“We think if we get our data models correct, we can have a private sector-based UBI,” he explains. “It can be done using blockchain-based tools to empower individuals, especially in emerging markets where that value can go a lot further, to have a passive source of income. And at the same time, that income can be applied for economic development, mobility. So that’s an incredibly powerful thing.” Source
Ubisoft entered the NFT market after Tom Clancy’s Ghost Recon Breakpoint was announced as the first game to provide NFTs in a beta trial in select countries. Ubisoft Quartz, an NFT venture that allows players to buy artificially rare digital products with bitcoin, was launched earlier this month. The AAA industry’s first real venture into NFTs was announced with this announcement. How successful has Ubisoft’s entrance into the blockchain been in just over a month after its announcement? Ubisoft’s NFTs Fail At Launch The publisher’s initial blockchain-based virtual items, unique…
Binance officially announced the implementation of a new Binance Coin (BNB) Auto-Burn protocol to replace its current quarterly burn mechanism. In response to the requests of the BNB community, Binance changed its quarterly burning protocol for BNB tokens. According to Binance, this will provide more “transparency and predictability” to its community. With this, BNB will be burned automatically based on a formula consisting of on-chain data of total blocks generated and the average price of BNB. At the moment, there are two burning mechanisms for BNB. One is the real-time…
It’s time for NFT 2.0. Those who have not dipped their toes in NFT 1.0 already may say that NFT 2.0 came too quickly, but non-fungible tokens do have the capacity to surprise. If 2021 was a milestone for NFTs, 2022 and beyond will be its technological seven-mile step. Considering that a handful of the NFT 2.0 projects are now fighting for a place in the global spotlight, we have picked out and covered the most interesting among these, so make sure you check them out below! Shooting High with…
According to a new report, illegal transactions, scams and gambling together make up less than 3% of the volume on the Bitcoin blockchain while exchanges and trading desks account for around 80% of volume. Exchanges Dominate Bitcoin Volumes A new study called “Blockchain Analysis of the Bitcoin Market” has found that illegal transactions, scams, and gambling combined account for just 3% of all onchain bitcoin trade volume. On the other hand, the study asserts that exchange and trading desk-related volume — which is mostly speculative — constitutes about 80% of…
Global interbank messaging network SWIFT plans to explore how it can support interoperability in the tokenized asset market. SWIFT is planning a series of experiments in the first quarter around improving the exchange of information between the participants and systems that interact during the lifecycle of tokenized assets, according to a Tuesday announcement. The experiments will use central bank digital currencies (CBDCs) as well as established forms of payment. The organization, which links more than 11,000 institutions, aims to support the issuance, delivery-versus-payment and redemption processes, demonstrating how it could…
”NEAR has developed an impressed scaling solution that surpasses most available alternatives,” Jack Tao, CEO of crypto exchange Phemex told CoinDesk on Telegram. “It comes as no surprise that more and more projects will integrate or begin to develop on this ecosystem. With the launch of its Aurora EVM solution, I expect to see even more growth in the years to come.” Source
Telegram co-founder and CEO Pavel Durov has expressed excitement about the Telegram Open Network (TON) technology still developing after Telegram officially abandoned the project last year. “I’m proud that the technology we created is alive and evolving. When it comes to scalability and speed, TON is still years ahead of everything else in the blockchain realm,” Durov said in a Telegram post on Thursday. He noted that the project rebranded from TON to Toncoin. Unlike the original TON, the new project is independent of Telegram. “But I wish its team…
2002 and 2021 saw a massive influx of new retail and stay-at-home traders, prompted by a combination of lockdowns and lack of entertainment outdoors, causing many to begin looking for entertainment inside their computers. The keywords “Forex” and “Crypto Trading” on Google saw a huge boost in searches as the trends of consumers rapidly moved online. Bitcoin traders had a remarkable year with the price of Bitcoin climbing over 90% in 2021 and Ethereum soaring over 265%. That all paled into insignificance compared to Solana’s gains of 9683%. This created…
Bitcoin (BTC) stuck rigidly to its tight range on Dec. 23 as price action continued to contradict strong buying activity. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hodlers busy accumulating Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to hold $49,000 after hitting 10-day highs. The pair remained stuck in a trading zone only around $4,000 wide, a key factor fuelling bets that a “short squeeze” would hit over the holiday period. Against declining volatility, data reinforced conviction among investors, with the supply being bought up at roughly three…