Crypto
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Crypto Bahamas: Attendees talk the future of NFTs
The crypto community headed to Nassau in the Bahamas this week for the inaugural Crypto Bahamas conference. Like most conferences, panels fill up the agenda and on Wednesday the topics at Crypto Bahamas ranged from NFTs to crypto in sports and to asset allocation in Web3. During one particular conversation, titled Evolution of NFTs: Culture, Utility and Regulation, panelists had some insightful musings on the NFT market. To put the Crypto Bahamas conference into context, Sam Bankman-Fried’s cryptocurrency exchange FTX moved its headquarters from Hong Kong to the Bahamas in Sept. 2021. It recently inked a multi-year partnership with Anthony Scaramucci’s investment firm SkyBridge Capital, and its events arm SkyBridge Alternatives, or SALT. They jointly presented the conferenc...
Solana DAOs can now bug you to vote with phone calls and texts
You’ll never have an excuse to miss another governance vote if the decentralized autonomous organization (DAO) calls or texts to badger you to vote. The Notifi Network is banking on this concept to help improve abysmal participation rates in governance votes. Launching with Solana DAOs, it combines popular centralized methods used by the Web3 community such as Telegram and Discord pings with more traditional, and harder to ignore notifications like phone calls, text messages or emails. Backed by crypto venture capital firms Race Capital and Hashed, on April 24 Notifi applied its notification service to all DAOs that launch on the Solana Realms DAO platform. Did someone ask for Telegram notifications?? hehehehe… looks like it’s already here pic.twitter.com/YCYefCiLIt...
Solana DAOs can now bug you to vote with phone calls and texts
You’ll never have an excuse to miss another governance vote if the decentralized autonomous organization (DAO) calls or texts to badger you to vote. The Notifi Network is banking on this concept to help improve abysmal participation rates in governance votes. Launching with Solana DAOs, it combines popular centralized methods used by the Web3 community such as Telegram and Discord pings with more traditional, and harder to ignore notifications like phone calls, text messages or emails. Backed by crypto venture capital firms Race Capital and Hashed, on April 24 Notifi applied its notification service to all DAOs that launch on the Solana Realms DAO platform. Did someone ask for Telegram notifications?? hehehehe… looks like it’s already here pic.twitter.com/YCYefCiLIt...
Meta’s Reality Labs posts $2.9B loss: ‘I recognize it’s expensive’ says Zuck
Meta Platforms Inc., formerly known as Facebook Inc., posted its Q1 2022 earnings on Wednesday, with its Metaverse-focused Reality Labs division posting increased losses. The Reality Labs division — formerly known as Facebook’s Oculus division — has been spending increasing sums of capital on developing virtual reality and metaverse-related products, posting a $2.9 billion loss for Q1 2022. That’s 61% more than its $1.8 billion loss in Q1 2021. Overall Reality Labs revenue came in above expectations, seeing $695 million in revenue during the first quarter of this year from the sales of things like VR headsets and Meta Portal hardware. In a Wednesday earnings call, Meta CEO Mark Zuckerberg said losses in this division are to be expected, owing to the fact that Reality Labs is still la...
Meta’s Reality Labs posts $2.9B loss: ‘I recognize it’s expensive’ says Zuck
Meta Platforms Inc., formerly known as Facebook Inc., posted its Q1 2022 earnings on Wednesday, with its Metaverse-focused Reality Labs division posting increased losses. The Reality Labs division — formerly known as Facebook’s Oculus division — has been spending increasing sums of capital on developing virtual reality and metaverse-related products, posting a $2.9 billion loss for Q1 2022. That’s 61% more than its $1.8 billion loss in Q1 2021. Overall Reality Labs revenue came in above expectations, seeing $695 million in revenue during the first quarter of this year from the sales of things like VR headsets and Meta Portal hardware. In a Wednesday earnings call, Meta CEO Mark Zuckerberg said losses in this division are to be expected, owing to the fact that Reality Labs is still la...
Edward Snowden reveals he was one of six who helped launch Zcash
Cybersecurity poster boy and government surveillance whistleblower Edward Snowden has revealed he played a pivotal role in the creation of privacy token Zcash (ZEC). A video from Zcash Media featured an interview with Snowden where he outlined his involvement as one of the six individuals who had a piece of the Zcash multisig private key to launch the project on Oct. 23, 2016. In the video, Snowden stated: “My name is Edward Snowden. I participated in the Zcash original ceremony under the pseudonym John Dobbertin.” Edward Snowden is the whistleblower who revealed U.S. government surveillance tactics and went into hiding in 2013. Zcash is a decentralized blockchain that uses zero-knowledge proofs in its transactions. ZEC transactions cannot be tracked and the amounts transmitted cannot be d...
