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Mississippi water crisis triggers blame game
Why, he asked, hasn’t cash from state revolving funds and the $1.2 trillion infrastructure package that Biden signed last fall been used to help Jackson? Jackson’s population is 81.8 percent Black and 16 percent white, with a poverty rate of 26.9 percent, slightly higher than the rest of the state, according to the Census Bureau. “When will those dollars make it to cities like Jackson?” said Ali, now an executive vice president at the National Wildlife Federation. “And what’s the long term plan to address the needs that the climate crisis is going to place on these systems?” Scientists warn that climate change will intensify water problems as extreme weather brings more frequent and intense floods and droughts. Biden’s approval of an emergency declaration authorizes FEMA to “coordinate all...
AngelBlock, DeFi protocol for crypto-native fundraising, announces it’s Startup Grant Program and platform launch
Warsaw, Poland, 31st August, 2022, Chainwire AngelBlock is a platform dedicated to bringing together vetted, noteworthy crypto and FinTech startups with knowledgeable investors. The aim is to allow frictionless providing of financing and support by investors to new ventures in the crypto, blockchain, and FinTech space focusing on early-stage investments, in a manner that’s fully on-chain and decentralized. The team prepares to launch the fundraising platform in Q4 later this year, and they want to support three promising startups with a 90,000 USDT grant program. Winners of the grant will not only get 30,000 USDT each but will also be listed on the platform for fundraising and have access to the core AngelBlock team for mentoring. Grants applications will open on August 31 and close on Sep...
US Federal Reserve discussion paper takes cold, hard look at DeFi, gives it mixed review
There are more than 1,400 DApps in operation and their number is growing rapidly, according to a United States Federal Reserve Board discussion paper dated in June but released on Aug. 30. Ethereum is their biggest host with 470, or 31%, of them. Those decentralized finance (DeFi) products represent a very small share of the global financial system, but may still pose risks to financial stability, the authors said. The cumulative gross value of DeFi products ranged from $78 billion to $224 billion at the beginning of the second quarter of 2022, depending on how DeFi was defined, the paper said. Those figures have fallen dramatically since then, as the crypto winter descended. At the same time, technological developments are improving DeFi’s processing capacity. The authors speculate that w...
Ticketmaster selects Flow blockchain for minting NFT event tickets
According to Flow, a digital engagement layer-1 blockchain created by Dapper Labs, Live Nation’s subsidiary Ticketmaster has unveiled nonfungible tokens (NFTs) tickets for event organizers minted on its blockchain. The primary purpose of the NFT tickets will be for commemorative value. But aside from being used as mementos, they can also be used as proof of attendance at notable concerts. However, such virtual commemorative tickets are not valid for entry. One still needs to show a purchased ticket with a bar code from Ticketmaster or Live Nation for entry. As told by Live Nation, it selected the Flow blockchain based on its eco-friendly nature, claiming that creating an NFT on Flow uses less energy than doing a Google search or making an Instagram post. It is possib...
Crypto Twitter shares security concerns regarding Meta’s recent NFT integration news
On Aug 29, Facebook and Instagram’s parent company Meta announced that its users will now be able to post digital collectibles and Non-Fungible Tokens, or NFTs, across both platforms by simply connecting their digital wallets to either site. We’re introducing the ability to post digital collectibles across @facebook and @instagram. You can now connect your digital wallet to either app to share your #NFTs on both. What NFT are you excited to share? https://t.co/wa2wkWfI7p pic.twitter.com/SlpwAuY02c — Meta Newsroom (@MetaNewsroom) August 29, 2022 While Meta’s announcement may have seemed to some like a mass adoption win for some digital asset enthusiasts, not all members of Crypto Twitter were thrilled by the news. Skeptical users took to social media to express concerns surrounding the secu...
Bitcoin holds $20K, but analysts say BTC open interest leaves room for ‘more deleveraging’
Bitcoin (BTC) price continues to struggle at $20,000 and repeat dips under this level have led some analysts to project deeper downside in the short-term. Earlier in the week, independent market analyst Philip Swift tweeted that the Crypto Fear and Greed Index had dropped back to back to “Extreme Fear,” reflecting softening sentiment among investors. The market is not enjoying $BTC hanging around $20k. Back into Extreme Fear today. Live chart: https://t.co/Jr5151zN7I pic.twitter.com/UnztrZP7FP — Philip Swift (@PositiveCrypto) August 31, 2022 On Aug 29, analytics firm Delphi Digital highlighted Bitcoin open interest hitting a new record-high and said: “The Futures Open Interest Leverage Ratio for BTC reached its highest level ever recorded at more than 3% of BTC market cap, following ...
