Borderless – CryptoX

The Disruption is global and its reach knows no bounds. As bitcoin & crypto stories from around the world circulate, Coindesk reporters Anna Baydakova and Danny Nelson, will dissect their top most influential picks to explore every week here on Borderless. Be the first to hear Borderless by subscribing to the CoinDesk Reports podcast feed. Original Source borderless CryptoX Portal

Iran to Permit Use of Cryptocurrencies in International Settlements, Reports Reveal – Bitcoin News

Authorities in Iran are preparing to allow the employment of cryptocurrencies for international settlements. According to local media, central bank and government officials have given the green light to adopt a mechanism using digital coins in the field of foreign trade. Businesses in Iran to Be Able to Pay Foreign Partners With Crypto Iranian companies will be allowed to use cryptocurrencies in settlements with partners in other countries, local media reported. An agreement to that end has been reached by the Central Bank of Iran (CBI) and the Ministry of…

Metaverse Scarcity Isn’t Real

Blockchains solve some very specific problems very well, such as handling transactions without a centralized intermediary and allocating and tracking scarce resources in a very efficient and transparent manner. Community membership, however, is about so much more than a transaction, and it is not, in most cases, a genuinely finite resource. And while there’s no reason to believe blockchain-based systems won’t work, they do not appear to be the best way found so far. And so, at least for myself, when it comes to land, I’ll be taking mine in…

US lawmaker hints at upcoming crypto legislation as Jerome Powell says Fed will release report on digital currency soon

At his confirmation hearing in front of members of the Senate Banking Committee, Federal Reserve chair Jerome Powell said the agency would be releasing its report on cryptocurrencies “within weeks.” Addressing Idaho Senator Mike Crapo remotely from the Dirksen Senate Office Building on Tuesday, Powell said the Fed’s report on digital currencies wasn’t “quite where we needed to get it” but would be released soon regardless. The Fed chair cited “changes in monetary policy” as part of the reason for the delayed report, which is expected to address policy surrounding…

Yearn Finance Creator To Launch New AMM, What It’s All About?

Famous for his motto “I test in prod”, Andre Cronje, inventor of Yearn Finance and other DeFi protocols, will launch a new platform. Called ve(3,3) it has been designed as an Automated Market Maker (AMM) to operate with a “protocol for protocols” architecture. Related Reading | Solana DeFi Goes Stratospheric as Hubble Protocol Announces $3.6M Raise In other words, this new AMM will be easy to integrate with other platforms to incentivize their own liquidity and without tradeoffs. The protocols that decide to add ve(3,3) won’t lose fees, volumes, or…

How Digital Assets Have Revolutionized the Way We Build Generational Wealth

Ten years ago if you asked someone what their plans were for building wealth, their answer would have likely been investing long-term in real estate, the S&P 500, bonds, private equity, or hedge funds. Fast forward to 2022 and the dawn of DeFi has revolutionized the way people seek to build wealth for the future, with digital assets now providing a new alternative for investment opportunities. Although generational wealth has historically been accumulated through traditional investment streams, a recent survey by CNBC Millionaire Survey found that 47% of millennials have…

The Magic of a Play-to-Earn Metaverse

The Magic of Wizardia’s Play-to-Earn Metaverse Wizardia introduces users to a fantasy world that has been overrun and distorted by a hostile fog. Life as we know it has been irreversibly changed, and the player-character must take on the role of one of many unique wizards to fight in order to survive – and even thrive. In game terms, this means battling other player-characters in PvP battle arenas, building home bases while contesting with a finite resource environment, taking part in tournaments, and solving puzzles with the help of other…

Bitcoin price surges to $43K, but traders warn that ‘real pain’ is due for altcoins

Bitcoin (BTC) fell slightly into the Wall Street open on Jan. 11 after the largest cryptocurrency failed to crack resistance above $42,000, but fresh comments from U.S. Federal Reserve chair Jerome Powell appear to be providing a boost to markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin squares off at support According to Powell, the U.S. is likely to remain in a low interest environment for some time, a comment which stocks and risk on assets like cryptocurrencies seem to appreciate. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…

Iran to allow crypto payments for international trade: Report

The Central Bank of Iran, or CBI, and the Ministry of Trade have reached an agreement to link the CBI’s payment platform to a trade system allowing businesses to settle payments using cryptocurrencies, the Mehr News Agency reported Monday. Alireza Peyman-Pak, Iran’s deputy minister of Industry, Mine and Trade and head of Iran’s Trade Promotion Organization, or TPO, said that the new payment mechanism is expected to be finalized “within the next two weeks.” “We are finalizing a mechanism for operations of the system. This should provide new opportunities for…