Month: August 2022

Polkadot Parachain Moonbeam Integrates Cross-Chain Messaging Protocol LayerZero

Moonbeam, a layer 1 protocol with 9.6 million lifetime transactions according to Etherscan, already uses the Polkadot ecosystem’s internal messaging service, XCM. Derek Yoo, CEO of Moonbeam parent company Purestake, told CoinDesk that its integration of LayerZero, which raised $6 million in a Series A round in September, will offer a broader messaging service across various chains such as Ethereum, BNB Chain, Polygon and others. Yoo said this will encourage builders to deploy their applications on Moonbeam. Source

South African rugby icon Siya Kolisi headlines new crypto advertising campaign

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National rugby captain Siya Kolisi will spearhead a two-year educational cryptocurrency advertising campaign in South Africa. The Springbok skipper has partnered with global cryptocurrency exchange Luno in the campaign’s rollout, which will feature a series of television adverts promoting a long-term investment attitude towards cryptocurrencies. Kolisi was front and center of the first advert of the new campaign, which was aired during the Springboks’ third match of the Rugby Championship against Australia on Aug. 27. The light-hearted commercial features the brawny flank being put through his paces by a personal…

Why It Can Feel Good to Be Bad in the Metaverse

It’s worth remembering that not all online environments operate under the same moral framework, and the terms “good” and “bad” are highly contextual. As the concept of “the metaverse” continues to evolve beyond virtual reality gaming, and as digital communities begin to form, we need to be mindful of the difference between actual Web3 games versus “gamified” social forums, and agree on what types of behavior each should allow. Original Source BadFeelGoodMetaverse CryptoX Portal

What the Taliban crackdown means for crypto’s future in Afghanistan

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With the rise of the Taliban last year in August, Afghanistan faced global sanctions that led to many international organizations and money transaction services halting operations in the country. This made room for digital currencies and stablecoins to be widely used, at least to send or receive remittances. However, the Taliban government has recently banned cryptocurrencies and arrested 16 local exchangers in the Northwestern city of Herat in the past week, according to the provincial news website ATN-News. According to the report, the exchanges were initially given a grace period…

Diving Deep into DeFi to Navigate the New Wave of Finance

Exchanges is the largest industry group under DeFi, with 33 assets and $12.1 billion in market capitalization. Within Exchanges, UNI, RUNE, CRV, CAKE and 1INCH are ranked in the sector top 10 by market capitalization. DAO is the second-largest industry group under DeFi with 16 assets and with $3.3 billion in market capitalization. Three out of the sector’s top 10 assets belong to the DAO industry group, with MKR as the largest followed by CRV and LDO. Credit Platform has 17 assets totaling $3.2 billion in market capitalization, with AAVE…

BITCOIN: SOMETHING HUGE IS COMING!!!!! NOBODY'S SEEING THIS!! BTC + Crypto Price Prediction Analysis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This Bitcoin and Cryptocurrency trading analysis applies to various exchanges, including Bybit and Binance. Tackling questions like if Bitcoin can reach all time highs again or how low BTC will crash. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space. This description contains paid sponsors and affiliate links.…

Bitcoin drops below $20,000 to lowest level since mid-July as investors dump risk assets

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Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Bitcoin dropped below $20,000 on Monday as investors dumped risk assets after the Federal Reserve affirmed its commitment to an aggressive tightening path. The world’s largest digital currency tumbled 5% from Friday’s close to hit a low of $19,526 overnight, a level unseen since July 13, according to Coin Metrics data. Other major digital tokens also sold off, with ether falling to…

Bitcoin Cash Loses 10% In Last 24 Hours, Despite 40% Hike In Trading Volume

Bitcoin Cash had shed 24% of its value in the previous 12 days. Leading coins like Bitcoin (BTC) and Ethereum (ETH) have also experienced double-digit losses over the past 26 days as a result of the broader market slump.         BCH support present at $113.2         Bitcoin Cash key resistance spotted at $117.44         BCH price currently trades at $115.65 Bitcoin Cash has already shed 10% of its value in the last 24 hours. This, despite enjoying 40% increase In trading…

Argentinian Province Mendoza Starts Accepting Tax Payments in Crypto – News Bitcoin News

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Mendoza, an Argentinian province, has implemented a system that allows taxpayers to pay their taxes fully with cryptocurrencies. The system, which was launched this week, is part of a strategic push for the modernization and digitalization of payments carried by the tax authority of Mendoza and uses the services of a third party to process the transactions. Mendoza Goes Crypto for Tax Payments More and more governments are including cryptocurrencies as a way of paying state-related obligations due to their recent popularity. Mendoza, a province of Argentina, is…

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