Crypto
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Top metaverse tokens that will take your earnings to the next level
SAND, MANA, and ENJ are all solid metaverse tokens. Each of these tokens powers its own ecosystem and has potential for growth. As the metaverse evolves, so will their value increase. Metaverse tokens have seen numerous developments and updates. On April 25, 2022, The Sandbox announced that they are expanding on Hong Kong culture with the second part of their LAND sale, which is centered around the Mega CIty district. This led to a lot of activity in the network. Decentraland also saw numerous updates; on April 28, they announced that they are excited to attend and sponsor NFTxROADS – The NFT event in Spain. On April 25, 2022, Enjin Coin partnered with Bit2Me Global, the first cryptocurrency platform that is recognized by the Bank of Spain and a company that offers simple, secure, and...
Bipartisan bill to give CFTC authority over exchanges and stablecoins
A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under the regulatory control of the United States Commodity Futures Trading Commission (CFTC). The Digital Commodity Exchange Act of 2022 (DCEA) was re-introduced to Congress by Republican Representatives Glenn Thompson and Tom Emmer with support from Democrat co-sponsors Darren Soto and Ro Khanna. The updated version includes a section covering stablecoin providers, who can register as a “fixed-value digital commodity operator.” These operators would be obligated to share how the stablecoin operates, retaining records for the regulator along with providing information on the assets backing the “fixed-value digital...
VeChain can be used as payment in 2M stores — and VET bridged to BNB chain
Supply chain blockchain project VeChain has announced a new partnership with crypto payment services, Alchemy Pay that will allow people to use its VET token as payment in over 2 million stores throughout 70 different countries. The news came alongside its inclusion as a supported token on the recently launched Binance Bridge 2.0. Thanks to partner @AlchemyPay, $VET can now be used to buy goods at 2 million+ stores globally! Using our advanced low-#carbon #blockchain, transactions cost fractions of a cent & are processed in seconds from any #VeChain wallet!$ACH #DeFi $VTHO #Web3https://t.co/ceeHRpcbKT — VeChain Foundation (@vechainofficial) April 27, 2022 VeChain was included in the first group of tokens to be supported on the new Binance Bridge 2.0. The Binance Bridge 2.0 provides a n...
Residents of 3 Chinese cities paying taxes and charges with digital yuan
Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency — the digital yuan (e-CNY). According to a domestic news report, a number of government agencies in the Zhejiang province — located just south of Shanghai — are currently running real world trials programs that involve citizens using the digital yuan to pay taxes. The Zhejiang Taxation Bureau is working with the country’s central bank — the People’s Bank of China (PBoC) — to explore a variety of taxation payment methods using the digital yuan. The PBoC and affiliated local government agencies are reportedly looking to the next major test for the digital yuan, the Asian Games which will take place in Hangzhou in September. Local autho...
Dogecoin Jesus? Roger Ver resurfaces on Twitter, backs DOGE over BTC
Roger Ver, an early investor and ardent promoter of Bitcoin (BTC) which earned him the moniker “Bitcoin Jesus” has resurfaced on Twitter after a year and backed Dogecoin (DOGE) in an interview, preferring it for payments over the world’s first crypto. In an interview with Bloomberg, the Bitcoin.com founder said how he was a fan of the memecoin due to its fast transaction times and low fees: “Dogecoin is significantly better, it’s cheaper and more reliable [than Bitcoin]. If I had to pick three contenders for the world’s dominant cryptocurrency, they would be Doge, Litecoin and Bitcoin Cash.” Ver also took time in the interview to voice his support for honorary Dogecoin CEO Elon Musk’s Twitter takeover. “It’ll certainly make Twitter more attractive,” said Ver. “I am really, really grateful ...
The NFT sector is projected to move around $800 billion over next 2 years: Report
Although NFTs have been a part of the cryptocurrency market since 2014, interest and adoption ha risen rapidly over the last two years. At their height in August 2021, the total trading volume of NFTs rose to over $5 billion, kickstarting what briefly came be to known as “NFT Summer”. According to a report by Coingecko, the NFT market is now expected to move more than $800 billion in the coming two years. The report, which mostly utilized investors from Asia and the Pacific, highlighted that of 871 respondents, around 72% of them already own NFT(s), with more than 50% of them declaring that they had 5 or more. As for investors, the report indicated a balance between the generations, suggesting 43.6% of NFT investors surveyed were between 18-30 years old and 45.2% are between 30-50 yea...
NFT traders STEPN to a new groove — Is move-to-earn the future of fitness or another fad?
