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Pamilihang pandaigdig # Regulatory na inspeksyon Platforma

Ukraine Launches "NFT Museum" to Remember the War and Raise Funds

Ukraines Ministry of Digital Transformation announced last Friday that it has launched a MetaHistory NFT Museum, a blockchain-based collection of digital images of the Russian invasion of Ukraine.　　The Ukrainian government launched a non-fungible-token (NFT) collection to tell the story of Russian ongoing war in which it invaded its neighbour since February 24.　　Mykhailo Fedorov, Ukraines Vice Prime Minister who also runs the ministry of digital transformation, said that the collection is “like a museum of the Russian-Ukrainian war” that features a series of recent invasion events narrated in non-fungible tokens (NFT) in the form of digital art paired with written reflections.　　NFTs are any digital items like GIFs, music, painting, drawing, etc., that are recorded on a Blockchain distributed database. NFTs are immutable, and this means that they cannot be modified or edited once uploaded.　　Fedorov said each NFT art would represent a story from the war. Every piece of art would be backed by a reliable news source. “We want it to be cool, good-looking, and it takes time,” he stated. The executive said that minting the artwork in the form of NFTs will help preserve the story of the war while also raising funds for Ukraine.　　Artists who want to be featured

2022-03-28Malalim na Pagsisid

Binance Invests another $5m in Metaverse Startup Ultiverse

Binance is putting in a fresh $5 million investment in metaverse gaming startup Ultiverse after leading a $4.5 million seed investment a week earlier for the firm.　　The previous seed investment was announced in a blog post by Binance Labs, the venture capital arm and innovation incubator of Binance, on March 18.　　The raise was co-led by DeFiance Capital, and Three Arrows Capital and SkyVision Capital also invested.　　The initial $4.5 million raise was done by selling Ultiverses governance token MXS.　　However, according to both companies, Binances $5 million will be invested in the equity of Ultiverse.　　Additional investments have also been made to create a bond between the firms to allow Binance some say in terms of the teams future path, according to Nicole Zhang, director at Binance Labs.　　Binance Labs said that the proceeds of the initial seed round would help in creating a social gaming metaverse with BNB Chain - Binances blockchain.　　Zhang has claimed that BNB Chain is the only ecosystem capable of supporting gaming projects at scale.　　Currently, there are above 100 employees working on the Ultiverses games under the leadership of CEO Frank Ma.　　The startups first game Endless Loop - slated for a full launch in the first quarter of 2023 -

2022-03-28Malalim na Pagsisid

Top Coins to Watch This Week: BTC, ADA and LRC

Many wallet addresses that have been in losses for the better part of the year hit take profits on centralized exchanges in the past week as the broader digital currency ecosystem charted a very impressive growth momentum.　　The global crypto industry set a new record by crossing and maintaining support above the $2 trillion market capitalization this week for the first time in about 3 months.　　The trend set by the digital currencies has given a new leap to many cryptos and here are those picked out to watch in the coming week.　　Bitcoin (BTC)　　Bitcoin is still the industry leader by far with a current price, just a breakthrough above $46,000, atop a market capitalization of $889.7 billion. For Bitcoin, the growth is not unexpected seeing how impressed investors are in the wake of regulations and positive deeds in Ukraine for the past month. Investors, cutting across those in both retail and institution classes have witnessed the coin resilience to maintain support at $42,000 and many may want to tap into the current growth in a bid to avoid missing out on the potential price gains. All things being equal, Bitcoin is on track to print a new monthly price high as more

2022-03-28Malalim na Pagsisid

Singapore and Cambodia to Explore CBDC to Boost Payments Ecosystem

Singapore and Cambodia are notably exploring the use of Central Bank Digital Currencies (CBDCs) and digital currencies to improve their payment ecosystem efficiency as well as bolster the growth of startups across the board.　　Both ASEAN countries are capitalizing on the growth of e-commerce on their shores to bolster efficiency in their payments ecosystem, according to a South China Morning Post (SCMP) report.　　“Southeast Asia has been a very fertile ground for digital payment innovation,” Benedicte Nolens, head of the Hong Kong centre of the Bank for International Settlements (BIS) Innovation Hub, said during a panel discussion. “When you see online e-commerce growth, typically it goes fairly well with new payment mechanisms.”　　Singapore is known to be particularly warming up to the growth of digital currencies with a number of startups springing forth to offer services in this regard. While regulation may be slow in comparison with other nations, the Monetary Authority of Singapore (MAS), as well as the other regulatory bodies in the country, are more focused on long term value, hence the thought out process for licensing a business with emerging technology looking to do business on its shores.　　Besides the growth of private digital currency startups, Singapore is upfront in the

