Month: April 2023

GameFi Short Video Platform Cheelee Launches CHEEL Community Drop Worth $5,000,000 – Press release Bitcoin News

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press release PRESS RELEASE. Cheelee, the GameFi short video platform well-known for rewarding users for viewing their feeds, has announced the most monumental Community Drop of 2023. Starting from April 17th, every vertical video lover now gets the chance to get on board one of the most promising projects ever launched and take home a share of a $5,000,000-worth pool of CHEEL tokens. The community drop will be run on Zealy platform, so everyone is warmly welcomed to grab a share of the loot. To succeed in Cheelee Community Drop,…

Project aims for fair governance by changing the voting system

Move-to-earn app creator Sweat Economy is set to let its users decide on how to spend almost $1 million worth of tokens earned as fees and revenue through a governance vote with a twist.  According to its announcement, the project will allow users to vote on how much of the tokens will be burned and how much will be given as a reward for users who staked their tokens. However, instead of the common mechanism that counts one token as one vote, which favors those holding more tokens, the voting…

Developers Stay Resilient Through Harsh Crypto Winter, Report Says

“It’s certainly not easy to survive a crypto bear market and the longer it goes, the more challenging it can be,” said Shah. “But what we’re noticing is most of the builders who are in the space are here for the technology, and so many people certainly look forward to a return in more top-line metrics like prices, and a lot of new projects being launched and new funding entering the space.” Source

Ethereum layer 2 bridging up sixfold year-on-year in Q1 — Alchemy

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Ethereum layer 2s, such as Optimism, Arbitrum and Polygon, increased in popularity in the first quarter of 2023, according to a report from Web3 development platform Alchemy. Ethereum users bridged over $635,000 worth of crypto assets to these networks from January to March, an increase of 44% over the fourth quarter of 2023 and 518% over the first quarter of 2022. The report, titled simply “Web3 Development Report,” cited Dune Analytics as its source for this data. It showed that users only bridged approximately $103,000 worth of assets to layer…

Devs aim for fair governance by changing the voting system

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Move-to-earn app creator Sweat Economy is set to let its users decide on how to spend almost $1 million worth of tokens earned as fees and revenue through a governance vote with a twist.  According to its announcement, the project will allow users to vote on how much of the tokens will be burned and how much will be given as a reward for users who staked their tokens. However, instead of the common mechanism that counts one token as one vote, which favors those holding more tokens, the voting…

Congressional Republicans Criticize SEC Chair Gary Gensler’s Crypto Approach Ahead of Hearing

“Crypto investors should benefit from compliance with the same laws that Rayburn and Roosevelt laid out to protect against fraud, manipulation, front-running, wash sales, and other misconduct,” Gensler said. “As Justice Thurgood Marshall put it so well, ‘Congress’s purpose in enacting the securities laws was to regulate investments, in whatever form they are made and by whatever name they are called.’” Source

African blockchain ventures outpace global funding growth: Report

The African continent continues to be a fertile ground for the growth and implementation of blockchain technology. In the African Blockchain Report 2022 by Crypto Valley VC, it was stated that blockchain deals in Africa raised a total of $474 million, resulting in a 429% increase in African blockchain venture funding. This growth in funding for African blockchain ventures surpassed the global average, which only saw a 4% increase in blockchain funding. According to the report, African blockchain funding demonstrated a growth rate that was over 12.5 times higher than…

Coinbase Eyes UK and Europe Market amid Heightened US Crypto Regulatory Scrutiny

Coinbase Global shares have gained more than 91 percent YTD to trade around $69.72 on Tuesday amid Bitcoin’s 2023 pump. Coinbase Global Inc (NASDAQ: COIN) was served a Wells notice from the US Securities and Exchange Commission (SEC) for an undefined portion of its listed digital assets, Coinbase Earn, Coinbase Prime, and Coinbase Wallet. With several other top centralized exchanges including Bittrex and Binance under the SEC’s radar, Coinbase Global has begun exploring global options, particularly in the United Kingdom and the European market. Coinbase Explore Operations Outside US According…

A Technologist’s Approach to Explaining What Crypto Fixes

From the moment Satoshi released the Bitcoin white paper, crypto evangelists have touted the immense, revolutionary potential value of the technology. Web3 was positioned as a panacea for the world’s systemic issues, with applications for everything from supply chains to identity to finance. Anything could be fixed once put on-chain. Source