Mga Gabay, Kaalaman at Insight sa Crypto

Ripple Announces NFT Incubation Program

As the SEC vs Ripple lawsuit took a significant turn, Ripple sets out to launch the worlds first NFT incubation program. The fact that Ripple NFT Creator Fund is designed as a long-term project to develop Ripples own NFT ecosystem proves that Ripple does not expect to lose the lawsuit.　　The U.S. Securities and Exchange Commission (SEC) claimed that XRP was unregistered security and filed a lawsuit against Ripple and both its executives on December 220, 2020. The case has been going on ever since, while the community held its breath watching its progress.　　A critical decision was made on the case last week. While it did not finalize the dispute, it practically marked Ripples triumph. Around the same time, Ripple announced that they are launching the first wave of their NFT Creator Fund.　　What is the NFT Creator Fund？　　NFT Creator Fund is a program where Ripple provides creators with necessary tools, financial support and access to potential partnerships to help them kick-start their NFT projects. The program will include creators to develop their NFT lines and NFT marketplaces who seek new talent.　　Ripple team announces that XRP Ledger has a built-in easy to use native token functionality called XLS-20d. During the first wave

2022-03-16Malalim na Pagsisid

Russian Crypto Volumes Slump After Binance Blocks Visa, Mastercard

Russian crypto trading volumes sank after Binance blocked cards issued by Visa and Mastercard in the country. While Russian citizens still have access to crypto exchanges, it appears that sanctions on conventional payment systems are affecting their ability to trade.　　While most crypto exchanges have opposed blanket bans on Russian users, they have stopped accepting payments from sanctioned banks and services, limiting the channels through which Russians can invest in crypto. This has also made people wary of storing their wealth in crypto, fearing a loss of access.　　Payment operators Visa, Mastercard and American Express have all suspended their services in Russia citing American sanctions. Most foreign banks have also ceased operations in the country.　　Data from digital assets data provider Kaiko showed that ruble-denominated trading volumes of Bitcoin and Tether had steadily dropped after Binance‘s move last week, and were now at levels seen prior to Russia’s invasion of Ukraine.　　Kaiko also noted a divergence between ruble and hyrvnia- denominated crypto trade. BTC-UAH buying surged in the wake of the invasion, indicating that Ukrainian traders were piling into crypto amid financial uncertainty.　　Ukrainian trading volumes have remained elevated, with Tether seeing high demand in the country. Citizens were seen paying an up to 20%

2022-03-15Malalim na Pagsisid

Solana to Replace Ethereum in Blockchain Gaming, Paradox Studios Founder Says

Compared to Ethereum‘s Solidity language when developing play-to-earn (P2E) games, the ease of use of Solana’s building language- Rust will give Solana a competitive edge, according to AmioTalio- the founder of UK-based animation and game development platform Paradox Studios.　　With blockchain gaming continuously accelerating the metaverse narrative, AmioTalio believes that the huge funding that Solana is offering developers is intended to woo them from the Ethereum network, and it is starting to take shape. He pointed out:　　“Solana will leave Ethereum in the dust this year when it comes to gaming. They now have a huge list of games looking to launch this year on Solana, which will take them into the lead position in this area, in my opinion.”　　Solana has already rolled out $400 million to enhance Web3 gaming in the last six months. 　　AmioTalio noted that he made these observations after meeting various specialists who disclosed the simplicity of Rust. He added:　　“When you realize every product or service is made by or provided by a business, you must realize the main goal of a business is to make money and maximize profit, so with low costs and high transaction speed and massive funding for gaming developers; the growth is going

2022-03-15Malalim na Pagsisid

Former Disney CEO Bob Iger Enters into Metaverse, Investing in Meta Company Genies