2022-03-28Malalim na Pagsisid

BlackRock CEO Believes Russia-Ukraine War in Boosting Crypto Adoption

BlackRock Chairman and Chief Executive Officer Larry Fink has lent his voice to describe the role of digital currencies in the ongoing war between Russia and Ukraine.　　In a letter to Shareholders on Thursday, Larry criticized Russias invasion of Ukraine, noting that it has set back about 30 years of globalization efforts.　　Of particular note is the acknowledgement of the role of digital currencies which he noted will help many countries record a paradigm shift in their view and approach to the nascent asset class. An excerpt of Larrys letter reads:　　“A less discussed aspect of the war is its potential impact on accelerating digital currencies. The war will prompt countries to re-evaluate their currency dependencies. Even before the war, several governments were looking to play a more active role in digital currencies and define the regulatory frameworks under which they operate,” 　　As correctly observed, digital currencies came to Ukraine‘s aid when the country called for help with more than $30 million contributed by the broader community to support the country’s efforts in repelling Russian forces. From Bitcoin (BTC) to Dogecoin (DOGE), and Non-Fungible Tokens (NFT), the backing the crypto ecosystem gave to the Ukrainian people has not gone unnoticed.　　Larry identified the move

2022-03-25Malalim na Pagsisid

David Beckham Joins Metaverse, Becomes DigitalBits Blockchain Global Brand Ambassador

Famous football star and entrepreneur David Beckham is appointed as a global brand ambassador for the DigitalBits blockchain.　　Beckham, as known as one of the most influential football players in the world, will help spread the transformative power of the DigitalBits blockchain to the masses.　　The DigitalBits blockchain is a first-layer protocol for NFTs to tokenize assets and support various brands created on their blockchains. With Beckhams close relationship with the brand, the partnership will facilitate DigitalBits collaboration with global brands such as Adidas, Maserati, Tudor, Sands, Diageo and EA.　　In addition to this, Beckham will launch a series of NFTs and other blockchain-based digital assets about himself on the eco-friendly DigitalBits blockchain.　　David Beckham says that:　　“I am always keen to find new ways to connect with my fans across the world. The moment I spoke with Al and the DigitalBits team, I knew that this was a major opportunity to create new experiences for my fans online. I have always taken pride in working with the best teams and I am so excited to work on my NFT collections and more innovations in the future.”　　“Im looking forward to working with Beckham to bring the transformative power of Blockchain technology to mainstream audiences and

2022-03-25Malalim na Pagsisid

LG Electronics Expands Business in terms of Blockchain Technology & Crypto

As part of its expansion plan beyond home appliances, South Korean tech giant LG Electronics intends to add blockchain, cryptocurrency, and medical devices as new sectors in its corporate charter, according to local news outlet Korea JoongAng Daily. 　　During the companys Annual General Meeting (AGM) held on March 24, shareholders approved these changes so that its new objectives would entail the brokerage and sale of cryptocurrencies and the development and sale of blockchain-based software. 　　When asked if the new business plan would include the establishment of a crypto exchange, the firms spokesperson responded, “nothing has been decided yet. We just mentioned business areas in a broad manner.”　　Creating crypto exchanges can face regulatory stumbling blocks, but this is not the case with developing and selling devices that aid in non-fungible tokens (NFTs) viewership. 　　Using Kakaos Ground X blockchain platform, LG Electronics introduced smart TVs with an NFT option last month.　　As a result, the electronics giant enabled the installation of NFT platforms where artworks in the form of non-fungible tokens would be traded on its smart TVs.　　LG Electronics also launched a digital art appreciation app dubbed Drops Gallery meant for the NFT artworks.　　As the crypto space continues to gain steam, more digital

