Mga Gabay, Kaalaman at Insight sa Crypto

Instagram to Support NFT Integration on Four Major Exchange Platforms

Instagram, the social media subsidiary of Meta Platform Inc, is allegedly on track to handle Non-Fungible Tokens (NFTs) from four important blockchain protocols: Ethereum (ETH), Solana (SOL), Polygon (MATIC), and Flow (FLOW).　　According to Coindesk, the social media giant is planning to allow NFTs residing on these blockchains to be displayed as display photos on the profiles of users who hold them.　　The social networking platform will not charge users for this service, and uploading an NFT will allow users to authenticate their ownership and tag the makers of these digital artifacts to add to their overall legitimacy.　　The new service or allowance is said to be available solely to US residents, and Coindesk was unsure whether support for various blockchain networks will be handed out all at once or in stages. What is certain is that social media will support Metamask, the most popular wallet for storing NFTs.　　Since CryptoPunks and the early pioneers introduced NFTs, their popularity has skyrocketed. Many retail investors are now collecting NFTs, and the prominence this movement has given to the new offshoot of blockchain technology is no longer negligible.　　The selection of the four blockchains is based on the fact that the majority of NFT transactions take place

2022-05-09Malalim na Pagsisid

Nvidia Agrees to Pay $5.5 Million to SEC Fine for Failure to Crypto Mining Disclosures

Nvidia Corporation, a pioneer provider of graphics processors and related software, has agreed to pay a $5.5 million fine to settle the United States Securities and Exchange Commission (SEC) over allegations that the company failed to adequately disclose revenue from cryptocurrency mining. The Commission made the announcement on Friday.　　According to the SEC, during two consecutive quarters in 2018, Nvidia did not make it clear that demand from crypto miners was responsible for a significant part of the rise in sales of its gaming graphics processing units (GPUs).　　Nvidia‘s powerful processors designed for handling video-game graphics are considered well-suitable for handling mining cryptocurrencies such as Bitcoin and Ethereum. Nvidia, the leading chipmaker in the US, agreed to the penalty without admitting or denying the regulator’s findings.　　The SEC stated that Nvidia omitted the information about rising demand from crypto miners while making statements about how cryptocurrencies were affecting other business lines.　　In a statement, Kristina Littman, head of the SECs crypto enforcement team, said: “All issuers, including those that pursue opportunities involving emerging technology, must ensure that their disclosures are timely, complete, and accurate.”　　The charges claim that Nvidia misled investors by reporting a boost in revenue associated with gaming activities but hide to reveal

2022-05-09Malalim na Pagsisid

Embattled BitMEX Co-Founders to Pay $30M in Civil Fine

The United States District Court for the Southern District of New York (SDNY) has pronounced a combined Civil monetary fine of $30 million for the three embattled BitMEX exchange co-founders indicted for violating the US Bank Secrecy Act. 　　The co-founders include Arthur Hayes who served as the Chief Executive Officer until the investigations started, Benjamin Peter Delo, and Samuel Reed.　　As announced by Commissioner Johnson of the Commodity Futures Trading Commission (CFTC), the fine was pronounced in the form of a Consent Order, and each of these founders will be required to pay $10 million each. The CFTC picked up the enforcement actions against the trio for running the BitMEX Exchange in the United States without receiving the appropriate licenses.　　Hayes and his colleagues were accused of failing to implement the relevant Anti-Money Laundering (AML) measures as well as Know Your Customer (KYC) procedures. 　　Speaking with respect to the Consent Order, Commissioner Johnson said “the mission of the Commodity Futures Trading Commission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation.” He noted that the commission has the powers of the US Congress to carry out its mission as the legislature “authorizes the CFTC to

