Blog – Page 399

Incredible, the Central African Republic Actually Adopted Bitcoin. What Else Do We Know? –

As it turns out, the Central African Republic is the second country in the world to adopt bitcoin as legal tender. The news is confirmed by an official press release from the president’s chief of staff, Obed Namsio. The document surfaced on the country’s Facebook page, and, among other things, says that the law project was approved by a unanimous decision. “Bitcoin adoption as legal tender represents an important step towards openness and new oportunitties for our country.” ???? Official...

Volt Inu Announces Exciting Developments for Its Project

Malmo, Sweden, 27th April, 2022, Chainwire Volt Inu, a relatively new project designed to create a hyper-deflationary token and provide several investment services to crypto enthusiasts, is happy to announce several recent developments in its plans. Without further ado, let us go into every announcement shared by the team...

U.S. Official Calls For Separate Regulator For Digital Assets

U.S Representative Patrick McHenry recently criticized both the Commodity Futures Trading Commission (CFTC) and the SEC over their handling of regulations around digital assets. McHenry cited the need for a special, separate entity to regulate virtual assets. McHenry’s comments come amid growing scrutiny of the SEC and other U.S. regulators in their alleged mishandling of the growing crypto market. To date, the United States lacks any comprehensive federal laws covering crypto.

Digital assets neither a commodity nor a security

In an interview...

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

Singapore, Singapore, 27th April, 2022, Chainwire The newest service tailored towards enterprises from Mintable is a gas-free minting product called Mintology. Mintable is a technology company that delivers NFTs as part of its services. Mintable excited to introduce its new app that allows the minting of NFTs without any...

Aave’s Founder Kicked Out Of Twitter For Allegedly Spreading FUD

The founder of Aave has been banned from Twitter, after putting out a recent tweet that took the platform by storm. Stani Kulechov, the head of the leading DeFi Platform that allows users to borrow cryptocurrencies, seemed to have spread FUD with his recent tweets. The move was allegedly made to cut down on “FUD” The post Aave’s Founder Kicked Out Of Twitter For Allegedly Spreading FUD appeared first on CoinGape. Source link

$ADA: IOG Working With Wanchain to Allow to ‘Become an EVM-Compatible Sidechain to Cardano’

Cardano ($ADA) developer Input Output is reportedly working with Wanchain, a blockchain interoperability solution, to allow it to become an Ethereum Virtual Machine (EVM) compatible network on Cardano, bringing added utility to the network. According to a press release, Input Output and Wanchain are collaborating “on enabling interoperability...

Mexico’s Senate Building Gets Its Own Bitcoin ($BTC) ATM

As Mexico prepares to regulate cryptoassets, the country’s Senate building in Mexico City has gotten its own Bitcoin ATM. The machine came from Bitcoin ATM manufacturer ChainBytes in cooperation with operator Axolotl Bitcoin. According to a press release, the Bitcoin ATM was installed in a bid to support...

OCC Chief Says Stablecoins Need Common Standard

Key Takeaways

The Office of the Comptroller of the Currency has said that stablecoins need a common standard. He claimed that stablecoins should be interoperable with each other. He harkened the current state of stablecoins back to the early days of the Internet.

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The acting chief of the Office of the Comptroller of the Currency has claimed that stablecoins should be given a common standard similar to the way that certain web practice standards were established in the...

Cardano (ADA) Team Believes Its PoS Mechnism Is Most Promising; Here’s Why

Proof-of-work (PoW) and proof-of-stake (PoS), the two predominant consensus models among blockchains, often get compared based on energy consumption. But according to the team behind Cardano, one of the largest PoS blockchains, PoS consensus mechanism trumps PoW in many more ways.

Cardano says the benefits of its PoS go “far beyond” energy efficiency

Frederik Gregaard outlined these advantages in a recent blog post jointly published by the Cardano Foundation and CV Labs. The Cardano Foundation CEO stated that the blockchain’s implementation...

Wood, Novogratz Weigh $1M Bitcoin Target, Web3 Potential

Key Takeaways

Speaking at Crypto Bahamas, Cathie Wood and Mike Novogratz both said that they think Bitcoin could hit $1 million in the future. The pair reflected on Bitcoin's increasingly important role in the U.S. economy and political landscape. They also spoke of the potential for Web3, making particularly strong cases for the future of NFTs.

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Wood detailed how the top crypto asset could hit $1 million by the end of the decade.

Wood, Novogratz Discuss Bitcoin in the...