Binance and Crypto.com Announce Support for Two Ethereum-Based Altcoins As Kraken Adds Terra (LUNA)
Three of the top crypto exchanges are adding a litany of new coins for trading, sending prices on a volatile roller coaster ride.
In a new announcement, Binance says they are listing metaverse altcoin Highstreet (HIGH) for open trading.
According to Binance Research,
Three of the top crypto exchanges are adding a litany of new coins for trading, sending prices on a volatile roller coaster ride.
In a new announcement, Binance says they are listing metaverse altcoin Highstreet (HIGH) for open trading.
According to Binance Research,
UnionBank of the Philippines to utilize METACO and IBM for its crypto custody operations
METACO, a provider of security software and infrastructure to the crypto-asset ecosystem, has announced that Union Bank of the Philippines will deploy its digital asset management solution.
Moreover, UnionBank is deploying services on IBM Cloud, in order to leverage the confidential computing capabilities of IBM’s digital asset infrastructure which are fully integrated with METACO’s software.
One of the largest universal banks in the Philippines, with over $15 billion in assets under management, UnionBank, will leverage METACO Harmonize, METACO’s digital asset orchestration system.
METACO, a provider of security software and infrastructure to the crypto-asset ecosystem, has announced that Union Bank of the Philippines will deploy its digital asset management solution.
Moreover, UnionBank is deploying services on IBM Cloud, in order to leverage the confidential computing capabilities of IBM’s digital asset infrastructure which are fully integrated with METACO’s software.
One of the largest universal banks in the Philippines, with over $15 billion in assets under management, UnionBank, will leverage METACO Harmonize, METACO’s digital asset orchestration system.
El Salvador’s Tourism Sector Grows By Over 30% — Thanks To Its Great Bitcoin Experiment
The tourism industry in El Salvador has significantly improved ever since the Central American nation passed its Bitcoin Law, which paved the way for citizens to pay taxes in BTC and use the cryptocurrency as a medium of exchange.
Tourism In El Salvador Has Soared 30% Since Bitcoin AdoptionWhen El Salvador formally adopted bitcoin as a legal tender in September 2021, many people reacted skeptically. While pundits and international financial institutions were swift to criticize the tiny Latin American nation’s supposedly utopian decision to embrace bitcoin, the cryptocurrency has not only boosted the country’s gross domestic product (GDP) but has also transformed the tourism industry.
In a Monday interview with local media, Salvadoran Minister of Tourism Morena Valdez said the tourism sector has in fact grown by more than 30% since the country started recognizing the oldest and most valuable cryptocurrency as official currency.
The tourism industry in El Salvador has significantly improved ever since the Central American nation passed its Bitcoin Law, which paved the way for citizens to pay taxes in BTC and use the cryptocurrency as a medium of exchange.
Tourism In El Salvador Has Soared 30% Since Bitcoin AdoptionWhen El Salvador formally adopted bitcoin as a legal tender in September 2021, many people reacted skeptically. While pundits and international financial institutions were swift to criticize the tiny Latin American nation’s supposedly utopian decision to embrace bitcoin, the cryptocurrency has not only boosted the country’s gross domestic product (GDP) but has also transformed the tourism industry.
In a Monday interview with local media, Salvadoran Minister of Tourism Morena Valdez said the tourism sector has in fact grown by more than 30% since the country started recognizing the oldest and most valuable cryptocurrency as official currency.
Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation.
Bitcoin Miners Start Pulling Machines Out of KazakhstanCompanies, legally operating mining facilities in Kazakhstan, have already relocated around 30% of their mining equipment elsewhere. The President of the National Association of Blockchain and Data Center Industry of Kazakhstan Alan Dorjiyev told Forklog about the migration.
The executive noted that miners have been influenced by the persisting issues with energy supply and an expected tax increase. His organization represents major companies involved in the extraction of digital currencies accounting for 70% of Kazakhstan’s crypto mining sector.
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation.
