x
Image Source: Pixabay
DeFi crypto wallet aims to decentralize inheritance of crypto and NFTs
Kirobo’s new inheritance solution allows users to generate and execute an automated last will without the need for lawyers, government authorities, or any other centralized entity.
The concept of cryptocurrency inheritance continues to rapidly evolve as the decentralized finance (DeFi) industry spawns more ways to make a “crypto will.”
The Israeli crypto software provider Kirobo is moving to tackle a major void in the DeFi industry by providing crypto investors with an opportunity to pass private keys or transfer funds according to their last will.
The firm announced on Tuesday the launch of an inheritance feature on its decentralized crypto wallet Liquid Vault, allowing users to designate crypto wallets to inherit their funds.
The new solution enables the generation and execution of an automated last will and testament without the need for lawyers, government authorities or any other centralized entity. Instead, users just need to select up to eight beneficiaries and choose a date for distributing the assets to the designated wallets. Read More
Block Games studio announces launch of first skill-based free-to-play blockchain mobile game
Mobile gaming is said to become the bridge between the 2.8 billion players market and the blockchain community.
Creating a video game that is fun to play more than once or twice is a time-intensive process, a factor often attributed to the significant amount of trial and error involved. Consider that “delivering fun” in a product’s design requires several iterations. Consequently, by some estimates, this process might take 1-2 years for traditional games, and sometimes even over 5.
As the gaming world evolves from Web2 to Web3, many note the discrepancy between the fun and enticing traditional gameplay experiences and the blockchain-focused experiences in newer releases. The result is that although rewarding, these games don’t provide a compelling reason for players to make the transition.
Block Games, a next-generation game development and publishing studio built in partnership with Estoty, a mobile game studio with 1.5 billion downloads and over 200 million active users, aims to lead this shift with a series of player-owned mobile games, one of them being Shatterpoint. Read More
Bank of England to Rescue Collapsing Stablecoin Issuers—If They’re Big Enough
A new proposal would give England's central bank regulatory oversight over stablecoin issuers should they pose a risk to financial stability.
The Bank of England yesterday announced it would intervene to direct and oversee collapsing stablecoins should the British central bank decide that a stablecoin issuer “has reached systemic scale fail [sic].”
The news came via a document prepared by the HM Treasury in response to a cryptocurrency consultation that began in January 2021 and concluded in April this year.
The British government proposes to amend the UK’s Financial Market Infrastructure Special Administration Regime to bring crypto within the jurisdiction of the British central bank while giving the institution the reins in the event of a collapsing stablecoin.
One proposed amendment also includes broadening the legal definition of a “payment system” to include crypto, providing the central bank with regulatory powers under Part 5 of the 2009 Banking Act.
The government clarified that the central bank will only step in during “systemic” collapses, which it defines as any “deficiencies in [a system’s] design or disruption to its operation may threaten the stability of the UK financial system or have significant consequences for businesses or other interests.” Read More
You can now clone NFTs as ‘Mimics’: Here’s what that means
In the precariousness of Web3 open-source code, iterative development, and “move fast” ethos, things break. And through breaking, things are also made. A new project allows anyone to create a copy of someone else’s NFT, aptly named “Mimics.”
But how does Mimics work, and what does it mean for the NFT art market to have a new variety of fakes? And will it result in token standards being upgraded and improved?
I met the anonymous founder of Mimics in a “Web3” office that was brimming with software developers writing lines of code as they nodded their heads in time to deep house and sipped cups of tea.
On semi-regular occasions, I drop in to visit some local devs in the blockchain space and learn more about what they are working on. They have always been welcoming and jovial, inviting me to share in their ritualistic Friday afternoon “meme creation hour” and have a go at spinning the in-office DJ decks. Read More
What Does The Wallet Do? What Does It Mean For You?
The launch of the Markethive wallet is approaching, so it’s time to start beating the proverbial drum. It is the start of an exciting time with the advent of many integrations to follow the release of the wallet that will bring Markethive into prominence as an unprecedented platform. The combination of inbound marketing, social media, digital broadcasting, video, conference rooms, e-commerce, gamification, etc.
Markethive is a blockchain-driven crypto economy, all-inclusive, with a distributed database system required for this decentralized, monolithic global project. We’re almost there with the release of the wallet that will initiate entrepreneurial sovereignty and open the floodgates of this divine enterprise with its plethora of systems and services, including the new interface and dashboard.
