July 14, 2022 – Dubai, United Arab Emirates Genesis has occurred for Flare Network, the blockchain built for universal connectivity with other blockchains and real world data sources. Flare is a powerful new blockchain with the first new consensus protocol for external data. Decentralized applications on Flare can safely and trustlessly acquire and use information from …
Monthly archives: July 2022
SIMBA Chain Makes Building on the Blockchain Easier Than Ever for All With SIMBA Blocks
July 14, 2022 – South Bend, Indiana SIMBA Chain, the leading provider of blockchain enterprise solutions, has released its new blockchain cloud service, SIMBA Blocks. The intuitive platform allows organizations to interact with familiar Web 2.0 interfaces while tapping into decentralized Web 3.0 infrastructure and all of its benefits, including transparency, accountability and monitoring. From supply …
More than 2.6 million users signed up for City of Shenzhen’s digital Yuan airdrop
According to data obtained from local news outlet Sohu.com, the Shenzhen Chamber of Commerce has recorded over 2.6 million signups for its latest digital yuan, or e-CNY, airdrop. Two months prior, the City of Shenzhen announced that it would be airdropping 30 million of the e-CNY central bank digital currency, or CBDC, to local residents …
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Data transfer network Plaid integrates 4 major crypto exchanges
United States data transfer network Plaid has added four major cryptocurrency exchanges to its platform, giving users the ability to connect their digital asset portfolios to other applications more easily. Crypto platforms Binance.US, Gemini, Robinhood and SoFi are now supported by the Plaid network, the company announced Thursday. Support for additional platforms, such as Blockchain.com …
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Why is there so much uncertainty in the crypto market right now? | Market Talks with Crypto Jebb and Crypto Wendy O
In the fourth episode of Market Talks, we welcome YouTube media creator and crypto educator Crypto Wendy O. Crypto Wendy O is a YouTube media creator and crypto educator. Wendy became interested in cryptocurrency and blockchain technology in November of 2017. She has been into crypto full-time since the summer of 2018 and focuses on providing …
CoinFLEX resumes withdrawals, limiting users to 10%
Cryptocurrency exchange CoinFLEX is partially reopening user withdrawals, raising cautious optimism that the company was gradually recovering from liquidity constraints that were triggered by a high-profile client default. Beginning at 5 am UTC on Friday, all CoinFLEX users will be able to withdraw up to 10% of their funds, the company said. All existing withdrawal …
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Polygon Among Five Other Companies to Participate in Disney’s 2022 Accelerator Program
Polygon, an Ethereum-based Layer-2 scaling solution, has been selected to participate in Disney’s 2022 Accelerator program. It is the only blockchain project chosen by Disney for the program, along with five other web3 projects selected to participate. Disney announced this partnership in a press release. And Polygon took it to Twitter to share the news …
Shanghai’s Government Warms Up to NFTs, Recommends the Exploration and Building of Their Trading Platforms
Summary: The government of Shanghai seems to be warming up to NFTs. It has recommended the exploration and development of NFT trading platforms. Shanghai’s government sees NFTs as a means of protecting Intellectual Property and digital rights. However, the recommendation was not at the national level and was only made by Shanghai’s government. Shanghai’s government …
GeckoCon Insights: DeFi’s Next Phase of Growth Will Come From Solana, Avalanche, and Other Chains
Summary: Today is the first day of CoinGecko’s 2022 GeckoCon which will run from the 14th to the 15th of July (9 am to 3 pm EST). This year’s GeckoCon will focus on how Web3 will empower the decentralized future. One of the sessions today discussed the future of DeFi. One key takeaway from the …
India’s Crypto Advocacy Council Disbanded After 5 Years Of Lobbying
Summary: The Blockchain and Crypto Assets Council has shut down effective immediately. BACC’s parent organization, Internet & Mobile Association of India (IAMAI), decided to close the group and prioritize non-crypto industries. The IAMAI has represented India’s crypto sector since around 2018. Member companies and local exchanges like Unocoin and CoinDXC were informed in a meeting …
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Glassnode analysis suggests Bitcoin might be near bottom
BitcoinA recent analysis from Glassnode revealed that long-term holders (LTH) are locking their coins at a 33% loss, indicating an LTH capitulation that suggests Bitcoin (BTC) might have reached its bottom. At the same time, Wall Street disagrees and says BTC will see $10,000. Glassnode analysts said: “Bottom formation is often accompanied by LTHs shouldering …
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Russian’s Central Bank and Ministry of Finance clash over stablecoins
A representative of the Central Bank of Russia (CBR) said private stablecoins are fraught with risks as the underlying pool of assets “does not belong to the owner.” In turn, this potentially means face value redemptions are not guaranteed. “Also, redemption at the face value of the assets in the collateral is not guaranteed, and …
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Bitcoin hashrate plummets as Texas-based miners suspend operations
Bitcoin (BTC) hashrate dropped to as low as 159.41 exahashes per second (EH/s) on July 13, its lowest in five months, as Texas-based miners were forced to go offline. According to data from BTC.com, the 27% drop in hashrate is the largest since February 2022. Bitcoin hashrate, which signifies the network’s computing power, has been …
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Disney Accelerator announces Polygon, Flickplay, Lockerverse in the class of 2022
Disney Accelerator is a program that supports collaborations between Disney and “venture-backed, growth-stage start-ups with a vision for making an impact on the future of technology and entertainment.” Each year, it welcomes a new cohort of companies and has chosen three web3 companies to join its program. The Class of 2022 Polygon has been selected …
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Judge denies SEC’s motion to withhold key documents in Ripple case
In the SEC vs. Ripple case, the latest court filing showed Judge Netburn denied a motion by the U.S. securities regulator to withhold internal documents. The documents relate to a speech by the then Director of the Division of Corporate Finance, William Hinman, on June 14, 2018. During the speech, Hinman gave Bitcoin and Ether …
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