave behind the enduring value. As permissionless, decentralized finance continues to evolve, it can tap into existing financial markets.
UMA represents the latest evolution of the DeFi space, creating tools to participate in the derivatives market worth over $540 trillion. Read More
Decentralized Storage Network Storx Reaches a Milestone of 2.7 PB Storage Capacity
As a matter of utmost importance, decentralized cloud storage StorX has achieved a 2.7 PB storage capacity milestone. Amazingly, StorX achieved this ground-breaking record in a little over a month of its launch. Notably, other blockchain-based cloud storage providers took months to accomplish the same. StorX gives credit to its storage node partners for playing a pivotal role in attaining the 2.7 PB storage capacity. Read More
Elrond Leads Sustainable Innovation in European Blockchain
Elrond is leading a new wave of highly scalable and energy-efficient blockchain innovation. The company says that it has become carbon negative by offsetting more CO2 than its network accounts for. This is a revolutionary milestone to bringing sustainability to blockchain innovation. Read More
Cardano Gets Approval for Listing on Crypto Exchanges in Japan
Crypto investors in Japan can look forward to buying and selling Cardano as the fifth-largest crypto asset gets the green light for listing on exchanges operating in the country.
Sebastien Guillemot, the former executive of Cardano-founding entity EMURGO, says that getting ADA’s regulatory approval is no easy feat due to Japan’s “strict” rules involving the listing of cryptocurrencies on the country’s exchanges. 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.