Bob Iger, the former CEO and chairman of the US diversified multinational mass media and entertainment conglomerate Disney, has made a personal investment in Genies, a digital avatar technology company, followed by joining the board of the Los Angeles-based metaverse firm.　　Iger, who stepped down as chairman of Disney last year, has joined the Genies board. Therefore, the executive will work alongside other Genies board members, including Bond‘s Mary Meeker, NEA’s Rick Yang and Genies co-founders Akash Nigam and Evan Rosenbaum.　　Iger is a new investor in Genies. Other investors in the company include Breyer Capital, Bond Capital, and New Enterprise Associates.　　Iger talked about the development and said:　　“I‘ve always been drawn to the intersection between technology and art, and Genies provides unique and compelling opportunities to harness the power of that combination to enable new forms of creativity, expression and communication. I am very excited about the company’s vision, and I look forward to working with the entire team. I will help Genies navigate its mission to empower humans to create their own avatar ecosystems (avatars, avatar fashion lines, avatar worlds, and avatar experiences) in web3.”　　Iger was the CEO of Disney for fifteen years (from 2005 to 2020) and stepped down as

2022-03-15Malalim na Pagsisid

Cosmic Champs: A Play-to-Earn Game That's Actually Fun

The growth of the NFT market is a well-known story by now. The craze around NFTs is even more intense than any of its blockchain counterparts as it indicates a convergence of the digital and the physical world. Globally recognized brands are leveraging NFTs to initiate digitally-enabled, experiential campaigns.　　The range of initiatives that a consumer can explore is limitless. While people can buy virtual plots through NFTs, they can also build a portfolio with investment exposure to the blockchain gaming industry. Wide-ranging investment opportunities are precisely the reason why the investment bank Jefferies raised its NFT market capitalization forecast to more than US$35 billion in 2022 and more than US$80 billion in 2025.　　In this article, we will take a closer look at Cosmic Champs, an emerging player on the Algorand blockchain making its mark in the play-to-earn (P2E) gaming arena by allowing you to battle rare 3D NFTs in real-time. In the Cosmic Champs universe, you can take to the arena to battle friend or foe, compete in tournaments and trade with fellow crews, all while exploring the cosmos. The cosmos is run by its native token $COSG, which you can use for a number of things, including staking, voting

2022-03-14Malalim na Pagsisid

altFINS Launches a Mobile App With Unique Crypto Trading Ideas

altFINS is a cloud-based platform that enables investors and active traders to screen, analyze and trade digital assets across exchanges.　　Crypto investors and traders are inundated with useless market noise. Instead, investors want to get clear, useful information on which coins are in an uptrend, have strong momentum, or are breaking out, as well as real-time news and upcoming major coin-specific events.　　altFINS Analytics Platform Cuts Through the Noise and Delivers Actionable Investment Ideas.　　Based on the feedback from our user community, we are thrilled to launch a mobile app that we believe delivers on our mission to help everyday crypto investors become successful.　　CEO and Founder of altFINS, Richard Fetyko, stated:　　“Since our launch of the web-based platform a year ago, we have ramped up our user base to tens of thousands monthly users. Their number one request has been a mobile app that gives them quick access to trading ideas. ”　　First version of our mobile app includes the most popular content:　　Automated chart pattern recognition that identifies coins trading in a wedge, triangle, inverse head and shoulders, channel, and 20 other trading patterns　　Curated charts: technical analyses on top 50 altcoins　　Real-time twitter news feed and events for over 5 thousand crypto projects　　Subsequent version releases in

2022-03-14Malalim na Pagsisid

Yuga Labs Acquires IP Rights to CryptoPunks and Meebits

Yuga Labs, the startup behind the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection, has acquired the Intellectual Property (IP) rights to the CryptoPunks and Meebits collections from LarvaLabs.　　As announced by the startup, the unveiled acquisition implies that Yuga Labs now own the CryptoPunks and Meebits brands, copyright in the art, and other IP rights for both collections, along with 423 CryptoPunks and 1711 Meebits.　　The emergence of LarvaLabs back in 2017 changed the capabilities of the Ethereum blockchain and re-aligned what potentials are inherent in the network, one that has been showcased with increased trading volumes in recent times. The acquisition has been tagged as a fusion of CryptoPunks, which represents the history of NFTs, and Bored Apes, arguably, the collection that pushed the world of digital collectables into the future.　　As detailed in the announcement, the deal was brokered organically between Yuga Labs Partner Guy Oseary and the LarvaLabs founder Matt Hall and John Watkinson. Despite the acquisition, the CryptoPunks creators will not be joining Yuga Labs; instead, they will continue developing the ecosystem around the two iconic collections.　　“Yuga Labs are the innovators of the modern profile picture project and the best in the world at operating these projects.

