During the World Economic Forum (WEF) 2022, Sheila Warren, the CEO of Crypto Council for Innovation (CCI), sat down with Cointelegraph to discuss a range of topics including the state of crypto, decentralized autonomous organizations (DAO) and safety within the metaverse. Reminiscing on previous WEF events, Warren started off by comparing the past WEF events to this year’s event. The CEO of CCI told Cointelegraph that she finds it amazing to see how projects that were just starting out in WEF events of 2018 and 2019 have now made themselves…
Day: May 23, 2022
Genomics company explores NFTs in hopes of advancing precision medicine
It’s predicted that nonfungible tokens (NFTs) will have a vast impact on society. Given this, it shouldn’t come as a surprise that the trillion-dollar healthcare sector has begun to explore NFTs tokens to advance medicine. It’s also important to point out that blockchain technology can play an increasingly important role within the healthcare sector. This was recently highlighted in a report from the European Union Blockchain Observatory, which specifically documents how blockchain applications can solve challenges facing the healthcare industry. For example, the paper notes that patient engagement and transparency…
Goldman Sachs Says DeFi’s Interconnections Can Increase Systemic Risk
The collapse in UST hit stETH, with the token trading at a 4.5% discount to ETH, Goldman said. That’s because stETH holders were able to convert their tokens into bonded ether (bETH) and earn rewards on Terra’s Anchor Protocol. As a result stETH was vulnerable to Terra blockchain halts, which impact withdrawals, according to the report. Source
Mykola Udianskyi Wins “Best Digital Currency Influencer 2022” at WIBA Awards in Cannes
The fourth annual WIBA awards (World Influencer & Blogger Awards) have just concluded in Cannes, France, with Ukrainian IT entrepreneur and crypto guru Mykola Udianskyi winning the “Best Digital Currency Influencer 2022” award. And this year, it was the people of Ukraine who were the focus of the event, with the format of the ceremony being changed to that of a gala dinner and fundraiser to help the country’s most in-need citizens. And Mykola wasn’t the only Ukrainian to win an award this year. Over the two days from May…
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ICO-Funded Project Sparkster Converts $22M in Ether to USDC After 3 Years, No Product
The pseudonymous blockchain analyst zachxbt first reported the findings. One of the wallets, tagged “Sparkster: Wallet 5” on blockchain explorer Etherscan, saw some 2,599 ETH converted to USDC. The wallet was last active 1,371 days ago, or in August 2018. Source
Avalanche nears key breakdown level that could sink AVAX price by another 65%
Avalanche (AVAX) gained 0.5% to reach over $31 on May 23 but AVAX price remains trapped inside a trading range that appears like a “bear pennant” structure. Avalanche could get buried technicals Bear pennants are bearish continuation patterns, i.e., they resolve after the price breaks out of them to the downside and then—as a rule of technical analysis—falls by as much as the height of the previous downtrend, also called “flagpole.” AVAX is nearing a technical breakdown as its price moves toward the pennant’s apex, i.e., the point where its…
The World Economic Forum Is Worried About Safety in the Metaverse – Metaverse Bitcoin News
The World Economic Forum (WEF), one of the most influential international institutions, has expressed its worries about the safety of metaverse dwellers, especially younger ones. The group has raised a number of concerns regarding the anonymity and safety of young individuals in this upcoming alternate world, and has given a number of recommendations to preserve them. World Economic Forum Puts Metaverse Child Safety First Big forums and institutions in the world are thinking about the implications that living a part of our lives in the metaverse might bring.…
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Weekly Ethereum Exchange Outflows Hit $5.7 Billion
Crypto exchanges witnessed a sharp surge in Ethereum outflows during the past week as nearly $5.7 billion worth of ETH left prominent digital asset trading platforms. During the mentioned period, inflows came in at $4.8 billion. According to Glassnode’s data, Ethereum whales accelerated the movement of the world’s second-most valuable digital currency from crypto platforms to digital wallets. As far as the ETH network is concerned, the total number of ETH whales has increased in the recent market correction. 290,162 Ethereum addresses now hold at least 10 coins, the highest…