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In the crypto world, distinguished institutional investors are always making forward-looking investments that foreshadow the next boom in the industry, which is why their investment targets have remained at the center of the spotlight. ViaBTC Capital, a crypto institutional investor founded just last year, boasts equally perceptive insights. StepN, a Move2Earn application it invested in last year, has become a successful example of gamified Web3 projects. Apart from applications, ViaBTC Capital has also been focusing on infrastructures. Since the beginning of 2022, we have prioritized investments in crypto categories that…
SHIB valued about $251,000 have been burned in the first 24 hours of operation, data show. Source
However, this method, at the end, felt too costly and clunky for Alexander to use regularly, he said. Now, he’s looking into more traditional, fiat remittance options that still work for Russian citizens. For example, KoronaPay, a Cyprus-registered fintech company, allows users to send money between Russia and multiple other countries, including some in the European Union, similar to what Western Union does. Source
CryptoX – Cryptocurrency Analysis and News Portal The evolution in interest among tradfi from crypto curiosity to crypto commitment is perhaps the industry’s most important move yet. Original Source The post Crypto Payments: When the Tech Fades to the Background appeared first on CryptoX. CryptoX Portal
Down The Silk Road: Where Crypto Has Always Been Used for Payments Source
Porn, gambling and even furniture sales are deemed “high-risk” merchant categories. Sometimes the risk is financial; other times it’s just bad publicity. Source
To enable the wide adoption of crypto payments, the goal is to create a user experience that feels similar to the solutions they know today but is augmented to deploy the unique advantages that blockchains offer in terms of speed, cost, security, privacy, programmability, and resilience. Delivering such an experience requires progress on several areas involving the combined efforts of developers, designers, policymakers and regulators, and payment providers. Source link
Some argue that online settlements are necessary to avoid double spending. A 2021 memo from Riksbank, Sweden’s central bank, made that assertion with little substantiation, except to say that 100% tamper-proof devices don’t exist. However, even if that were true, software countermeasures can limit the impact of a hardware hack, like holding and transaction limits and mutual authentication requirements. That’s the approach that WhisperCash has taken. Plus, BitMint has patented a hardware wallet with quantum-grade security that will erase all of the currency stored in it upon any tampering attempts..…
Blockchain data analytics firm Chainalysis has found that the total cryptocurrency gains worldwide amounted to $163 billion in 2021, which was 5x the previous year or a 400% increase. Chainalysis on Crypto Gains Worldwide Blockchain analysis firm Chainalysis published a blog post last week titled “2021 Cryptocurrency Gains by Country: Ethereum Leads as Gains Skyrocket Around the World.” The firm explained that its estimates are based on a combination of web traffic data and its transaction data, including “on-chain, macro-level flows of all crypto assets” it tracks. Noting that “2021…