Day: March 2, 2023

7 crypto leaders discuss ways to combat the stigma surrounding NFTs

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There’s widespread public confusion around much of what the crypto industry does and is hoping to achieve, but it’s likely there’s no facet of the space that has attracted as much negative attention as nonfungible tokens. From environmental concerns about the tokens’ carbon footprint to the “you don’t really own anything” disdain of so-called “right clickers,” the NFT truly seems to be a love-it-or-hate-it product.  Convincing the doubters that NFTs are more than just status symbols or high-risk, high-adrenaline investments will take a blend of education and a commitment to…

Silvergate Stock Tumbles 45% After ‘Going Concern’ Filing

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Flare gets NFT platform to increase use cases for interoperability protocols

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Flare, the layer-1 Ethereum Virtual Machine (EVM) blockchain, went live on Jan. 10 after it launched two core protocols for decentralized interoperability applications. The blockchain network allows developers to create applications that are interoperable between various blockchain ecosystems and internet platforms. Less than one month later, on March 2, Flare welcomed the nonfungible token (NFT) platform Sparkles on its layer 1 oracle network. According to the announcement a primary goal of the Sparkles NFT platform is to hone in on the interoperability of native Flare protocols to increase use cases…

Xapo Bank enables faster Bitcoin payments with Lightning Network

Xapo Bank, an international private bank headquartered in Gibraltar, integrates the Lightning Network to improve its Bitcoin (BTC) capabilities. On March 2, Xapo officially announced a partnership with the Lightning Network infrastructure platform Lightspark, which allowed the firm to implement Lightning on its platform. The integration enables faster and cheaper transactions on Xapo, reducing blockchain confirmation waiting times and transaction fees on the original Bitcoin network. According to the firm, Xapo Bank members will now be able to instantly pay for small purchases of up to $100 at any vendor accepting…

How to set and achieve your financial goals

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Before setting a financial goal, it’s important to have a clear understanding of your current financial situation, including income, debt, expenses and assets. Once you have a clear understanding of your current financial situation, you can start setting financial goals that align with your values and priorities. Here are six steps to set and achieve your financial goals. Define your financial goals Set both short- and long-term financial goals as your first step. Your objectives should be specific, measurable, achievable, relevant and time-bound (SMART). One’s short-term objectives might be, for instance,…

GameFi analytics help blockchain gamers sift through crypto games

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From the massive fall of Bitcoin’s (BTC) price to the collapse of crypto exchange FTX, 2022 was full of upheaval for the blockchain industry. But the blockchain community has always been resilient, finding new ways to develop in the most challenging times. A striking example of optimism and growth is the development of the GameFi industry, which combines gaming, decentralized finance (DeFi), nonfungible tokens (NFTs) and the metaverse. In 2021, GameFi became a growth leader in the crypto space, with successful projects like Gala Games, Decentraland, The Sandbox and Axie…

Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain – Finance Bitcoin News

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A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored the advantages of using a digital form of the document and pointed out that demand for yuan payments is growing. MKB Employs Bank of Russia’s Masterchain to Issue Bank Guarantee in Yuan Moscow Credit Bank (MKB) has issued what it described as Russia’s first digital bank guarantee for an amount exceeding 100 million Chinese yuan, using blockchain technology — the Masterchain platform developed by the Central Bank of Russia. In…