Day: February 21, 2023

Cosmos Interchain Foundation allocates $40M for ecosystem development in 2023

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According to a medium post on Feb. 20, the Interchain Foundation (ICF), a non-profit organization behind the creation of the Cosmos (ATOM) interblockchain communications (IBC) ecosystem, has committed to spending approximately $40 million in 2023 to develop its core infrastructure and applications. As a part of the Interchain Stack, which is utilized by around 50 blockchains, these include the Tendermint Core (and now CometBFT), Cosmos SDK, Cosmos Hub, and the IBC protocol. “Throughout the year, we envisage engaging other teams to deliver smaller, tightly defined tasks within each area of…

Trading Platform eToro Gains New York BitLicense to Provide Crypto Services

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Mastercard to allow crypto payments in Web3 via USDC settlements

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A partnership between Web3 payment protocol Immersve and payments giant Mastercard will allow users to make crypto payments on digital, physical and the Metaverse worlds. USD Coin (USDC) tokens — a US dollar-backed stablecoin issued by Circle — will be used to settle transactions on Mastercard’s network. The Mastercard-Immersve partnership uses decentralized protocols to settle real-time cryptocurrency transactions on outlets accepting Mastercard payments online. Users will be able to use their existing Web3 wallets to make direct crypto payments without relying on a third party for collateral. Instead, Immersve will…

Institutional Crypto Firms Accumulating Large Amounts of Ethereum-Based Decentralized Exchange Token: On-Chain Data

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Two crypto firms are scooping up large amounts of one fast-rising decentralized exchange (DEX) token, according to on-chain data from the Arbitrum blockchain. According to blockchain tracker LookOnChain, crypto finance service provider Amber and crypto institutional asset manager Arca are both in the midst of accumulating GMX, the popular DEX built on Arbitrum. Says LookOnChain,  “We noticed that Amber Group and Arca are accumulating GMX. Amber Group received 122,144 GMX ($9.8M currently) from Binance and Arca bought 66,448 GMX ($4.4M currently) from [a] DEX. Amber Group received 122,144 GMX ($7.56M…

Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis – Bitcoin News

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According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto investors lost money from August 2015 to the end of 2022. BIS Report Shows Majority of Retail Bitcoin Investors Lost Money Over the Last Seven Years After publishing recommendations from economists at the Bank for…

Carbon market gets a much-needed boost from blockchain technology: Web3 exec

Automated systems and blockchain technology are being increasingly utilized to improve the efficiency and accuracy of the carbon market, a critical component in the fight against climate change.   Cointelegraph spoke to Bill Kentrup about the role of blockchain technology in digitizing verifiable data in the carbon market. Kentrup is the head of Origination and co-founder of enterprise software Allinfra Climate — a platform designed to help institutions achieve their sustainability goals. According to him, on-chain monitoring, reporting, verification, issuance, allocation, and retirement of carbon credits and carbon claims, could bring…