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Pamilihang pandaigdig # Regulatory na inspeksyon Platforma

SWEAT: The Token to Convert Steps, Movement into Crypto

Sweatcoin plans to inspire people to live healthier lives by introducing a new token.　　The London-based tech companys SWEAT: The Token will be launched at the Paris Blockchain Week Summit which starts on April 13.　　According to Sweatcoin, the idea behind the token is to launch a global currency based on the value of steps and movement and the cryptocurrency will be minted purely by steps.　　Sweatcoins design is primarily to incentivise peoples health. It is a pioneering idea to empower people to improve their health and get paid for it.　　Currently, Sweatcoin is the only mobile application available in the market that pays people to walk.　　According to the companys report, Sweatcoins 60 million users walk an average of 20% more after downloading the app.　　The company has planned to give an opportunity this summer to over 63 million Sweatcoin users - who have walked over 20 trillion steps together - to connect their in-app Sweatcoins matched 1:1 with SWEAT tokens at a token generation event (TGE) timed. The event will be one of the biggest onboarding of people into crypto in history. 　　The SWEAT token will be issued by the Sweat Foundation.　　“We‘re turning movement into a valuable, recognisable currency with SWEAT: the token, and

2022-04-13Malalim na Pagsisid

Ripple Scores a Big Win against the SEC as Court Denies SEC's Motion

The ongoing legal battle between the United States Securities and Exchange Commission (SEC) and blockchain payments firm Ripple Labs Inc may be nearing its end, as Judge Sarah Netburn has denied the regulators motion for Reconsideration of the DPP Ruling in one of the latest court orders passed back in January.　　Per the order, the Judge demanded the production of certain SEC documents – after concluding they were not protected by DPP – in order to allow the defendants to challenge the SECs allegations that Ripple founder Chris Larsen and CEO Brad Garlinghouse were objectively reckless in believing that XRP was not a security and that Ripple was on “fair notice” that XRP was a security.　　As determined by the Judge, a reconsideration move is only triggered in the presence of an “extraordinary remedy to be employed sparingly in the interests of finality and conservation of scarce judicial resources,” and she does not believe the ongoing brawl between the SEC and Ripple is at that point yet.　　As it has been seen throughout the span of these court proceedings, the contentions lie in the SEC protecting internal documents from being accessed by the Ripple, a move that many close to the matter may

2022-04-13Malalim na Pagsisid

Robinhood Rolls Out Tokens Offerings, Adding SOL, SHIB, MATIC & COMP

To meet customer requests for a broader selection of cryptocurrencies, American financial services company Robinhood has listed Shiba Inu (SHIB), Solana (SOL), Polygon (MATIC), and Compound (COMP).　　Upon listing, Shiba Inu surged by more than 20%, increasing its market capitalization by $1.2 billion, according to CoinMarketCap. 　　The listing comes nearly a week after the company officially rolled out its long-awaited cryptocurrency wallet, providing access to more than 2 million customers. 　　Steve Quirk, Robinhood‘s chief brokerage officer, pointed out that the latest move showcases the firm’s commitment to the crypto space. He added:　　“Were excited to add more choices for our customers as we work to make Robinhood the best place to invest in crypto. As a safety-first company, we have a rigorous framework in place to help us evaluate assets for listing, and we remain committed to providing a safe and educational crypto platform.”　　As an algorithmic and autonomous interest rate protocol meant to develop open financial applications, Robinhood saw it fit to add Compound to meet customer needs.　　Furthermore, Solana prompts processing speeds to nearly 65,000 transactions per second by merging proof-of-history and proof-of-stake consensus mechanisms.　　By adding the new cryptocurrencies, Robinhood seeks to revamp its dwindling crypto trading revenue. For instance, according to

