Month: July 2022

Shanghai included blockchain, NFTs and Web3 in its 5-year plan

China’s biggest city Shanghai officially intends to boost the development of innovations such as blockchain, nonfungible tokens (NFTs), metaverse and Web3 in general during its next five-year plan.  On July 13, Shanghai’s Municipal Government published the draft of its “14th Five-Year Plan for the Development of Shanghai’s Digital Economy”. A document sets the mission of “promoting the deep integration of digital technology and the real economy,” with “scientists judging technology prospects” and “entrepreneurs discovering market demand”. The plan suggests supporting the enterprises that plan to construct the NFT trading platforms…

Ukraine Is Getting Aid From This DeFi Project

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Blockchain networks are decentralized, meaning that they can be used to make payments without centralized authorities deciding which transactions are allowed. While some argue that such systems can enable fraudulent transactions, blockchain networks use advanced mathematical technologies called consensus mechanisms to prevent this. Thus, blockchains can be used by peers to transact without fear of fraud or censorship. In turn, cryptocurrency enables individuals to easily support the causes that they believe in, even when reaching affected groups through traditional means may be difficult. While discussing this aspect of cryptocurrency, the…

Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks – Finance Bitcoin News

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A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries and banks. Russian Developers Create SWIFT Substitute Using Blockchain Experts from the Competence Center of the National Technology Initiative at the St Petersburg State University in Russia announced they are preparing to trial a new interbank payment system, an alternative to SWIFT. The latter is now inaccessible for major…

What’s in Your Bear Market Backpack?

“There’s this tiny world that existed in like 2014 to 2015 of people where it was a bear market, no one cared, and there was no money. We all just hung out. It was super fun. Honestly, you can see from his tweeting that Vitalik, just the minute the bear market starts again, he’s happier,” Manian said. Source

Ethereum "No Man's Land" When Reversal?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hi, in this video, we are talking about Ethereum and how we are looking for a bootom when it comes to the price action! Ethereum has been dumping recently! We are hoping for a potential reversal soon! #Ethereum #ETH #dWeb Join our Discord 👉 Join us in our Telegram channel 👉 🚀Subscribe to dWeb Guide🚀 Check Out Our Website! 👉 BlockFi up to $250 for 1st time users signing up 👉 Binance up to $100 for 1st time users signing up 👉…

MoonPay to make Web3 payments with Unstoppable Domains partnership

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Unstoppable Domains has partnered with crypto payment firm MoonPay to incorporate nonfungible token (NFT) domains in transactions within the platform. With the collaboration, MoonPay users can send and receive digital assets using their domain names, eliminating the need to enter long and complicated wallet addresses.  In an announcement sent to Cointelegraph, Ivan Soto-Wright, the co-founder and CEO of MoonPay, said that the partnership would make it easier for people to come into the Web3 world. According to Soto-Wright, while MoonPay deals with the front-end, Unstoppable Domains enhances the tail-end of…

Solving the Complexities of Crypto Tax & Accounting With the Experts at Ledgible – Sponsored Bitcoin News

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sponsored As crypto matures and continues along its path of inevitable adoption, so too does the importance placed on adequately accounting for crypto as an asset class and a source of income. Cryptocurrencies at their core were not designed to fit into traditional financial systems, after all, that’s where some of their primary benefits over fiat and banking systems are found. For crypto natives, trying to fit the square peg of crypto into the round hole of traditional finance is done begrudgingly, often come tax time – or in the…

Inflation Likely to Climb to New 40-Year High

The U.S. Labor Department will release the widely-tracked consumer price index (CPI) measuring the cost of living in the world’s largest economy on Wednesday at 12:30 UTC. Core inflation, which strips out the volatile food and energy component, is expected to be 0.6% month-on-month, or 5.8% for the year. Source

Loopring Wobbles In Last 2 Months

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The Loopring (LRC) price has entered a symmetrical triangle pattern on the daily chart in the face of continuous bearish pressure. This indicates that the bulls are retreating, so LRC must attract buyers to achieve a successful breakout. However, a bearish breakthrough is anticipated, and the token price may fall below the important support at $0.30. Loopring is trading at $0.37 as of this writing, a decrease of 4% over the last seven days, according to statistics provided by Coingecko on Wednesday. The whole crypto market began the year on a positive…