Mga Gabay, Kaalaman at Insight sa Crypto

BSP: Cryptocurrency Role Seen Growing in Remittances, Gaming

Melchor Plabasan, Bangko Sentral ng Pilipinas (BSP) Technology Risk and Innovation supervision director, stated that the main applications he is seeing for cryptocurrency as a regulator are in investment, remittances and payment. He mentioned this during the BusinessWorld Fintechs Place in the Growth of Cryptocurrencies forum.　　The speakers presented both opportunities and risks; noting that as cryptocurrency continues gaining popularity and utility in the Philippines particularly in remittances, payments, and online games. They expect more people to enter the cryptocurrency industry.　　“I think the increasing adoption of virtual assets pushes us to continuously enhance our regulatory and supervisory authority abilities to appropriately oversee these activities because they may have an impact on the stability and integrity of our financial system,” Plabasan said.　　According to BSP Governor Benjamin E. Diokno, the transactions in virtual currency in the Philippines jumped by 71 percent to P105.93 billion in the first half from P62.12 billion in the same period last year. As per BusinessWorld, cryptocurrency transactions alone went up to 362% year on year while e-money transactions rose by 62% year on year. 　　“We have also seen a number of remittance companies now using crypto to remit money instead of using the traditional clearing and settlement models.

2021-12-13Malalim na Pagsisid

Axie Infinity Approaching 3 Million Daily Active Users

Vietnam-based gaming firm Sky Mavis reveals that Axie Infinity, its play-to-earn non fungible token (NFT) game, will soon reach a total of three million daily active users; while, the growth of its Ronins number of daily transaction volume quadrupled.　　“In the past year, Axie Infinity has evolved from a gaming concept into a rapidly growing ecosystem and a movement which hosts fun experiences for all backgrounds and interests. You collectively make Axie Infinity what it is, and together we will continue to grow our community in ways that will shock the world. We are becoming a true digital nation, and we are deeply committed to finding ways to empower you and create true collective ownership of what we create together,” the developers wrote reflecting its 2021 growth.　　According to the graph provided, since May of this year the number of Axie holders and daily active users (DAU) of Axie Infinity have continuously soared in an upward trajectory. The last month alone brought 500,000 more Axie holders into the game from all over the word.　　Actually, last month, Axie Infinity launched a breeding event where whoever breeds the ten millionth Axie will win a Tanuki Mystic land item which increases base stats of axies

2021-12-13Malalim na Pagsisid

First ERC-20 Converter Goes Live On Cardano Testnet

Cardano has marked the launch of its first-ever ERC-20 converter. The project which had been in the works had finally reached its launch milestone with help from IOG, the developer behind Cardano. With the converter, the network will be able to support the migration of ERC-20 tokens from Ethereum to the Cardano blockchain.　　Development on the blockchain has been ramping up since the launch of smart contracts capability. The network has seen the first signs of DeFi as developers begin to test out their DApps with help from the foundation. This has inspired even more development with the community waiting with bated breaths for the day they can finally access DeFi services on Cardano.　　AGIX ERC-20 Converter　　SingularityNET brings this anticipated capability to the Cardano blockchain. It tested the converter with its AGIX token. Presently, the converter is live on the testnet and users are able to move AGIX tokens from Cardano to Ethereum and vice versa using the AGIX ERC-20 Converter. This will allow for AGIX transactions on a network with a much higher transaction capacity and cheaper fees.　　Cardano has always been big on interoperability and this converter helps push it towards its goal of complete interoperability with other blockchains. Founder Charles

