The move will facilitate more FRAX based transactions on those blockchains and create greater demand for their layer 1 tokens, Kazemian said. Layer 1, or base, tokens are the native assets of individual blockchains, such as Ethereum, Avalanche, or Terra. Source
Cryptocurrency exchange Coinbase has announced that it is launching full-scale crypto trading in India with Unified Payments Interface (UPI) support. However, moments later, the National Payments Corporation of India (NPCI), which developed UPI, stated that no crypto exchange is using the UPI system. Coinbase Launches in India, Hit With UPI Problem The Nasdaq-listed cryptocurrency exchange Coinbase announced Thursday at an event in Bengaluru that its trading platform will be fully available for retail traders in India. The company said that customers will be able to buy cryptocurrencies on Coinbase using…
UNBLOK LLC provides consumers with a revolutionary solution through blockchain technology, allowing users to use the application on their mobile phones without the need to conduct traditional application market research and get rewards. UNBLOK LLC is transforming the incentive-based applied market research business by focusing on payments via blockchain and cryptocurrencies, generating usage data, and providing a win-win situation of picture for businesses and customers. Different from traditional incentives for users to get rewards by scanning receipts, watching advertisements, completing surveys, etc., unblock uses blockchain technology to collect non-identifiable analysis…
A Bitcoiner has “pooled” off another mining innovation. The ‘waste’ heat generated by mining Bitcoin (BTC) is used to warm his swimming pool. Bitcoin enthusiast Jonathan Yuan had kids who “love swimming, but the year before [he started using waste heat], they barely ever did it because it was always too cold for them.” Fortunately, he was interested in Bitcoin mining and understood that Bitcoin mining emits a lot of heat. Yuan told Cointelegraph that he purchased a “heat exchanger and setup some ASICs,” (application-specific integrated circuits), and subsequently managed…
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On Sunday, citizens in one of the world’s top 10 economies go to the polls to choose their leader – and CoinDesk examines what France’s crypto community wants to see. Source
South Africa has taken another step closer to implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical proof-of-concept for the project. The project, titled Project Khokha 2 (PK2), is the second phase of SARB’s Project Khokha (PK1), launched in 2018. It experimented with distributed ledger technology (DLT) for interbank payments’ settlement, successfully replicating the banks’ “SAMOS” real-time gross settlement system. This second phase, PK2 was launched in February 2021 and tested DLT with clearing, trading and settlement within the proof-of-concept environment with…
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Following the Luna Foundation Guard’s (LFG) purchase of 5,040 bitcoin on Wednesday, the following day the Singapore-based non-profit announced it will be acquiring $100 million avalanche (AVAX) tokens. LFG detailed on Thursday that the purchase is meant to strategically align the Terra network with Avalanche ecosystems. LFG to Add $100 Million in Avalanche Backing to UST Reserve On Thursday, the Luna Foundation Guard announced that it inked a deal with the Avalanche Foundation to acquire $100 million worth of AVAX, the Avalanche blockchain’s native asset. LFG is a non-profit dedicated…
The Tennessee Titans will be the first NFL team in the league to accept cryptocurrency payments, according to emerging reports. While details are limited, it’s now known that the club will utilize a third-party payments provider to allow for larger, recurring purchases via Bitcoin. It’s unknown who exactly that payment provider is, if other crypto token payments will be supported now or in the future, and a timeline for such support (as well as potential timelines for broader support for more simple transactions like one-game tickets). Nonetheless, it’s still substantial…