Mga Gabay, Kaalaman at Insight sa Crypto

Otherdeeds of Yuga Labs Sold as Startup Raises Over $320M

Yuga Labs, the blockchain startup in charge of the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection and ecosystem, has made history yet again with the successful sale of Otherdeeds, the doorway to the Otherside metaverse, which was revealed in March. The firm made around $320 million in revenue based on the minting price of $305 ApeCoins (APE) and the total 55,000 Otherdeeds for sale.　　The build-up to the Otherside debut was packed with a lot of speculation in the community, just like the Bored Ape project was. Yuga Labs did not reveal the methods by which the launch will take place. In the absence of certainty, interested collectors braced themselves for a Dutch auction; however, given the complications and demand, the Yuga Labs team set the minting price at a fixed 305 APE (worth around $5,800 at the time of sale).　　As expected, there was a big gas war, with statistics showing customers paying costs ranging from $4000 to $10,000, preventing many prospective collectors from participating in the sale. Despite this, the allotted 55,000 Otherdeeds were sold out to over 27,000 collectors, with the remaining 45,000 held for BAYC and Mutant Ape Yacht Club (MAYC) owners to claim within 21

2022-05-03Malalim na Pagsisid

Crypto Donations on Wikimedia Platforms Have Been Stopped

The Wikimedia Foundation has stated that bitcoin donations will be suspended across all of its sites.　　The move was necessitated by requests from the Foundations donor community, as stated in an announcement shared by the Foundation.　　The Wikimedia Foundation is an umbrella organization for a collection of platforms that follow the Wiki style of website, which allows for modification by multiple internet users. Wikipedia, Wikibooks, Wikiversity, and Wikinews are some of the branches within the companys body.　　The Wikimedia Foundation began accepting digital currencies for donations in 2014 at the request of its community, and it stated that the decision to discontinue these forms of donation is the result of months of discussion by the same community about the suitability of digital assets as donation assets for the platform.　　“The Wikimedia Foundation has decided to discontinue direct acceptance of cryptocurrency as a means of donating. We began our direct acceptance of cryptocurrency in 2014 based on requests from our volunteers and donor communities. We are making this decision based on recent feedback from those same communities,” the announcement from the foundation reads.　　According to the Wikimedia Foundation, the implication of the move is that it will close down its Bitpay account, removing its capacity to

2022-05-03Malalim na Pagsisid

Global Payments Associates with Bakkt to Offer Cryptocurrency and Loyalty Programs

Bakkt Holdings, Inc, a fintech startup that provides crypto solutions, established a strategic agreement with Global Payments Inc, a US firm that provides payment technology and services to merchants, issuers, and consumers, on Monday, to increase cryptocurrency use cases.　　As a result of the strategic relationship, Global Payments will be able to offer cryptocurrency redemption to its consumers. Global Payments will also be able to expand its banking-as-a-service bankcard options to include consumer access to cryptocurrencies, as well as leverage its issuing technology to integrate crypto into its virtual, debit, credit, and prepaid solutions as a result of the agreement. Furthermore, Bakkt will work with Global Payments to accept transnational merchant payments.　　The latest breakthrough is part of Bakkts ongoing attempts to increase crypto usage inside the payment ecosystem.　　Bakkt teamed with American Bank last month to enable the banks customers to buy, sell, and keep Bitcoin and Ethereum. Bakkt recently teamed with Wyndham Hotels s rewards members to utilize their points with Apple Pay and Google Pay.　　Bakkt teamed with Google last October to bring digital assets to millions of consumers. Google was able to broaden the reach and use of digital assets as a result of the relationship, in order to fulfill

2022-05-03Malalim na Pagsisid

Robinhood Lays Off 9% Workforce, Shares drop

Robinhood is laying off 9% of its full-time workforce, CEO Vlad Tenev announced, as the shares of the companys stock hit a new low.　　Tenev, in a blog post, said that the lay-offs came after a headcount growth that “led to some duplicate roles and job functions, and more layers and complexity than are optimal.”　　According to Reuters, the online trading platform had 3,400 employees, so around 300 people may be affected by the cut.　　Since the beginning of 202, Robinhood has witnessed an increase in its employees from 700 to 3,800.　　Regardless of the lay-off, Robinhood claims that its financial position is strong. Tenev announced that the company has over $6 billion in cash on its balance sheet.　　Tenev said, “after carefully considering all these factors, we determined that making these reductions to Robinhoods staff is the right decision to improve efficiency, increase our velocity, and ensure that we are responsive to the changing needs of our customers.”　　Following the news of the lay-off, shares of the companys stock closed at $10 on Tuesday, the lowest price since Robinhood went public in July 2021.　　Robinhoods layoff announcement comes days before the company is expected to report its Q1 2022 financial performance.　　The company posted a $423 million

