Based on the Layer 1 blockchain ecosystem, Celestia revealed that its “Mamaki” testnet had gone live, bringing it one step closer to becoming the first fully functional modular blockchain. Modular networks separate consensus from execution, allowing users to create their own blockchains at scale while keeping the security requirements of competitor tier 1s. Because Celestia …
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On the Ethereum platform, the operational costs for trading and minting NFTs can be quite expensive, especially during high congestion moments. When the platform is facing congestion, minting transactions frequently fail, resulting in substantial losses. And thus, to get their transactions validated swiftly, users must pay a higher gas price. However, to overcome the issue …
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The founder and CEO of crypto exchange FTX says he is willing to give at least $100 million to the right candidate in the next US Presidential election. In a new interview on the What’s Your Problem podcast, Sam Bankman-Fried says that he could spend a lot of money in the 2024 election cycle depending …
Coinbase CEO Brian Armstrong says he feels optimistic about the crypto regulatory landscape in the United States. While speaking at a Milken Institute conference earlier this month, Armstrong acknowledged there could be more crypto regulatory clarity overall, though he still thinks the US is headed in the right direction. “I think there’s cause for optimism …
The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing from crypto exchanges to help it rebuild. In an announcement Thursday, Terra provided details about the airdrop of the new native token within its new blockchain dubbed Terra 2.0. The distribution …
Mastercard CEO Michael Miebach said on Tuesday that he does not expect SWIFT, one of the most widely used platforms for cross-border fiat transactions, to exist in five years’ time. Miebach was speaking at a panel session on central bank digital currencies (CBDCs), as part of the Global Blockchain Business Council (GBBC)’s Blockchain Central Davos …
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Bitcoin (BTC) disappointed bulls on upside prior to the May 26 Wall Street open as BTC/USD returned under $29,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Markets “eerily calm” post FOMC Data from Cointelegraph Markets Pro and TradingView tracked an uninspiring day for Bitcoin, with $800 of losses coming in a single hourly candle several hours …
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Metaverse and Web3 dominated the discussions on the fifth day of the ongoing World Economic Forum (WEF). A panel discussion on “The Possibilities of the Metaverse” was joined by High Fidelity co-founder Philip Rosedale, Mindfire Foundation founder Pascal Kaufmann, Magic Leap CEO Peggy Johnson, New York University – Abu Dhabi assistant research professor Hoda AlKhzaimi …
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Binance has received a Category 4 license as a crypto-asset service provider (CASP), which will let it provide a range of crypto services. It is the first exchange in the region to receive the license. Binance has turned a lot of its attention to the Middle East, and it could launch crypto trading services there …
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Portuguese policymakers recently submitted a bill to tax cryptocurrency, threatening to derail the country’s thriving crypto community. However, lawmakers blocked the legislation on Wednesday when presented before Parliament. Portuguese news site ECO released the full video of the parliamentary session in …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The ErgoDEX team tweeted that they are two weeks into a testnet run and have been getting stable results. The next step is performance optimization and ironing out bugs before launching on the Cardano chain. We have been running our Cardano …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The Nigerian government has entered a three-year Intellectual Property Right (IPR) partnership with Developing Africa Group to launch a country-wide wallet and an IP exchange marketplace. Reportedly, the wallet would enable the international commercialization of all IP forms created and registered …
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Avalanche is seeking to be the new home for ApeCoin DAO’s APE token and its Otherside metaverse project, according to a proposal submitted by the L1 blockchain platform. Per the proposal, the Otherside metaverse project should be launched on an Avalanche …
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The managing director of the International Monetary Fund (IMF) reportedly said that investors should not completely pull out of crypto after the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). IMF Chief Has a Message for Crypto Investors After the Collapse of LUNA, UST Kristalina Georgieva, the managing director of the International Monetary Fund …
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A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state budget. Revised Crypto Mining Legislation Submitted to Russian Parliament Without Amnesty for Miners …
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