We now have a complete working wallet with the Solana Network, and we also have a fully functional crypto merchant account. The Markethive wallet is being polished with the finishing touches, keeping mindful that it’s not just a simple wallet but a comprehensive, dynamic engine centralized for you that powers your platform and business.
Markethive is fundamentally a sophisticated inbound marketing and storefront platform, integrated with a social network, and not just another social media platform you see popping up to counter the media tech giants we’ve come to know as oppressive, censoring you and using your personal data for their own gain. Read More
Blockchain Toolkit Alchemy Launches Solana Developer Platform
Solana developers can now use Alchemy, the popular "pick, and shovel" service that supplies tools to accelerate Web3 building.
Alchemy, best known for its Ethereum tools, now supports Solana development.
The Solana kit is being released today in "gated beta" with wide availability promised soon.
Alchemy, a company that styles itself as the Amazon Web Services of Web3, announced on Thursday that it is launching a suite of development tools for Solana—a move that could spur further growth on the upstart blockchain.
Founded in 2020 by two Stanford grads, Alchemy made its name building tools that simplify common Web3 tasks like writing transactions and hosting nodes. The company's core offerings revolve around Ethereum, but in the last year, it has begun tailoring its services for other blockchains such as Flow and Polygon.
The upshot is that Alchemy's toolkit is likely to accelerate the development of the Solana ecosystem by making it faster and easier to build new applications. The blockchain already hosts some Web3 hits—including NFT marketplace Magic Eden and fitness app Step'n—and more could follow. Read More
Alchemy announces support for Solana Web3 applications the day after blockchain halted
The Web3 development platform and infrastructure provider will support Solana-built applications, despite the blockchain halting multiple times in 2022.
In an announcement published by Alchemy just one day after the Solana network temporarily halted on June 1, the Web3 development platform and infrastructure provider announced its support for the controversial blockchain.
Caused by a bug that made it impossible to reach network consensus, the Solana blockchain was halted for approximately four hours on Wednesday. This isn’t the first time the system has been compromised, as normal functionality has been halted five times already this year.
That didn’t seem to be a problem for Alchemy, which gives developers the ability to use its software and infrastructure in Solana-built applications. Now reportedly valued at $10.2 billion, the company is the creator of a Web3 API called Alchemy Supernode and a development suite used for monitoring and debugging called Alchemy Build. Read More
Once small trading desk grows into complete cryptocurrency ecosystem
When it comes to blockchain adoption, few can visualize the sum value of the whole, a reality often overshadowed by the release of each of the individual parts.
Despite Bitcoin's (BTC) ups and downs, the asset has continued to outperform all other assets. Money aside, cryptocurrency's underlying technology, the blockchain, has also proven to transform the world of tomorrow with new ways to guarantee asset authenticity, exchange funds, and encourage financial inclusion. Unfortunately, looking at the individual parts, including the technology, exchanges, and NFTs, few see the total value of the ecosystem.
At present, the industry is fragmented by several offerings that, although powerful, only display utility for one problem plaguing the industry. The result is that when infrastructure providers come together to form a larger ecosystem, users can see the value of the sum.
Wohlstand Global is a privately held company operating in brokerage, asset management, and technology. Recognizing the potential held in digital assets, Wohlstand started its ventures into cryptocurrency.
Now operating in the digital currency space, the company has grown from a small trading desk into an entire regulated FX house and a surrounding ecosystem. The Wohlstand ecosystem now includes its own blockchain, crypto exchange, and an NFT marketplace. With over 25 years of experience and expertise in the financial industry, a large portion of which came from the FX markets. Read More
Central African Republic to tokenize the nation’s natural resources
The impoverished country has launched an ambitious crypto project that includes using Bitcoin as legal tender, attracting investment, and creating its own metaverse.
The Central African Republic (CAR) has announced plans to proceed with its ambitious Sango Project by tokenizing access to the country’s abundant natural resources. President Faustin-Archange Touadéra posted a photograph of a statement on his official Twitter account Thursday detailing the next steps in the project.
The statement, signed by Minister of State and cabinet chief of staff Obed Namsio, read, in part:
“We are giving everyone access to the riches of our land. In other words, we are transforming them into equally valuable and important digital assets through an unprecedented new administrative and economic movement.”
It went on to say that Touadéra has asked the parliament to prepare a new strategy to create investment opportunities in the country’s economy. 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.