Edward Snowden reveals he was one of six who helped launch Zcash
Cybersecurity poster boy and government surveillance whistleblower Edward Snowden has revealed he played a pivotal role in the creation of privacy token Zcash (ZEC). A video from Zcash Media featured an interview with Snowden where he outlined his involvement as one of the six individuals who had a piece of the Zcash multisig private key to launch the project on Oct. 23, 2016. In the video, Snowden stated: “My name is Edward Snowden. I participated in the Zcash original ceremony under the pseudonym John Dobbertin.” Edward Snowden is the whistleblower who revealed U.S. government surveillance tactics and went into hiding in 2013. Zcash is a decentralized blockchain that uses zero-knowledge proofs in its transactions. ZEC transactions cannot be tracked and the amounts transmitted cannot be d...
The Brazilian Senate passes a Bill to regulate Crypto Transactions
Brazilian Senator, Flávio Arns, presented a bill on crypto transaction regulation to the Senate on Tuesday night and the Senate passed the bill. Now the bill will be taken to the Brazilian Chamber of Deputies for voting, however, the executive branch can turn it down if adopted. According to the legislation, crypto firms will be regarded as Virtual service providers and will have to operate within the Brazilian financial system guidelines notwithstanding strict adherence to the financial institutions against crimes. Execution of duties However, should the measure be passed, then the Brazilian Securities and Exchange Commission will be restricted from overseeing the crypto market, though it will be in charge of the Initial Coin Offerings (ICOs), but the decision to determine the body that w...
Grayscale to expand crypto fund offering into Europe
Digital asset manager Grayscale Investments is planning to expand its product offerings into Europe to tap into growing institutional demand for cryptocurrencies in the region, CEO Michael Sonnenshein confirmed Tuesday. In an interview with Bloomberg, Sonnenshein said the company was holding meetings with local partners to discuss how Grayscale’s suite of products would be rolled out in the region. The company hasn’t made any definitive plans regarding which exchanges and countries would be supported initially, though Grayscale plans to launch pilot tests in several markets across the European Union. Sonnenshein explained that Grayscale would be looking at investor behaviors and local regulations in determining its product rollout. “Although the EU is unified, we don’t view the entir...
These are the DEX tokens that should not be missed on April 27
ZRX, SUSHI and CAKE are the best DEX tokens you can get on April 27. Each token has seen numerous developments and a high level of growth. All of these tokens can grow in value further. After the decentralized exchange (DEX) protocol 0x Labs raised $70 million from Greylock, OpenSea, and Jared Leto, in a Series B Round, there has been a spike in interest surrounding DEX tokens. 0x Labs is a non-fungible token (NFT) partner of Coinbase, and they rolled out a set of NFT swap features that enabled users to exchange digital collectibles across multiple blockchains. All of these developments sparked an interest in DEX tokens, and today, we will be going over some of the best options you have. We will be taking an in-depth look at the values of ZRX, SUSHI, and CAKE to give you an indicatio...
KuCoin announces a $100 Million Fund to Empower Web3 Growth
KuCoin’s role in empowering the Web3 universe continues, this time with the launch of a new $100 million fund. Spearheaded by KuCoin, the leading crypto exchange, together with its brand new NFT trading platform’s KuCoin NFT Marketplace-Windvane and venture capital arm KuCoin Ventures, the $100 million “Creators Fund” targets the incubation of early-stage NFT projects. Empowering Web3 Universe The goal, according to a press release the platform shared, is to use the funds to support the NFT Metaverse ecosystem. As such, projects drawn from fields such as arts, Esports, PFPs, GameFi, and Asian culture among others, are set to benefit. To help accelerate this growth as Web3 takes shape is KuCoin’s launch of a new decentralised NFT marketplace dubbed “KuCoin NFT Marketplace-Windvane. Pe...
Cuban central bank makes it official: VASP licensing coming in May
In a move that could potentially foster the growth of Cuba’s nascent tech industry, the Banco Central de Cuba (BCC), the country’s central bank, will begin issuing licenses for Bitcoin (BTC) and other virtual asset services providers, or VASPs. According to the Official Gazette No. 43 published Tuesday, which includes a Central Bank of Cuba resolution, anyone wanting to provide virtual-asset-related services must acquire a license first from the central bank. It reads: “The Central Bank of Cuba, when considering the license request, evaluates the legality, opportunity and socioeconomic interest of the initiative, the characteristics of the project, the responsibility of the applicants and their experience in the activity.” Furthermore, the document states that those organizations that do n...