2022-05-09Malalim na Pagsisid

Tron Blockchain Launches USDD Decentralized Stablecoin by Tron DAO Reserve

Justin Sun, the founder of the Tron blockchain network, said that he has launched a USDD decentralised stablecoin pegged to the US dollar at a ratio of 1:1 through the Tron DAO Reserve in cooperation with top blockchain institutions.　　Tron, known as TRX, is for decentralising the web. The official website describes Tron as “one of the largest blockchain-based operating systems in the world,” led by Justin Sun- the Founder and CEO of TRON.　　The USDD protocol runs on the TRON network with an initial total supply of 100 million. It has been launched on decentralised exchanges such as Sunswap, Sun.io, Curve, Uniswap, Ellipsis, Pancakeswap, and Kyberswap.　　USDD is pegged to the U.S. dollar (USD) via TRX.　　In addition, USDD connects the two blockchains of Ethereum and BNBChain through the BTTC cross-chain protocol and will be integrated into more blockchains in the future. At present, the circulating supply of USDD in these two blockchains is close to 20 million.　　The Tron DAO Reserve will ensure the price stability and decentralization of USDD by collateralising the cryptocurrency with reserves and providing the liquidity needed to maintain business in significant financial offsets.　　It also “aims to safeguard the entire blockchain industry and cryptocurrency market, prevent panic trading caused

2022-05-09Malalim na Pagsisid

Binance Funds Elon Musk's Twitter Bid with $500 Million in Equity Funding

Binance, a cryptocurrency exchange, has contributed $500 million to Elon Musks takeover offer for Twitter Inc.　　The gift was highlighted in the amended Schedule 13D filed with the United States Securities and Exchange Commission as part of the associated contributions from other venture capital firms (SEC).　　The Schedule 13D paperwork is a mandatory file that is needed of any investor who acquires more than a 5% equity position in a company. The filing demonstrated that Elon Musks free speech agenda has received significant support from more venture capital firms, particularly in the United States. Aside from Binance, Andreessen Horowitz was shown to commit $400 million to the cause, while Sequoia Capital invested $800 million to become a part of the social media giants owners.　　According to the document, Lawrence J. Ellison Revocable Trust is the largest contributor, with a $1 billion equity investment. With Elon Musk at the helm of the new Twitter social media network, many changes are expected as the companys transformation plans kick into high gear.　　While some opponents have labeled Musks acquisition of Twitter for $44 billion as a bad deal because the company does not generate as much profit as its peers, Musk has come across as someone who

2022-05-06Malalim na Pagsisid

Animoca Brands and Untamed Planet Collaborate on the Untamed Metaverse

Animoca Brands, based in Hong Kong, has announced a collaboration with Untamed Planet to create and sell Untamed Metaverse, a game to aid in nature conservation initiatives.　　Untamed Planets also closed a $24.3 million Series A fundraising round led by Animoca Brands, one of the most well-known names in the gaming and metaverse industries. Afterpay co-founder Nick Molnar previously provided startup investment to the company.　　The new money will be utilized to build Untamed Metaverse in collaboration with Animoca Brands and its subsidiary nWay, according to the statement.　　Untamed Planet, founded in 2020, develops nature-based games using Web3 technology to generate revenue for driving conservation objectives.　　Untamed Metaverse allows players to explore a digital replica of the worlds natural environments, participate in missions, collect NFT assets, and establish communities of individuals who care about nature.　　Untamed Planet claims to be creating a sustainable stream of donations for environmental conservation while also offering Untamed Planet community members with play-to-earn and play-to-protect options.　　“What fascinates me about the Untamed Planet goal is the ability to mix mainstream gaming with the new prospects that Web3 provides for digital ownership by players in order to inspire real-world conservation - this project is epic,” said Scott Bandy, studio head of Untamed

2022-05-06Malalim na Pagsisid

Blur Releases Blur Beta, Real-time Trading Platform for NFTs

Blur announced that it is releasing Blur Beta, a real-time trading platform for non-fungible tokens (NFTs).　　In a series of tweets, Blur shared details about the platform. “Monthly trading volumes for NFTs have hit billions, but existing platforms are slow and refresh-based,” it said in a tweet.　　Currently, the beta waitlist is invite-only, and everyone who joins the platform will be rewarded, Blur said in a tweet.　　“Blur Beta access = 5 invites for friends,” it tweeted.　　With the release of Blur Beta, the company claims to be building the best NFT marketplace for professional traders.　　It also added that the company had assembled a team with professionals from MIT, Five Rings, Square and Brex to build the platform.　　“The beta lets you see listings and sales on existing marketplaces in real-time. Never refresh again,” one tweet from Blur said.　　One of Blur Betas features unlocks a new view of a users portfolio, allowing them to see their NFTs, active listings, and a Ps NFT marketplace focuses on professional traders. The funding round was led by venture capital firm Paradigm. Some of the other participants included firms such as eGirls Capital, 0xMaki and LedgerStatus.　　The startup firm said, “current NFT marketplaces prioritise the retail experience, but they neglect

