crypto blog
Crypto winter? DeFi, Metaverse, and NFT job market still hot — Recruiters
The ongoing crypto winter has seen budgets and jobs slashed, but the search for top-tier talent hasn’t stopped across several Web3 verticals, according to some crypto recruitment firms. Speaking to Cointelegraph, Kevin Gibson, founder of crypto recruiting firm Proof of Search said that the majority of staff cuts in the crypto market have been from centralized exchanges, most notably the 18% staff cut at Coinbase in June, 10% cuts at Gemini in July, and the 5% cut at Crypto.com. Despite this, he said there is “still a great deal of demand” for crypto job seekers to get work with “Game-Fi, Metaverse, De-Fi and NFT-oriented companies.” Gibson explained that crypto job boards continue to be dominated by developer and engineer roles, adding there is also “a shortage of experienced CTO, CMO...
Ripple’s plan to tokenize Colombian land stalls amid new administration
A partnership between the Colombian government and Ripple Labs to put land titles on the blockchain appears to have stalled following the project being “deprioritized” by the new administration. The project was initially announced by the outgoing government’s Ministry of Information Technology and Communications just two weeks before the newly elected president Gustavo Petro was sworn into office. According to an Aug. 30 report from Forbes, the interim director of the National Lands Agency Juan Manuel Noruega Martínez said the project is not part of the agency’s strategic priorities for 2022, stating: “This isn’t one of the projects defined in the PETI [Strategic Plan for Information Technologies]” The shift comes as something of a surprise considering Colombia’s ne...
Helium devs propose ditching its own blockchain for Solana
Internet of Things (IoT) blockchain network Helium could transition to the Solana blockchain following a new HIP 70 governance proposal launched on Aug. 30. The Helium core developers said the need to “improve operational efficiency and scalability” was required in order to bring “significant economies of scale” to the network. The Helium network operates by users installing a Helium Hotspot to provide decentralized wireless 5G network coverage for internet users in their area. Helium uses a unique consensus mechanism — proof-of-coverage to verify network connectivity and distribute HNT tokens to Helium Hotspot providers when coverage is verified. The proposal comes as Helium developers have emphasized the need to fix a number of technical issues in order to improve the network’s cap...
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 ...
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...
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) ...
