Mga Gabay, Kaalaman at Insight sa Crypto

Ukraine Cancells Crypto Airdrop Program, Instead Embraces NFTs Plan

Ukraines government announced on Thursday that it cancelled its plan of a crypto airdrop for receiving donations towards its fight against last weeks Russian invasion. The authorities have instead stated that they will sell non-fungible tokens (NFTs) to raise funds to support its armed forces.　　Mykhailo Fedorov, Ukraines Vice Prime Minister, informed the public on Thursday that the nation has made the decision to cancel an airdrop for crypto donations that was announced on Tuesday and instead now plans to raise more funds through the sale of NFTs.　　“After careful consideration, we decided to cancel airdrop. Instead, we will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens.” Fedorov announced on his Twitter account.　　Ukraines government expected to start the airdrop yesterday (on Thursday) at 6 p.m. Kyiv time. However, the crypto airdrop program took an unexpected turn on Wednesday when scammers started targeting Ukraines fundraising attempts by creating a fake token designed to look official. Scammers created a fake token and made it look like it was the official airdrop token for crypto donors.　　The fake airdrop started almost an hour before the officially announced time, but Etherscan eventually flagged it as fake.

2022-03-04Malalim na Pagsisid

European Union To Ensure Russia Cannot Dodge Sanctions Through Crypto

The European Union will ensure that Russia cannot use cryptocurrencies as a means to dodge strict economic sanctions, French Finance Minister Bruno le Maire said. His comments come amid widespread debate on the matter.　　Speaking at a press conference after a meeting of European finance ministers, le Maire said the recent sanctions against Russia had disorganized its financial system, and paralyzed the central bank. European leaders also agreed to increase financial aid to Ukraine.　　“We have decided to work on complementary measures, in order to avoid the bypassing of our sanctions. Concerning the protection of our economies, we want close coordination at a European level, as we did during the covid crisis.” -le Maire　　The EU and the United States last week announced strict restrictions against Russian banks and elites, over the country‘s invasion of Ukraine. The most notable of these sanctions was Russia’s removal from the SWIFT transactions system, which effectively cuts off the countrys access to the global financial system.　　The United States had recently also included digital currencies in its Russian sanctions, and warned exchanges against allowing blacklisted entities.　　The Russian central bank had hiked interest rates sharply in response to the move, while President Vladimir Putin also announced restrictions on the

2022-03-03Malalim na Pagsisid

Animoca Brands to Halt Trading Services to Russian Users

Animoca Brands, a leading blockchain company and venture capital firm based in Hong Kong, announced on Wednesday that it would stop its trading services to Russian users in response to the invasion of Ukraine.　　Animoca further mentioned that besides blocking the accounts linked to Russian users, it would also halt selling shares to Russian investors.　　Yat Siu, the co-founder and Chairman of Animoca Brands, talked about the development and said: “the legal advice we‘ve been receiving is we now have to impose some restrictions. It’s a sanctioned country on par with North Korea. The moment we end up doing business in those areas, we might ourselves become financially excluded from the financial system.”　　Siu also stated that the decision would apply to the company‘s subsidiaries, such as Gamee and Lympo. However, the executive said that the decision would not have any material impact on the company’s performance because the firm doesnt have many Russian users.　　Gamee stated on Twitter that: “Ukraine, we stand with you,” and said that it is shutting down its services to Russians. Likewise, Lympo also mentioned in a Medium blog post that it would stop onboarding new Russian athletes, halt publishing Russian athlete NFTs, and stop negotiations for new partnerships

