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Showing posts from November 9, 2021

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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‘The Unfair Advantage:’ Dune Actress Rebecca Ferguson Stars in Crypto-Centric TV Commercial

In recent times cryptocurrency platforms have been airing a number of commercials on television in order to entice a broader audience to get into cryptocurrencies. The digital currency community has witnessed crypto commercials starring the seven-time Super Bowl winner Tom Brady and his supermodel wife Gisele Bündchen, award-winning director Spike Lee, and the actor Matt Damon. Another commercial starring actress Rebecca Ferguson is now airing on Bloomberg Television that promotes the institutional digital asset custody and trading solutions firm Copper.co. Institutional Digital Assets Custodian Copper Films Crypto Commercial With Dune Actress Rebecca Ferguson Copper.co , the institutional digital asset custody and trading solutions provider, has announced the first annual television commercial campaign with the launch of a commercial called “The Unfair Advantage.” Copper is a London-based crypto firm that launched in 2018 and has raised $84.3 million in funding to date. Essentiall...
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RChain and ZB: Toward a Queueless, Leaderless, Limitless Blockchain

On November 2rd, 2021, RChain ‘s blockchain scientist Atticbee visited ZB exchange as an invited guest for a very technical AMA. ZB is a global exchange being in operation for 8 years with a focus on keeping customers’ assets secure. Atticbee discussed the problems of current blockchain technology and RChain’s answer to these challenges, and why one day RChain will be the most user and developer friendly Web 3.0 infrastructure. What is Missing In All Current Public Blockchains In Atticbee’s view, none of existing public chains has addressed these issues that are critical to Web 3.0: Currently there is NO REAL solution to the scalability problem: the scalability of Layer 2 and ETH 2.0 is an illusion because the individual Layer 2 and shard subsystems are not interoperable – they do not “look and feel” like one logical chain. They are designed for token transfer applications, not data intensive Web 3.0 applications. Contracts cannot safely call each other, lacking the “secure ...
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Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry

Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would encourage a move towards a more energy-efficient extraction of bitcoin while supporting the transition towards climate neutrality in Sweden and Europe. A state-run power company warns, however, that restrictions could have an adverse effect on global carbon emissions. Expensive Bitcoin Generates More Emissions, Swedish Authorities Allege The rising value of crypto assets attracts more businesses to join the competition to solve the encryption puzzle at the core of cryptocurrency mining while the proof-of-work method is the main reason for its high energy consumption. The remarks come from a joint statement by the director generals of Sweden’s Financial Supervisory Authority and Environmental Protection Agency, Erik Thedéen and Björn Risinger. The two officials have...
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Crypto has gone from 'weird' to 'cool' thanks to NFTs says Visa executive

Visa’s head of crypto Cuy Sheffield said that mainstream users are setting up “crypto wallets in waves” to be a part of the NFT sector. Visa’s head of crypto Cuy Sheffield said that investing in cryptocurrency has become a lot cooler thanks to an influx of creative types drawn in by the booming NFT sector. Sheffield was speaking on day one of the Singapore Fintech Festival on Nov. 8. He said that a “whole new class” of mainstream users are flocking to crypto and that NFTs ar attracting people with a broad range of interests such as music, art and culture who are “setting up crypto wallets in waves.” “Crypto is becoming cultural, it’s becoming cool,” Sheffield said, and added that: “It used to be that if you were investing in crypto, you were kind of weird.” Sheffield believes that blending the entertainment sectors with NFT tech could see crypto wallets become a sort of “super app” where users can discover new content related to their interests as opposed to simply a way to hold...
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Robinhood COO praises Shiba Inu as crypto wallet waitlist grows to 1.6M

Pressure is mounting for Robinhood to list one of the most popular meme coins on the market and the waitlist for the platform's crypto wallet has grown to 1.6 million users. Robinhood COO Christine Brown has praised the Shiba Inu community but said safety was the platform’s priority over the “short term gain” of listing new tokens. Brown made the comments in an interview for the Crypto Goes Mainstream event streamed live on YouTube on Nov. 10. When asked about Shiba Inu ( SHIB) she said: “One of my favorite things is seeing the community around these coins really engage with us and let us know what they want.” However Brown would not be drawn on whether the American stock and crypto trading app would list Shiba Inu . SHIB is currently the 11th largest cryptocurrency with a market cap of $30 billion. The community has stepped up a campaign to convince Robinhood to list SHIB and a change.org petition has now obtained more than half a million signatures. Brown stated that R...
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Mastercard Launches First Crypto-Linked Payment Cards for Asia-Pacific Region