2022-05-02Malalim na Pagsisid

Zcash Co-founder "John Dobbertin" is Actually Edward Snowden

Edward Snowden has been revealed as one of the co-founders of Zcash, after he gave his fellow co-founder Zooko Wilcox permission to disclose his involvement.　　Until now, Snowden was known by the pseudonym “John Dobbertin”.　　The identities of the other five co-founders have already been revealed. His identity was revealed while taking part in a new documentary for Zcash, where he gave his Wilcox permission to disclose his involvement “as long as it is clear that I was never paid and had no stake.”　　Snowden is popularly known as a whistleblower at the National Security Agency (NSA). While working at the NSA, Snowden released thousands of documents that revealed how the United States was spying on its own citizens. Following this, he moved to Russia after receiving asylum.　　He has become a strong advocate of privacy.　　Snowden has criticized Bitcoin for its privacy concerns saying it is an “open disaster”.　　Zcash has become known for its transaction system which occurs in two pools called “Sprout” and “Sapling.” Both require their own key for access.　　According to Zcashs official website: “Zcash is a privacy-protecting, digital currency built on strong science. With Zcash, people can transact efficiently and safely with low fees. Shielded Zcash ensures transactions remain confidential while

2022-05-02Malalim na Pagsisid

AI-Generated NFT Collection to Preserve Ukrainian Art and Offer Humanitarian Support

Through a global coalition of advocates, digital innovators, artists, and educators, an AI-generated NFT collection has been established to conserve Ukrainian art and raise funds for humanitarian aid.　　Dubbed MINT FOR UKRAINE, the non-fungible token (NFT) collection of one million artworks is seen as a stepping stone toward keeping Ukrainian culture in the history books. 　　Tymofiy Mylovanov, the President of the Kyiv School of Economics, noted:　　“There is no nation without its culture. Now with the help of AI and the blockchain, we have a chance to make pieces of Ukraine stay forever in the worlds history. While we are fighting for the freedom of our country, join us in the fight for our culture and help Ukraine.” 　　Minting the NFT art pieces will be done for free after creating a wallet and donations channelled through crypto or currency of choice. Per the announcement:　　“Up to 10% of donations are directed to support the Ukrainian culture (artists and cultural institutions), while the remaining 90% are devoted to humanitarian support of Ukraine, through the vetted network of charities.”　　Phil Bosua, the creator of the collection, pointed out:　　“I think the human/AI collaboration is the next great art movement. We now have a direct line from thought

2022-05-02Malalim na Pagsisid

CEX.IO Recognized as One of the Top Ten Safest Cryptocurrency Exchanges by CryptoCompare

Cryptocurrency exchange CEX.IO has been recognized ninth among the top ten safest cryptocurrency exchanges by CryptoCompare, an independent global cryptocurrency market data supplier.　　CEX.IO, founded in 2013 in the United Kingdom as one of the first cloud mining providers, has evolved into a regulated multi-functional cryptocurrency exchange trusted by over a million customers.　　CEX.IO provides cross-platform trading through website, mobile app, WebSocket, and REST API, with access to a high liquidity order book for the markets leading currency pairings. A simpler bundle interface allows for instant Bitcoin purchasing and selling.　　CryptoCompare evaluated over 150 global spot exchanges in the present market for Know-Your-Customer (KYC) or trading risk, asset diversification, market quality, data provision, team/exchange, and security.　　The Benchmark assigns an AA - F score to help identify the industrys lowest risk venues. In these categories, CEX.IO scored a “A.”　　Coinbase ranked first in the current CryptoCompare benchmark, followed by Gemini, Bitstamp, and Binance.　　CEX.IO was also just named one of the top 20 finest cryptocurrency exchanges in the world by Forbes.　　According to the companys official website, “The Gibraltar Financial Services Commission granted CEX.IO Limited a Distributed Ledger Technology (DLT) license (GFSC). CEX.IO Corp. has secured Money Transmitter Licenses (MTLs) in 26 US states and is aiming

