Crypto
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US crypto regulation bill aims to bring greater clarity to DAOs
On June 7, United States Senators Cynthia Lummis and Kirsten Gillibrand launched the much anticipated Responsible Financial Innovation Act, proposing a comprehensive set of regulations that address some of the biggest questions facing the digital assets sector. By providing holistic guidance to the rapidly growing industry, the bill offers a bipartisan response to President Biden’s call for a whole-of-government approach to regulating crypto. Among its many proposals, the bill establishes basic definitions, provides an exemption for digital currency transactions and harmonizes the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), delineating regulatory swim lanes and granting a significant jurisdictional expansion to the CFTC. The bi...
Affyn’s “Generation Zero” NFT Collection sells out in 100 seconds
Affyn, a Singapore-based company using blockchain-powered technology to develop mobile games with integrated geolocation and augmented reality capability, has sold out its “Generation Zero” NFT Collection within 100 seconds. The collection which featured a set of 400 “Generation Zero Buddies” (Gen 0) NFTs has been completely sold out in a record time. The NFTs are duped “Buddies” and are the first set to enter Affyn’s NEXUS World Metaverse. Affyn’s “Generation Zero” NFTs utility Contrary to existing NFTs that have very limited utility, Affyn’s “Generation Zero” NFTs will be interoperable across different blockchain games and metaverses. The first set of the “Buddies” NFTs sold for 2,995 FYN tokens per piece and featured scarce design and a rarity categorized as “Mythical.” Affyn’s NFTs gai...
NEOPIN signs strategic partnership with Cube Entertainment
Singapore, Singapore, 7th July, 2022, Chainwire Mutual agreement on information exchange, joint marketing, and service development Collaborative efforts in the establishment of global blockchain business and ecosystem NEOPIN, a blockchain subsidiary of NEOWIZ Holdings(KOSDAQ: 042420), announced on July 7th that it has signed a strategic partnership with Cube Entertainment (hereinafter “Cube”) to establish a global blockchain ecosystem. The two entities plan to cooperate in all areas of blockchain business and ecosystem through the exchange of information on blockchain technology, cooperation in service development, and marketing campaigns to expand into the global market. Cube, one of the largest entertainment companies in South Korea with top-notch artists such as BTOB, (G)I-DLE, an...
Angle Protocol partners with Plenty to bring agEUR to the Tezos ecosystem
SAN MATEO, CALIFORNIA, 7th July, 2022, Chainwire Popular Euro stablecoin on Ethereum, agEUR can now be bridged to Tezos ecosystem through the Plenty bridge. Users can access the bridge at plentydefi.com/bridge and bridge their agEUR from Ethereum to Tezos. Along with the agEUR.e, the bridged token on Tezos, Plenty has also launched a Euro stable pair agEUR.e-EURl and a farm to incentivise the liquidity on their decentralized exchange. Tezos users can now send and trade Euros with very low fees. This is however just a first step. Plenty has partnered with Angle Protocol, a decentralized stablecoin protocol, to unlock the full potential of Tezos by solidifying agEUR as the market’s leading Euro stablecoin, useful across a wide range of DeFi use cases including buying NFTs or salary compensat...
A mandate for blockchain businesses is to rebuild global trust
Given the tumultuous times for humanity, blockchain must be mandated not as an alternative but as an incumbent to enable confidence and build trust. Trust is the cornerstone of socioeconomic success and geopolitical balance. Our current world is exhibiting a massive trust deficit. Distrust is resulting in socioeconomic failures and geopolitical angst. Blockchain’s superpower is trust. It is time to mandate blockchain businesses to rebuild trust, success and balance across global systems. Geopolitical agitations, the war in Ukraine and elsewhere, famine, climate crisis, inflation, supply chain problems, and financial market turmoil are a few of humanity’s many challenges today. Let’s talk about trust The world is in need of and must trust again. Blockchain is a technology built upon integra...
A mandate for blockchain businesses is to rebuild global trust
Trust is the cornerstone of socioeconomic success and geopolitical balance. Our current world is exhibiting a massive trust deficit. Distrust is resulting in socioeconomic failures and geopolitical angst. Blockchain’s superpower is trust. It is time to mandate blockchain businesses to rebuild trust, success and balance across global systems. Geopolitical agitations, the war in Ukraine and elsewhere, famine, climate crisis, inflation, supply chain problems, and financial market turmoil are a few of humanity’s many challenges today. Let’s talk about trust The world is in need of and must trust again. Blockchain is a technology built upon integrated trust. Where there is trust, there can be progress. Given these tumultuous times, blockchain must be treated not as an alternative but as an incu...
