Day: October 21, 2022

Hardliners Stymie Online Identity Innovation

One idea: A regulated financial institution could confirm with mathematical proof that the holder of an address sending or receiving cryptocurrency had at some point been verified by a trusted source for KYC purposes without needing to know the address holder’s name or other identifying information. The proof would be required only at the on- and off-ramps between on-chain crypto world and the financial system – i.e., when a cryptocurrency is being exchanged for fiat currency – to keep on-chain crypto transactions frictionless. Meanwhile, we could have system-wide, on-chain data…

Avalanche (AVAX) May Be Down, But It’s Not Out, Here’s Why

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Avalanche (AVAX) has been hit pretty hard since the bear market started. The digital asset which reached an all-time high of $146 back in November of 2021 is not trading just below $15. This has led to a decline in confidence in the digital asset. However, protocols such as Avalanche have shown over time that they can sometimes be underestimated and the latest announcement from the project proves this. Avalanche Keeps Building Normally, during the bull market when there is decreased participation in the space, a lot of protocols tend…

Player Nodes in the Upland Metaverse Feature Multi-Property Takeovers – Sponsored Bitcoin News

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sponsored Online communities that develop organically are the holy-grail of Web3 projects. Not only are they an indication of the strength of a virtual platform, but represent a cornerstone in the formation of social and economic immersion. While the web3 metaverse industry still relies heavily on token-incentives for user interaction, Upland is emerging as a unique platform where players form communities in a specific (virtual) geographic location. This trend has been discussed theoretically by crypto’s modern-day political philosophers. In his 2022 groundbreaking book The Network State, Balaji Srinivasan describes the…

New York-based forex broker Oanda launches crypto trading services in US

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New York-based multi-asset trading services Oanda has launched a new cryptocurrency trading service in the United States. This latest addition, developed in partnership with regulated blockchain infrastructure provider Paxos Trust Company, is designed to give investors easy access to crypto alongside their existing forex portfolios in a secure environment.  The collaboration will enable U.S.-based investors to spot-trade cryptocurrencies on Paxos’s itBit exchange through Oanda’s mobile platform, the broker said. Investors will be able open and fund trading accounts, as well as access major cryptocurrencies such as Bitcoin (BTC) and Ether…

The Floor Price for Bored Ape’s Otherdeed NFTs Is Crashing

When BAYC creator Yuga Labs debuted its hype-laden metaverse project earlier this year, it sold land rights as NFTs for about $7,000 each (buyers paid thousands more in gas fees). Now, with much of the excitement drained from crypto markets, they’re fetching about 1.25 ETH, or roughly $1,600 at current market prices. Before today’s crash, the project had held its 1.65 ETH floor for the past three weeks amid ETH’s own bottoming out in the $1,200-to-$1,300 range. Source

In Craig Wright Verdict, Reality Prevails

Early Thursday, a Norwegian court ruled in favor of Hodlonaut, aka Magnus Granath, in connection with Craig Wright’s claims to be pseudonymous Bitcoin creator Satoshi Nakamoto. A judge ruled, in part, “that Granath had sufficient factual grounds to claim that Craig Wright is not Satoshi Nakamoto in March 2019.” Source

Observers Suspect an Aggressive Fed Rate Hike Next Month, Analyst Predicts Fed Will Pivot in December – Bitcoin News

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According to recent reports close to central bank officials, the U.S. Federal Reserve will likely deliver another interest rate hike by roughly 75 basis points (bps) next month. Moreover, markets are predicting another rise by three-quarters of a point, and CME’s Fedwatch Tool indicates there’s a near-certain (98%) chance the central bank will choose a 75bps raise. Despite the market expecting an aggressive Fed, an analyst from investors.com believes the Fed will pivot by December depending “on how financial markets act between now and then.” Philadelphia Fed President: ‘Inflation Is…

Web3 Game Solutions – The Next Gaming Trend

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Web3 gaming solutions are the recent trend in the digital space with the entry of blockchain in the digital world has been experiencing ultimate growth in recent years and in that way, with the blockchain as its backbone the web3 concept is in a full swing. Web3.0 is said to be the next internet evolution where the web will be interactive with real-life activities. The web3 platforms will be decentralized as it’s built on blockchain networks. Many applications are being developed and a few have been launched that can be…