Month: July 2022

Morgan Stanley encourages investors to buy battered El Salvador Eurobonds

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The Bitcoin (BTC) bet has somewhat backfired for the small nation as the top cryptocurrency trade at a 70% discount from its top. At a time when the Latin American nation is struggling with its debt, Morgan Stanley has given a buy call for the battered Eurobonds. Simon Waever, the global head of emerging-market sovereign credit strategy at Morgan Stanley, told investors in a Tuesday note that El Salvador’s bonds are overly punished by the market conditions despite the country having better financial metrics than many of its peers, reported…

Human protocol introduces new blockchain coordination layer for data contribution

On Thursday, decentralized infrastructure project Human Protocol said it was launching a new blockchain coordination layer to handle routing functionality among third-party vendors to power data contribution on the network. The feature, known as Routing Protocol, sits atop Human to enable the discovery of network generators, fee agreements, consensus job standards, proof of balance, and governance support for network upgrades. The Human protocol started via an on-chain bot blocker called hCaptcha that would reward users for solving CAPTCHAs and gradually became a broader solution for tokenizing contribution. Human expects the…

Human protocol introduces blockchain coordination layer for data contribution

On Thursday, decentralized infrastructure project Human Protocol said it was launching a new blockchain coordination layer to handle routing functionality among third-party vendors to power data contribution on the network. The feature, known as Routing Protocol, sits atop Human to enable the discovery of network generators, fee agreements, consensus job standards, proof of balance, and governance support for network upgrades. The Human protocol started via an on-chain bot blocker called hCaptcha that would reward users for solving CAPTCHAs and gradually became a broader solution for tokenizing contribution. Human expects the…

Retrenched staff ponder future in the job market

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Bleak market prospects continue to afflict the cryptocurrency ecosystem as prominent firms face the tough reality of reducing their workforce to ensure their long-term viability.  Nonfungible token (NFT) marketplace OpenSea has established itself as an industry leader in its category. Still, its own success has not been enough to weather the potential length of the so-called crypto-winter. The company announced that it would reduce its employee numbers by 20% in July to ensure the long-term viability of the business. OpenSea co-founder Devin Finzer shared a Slack message sent to the company…

The Sudden Rise of EVM-Compatible ZK Rollups

In his 2021 rollup primer, Buterin wrote, “In general, my own view is that in the short term, Optimistic rollups are likely to win out for general-purpose EVM computation and ZK rollups are likely to win out for simple payments, exchange and other application-specific use cases, but in the medium to long term ZK rollups will win out in all use cases as ZK-SNARK technology improves.” Source

Nigeria Leads Africa in Regulating Digital Asset Space — Securities Regulator – Regulation Bitcoin News

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Nigeria has taken the lead in regulating digital assets in Africa, and is one of the countries looking keenly into governing the digital asset space, an executive director with the country’s securities regulator has said. The director also made clarifications on the different regulatory roles played by the central bank and the Nigerian Securities and Exchange Commission (SEC). Protecting Investors According to the executive director of Nigeria’s securities regulator, Dayo Obisan, his country is “leading in Africa in terms of making the rules and regulating into the digital asset space.”…

Thailand-Focused Crypto Exchange Zipmex Suspends Withdrawals

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Singapore-based cryptocurrency exchange, Zipmex suspended withdrawals from its platforms on Wednesday, citing a “combination of circumstances” that were beyond its control. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. In a Tweet by the crypto exchange, it highlighted volatile market conditions and the “resulting financial difficulties of our key business partners” that have pushed it to take such drastic action. Though the exchange did not provide further details about the move, it…

The Most Dedicated CEO in South Korea, Leads Wemade to New Heights

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Wemade (a pioneer South Korean game developer and publisher) announced on July 12th that its CEO Henry Chang exercised his stock options and bought 223,504 shares for an astonishing USD 2.67 million (KRW 3,5 billion) and did not sell a single share. As a result, Mr. Chang’s stake in Wemade reached 1.5%. Wemade shifted its focus towards metaverse and blockchain technology with an emphasis on developing and servicing well-made games with economically meaningful experiences. As a result, Wemade developed “Wemix”, a game-centric blockchain platform (with 14 Play & Earn titles),…