Mga Gabay, Kaalaman at Insight sa Crypto

Ripple to Explore IPO after SEC Lawsuit, CEO Discloses

Blockchain payments firm Ripple Labs Inc might be battling a lawsuit with the United States Securities and Exchange Commission (SEC), but it is in no way losing focus on what the future holds.　　In an interview with CNBC, Chief Executive Officer Brad Garlinghouse has confirmed that the firm will consider moves to float its Initial Public Offering in the US when it is done with the SEC.　　“I think we want to get certainty and clarity in the United States with the U.S. SEC. You know, I‘m hopeful that the SEC will not slow that process down any more than they already have,” Garlinghouse told CNBC during the World Economic Forum in Davos. “But you know, we certainly are at a point in the scale, where that is a possibility. And we’ll look at that once were past this lawsuit with the SEC.”　　Garlinghouse said he hopes the SEC will not impede its speed when it wants to push for the public listing as it has done through the legal battle that has lasted well over 12 months. The plans to go public have long been in the works for Ripple as it looks to thread similar paths as Coinbase Global Inc which

2022-05-30Malalim na Pagsisid

Plan to Reboot Terra Ecosystem as Terra 2.0 Wins Approval

The proposal to revive the troubled Terra network as Terra 2.0 has received the green light from the community. However, the controversial algorithmic UST stablecoin will not be a part of the rebirth.　　Per the announcement:　　“Terra 2.0 is coming. With overwhelming support, the Terra ecosystem has voted to pass Proposal 1623, calling for the genesis of a new blockchain and the preservation of our community.”　　The collapse of Terras native tokens LUNA and UST sent shockwaves to the crypto market as nearly $60 billion was shed off.　　Do Kwon, the CEO of Terraform Labs, previously opined that hard forking the Terra blockchain would play an instrumental role in saving the ecosystem. 　　Therefore, UST will not be integrated into Terra 2.0 because it is regarded as the genesis of Terra trouble based on its algorithmic nature. The report noted:　　“It will effectively create a new Terra chain without the algorithmic stablecoin. The old chain will be called Terra Classic (token: LUNC), and the new chain will be called Terra (token: LUNA). The chain upgrade will commence a few hours after the Launch snapshot.”　　Since algorithmic-based stablecoins are still at the experimental stage, their volatility is a cause of concern. 　　Anshul Dhir, the co-founder and COO of

2022-05-27Malalim na Pagsisid

Mobile Game Publisher Kongregate Launch $40M Fund for Web 3 Developer

Mobile game publisher Kongregate has partnered with Immutable X, Ethereums leading Layer 2 (L2) scaling solution, to launch a $40 million blockchain developer fund.　　This time, the fund will establish the IMX token pool as a grant awarded to the development of blockchain games on the web3 gaming platform Kongregate.com.　　Immutable X provides Ethereum Layer 2 blockchain developers Immutable. Their games earn NFT game items without compromising the security of their assets. It offers instant trade confirmation and near-zero gas fees for minting and trading NFTs.　　According to the company, Kongregate.com will be relaunched later this year.　　Max Murphy, CTO of Kongregate, said the launch of Kongregate.com will create a different destination for developers and gamers.　　Markus Lipp, CEO of Kongregate, stated that: “Blockchain technology allows us to give them a deeper experience in ways not possible with traditional games, from enabling players to help to shape what comes next in the storylines they love to be able to maintain their unique character across titles.”　　Founded in 2016, Kongregate is a leading mobile game publisher and web game portal. Kongregates mobile games have been downloaded tens of millions of times and played hundreds of millions of times. Kongregates portal has over 100,000 free games played by

2022-05-27Malalim na Pagsisid

Blockchain Foundry Pairs with Palmer Group to Launch Web3 Education Platform Metacademy

