Day: December 22, 2022

The Final Word on Decentraland’s Numbers

Metaverse platforms present a challenge of sorting bots from real people, and then even real people can be inactive or AFK, short for “away from keyboard” for hours, days, even weeks. One way to filter out bots is to filter users by those with NFTs, which also weeds out “tourists” who pop in for a quick look and leave without meaningful interaction. In addition, it can be argued that those users with NFTs matter the most, as in a Web3 metaverse like Decentraland, users with NFTs such as ones that…

BNB Chain now has more unique addresses than Ethereum, developer says

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Unique addresses on the Build and Build (BNB) Chain have now surpassed Ethereum, according to a Dec. 22 statement from the developer. BNB Chain has made significant strides in onboarding the next billion users into #Web3 in 2022. We want to thank our incredible community for coming along for the ride as we lay the groundwork for an even bigger year to come. Further details ⤵️https://t.co/9jNFdVeoZ3 pic.twitter.com/QjxL3ey759 — BNB Chain (@BNBCHAIN) December 22, 2022 The developer claims that this makes BNB Chain “the largest layer 1 blockchain in the world.”…

SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findings, US Regulator Says FTT Is a Security – Bitcoin News

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On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key findings and according to the U.S. Securities and Exchange Commission (SEC), FTX’s exchange token FTT is considered a security. SEC Complaint Says SBF ‘Directed’ and ‘Instructed’ High-up Execs Like Caroline Ellison to Commit Fraud U.S. attorney Damian Williams told the public on Wednesday that charges have been filed against Caroline Ellison, the former CEO…

Bitcoin Protocol Development Steadily Progressing Despite Only 40-60 Monthly Active Developers: NYDIG

Satoshi Nakamoto, Bitcoin’s pseudonymous founder, published his whitepaper on Oct. 31, 2008, and subsequently launched the Bitcoin network on Jan. 3, 2009. He was soon joined by five other contributors, notably, Hal Finney, a developer and cypherpunk who became the first bitcoin transaction recipient (courtesy of Satoshi), and Laszlo Hanyec, a programmer who famously paid 10,000 BTC (almost $170 million today) for two pizzas. Source

Marshall Islands legally recognizes DAOs as domestic limited liability companies

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The Republic of the Marshall Islands, an independent island state located in the Pacific Ocean near the Equator, has announced that the Decentralized Autonomous Organizations Act of 2022 has officially been passed into law. The law recognizes decentralized autonomous organizations and enables legal entities registered in the country to formally adopt DAO structures and governance tools. The government hopes the move will encourage the growth of decentralized entities and their accompanying elements within the state. According to the announcement, the DAO Act of 2022 will allow DAOs to incorporate as…

Peter Thiel-Backed Crypto Exchange Bullish Calls Off SPAC Deal

“Our quest to become a public company is taking longer than expected, but we respect the SEC’s ongoing work to lay new digital asset frameworks and clarify industry-specific disclosure and accounting complexities,” said Bullish Chairman and CEO Brendan Blumer in a statement, referring to the Securities and Exchange Commission. Source

Leading Decentralized Exchange Uniswap (UNI) Launches Payments With Credit Card and Bank Transfers

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Decentralized finance (DeFi) platform Uniswap (UNI) is announcing that users can now buy cryptocurrencies on its web app using credit or debit cards and through bank transfers. The leading decentralized cryptocurrency exchange (DEX) is rolling out support for the new payment methods in partnership with MoonPay, a fintech company that builds payment infrastructure for crypto. “Now you can go direct to DeFi with the Uniswap Web App and buy crypto on our web app using any card or bank transfer in 160+ countries with our first partner, MoonPay.” The availability…