Payments giant Mastercard is launching crypto-linked payment cards for the Asia-Pacific region in partnership with three crypto service providers. “For the first time, consumers and businesses in the Asia Pacific region will be able to apply for crypto-linked Mastercard credit, debit, or prepaid cards,” Mastercard said. First Crypto-Linked Mastercards in Asia-Pacific Region Mastercard announced Monday that it has partnered with three crypto service providers across the Asia-Pacific region “to launch the region’s first crypto-linked payment cards.” The three partners are Amber Group, Bitkub in Thailand, and Coinjar in Australia. All three companies offer cryptocurrency exchange services in their respective domestic markets. In partnership with Mastercard, they “will be launching crypto-funded Mastercard payment cards,” the announcement notes, adding: For the first time, consumers and businesses in the Asia Pacific region will be able to apply for crypto-linked Mastercard credit, d...
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New York coin launching this week with Mayor-elect Eric Adams’ blessing

“We're glad to welcome you to the global home of Web3!” said crypto-friendly Mayor-elect Eric Adams in response to CityCoins' roll out of the NYCCoin this week. The NYCCoin is set to launch on Nov. 11 with the community-led proposal endorsed by New York City’s Mayor-elect Eric Adams. The NY-focused cryptocurrency is being launched by CityCoins, the same firm that provides the MiamiCoin. The project utilizes the Stacks Protocol built atop of the Bitcoin blockchain to enable smart contracts and issue its coins. CityCoins tweeted on Nov. 9 that it was activating NYCCoin mining this week after Adams stated on Nov. 4 that he wanted to have a “CityCoin for NYC” like in the case of Miami City. Adams followed that up earlier today by posting that “we're glad to welcome you to the global home of Web3! We're counting on tech and innovation to help drive our city forward.” We're glad to welcome you to the global home of Web3! We're counting on tech and innovation t...
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Ripple to launch ‘Liquidity Hub’ for finance firms that want to offer crypto trading

The fintech firm wants to let its enterprise clients have access to cryptocurrencies through a new service called Liquidity Hub. Fintech firm Ripple has announced a new service aimed at finance companies that will allow them to offer cryptocurrency trading to customers. Ripple unveiled the Liquidity Hub service in a blog post on Nov. 9, touting a “crypto-first future” in which every company will need to have a strategy for crypto assets. The new service will target its enterprise clients giving them access to digital assets from a range of providers such as exchanges, market makers, and over-the-counter (OTC) trading desks. It is currently in the preview stage and will launch in 2022. Liquidity Hub will initially support Bitcoin, Ethereum, Litecoin, Ethereum Classic, Bitcoin Cash, and XRP with availability varying by geographical location according to the announcement . The company plans to expand its crypto asset offerings and include other tokens including NFTs in the future. ...
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SEC Commissioner: DeFi must address transparency and pseudonymity

Commissioner Caroline Crenshaw wants DeFi projects to cooperate with the SEC in order to find solutions for compliance with existing regulations. SEC Commissioner Caroline Crenshaw has highlighted the benefits of Decentralized Finance while warning of the dangers of failing to embrace a protective regulatory framework in a Nov. 9 opinion piece . The article, DeFi Risks, Regulations, and Opportunities , is the first in the inaugural issue of “The International Journal of Blockchain Law.” In it, Crenshaw outlines her belief that the DeFi community must address issues with transparency and pseudonymity while coming into compliance with SEC rules: “In the brave new DeFi world, to date there has not been broad adoption of regulatory frameworks that deliver important protections in other markets.” Regarding what she sees as a lack of transparency, Crenshaw said DeFi lacks market protections, which “contributes to a two tier market in which professional investors and insiders reap outsiz...
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AMC Theatres on Track to Accept 4 Cryptocurrencies Next Month: CEO Expects Dogecoin and Shiba Inu to Follow

The CEO of the world’s largest movie exhibition company, AMC Entertainment, says that his company is “on track” to accept four cryptocurrencies by year-end. Dogecoin (DOGE) is expected to be added in the first quarter of next year, and the company is currently figuring out how to take shiba inu (SHIB) as a currency. AMC Discusses Its Crypto Plans: Dogecoin, Shiba Inu Included AMC Entertainment Holdings (NYSE: AMC), aka AMC Theatres, provided an update of its crypto plans during the company’s Q3 earnings call Monday. AMC is the largest movie exhibition company in the U.S., Europe, and the world. As of March 31, the company owned or operated approximately 950 theaters and 10,500 screens globally. “We started accepting cryptocurrency for AMC gift cards and are encoding right now to accept cryptocurrency for online payments on our website and mobile app,” AMC CEO Adam Aron explained, elaborating: We are on track right now to accept, as we promised, bitcoin, ethereum, litecoin, bitc...
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Coinbase shares to open lower after 75% drop in net income in Q3

