Day: July 20, 2022

What’s next for the future of Ethereum? Mihailo Bjelic from Polygon explains

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With the transition to a scalable, energy-light proof-of-stake blockchain at play for Ethereum, many have cast doubts on the popular coin’s future, given the magnitude and complexity of the Merge upgrade. But, among prominent stakeholders, one particular project remains heavily bullish on Ethereum’s future, which is none other than layer-two scaling solution Polygon. At the annual Ethereum Community Conference in Paris, Cointelegraph’s events manager, Maria A., spoke to Polygon’s vice president of growth, Mihailo Bjelic, regarding the topic. Here’s what Bjelic had to say regarding the Merge: “This is an…

Outside Magazine Wants the Metaverse to Take a Hike

He calls it the “Outerverse”: A platform where hikers, bikers, runners, skiers – outdoor-doers the world over – can earn rewards for tracking their real-life activity atop crypto rails. Skiers, for example, could unlock chances at a heli-skiing expedition, Zoom calls with famous photographers, perhaps Warren Miller movie tickets  – definitely non-fungible tokens (NFT) – by notching days out on the snow. Original Source HikemagazineMetaverse CryptoX Portal

Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says

The offices of Chairwoman Maxine Waters (D-Calif.) and the panel’s ranking Republican, Patrick McHenry (R-N.C.), have preliminarily agreed that stablecoins should be directly reinforced with assets such as cash and U.S. Treasury bonds that won’t be vulnerable in a panic, said the person, who requested anonymity because the legislation hasn’t yet been released to the public. The firms issuing them would also have to maintain capital, liquidity and open themselves to agency supervision, the person said. Source

Mojang Studios bans Minecraft NFT integrations

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On Wednesday, Minecraft’s developer Mojang Studios said that it would be excluding the integration of nonfungible tokens, or NFTs, alongside blockchain technology as a whole, in its popular namesake game. In explaining the decision, Mojang wrote: “Like any digital file, NFTs can be copied, moved, or even deleted. Additionally, NFTs and blockchain have also been associated with price speculation. These uses of NFTs and other blockchain technologies create digital ownership based on scarcity and exclusion, which does not align with Minecraft’s values of creative inclusion and playing together.” As told…

Vitalik Drinks Hot Water in Heatwave and Other Observations From Paris Ethereum Conference

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Tesla sold 75% of Bitcoin holdings in Q2

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Electric vehicle maker Tesla sold most of its Bitcoin (BTC) holdings in the second quarter, according to new financial disclosures released on Wednesday. “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency,” Tesla said in its quarterly report. “Conversions in Q2 added $936M of cash to our balance sheet.” According to the financial statements, Tesla’s net Bitcoin holdings were relatively stable for three consecutive quarters. By the end of March, Tesla had $1.261 billion worth of digital assets on its books.…

How the Texas power grid is interfering with bitcoin mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Texas #Bitcoin #crypto Argo Blockchain CEO Peter Wall joins Yahoo Finance Live to talk about how Texas power grid disruptions are impacting the bitcoin mining ecosystem and where the most active cryptocurrency mining operations are located. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your…