2021-12-10Malalim na Pagsisid

Polygon To Invest Up To 250M MATIC

In the event that completely vested, it would be a $627.5 million investment into zero-knowledge technology at the present MATIC price.　　Ethereum scaling arrangement Polygon has declared it will devote a limit of 250 million MATIC tokens ($627.5 million) to an arrangement with zero-knowledge cryptography startup Mir.　　Zero-knowledge calculations empower outside validators to confirm encoded exchanges or reports without uncovering the delicate data concealed under. It is helpful for complex decentralized money applications, for example, decentralized ride-share applications or decentralized medical coverage, where hubs need to check the individual information of blockchain members without gambling security spills.　　Mir has some expertise in creating two subcategories of zero-knowledge confirmations: PLONK and Halo. Both address progressions over past SNARK and STARK cryptography procedures, permitting confirmations to be created right away.　　While PLONK actually requires a confided in arrangement for approval, Halo calculations can achieve the assignment in a decentralized way. Speed is a center plan thought in zero-knowledge verifications. Complex data to be ignored blockchains, for example, redacted picture IDs, can take up significant size, along these lines influencing the materialness of exchanges.　　“Polygon plans to focus on ZK cryptography as the end game for blockchain scaling,” said Sandeep Nailwal, co-founder of Polygon.　　“We have made a strategic

2021-12-10Malalim na Pagsisid

Developer Insights: Long-term Thinking with Axie Infinity

Developers reiterate focus on the long term sustainability of Axie Infinity.　　At Sky Mavis, we are aware that there are a variety of different stakeholders within the Axie Infinity community with different levels of financial involvement, motivations, and goals. We are always actively monitoring feedback, and do our best to make decisions from a place of empathy to everyone in the community. 　　Simultaneously though, the focus for the team is primarily on the long-term sustainability, growth, and success of the Axie Infinity ecosystem. Many decisions and trade-offs we make to align to that may not allow us to resolve short-term pain points. For example, by focusing our engineering efforts on Battle v2 and Land, we do not have the bandwidth to implement as many improvements for the existing game.　　Here are a few things we encourage our community to keep in mind as we go on this journey together: 　　There will be significant volatility: Being at the bleeding edge of gaming and blockchain technology makes Axie Infinity particularly susceptible to volatility, from internal and external factors. We expect there will be significant highs and lows in the years to come, whether that be from massive growth spikes or crypto bear markets. This

2021-12-10Malalim na Pagsisid

Solana Reportedly Hit By DDoS Attack

The Solana blockchain has reportedly suffered another DDoS attack that temporarily clogged the network, however the network appeared to remain online.　　Solanas blockchain performance was reportedly hit by a distributed denial of service (DDoS) attack over the past 24 hours, however the network appears to have remained online throughout.　　A DDoS attack generally refers to a large number of coordinated devices, or a botnet overwhelming a network with fake traffic to take it offline.　　This wouldnt be the first time Solana has suffered this issue, with Cointelegraph reporting in September that the network suffered a 17-hour-outage due to mass botting activity for an initial DEX offering (IDO) on Solana-based DEX platform Raydium.　　The latest DDoS attack was highlighted by Solana-based NFT platform Blockasset on Dec. 9 around 3 pm UTC, after it noted that:　　“We are aware tokens are taking a long time to distribute. The Solana chain is being overloaded with DDoS attacks which have clogged the network causing delays.”　　Solana-focused infrastructure firm GenesysGo also reported on the matter, stating that the validator network was experiencing issues with processing transaction requests, but called for calm as it attributed the problem to “growing pains.”　　The #Solana validator network is experiencing issues this morning. TPS issues as the

2021-12-10Malalim na Pagsisid

Ledger Launches Crypto Debit Card

Ledgers launch of a debit card is part of a broader push to branch out from its core hardware wallet business.　　Crypto hardware-creator Ledger reported on Thursday the dispatch of a debit card that will allow clients to spend their crypto straightforwardly or use it as insurance for cash buys.　　The new debit card, which will be accessible ahead of schedule one year from now, is important for a more extensive exertion by Ledger to change itself from a gadget creator into a crypto stage that rotates around its product application, Ledger Live.　　While most crypto proprietors store their currency in an online wallet, organizations like Ledger and adversary Trezor make actual gadgets that some view as safer since they are disengaged from the web.　　In an interview with Decrypt, Ledger CEO Pascal Gauthier said the company has evolved into a developer platform capable of interacting with a wide variety of applications. “In the same way as the iPhone is a platform for Web 2, Ledger is for web 3,” he said.　　Among the applications Ledger has as of late added to its foundation are the DeFi wallets MetaMask and Coinbase Wallet.　　Concerning the debit card, clients will actually want to move assets to it by

