Wikimedia Foundation Called to Stop Accepting Crypto Amid Environmental Concerns

The Wikimedia Foundation is being asked to stop accepting cryptocurrency donations on behalf of Wikipedia, as scrutiny over the industrys carbon footprint persists.  Molly White, a longtime editor of Wikipedia who edits under the username GorillaWarfare, has submitted a proposal that seeks to end the Wikimedia Foundations acceptance of crypto donations.   The Wikimedia Foundation is a nonprofit charitable organization that has been set up to fund Wikipedia.   Whites concerns revolve primarily around the environmental impact of cryptocurrencies. Currently, Wikipedia accepts Bitcoin, Bitcoin Cash, and Ethereum.   White presented three key reasons for why the platform should end crypto donations.   First, she claims that “accepting cryptocurrency signals endorsement of the cryptocurrency space by the Wikimedia Foundation and members of the Wikimedia Movement,” adding that she believes Wikipedia is “mainstreaming the usage of ‘investments’ and technology that are inherently predatory.”   She also claims that cryptocurrencies “may not align with the Wikimedia Foundations commitment to environmental sustainability,” and that the Wikimedia Foundation “risks damaging [its] reputation by participating in this.”   Debating Whites proposal  Whites proposal, which was published on Tuesday, is followed by several sub-discussions and a vote.  It is important to point out that the proposal is not being judged by a majority vote, but instead

2022-01-14Malalim na Pagsisid

Solana Could Become The 'Visa Of Crypto': Bank Of America

The Bank of America strategist stated that Solana is set to take a slice of Ethereums market share, due to its advantages of low transaction fees, scalability and ease of use.  Bank of America digital asset strategist Alkesh Shah has predicted that Ethereum competitor Solana could become the “Visa of the digital asset ecosystem” in a Jan 11 research note.  The Solana network launched in 2020, and has since grown into the fifth largest cryptocurrency with a market capitalization of $47 billion. An order of magnitude faster than Ethereum, it has been used to settle over 50 billion transactions and mint over 5.7 million non-fungible tokens (NFTs).  Critics however argue its speed comes at the cost of decentralization and reliability but Shah thinks the benefits outweigh the drawbacks:  “Its ability to provide high throughput, low cost and ease of use creates a blockchain optimized for consumer use cases like micropayments, DeFi, NFTs, decentralized networks (Web3) and gaming.”  He went on to suggest that Solana is taking a slice of Ethereums market share due to its low fees, ease of use, and scalability while Ethereum may be relegated to “high-value transaction and identity, storage and supply chain use cases,” wrote Shah, as quoted by Business Insider  “Ethereum

2022-01-13Malalim na Pagsisid

Facebook's Meta Is Hiring Staffs Of Its Rivals To Build The Metaverse

Meta is targeting staff of Microsofts HoloLens augmented reality (AR) for its metaverse plans.  With Metas plan to build the metaverse already in full swing, reports from Wall Street Journal have indicated that the tech company has been poaching employees of rival tech firms like Microsoft and Apple.  Meta is poaching staff from Microsoft  According to the report, a former employee of Microsoft revealed that the tech firms augmented reality team had lost around 100 members to Meta.  He continued that the Meta had targeted those who had previously worked on Microsofts HoloLens augmented reality (AR) headsets.   This claim was corroborated by a dig into the LinkedIn profiles of some former staff of Microsofts HoloLens team which showed that over 40 had taken new positions at Meta.  In 2016, Microsoft began its works in the Augmented Reality space. This means that most of its staff are attractive to competitors like Meta, who would be able to reap the benefits of their experience in the space.  In a bid to further protect its staff from leaving, Apple has been offering bonuses around $50,000 to $180,000 to them. This is its attempt to prevent them from leaving for competitors.  Facebook renaming to Meta pushes interest in Metaverse to new