Canadian blockchain software development company Blockchain Foundry has partnered with Palmer Group to launch “Metacademy”, a Web3 education platform focusing on blockchain, cryptocurrencies, and Non-fungible Tokens (NFTs).　　Blockchain Foundry Inc. develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients.　　This announcement came after the launching of the public beta version of Metacademy.com (“Metacademy”). Users can learn and understand various knowledge of the blockchain universe for free on this platform, including cryptocurrencies, NFT, smart contracts, web3, etc.　　From Blockchain Foundry CEO Dan Wasyluk said:　　“We are excited to partner with The Palmer Group to develop this one of a kind educational platform. Metacademy uniquely provides users with hands-on experience using new decentralized technologies in a risk-free environment, all while earning crypto incentives along the way. This Web3 educational experience is unlike any other platform available today,”　　In addition to this, the Metacademy program will provide users with additional courses covering token economics, DAOs, decentralized identity (SSI), verifiable credentials, and more.　　The education platform Metacademy does not charge users any fees while providing a risk-free learning environment.　　To make learning more fun and rewarding to users, Metacademy introduces badges and NFT rewards that can be converted. Users will also receive a verifiable certificate in a

2022-05-27Malalim na Pagsisid

PCCW, HKT Becomes 1st Hong Kong-based CMT to Join the Metaverse

PCCW and HKT have become the first Hong Kong-based communications, media and technology (CMT) organisations to join the metaverse following a partnership with The Sandbox.　　The two companies have purchased virtual land in Mega-City - the Hong Kong-inspired neighbourhood in The Sandbox - and they are set to launch the worlds first virtual 5G mobile network and transform traditional film, TV, and music content into a Web3-enabled entertainment.　　PCCW and HKT will also rollout new-age financial and health technologies, and e-commerce solutions to build a virtual “metacommunity”.　　The Sandbox, a subsidiary of Animoca Brands, is a platform linked to the Ethereum-based blockchain in which users can purchase and sell play games, and plots of land, and earn digital currency.　　Susanna Hui, Acting Group Managing Director of PCCW and Group Managing Director of HKT, said, “we are pleased to partner with The Sandbox to enter the metaverse and explore Web3, where we can seize the boundless opportunities manifesting in different aspects of our daily lives.”　　More and more Hong Kong-based enterprises joining the connection with the Sandbox, for instance, a local railway transportation company MTR, banking giant Standard Chartered.　　In one of the recent developments, the Emirate‘s Virtual Assets Regulatory Authority (VARA), Dubai’s new cryptocurrency regulator, said

2022-05-26Malalim na Pagsisid

Bitcoin Could Protect Americans Because ‘It Can’t Be Made from Nothing’: Kevin Roberts

Kevin Roberts, the President of the Heritage Foundation, recently participated in a panel discussion titled ‘Bitcoin and the American Experiment’, saying that: “Bitcoin is the biggest destructive innovation in a positive sense that can protect the American people.”　　The cryptocurrency market continues growing and garnering support from people, including the Heritage Foundation, a U.S. conservative public policy research organization or think tank based in Washington, DC, whose mission is to formulate and promote conservative public policies.　　In his argument, Roberts suggested: “Bitcoin can protect Americans because it cant be made from nothing.”　　The view of the Heritage Foundation president was echoed by other participants on the panel, including Cynthia Lummis, a U.S. Senator serving Wyoming state.　　In March, Senator Lummis worked on a law that would integrate digital assets into the U.S. financial system. The Wyoming lawmaker, who has been advocating for cryptocurrency in Congress, argued that the pro-crypto regulatory framework would bring order to the cryptocurrency ecosystem without stifling innovation. According to the Republican Senator, Bitcoin is a phoenix that would grow, and the bill would expand to various segments of commodities and digital assets.　　On the panel discussion, Roberts and Senator Lummis were joined by other prominent crypto personalities, including U.S. Senator Ted

2022-05-26Malalim na Pagsisid

"I Still Take Salary in Bitcoin", Miami Mayor Suarez Says at Davos

Speaking at the World Economic Forum in Davos, Switzerland, recently, Miami Mayor Francis Suarez told a panel that despite the crash that sent crypto prices down almost 40% over the previous two months, he is still taking his city salary in Bitcoin.　　The Republican mayor mentioned that he is more focused on the utility of the flagship digital currency. He stated that the plunge of the TerraUSD stablecoin has not changed his vision for promoting the cryptocurrency industry in the city.　　Suarez, a 44-year-old lawyer, further pointed out that “tremendous volatility” exists in tech stocks as well. The Miami mayor noted the difference between protecting people from losses and protecting people from fraud: “Government has had time to try and protect people against losses, and you can‘t protect people against losses. That’s the American system. That‘s what makes investing. That’s the risk component to winning as well.”　　Paying Way for a Crypto-Centric Future　　Suarez has been taking action to promote Miami city as a hub for crypto giant Bitcoin. In February last year, the vocal mayor disclosed plans to transform Miami into a tech innovation hub and how he embraces Bitcoin and cryptocurrency.　　The mayor has been selling his city as the worlds cryptocurrency capital