2021-12-09Malalim na Pagsisid

Kickstarter New Company Will Run on Blockchain Tech

Crowdfunding platform Kickstarter plans to unveil a standalone company by building a crowdfunding system based on blockchain technology.　　In a blog post, CEO Aziz Hasan and co-founder Perry Chen also reported that Kickstarter will switch its own website to the new infrastructure following the completion of the new company sometime in 2022.　　Currently, the new company does not yet have a name. Still, Kickstarters open-source protocol is confirmed that will be built on the blockchain platform Celo, which counts Andreessen Horowitz and Jack Dorsey among its backers.　　Bloomberg reported that the development of the new company is scheduled to begin in the first quarter of 2022.　　“We are entering a significant moment for alternative governance models, and we think theres an important opportunity to advance these efforts using the blockchain,” said Chen and Hasan.　　This move from Kickstarter comes at a time when crypto spaces are rapidly emerging and capital that might have once gone to Kickstarter campaigns is flowing through blockchains into what are known as distributed autonomous organizations, or DAOs. 　　In November, a group dubbed ConstitutionDAO mounted a crowdfunding campaign to bid a rare printed copy of the U.S. Constitution. The anonymous organisation raised $46.3 million but failed to win the auction eventually.

2021-12-09Malalim na Pagsisid

Visa Announces New Crypto Consulting Service For Merchants And Banks

Visas new crypto consulting services to push for standard reception of cryptocurrencies.　　Payments goliath Visa is dispatching new consulting and warning services in a transition to assist its clients with exploring the universe of cryptocurrencies.　　The firm said on Wednesday that its crypto warning practice, housed inside its consulting and analytics division, will offer exhortation to financial establishments, retailers and different firms on everything from carrying out crypto includes and investigating nonfungible tokens to creating wallets for national bank computerized monetary standards.　　According to Visa, part of banks interest in cryptocurrencies is in remaining competitive. Citing a recent in-house study, Visa said that “40% of crypto owners surveyed report they would be likely or very likely to switch their primary bank to one that offers crypto-related products in the next 12 months.”　　Per Reuters, American financial services organization UMB is a customer of Visas crypto warning services.　　“We came to Visa to learn more about crypto and stablecoins and the use cases that are most relevant for our retail and commercial business lines,” said Uma Wilson, executive vice president of UMB Bank.　　The move denotes Visas most recent endeavor to push further into the cryptocurrency business, with the firm having petitioned for quite some time related

2021-12-09Malalim na Pagsisid

Dogecoin and Ethereum Rank in Top 10 News Searches

Dogecoin was the fourth-most well known news on Google in 2021 both globally and in the United States.　　Significant cryptocurrencies Ether (ETH) and Dogecoin (DOGE) made the rundown of the worlds most searched terms in 2021 on Google　　On Tuesday, Google delivered its conventional yearly rundown of the top searches for the year, separating them into a few classifications, including searches, news, individuals, games, motion pictures and others.　　As per Google Trends “Year in Search 2021,” Dogecoin was the fourth-most famous news search term on Google in 2021, both globally and independently in the United States. News identified with the question “Ethereum Price” was positioned tenth.　　The cryptocurrencies are recorded among the top searched news things, including topics like Afghanistan, AMC stock, COVID-19 antibody, GME stock, upgrade check and others. Not a solitary cryptocurrency was highlighted on the rundown in 2020.　　Its quite significant that Bitcoin (BTC), the most-esteemed cryptocurrency in the market, isnt highlighted in any classification of the “Year in Search 2021” either worldwide or in the United States.　　Dispatched in 2013, Dogecoin has arisen as one of the best cryptocurrencies in 2021, entering the rundown of the top 10 biggest cryptocurrencies by market capitalization recently. DOGEs cost has soar this year, thanks in

2021-12-09Malalim na Pagsisid

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