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Cardano Announces Successful Upgrade To Alonzo White, Teases New Algorithmic Stablecoin
Input Output Hong Kong has announced that it has successfully completed the upgrade of its Alonzo testnet to the Alonzo White Network. The upgrade is part of the multi-phase upgrade consisting of three phases, blue, white, and purple.
Each upgrade will see Cardano include more features, functionality, and users, with the final Mainnet deployment expected in September.
The upgrade will see Cardano increase testers and functionalities significantly, bringing smart contracts to the Proof-of-Stake blockchain, and officially mark the end of Cardano’s Goguen era. After the completion of the White era, We will see the Purple era, during which Alonzo will go public and be available to all Stake Pool Operators (SPO). Read More
PayPal Announces Increased Purchase Limits For Crypto
PayPal, an online payments financial technology firm operating perhaps one of the most recognized brands in the payments industry, announced today that it will be increasing crypto purchase limits for its users for up to $100,000 worth of crypto on a weekly basis.
According to PayPal’s announcement, the decision came as a result of the need to provide customers with a broader range of choices, as well as flexibility for managing their crypto funds on the platform.
“These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.” PayPal stated. Read More
Judge allows Ripple to depose SEC official who decided ETH is not a security
San-Francisco-based fintech firm Ripple has notched up another small victory in its ongoing battle with the U.S. Securities and Exchange Commission.
U.S. District Court Judge Sarah Netburn has denied the SEC's motion to suppress the deposition of the former director of the SEC’s Division of Corporation Finance, William Hinman, in a ruling in New York on Thursday.
In June 2018, Hinman said in a speech that based on his understanding of the Ethereum network and its decentralized structure the “current offers and sales of Ether are not securities transactions.” Read More
Crypto Exchange Binance Halts Operations for Its Tesla, Facebook, Google Stock Tokens
Binance is halting operations for its stock tokens offering, which let users buy and sell tokenized stocks of popular equities.
The world's largest crypto exchange Binance today announced that they would halt their stock token operations.
Launched in April, the stock tokens offered tokenized versions of popular stocks like Tesla, Facebook, and Google among others. The offering was made possible by a partnership with CM-Equity, a German investment firm. The firm has also helped FTX Exchange and Bittrex with a similar stock token service.
Binance said it would be halting operations so that the company could focus on "other product offerings." Read More
What Is Cardano’s Alonzo Rollout and What Does It Mean for Ethereum?
Cardano's latest update will bring DeFi and Dapps to the cryptocurrency. For many, this upgrade positions the network as a low-fee, high speed alternative to Ethereum.
Cardano was first set up in the same year as Ethereum.
However, its development has been slower, on account of its peer-reviewed implementation structure.
The latest Alonzo update brings Cardano in line with Ethereum, adding smart contract and DeFi capabilities. Read More
Shapeshift to Dissolve Corporate Model, Platform Airdrops FOX Tokens to Community of Users
Founded on July 1, 2014, Shapeshift has been offering global trading of a variety of digital assets for seven years. Following the company’s recent anniversary, it announced Shapeshift is evolving into a community-owned decentralized platform. Shapeshift founder Erik Voorhees explained in a blog post that the firm airdropped FOX tokens to over a million customers in order to “facilitate decentralized governance.” Read More
Cardano and Markethive - Two systems of the next generation on the rise, making their mark on so many levels. They will eclipse big tech disrupting the monopolizing status quo that the populace has come to accept and is part of their daily lives. As the monopolies conspire on who or what they will boycott or cancel out next, Markethive and Cardano have secured themselves in a position where the oligarchs cannot manipulate them.
Markethive, the social market network, and Cardano, the blockchain technology company, are congruent in many areas. Apart from both being blockchain projects, the spiritual, humanitarian aspect is a major common denominator with the synergistic purpose of manifesting personal and financial sovereignty, delivering freedom and connectivity to emerging countries, aligning them globally.
The blockchain projects and cryptocurrencies that have endured the “crypto winter” of 2018/19 are not the scams associated with the industry’s early days and are now positioning themselves to deliver ecosystems that are unique and evolutionary. Read More
Coinbase Adds Supports for New Crypto Project As Listing Spree Continues
Coinbase continues to support new crypto projects at a rapid rate, with the addition of Clover Finance (CLV) on Coinbase Pro.
Clover Finance is a blockchain operating system designed to bridge assets on various blockchains, making it easier to transact. The CLV token pays for transactions and enables votes for upgrades. Read More
Jackson, Tennessee Looking into Adding BTC Payments for Taxes, Said the Mayor
The mayor of Jackson, Tennessee, is the latest to outline bitcoin’s benefits and asserted that employees could be allowed to buy BTC through DCA.
Jackson, Tennessee, could soon implement BTC for property tax payments, according to the city’s mayor – Scott Conger. He made this statement shortly after bashing the US government for the unnecessary high inflation rates across the entire country. Read More
Technically Capable Bitcoin Has Other Mass Adoption Challenges To Solve
Bitcoin (BTC)’s price may be wobbling at the moment, but the most popular cryptocurrency continues to attract a steady stream of interest from the wider world. Most recently, US-based payments giant NCR and digital asset management company NYDIG partnered to let around 24m customers of 650 US banks buy and sell BTC, while El Salvador is preparing to make the cryptocurrency legal tender in September.
This is all might be encouraging as far as adoption goes, but with bitcoin remaining relatively unproven as a large-scale means of payment it raises a thorny question: how much adoption and use can Bitcoin as a network actually accommodate? Read More
Fashion, Music, and Gaming — How NFTs Are Building the Metaverse
A panel and Christie's Art+ Tech Summit looked at where NFTs are taking fashion, music, and gaming.
The panel touched on NFTs' democratization of these industries and the move into the metaverse.
"I think we haven't seen nothing yet of what's possible with this kind of technology," says Amber Jae Slooten. Read More
SushiSwap Community Disgruntled at Proposal to Sell Discounted Tokens to VCs
The SushiSwap decentralized exchange has plans to entice venture capitalists and institutional investors by using its treasury funds, but the community isn’t pleased.
The proposal was made by developer 0xMaki last week and has turned into a heated controversial debate. DeFi protocols by nature are supposed to be decentralized, so luring VCs to the protocol using its treasury as a carrot is, in essence, the complete opposite of this notion. Read More
Fruits of the land: Blockchain traceability gives farmers a competitive advantage
Traceability is key for helping small-scale farmers achieve big benefits, but will blockchain solutions catch on in developing countries?
Although government funding could help significantly, farmers across the globe are also beginning to adopt smarter agriculture technologies — such as blockchain and data analytics — to ensure that the growing agricultural demands are met. At the same time, these technologies are allowing small-scale farmers to obtain a number of benefits that were not previously possible. 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.
