Day: January 14, 2022

What’s The Lightning Development Initiative?

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There’s no denying that 2021 was the Lightning Network’s year. What does the future hold, though? If the objective is to onboard the next billion people, the network needs work and fine-tuning. To grab the bull by the horns, The Human Rights Foundation and Strike set up three 1 BTC bounties.  The bounties will go to the first person or team to develop an anonymous Lightning tip jar, a tokenless way to peg BTC to dollars, or a privacy-focused wallet that supports some kind of Chaumian e-cash feature. In a…

Tesla launches Dogecoin payments for merch but there is a catch

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Tesla CEO Elon Musk announced that Tesla now accepts Dogecoin (DOGE) as payment for the company’s merchandise. DOGE-eligible products in the Tesla store can be purchased by sending DOGE to Tesla’s Dogecoin wallet.  While it’s accepting DOGE, the firm also clarified that they are not taking any other crypto. The company states that it cannot detect other assets but DOGE on its website. The business tells customers that “non-Dogecoin digital assets sent to Tesla will not be returned to the purchaser.” Additionally, items purchased with DOGE “cannot be returned, exchanged…

Blockchain Backed Webtoon Platform TooNFT Launches On Toomics Ecosystem

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TooNFT plans to develop a decentralized webtoon platform. The project has raised a staggering $1.75 million in a private round supervised by HG Ventures. The TooNFT project succeeds in attracting institutional investors such as Mindfulness Capital, Adaptive Labs, Prestige Fund, Alphabet, and GBIC. With the backing of such investors, TooNFT is set to become an incredible product. According to the press release, TooNFT will leverage the ecosystem of an immense profit-generating business model of Toomics, a South Korean Webtoon firm. The affiliate of the TooNFT, Toomics has become South Korea’s…

Solana Could Flip Ethereum To Become “Visa Of Crypto,” New Study By Bank Of America Shows

New research from Bank of America Reveals Solana might become the “Visa of the digital asset ecosystem.” Because of its focus on scalability, ease of use, and low transaction costs, the bank stated the Solana blockchain may very well become the equivalent of Visa for the world of cryptocurrencies and NFTs in a research report to its clients after hosting the Solana Foundation’s member Lily Liu. Solana High Throughput Is It Merit In a Tuesday research note, Bank of America digital asset strategist Alkesh Shah said that Ethereum competitor Solana…

Near Foundation Raises $150 Million to Bolster Web3 Adoption – Altcoins Bitcoin News

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On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind the sharded Near blockchain protocol, a proof-of-stake (PoS) network, has raised $150 million in capital in a recent finance round led by Three-Arrows Capital. According to the funding announcement, Mechanism Capital, Dragonfly Capital, a16z, Jump,…

Crypto Options Market Starting to Have Material Impact on Spot Market: QCP Capital

While a correlation between equities and crypto has become more apparent during the last year, Singapore’s QCP wrote that there is a limit to this correlation because of the increasing importance of the crypto options market. As the bitcoin and ether markets followed the bearish sentiment of the equities market as the week began, bitcoin and ether tumbled below $40,000 and $3,000 respectively. QCP wrote that they believe there was a bounce-back because of the number of strikes at the $40,000 mark for bitcoin, and the $3,000 mark for ether,…

DeFi 3.0 – A Pathway Forward

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The decentralized finance (DeFi) sector is easily one the most potent and promising parts of the world’s growing finance industry. As the name implies, decentralized finance removes central authorities and intermediaries from the sector, granting the public direct access to financial products at the best possible rates. Essentially, banks and other financial institutions can no longer exert their control over the market, putting the power into the hands of everyday individuals. There are several advantages to using DeFi. One of the most noticeable is the autonomy it provides the public.…

Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months – Finance Bitcoin News

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Following the charged-up debut of the Proshares bitcoin exchange-traded fund (ETF), Valkyrie’s bitcoin futures ETF and the Vaneck bitcoin strategy ETF, interest in these types of funds seems to have faded a great deal. After the Proshares bitcoin ETF BITO reached an all-time high on November 10, the ETF is down 39% over the last 64 days. Valkyrie’s bitcoin ETF has also shed 37% in value over the last two months. Bitcoin Futures ETF Lull Continues A large portion of the cryptocurrency community was very hyped up for years about…

How NFTs Help Shape the Future

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NFT stands for Non-Fungible Token – Non-Fungible meaning unique, and token meaning record of ownership stored on a blockchain. Put together, an NFT is a record of ownership of a unique item that’s stored on a blockchain. While NFTs had their start in generative art, their use cases have expanded to include other digital items like metaverse land, blockchain game characters, and music. Further, a process called tokenization allows the ownership of physical items to be encoded into blockchains, expanding NFT use cases even further to include things like merchandise,…

Kingdom Karnage Raises $2M From Animoca Brands, Enjin and DFG to Boost GameFi Features – Press release Bitcoin News

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press release PRESS RELEASE. United Kingdom — January 13th, 2022 – Kepithor Studios has announced a set of innovative new GameFi mechanics coming to its turn-based NFT battle game, Kingdom Karnage. The game will introduce new play-to-earn opportunities for its players, powered by its upcoming KKT token, which has received investment from Animoca Brands, Kriptomat, ExNetwork, MyMetaverse, DFG, Jsquare and many others. The team intends to build a bridge that will allow the KKT token to move from Binance Smart Chain to Enjin’s Jumpnet where users can transact with zero…