Coinbase posted total net revenue of $1.235 billion in Q3 falling 30% short of FactSet estimates of $1.614 billion. Coinbase (COIN) shares have taken a hit after the firm posted a 75% decrease in net income during the third quarter. COIN closed Nov. 9 with a 0.98% gain at a price of $357.39, however the release of the leading U.S. exchange’s Q3 report after market close has coincided with a dip of around 13.10% (at time of this writing) in after-hours trading. Coinbase posted revenue of $1.235 billion in Q3 falling well below analyst estimates according to FactSet of $1.614 billion. The firm’s profits totaled $406 million, marking a 74.7% decrease in profit compared to the previous quarte r, although it was above analyst expectations of $380M. Coinbase also reported earnings of $1.62 per share, which came in 10% short of the FactSet consensus estimate. pic.twitter.com/VMcdPKkrVA — Shibetoshi Nakamoto (@BillyM2k) November 9, 2021 Despite the underwhelming performance in Q3, Co...
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UK Government Survey Shows 45% of Britons Would Ban Cryptocurrencies for Environmental Reasons

Just before the 26th United Nations (UN) Climate Change Conference (COP-26), the UK government polled 3,071 adults from Britain to ask them their opinions on cryptocurrencies and the crypto industry’s effects on climate change. According to the survey, 45% of Britons would support banning crypto assets for environmental reasons and 18% would oppose a ban. Even though 45% of the polled crowd would ban crypto assets, very few respondents think a ban would be effective. 45% of British Adults Surveyed Would Ban Crypto Assets Over Climate Change Concerns This week climate change has been more topical than usual because of the COP-26 event being held in Glasgow. COP-26 is basically a conference hosted by the UN where global participants discuss solutions for mitigating climate change. Political party members who attend typically make national pledges in order to combat the so-called climate crisis. During this year’s COP-26, the U.K. government decided to survey 3,071 Britons before the ...
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Polygon Deploys Fiat on-Ramps via Alchemy Pay, Enabling Direct Fiat Payments for DeFi

Polygon , an Ethereum scaling platform onboarding millions to Web3, has announced the addition of convenient and flexible fiat payment onramps for the Polygon Network, thanks to a new partnership with Alchemy Pay . Alchemy Pay will create a bridge between fiat and crypto payments by embedding into the Polygon Network, enabling any Polygon-based protocol to set up a fiat on-ramp. The new capability is expected to propel the next phase of growth for Polygon’s DeFi ecosystem. More than 4,000 hosted applications within Polygon’s DeFi ecosystem will now be able to enact transactions on their DeFi apps via direct fiat on-ramps to traditional financial payment platforms like Visa, Mastercard, PayPal and multiple local payment channels around the world. The move will also simplify DeFi app payments on e-commerce platforms, such as Shopify and other networks. Alchemy Pay currently handles $5 million daily transactions, primarily from Asia and Europe. A greater volume of US transactions is e...
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Apple’s CEO Owns Crypto – Tim Cook Thinks ‘It’s Reasonable to Own as Part of a Diversified Portfolio’

The CEO of the tech giant Apple, Tim Cook disclosed that he owns cryptocurrency and said that he thinks it’s reasonable to own it as part of a diversified portfolio.” Cook’s statements stemmed from an appearance with the New York Times Dealbook’s host Andrew Ross Sorkin. Apple CEO Tim Cook Tells the Press He Owns Crypto and It’s Something Apple Is ‘Looking At’ The cryptocurrency economy has been on a tear and recently captured $3 trillion in value this week as bitcoin ( BTC ) and a number of other crypto assets reached all-time price highs. The value of the crypto economy is now more than $500 billion larger than the market capitalization of Apple. The crypto economy also grew significantly faster in value than the American multinational technology company. Meanwhile, Apple’s CEO disclosed that he owns crypto and the executive thinks that its reasonable to add to a portfolio. When asked if he owns crypto, Cook responded: “I do. I think it’s reasonable to own it as part of a div...
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Democratic challenger to crypto-friendly senator's seat is interested in space

38-year-old Senate candidate Morgan Harper said she would be "in learning mode" on the crypto space and solicited comments from her followers. Morgan Harper, a former senior advisor at the Consumer Financial Protection Bureau, is coming out as 'crypto curious' in her race to be the Democratic nominee for one of Ohio’s United States Senate seats. In a Tuesday thread on Twitter, Harper said  she was interested in the possibilities Bitcoin ( BTC ) and other cryptocurrencies could mean for policy in Ohio. According to the Democratic candidate, Bitcoin can take the place of many functions of traditional banks by passing on “the wealth of the network” to all users rather than a handful of large shareholders. “There are crypto projects out there that want to compete with basically every facet of what a bank or social media company does,” said Harper. “Their basic model is more inclusive than a corporation. I've heard anecdotes & seen some stats about how many you...
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Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply

