Ethereum (ETH) whales are piling into one metaverse altcoin while shedding leading digital asset Bitcoin (BTC) in the process, according to WhaleStats. The whale-watching platform finds that over the last seven days, the largest 100 ETH holders bought blockchain-based gaming ecosystem The Sandbox (SAND) to the tune of $493,764 on average while selling an average …
Monthly archives: April 2022
How blockchain technology is transforming climate action
The United Nations Climate Change Conference of November 2021, known as COP26, in Glasgow, Scotland urged the world to commit to curbing contributions to carbon emissions. Achieving a net-zero world in less than 30 years is causing many to turn to blockchain technology, buy carbon offsets, and spark renewed interest in carbon capture. The United …
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‘I’ve never paid with crypto before’: How digital assets make a difference amid a war
The ongoing conflict in Ukraine has become a stress test for crypto in many tangible ways. Digital assets have emerged as an effective means of directly supporting humanitarian efforts, and the crypto industry, despite enormous pressure, has largely proved itself a mature community — one ready to comply with international policies without compromising the core …
DAO shall not be alone! Ecosystem DAOs on the rise
If one was to take the ten commandments and turn them into positive affirmations for a future worth working for then building a DAO would certainly make the list. A Decentralised Autonomous Organisation (DAO) is a collection of individuals coming together to make decisions without a hierarchical management structure and can have a wide range …
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Block, Blockstream and Tesla collaborate for green Bitcoin mining facility
Blockstream and Block, formerly known as Square, have announced plans to start mining Bitcoin in Texas using solar-powered technology created by Tesla. According to a press release issued by the firms, the Bitcoin mining facility is expected to be completed before the end of this year. Per CNBC, the co-founder of Blockstream, Adam Back, said …
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Adult stars turn to crypto after banks cut them off
As traditional financial institutions continue to clamp down on the adult industry, cryptocurrencies are gradually becoming the go-to payment method for sex workers. With this, crypto shows the importance of a permissionless system for an inclusive global financial system. Several sexual content creators claim that they were banned from several payment platforms due to their …
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Covesting March Review: 5,700% ROI Helps Fractalz Repeat Top Rank
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › A fractal is a repeating pattern often found all throughout nature. It is only fitting then that Covesting strategy manager Fractalz is working toward a repeating pattern: one where they dominate the Covesting leaderboards on PrimeXBT …
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South African Central Bank Governor: Regulators and Policymakers Must Be Involved in Shaping Potential Move to DLT Markets
The head of the South African central bank has insisted that regulators and policymakers should be involved in directing any potential move to markets that are based on distributed ledger technology (DLT). Pondering the Implications of Innovation The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has argued that central banks, regulators, and …
Sky Mavis Raises $150 Million in Financing Round Led by Binance to Refund Users Affected by the Ronin Bridge Exploit
Sky Mavis, the company behind the play-to-earn (P2E) game Axie Infinity, announced it has raised $150 million in a funding round to replenish the funds the company lost in the Ronin Network exploit. The funding round — which was led by Binance and had the participation of companies like Animoca Brands, a16z, Dialectic, Paradigm, and …
Namibian Central Bank Announces Plan to Launch CBDC
Johannes Gawaxab, the governor of the Bank of Namibia (BON), has said his organization is planning to launch a central bank digital currency (CBDC). The governor, however, warns the launch might have implications for financial stability. BON Researching CBDCs The BON governor, Johannes Gawaxab, recently confirmed that the central bank is now planning to launch …
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Top Crypto Analyst Warns ‘Vaporware’ Ethereum Rivals Will Go To Zero, Says Traders Underestimating ETH’s Price Trajectory
A widely followed crypto analyst is issuing a warning to investors that ‘vaporware’ Ethereum (ETH) challengers could drop down to zero within a year. The pseudonymous crypto trader Altcoin Psycho tells his 428,000 Twitter followers that investors are misjudging the top smart contract platform’s ability to surge under the right market circumstances. “People are severely …
DAO regulation in Australia: Issues and solutions, Part 2
Lawmakers in Australia want to regulate decentralized autonomous organizations (DAO). In this three-part series, Oleksii Konashevych discusses the risks of stifling the emerging phenomenon of DAOs and possible solutions. Regulating a decentralized autonomous organization (DAO) as a company, first of all, means registration as a company. But who remembers why we need that registry in …
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Axiom Space astronauts mint NFTs in low Earth orbit
Commercial spaceflight company Axiom Space today announced the launch of its own non-fungible token (NFT) marketplace as part of the firm’s “historic” Ax-1 mission to the International Space Station that commenced earlier today. According to a press release shared with CryptoSlate, Axiom plans to mint several NFTs during the mission, starting today with yet-to-be-revealed debut …
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India’s Digital Currency to Take ‘Very Calibrated, Graduated’ Approach, Says RBI Deputy Governor
Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar has outlined the implications of India issuing a central bank digital currency, the digital rupee. ”I think central banks would go about it in a very calibrated, graduated manner, assessing impact all along the line,” he explained. RBI’s Deputy Governor Discusses Indian Central Bank Digital …
Crypto-Friendly Special Economic Zone in Honduras Adopts Bitcoin as Legal Tender
A crypto-friendly special economic zone in Honduras has adopted bitcoin as legal tender, allowing the cryptocurrency to be used to pay taxes and fees. In addition, bitcoin bonds can be issued within its jurisdiction using “world-class standards for AML and KYC.” Bitcoin Operates as Legal Tender in Próspera Próspera, a special economic zone located on …
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