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Aave Launches Web3, Smart Contracts-Based Social Media Platform Built on Polygon
The decentralized finance (defi) lending platform Aave has revealed the launch of a Web3 social media platform called the Lens Protocol. According to the team, Lens is a “Web3, smart contracts-based social graph” that is built using the Polygon blockchain.
Defi Project Aave Drops the Lens Protocol, Platform’s Intent Is to ‘Empower Creators to Own the Links Between Themselves and Their Community’
For quite some time now, decentralized social media has been a Holy Grail to many cryptocurrency advocates. While it is obvious that social media platforms could leverage crypto assets so contributors can utilize micro-payments, blockchain can also be utilized for a decentralized version of censorship-resistant social media ownership. On February 8, the defi lending project Aave revealed the launch of the Lens Protocol, a Web3 social media platform that uses the proof-of-stake (PoS) network Polygon. Read More
Saudi Arabia Medical Institution Implements Blockchain-Based 'Digital Credentialing Solution'
Saudi Arabia’s King Faisal Specialist Hospital and Research Centre recently became one of the country’s early adopters of blockchain technology after it implemented a “digital credentialing solution.”
The Saudi Arabian medical institution, King Faisal Specialist Hospital, and Research Centre, (KFSHRC) recently completed a deployment of blockchain tech when it implemented “a digital credentialing solution” for all residents that use its facilities. The implementation was carried out via the recently launched Blockchain Lab which has already identified several viable use cases for the technology.
As a result of the deployment of this solution, the hospital can now publish digital certificates directly on the blockchain where they can be verified by residents. The deployment of this solution, according to a statement released by the hospital, aligns with Saudi Arabia’s goal of building blockchain know-how as well as the adoption of this technology in healthcare. Read More
Crypto Sector Could see new Rules from Global Regulators
Although regulators have been slow to make a move on the crypto industry, they could come up with a new global framework of rules within months, an official from the Financial Stability Board said.
The FSB groups regulators, central banks, and finance ministry officials from the G20 economies.
Currently, the FSB is examining crypto assets such as Bitcoin and the stablecoin industry to look at what needs to be done.
As crypto assets are wholly either currently banned or free globally, the European Union is approving a set of standards for authorizing and supervising participants in crypto-asset markets, according to Reuters.
Robert Ophele, Chair of France's markets watchdog AMF and a member of the FSB, said regulators were following the "universal basic principle" of the same rules to cover the same risks.
"I do expect that for some of them, we do have international regulatory convergence... primarily stablecoins and digital asset service providers," Ophele told a webinar held by Afore Consulting.
Since crypto-assets did not show any signs of disrupting financial stability, regulators have been slow to take action, but it has become top of the FSB's agenda, Ophele said.
"I do think we could achieve, deliver on these issues in the next few quarters... the FSB is going full steam on this issue," Read More
How blockchain analytics can help combat cryptocurrency crime in the UAE
Chainalysis report shows crypto-based crime hit an all-time high in 2021, with illicit addresses receiving $14bn over the course of the year, up from $7.8bn in 2020
The last 12 months has been a breakout period for cryptocurrencies. In spite of the global economic damage resulting from the Covid-19 pandemic, there was substantial growth in the crypto ecosystem. Many cryptocurrencies went beyond their existing price records, largely driven by the increased demand from institutional investors, alongside significant consumer adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs).
As cryptocurrencies become more widely adopted, their use by both good and bad actors will naturally increase. This is particularly true given their pseudonymous nature and the ease with which they allow users to instantly send funds anywhere in the world. Our data shows the UAE, in particular, received an estimated $25.5bn in on-chain value between July 2020 and June 2021, and the country ranks third regionally in the Middle East for total cryptocurrency value received behind Turkey and Lebanon. Furthermore, DeFi protocols also account for 60 percent of UAE’s on-chain value received between this time period. Read More
Wallet in final draft mode
Staking the Markethive Way
Staying One Step Ahead
Markethive started out as a sophisticated inbound marketing platform with a social media interface harvesting a robust collaborative culture. The entrepreneurs of the Markethive community have been using the free system and tools, promoting their businesses, and branding themselves across the internet with much success.