Bitcoin Miners Start Pulling Machines Out of KazakhstanCompanies, legally operating mining facilities in Kazakhstan, have already relocated around 30% of their mining equipment elsewhere. The President of the National Association of Blockchain and Data Center Industry of Kazakhstan Alan Dorjiyev told Forklog about the migration.
The executive noted that miners have been influenced by the persisting issues with energy supply and an expected tax increase. His organization represents major companies involved in the extraction of digital currencies accounting for 70% of Kazakhstan’s crypto mining sector.
It’s Time to Put on the Samurai Helmet
Virtual reality has come a long way in the past decade or so, but the last few years have represented a key inflection point for the technology. Gone are the days of bulky headsets that are wired to massive gaming setups – only for the lag to leave you feeling nauseous in no time. Modern headsets continue to get cheaper, better, and more widely accessible as time goes on.
This makes it a very exciting time to be developing a metaverse game. Our creation, Kusunoki Samurai, is a VR game that aims to fully immerse yourself in the world of the 14th-century. Following the journey of famed samurai Kusunoki Masashige, you can experience the vivid details of what it was like to fight in ancient Japan. And it’s only been possible to realize this vision thanks to the incredible developments we’ve seen in virtual reality.
Virtual reality has come a long way in the past decade or so, but the last few years have represented a key inflection point for the technology. Gone are the days of bulky headsets that are wired to massive gaming setups – only for the lag to leave you feeling nauseous in no time. Modern headsets continue to get cheaper, better, and more widely accessible as time goes on.
This makes it a very exciting time to be developing a metaverse game. Our creation, Kusunoki Samurai, is a VR game that aims to fully immerse yourself in the world of the 14th-century. Following the journey of famed samurai Kusunoki Masashige, you can experience the vivid details of what it was like to fight in ancient Japan. And it’s only been possible to realize this vision thanks to the incredible developments we’ve seen in virtual reality.
Low-Cap Ethereum Competitor Surges 68% In One Week, Outpacing Vast Majority of Crypto Projects
One low-cap altcoin is skyrocketing by more than 68% this week amid a surge of total value locked (TVL) on its protocol.
The native asset of the scalability-focused smart contract network Everscale (EVER) is trading at $0.369996 at time of writing.
The 169th-ranked crypto asset by market cap is up 13.8% in the past 24 hours and 68.2% in the past seven days.
The TVL of any decentralized finance (DeFi) protocol represents the total capital held within its smart contracts. TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets.
One low-cap altcoin is skyrocketing by more than 68% this week amid a surge of total value locked (TVL) on its protocol.
The native asset of the scalability-focused smart contract network Everscale (EVER) is trading at $0.369996 at time of writing.
The 169th-ranked crypto asset by market cap is up 13.8% in the past 24 hours and 68.2% in the past seven days.
The TVL of any decentralized finance (DeFi) protocol represents the total capital held within its smart contracts. TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets.
GYM NETWORK: The Future of Investing
Investments have always been a risky affair, and the biggest concern among most is which platform to go for. More so, the slightly reliable ones don’t offer high rewards, which in turn negates the whole point of investing. But that changes with GYM NETWORK, a Binance Smart Chain-based Decentralized protocol. It not just ensures security and transparency in transactions but offers high returns and exciting rewards on investment.
All about GYM NETWORK
If you ever search for a De-Fi project, there would be hundreds of results, but not all suit your requirements or are trustworthy. The number could be pegged at 3-5 if we are lenient in that regard. But the team behind GYM NETWORK has managed to eliminate all the previously encountered problems and design a platform that offers you the best.
Investments have always been a risky affair, and the biggest concern among most is which platform to go for. More so, the slightly reliable ones don’t offer high rewards, which in turn negates the whole point of investing. But that changes with GYM NETWORK, a Binance Smart Chain-based Decentralized protocol. It not just ensures security and transparency in transactions but offers high returns and exciting rewards on investment.
