Monthly Archives: May 2022

Kevin O’Leary Expects US Crypto Regulations to Come Out After Midterm Elections

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says U.S. crypto regulations will not come out until after the midterm elections. He explained that President Joe Biden “is not interested in discussing crypto” when his approval ratings have sunk to record lows. O’Leary also cited other factors, including double-digit inflation and high food and gas prices. Kevin O’Leary on Crypto Regulation, Biden’s Policy Shark Tank star Kevin O’Leary talked about bitcoin and cryptocurrency regulation in an interview with Stansberry Research, published Friday. He was asked how far […]

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ETH Co-Founder Vitalik Buterin Says The Merge Could Happen in August, There’s Also ‘Risk of Delay’

Following the statements from Ethereum developer Preston Van Loon at the Permissionless conference, Ethereum co-founder Vitalik Buterin has further confirmed The Merge will likely happen in August. Buterin noted, however, that it’s quite possible there’s still a risk of delay, and The Merge could happen in September or October 2022. The Merge Could Happen in August, Buterin Says Just recently, Vitalik Buterin spoke at the ETH Shanghai Web 3.0 Developer Summit and Ethereum’s co-founder discussed the highly-anticipated proof-of-stake (PoS) transition. The Merge is scheduled to go live […]

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Why is Ethereum used for NFTs?

Read this guide to understand the relationship between Ethereum and NFTs, and explore why Ethereum is used for NFTs. Which blockchain is best for NFTs? When choosing any blockchain for minting NFTs, such as Ethereum for NFT development, ensure the robustness of its smart contracts, check the blockchain’s fee structure, security measures and transaction speed, and assess the possibility of forking. In the cryptocurrency market, NFTs are a significant niche. They provide further exposure to cryptocurrencies for people who might not otherwise have come into contact with […]

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Draft Law About NFTs Submitted to Russian Parliament

Lawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation. The authors of the draft say the rights of those who own non-fungible tokens need to be protected as Russians are currently dealing with NFTs at their own risk. Russian Deputies Propose Amendments Legally Defining NFTs Members of the lower house of Russian parliament, the Duma, have put forward a draft law that will incorporate the term “NFT-tokens” into the Civil Code of the Russian Federation. The sponsors of […]

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Dubai Creates Committee to Help Cement Its Position as ‘Key City in the Metaverse’

The rulers of Dubai have created a committee that is mandated with tracking the latest developments in the digital economy. The committee is also expected to bolster the rulers’ quest to make Dubai a “key city in the metaverse.” Dubai Rulers’ Vision The Dubai rulers, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum the crown prince and the deputy prime minister, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, reportedly “reviewed vital technology trends in the metaverse and issued directives to form a task force to track […]

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Crypto’s Barren Wasteland: A Look at What’s Left of Terra’s Defi and Token Ruins

Following the Terra blockchain fallout and the great UST de-pegging event, the Terra network ecosystem is now a wasteland of almost worthless tokens and protocols. While both UST and LUNA were top ten crypto market cap contenders, Terra’s decentralized finance (defi) presence was second to Ethereum in terms of total value locked. Today, the remaining Terra-based token holders and defi protocol operators seem to be waiting for a miracle. Terra’s Token Economy Has Lost 96% of Its Value There’s been an abundance of news surrounding the Terra […]

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Celebrating Bitcoin Pizza Day With Knoxville Bitcoin Network

One meetup group will gather to purchase pizzas using bitcoin and celebrate the day that Bitcoin achieved its first real-world moment of adoption. Knoxville Bitcoin Network will be hosting a Bitcoin Pizza Day Meetup on March 22, 2022. This idea was brought up in our group chat and the event will serve as a way to pay homage to the legend of Bitcoin Pizza Day. Invite for Bitcoin Pizza Day in Knoxville, TN For those unfamiliar with Bitcoin Pizza Day, this is the day the first Bitcoin […]

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Crypto gaming and the monkey run: How we should build the future of GameFi

Tokens cannot make a game — but they can break one. We can envision a clearer future for a sustainable and decentralized GameFi space. You’ve seen it before. An amazingly talented gaming founder teams up with a top-tier studio, promising to create a wondrous game experience built on the industry’s most powerful engines. But then, it happens: It’s paired with a dubious shitcoin that launches well before even a morsel of game content drops. In the not-so-distant past, mainstream media may have referred to the hype-fueled crypto […]

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Ethereum Has Destroyed $8.10 Billion in Ether, ETH Scarcity to Increase After The Merge

According to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the course of nine months and during the last seven days, 18,110 ether worth $34.9 million was destroyed. 2.35 Million Ethereum Burned — Ethereum Dev Says The Merge Could Happen in August Approximately 288 days ago, Ethereum developers implemented EIP 1559, a ruleset upgrade that basically changed the algorithm tied to the base fee per gas in the […]

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Biggest Movers: SOL Slips Again as ATOM Drops 10% to Start the Weekend

SOL was trading lower to start the weekend, as prices slipped on Saturday. This comes as bears re-entered the market following a week of consolidation. ATOM was one of the biggest movers, falling by 10%. Cosmos (ATOM) After climbing by over 15% on Friday, ATOM was one of the biggest losers on Saturday, as prices fell by over 10%. ATOM/USD followed up yesterday’s peak of $12.12 by falling to an intraday low of $10.82 to start the weekend. The move comes as ATOM moved back towards its […]

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