Similarly, DAO communities can also be said to scale horizontally as its membership grows. The larger the community, the more decentralized its decision making. In a sense, this natural state of growth means DAO members have the responsibility to market the DAO and grow its membership. At scale, this is a powerful force leading to even faster ecosystem growth. Source BuildCommunityDAOWeb3 CryptoX Portal
Day: February 24, 2023
Bitcoin Price Falls Back Towards Week's Low on Inflation Worry
The PCE price index – the Fed’s favored inflation indicator – for January unexpectedly rose to 5.4% Source
Electronic Arts Founder Trip Hawkins Joins Web3 Gaming Startup
“I’m excited to begin my journey with Games for a living, leveraging new and emerging technologies to enhance performance and create exciting, immersive experiences for gamers,” Hawkins said in a press release. Hawkins added that he expects blockchains to be used more by content creators and that the company plans “to do it in a way that helps enhance game performance and value for players while keeping things fun.” Source
Global Crypto Regulation Progresses Whilst US Remain Stringent – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). As Bitcoin consolidates around $24,000, there have been progressive advancements with crypto regulation globally. Firstly, global payments giant Ingenico, who has 40 million terminals in 37 countries, now accepts crypto payments in France as it integrates a digital asset platform. Furthermore, private Bitcoin wallets will not be banned by the EU’s new anti-money laundering bill, so people will be allowed to legally participate in self-custody in the EU – a big win for crypto enthusiasts and digital asset platforms…
Cointelegraph 2023 Top 100 finale: First place goes to…
Who takes the cake as the prime mover of the crypto and blockchain sector for 2023? The answer is more of a “what” than a “who.” Good Ol‘ Bitcoin, the industry’s pioneer cryptocurrency, sits atop the list as the most impactful player in the space on the Cointelegraph Top 100. Bitcoin (BTC) was created following the 2008 global financial crisis with the goal of doing things differently — in a decentralized fashion requiring less trust than traditional finance. But the cycle has made a full circle, and global financial trouble…
ECB Says Digital Euro Should Focus on Online Payments First & Onboard Other DeFi Functionality Later
Although yet to decide on a digital euro, the ECB already believes the CBDC should prioritize online payments and peer-to-peer transactions. According to the European Central Bank (ECB), the upcoming digital euro should prioritize online and peer-to-peer payments. In a recent online publication, the Eurosystem banking entity explained that other possible uses of the digital euro should play second fiddle to efficient support for online transactions. Secondary roles of the central bank digital currency (CBDC) may include tax payments, welfare payment receipts, and transactional payments. Titled the “Rollout Approach for the…
Crypto and blockchain education becomes priority at top universities
In a world where cryptocurrencies and blockchain technology make direct peer-to-peer transactions possible and transcend traditional financial norms, more people want to learn about them to keep up with the times. Universities worldwide are beginning to offer cryptocurrency-related courses to cater to this new paradigm. Due to rising demand, many of the world’s top universities offer crypto-related courses. There’s been a lot of hype regarding cryptocurrencies — mainly due to their disruptive potential — and the rise of crypto education has strongly coincided with this. According to a 2022 survey…
Coinbase Ready to Fight SEC over Crypto Staking Service [ Crypto Espresso 2.14.23 ]
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io For more information about crypto and today’s stories, just Ask Alex: CoinMarketCap … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
BNB Chain’s Second-Largest DeFi Protocol Venus to Accept Floki Tokens as Lending Collateral
Lending protocol Venus has a total locked value of $800 billion as of Friday. The move is expected to benefit FLOKI holders, developers say, as they continue to build and seek out strategic partnerships that ultimately benefit the token’s value. Source
FATF Agrees on Action Plan to Drive Implementation of Global Crypto Norms
“The plenary thus agreed on a road map to strengthen implementation of FATF standards on virtual assets and virtual asset service providers, which will include a stocktake of current levels of implementation across the global network,” the FATF said, adding that a report on its findings is due in the first half of 2024. Source