All about GYM NETWORK
If you ever search for a De-Fi project, there would be hundreds of results, but not all suit your requirements or are trustworthy. The number could be pegged at 3-5 if we are lenient in that regard. But the team behind GYM NETWORK has managed to eliminate all the previously encountered problems and design a platform that offers you the best.
Terra (LUNA) Founder Do Kwon Facing South Korea Investigation Over Claims of Ponzi Fraud: Report
The CEO of Terraform Labs is facing possible criminal charges in the wake of two leading cryptos collapsing earlier this month.
In a new report, Yonhap News says that South Korean authorities are considering bringing Ponzi scheme charges against Do Kwon, the founder of Terra (LUNA) and algorithmic stable coin TerraUSD (UST), both of which have plummeted by over 99.99% recently and causing losses of around $40 billion.
The CEO of Terraform Labs is facing possible criminal charges in the wake of two leading cryptos collapsing earlier this month.
In a new report, Yonhap News says that South Korean authorities are considering bringing Ponzi scheme charges against Do Kwon, the founder of Terra (LUNA) and algorithmic stable coin TerraUSD (UST), both of which have plummeted by over 99.99% recently and causing losses of around $40 billion.
Coinweb is one of the most promising projects
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Lawsuit Accuses Binance US of Selling Unregistered Securities, False Advertising Terra UST as ‘Safe’
A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by the law firm Roche Freedman LLP, a company known for high-profile crypto lawsuits during the last few years. The lawsuit accuses Binance US of marketing terrausd (UST) as a firmly fixed stablecoin tied to the value of the U.S. dollar.
Class-Action Lawsuit Filed Against Binance US Over the Terra UST Collapse — 2,000 Plaintiffs Say They Were Misled by the ExchangeOn Monday, the U.S.-based Binance trading platform Binance US has been served with a lawsuit that accuses the company of selling unregistered securities and misleading investors. The accusations derive from last month’s Terra UST de-pegging incident and the entire Terra Classic blockchain ecosystem getting obliterated.The class-action lawsuit was filed in California and the law firm behind the case is Roche Freedman LLP, the company that was involved in the Kleiman vs. Wright case and other well known crypto lawsuits.The lawsuit accuses Binance US of not being committed to its customers by not complying with U.S. federal and state securities laws when it listed terrausd (UST). The lawsuit claims UST was sold as a “safe” asset and as “an early supporter of [Terraform Labs], Binance US is intimately familiar with UST and LUNA.”The lawsuit shows an advertisement showing Binance offering locked staking on UST and it says “high yield, safe & happy earn.” Another advertisement shown in the lawsuit calls UST “fiat-backed.” The class action says that Binance US failed to disclose that “UST is in fact a security” and Binance “refused to register” with the U.S. Securities and Exchange Commission (SEC) as a “securities exchange or as a broker-dealer.”“Binance US’s failure to comply with the securities laws, and its false advertisements of UST, have led to disastrous consequences for Binance US’s customers in May 2022, in the span of just a few days, UST lost essentially all its value — a loss of approximately $18 billion,” the lawsuit alleges. According to the lawsuit, after the UST collapse Binance removed the false adverts but notes that Binance has not stopped selling Terra-based securities.The lawsuit states:
Binance US’s parent company blithely added insult to injury when, on May 31, 2022, it began selling Luna 2.0 — a new token which, just like LUNA, is centrally controlled by [Terraform Labs].
A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by the law firm Roche Freedman LLP, a company known for high-profile crypto lawsuits during the last few years. The lawsuit accuses Binance US of marketing terrausd (UST) as a firmly fixed stablecoin tied to the value of the U.S. dollar.
