The merge event on the Ethereum network is the transition to the Proof-of-Stake consensus model from the currently employed Proof-of-Work model. This merger means that the current Ethereum mainnet system and the new Beacon chain, often referred to as Ethereum 2.0, will merge into one blockchain. To test the merge, the Kintsugi testnet was deployed …
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Pakistan’s Federal Investigation Agency has reportedly issued a formal notice to Binance after receiving multiple reports concerning a crypto scam that misled the investors into sending funds from their Binance wallets to unknown third-party wallets. Pakistan to investigate crypto exchange Binance As per a local media report, the Pakistani agency identified approximately 11 fraudulent mobile …
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At the close of 2021, Collins Dictionary named “NFT” the word of the year. Non-fungible tokens have already shaken the world of art and have become a household name. When you say “NFT”, most people will at least fathom to guess it refers to some sort of computerized image. However, NFT technology has equal or …
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Spurred by talk of rate rises, “spec tech,” including Bitcoin and cryptocurrencies, sustained a shaky start to the New Year. Over this period, the total crypto market cap lost $333.5 billion before bouncing at $1.898 trillion on Saturday. While it’s too early to say the bottom is in, for now, it does seem like the …
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A recently discovered patent shows the American multinational entertainment and media conglomerate, Walt Disney Company, was approved by the United States Patent and Trademark Office (USPTO) for a “virtual-world simulator” patent. The simulator is composed of a “three-dimensional (3D) map of the geometry of the real-world venue.” Disney’s Virtual-World Simulator Patent Follows Bob Chapek’s Discussion …
On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes …
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press release PRESS RELEASE. XRPayNet is a cryptocurrency built on the XRP Ledger, with an upcoming global team focused on one goal: a globally adopted interface and ecosystem for payment settlements that is suitable for stores, businesses, peer to peer transactions and those who sell products and services. Whilst aiming to challenge existing technology such …
The situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an internet blackout during civil unrest on top of power shortages, now hopes that the country will nevertheless remain an attractive location for miners. President Tokayev Has …
With many institutions and firms joining the metaverse in recent times, the latest firm to join the growing list is the US arm of the leading crypto exchange in the world, Binance. Binace.US to get virtual office in the metaverse According to available information, Binance.US would be setting up in Portals, a metaverse project built …
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The layer two network of Ethereum known as Arbitrum suffered a seven-hour temporary outage following a hardware failure. The network’s sequencer failure hindered the processing of transactions for the said duration, which was later fixed by the network administrators. Arbitrum network faces temporary downtime The network took to Twitter to inform users about the temporary …
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According to the 2018 Tesla Model 3 owner, Siraj Raval, he mined up to $800 a month in crypto assets with his hacked-out electric car. Similarly, Chris Allessi, the owner of a Tesla Model S tethered a Bitmain Antminer S9 to his car’s electrical system to mine bitcoin, and he’s mined monero with the car’s …
Maria Muñoz, a Spanish deputy from the country’s Congress, wants to position its country as a reliable alternative to miners that are facing a dire situation in Kazakhstan, after their internet service was suspended, affecting their operative capacity. Muñoz sent a letter to the congress, inquiring about the possible actions that Spain might take to …
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In his Africa crypto market predictions for 2022, Marius Reitz, the general manager for Luno in Africa, has predicted that Kenya will scale up the adoption of cryptocurrencies. To support this assertion, Reitz points to Kenya’s as position as the leader in the world’s peer-to-peer (P2P) traded volumes for the second year running. Kenya’s Booming …
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press release PRESS RELEASE. London, England, January 10, 2022: Moviecoin.com brings movie funding and decentralized finance (defi) to both independent movie-makers and larger budget movies. Moviecoin.com will allow any budding movie producer, director, or writer to finance their own script and movie. Moviecoin.com is decentralizing and democratizing the world of movie finance, giving movie makers …
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An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else there will be confusion.” Industry Wants Clarity in Crypto Tax Laws in Union Budget …
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