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Pamilihang pandaigdig # Regulatory na inspeksyon Platforma

Ethereum 2.0 Continues to Gain Steam, Staked ETH Tops 10 Million

The transition to Ethereum 2.0, which was renamed the consensus layer, continues to gain momentum because the amount of staked Ether is nearly 10% of the entire ETH supply. The transition to Ethereum 2.0, which was renamed the consensus layer, continues to gain momentum because the amount of staked Ether is nearly 10% of the entire ETH supply.　　Crypto research firm Delphi Digital explained:　　“Over 10 million of ETH has been staked in the ETH2 deposit contract, 8.56% of the total ETH supply. With the ETH2 merge slated for end-Q2, yields for staking ETH with validators are expected to increase as transaction fees previously earned by miners will now be earned by validators.”　　The continuous growth of the ETH 2.0 paints an optimistic picture that investors are still confident about the much-anticipated merge.　　Established in December 2020, Ethereum 2.0 intends to shift the ecosystem from the current proof of work (PoW) framework to a more cost-effective and environmentally friendly proof of stake (PoS) consensus mechanism. 　　The number of validators on the Ethereum network has also been increasing, given that it recently hit the 300,000 mark. 　　With the transition to ETH 2.0 slated for Q2 2022, validators will take up the role of miners when

2022-03-21Malalim na Pagsisid

Here's why war in Ukraine is bound to transform the nature of donations

The global crypto community raised and donated approximately $25 million through various official channels.　　When Russia invaded Ukraine, large numbers of people from around the world immediately pledged their support to the country under siege, donating their time and money to the cause. However, not many of their initial attempts were successful. Some fundraising pages for the country, such as Patreon, were removed for no apparent reason. Anyway, this is not the entire story. Heres how, despite being bombed, innovators managed to do the right thing while working for a more decentralized future for the industry.　　Unconditional Support and Global Struggle　　When the conflict erupted and all of Ukraine‘s major cities, as well as its economic and commercial centers, were attacked, it became clear that traditional funding would be rendered ineffective if all banks ceased to function. Back then, Mykhailo Fedorov, Ukraine’s vice prime minister, said, “Now even meme can support our army and save lives from Russian invaders,” referring to the well-known Dogecoin.　　Aid for Ukraine, a platform in the form of a decentralized autonomous organization (DAO) established by Solana in collaboration with the Ukrainian government, was the first milestone in the entire crypto donation process. At this moment, this charity initiative holds

2022-03-21Malalim na Pagsisid

Yuga Labs Teases 'Otherside' as its Potential Next Project

For anyone that has been following the events in the digital currency ecosystem very well, Yuga Labs will be a prominent name that can be reckoned with.　　This is partly for being the brains behind the most prestigious Non-fungible Token (NFT) collections in the ecosystem, including Bored Ape Yacht Club (BAYC) and CryptoPunks.　　While the Yuga Labs names might not have been resounding enough, the Bored Ape brand must have been. Last week, the team also floated the ApeCoin (APE) token, which rose to become the best performer as detailed by Blockchain.News. While many might have applauded Yuga Labs for championing innovations and ecosystem utilities in the digital currency ecosystem, the team has teased another project slated for April.　　The project is called ‘Otherside’, and the teaser featured an animated Bored Ape NFT smoking Tobacco in what appears to be a metaverse-themed world. The Bored Ape made connections with other Yuga Labs-backed NFT collections housed in what looks like a spaceship. Besides the intriguing teaser, no additional detail was shared that can hint at what the Otherside is likely to look like.　　With the reputation that Yuga Labs has earmarked for itself in the NFT world, everyone, as gleaned on Twitter following the announcement,