2022-01-13Malalim na Pagsisid

Bitcoin Might Reach $75,000 in 2022 on Internal Valuation Models: Swiss Bank CEO

Swiss Bank SEBA CEO Guido Buehler says his firms models see Bitcoin rising to $75,000 in 2022. Bitcoin presently trades up at $43,113 at press time, after a rebound from earlier lows of $39,650. Bitcoin remains down 37.49% from all-time highs of $69,000 attained on Nov. 10, 2021.  “We believe the price is going up, our internal valuation models indicate a price right now between $50,000 and $75,000, Im quite confident we are going to see that level. The question is always timing,” the CEO told CNBC at the Crypto Finance Conference in Switzerland on Wednesday.  Asked on what might drive the Bitcoin price up, the SEBA Bank CEO says institutional investors will help to boost the price of Bitcoin in 2022.  “Institutional money will probably drive the price up,” he said. “We are working as a fully regulated bank. We have asset pools that are looking for the right times to invest.”  The CEO believes that Bitcoin could retest the $69,000 all-time high but emphasizes that volatility will remain high.  Analysts hint at Bitcoin price reversal  Cryptoanalyst Will Clemente notes, Bitcoin entering the Buy Zone on Dormancy Flow. This bottoming signal has only flashed 5 times before in Bitcoins history.  Bitcoin entering the Buy Zone on

2022-01-13Malalim na Pagsisid

Binance Becomes Official Sponsor to AFCON 2021-2022

Binance becomes part of the ongoing AFCON tournament, strengthening the relationship between cryptocurrency and sports in Africa.  Cryptocurrency and sports have combined once again. This time, Binance has signed a partnership agreement with the Confederation of African Football (CAF) to become the official partner of the ongoing African Cup Of Nations (AFCON) tournament in Cameroon.   The agreement will make Binance the official cryptocurrency and blockchain platform of the biggest tournament in Africa. The worlds leading blockchain ecosystem and digital asset exchange announced the partnership deal via its official Blog on January 11.   “We are thrilled to announce Binance as an official sponsor of the 2021 TotalEnergies Africa Cup of Nations (AFCON) tournaments, taking place from January 9 till February 6, 2022, in Cameroon,” Binance Blog published.   Speaking of the partnership, CAF‘s general secretary, Veron Mosengo-Omba, expressed delight, adding that the cooperation will expand the protocol’s reach across football fans in Africa. In essence, Binance will engage the African community through football.   “I am delighted to welcome Binance as an official sponsor of the AFCON tournament this year,” said Veron Mosengo-Omba. “Through this partnership with CAF, Binance will connect further with its users and the African community through football.”   The move will

2022-01-13Malalim na Pagsisid

Stellar Development Foundation Launches New Account Model, How Users Will Benefit

Via an official blog post, the Stellar Development Foundation (SDF) announced a new account model called Muxed. Created to remove friction and facilitate user interaction with the account model based on this network, and the multiple services build on top of it, the Muxed accounts seem to be an important improvement for the entire ecosystem.  According to the post, a Muxed account is one that combines the GABC and 64-bit integer ID to create a “virtual” account under a traditional address. Due to its characteristics, a muxed account can be identified within a real account.  Thus, if there is a service or product using Stellar to pool multiple accounts, they can now manage them with more ease and will be able to eliminate burdensome issues, such as meme problems. The SDF has called on “products and services built on Stellar” to check if the validators are compatible with the new account model and asked them to “come up with a plan to implement” muxed accounts into their system. The organization said:  “Custodial services generally use muxed accounts to map incoming payments to an internal customer database. Businesses may use muxed accounts to map incoming payments to an invoice or customer account.”  Other characteristics for

2022-01-12Malalim na Pagsisid

Class Action Against EthereumMax Names Kim Kardashian, Floyd Mayweather Jr., As Defendants

A class action against EthereumMax and its promoters has named reality star Kim Kardashian, boxer Floyd Mayweather Jr. and former NBA player Paul Pierce among the defendants.   Plaintiff Ryan Huegrich brought the suit on behalf of all investors who purchased EthereumMax, or EMAX, tokens between May 14 and June 17 of 2021. The case alleges EthereumMax executives and promoters made false or misleading statements through social media advertisements and other promotional efforts.  Huegrich claims the executives obscured their control over the tokens, as well as what percentage were available for public trading during the May to June timeline, in order to pump the price and sell their own portions of EMAX at a profit. They pumped the price by driving interest in the token through celebrity endorsements, including those of Kardashian, Mayweather Jr. and Pierce according to the complaint.   “In plain terms, EthereumMaxs entire business model relies on using constant marketing and promotional activities, often from ”trusted“ celebrities, to dupe potential investors into trusting the financial opportunities available with EMAX Tokens,” said the complaint.  The UKs Financial Conduct Authority chair, Charles Randell, expressed his concern over Kardashians EMAX promotions in September 2021, saying it was imperative that crypto regulations cover paid-for advertising

