Nigeria’s central bank digital currency (CBDC), the eNaira, has been used to carry out transactions worth 4 billion naira ($9.3 million) since its introduction in October 2021, the governor of its central bank has said. Source
The music industry continues to find inventive ways to integrate decentralized technology into new releases to benefit both artists and their fans.ย Electronic dance music (EDM) artist R3HAB and blockchain-based music community anotherblock released a single on Aug. 19 with the idea of โdemocratizing music rights.โ The nonfungible token (NFT)ย included in the drop allows holders to earn royalties based on streaming popularity. The single, โWeekend on a Tuesday,โ debuted bundled with an exclusive NFT. Each of the 250 NFTs available entitles the holder to a 0.02% share in the streaming…
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Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks NFTs, who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situation could lead up to the NFT sector’s first massive liquidation event. gm. As a result of the floor dropping to 72, the first BAYC liquidation auction on BendDAO has begun Starting price of 68.4e… Any takers or is this going to be the first bad-debt domino that falls for the platform? pic.twitter.com/7qxsIi661e โ Cirrus (@CirrusNFT) August 18, 2022…
The pressure on crypto is growing swiftly in the Philippines. After a recent series of controversial moves from the state regulators and local think tanks, the countryโs central bank published a warning to the citizens, discouraging them from engaging in any operations with unregistered or foreign crypto exchanges. The announcement itself doesnโt sound menacing but taken in the context of accompanying developments, it makes a 112-million nation a restive region for crypto.ย On Aug.17, The Bangko Sentral ng Pilipinas (BSP) published a warning note to the countryโs citizens, โstrongly urgingโ…
The 2022 MTV Video Music Awards (VMAs) added a new category to its list of competition categories. This year, artists are eligible to compete under the category of โBest Metaverse Performanceโ for a coveted award. Initially, the award show began in 1984 as an esteemed recognition for music video prowess. Major music artists, including Madonna, Nirvana and Kanye West, are among previous VMA recipients. Typical award categories include, โVideo of the Year,โ โArtist of the Yearโ and โSong of the Year,โ though this year, there is a Web3 twist. The…
Qatarโs recently released โNational Blockchain Blueprintโ has suggested that the technology, combined with a โsolid regulatory framework,โ can help the country build an innovative information technology (IT) sector. However, for this to happen, Qatar must implement recommendations laid out in the blueprint. Qatar Said to Be Well Placed to Become Blockchain Hub A blueprint jointly drafted by Qatarโs Communications Regulatory Authority (CRA) and two learning institutions, Hamad Bin Khalifa University and Qatar University, seeks to spotlight how blockchain โcan contribute to building an innovative and growing IT sectorโ in the…
One of the most substantial value propositions of Bitcoin (BTC) is that no one can create more of it apart from its fixed supply. However, an executive from a crypto exchange made a bold claim that some exchanges can create and sell BTC that’s only in their system, not on the blockchain, to manipulate the market.ย In an interview with Cointelegraph, Serhii Zhdanov, the CEO of crypto exchange Exmo, shared his beliefs that market manipulation is still prevalent in the digital asset space and gave an example of how it…
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Blockdata used the size of the funding rounds as a proxy for total investment, saying it is not possible to determine the amount contributed by each participant in a round. Samsung (005930) was the most active, investing in some 13 companies. Google parent company Alphabet (GOOGL) participated in four funding rounds that raised $1.5 billion for blockchain and crypto-related companies, the largest value. Source