2022-05-26Malalim na Pagsisid

LOST Island to Provide Groundbreaking Escape Game Experience

LOSTs entry into the metaverse with LOST Island will provide users with game-changing escape game experiences as the company has initiated various upcoming initiatives, the company told Blockchain.News.　　LOST became the first escape room game to enter the metaverse in April 2022, and the company is creating an infinite escape game through the LOST Island metaverse.　　“Gamers will be experiencing OMO (online merge offline) escape game as an ultimate adventure,” LOST told Blockchain.News in an interview. 　　To gain access to the LOST Island, participants of the game will have to connect a digital wallet with a wearable which will be used to unlock riddles.　　The game has adopted LOST Token as the cryptocurrency.　　The first of its kind metaverse escape room game experience will be in play-to-earn and play-to-learn models. These features will enable brand gamification for arousing interest in people and awareness, LOST told Blockchain.News.　　For players to benefit from the play-to-earn model, they will be required to pass through various stages with multiple puzzles and riddles. While on the game, a player can also find rare items such as weapons, tools or special kits that can be used to crack the locking areas of the game.　　The game also allows players to challenge each

2022-05-25Malalim na Pagsisid

Microsoft And AstridDAO Team Up!

Exciting developments in the Astar ecosystem. The Astar-based initiative AstridDAO has formally announced a relationship with Microsoft. This collaboration has far-reaching repercussions for the entire ecosystem. Microsoft is an innovative powerhouse that is bringing its resources and technology to AstridDAO. Endorsing and mentoring the initiative demonstrates that the tech behemoths are paying attention to Astar and the projects being produced on the network.　　AstridDAO is a decentralized money market that features a fully backed stablecoin, $BAI, that is hard-pegged to the US dollar.　　AstridDAO has been accepted into the Microsoft for Startups program. This collaboration speeds business development and growth by reducing the traditional hurdles to starting a firm. Providing AstridDAO with access to technology, coaching, and marketing that competitors and other companies no longer have. AstridDAO will receive up to $350,000 in benefits from Microsoft in the form of Github Enterprise, Microsoft Teams, and Azure credits. Keep an eye on AstridDAO; the companys future appears to be bright.　　As a result of this Microsoft agreement, AstridDAO is supported by one of the most inventive tech-driven companies in history.　　A message from the AstridDAO team:　　“We are super excited to join the Microsoft for Startups program! With incredible resources sponsored by Microsoft, we will ensure

2022-05-25Malalim na Pagsisid

Coinbase Exchange Leaps as Fortune 500 Company

Nasdaq-listed cryptocurrency exchange, Coinbase Global Inc has been added to this years list of Fortune 500 companies, making it break the record as the first fully crypto native firm that made the list. 　　Fortune 500 companies are the most valuable firms in the United States as measured by their cumulative revenue for the 2021 fiscal year. The revenue threshold for this year was placed at $6.4 billion, up 19% from last year. Overall, Coinbase made it to the list as the 437th-ranked company with a cumulative revenue of $7.839 billion, a 513.7% growth from the year-ago period.　　The addition of Coinbase to the list did not come as a surprise as the company benefitted immensely from the growth of the digital currency ecosystem last year at a time when the price of Bitcoin (BTC) soared to its all-time high of around $69,000. The company has also continued to expand and diversify its revenue streams in a bid to cushion whatever shocks the crypto ecosystem might pose.　　At the moment, Coinbase has a series of products ranging from cloud infrastructure service through Bison Trails, to custody, and staking services amongst others. Coinbase is also making active moves to upgrade its NFT marketplace from

2022-05-25Malalim na Pagsisid

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