Day: January 3, 2022

VeChain Foundation Announces New Stablecoin, Fresh Demand For VET?

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The VeChain Foundation has started 2022 with a potential major announcement. Via their official Twitter handle, the organization hinted at the possible released of a new native stablecoin called VeUSD. Related Reading | VeChain Foundation Welcomes New DEX To Its Ecosystem The Foundation little details on this new product but announced its followers that it’ll be “something special (…). Something that will allow us to take VeChainThor to the next level in multiple ways”. The stablecoin VeUSD will be a tool to “unleash” DeFi capabilities for the VeChain ecosystem. The…

As US Inflation Skyrockets White House Blames Monopolies, Economist Calls for Price Controls – Economics Bitcoin News

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U.S. inflation is red hot and a number of analysts and economists are predicting America will face further economic issues as politicians and the Biden administration blame corporations. This perspective on rising inflation has led finance authors like Isabella Weber to believe that price controls could ease America’s economic burdens. Biden Administration Blames Inflation on Corporate Greed, Monopolistic Behavior America is dealing with the worst inflation in over four decades and the White House thinks that tougher anti-monopoly policy could fix the situation. Furthermore, a few congressional leaders want to…

Why is Web3 So Crucial for Avalanche Dapps?

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With the rapid pace of progress and innovation, blurred together with at least as much buzz-word saturated hype, it can become easy to get lost in the growing wave of news, advertisements, and social media blasts around the next big thing. Two of these buzzwords driving conversation are “Web3” and “Dapp”.  What makes it more difficult is that you can’t just dismiss the news on either term.  There are genuinely world-changing innovations that are being developed, and entire ecosystems are growing so rapidly that they feel like they are appearing…

Samsung uses blockchain technology to address climate change

Samsung Electronics America announced Monday at the CES tech conference in Las Vegas its partnership with veritree, a blockchain-based climate solutions platform, to plant 2 million mangrove trees in Madagascar over the next three months. Veritree uses blockchain technology to manage the reforestation process and verify each tree that is planted. The tree-planting initiative is part of Samsung’s nature-based action plan on environmental sustainability, specifically to capture and sequester carbon dioxide (CO2) from the atmosphere. The goal is to restore roughly 200 hectares of land and sequester roughly 1 billion…

The Year The Secular Bitcoin Bull Run Could End

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When the December 31, 2021 candle came to a close in Bitcoin, it didn’t just begin a new calendar year – it triggered a sell setup of epic proportions. Here is why the secular bull run in cryptocurrency could come to an end this year, and the first true bear market emerge. Bitcoin Yearly Chart Triggers First Ever Sell Setup You wouldn’t know it based on the recently bearish price action, but Bitcoin has been in an ongoing bull market since the second the genesis block was generated exactly thirteen…

SPACE to Lead the Way in the Social Commerce Arena

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The Metaverse is changing the way we interact with one another, turning the two-dimensional world of the internet into a 3-D world where we can meet, communicate, engage, and even play games together. SPACE has taken this one step further with their own virtual world, which propels the user into colorful and friendly environments to meet, exhibit art, and hold our global conference. SPACE is set to become one of the biggest names in Metaverse technology, powered by their latest fundraising round. The innovative company has raised $7 million from…

Web 3.0 Is Too Complicated

One of the most important goals and benefits of the Web 3.0 revolution is for the world’s information technology ecosystems to re-decentralize. The internet, when it started, was a highly decentralized system. Centralized systems have, in time, layered themselves very successfully across this decentralized ecosystem. The economics of the software business and the power of network effects is the foundation for the centralization of the Web 2.0 era, and they are helped along by liberal use of dark patterns on users as well (i.e. Web 2.0 tricks to get people…

Ariane Capital Launches ARBA Spin, A Crypto Fund to Offer Absolute Performance

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Ariane Capital, a traditional family office involved in the cryptocurrency market since 2014, is launching an ARBA SPIN, a certificate actively managed with a long-term directional objective. The fund mixes the fundamental analysis of the crypto with the ability to seize opportunities identified within for best returns. Over the past two years, the crypto industry gained mainstream attention and mass adoption, and traditional financial institutions increasingly started seeking exposure to this new asset class as well. (Image Source) With demand for crypto assets evolving, Ariane Capital noted that its clients…

Polygon and Matic: What’s the Difference?

According to a dashboard on Dune Analytics, Polygon’s bridges, which hold $6.6 billion in total value locked (TVL), are second to Avalanche, which holds $7.78 billion. Arbitrum, another popular layer 2 solution, holds $2.5 billion, and Ronin Bridge, a bridge for the Axie Infinity ecosystem, has $6.1 billion in TVL. CryptoX Portal

Should Western Union Worry About Stablecoins?

If Bob, who occupies one region of the crypto economy, wants to remit $200 to Alice in another region of the crypto economy, USD coin or tether are the most convenient options. Interposing a non-blockchain intermediary like Western Union into the mix would be a step backwards. That would introduce an expensive double-hop, much like a stablecoin remittance in the real world introduces a double-hop. Source