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Crypto Music App Audius Now Showcases Both Ethereum and Solana NFTs
Solana’s NFT scene is picking up, and now owners can display their collectibles on the growing crypto-fueled music platform.
Audius, a decentralized music streaming and sharing service, now lets users display NFT collectibles owned on Solana.
Solana development has accelerated recently, with an array of NFT and decentralized finance (DeFi) initiatives emerging as the SOL coin’s price rises.
Ethereum rival Solana is booming, making waves with its surging cryptocurrency price and rising NFT and decentralized finance activity—and Audius, a crypto-powered music service, is taking note.
Today, the project announced that its users can now display their Solana NFTs on the platform via an exclusive integration with Phantom, a popular Solana wallet. Read More
Cheap Power Brings Bitcoin Mining Boom to Venezuela as Country Moves Toward Digital Economy
The very low power rates in Venezuela have created a powerful incentive to mine Bitcoin for a lucky few that have the capital (and dare) to purchase miners and infrastructure in the country. The rise of digital currencies has created a new industry that uses cheap energy and turns it into precious Bitcoin. In other regional news, Axie Infinity, a play-to-earn game, has created opportunities for the less fortunate ones. The country is going digital because of the possibilities these new tools offer. Read More
Cardano's Charles Hoskinson Expects Cryptocurrencies to Play Larger Role in Afghanistan
Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, explained in an interview with CNBC Tuesday that cryptocurrencies are likely to play a larger role in Afghanistan, citing a rising need for more privacy.
The Cardano founder believes that there will be ongoing civil war in the country and “already the remnants of the northern alliance have been formed, and they’re going to need resources.” He noted that “Unlike the last time, in the ’90s when this happened, now cryptocurrencies are there,” elaborating:
It is my belief that cryptocurrencies are going to play a larger role in Afghanistan this time around, in the war for and against the Taliban forces. Read More
Cardano Clears Major Smart Contract Hurdle With Mainnet Upgrade Just Days Away
Input Output Hong Kong (IOHK), the company behind Cardano (ADA), says it has successfully added smart contract capabilities to its blockchain testnet.
Smart contracts are programs that execute when predetermined conditions are met. The technology hopes to remove middlemen from countless institutions. Read More
DeFi (Decentralized Finance) is a term used to cover various components and activities, including Decentralized crypto Exchanges or DEXs which are at the cutting edge of DEFI. The rapidly evolving market of the DEX allows peer-to-peer cryptocurrency transactions without the need for an intermediary.
DeFi is a system by which financial products become available on a public decentralized blockchain network. That makes them open to anyone to use, rather than going through middlemen like banks, brokerages, and even centralized crypto exchanges.
Unlike the legacy financial institutions and centralized crypto exchanges (CEXs), the KYC/AML (Know Your Customer and Anti-Money Laundering) protocol. These are usually government-issued ID, Social Security number, or proof of address. They are not necessary with the DeFi protocol and are welcomed by those concerned about their privacy and who cannot access valid documents. Read More
Decentralized Finance May Revolutionize Financial Sector – And Bitcoin
Without question, the DeFi movement is revolutionizing the financial sector. Decentralized finance is well on its way to changing the world of finance as we know it by transforming traditional financial components into open, transparent protocols across a decentralized network.
In fact, the total value locked in DeFi assets stands at a phenomenal $54.56 billion, and it appears that this figure is only going up. From making basic financial services like loans and insurance readily available for all to promoting financial inclusion for the larger population, DeFi use cases are many. Read More
Will Quantum Computing Technology Be Small Enough To Fit Into Smartphones?
Engineers are eyeing a possible breakthrough in quantum computing. If all goes according to plan, computers that draw power from the quantum realm to perform their calculations may soon be small enough to embed into mobile phones and other everyday electronic devices.
Usually the size of entire server rooms, quantum computers process some information up to 100 million times faster than normal computers, but need temperatures of around absolute zero to work properly. Read More
Paypal to Complement its Latest Crypto Drive by Launching Stock Trading for US Customer
American financial services giant Paypal is on track to launch a new investor-focused product dubbed “Invest at Paypal.”
Paypal’s long-term ambitions to explore growing opportunities in the financial services industry have been re-echoed by the company’s Chief Executive Officer, Dan Schulman. The company’s intentions to offer stock trading products will directly take the competition to unicorns in the area, including Robinhood and Square’s Cash App. Paypal is notably seeking to cash in on the growing interest in alternative investment offerings, a trend that added millions of new investors in the first half of the year. Read More
Leaders in financial services gaining faith in blockchain
Most financial services leaders now see blockchain as an important source of competitive advantage, according to Deloitte’s ‘2021 Global Blockchain Survey’.
In its poll of 1,280 senior executives and practitioners, the survey found that 77% said their organizations would lose opportunities for competitive advantage if they did not adopt blockchain or digital assets into their business strategy.
Similarly, 80% of leaders believed their industry will see new revenue streams from blockchain, digital asset, and cryptocurrency solutions. 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.