J Balvin Returns to WME After Leaving Three Months Ago
J Balvin has returned to his longtime agency WME, sources tell Billboard. The move follows a short stint with UTA that started in May. No reason was given for his departure from or return to WME. Balvin left WME for UTA in May after postponing his 25-date José tour. The move was surprising considering Balvin’s long and storied history with the agency. WME began booking Balvin when he still an emerging artist, and the agency played an integral role in his global touring and branding, securing early placements for him in major festivals. UTA never formally announced its deal with Balvin, but the agency has been growing its Latin roster and currently represents several high-profile Latin stars. Bad Bunny, Balvin’s Universal Music labelmate Karol G and Brazilian powerhouse Anitta are...
1xBit and COSMOS: Innovating Crypto Betting
Everything is in place to ensure that no one is left out. This is especially true on 1xBit, where the crypto gambling site just added the ATOM tokens as a payment method on its website. It is a welcome development for crypto and casino lovers when considering the benefits of ATOM tokens. What are ATOM Tokens ATOM tokens are the native cryptocurrency for the Cosmos Blockchain. Suffice it to say that Cosmos is the project name while ATOM is the digital currency that fuels the network. The founders of the DApps project, the Tendermint, released the Cosmos whitepaper in 2016 to develop a crypto project that thrives where Bitcoin and the early Blockchains have failed. The Cosmos project’s sole goal is to develop a faster, inexpensive, and environmentally friendly system – all these are where ot...
You Can Now Experience COSMOS on 1xBit
COSMOS is taking crypto betting into the future: convenient, scalable, and lucrative. COSMOS has become the most recent cryptocurrency to join the 1xBit family bringing convenience in the revolutionary crypto betting one step further. With speedy transactions, easy-to-use software, and inter-blockchain communication, COSMOS is about to revolutionize the already groundbreaking betting on 1xBit and lead crypto gambling into the future. What is COSMOS Protocol? COSMOS is a Proof-of-Stake-powered crypto project that provides users with fast, easy access across multiple blockchains. Finding its origins in the Tendermint protocol, a major contributor founded in 2014, COSMOS released its whitepaper in 2016 and began token sales in 2017. The protocol is the brainchild of the founders of Tend...
Drake and LeBron James Are Teaming Up To Invest in AC Milan
It appears that one of baseball’s most elite is getting into the world of football. The Financial Times recently reported that Yankee Global Enterprises, which is the New York team’s parent company, has partnered with Los Angeles-based investment firm Main Street Advisors to go in as minority investors in Italian football club, AC Milan. Main Street Advisors includes NBA star, LeBron James and the 6God himself, Drake. Together, both companies are reportedly closing in on a deal to purchase shares of the reigning Serie A champion league for just a little over $1.2 billion USD. If this deal goes through, this would make James and Drake passive owners of the club. The Yankees have also partnered with private equity group RedBird Capital to secure the deal. RedBird has quite the portfolio when...
Buterin and Armstrong reflect on proof-of-stake shift as Ethereum Merge nears
Ethereum co-founder Vitalik Buterin and Coinbase CEO Brian Armstrong believe that a gradual mind shift and important community contributions led to their backing of Ethereum’s upcoming move from a proof-of-work (PoW) to aproof-of-stake (PoS) consensus. The two industry titans joined Coinbase protocol specialist Viktor Bunin on the Around the Block podcast for an enlightening discussion centered on The Merge, which is set to take place in mid-September 2022. Buterin reflected on his history of considering proof-of-stake as a potential consensus mechanism for the Ethereum blockchain, which was initially met with skepticism due to a number of unsolved problems that made it seemingly unviable. According to the Ethereum co-founder, one of the project’s first blog posts in 2014 proposed an...
Georgia aims to adopt European crypto standards for Anti-Money Laundering
Georgia, one of the world’s most cryptocurrency-friendly countries, is moving to introduce new crypto regulations to pursue its ambitions to become a global crypto hub. Georgian lawmakers have prepared a new regulatory framework targeting digital business and cryptocurrency trading in the country, Georgian Minister of Economy and Vice Prime Minister Levan Davitashvili announced. Davitashvili said that a draft bill has been sent to the parliament and the amendments are expected to be passed in the autumn session, local news agency Business Media Georgia reported on Monday. According to the minister, the draft bill aims to coordinate local cryptocurrency laws with three major European Union directives, including the Payment Services Directive (PSD2), the Capital Requirements Directive (CRD) ...