Class-Action Lawsuit Filed Against Binance US Over the Terra UST Collapse — 2,000 Plaintiffs Say They Were Misled by the ExchangeOn Monday, the U.S.-based Binance trading platform Binance US has been served with a lawsuit that accuses the company of selling unregistered securities and misleading investors. The accusations derive from last month’s Terra UST de-pegging incident and the entire Terra Classic blockchain ecosystem getting obliterated.The class-action lawsuit was filed in California and the law firm behind the case is Roche Freedman LLP, the company that was involved in the Kleiman vs. Wright case and other well known crypto lawsuits.The lawsuit accuses Binance US of not being committed to its customers by not complying with U.S. federal and state securities laws when it listed terrausd (UST). The lawsuit claims UST was sold as a “safe” asset and as “an early supporter of [Terraform Labs], Binance US is intimately familiar with UST and LUNA.”The lawsuit shows an advertisement showing Binance offering locked staking on UST and it says “high yield, safe & happy earn.” Another advertisement shown in the lawsuit calls UST “fiat-backed.” The class action says that Binance US failed to disclose that “UST is in fact a security” and Binance “refused to register” with the U.S. Securities and Exchange Commission (SEC) as a “securities exchange or as a broker-dealer.”“Binance US’s failure to comply with the securities laws, and its false advertisements of UST, have led to disastrous consequences for Binance US’s customers in May 2022, in the span of just a few days, UST lost essentially all its value — a loss of approximately $18 billion,” the lawsuit alleges. According to the lawsuit, after the UST collapse Binance removed the false adverts but notes that Binance has not stopped selling Terra-based securities.The lawsuit states:
Binance US’s parent company blithely added insult to injury when, on May 31, 2022, it began selling Luna 2.0 — a new token which, just like LUNA, is centrally controlled by [Terraform Labs].
Web3 Witnessed Over $718,000,000 in Losses in Q2 This Year, According to Blockchain Security Firm
New data from a blockchain security company reveals that the Web 3.0 sector suffered hundreds of millions of dollars worth of losses in the second quarter of this year.
According to a new report by Beosin, Web 3.0 witnessed 48 major cyber attacks in Q2 with total losses of approximately $718.34 million.
New data from a blockchain security company reveals that the Web 3.0 sector suffered hundreds of millions of dollars worth of losses in the second quarter of this year.
According to a new report by Beosin, Web 3.0 witnessed 48 major cyber attacks in Q2 with total losses of approximately $718.34 million.
Forwarded from CryptoSoul
Get a free NFT land in the new metauniverse RIGHT NOW!
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
Friends, last year we were actively working on our metauniverse Crypto Soul World. And now, it's time to announce the imminent launch of this ambitious project! Right now you can buy CSW token on PancakeSwap early presale. In a month this token will be added to centralized exchanges like Kucoin and Huobi, and in December we plan a listing on Binance.
CSW is a metauniverse utility token with which you can buy NFT land and NFT characters in Crypto Soul World universe. Details about the universe itself are still under wraps, but we will be publishing a Lite Paper very soon.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the metauniverse launch.
When the universe is launched, each CSW token holder will receive an NFT plot of land at the rate of 10 000 tokens = 1 NFT! For example, if you buy and hold 50 000 CSW tokens, you will receive 5 NFT when the metauniverse is launched!
Hurry up, only 800,000 tokens are available for sale right now. Max 80 NFT plots will be distributed among all presale participants.
The metauniverse is scheduled to launch on September 1.
pancakeswap.finance
Exchange | PancakeSwap
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
FREE NFT GIVEAWAY!
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Less than a month remains before the public release of our metaverse Crypto Soul World. Upon release to centralized exchanges, the price of the CSW token will start at $0.5 per token. Now there is a presale of token on PancakeSwap exchange, only 800,000 tokens are sold now on special conditions for members of our community.
Everyone who buys 10,000 tokens on the PancakeSwap exchange and holds tokens by September 1 will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
pancakeswap.finance
Exchange | PancakeSwap
Trade, earn, and own crypto on the all-in-one multichain DEX
Forwarded from CryptoSoul
Get a piece of NFT land in the Crypto Soul World metaverse!
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Everyone who buys 10,000 tokens CSW on the PancakeSwap exchange and holds tokens till the 1st of September will receive 1 NFT value for every 10,000 tokens to their wallet.
Right now the price of a token is only $0.01 and continues to rise due to high demand.