With the advent of Blockchain technologies, Markethive set its path on an unprecedented journey of combining marketing, social media, digital broadcasting, e-commerce, gamification, etc., with cryptocurrency and decentralized Blockchain, distributed ledger technology. An ongoing project of massive proportion to deliver sovereignty, financial and self, and freedom of self-expression for all equitably, without bias.
Markethive is a Vision from the Divine Source. Its mission is to fill the vacuum for the world's entrepreneurs - To empower and enrich the lives of every individual on every level across the globe. And the timing couldn’t be more perfect as we witness the soul-less destruction, tyranny, and surveillance of humanity gift wrapped and delivered to us as protection and for our own good.
We are building an ecosystem, and there’s an absolute need and use for our coin (HVC) for everything we do; therefore, the potential for the open market to accept and embrace HiveCoin is very promising. Binance has done similar to what Markethive is doing. Read More
RIPPLE SITS ON THE SIDELINES AS CONSENSYS AND R3 HELP ASIAN COUNTRIES ADOPT BLOCKCHAIN
ConsenSys is a blockchain giant and a member of the Enterprise Ethereum Alliance which is going under increased scrutiny as the SEC v. Ripple lawsuit goes forward.
The Asian Development Bank (ADB) has launched a project to develop blockchain-based cross-border securities transactions.
To that effect, ADB together with blockchain specialists will seek to develop ways to directly connect central banks and securities depositories in the ASEAN+3 region within a blockchain network, which includes Japan, China, and South Korea.
ConsenSys, Fujitsu, R3, and Soramitsu are the blockchain companies involved in the project and they will examine systems interoperability and the viability of central bank digital currencies (CBDCs) in the region.
The project is supported by ADB’s Digital Innovation Sandbox program, a platform for partners across the public and private sectors to collaborate on digital solutions.
The reasoning for the project is that connecting institutions within a blockchain network could reduce both transaction costs and settlement risks. Read More
Ubisoft Is Putting Rabbids On The Blockchain As Voxel NFTs
Ubisoft is doing anything but resurrecting Rayman, now adding Rabbids to the blockchain in an online NFT 'game'. The new initiative supposedly allows "anyone to create their own experiences with the Rabbids franchise in the Open Metaverse!"
Imagine Minecraft, but you buy plots with real money and trade digital artwork in an NFT ecosystem. That's The Sandbox, a blockchain real estate simulator that is part of the 'metaverse', akin to an old MMO like Habbo Hotel or Bin Weevils.
In The Sandbox, you can buy voxel NFTs like the now-added blocky Rabbids. And since it's all one big community, you can flex your receipts on your digital plots of land to other people who are also flexing their receipts on their digital plots of land. Read More
This Blockchain-Based Startup Aims to Take a Carbon Footprint-Friendly Approach to E-Commerce
The company was only founded in 2020, but will soon launch in both the U.S. and Europe.
The world of fintech is an exciting space to invest in and promises to produce an abundance of new and exciting opportunities for long-term investors in the years ahead.
In this segment of Backstage Pass, recorded on Jan. 11, Fool contributors Jose Najarro, Rachel Warren, and Demitri Kalogeropoulos, along with Fool analyst Asit Sharma, discuss a London-based fintech company called Twig that is built on the blockchain and allows users to trade their used goods for instant cash. Read More
Twitter CEO Agrawal Sees 'Incredible Amount of Developer Energy' in Web3
Twitter's newly minted CEO had praise for the Web3 and broader crypto community on Twitter's Q4 earnings call.
Newly minted Twitter CEO Parag Agrawal spoke about Web3 on today's Twitter Q4 earnings call, Agrawal's first earnings call as CEO since he took over for the outgoing Jack Dorsey at the end of November.
In response to a question submitted via Twitter, Agrawal said, "If you think about the broader crypto ecosystem, which includes cryptocurrency, DeFi projects, and all the decentralized technology and applications being built on top of the biggest blockchains, what you notice is this incredible amount of developer energy—developer energy which is interested in solving problems."
Agrawal added that this energy creates an opportunity for Twitter, which he described as "the place where this entire ecosystem goes to find out about what's happening across the ecosystem." 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.
