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Today's Blockchain News - August 5th

Posted by Simon Keighley on August 05, 2021 - 10:34am

Today's Blockchain News - August 5th

Today's Blockchain News - August 5th

Spain's Opposition Party ‘Partido Popular’  Introduces A Bill To Allow Mortgage Payments With Crypto

Conservative Spanish opposition party - the Partido Popular, has proposed a bill that would allow the use of cryptocurrency to pay for mortgage loans. The bill also brought up the possible creation of a crypto assets council. Read More


 

Coinbase Faces Class Action Lawsuit

Coinbase, a leading cryptocurrency exchange platform that went public with an IPO earlier this year, is the subject of a lawsuit filed by Portnoy Law Firm.

The filing claims that Coinbase’s registration statement and documentation on its prospectus for the recent IPO were ‘misleading’ and as such resulted in significant damages to investors who supported $COIN as it debuted on Nasdaq earlier this year. Read More


 

Ethereum is becoming ultrasound money, ConsenSys founder says

ConsenSys founder and Ethereum (ETH) co-founder Joseph Lubin has implied that Ethereum is transitioning to “ultrasound money” status ahead of the London hard fork slated to activate around 12:30 pm UTC Aug. 5.

During an interview with Bloomberg TV, Lubin was questioned on the imminent EIP-1559 upgrade, which will see Ethereum transition away from a bidding-based fee market to a fixed price and burn mechanism. Read More


 

Nifty News: NFTs in space, defunct CryptoPunks, Ernst & Young gets in on the act

NFTs have been streamed from and to the International Space Station, Unifty decentralizes its governance, and 342 CryptoPunks may be lost forever.

Two companies teamed up to stream a recording of composer Claude Debussy’s “Clair de Lune” to, and from, the International Space Station on July 28, reportedly marking the first instance in which a nonfungible token (NFT) has orbited the Earth. Read More


 

Ethereum Hard Fork Is Just Hours Away. Here's What Could Go Wrong

EIP-1559 could make ETH prices go higher and transactions easier. But some caution that it's not so simple.

On Thursday, the Ethereum network is getting an upgrade as five Ethereum Improvement Proposals get incorporated into the blockchain's code.

The most-talked about change is EIP-1559. That proposal does a number of things in a bid to stop transactions from building up on the sluggish network—and make it clearer to Ethereum users how much they must pay in "gas" fees to push their transactions through in a timely manner. Read More


 

Uruguay, Colombia Make Advances to Regulate Bitcoin Market

Senators in Uruguay and Colombia have introduced bills with the goal of creating a safer Bitcoin market in their countries.

Uruguay is joining the recent wave of political initiatives to regulate the Bitcoin and cryptocurrency industry in Latin America, just as Colombia makes moves of its own to update its existing crypto framework.

Yesterday, Uruguayan businessman and Senator Juan Sartori introduced a formal draft of a bill to regulate crypto. The proposed law seeks to fill in legal loopholes related to the crypto industry with the aim of preventing crimes associated with the use of digital assets. Read More


 

BLOCKCHAIN CONSOLIDATION AMPLIFIES CARDANO’S PRESENCE ON A GLOBAL SCALE

While the Markethive Social Market Network continues to work very closely with Cardano with its integration to the Cardano Blockchain, a lot is happening with the many other facets of Cardano and IOG to further establish their presence in this evolving world of technology. Its technology can assist in a new redistribution of power and give people greater freedom, bringing the world together with a more equitable landscape. 

As we anticipate the imminent rollout of Markethive’s multifunction news feed interface, gamification platform, and migration to the Cardano blockchain, I will outline some of the amazing initiatives IOG has set into motion; with the announcement of a historical event and the recognition, Cardano has received of late. This is all wonderfully exciting news putting Cardano at the forefront as one of the fastest-growing, most stable, most mature, and systematic cryptocurrency projects. Read More

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South African Start-Up Aims To Shield Merchants From Crypto Price Swings

While opponents of cryptocurrencies continue to peddle the environmental damage or the terrorism funding narrative, users from countries where the majority is financially excluded see these as a breakthrough innovation. Read More


 

Ethereum Community Gears up for the Long-Awaited London Fork Set to Go Live on August 5

The Ethereum community has been gearing up for the highly anticipated London Network Upgrade which should take place on August 5 around 2:00 p.m. (EDT). Node operators have been asked to upgrade their nodes as soon as possible, as the upgrade is scheduled to take place at block height 12,965,000. Read More


 

Blockchain Platform Ethernity Chain Announces ‘The Messiverse’ Has Arrived

Blockchain platform Etherity Chain  (CC:ERN-USD) today announced “The Messiverse,” the first-ever licensed, authenticated NFT collection from Lionel Messi. This Ethernity exclusive partnership lies beyond the scope of a single series, set piece, or footballer. This NFT collection, part of the ‘Messiverse’ is as big as the legend of Lionel Messi himself. Read More


 

Crypto and NFT Gaming on the Verge of Mass Adoption

The gaming industry is already way more lucrative than movies or music and it could be getting a bigger boost through crypto and non-fungible tokens.

The gaming industry is expected to be worth almost $200 billion in terms of revenue in 2021. Blockchain and NFT technologies make a natural partner for gaming, and they could be poised to take off.

At the moment, it is just a niche market for NFT based gaming in which the tokens are integrated directly into the games. But things are slowly changing on that front, with some huge money being raised for NFT platforms. Read More


 

Chainalysis support extended to six DeFi-focused tokens

Blockchain analysis firm Chainalysis, which was recently valued at £3.6 billion, has added advanced investigation and compliance support for six widely-used ERC-20 tokens.

Of these tokens, five belong specifically to decentralized finance (DeFi) protocols, while the remaining ‘renBTC’ is designed to allow for the permissionless transfer of Bitcoin to and from Ethereum for use in DeFi applications. Read More


 

Bitcoin Latinum — Going Green With Cryptocurrency

Bitcoin Latinum, a more scalable and sustainable network that uses an energy-efficient consensus process, has officially joined the Crypto Climate Accord as a Signatory and Supporter.

Bitcoin Latinum (LTNM) is the next-generation cryptocurrency, executing the necessary changes on going green. Greener, faster, and more secure than bitcoin. 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.

 

 

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