2022-03-21Malalim na Pagsisid

Next Earth Soon to Launch Staking and Other Updates

Next Earth, the NFT-based metaverse replica of Earth with over $10 million in sales of virtual real estate, has announced that it is now in staking development, following the discovery phase of staking.　　The staking project is expected to launch in June 2022. This means that users holding any virtual real estate on Next Earth will be able to generate one UNIT per tile of land per month. Users will be able to generate staking wallets by spending UNITs, enabling them to get an APR on their NXTT holdings.　　As described in Next Earths updated white paper, in the future there will be the opportunity to get multipliers for unit generation from activities such as buying new packs of virtual land or skins.　　There will be 5 levels of staking wallets available (larger wallets costing more units), allowing users to achieve a higher monthly APR if they wish.　　The monthly APR is variable based on the size of the decentralized reward pool. Next Earth has already committed $1 million worth of NXTT into that decentralized reward pool to kick off staking.　　There will be a finite amount of staking wallets available each month, which will be issued on a first-come, first-serve basis. The number of

2022-03-18Malalim na Pagsisid

Pi Network Instigates New Comprehensive KYC

Only miners who complete their KYC would be able to transfer mined Pi coins from testnet to mainnet.　　Pi KYC Is Live　　Mobile-based blockchain, Pi Network, has introduced a new comprehensive know-your-customer (KYC) for miners. After running a pilot-test of its native KYC solution with a few users, Pi has deployed its KYC on a large scale.　　The Pi Team tweeted about the commencement of the mass KYC on March 16. Miners access to KYC will follow a phased approach to avoid Pis KYC system getting overwhelmed by an inrush of applications. The KYC backend is designed to balance system load with the number of available application slots. Each user will receive a prompt in the Pi mining app once theyre eligible to apply. 　　“Attention Pioneers. Mass KYC is being rolled out! Pi Network is releasing the KYC solution on a large scale to Pioneers around the world. Look for a pop-up in the mining app when you are eligible, or check the KYC app in the Pi Browser,” Pi Network announced.　　Following the launch of the enclosed version of its mainnet on December 29 last year, Pi is now optimizing its network in preparation for the Open Mainnet phase. During the enclosed mainnet

2022-03-18Malalim na Pagsisid

Ripple Commits 1 Billion XRP To Expand XRPL Developer Grants

Crypto payments firm Ripple has announced that it is giving out 1 billion XRP as part of a grants programs aimed at helping support up and coming developers for the open-source XRP Ledger.　　According to Ripple, the grants program is set out for distribution over the coming 10 to 20 years, and will be granted as supporting resources for projects creating payment-oriented applications and technologies. Based on current pricing, the funding amounts to roughly $790 million.　　Aside from this latest announcement, Ripple has already been providing a grants program through its XRPL Grants, which has so far completed two rounds of project deliberations. Out of over 100 applicants from the previous session, UK-based educational blockchain credentialing platform VerifyEd has won the $100,000 grant.　　“Providing the opportunity for any developer to join the XRPL community and leverage the features of this carbon-neutral, public blockchain — speed, cost efficiency, scalability — is a key driver behind these funds,” shares Julia Heitner, Program Manager for XRPL Grants.　　According to Ripple, it has already received over 4,000 NFT project applications for the grants, all of which will become part of the growing XRPL NFT ecosystem.　　The next round is open for applications until March 28th, and eligible projects include

2022-03-18Malalim na Pagsisid

Binance Gets Business License to Offer Trading Services in Dubai

Binance, the world‘s largest cryptocurrency exchange by trading volume, announced Wednesday that it has obtained a license from Dubai’s Virtual Asset Regulatory Authority (VARA) to carry out some business operations in the region.　　Binance received the greenlight as Dubai adopted its first law governing virtual assets last week and formed VARA as a market regulator to oversee the sector.　　In a statement, Binance said, “the exchange will be permitted to extend limited exchange products and services to pre-qualified investors and professional financial service providers. All licensed VARA service providers will be monitored progressively to open access to the retail market.”　　As part of the agreement, Binance said that it would also anchor a blockchain technology hub in the Dubai World Trade Centre (DWTC).　　Helal Saeed Almarri, DWTC Authority Director-General, further elaborated about the announcement and said: “Binance will be able to operate its regional business from Dubai in the newly announced regulatory ecosystem that is subject to comprehensive legislation and internationally applicable policy frameworks.”　　The United Arab Emirates (UAE) has been pushing to build the virtual asset sector and regulation to attract new business forms as regional economic competition rises.　　In December, Binance disclosed that it was collaborating with DWTC to assist in creating an international

