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New NFT Marketplace Coming Soon On Coinbase
US crypto exchange Coinbase announced its plans on Tuesday to launch a marketplace that would let users mint, collect, and trade non-fungible tokens (NFTs).
Coinbase NFT In The Works:
As per the announcement, the Coinbase NFT marketplace is aligned to be creative. Initially, the marketplace will support Ethereum based ERC-721 and ERC-1155 NFT standards. It hopes to expand to multi-chain support shortly after.
It will include ‘social features’ to support today’s digital content creators. Even though the marketplace is yet to be launched, the company has announced that users can sign up for a waitlist for early access to the feature. The Twitter announcement from the company read
“We’re excited to announce the fast-approaching launch of Coinbase NFT, a new peer-to-peer marketplace where you’ll be able to create, buy, sell, and share NFTs.” Read More
US dominates global Bitcoin hash rate distribution after China crackdown
The U.S. now accounts for more than a third of the total Bitcoin mining activity, with Kazakhstan and Russia also becoming major locations.
Following sweeping crackdowns by China against Bitcoin mining activity, the United States has now emerged as the leading nation in terms of hash rate.
According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), Bitcoin (BTC) miners in the U.S. account for 35.4% of the total global BTC mining hash rate distribution.
The CBECI data also shows Kazakhstan (18%) and Russia (11%) as the next major Bitcoin mining centers outside the United States. These three nations have gained significant market share in the wake of China’s crypto mining ban. Read More
Millions of Wix Merchants Can Now Accept 12 Different Cryptocurrencies
On Tuesday, the Atlanta-based cryptocurrency payments company Bitpay announced the Israeli software company Wix has enabled its Software as a service (SaaS) e-commerce product to accept crypto-asset payments. The integration will allow Wix merchants to accept 12 different cryptocurrencies such as bitcoin, dogecoin, bitcoin cash, ethereum, litecoin, and stablecoins as well.
SaaS Platform Wix Implements Bitpay Infrastructure So Merchants Can Accept Crypto. Read More
Ripple Funds $44,000,000 Joint Investment With Clean Energy Firm To Promote Green Crypto Industry
Enterprise blockchain and crypto solutions provider Ripple is investing millions of dollars in a renewable energy fund aimed at realizing a clean energy future.
Ripple says in a press release that it is jointly investing with Nelnet Renewable Energy a total of $44 million to finance solar energy projects in the United States. The investment is majority funded by Ripple.
According to the announcement, the investment will help offset 1.5 million tons of carbon dioxide emissions over the next several decades. Read More
The First In The Social Media Marketing Niche
Markethive is building an epic entrepreneurial ecosystem, never seen before and transcendent to other social media and marketing platforms. The transformation is enhanced with our release of the first of many initiatives being the Wheel Of Fortune and the launch of The Boost to follow soon after.
With Markethive now running on its own servers, with the security of Blockchain and its Hivecoin about to be released as a native fungible multi-asset token on Cardano, we have arrived as the first mega decentralized social platform marketing network with the mission is to deliver a decentralized and autonomous environment to the masses, that is not subject to the oppressive technocracy.
Inspired by Binance’s rise in becoming more than a crypto exchange, Markethive goes far beyond by creating a robust ecosystem in the social media and marketing niches. It will deliver very unique aspects to the Markethive exchange by creating niches and exclusivities that no other platform or system has. Read More
BoE deputy gov: Regulators should pursue crypto as a ‘matter of urgency’
The central bank official spoke about the risks that cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds, and banks.
Jon Cunliffe, deputy governor for financial stability at the Bank of England, said the risks of a growing crypto market on the financial system are “relatively limited” at the moment but have the potential to grow very rapidly if regulators do not keep pace.
In a speech to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) on Oct. 13, Cunliffe said policymakers around the world have only just started to develop the framework needed to properly regulate digital assets but should pursue it “as a matter of urgency.” The deputy governor spoke about the risks that cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds, and banks. Read More
Polkadot to debut parachain auctions after governance vote
Polkadot has laid out a schedule to debut parachain auctions on Nov. 11 following unanimous approval from the blockchain’s on-chain governance council members. The news marks a landmark achievement, as it fulfills the final core technical element of the white paper published five years ago.
Parachains are uniquely distinctive layer-one blockchain platforms that operate laterally alongside the main Polkadot network, in addition to being tethered to the Polkadot Relay Chain. Their purposeful function can be witnessed across a multitude of areas from decentralized finance to smart contracts. Read More
Visa to Help Creators, Small Businesses Learn About NFTs and Crypto
Noted NFT artist Micah Johnson will help the financial services giant educate more people about the potential of digital collectibles.
Visa made a big splash in the NFT space in August when the company purchased a CryptoPunks NFT avatar for about $150,000 worth of ETH—and market demand for Punks exploded soon thereafter. Now, the financial services giant wants to bring greater awareness of NFTs to an even larger audience of creators, thanks to a newly launched initiative.
Today, Visa launched an NFT-centric program in partnership with noted crypto artist Micah Johnson, the creator of the NFT character Aku. Together, Visa and Johnson aim to help creators and small business owners better understand how NFTs work, and how they can use blockchain networks and cryptocurrency to create and sell digital work. Read More
Celer Network Plans To Enhance Cross-Chain Solutions In Its Upcoming Upgrade
Following the successful launch of cBridge 1.0 in July, Celer Network, a leading layer 2 scaling solution, is planning the launch of cBridge 2.0 that enables easy, fast, and secure off-chain transactions.
Celer Network states the cBridge 2.0 cross-chain solution will not only enable more efficient transactions but also enhance “generalized off-chain smart contracts”. The vastly improved cross-chain bridge builds on the successes of its predecessor, allowing users to enjoy a more user-friendly interface, deeper liquidity, and a wider option of blockchains and tokens.
The release of cBridge 1.0 will further bring about wide adoption rates to Celer Network with the cross-chain bridge doubling its volumes week-on-week. 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.