2022-01-12Malalim na Pagsisid

eToro Rolls Out Smart Portfolios For New Metaverse Investors

Growing confidence in new metaverse markets appears to be solidifying new investment opportunities across the industry.  Brokerage firm eToro introduced MetaverseLife, a new smart portfolio covering stocks and crypto-assets from within the growing metaverse industry, on Tuesday. The company stated that its goal is to offer a diverse range of investments made for long-term exposure.   Currently included in the portfolio are Meta Platforms, the new parent company behind Facebook, Roblox and other blockchain-based metaverse developments like Decentraland, The Sandbox and Enjin.  There are also a few companies listed in this portfolio that arent exclusively blockchain-based but have still contributed to metaverse adoption and development. These include tech firms like Microsoft, Amazon and Nvidia.  Dani Brinker, head of investment portfolios at eToro, stated “when evaluating the investment opportunity of emerging industries, diversification is key as not everyone involved will be a winner.” As the metaverse industry continues to grow, he suggested that there was value in creating a central portfolio to lower the barrier to entry for investors. Brinker explained:  “By packaging up a selection of assets in a portfolio, were doing the heavy lifting and enabling our customers to gain exposure to the metaverse and spread the risk across a variety of assets.”  According to

2022-01-12Malalim na Pagsisid

Pakistan to Investigate Binance for Multi-Million Dollar Crypto Scam

The federal agency of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance wallets to unknown third-party wallets.  Pakistans Federal Investigation Agency (FIA) reportedly issued a formal notice to crypto exchange Binance in an effort to identify links around a multi-million crypto scam in the region.   The government of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance wallets to unknown third-party wallets. According to local coverage, the FIA‘s Cyber Crime Wing has issued an order of attendance to Binance Pakistan’s general manager Hamza Khan to identify the exchanges link to “fraudulent online investment mobile applications.”  KARACHI: Federal Investigation Agency (FIA) has detected an online fraud of Rs100 billion using a cryptocurrency and issued notice to the local representative of Binance,   @cz_binance  @binance  @BinanceHelpDesk  @BinanceUS Tweet by @FighterDawar (Innocent Pashteen)  “A relevant questionnaire has also been sent to Binance Headquarters Cayman Islands and Binance US to explain the same,” read the notice. The investment frauds in Pakistan were carried out by asking users to register on Binance and transfer funds to third-party wallets under the pretext of unrealistic returns. According

2022-01-10Malalim na Pagsisid

Disney Patents Technology For A Theme Park Metaverse

The multinational entertainment giant was approved for a “virtual-world simulator” patent during the last week of December 2021.  Disney has been approved for a patent that would create personalized interactive attractions for theme park visitors. The technology would facilitate headset-free augmented reality (AR) attractions at Disney theme parks.  The tech would work by tracking visitors using their mobile phones, and generating and projecting personalized 3D effects onto nearby physical spaces, walls, and objects in the park.  The entertainment giant was approved for a “virtual-world simulator in a real-world venue,” patent on Dec. 28, 2021. It was originally filed to the United States Patent and Trademark Office in July 2020.  The “Metaverse” has largely been imagined as existing on the internet, accessed using virtual reality (VR) or AR headsets. However, the technology proposed by Disney would bring the Metaverse to the physical world.  This is not the first time Disney has indicated its interest in the Metaverse. During the companys fourth-quarter earnings call during November 2021, CEO Bob Chapek said the firm is preparing to blend physical and digital assets in the metaverse.  “Well be able to connect the physical and digital worlds even more closely, allowing for storytelling, without boundaries in our own Disney Metaverse.”  In Nov.

2022-01-10Malalim na Pagsisid
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