2022-04-13Malalim na Pagsisid

Bored Ape Yacht Club Enters the Movie Scene, Pairing with Coinbase

Seen as the face of the non-fungible token (NFT) market, the Bored Ape Yacht Club (BAYC) has entered the silver screen based on a series of animated short films called “The Degen Trilogy.”　　Bored Apes will serve as characters in the film to be hosted by the new media arm at Coinbase. The crypto exchange is expanding its scope by testing the field of film production. 　　The first three episodes of the series will be aired at an NFT industry event called NFT.NYC is slated for June. 　　For consideration in the series, Bored Ape owners have been asked to submit their apes together with character descriptions to be scrutinized by a Hollywood casting director.　　William Swann, the marketing director at Coinbase, noted:　　“You can think of this as a love letter to the NFT tech that has provided so much creative liberation for artists. We really look at (Bored Apes) as sort of our North Star in the NFT space. Theyve created such a massive and engaging community.”　　Upon release, the Coinbase website will serve as the gateway to accessing the films because viewers will be required to create a Coinbase wallet. 　　The series will also tie in with the launch of Coinbases NFT

2022-04-13Malalim na Pagsisid

First Shadow Fork Launches on Ethereum Mainnet,Transition to PoS Gains Steam

The move from proof-of-work (PoW) to proof-of-stake (PoS), known as the merge, attained a landmark achievement after the first shadow fork went live on the Ethereum (ETH) mainnet.　　As a the merges trial, the shadow fork is a means of stress testing state growth and syncing on the ETH network, according to Ethereum Foundation developer Parithosh Jayanthi. He added:　　“We additionally wanted a way to check if our assumptions work on existing testnets and/or mainnet.”　　Moreover, some information will be shared by both the shadow fork and the main Ethereum network. As a result, some transactions might emerge on both chains. 　　Having already processed 1,558,014 transactions at an average block time of 13.8 seconds, the shadow hardfork showcases what the merge will entail, according to the block explorer page by Ethereum Foundation developer Marius Van Der Wijden.　　Deemed as a historical event, Van Der Wijden came up with the shadow fork idea so that it could help with testing the merge. 　　The merge is slated for Q2 2022 and will act as the biggest software upgrade in the Ethereum ecosystem. Validators will take up the role of miners when it comes to the confirmation of blocks based on the amount of ETH staked, given

2022-04-12Malalim na Pagsisid

Mastercard Files for 15 Crypto & Metaverse Related Trademarks

Payment company Mastercard has filed for 15 trademarks related to NFTs, crypto and metaverse, The Block reported.　　The filings have an April 7 status date. They include NFT-backed multimedia, marketplaces for digital goods, and metaverse related payment transaction processing and e-commerce software business.　　According to the report, the trademark applications have been filed on a 1b basis - signalling an intent to use them in the future. However, a “bonafide intent” to use the trademark at a future date must be produced.　　1b filing system does not require evidence to the government that the trademark is already being used, unlike the 1a application system which is for “actual use.”　　Mastercards move to trademark crypto is another example of a growing number of payment giants entering the crypto industry.　　Rival company, Visa, has already made moves in the industry by adding crypto staff to the team and purchasing a CryptoPunk last summer.　　While, another payment company American Express also filed for similar trademarks last month as Mastercard for “downloadable computer software for facilitating the transfer of a virtual payment card to an electronic mobile wallet,” among other areas, The Block reported. 　　In another development, Mastercard inked a deal with Coinbase to support its NFT marketplace earlier this

2022-04-12Malalim na Pagsisid

Former BitMEX CEO Arthur Predicts $30K Price Target for BTC by June

In tandem with his call for a “crypto carnage” that is underway in the second quarter, former BitMEX Chief Executive Officer Arthur Hayes has predicted a price slump of $30,000 for Bitcoin (BTC) and $2,500 for Ethereum (ETH) by the end of June this year.　　Backing the Bearish Narratives　　Hayes is a veteran in the crypto investing game, and his prowess is well showcased in the BitMEX derivatives exchange which he co-founded. While tagging himself as a long-term crypto investor, Hayes believes the prices of BTC, ETH, and other cryptocurrencies have grown so much in the past weeks that a reversal is imminent.　　According to Hayes, the strong correlation between Bitcoin and the Nasdaq 100- an index of top tech stocks in the U.S., is enough grounds for the impending reversal that may befall the leading coin. He shared a series of chats that showed the high correlation with these stocks, and he said that a reversal in trend from these stocks is bound to stir a corresponding drawdown in the price of Bitcoin and Ethereum.　　With the effects of the coronavirus clearing across the board, Hayes also argued that the introduction of higher interest rates by the Feds bolsters the outlook of the