2022-03-25Malalim na Pagsisid

Universal Music Label Acquires Ape NFT to Build Virtual Music Group

Universal Music Group has bought one of the popular non-fungible tokens (NFT) to build a virtual music group, according to Reuters.　　Universals 10:22 pm label purchased Bored Ape #5537 for $360,817 - a female character, now known as Manager Noët All. The NFT will lead a group that was founded in November called Kingship.　　Kingship only exists in digital form and it will also have a website and presence on messaging platform Discord. Future plans for Kingship include producing new music and hosting virtual performances in the metaverse.　　On Kingship, similar to Manager Noët All, all the band members are NFTs - three Bored Apes and a Mutant Ape, on loan from collector Jim McNelis.　　However, Universals idea of creating virtual bands is not new. Gorillaz, a virtual band formed in 1998, released seven albums on Warner Music Groups Parlophone label. While popular Japanese pop star Hatsune Miku is a hologram.　　Bored Ape #5537 is part of the Bored Ape Yacht Club NFT collection, one of the best-known collections on the blockchain. It is comprised of 10,000 anthropomorphic apes, each with distinct clothing, fur and expressions.　　Bored Apes popularity has turned them into a status symbol for celebrities, with investors, including “The Tonight Show” host Jimmy

2022-03-25Malalim na Pagsisid

PUBG Developer Krafton Joins Forces With Solana For Blockchain And NFT Games

The gaming company behind the smash hit PUBG Series will launch an “assault” into the NFT battlegrounds.　　The worlds leading video game publishers are experimenting with Web3 gaming, utilizing NFT assets and cryptocurrency-based ecosystems in the process.　　A well-known gaming company with a tremendously successful brand is developing blockchain-based games — specifically, on Solana.　　Krafton, the creator of PUBG: Battlegrounds (originally PlayerUnknowns Battlegrounds), announced a collaboration with blockchain technology platform Solana Labs on Wednesday to support the development and promotion of blockchain-based games and services.　　The South Korean game publisher Krafton, Inc. has been granted official rights to develop blockchain games on Solana networks as part of the agreement.　　PUBG To Have Metaverse Vibe　　These games are expected to have a metaverse-like aura, as they will incorporate interactive digital avatars as well as cryptocurrency-related prizes and services.　　The agreement may result in the integration of Krafton‘s games into the Solana blockchain, enabling players to conduct in-game transactions using cryptocurrencies such as Solana’s native token SOL, as well as the use of non-fungible tokens.　　PUBG is a prominent battle royale shooter franchise available on a variety of platforms. The series mobile Android and iOS editions have surpassed 1 billion downloads, while the PC and console entries have exceeded 75

2022-03-24Malalim na Pagsisid

FinTech Figure Launches Cryptocurrency Mortgage Products

Figure Technologies, a US financial technology company that operates both in the home equity and blockchain space, announced on Wednesday that it has launched a cryptocurrency-backed mortgage trading service that enables customers to borrow against their Bitcoin or ether to fund home purchases.　　While the full rollout is scheduled to take place in April, Figure has opened its waiting list for crypto-backed mortgages in the US, an effort that would let borrowers put up Bitcoin (BTC) or Ethereum (ETH) as collateral.　　The loan instrument will allow payments with the crypto collateral. Borrowers will be able to take out mortgages worth up to $20 million for a 30-year loan. Beginning in April, Figure will offer 30-year mortgages of up to $20 million in exchange for putting up an equal amount of cryptocurrency in either Bitcoin or Ether, as collateral.　　In a Linkedin post, Mike Cagney, the co-founder and CEO of blockchain startup Figure Technologies, disclosed that the company has opened a waiting list for its mortgage products (Crypto Mortgage and Crypto Mortgage PLUS), and those who signed up could receive them in April.　　Payment on the loan over the 30-year term can be paid in cash or with the crypto collateral, and would bear an

2022-03-24Malalim na Pagsisid
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