Day: September 12, 2022

Top 3 Reasons Why Cradles Will Make You Want To Try The Metaverse

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The metaverse is fast becoming a household name. The innovation behind virtual reality has been around for a while and is only now starting to gain ground. Most of the current success of the metaverse can be attributed to the growth of gaming in the space that has seen players earn while enjoying this blossoming virtual reality. However, as more projects come out, it has begun to be a repeat of the same thing, with users in the space becoming bored with repetitive titles showing little creativity. Primarily, there have…

NEAR Blockchain Moves Ahead with Phase One of Sharding Upgrade

NEAR, which launched in 2019 with then-unrealized plans to boost transaction speeds by splitting its network into parallel processors (so-called sharding), kicked off Phase 1 or its “Nightshade” playbook facilitated by NEAR contributor Pagoda. This phase sees the introduction of specialist “chunk-only validators” that feed into the sharding mechanism but are easier to set up than full nodes. Source link

NEAR Protocol Forms Working Group to Promote DeFi Governance

“I’m usually thinking in blockchain terms, so it’s more of a protocol of how people interact and make decisions. And then we codify some of it in smart contracts, part of it will be codified in the constitution, part of it will be codified in the processes built around it,” Polosukhin said, referring to the computer programs that automatically execute transactions when preset conditions are met. Source

Gaming Giant Square Enix Joins Oasys in Developing Blockchain Games

On September 12, Square Enix, a Japanese game development company, announced that it has joined the blockchain game startup Oasys to jointly explore the feasibility of using user contributions to develop new games on the Oasys blockchain. Square Enix will be the last major game publisher to join the Oasys blockchain, focusing on creating better experiences and shaping blockchain gaming. Square Enix, a global entertainment company, has released more than 173 million Final Fantasy games. Square Enix announced in its first-quarter earnings report this year that it plans to launch…

Central Bank of China Calls for Increasing Use of Digital Yuan – Finance Bitcoin News

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The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers. China’s Central Bank Insists on Expanding Digital Yuan Environment The monetary policy regulator of China has called for improving the integration between the digital yuan (e-CNY) system and traditional tools for electronic payments. The People’s Bank of China (PBOC) says this will increase convenience for users of its central…

Norwegian central bank uses Ethereum to build national digital currency

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The central bank of Norway has hit a major milestone in digital currency efforts, releasing the open source code for the country’s central bank digital currency (CBDC) sandbox. Available on GitHub, the sandbox is designed to offer an interface for interacting with the test network, enabling functions like minting, burning and transferring ERC-20 tokens, the Norges Bank’s official CBDC partner Nahmii said in a blog post. Nahmii stressed that the current version of the code does not support the major Ethereum wallet MetaMask by design and is only privately accessible…

This Bitcoin Mining Capsule Can Make You $124,000 A Month

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Indian authorities unfreeze millions in locked WazirX bank accounts

The Enforcement Directorate of India (ED) unfroze the bank accounts of the Indian crypto exchange WazirX, according to a statement from the exchange released on Sept. 12. WazirX says it has been cooperating with local authorities during their anti-money laundering (AML) investigation by providing all of the necessary documents and details requested. The investigation targeted 16 fintech companies and instant loan apps, some of which solicited services from the exchange. The exchange, however, said it has a no-tolerance stance towards any illegal activities on the platform. Additionally, it said that…