Tag: Support

Mastercard Launches NFTs to Support Emerging Musicians Through Web3 Technologies – Blockchain Bitcoin News

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According to Mastercard, the payments giant has launched non-fungible tokens (NFTs) that grant access to the Mastercard Artist Accelerator program, designed to support emerging musicians. Developed in collaboration with Polygon, the NFT project highlights Mastercard’s intent to embrace Web3 technologies. Mastercard Launches Second NFT Offering In January, Mastercard announced its partnership with Polygon to support up-and-coming artists through the Mastercard Artist Accelerator program. During the NFT.NYC conference, the company unveiled NFTs that provide entry to this program. “Until the end of the month, music and Web3 enthusiasts can redeem Mastercard…

Binance Announces Support for ETH Staking Withdrawals

Withdrawals will go live on April 19 and stakers will be allowed to redeem their coins. Binance has revealed its plans to allow the withdrawal of staked Ether (ETH) through its exchange platform.  The exchange made the announcement following the successful completion of Ethereum’s highly-anticipated Shanghai upgrade on Thursday. According to the announcement, withdrawals will go live on April 19 and stakers will be allowed to redeem coins with their BETH holdings on a 1:1 basis. The Shanghai upgrade was, without a doubt, of great importance and has officially paved…

Binance To Support Ether Staking Withdrawals From April 19

Binance said that user requests for withdrawals, once submitted, cannot be canceled and the process may be slow initially, requiring 15 days to several weeks for completion. Users will receive redeemed ether in their spot wallets and pending BETH tokens locked in pending ETH withdrawal requests won’t be eligible for staking rewards. BETH is a wrapped token issued by Binance which is 1:1 pegged to ETH on the Ethereum blockchain. Source

Ethereum price retests key support level that preceded 60% gains in June 2022

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Ethereum’s Ether (ETH) token continued its losing streak versus Bitcoin (BTC) for the fifth day in a row as BTC’s price jumped above $30,000 for the first time since June 2022. ETH/BTC bullish reversal fails midway On April 11, the ETH/BTC pair dropped nearly 1.6% to 0.0634 BTC to retest multi-month lows. ETH/BTC daily price chart. Source: TradingView The ETH/BTC level is down 6.75% from its local peak of 0.0679 BTC set six days ago. It is also just 2% above the pair’s local low of 0.0622 BTC from March…

OpenAI finds fresh support from Japan amid global country-wide bans

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Japan has shown support for OpenAI amid a sea of bans by different countries and uncertainties for the company. Chief Cabinet Secretary Hirokazu Matsuno stated on Monday that Japan will contemplate incorporating artificial intelligence (AI) technology, such as OpenAI’s ChatGPT chatbot, into government systems provided that privacy and cybersecurity issues are addressed. Following an alleged data breach on March 20, Italy’s data protection watchdog temporarily blocked the chatbot on March 31 and directed OpenAI to immediately restrict data processing for Italian users while an investigation is ongoing. OpenAI CEO Sam…

Coinbase Backs New Filing in Support of Tornado Cash

According to the case filed on April 5 in a Texas District Court, the plaintiffs, with support from Coinbase, want the OFAC to settle the first two counts from its original complaint, which was filed last September. Popular public listed exchange Coinbase is supporting the new class that seeks a reversal of the Tornado Cash ban. With this, the US Treasury is faced with a renewed legal case targeted at its move to sanction the crypto mixer. The motion to remove the Tornado Cash ban was filed by six individuals…

Celo Foundation and Google Cloud partner to support sustainable Web3 startups

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The Celo Foundation has partnered with Google Cloud to support mission-aligned projects in Celo’s blockchain ecosystem and advance the early adoption of Google Cloud services. The collaboration is set to allow founders building on Celo to access credits for Google Cloud and Firebase usage, thereby enhancing Celo’s mobile-first infrastructure and decentralized applications (DApps). Firebase is a mobile and web application development platform developed by Google that provides developers with various tools and services for building apps, including authentication, real-time databases, cloud storage and messaging. According to the announcement, the Google…

Astar Network to launch smart contracts that support two virtual machines

Multichain decentralized application (DApp) protocol Astar Network will launch the second iteration of its smart contracts that supports both Ethereum Virtual Machine (EVM) WebAssembly Virtual Machine (WASM VM) on its mainnet on April 6.  In an announcement sent to Cointelegraph, Astar Network founder Sota Watanabe explained that the new update would allow the creation of WASM or EVM projects within their network and allow the inception of new multichain apps. According to Watanabe, the new upgrade will let people connect their Astar project to any Polkadot or EVM-based ecosystems. The…

Crypto Companies in UK Seeking Governmental Support in Response to Limitations Imposed by Banks

The UK banks increased the pressure on crypto companies following the collapse of Signature Bank and Silicon Valley Bank which affected the US. Crypto companies in the UK are facing multiple challenges while trying to get access to various services from banks, with their applications getting rejected and excess paperwork required. It started in February after HSBC Holdings plc and National Westminster Bank, or simply NatWest (LON: NWG), announced restrictions on the purchase of digital currencies. In particular, NatWest imposed a £1,000 daily limit and £5,000 30-day limit on payments that can…

Bitcoin price turns $28K to support, opening the door for ETH, MATIC, HBAR and EOS to breakout

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The market witnessed a major banking crisis in March as Silicon Valley Bank and Signature Bank failed and Silvergate Bank entered liquidation as the result of dire financial distress. In Europe, the government brokered a forced takeover of Credit Suisse by UBS. Still, the United States equities markets and the European stock markets closed the month on a positive note. The cryptocurrency market was also shaken by volatility, but Bitcoin (BTC) gained about 23% in March. Going forward, the picture looks encouraging for Bitcoin bulls in April and data from…