2022-04-12Malalim na Pagsisid

Bybit Launches Leveraged Token Products

Cryptocurrency exchange Bybit announced last Friday the launch of leveraged token products.　　The token products were released on the trading platforms spot exchange starting with two leveraged bitcoin tokens, BTC3L and BTC3S.　　Bybit recommended these leveraged tokens as short-term investment vehicles, which will allow traders to reap the benefits of leverage with no margin, collateral or liquidation risks.　　“They have no margin requirement, offering traders a diversified product that exposes them to greater gains,” the company said.　　The firm noted that the new tokens - BTC3L, BTC3S and BTC3 - serve as long and short trades on BTC with 3x leverage.　　“We are thrilled to offer our clients another great trading opportunity in launching leveraged tokens,” said Ben Zhou, co-founder and CEO of Bybit. “We are always looking for ways to help our users capitalize on market opportunities, and leveraged tokens are an excellent addition.”　　In other recent developments, Bybit successfully secured a deal with Formula 1 team Red Bull Racing.　　According to a report from Blockchain.News, following a 3-year deal, Singapore-based crypto assets trading platform Bybit became the Principal Team Partner for Oracle Red Bull Racing, one of the most successful Formula 1 team.　　As announced by Red Bull, the deal is worth $50 million annually and

2022-04-12Malalim na Pagsisid

Market Reactions to Elon Musk on not Joining the Board of Directors of Twitter

As confirmed by Parag Agrawal, the CEO of Twitter Inc, who announced on Sunday night that Elon Musk, Teslas CEO, has decided not to join the social media companys board. The market has different reactions to Elon Musks decision.　　Last week on Tuesday, Elon Musk spent $2.8 billion buying a 9.2% stake in social media company Twitter when he purchased 73,486,938 of common stock in the social media company. This purchase made him Twitters largest individual shareholder. Shortly afterwards, Twitter announced that the Tesla executive would be taking a seat on the companys board.　　However, in a tweet on Sunday night, Agrawal disclosed: “Elons appointment to the board was to become officially effective on April 9, but Elon shared that same morning that he will no longer be joining the board. I believe this is for the best. We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input.”　　Neither Agrawal nor Musk disclosed the reason for the rejection.　　Both Musk and Twitters management team had expressed excitement about the addition of the executive to the board.　　Musk has been a free-speech absolutist and a

2022-04-12Malalim na Pagsisid

ESPN and Autograph Sign First Multi-year NFT Deal

Multinational multimedia sports entertainment brand ESPN Inc. and Tom Brady-founded Web3 brand Autograph signed their first multi-year NFT agreement on Wednesday.　　The 10-episode ESPN+ documentary series titled “Man in the Arena: Tom Brady”,　　The Co-Founder and CEO at Autograph, Dillon Rosenblatt said that:　　“This unique collection around Toms Man in the Arena docuseries marks the beginning of our relationship with ESPN, As the first NFT partner for ESPN, the possibilities across sports and technology are endless, and we couldnt be more excited to get this content out to the world in a massive way.”　　The series consists of three ESPN Magazine covers featuring three stages of Bradys career, victories, and achievements. 14 stories in total. Brady will sign fifty versions of these NFT covers.　　The series would be produced by the media company Religion of Sports.　　As reported by Blockchain.News on January 20, Autograph, an Sports and entertainment-driven NFT platform, has raised $170 million in Series B funding co-led by a16z and Kleiner Perkins.　　As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!　　iOS: t.ly/UUCj　　Android: t.ly/cfYt　　Source: Blockchain News

2022-04-08Malalim na Pagsisid
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Pamilihang pandaigdig # Regulatory na inspeksyon Platforma

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※ Binibisita mo ang website ng WikiBit. Ang WikiBit at ang mobile app nito ay isang kasangkapan para sa mga gumagamit sa buong mundo upang suriin ang impormasyon tungkol sa pagsunod sa mga patakaran ng palitan. Pinapayuhan ang mga gumagamit na sumunod sa mga kaugnay na batas at regulasyon ng kanilang bansa o rehiyon kapag gumagamit ng mga produkto ng WikiBit.