2022-03-17Malalim na Pagsisid

Crypto Market Rises As Ukraine Legalizes Cryptocurrencies

The Ministry of Digital Transformation of Ukraine on Wednesday announced that Ukrainian President Volodymyr Zelensky has signed the Law of Ukraine “On Virtual Assets,” marking another win for the crypto market. This happens after the Ukrainian government successfully raised almost $100 million in crypto and bitcoin donations.　　The crypto market responded and soared higher after the legalization of cryptocurrencies by Ukraine, with the crypto market cap rising almost 5%. Moreover, major cryptocurrencies including Bitcoin, Ether, XRP, Cardano, Solana, Dogecoin, among others shoot nearly 5%.　　Ukraine Legalizes Digital Assets　　The crypto bill was initially introduced by the Ukrainian Parliament, Verkhovna Rada, on February 17, a week before the Russian invasion. The law legalizes the virtual assets market in the country, which will be regulated by the National Securities and Stock Market Commission and the National Bank of Ukraine.　　As per the conditions signed, the law defines the legal status, classification, and ownership of virtual assets. It enables crypto exchanges to register and work legally in the country under the regulatory framework by Ukrainian government agencies. Moreover, the banks will be allowed to open accounts for crypto companies to organize operations, the Ministry of Digital Transformation stated in a tweet.　　In addition, the law also encourages the

2022-03-17Malalim na Pagsisid

American Express Weighs Entry into Metaverse and NTFs Business, Trade Filing Shows

American Express (Amex), a US multinational corporation specialized in payment card services, is the latest to consider jumping on board into decentralized metaverse technology, also commonly known as virtual reality. That is according to the firms trademark applications filed on March 9.　　American Express has filed 7 new trademark applications for its logo, slogans, and items, including the “Shop Small” program, the Centurion black card, among others. The move signals that the multinational corporation plans to expand into the metaverse and provide branded NFTs (non-fungible tokens).　　Mike Kondoudis, a licensed metaverse trademark attorney, disclosed about the move via Twitter social media on Tuesday, March 15. Kondoudis revealed that Amex submitted the applications to the U.S. Patent and Trademark Office on March 9, with plans to provide NFT backed multimedia, crypto services, virtual banking, and exchange services among others.　　Mr. Kondoudis stated via Twitter social post: “American Express is a leading financial brand, and the value attached to the brand is significant. Clearly, American Express sees the potential of the Metaverse and is preparing its trademarks and brand for the virtual economy that will dominate it. Perhaps the most interesting aspect of these applications is that they appear to signal the start of a

2022-03-16Malalim na Pagsisid

"Unlucky": Agave and Hundred Finance DeFi protocols exploited for $11M

Agave and Hundred Finance have paused operations whilst investigations continue into the exploit.　　A hacker has made off with approximately $11 million in Wrapped ETH, Wrapped BTC, Chainlink, USDC, Gnosis, and Wrapped XDAI after using a “re-entrancy” attack on DeFi lending protocol applications Agave and Hundred Finance.　　The attack comes within 24 hours of news breaking of the Deus Finance exploit, where hackers stole over $3 million in Dai and Ethereum from the lending contract platform.　　Agave‘s token, AGVE, dropped by 20 per cent following the attack, according to data from CoinGecko. Hundred Finances’ token HND fell 3.5 per cent after it announced the exploit, however its since recovered to hit a 24-hour-high.　　“Agave is currently investigating an exploit on the agave finance protocol”, Agave tweeted on Tuesday 15th at 1:30pm UTC, “We will update you as soon as we know more.” It noted that the contracts have been paused until the situation is resolved.　　The Hundred Finance team also tweeted it was exploited on Gnosis chain, and has paused its markets whilst it pursued investigations.　　According to on-chain analysis, the address associated with the attacker has sent over 2,100 ETH, worth over $5.5 million, to a crypto mixer in an attempt to launder the stolen

2022-03-16Malalim na Pagsisid
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