Binance users support 0-fee trading despite CZ’s wash trading concerns
Both traditional and crypto investors consider trading fees as one of the most significant liabilities when it comes to investing over exchanges. So no wonder when Changpeng “CZ” Zhao, the founder and CEO of Binance, asked investors about their interest in trading on the crypto exchange with no fees, the response was a resounding yes despite the inherent risks pointed out by the entrepreneur. Binance stands as the biggest crypto exchange, outdoing its nearest competition FTX by 10x in terms of the trading volume. Zhao, known for implementing features based on community feedback, reached out over Twitter to gauge investor sentiment regarding the complete removal of trading fees. 0 fee trading @binance creates a few problems, wash trading, VIP tiers, etc. A thread Do you still want it? 1/4. ...
Binance users support 0-fee trading despite CZ’s wash trading concerns
Both traditional and crypto investors consider trading fees as one of the most significant liabilities when it comes to investing over exchanges. So no wonder when Changpeng “CZ” Zhao, the founder and CEO of Binance, asked investors about their interest in trading on the crypto exchange with no fees, the response was a resounding yes despite the inherent risks pointed out by the entrepreneur. Binance stands as the biggest crypto exchange, outdoing its nearest competition FTX by 10x in terms of the trading volume. Zhao, known for implementing features based on community feedback, reached out over Twitter to gauge investor sentiment regarding the complete removal of trading fees. 0 fee trading @binance creates a few problems, wash trading, VIP tiers, etc. A thread Do you still want it? 1/4. ...
What the dot-com bust can teach us about the crypto crash
The economist Benjamin Graham, known to some as the father of value investing, once compared the market to a voting machine in the short run and a weighing machine in the long run. While Graham likely would have been skeptical at best about crypto and its built-in volatility had he lived to see it, his economic theory nevertheless applies to certain aspects therein. Since the emergence of altcoins, the blockchain space has operated almost exclusively as a “voting machine.” Many projects have, by and large, been financially unsuccessful and even detrimental to investors and the space at large. They have, instead, turned crypto into a memelord popularity contest, and their success on that front can hardly be understated. Sometimes that competition is based on who promises the best future use...
What the dot-com bust can teach us about the crypto crash
The economist Benjamin Graham, known to some as the father of value investing, once compared the market to a voting machine in the short run and a weighing machine in the long run. While Graham likely would have been skeptical at best about crypto and its built-in volatility had he lived to see it, his economic theory nevertheless applies to certain aspects therein. Since the emergence of altcoins, the blockchain space has operated almost exclusively as a “voting machine.” Many projects have, by and large, been financially unsuccessful and even detrimental to investors and the space at large. They have, instead, turned crypto into a memelord popularity contest, and their success on that front can hardly be understated. Sometimes that competition is based on who promises the best future use...
Global GPU price drops to compensate for falling Bitcoin mining revenue
As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to its one-year lows at nearly $15 million on July 4. However, a concurrent fall in graphic cards or GPU prices is set to help miners offset their operational costs amid an ongoing bear market. Bitcoin mining revenue fell 79.6% over a period of 9 months, ever since reaching an all-time high of $74.4 million on Oct. 25, 2021. In addition, a global chip shortage and the coronavirus pandemic shot up prices of the most important part of a mining rig — the graphics processing unit (GPU) — further impacting the miners’ bottom line. Bitcoin mining revenue over the past year. Source: Blockchain.com With card manufacturers resuming operations across the world, GPU prices...
Global GPU price drops to compensate for falling Bitcoin mining revenue
As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to its one-year lows at nearly $15 million on July 4. However, a concurrent fall in graphic cards or GPU prices is set to help miners offset their operational costs amid an ongoing bear market. Bitcoin mining revenue fell 79.6% over a period of 9 months, ever since reaching an all-time high of $74.4 million on Oct. 25, 2021. In addition, a global chip shortage and the coronavirus pandemic shot up prices of the most important part of a mining rig — the graphics processing unit (GPU) — further impacting the miners’ bottom line. Bitcoin mining revenue over the past year. Source: Blockchain.com With card manufacturers resuming operations across the world, GPU prices...