Axie Infinity was a pioneer of the play-to-earn movement and the project inspired new Web3 applications that aspire to apply the earning model to their respective ecosystems. The latest project to join the move-to-earn movement is STEPN, a Solana-based Web3 application where owners of the NFT sneakers earn as they walk. STEPN has programmed a few factors that determine just how much a person can make with its sneakers and the Green Satoshi Token (GST) is STEPN’s in-game token that currently trades for $7.30. Over the last 30-days the token has surged over 77%, but is it sustainable? GST monthly price action. Source: CoinGecko What’s interesting about the move-to-earn phenomenon is that it’s essentially a form of P2E since it gamified fitness through a digital asset (the sneaker). Reg...
Singaporean investors’ appetite for crypto is key to mainstream adoption — Survey
As Singapore continues to play an active role in boosting crypto adoption across the Asia-Pacific region, the country’s first licensed crypto exchange Independent Reserve conducted a retail-focused survey to better understand the underlying potential of the regulated market. Independent Reserve’s survey — conducted across all age groups and genders of the Singapore population — revealed a strong affinity for various financial opportunities brought forward by decentralized finance (DeFi) and other investment opportunities. As explained by Raks Sondhi, managing director of Independent Reserve Singapore, the country’s rapid crypto adoption is driven by high level of trust and confidence in the future of crypto: “58% [Singaporeans surveyed] perceive Bitcoin as an investment asset or a sto...
Internet Computer’s ORIGYN is watching the watches using NFT authentication
ORIGYN, a Swiss foundation that uses artificial intelligence (AI) to identify and authenticate objects of value, has partnered with luxury watch marketplace WatchBox. The pair will co-produce certificates of authenticity in the form of NFTs that enable customers to trade the digital ownership of a watch. ORIGYN is the largest project on the Internet Computer Protocol, or ICP, developed by The DFINITY Foundation blockchain. Individuals who purchase a collector quality timepiece via WatchBox can expect ORIGYN to certify the authenticated object thanks to its biometric technology. Each watch is given a unique biometric fingerprint and an NFT that contains all of this information is minted. These are utility NFTs that may offer customers insurance, digital provenance, con...
Everything you need to know about Ethereum 2.0 & The Merge!
Quick facts about The Merge… Ethereum 2.0 is the transition from the proof of work (PoW) consensus mechanism to the proof of stake (PoS) model. PoW is used by a handful of blockchains, the most notable of which is the father of cryptocurrencies—Bitcoin (BTC). Ethereum also started out using the PoW method, but as its popularity grew, PoW was found to be too labour intensive for Web 3.0, too slow, and too environmentally unfriendly. PoS on the other hand completes transactions more efficiently, uses less power, and benefits from much lower transaction fees. Network stakeholders validate transactions and are rewarded for their efforts with the native currency of the platform—in this case, ETH. Why do people call The Merge Ethereum 2.0? Ethereum 2.0, Eth2 or The Merge are all the same thing u...
Memecoins not to miss on April 28: BABYDOGE, FLOKI and KISHU
BABYDOGE, FLOKI and KISHU are all memecoins. Each of them has the potential for extreme growth. As their memecoin communities grow, so will the tokens. Baby Doge Coin (BABYDOGE), Floki Inu (FLOKI), and Kishu Inu (KISHU) are all memecoins that have the highest potential for growth in May. We are going to go over each token individually to get a better look at how far they can grow in value. Should you buy Baby Doge Coin (BABYDOGE)? On April 28, 2022, Baby Doge Coin (BABYDOGE) had a value of $0.000000002164. When we go over the all-time high value of the Baby Doge Coin (BABYDOGE) token, it was on January 16, 2022, when the token reached a value of $0.000000006345. At its ATH, the token was $0.000000004181 higher in value, or by 193%. When we go over the performance of the token t...
Solana Ventures partners with YGG SEA, co-leads $500K investment round
YGG SEA and Solana’s investment branch Solana Ventures announced a partnership to strengthen Solana’s operations in Southeast Asia, CoinText learned from a press release. The region’s game developers and broader gaming community will get more access to resources as a result. Solana Ventures also co-led a $500,000 investment round for YGG SEA. Solana’s ultimate goal: Expanding throughout the region The partnership with YGG SEA is a crucial step toward Solana’s ultimate goal: to expand throughout Southeast Asia. The region’s esports and gaming community numbers 225 million, making it a substantial part of the global video game industry. Rapidly growing range of YGG game titles What’s more, YGG SEA’s scholars will have access to a higher number of popular games ...