2022-05-02Malalim na Pagsisid

Blockchain in Manufacturing Market Expected to Hit $17 Billion by 2027

The urge to streamline operations and track assets with unprecedented precision are some of the factors expected to make the blockchain in the global manufacturing market hit $17.047 billion by 2027, according to a report by Research and Markets.　　This market was worth $717.6 million in 2021 and is anticipated to record a compound annual growth rate (CAGR) of 66.4% during the 2022 to 2027 forecast period. Some of the key market players in manufacturing have been deploying blockchain technology to generate smart home solutions like smart meters. 　　Therefore, the need to revamp manufacturing processes to lower production costs and lead time is expected to enhance the growth of this market. Blockchain is also being leveraged in manufacturing to offer significant visibility into the supply chain. Per the announcement:　　“Suppliers are integrating internet of things (IoT) sensors with blockchain to create a tamper-proof record of shipping conditions on cargo containers. This, coupled with the increasing application of blockchain technology to store and analyze data of manufacturing equipment and products, is positively influencing the market.”　　The use of smart contracts availed by blockchain technology is also helping trading partners in the manufacturing sector undertake transparent processes. 　　Per the report:　　“The rising utilization of blockchain technology

2022-05-02Malalim na Pagsisid

Nissan and Toyota Enter the Metaverse in Grand Style

Japanese auto giants Nissan and Toyota have entered the metaverse in grand style, as reported by Nikkei Asia.　　According to the media outlet, both auto companies are exploring advances in the metaverse to create new experiences for their users.　　The report has it that while Nissans primary focus hinges on creating virtual reality rooms for its customers, Toyota wants to make new access so that its interested staff can have another alternative to interact with one another using their digital avatars.　　“As more people are working from home because of the coronavirus, we are offering young employees and others communication options within the company,” a Toyota representative said, noting that the coronavirus pandemic is stirring this new alternative communication model.　　Both Nissan and Toyota are bringing their metaverse experiences to life thanks in part to a partnership with VRChat, a virtual reality video game developer. Beyond the primary goals, new showrooms, and exhibitions, amongst other immersive experiences, are billed to be introduced by the auto giants.　　Both companies have not yet affirmed which of the growing metaverse-development platforms they will be partnering with to bring their metaverse experiences to the mainstream public. 　　Auto Giants Are Adopting Web3.0 Tech　　The metaverse moves by Nissan and Toyota are

2022-04-29Malalim na Pagsisid

NFT Pangolin Introduces Zetrix-based NFT Minting

Minting of Zetrix-based NFT begins trading on the worldwide NFT Pangolin marketplace.　　NFT Pangolin is a worldwide marketplace where regional producers, primarily in Asia, can issue and sell their one-of-a-kind crypto-secured assets to collectors.　　Meanwhile, Zetrix, a layer 1 blockchain that recently released its primary net on April 15, connects smoothly with the Xinghuo Blockchain International Supernode, Chinas largest national-level blockchain network operated by the China Academy of Information and Communications Technology.　　Because of the blockchains proof-of-stake (POS) PBFT+DPOS consensus process, using the Zetrix blockchain to generate NFTs consumes less carbon energy than utilizing the energy-consuming Ethereums NFTs.　　Minting on the Zetrix blockchain is anticipated to use 100,000 times less energy than minting on Ethereum for the same NFT.　　Furthermore, when Zetrix makes NFTs, gas expenses are rather low, and participants will profit from being compatible with Spark BIFs.　　China has recently become a major player in the metaverse and non-fungible token (NFT) industries.　　Xpeng, the countrys electric vehicle manufacturer, introduced car-themed NFTs on Jingtan, an NFT marketplace founded by e-commerce company Alibaba.　　According to blockchain.news, Tsinghua University has opened Chinas first metaverse laboratory, which will investigate the emergence and spread of the countrys new digital business.　　As a reminder, WikiBit is ready to help you search the qualifications

2022-04-29Malalim na Pagsisid

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