1. Go to https://pancakeswap.finance/swap
2. Find a pair BNB/CSW (CSW contract address: 0xA62106602B7F0ced0101F497F60E5Ad7AAc3DCBE)
3. Swap 10 000 CSW tokens or more and hold it at your wallet until the project launch.
Pudgy Penguins NFT Collection Sees 400% Increase In The Depths of The NFT Bear Market
Pudgy Penguins’ NFT collection has seen its share of ups and downs since the release of its collection in June 2021. The NFT project holders ousted their founders back in January 2022 after they had allegedly failed to deliver on goals and drained most of the treasury funds. In April, earlier this year, the brand was sold to @LucaNetz, a Los Angeles entrepreneur and a Pudgy Penguin holder, for a staggering amount of 750 ETH, approx $2.5M. Since then, the collection has held a steady floor price.
According to data from Dune Analytics, the overall NFT market is at all-time lows, with Opensea trading the lowest volume in the last 12 months.
Pudgy Penguins’ NFT collection has seen its share of ups and downs since the release of its collection in June 2021. The NFT project holders ousted their founders back in January 2022 after they had allegedly failed to deliver on goals and drained most of the treasury funds. In April, earlier this year, the brand was sold to @LucaNetz, a Los Angeles entrepreneur and a Pudgy Penguin holder, for a staggering amount of 750 ETH, approx $2.5M. Since then, the collection has held a steady floor price.
According to data from Dune Analytics, the overall NFT market is at all-time lows, with Opensea trading the lowest volume in the last 12 months.
WEF Launches Crypto Sustainability Coalition to Leverage Web3 Technologies in Climate Change Battle
The World Economic Forum (WEF) has launched the Crypto Sustainability Coalition, an initiative dedicated to assessing the role of Web3 technologies in the fight against climate change. The organization, which is composed of 30 companies, educative groups, and other institutions, will research the impact of the energy consumption of these technologies, and how they can be used to aid the current decarbonization efforts.
WEF to Use Web3 to Fight Climate ChangeWeb3, a term that groups cryptocurrency and blockchain-based technologies, is currently in the spotlight of energy groups that seek to determine if the use of these technologies is pernicious for the environment. The World Economic Forum (WEF) has decided to take these technologies into account, launching an initiative to investigate if they can be useful to the current fight against climate change.
The initiative, which was announced on September 21, is called the Crypto Sustainability Coalition, and it is composed of 30 different companies, educative organizations, and other institutions interested in this issue. Among these are known cryptocurrency-linked projects, like Solana, Avalanche, Circle, NEAR Foundation, Ripple, and the Stellar Development Foundation, among others.
This coalition, as part of the Crypto Impact and Sustainability Accelerator, another bigger initiative launched this same year, will inquire about the different ways in which these companies can organize to help in this endeavor. Brynly Llyr, head of blockchain and digital assets of the World Economic Forum stated:
An important and unique aspect of Web3 is that it uses technology to support and reward direct community engagement and action. This means we can coordinate the work of many individuals directly with one another, enabling collective action without centralized control.
Different Study Areas and CriticismThis new initiative has already created different workgroups to investigate three key subjects related to crypto, blockchain, and their usage. One of these points has to do with the energy usage of these technologies, and how these can impact the climate and nature in the future.
Another of the key points has to do with how these Web3 technologies can change and be leveraged in order to decarbonize current activities. These applications might include mining and other decentralized activities.
The third subject has to do with standardizing and putting carbon credits in the blockchain, making the issuance and management of these instruments more transparent and trustable, and opening the doors for more people to participate in these markets.
The World Economic Forum (WEF) has launched the Crypto Sustainability Coalition, an initiative dedicated to assessing the role of Web3 technologies in the fight against climate change. The organization, which is composed of 30 companies, educative groups, and other institutions, will research the impact of the energy consumption of these technologies, and how they can be used to aid the current decarbonization efforts.