2022-03-03Malalim na Pagsisid

Blockchain Payment Company Facepay Launches Facepay Crypto Service

Blockchain payments company Facepay Inc. announced Tuesday local time for the release of Facepay Crypto, bringing cryptocurrency payments to auto stores.　　Facepay Crypto will allow auto shops to accept Bitcoin, Ethereum and other cryptocurrencies directly from customers, replacing the complex payments associated with traditional payments such as credit cards that can lead to chargebacks, fraud, and more.　　Facepay founder Dr. Mark Hale said:　　“Consumer cryptocurrency will only increase over time, and repair shops should be investing in the right technology to take advantage of it. If not, Bitcoin will be just another payment method that costs shops money. Every direct payment made with Facepay results in a 15 -20% more profitable transaction.”　　Facepay is a relational payment on the blockchain. It offers small business contactless, mobile, and zero-fee pay-through-text and pay-through-scan payment solutions. They eliminate credit card fees by converting their customers to direct debit on the blockchain.　　“When Facepay is an integral part of shop workflow, shops start seeing huge savings. On top of that, 63% of consumers prefer this type of payment relationship with their service providers anyway,” Hale added.　　As cryptocurrencies have crept into the mainstream market, there is currently no direct crypto banking offering the security of blockchain technology specifically for auto

2022-03-03Malalim na Pagsisid

Ukraine Opens Channel for Dogecoin Donations Towards Relief Efforts

As the Russia-Ukraine war rages on, Ukraine has increased the number of digital currencies it now accepts from donors, particularly those in the cryptocurrency ecosystem.　　In a tweet shared on Wednesday by Mykhailo Fedorov, the vice prime minister of Ukraine, holders of Dogecoin (DOGE) can now send donations to the memecoins address he shared via the tweet.　　As Ukraine continues to fight to liberate itself from the Russian invasion which began on February 26, a number of well-wishers have donated a cumulative of over $35 million. However, the new allowance being given with the announcement of Dogecoin will go a long way in bringing more donors to support the almost war-torn country.　　“@dogecoin exceeded Russian ruble in value. We start to accept donations in meme coin. Now even meme can support our army and save lives from Russian invaders,” Mykhailo said in the tweet, tagging Elon Musk and Billy Markus, the founder of Dogecoin in a bid to help the tweet gain publicity.　　Beyond Dogecoin, a lot of blockchain protocols have also been making contributions to the relief efforts in Ukraine as well as in the support of the army. For instance, Gavin Wood, the founder of the Polkadot blockchain donated the sum of

2022-03-03Malalim na Pagsisid

PayMaya and Facebook Novi Philippines Receive Virtual Currency Exchange License from the BSP

Mobile e-wallets Paymaya and Novi Philippines Inc. are now added to the list of firms licensed by the Banko Sentral ng Pilipinas (BSP) as Virtual Asset Service Providers (VASP). The firms were added to the latest list published by the central bank December 31st of last year.　　What are VASPs？　　　　Under the BSP Circular No. 1108 or the Guidelines for VASPs issued in January 2021, the BSP recognizes the evolving virtual asset systems or markets, and the risks associated with it because of its underlying features — anonymity, volatility of prices and “velocity” of transactions. The central bank considers VASPs as money service businesses, when fiat money is converted into virtual assets, and are still transferable and be used for payment.　　Virtual Asset Service Providers are entities that facilitate exchange between virtual assets and fiat currencies, exchange between virtual assets, transfer of virtual assets, and custody of these assets.　　Paymaya Philippines Inc.　　According to its website, PayMaya states that it is the only end-to-end digital payments ecosystem enabler in the Philippines, with platforms and services that cut across consumers, merchants, communities, and government.　　The popular e-wallet and fintech app provides more than 41 million Filipinos with access to financial services through its consumer platforms. Customers can

2022-03-02Malalim na Pagsisid

FC Barcelona Exploring Metaverse And NFT Opportunities

Spanish football club FC Barcelona is one of the biggest names in global sport. And Barca is no stranger to playing in crypto, either. Earlier this year, for example, we covered the clubs exploration with Polkadot as a potential jersey sponsor. While streaming audio service Spotify closed the deal with the club, the fact that major players like Polkadot (as well as Binance, in this case) are in the conversation with the biggest clubs in sport is bullish for crypto engagement at large.　　Lets take a look at the latest from FC Barcelona on the blockchain front, and what we can expect from the club moving forward.　　FC Barcelona Exploring New Opportunities　　The latest news to hit the wire this week is that the Barcelona club, one of the most recognizable names in sport, is looking at several different blockchain-based opportunities, including a “Barca metaverse,” NFTs, and even their own cryptocurrency.　　Club president Joan Laporta spoke at the Mobile World Congress 2022 and stated that the club would like to create their own cryptocurrency to “survive financially.” They would be the first major sports club to issue their own dedicated crypto token. Laporta elaborated in saying:　　“We want to create our own cryptocurrency, and we

