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Miami Is Integrating Cryptocurrency Into City Government
With plans to make Miami the cryptocurrency hub of the US, Mayor Francis Suarez is continuing with the MiamiCoin project, which so far has earned the city $7.1 million in revenue. He projects that the program could generate up to $60 million over the coming year.
According to the Washington Post, Mayor Suarez is even putting forward the idea, that due to Miami’s position as a crypto innovation hub, the city could eventually be tax-free for its residents.
The MiamiCoin project is a non-profit venture that allows citizens to run a software on their computers that allows them to mint tokens, similar to the mining activity that brings cryptocurrency into being, and then keep 70% of these tokens, while the other 30% goes to a selected municipality. Read More
What Terra’s Columbus-5 Upgrade Means for LUNA
The Columbus-5 upgrade introduces deflationary pressure for LUNA and increases compatibility between Terra and other blockchain networks.
On Thursday, the red-hot Terra blockchain, which has a mission to improve the efficiency of the global payment system, completed its Columbus-5 upgrade.
The upgrade has major ramifications for the Terra ecosystem, its stablecoin TerraUSD (UST), and Terra’s utility token LUNA, which has surged more than 10,000% this year to become the No. 11 cryptocurrency by market cap.
Columbus-5 may stimulate demand for Terra and UST by opening it up to new networks and decentralized projects. The deflationary aspect of LUNA should also pump the price if all goes according to plan. Read More
Visa Unveils The “Universal Payment Channel”
Visa has bet big on crypto over the past couple of years, and now its research and product team has announced its new cross-chain Layer-2 interoperability concept, also called the Universal Payment Channel (UPC). The concept hopes to connect multiple blockchain networks and transfer stablecoins and CBDCs between users without a hitch.
The company released a presentation that described the Universal Payment Channel as a hub that would help transfer CBDCs and stablecoins quickly and securely between multiple interconnected blockchains. The UPC will help businesses, consumers, and central banks to exchange value seamlessly. Read More
Charles Hoskinson To Launch Three-Time Grammy Nominee Paul Oakenfold’s Album On Cardano
The release of smart contracts capability on Cardano has brought with it some interesting projects. Cardano had revealed multiple partnerships over the course of its two-day Cardano Summit. These projects aimed at increasing utilizing the capability of the blockchain to its fullest potential. But before smart contracts had debuted on the platform, non-fungible tokens (NFTs) had been supported.
Cardano network has seen thousands of NFTs being minted. This had been actively encouraged by the developers in order to entice the community into using the blockchain as its default for minting NFTs as opposed to well-established networks like Ethereum and Solana. The latest iteration of the network promoting NFTs on the network has come in the form of founder Charles Hoskinson releasing dance artiste Paul Oakenfold’s album as an NFT on Cardano. 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. Read More
Embrace the Power of Blockchain in Supply Chain Solutions
Blockchain is emerging as a possible solution to supply chain challenges related to end-to-end visibility, communication, transparency, and reliability. Industry professionals see vast potential in blockchain technology to be applied within logistics functions.
Today, most collaboration activities in logistics happen manually or offline, which often leads to mistakes and redundancies. In this changing context, blockchain plays a significant role in facing logistics and supply chain operations challenges. Read More
FortKnoxster, the Most Encrypted and Secure Blockchain Messenger?
Experts say that FortKnoxster is gradually turning out to be “the most formidable encrypted messenger and wallet ever created.”
FortKnoxster is the most advanced and secure encryption platform ever developed. Both private persons and enterprises (and their customers) can use FortKnoxster for the secure transmission of confidential data and communications between private individuals — providing the long-awaited solution of heavily encrypted communication routes.
To clarify, FortKnoxster is a cyber-security company. It offers a full Crypto SuiteTM of private testing, calling, crypto wallets, and cloud storage to everyone — including businesses. In addition, FortKnoxster secures its users’ privacy online, through integrating strong end-to-end encryption; as well as innovative blockchain technology and zero-knowledge protocols. Read More
Breaking: Altair — Now a Parachain on Kusama Network
In detail, Centrifuge built Altair to finance RWA (real-world assets) on the Centrifuge Chain. More so, it is an experimental network for users who want to test asset financing. In addition, Altair allows users to tokenize their assets and finance them.
As the winning network, it is now one of the first parachains to live on Kusama. Reports say that it will bridge across the Ethereum, Polkadot, and Kusama’s ecosystems, to increase easy access to financing. With that said, experts are also saying that Altair might help connect more projects across these ecosystems in the future. Because of this, a greater flow of liquidity will be possible when more chains, protocols, and dApps are connected.
On the other hand, Kusama will allow Altair to have faster and daring parameters. This will also enable Altair to have rapid progress and growth. Read More
Umbrella Network launches on Ethereum with cross-chain bridge to BSC
Smart contracts, especially for DeFi, are becoming a data-intensive industry. Oracle services are helping to bridge the gap.
Decentralized oracle service Umbrella Network officially launched on Ethereum on Friday, setting the stage for cross-chain transactions between the dominant smart contract platform and Binance Smart Chain, or BSC.
The cross-chain bridge connecting Ethereum and BSC was developed in-house at Umbrella Network, underscoring the need to transfer tokens and other crypto assets between the two networks. The cross-chain bridge also enables users to stake and farm crypto tokens on either blockchain. Umbrella said it’s planning future cross-chain integration with Polygon, Solana, Cardano, and Avalanche, though no timetable was given. Read More
Cardano Creator Says Nations Will Use Crypto Tech To Power Wide Swath of Government Operations
The founder of Cardano (ADA) believes nation-states will one day rely on smart contract platforms to power wide swaths of their government operations.
Speaking at Cardano Summit 2021, Charles Hoskinson says that new systems of governance operating on blockchain technology could arise due to general unhappiness with current centralized institutions.
“People are fundamentally unhappy with governance. There’s an appetite for new systems, new ways of governance, new types of institutions.
Everyone in the world is taking a step back and saying ‘the time has come for new systems.’ [Crypto] is the only industry that has figured out a path to get us [where we want to be] without an empire… Without kings, presidents, and dictators… 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.