WEF to Use Web3 to Fight Climate ChangeWeb3, a term that groups cryptocurrency and blockchain-based technologies, is currently in the spotlight of energy groups that seek to determine if the use of these technologies is pernicious for the environment. The World Economic Forum (WEF) has decided to take these technologies into account, launching an initiative to investigate if they can be useful to the current fight against climate change.
The initiative, which was announced on September 21, is called the Crypto Sustainability Coalition, and it is composed of 30 different companies, educative organizations, and other institutions interested in this issue. Among these are known cryptocurrency-linked projects, like Solana, Avalanche, Circle, NEAR Foundation, Ripple, and the Stellar Development Foundation, among others.
This coalition, as part of the Crypto Impact and Sustainability Accelerator, another bigger initiative launched this same year, will inquire about the different ways in which these companies can organize to help in this endeavor. Brynly Llyr, head of blockchain and digital assets of the World Economic Forum stated:
An important and unique aspect of Web3 is that it uses technology to support and reward direct community engagement and action. This means we can coordinate the work of many individuals directly with one another, enabling collective action without centralized control.
Different Study Areas and CriticismThis new initiative has already created different workgroups to investigate three key subjects related to crypto, blockchain, and their usage. One of these points has to do with the energy usage of these technologies, and how these can impact the climate and nature in the future.
Another of the key points has to do with how these Web3 technologies can change and be leveraged in order to decarbonize current activities. These applications might include mining and other decentralized activities.
The third subject has to do with standardizing and putting carbon credits in the blockchain, making the issuance and management of these instruments more transparent and trustable, and opening the doors for more people to participate in these markets.
ConsenSys Debuts MetaMask Grants DAO, Funds Program With $2.4 Million For Web3 Growth
Summary:
Blockchain tool developer ConsenSys launched an employee-led program dubbed MetaMask Grants DAO.The initiative hopes to support decentralized and aid developers who are building key solutions for the web3 economy.ConsenSys backs its grants DAO with $2.4 million in funding per year.The program marks a milestone for the company as MetaMask was built with grant funding back in 2016.ConsenSys has announced MetaMask Grants DAO, a decentralized autonomous organization focused on supporting web3 developers, according to a statement shared with EthereumWorldNews.
The grants DAO unveiled on Thursday will target non-ConsenSys developers interested in expanding the MetaMask experience and ecosystem. Per today’s release, the blockchain infrastructure developer funded the program with a $2.4 million annual budget. The budget is spread across each quarter, making $600,000 in funding available every three months.
Summary:
Blockchain tool developer ConsenSys launched an employee-led program dubbed MetaMask Grants DAO.The initiative hopes to support decentralized and aid developers who are building key solutions for the web3 economy.ConsenSys backs its grants DAO with $2.4 million in funding per year.The program marks a milestone for the company as MetaMask was built with grant funding back in 2016.ConsenSys has announced MetaMask Grants DAO, a decentralized autonomous organization focused on supporting web3 developers, according to a statement shared with EthereumWorldNews.
The grants DAO unveiled on Thursday will target non-ConsenSys developers interested in expanding the MetaMask experience and ecosystem. Per today’s release, the blockchain infrastructure developer funded the program with a $2.4 million annual budget. The budget is spread across each quarter, making $600,000 in funding available every three months.
Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid
On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining operations are flexible operations that can be beneficial to the Texas grid during the upcoming winter and extreme peak load times.
ERCOT Report Says Texas Bitcoin Mining Facilities Can Curtail Operations and Relieve 1.7 GW of Energy This WinterThe American organization that operates Texas’s electrical grid, ERCOT, has published a study that shows bitcoin mining operations are instrumental in direct response systems. The report’s researchers studied the installed generation capacity based on historical data and extreme peak load scenarios. The report indicates that bitcoin mining operations are able to curtail their operations and relieve roughly 1.7 gigawatts (GW) of energy during the Texas winter.
Other systems that leverage large electrical loads are unable to adjust to direct response needs but bitcoin miners, on the other hand, are also known to shut down operations when they reach breakeven price levels between bitcoin’s spot price and cost of production. “This breakeven cost was estimated at $86/MWh and is based on the economics of an Antminer S19 bitcoin mining rig as of early November,” ERCOT’s study details.