2022-03-02Malalim na Pagsisid

Blockchain Game Mecha Morphing Completes Private Round of Financing

Mecha Morphing has completed its private round of financing led by YGG SEA and IVC. More than 20 institutions including SHIMA Capital, Innovion, AC Capital, and Sfermion participated in the investment. The specific investment amount has not yet been disclosed.　　Mecha Morphing is a well-crafted fully decentralized high-quality ARPG game. The game is set in a future time. The style is a unique fusion of cyberpunk with mecha wasteland. Coupled with high-quality combat graphics, it will bring players a visual feast.　　Mecha Morphing is a game that was carefully created by a team with rich experience in their respective fields to ensure the success of the project. The team was carefully curated to meet the increasingly high-quality requirements of players for blockchain games and to solve the issues found in many blockchain games today. They put a lot of effort into making it both visually stimulating as well as enhancing the options for playability. It is a high-quality blockchain game that also allows players to earn while playing.　　Players in the world of Mecha Morphing earn income by participating in and contributing to the games ecosystem. The game currently includes PVE, PVP, mission system, achievement system, equipment casting upgrade system and other gameplay.

2022-03-01Malalim na Pagsisid

Coinbase Is Latest Exchange to Deny Ukraine Request to Block Russian Crypto Users

Coinbase and other crypto exchanges say, however, that theyre complying with sanctions.　　The Ukraine Minister of Digital Transformation requested that major crypto exchanges block Russian users.　　Exchanges have thus far declined to do so.　　Instead, Coinbase and others are pointing toward their compliance with international sanctions.　　Coinbase “will not institute a blanket ban on all Coinbase transactions involving Russian addresses,” despite a request from a Ukrainian government official to do so.　　A spokesperson for the popular U.S.-based exchange told Decrypt, “A unilateral and total ban would punish ordinary Russian citizens who are enduring historic currency destabilization as a result of their governments aggression against a democratic neighbor.”　　Ukraine has raked in $20 million in Bitcoin donations earmarked for military support since being invaded by Russian forces. But its aware that its enemy can just as easily use cryptocurrency to get around sanctions or relieve economic pressures on its people.　　Over the weekend, Ukraines countrys vice prime minister and Minister of Digital Transformation, Mykhailo Fedorov, publicly appealed to “all major crypto exchanges to block addresses of Russian users.” Fedorov tweeted in English: “Its crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.”　　Coinbase joins a list of other cryptocurrency

2022-03-01Malalim na Pagsisid

Say It Again: NFTs Are More Than Digital Art

A lack of understanding from sceptics should not blunt our NFT enthusiasm.　　NFTs (or Non Fungible Tokens) have been on the tips of everyones tongues for the last few months. Brands from Givenchy to the NBA are getting in on the game. Their adoption by the mainstream has been so quick and so profound that last year Collins Dictionary even made the term their word of the year for 2021.　　However, just because we‘ve been talking about NFTs does not mean that everyone is a convert to the cause. The fact that in the last 30 days (at the time of writing), 9 of the top 10 NFT sales were Bored Apes or Cryptopunks — the two kings of NFTs — is proof that the wider NFT market has yet to capture the public’s imagination. If you‘ve heard about NFTs in the press, chances are that article was illustrated with a Bored Ape or a Cryptopunk. Last year, a bundle of 101 Bored Ape NFTs went for $24 million, and a Cryptopunk resold for nearly $12 million at Sotheby’s. Despite the myriad of new NFT projects launching every day, legacy tokens with established resale value are still king.　　The way much of the

2022-03-01Malalim na Pagsisid

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