DOT price targets new highs and investors expect the ongoing Polkadot parachain auctions to send the price on a trajectory that mirrors Kusama’s 2020 breakout. This week, a number of contenders are set to participate in Polkadot's first parachain auctions and this process tends to place buy pressure on DOT, while also giving aspiring blockchain projects a chance to show why they offer the most competitive solutions to the different demands that exist in the crypto sector. The ongoing Polkadot parachain auctions follow the success of similar auctions on its sister network Kusama, where projects like Moonriver (MOVR) and Karura have each successfully secured a parachain slot for the next year. Top 5 crowdloans on Kusama by reward rating. Source: Parachains The Kusama parachain auctions began during a downturn in the wider crypto market and played a role in helping KSM recover from a low of $148.85 on July 19 to its current price near $457 as the tokens pledged to auctions were...
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PBoC governor says digital yuan to be more privacy-enhanced than payment apps

Making the e-CNY more privacy-orientated aside, the PBoC already has ambitions to bring the CBDC onto the world stage. During a virtual video session at the Bank of Finland Institute for Emerging Economies' 30th Anniversary Conference, People's Bank of China governor Gang Yi discussed recent developments regarding the country's central bank digital currency, or CBDC, known as the digital yuan (e-CNY). Gang specifically addressed the issue of privacy surrounding the Digital Yuan in the following statement, as translated by Cointelegraph: We are taking a high degree of focus on issues surrounding the security of personal information and the digital yuan and have made relevant regulatory and technological adjustments to meet this objective. We have adopted a principle of anonymity for small transactions regarding the digital yuan and will only step in to regulate under the law for large transactions. When it comes to collecting personal data, we seek only to collect what i...
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Climate Chain Coalition advocates for the creation of a green economy at COP26

A number of representative and delegates supporting the Climate Chain Coalition group spoke at a dedicated panel on Tuesday at COP26. Delegate representatives from the Climate Chain Coalition spoke at the United Nations Climate Change Conference, also known as COP26, in Glasgow, Scotland on Tuesday. Climate Chain Coalition, or CCC, is a global environmental initiative consisting of 250 member organizations and individuals aligned to utilize blockchain, distributed ledger, or DLT, and other promising digital technology solutions to foster the growth of a climate-focused economy. Hosted by Strategic director of CCC, Miroslav Polzer, the panel of expert representatives, including Denby McDonnell, Dr Tia Kansara and Cointelegraph editor-in-chief, Kristina Cornèr, amongst others, spoke unequivocally about the importance of subjects ranging from carbon NFT's through to accountability in corporate practises.  Programme Manager at the Blockchain For Climate Foundation, Denby McDonnel...
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UK Treasury and central bank will consult on CBDC, potentially launching by 2030

"The earliest date for launch of a U.K. CBDC would be in the second half of the decade,” said the Bank of England, adding no final decision has yet been made. The Bank of England and the United Kingdom finance ministry are planning to launch a consultation on the possible rollout of a central bank digital currency starting in 2022. In a Tuesday statement, the Bank of England said the digital pound consultation with HM Treasury would consider design features, benefits and implications for users and business, as well as other relevant issues. The results of the 2022 consultation will determine whether U.K. authorities intend to move forward with a central bank digital currency, or CBDC. “If the results of this ‘development’ phase conclude that the case for CBDC is made, and that it is operationally and technologically robust, then the earliest date for launch of a U.K. CBDC would be in the second half of the decade,” said the central bank. The Bank of England added that “no de...
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Government Official Says Zimbabwe Currently Gathering Views on Cryptocurrencies

An official with the Zimbabwean government recently confirmed the country’s administration is currently gathering views about cryptocurrencies from knowledgeable persons. Government’s Lingering Concerns Charles Wekwete, who is the head of the e-government unit, suggested that the country will only adopt a formal position on cryptocurrencies once the consultation process is complete. According to a Sunday News report , Wekwete — who addressed delegates that attended an IT summit that was held in Victoria Falls — made the comments while responding to an inquiry from the attendees. The attendees had asked Wekwete if the Zimbabwean government’s position on cryptocurrencies had shifted. In his response, Wekwete starts by reiterating his government’s lingering concerns about cryptocurrencies and its fears these could be used to facilitate nefarious activities. However, Wekwete still went on to reveal that the Zimbabwean government is already working towards finding the appropriate regu...
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