Month: January 2022

Evedo seeks to bring event planning to the blockchain

Evedo, a platform consisting of business-to-business, or B2B, & business to consumer, or B2C, marketplaces, seeks to provide blockchain solutions for businesses and participants involved in organizing events. In an exclusive ask-me-anything, or AMA, session with Cointelegraph Markets Pro, Stoyan Angelov, Founder & CEO of Evedo & Fragmint, discussed the business dynamics and tokenomics of Evedo. Evedo tokenomics | Source: Evedo Technical Deck  CT Markets Pro User: How does Evedo use blockchain technology for the events sector? Will the ecosystem be available for everyone or just artists and big events…

GIBX Swap: the future of cryptocurrency

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As we begin a new year and with the crypto market’s capitalization showing some signs of    volatility  Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing…

Polymarket’s CFTC Fine Hints at DeFi Regulation Roadmap

“DeFi presents unique challenges to both builders and regulators, and Polymarket remains committed to working with regulators to ensure that the rules currently governing digital assets and DeFi are sufficiently clear, allow for innovation in the United States, and protect individuals’ interests and the integrity of U.S. markets,” Polymarket  said in its statement. “We remain optimistic and look forward to a productive relationship with the CFTC that carves out a compliant path for DeFi products in the future.” Source

Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan

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Bitcoin (BTC) mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country.  The Nasdaq-listed company announced Tuesday that it had deployed 10,300 AvalonMiner units in Kazakhstan as of Dec. 31, 2021, finalizing phase one of its deployment in the central Asian country. Canaan is partnering with local firms as part of its business expansion plans outside of China. However, the company declined to list any of its local partners. Although Canaan is based in Hangzhou, China,…

Kosovo Moves to Ban Crypto Mining in Face of Energy Crisis

CryptoX – Cryptocurrency Analysis and News Portal The government has declared a 60-day state of emergency, allowing it to allocate more money for energy imports and even introduce power cuts. Jan 4, 2022 at 4:35 p.m. UTC Updated Jan 4, 2022 at 4:35 p.m. UTC Kosovo’s capital, Pristina. (Leonhard Niederwimmer/Pixabay) Original Source The post Kosovo Moves to Ban Crypto Mining in Face of Energy Crisis appeared first on CryptoX. CryptoX Portal

Netgear’s Digital Art Frames Will Support NFTs, Owners Can Connect Metamask to Meural Platform – Bitcoin News

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At the Consumer Electronics Show (CES) in Las Vegas, multinational computer networking company Netgear, based in San Jose, California, showcased the company’s Meural digital art frames. According to an announcement, Netgear has added non-fungible token (NFT) tech support, and the Metamask Web3 wallet will be able to sync with the product. Netgear Adds NFT Support to Meural’s Digital Art Platform Non-fungible tokens (NFTs) are very popular and it doesn’t seem like the trend is going away any time soon. For instance, four NFT collections now have billion-dollar market valuations including…

3 reasons why Ethereum can reach $5,000 in Q1

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Ethereum’s native token Ether (ETH) has plunged by more than 20% after establishing its record high at around $4,867 on Nov. 10, 2021. Nonetheless, the sharp price pullback does not mean ETH can’t pursue a new record high in the next few months, as several widely-tracked technical, macroeconomic, and on-chain indicators suggest.  One of these indicators envisions Ether’s price reaching $5,000 in the first quarter of 2022 while others look are poised to support the bullish bias. ETH price painting falling wedge Ether’s recent price correction is painting a potential classic…

Kosovar government halts crypto mining amid power crisis

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The government of Kosovo has ceased crypto mining in the country owing to power constraints during the winter season. Kosovo’s Minister of Economy, Artane Rizvanolli, has decided to stop crypto mining following a recommendation from the Technical Committee on Emergency Measures for Energy Supply, according to a report by local outlet Gazeta Express. The report notes that the government made the decision after Kosovo’s power supply fell below the stipulated level, and it began to impose electricity cuts during peak usage periods. According to Rizvanolli, the government decided to establish a technical…

What Is Web 3? Here’s How Future Polkadot Founder Gavin Wood Explained It in 2014

The protocols and technologies on the web, and even at large the internet, served as a great technology preview. The workhorses of SMTP, FTP, HTTP(S), PHP, HTML and Javascript each helped contribute to the sort of rich cloud-based applications we see today such as Google’s Drive, Facebook and Twitter, not to mention the countless other applications ranging through games, shopping, banking and dating. However, going into the future, much of these protocols and technologies will have to be re-engineered according to our new understandings of the interaction between society and…

CoinFund, Franklin Templeton Back NFT Venture Studio Metaversal With $50M Raise

NFT venture studio Metaversal raised a $50 million Series A funding round led by CoinFund and Foxhaven, the company announced Tuesday. The non-fungible token firm says it will use the funding to grow its portfolio and support companies working toward building an open metaverse. NFT interest is back on the rise with projects like Bored Ape Yacht Club eclipsing $1 billion in all-time sales on Tuesday. For context, Metaversal was the first institutional investor in ConstitutionDAO and has collected more than 750 NFTs to date. Collab+Currency, Dapper Labs, Digital Currency…