2022-05-06Malalim na Pagsisid

Crypto Giant Binance Obtains First Global Regulatory Approval Operation from French

Binance, the largest cryptocurrency exchange in the world, has been approved by the French regulatory agency and operates cryptocurrency transactions legally in France.　　France has become the first country that approves Binance to be legally operated in the world and has been listed as a registered digital asset service provider by AMF by the French stock market regulatory engine.　　As early as November 12, 2021, Binance CEO Changpeng Zhao pinpointed France as one of the most advanced European nations with clear governing rules in the crypto ecosystem. This makes the country a natural fit for opening a regional and central headquarter.　　Changpeng Zhao pointed out that France uses “very progressive” in the use of cryptocurrencies, he said that:　　“In our interactions with them, they are far more advanced in their understanding, and theyre also much more progressive in their attitudes。France is a very strict regulator. But they have the advanced understandings to go with that.”　　Binance has cooperated with the French financial technology industry group to invest 100 million euros, which equals $113 million to support the development of the French blockchain industry and cryptocurrency.　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect

2022-05-06Malalim na Pagsisid

Gucci to Accept Cryptocurrency Payments in US

The world-renowned luxury brand Gucci will accept cryptocurrency payments by the end of this month and plans to roll it out to direct-operated North American stores this summer, according to Vogue Business.　　There are currently only five stores in the pilot, in Wooster Street in New York, Rodeo Drive in Los Angeles, the Miami Design District, Phipps Plaza in Atlanta and the Crystals store in Las Vegas.　　Encrypted payments will be emailed to customers by Gucci with a link containing a QR code, and users can use their encrypted wallet to scan the QR code for consumption payments.　　Currently, Gucci will accept Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Litecoin, Shiba Inu, Dogecoin, and five dollar-pegged stablecoins.　　Marco Bizzarri, President and CEO of Gucci said that:　　“Gucci is always looking to embrace new technologies when they can provide an enhanced experience for our customers. Now that we are able to integrate cryptocurrencies within our payment system, it is a natural evolution for those customers who would like to have this option available to them.”　　More brands have been increasingly testing blockchain technologies.　　Leading Italian luxury fashion house Dolce & Gabbana sold a nine-piece collection of fashion NFTs dubbed Collezione Genesi or the Genesis Collection for a whopping $6

2022-05-05Malalim na Pagsisid

The Coinbase NFT Marketplace Is Now Open to Everyone

The non-fungible token (NFT) marketplace on Coinbase is now open to all customers.　　The NFT marketplace is still in beta, with the goal of establishing a social platform for buyers and sellers to test and grow a larger community.　　Coinbase first made the NFT platform available to a limited number of invitees in April.　　This rollout has occurred earlier than expected, according to Yahoo Finance. According to a Coinbase spokeswoman, the product is ready for higher traffic levels.　　In a statement, Coinbase said that the company “believes NFTs are here to stay, and the Coinbase marketplace is about much more than just buying and selling.” 　　“Coinbase is focused on cultivating a community and is excited to be opening the beta up for more people to enjoy the experience they have created,” it added.　　The social interaction elements of Coinbases NFT marketplace allow users to establish a profile and customise it with the NFTs they have made. Users can also leave comments on NFTs and start conversations with other NFT holders and sellers on the platform, all while exploring what is for sale in the marketplace.　　Additionally, users can gain followers and discover other collectors and makers.　　According to Chainalysis, NFTs have grown in popularity and will be

2022-05-05Malalim na Pagsisid

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