Day: May 23, 2022

BNP Paribas Joins JPM’s Blockchain Network Onyx for Fixed Income Trading: Report

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Why Are GameFi Projects Crucial Contributors To Crypto Adoption?

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The gaming industry is pegged to hit the $200 billion mark by 2024 and is constantly outperforming expectations. Play-to-Earn (P2E) is trending in GameFi, besides being a significant catalyst for crypto adoption. According to Triple-A, the total revenue from blockchain gaming has risen from $321 million in 2020 to $1.5 billion in 2021. Blockchain-based games have attracted 1.22 million unique active wallets (UAW) in Q1 2022. Popular titles like Axie Infinity and Decentraland accounted for 22,000 of those. The promise of decentralized ownership, inclusive decision-making procedures, and attractive financial incentives…

Ripple SVP says crypto winter provides an opportunity to build

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Cointelegraph’s editor-in-chief Kristina Cornèr interviewed Brooks Entwistle, Ripple’s senior vice president (SVP) for global customer success at the World Economic Forum (WEF) at Davos, Switzerland, discussing his time in Ripple and the current “crypto winter” and what market participants should focus on.  Having worked in prominent firms like Goldman Sachs and Uber, the Ripple SVP shared that his experience in Ripple has given him the opportunity to explore. In the past year, Entwistle shared that their team has been learning more about the industry to “understand what business models are…

ICO fines facial recognition database company Clearview AI Inc more than £7.5m and orders UK data to be deleted

The Information Commissioner’s Office (ICO) has fined Clearview AI Inc £7,552,800 for using images of people in the UK, and elsewhere, that were collected from the web and social media to create a global online database that could be used for facial recognition. The ICO has also issued an enforcement notice, ordering the company to stop obtaining and using the personal data of UK residents that is publicly available on the internet, and to delete the data of UK residents from its systems. The ICO enforcement action comes after a…

BREAKING NEWS – CRYPTO INVESTOR MET with Luna Founder's Wife at Home – CRYPTO NEWS UPDATES #luna

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto Investor Who Lost Big Money Spooks Luna Founder’s Wife at Home: Report Luna, once the fourth largest cryptocurrency in the world, plunged to $0 on Thursday. VIDEO RELATED TO LUNA LATEST UPDATE LUNA NEWS LUNA NEW TOKEN UST COIN UPDATE LUNA COIN LATEST CRYPTO NEWS #luna #crypto ✅ How to buy Premium ► Subscription Buy Process ► Website 😊 Be smart trader with smartviewai.com (We will never DM you for any money) ➡️ Buy / Sale Crypto in India 👇 ►…

Why did UST decoupled from USD and LUNA Plummeted by 99.9%?

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Why did the algorithmic stablecoin UST experience severe price de-anchoring? TerraUSDT (UST) is—though “was” might be better—an algorithmic stablecoin whose stability mechanism stemmed from the promise of a payout with LUNA. Traders mint and burn tokens as needed to ensure the stability of UST out of trust in the Terra blockchain. However, in the last week, the UST’s price crashed, falling below ten cents and completely losing its peg. Before its decoupling from USD, UST was the third-largest stablecoin by market cap. This makes the collapse one of the most…

Do Kwon shares LUNA burn address but warns ‘LUNAtics’ against using it

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The recent Terra revival plan announced by Do Kwon, the co-founder and CEO of Terraform Labs, received mixed reactions as many questioned the effectiveness of a hard fork in reviving the fallen prices of Terra (LUNA) and TerraUSD (UST) tokens. Instead, the part of the community recommended burning LUNA as the most plausible way to achieve a comeback. Kwon’s proposal to preserve the Terra ecosystem involves hard forking the existing Terra blockchain without the algorithmic stablecoin and redistributing a new version of the LUNA tokens to investors based on a…

Bitcoin Reclaims $30K Territory After Recent Weeks’ Struggle

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Bitcoin recorded a significant positive divergence early Monday, following seven days of trading below $30,000. The crypto is trading at $30,536.93 at press time, a decrease of 2.5 percent from the previous week, according to Coingecko data. In the preceding 24 hours, the worldwide cryptocurrency market capitalization increased by almost 2 percent, reaching nearly $1.3 trillion. However, the total trading volume of cryptocurrencies was up by more than 28 percent to $62.13 billion. Bitcoin has struggled in recent weeks as the U.S. Federal Reserve has increased interest rates and inflation has remained up, increasing…

Latest updates from the Cointelegraph Davos team

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Disclaimer: This article is updated all day long. All time codes are in the UTC time zone, updates in reverse order (the latest update is placed at the top). This year’s World Economic Forum marks the first in-person event since the start of the pandemic. The last WEF with physical attendance was in Jan 2020. Cointelegraph established a unit, including editor-in-chief Kristina L. Corner, head of video Jackson DuMont and news reporter Joseph Hall, in Davos to bring in the latest updates from one of the most significant global events…

The Real Work Must Start Now – Op-Ed Bitcoin News

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The Central Africa Republic (CAR)’s surprise bitcoin adoption decision once again shows that the top cryptocurrency can be an alternative to fiat currency. However, the African country still needs to invest heavily in its telecommunications infrastructure. The CAR also needs to prioritize education that helps the population to familiarize itself with cryptocurrency basics. The CAR’s Expensive Internet There is little doubt Central Africa Republic’s decision to designate bitcoin (BTC) as legal tender has surprised many. Few people expected CAR — one of Africa’s most impoverished countries and one whose economy…