On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining operations are flexible operations that can be beneficial to the Texas grid during the upcoming winter and extreme peak load times.
ERCOT Report Says Texas Bitcoin Mining Facilities Can Curtail Operations and Relieve 1.7 GW of Energy This WinterThe American organization that operates Texas’s electrical grid, ERCOT, has published a study that shows bitcoin mining operations are instrumental in direct response systems. The report’s researchers studied the installed generation capacity based on historical data and extreme peak load scenarios. The report indicates that bitcoin mining operations are able to curtail their operations and relieve roughly 1.7 gigawatts (GW) of energy during the Texas winter.
Other systems that leverage large electrical loads are unable to adjust to direct response needs but bitcoin miners, on the other hand, are also known to shut down operations when they reach breakeven price levels between bitcoin’s spot price and cost of production. “This breakeven cost was estimated at $86/MWh and is based on the economics of an Antminer S19 bitcoin mining rig as of early November,” ERCOT’s study details.
Web3 Crypto Onboarding Platform Transak Integrates With Coinbase Wallet
According to Transak, users of the Coinbase self-custody wallet in South East Asia can now use its Web3 onboarding platform “as a fiat on-ramp to buy crypto.” Transak’s integration with the Coinbase wallet is coming at a time when more users are becoming “aware of the importance of keeping their assets safe, secure, and in their control.”
Overcoming Barriers to Non-Custodial WalletsTransak, a Web3 onboarding infrastructure provider, recently said that users of the Coinbase wallet can now use its platform “as a fiat on-ramp to buy crypto.” According to a statement, the integration “eases [the] onboarding” of users in Southeast Asian countries like Thailand and the Philippines.
As per a Nov. 29 statement, the Coinbase wallet integration announcement followed Transak’s reported recent addition of local payment methods that enable users in the two countries to overcome barriers to non-custodial wallets.
According to Transak, users of the Coinbase self-custody wallet in South East Asia can now use its Web3 onboarding platform “as a fiat on-ramp to buy crypto.” Transak’s integration with the Coinbase wallet is coming at a time when more users are becoming “aware of the importance of keeping their assets safe, secure, and in their control.”
Overcoming Barriers to Non-Custodial WalletsTransak, a Web3 onboarding infrastructure provider, recently said that users of the Coinbase wallet can now use its platform “as a fiat on-ramp to buy crypto.” According to a statement, the integration “eases [the] onboarding” of users in Southeast Asian countries like Thailand and the Philippines.
As per a Nov. 29 statement, the Coinbase wallet integration announcement followed Transak’s reported recent addition of local payment methods that enable users in the two countries to overcome barriers to non-custodial wallets.
REGENT COIN (REGENT) Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, Jan 4, 2023 – LBank Exchange, a global digital asset trading platform, has listed REGENT COIN (REGENT) on January 4, 2023. For all users of LBank Exchange, the REGENT/USDT trading pair is now officially available for trading.
Encompassing the entire crypto universe in one circle, Regent has simplified the whole utility token scenario for all users with its safe transactions, faster processing, all time availability, and worldwide usage. The REGENT COIN (REGENT) utility token has been listed on LBank Exchange at 13:00 UTC on January 4, 2023, to further expand its global reach and help it achieve its vision.
INTERNET CITY, DUBAI, Jan 4, 2023 – LBank Exchange, a global digital asset trading platform, has listed REGENT COIN (REGENT) on January 4, 2023. For all users of LBank Exchange, the REGENT/USDT trading pair is now officially available for trading.
Encompassing the entire crypto universe in one circle, Regent has simplified the whole utility token scenario for all users with its safe transactions, faster processing, all time availability, and worldwide usage. The REGENT COIN (REGENT) utility token has been listed on LBank Exchange at 13:00 UTC on January 4, 2023, to further expand its global reach and help it achieve its vision.