Month: January 2022

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

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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?

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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

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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

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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

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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

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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…

Flickto Announces First-Ever Public Sale Round On ADAX

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Flickto, the first media launchpad on the Cardano ecosystem, has announced that it will be holding a public sale round on ADAX. This is coming off the back of a successful fundraising round held in December that marked the end of a wildly successful year for the project. Now, Flickto is taking it one step further as it offers the public the chance to get in on the project that will revolutionize the content creator space. First Public Round On ADAX The Flickto IDO/public round is set to begin on…

ARK Invest CEO Cathie Wood On What Will Drive Bitcoin Correction

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The price of bitcoin continues to struggle and investors look towards various indicators to know when the price of the digital asset would begin to correct once again. While some indicators have shown promise in predicting what may yet come, it remains a guessing game as bitcoin has always been known to have a mind of its own when it comes to price movements. To this end, Cathie Wood, famed CEO of ARK Invest, has shared some interesting thoughts around the market correction and what will drive it. The bitcoin…