Day: February 1, 2023

9-year-old Henry takes BTC to the classroom

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A nine-year-old boy’s efforts show that Bitcoin (BTC) is for everyone and Bitcoin education is for all ages. Henry, who lives in the U.K., gave a talk on Bitcoin to his classmates in an engaging and funny presentation. Cointelegraph spoke to Henry’s mother, an author and Bitcoin advocate who goes by Decentrasuze on social media, to find out more. My son orange pilling Year 5! Teacher feedback: ‘It was very informative, engaging and he really knew his subject knowledge well.’#Bitcoin  #Education #Environment pic.twitter.com/EVfWEejfVE — Decentra Suze (@DecentraSuze) January 31, 2023…

NFT Fantasy Game Sorare Partners With Premier League for Multi-Year Licensing Deal – News Bitcoin News

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Sorare, a Paris-based NFT (non-fungible token) fantasy game startup, has closed a deal with the Premier League, the first soccer division in the U.K., to make teams and players of the league part of its roster. According to reports, the multi-year agreement involves payments of tens of millions of pounds per year to the league. Sorare Includes Premier League in Its Platform Sorare, a Paris-based fantasy NFT game startup, has closed a deal with the soccer Premier League of the U.K. to use its likenesses as part of its gaming…

What Is the Ethereum Blockchain’s Shanghai Hard Fork, and Why Does It Matter?

But in addition to accessing locked up funds, the PoS blockchain has not been fully featured ever since it went live. Even though the blockchain functions properly today, stakers have had to commit to keeping their funds locked in order to keep Ethereum running. Now with the mechanism that will unlock staked ETH, the full operation of a proof-of-stake blockchain will come to life, meaning that stakers can finally have control over their funds and decide what they want to do with their rewards. Source

Binance delves into decentralized Web3 storage with BNB Greenfield

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BNB Chain, a blockchain platform launched by crypto exchange Binance, revealed interest in building a blockchain-based Web3 infrastructure in its new BNB Greenfield white paper. The white paper explains it as a decentralized storage infrastructure within BNB Chain, which allows users and decentralized applications (DApps) full ownership of the data. Potential use cases include website hosting, personal cloud and data storage, publishing and more The testnet of the proposed Web3 infrastructure — built by the BNB Chain core team — is supported by community developer teams from Amazon Web Services,…

UK Plans to Mandate New Authorization for All Crypto Firms – Including Those Registered

The new regime has a broad scope in terms of geography, crypto types, and activities. Foreign trading venues could be forced to set up a subsidiary in the country given their “critical role in the crypto asset value chain,” the document said. It would also apply to utility tokens and non-fungible tokens (NFTs) if they are being used for financial services such as lending, payments or investment. Source

Blockchain IM apps to see over half-billion dollar valuation by 2030

Blockchain use cases continue to surface as the technology becomes more accessible. In the case of already-known use cases, such as blockchain-based messaging applications, mass adoption is on the horizon. According to a new report from Grand View Research, the global blockchain messaging application market size is forecasted to hit a valuation of $536.5 million by 2030. The report, released on Feb 1. highlights this as a 43.6% compound annual growth rate in the 7-year timespan. In 2021, the market valuation for blockchain messaging applications was around $22.2 million. At…

Blockchain IM apps to reach over half-billion dollar valuation by 2030

Blockchain use cases continue to surface as the technology becomes more accessible, with some use cases, such as blockchain-based messaging applications, on the cusp of mass adoption. According to a new report from Grand View Research, the global blockchain messaging application market size is forecasted to hit a valuation of $536.5 million by 2030. The report, released on Feb 1. highlights this as a 43.6% compound annual growth rate in the seven-year timespan. In 2021, the market valuation for blockchain messaging applications was around $22.2 million. At that time, North…

India Maintains Position on Crypto Tax in Budget

There are fears that India may use its position as president of the G-20 in its fight against the cryptocurrency industry. World’s largest democracy, India, has maintained its crypto tax rules in its latest budget. Last April, the Indian government announced a 30% tax on crypto gains. It also imposed a 1% tax deducted at source (TDS) on all crypto-asset transactions. It didn’t take long before the law set the crypto industry back. There were expectations that the government may announce tax cuts during the 2023 budget announcement. However, nothing…

Troubled Crypto Exchange Bitzlato Seeks to Make Comeback

The co-founder of Bitzlato stated that they will allow 50% of user funds in Bitcoin held in Bitzlato wallets to be withdrawn on the same day we launch. As per the latest development, the defunct crypto exchange Bitzlato is looking to make a comeback once again in the market. The Hong Kong-based crypto change Bitzlato has been charged with money laundering and got its servers seized in a major international operation earlier this month. In a recent interview, the Bitzlato co-founder said that the company is planning to resume operations…