Day: July 21, 2022

Crypto.com rolls out Google Pay integration as Big Tech continues to embrace crypto

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Global cryptocurrency wallet and exchange platform Crypto.com added Google Pay as a payment option for Android users to buy cryptocurrencies on July 21. Google Pay is estimated to have over 100 million users that could make use of the latest payment gateway to cryptocurrency markets. Users that have set up their Google Pay accounts to be linked with a credit or debit card will be able to choose the payment option when on the Crypto.com app. The exchange lists over 250 cryptocurrencies accessible to some 50 million users it serves around…

Web3 platforms launch the Open Metaverse Alliance

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Blockchain-based metaverse and Web3 platforms have decided to form an Open Metaverse Alliance for Web3 (OMA3) to overcome the interoperability challenges of the industry. Four core principles of the Alliance are said to be transparency, inclusiveness, decentralization and democratization.  The joint organization was established by Alien Worlds, Animoca Brands, Dapper Labs, Space, Superworld, The Sandbox (SAND), Upland and Voxels. As the official announcement specifies, the means to overcome interoperability challenges would be focused on proposing standards and facilitating collaboration between various stakeholders of Web3 and other industries. OMA3 will be established…

Bitcoin Non-Profit ₿trust Launches Africa Open Source Cohort; Names First Developer

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Since ₿trust first received its funding, many key developments have quietly taken place since. It set up its board of directors and established a set of principles; however, it is still in the process of finalizing its organizational structure. Once that step is complete, additional developers will be recruited. Eventually, lessons learned in Africa will be used to improve expansion efforts in other regions of the global south. Nwosu, calls this, “responsibly scaling” – developing a replicable cohort model and minimizing the disruption caused by new and inexperienced developers as…

FTX CEO and Solana co-founder offer advice for building Web3 ecosystems

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The blockchain ecosystem is constantly evolving, yet there always seems to be one overarching sector dominating at a given time. For example, decentralized finance (DeFi) projects received an impressive amount of venture capital funding in 2021, making it the most invested sector last year. Findings further show that nonfungible tokens (NFTs) were the second most invested sector, while Web3 and infrastructure ranked third.  Now, Web3 is proving to be the most sought-after investment sector in the blockchain industry. New findings from Cointelegraph Research confirm this, showing that Web3 captured around…

Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital Currency – Regulation Bitcoin News

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India’s central bank, the Reserve Bank of India (RBI), is working on a “phased implementation of a central bank digital currency (CBDC) in both wholesale and retail segments.” Necessary amendments have been made to the RBI Act, 1934 to allow the central bank to pilot and issue a digital currency. India’s Central Bank Digital Currency to Be Implemented in Phases A Reserve Bank of India (RBI) official and the minister of state in the Ministry of Finance have independently provided an update on the central bank’s progress in issuing a…

Cristobal Balenciaga NFT To the Moon drop inspired by founder’s original designs is live

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Lorenzo Riva, the artist director of the luxury fashion brand Balenciaga during the 1980s, launched a much anticipated Cristóbal Balenciaga: To the Moon nonfungible token (NFT) collection on Thursday in collaboration with Cointelegraph. The NFT collection comprises 8,300 original, never-before-seen designs from Cristóbal Balenciaga, himself. Cristóbal had humble beginnings as a local tailor’s apprentice and eventually rose to prominence in the fashion industry as a pioneer of novel garment shapes. These fashions, such as the sack dress and the cocoon coat, changed the course of women’s fashion in the 1950s. Lorenzo Riva…

Solana and Ethereum smart contract audits, explained

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As you might expect, this depends on how complex a smart contract is. According to Hacken, this can extend to $500,000 for larger projects where there are more lines of code — not least because of the additional engineering hours it’ll take. The company argues these costs pale into comparison with the economic damage that a smart contract vulnerability can bring. Hacken cites data showing that, in 2021, 80% of the incidents affecting decentralized applications related to smart contracts — with losses hitting $6.9 billion. Breaking this down even further,…

Big move for bitcoin in 3 hours! I called for this pump days ago!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In previous videos I told you to expect bitcoin to pump and the DXY to start dropping as it was temporarily topped out for a drop. I made it very clear that bitcoin was setting up for a bear trap, and the price of bitcoin would start pumping. I was the one of the few that was bullish on bitcoin and called for this pump. I gave you exact entry points to buy or long btc. While yes I am still bearish…

The Case for Investing in Bitcoin During Crypto Winter

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We can send bitcoin electronically in unlimited amounts, unlike the case with gold. We can easily divide it up into small increments, unlike a gold bar. While bitcoin is still nascent and not immune to cyberthreats, it can be held securely in an encrypted digital wallet as opposed to gold bars that are difficult to safeguard. And, unlike gold, bitcoin can be exchanged without banking and governmental intermediaries that directly monitor payments. Original