2022-03-14Malalim na Pagsisid

CBDCs Will Not Change the Role of Stablecoins, Says Tether CTO

With the International Monetary Fund (IMF) data showing about 110 countries around the world are currently developing their own Central Bank Digital Currency (CBDC), the subject has garnered a lot of thoughts from experts in the cryptocurrency ecosystem, one of them is Tether CTO- Paolo Ardoino.　　Speaking on Twitter, the Tether boss said the efforts by Central Banks around the world to float CBDC trails the pioneering move that the company made about 8 years ago when USDT, the worlds first and largest stablecoin was created. He noted that the current financial system is highly digitized, however, with a number of prominent flaws.　　According to Ardoino, the tech upon which todays traditional money was built came into use about 30 years ago, hence notably outdated. Noting that besides the fact that the technology “is not standardised at capillary level, it also requires an enormous amount of ”maintenance with enormous costs.　　In its Twitter thread, Paolo acknowledged that CBDCs will go mainstream and will possibly replace SWIFT and other legacy payment systems, however, he said the technology will not be able to change the role of stablecoins in the grande scheme of things.　　“CDBC will replace SWIFT etc., banks will accept transfers via CBDCs as

2022-03-11Malalim na Pagsisid

SoftBank's Tech Division Z Holdings Eyes NFT Marketplace

Z Holdings, the internet arm of Japanese multinational conglomerate SoftBank Group, is reportedly planning to launch a Non-Fungible Token (NFT) marketplace before the end of the year.　　As reported by Bloomberg, the marketplace is designed to help the company meet its mid-term revenue targets by tapping into the growing hype around digital collectables. 　　With the exact name of the proposed marketplace yet unknown, reports have it that the trading venue is likely to launch as early as Spring this year to attract users from over 180 countries. The aim of Z Holdings concerning the proposed NFT marketplace launch is billed to help boost the user base of its PayPay fintech unit to more than 90 million.　　NFT Marketplaces are an integral part of the growing world of collectables. With more than $17.7 billion transacted in NFTs in 2021, up by more than 21,000% according to a new report from Nonfungible.com, more mainstream companies are beginning to see the prospects in brokering deals for digital arts residents on the blockchain. 　　According to the companys co-CEO Kentaro Kawabe, the firm cannot afford to miss out on the opportunities provided by the emerging web3 space that includes markets like crypto, decentralized finance, NFTs, and the

2022-03-11Malalim na Pagsisid

10M ETH Staked in Ethereum Consensus Layer Contract

Formerly known as “Eth 2.0,” Ethereums “consensus layer” has amassed more than 10 million ETH staked.　　The Ethereum consensus layer—formerly referred to as “Ethereum 2.0”—deposit contract has surpassed 10 million Ethereum.　　The deposit contract allows for funds to be moved to Ethereums Beacon Chain.　　Additionally, nearly 2 million ETH have been burned since EIP-1559.　　The Ethereum consensus layer deposit contract has surpassed 10 million in ETH staked. This represents roughly 8% of the entire Ethereum supply. 　　Ethereums Roadmap　　　　Momentum surrounding Ethereums switch from Proof-of-Work to Proof-of-Stake seems to be building. 　　There is now more than 10 million ETH in the consensus layer (formerly known as Ethereum 2.0) deposit contract, according to Etherscan. The deposit contract permits Ethereum to be moved from Ethereums mainnet to the Beacon Chain. At current prices, this staked ETH is worth approximately $26 billion. 　　The deposited ETH was contributed by around 309,000 validators, each of whom put up at least 32 ETH. 　　Proof-of-Stake is a blockchain consensus mechanism whereby validators stake funds on the network in order to confirm new transactions. Ethereum currently utilizes Proof-of-Work, like Bitcoin, which is where “miners” use computer hardware to solve complex mathematical equations to earn the right to validate transactions (and subsequently win block rewards

2022-03-11Malalim na Pagsisid

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