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In a significant development for the cryptocurrency and investment sectors, Anthony Pompliano’s special purpose acquisition company (SPAC) witnessed a commendable 7% rise following its Nasdaq debut. The uptick highlights increased investor interest amid a surge of enthusiasm in blockchain and digital currencies. Impressive Debut and Market Dynamics The SPAC, cleverly named Pomp Investments Corp I, [...]
In a significant move to expand its cryptocurrency offering, global asset manager VanEck has announced the launch of the VanEck Avalanche RWA Ecosystem Fund. This innovative initiative is designed to invest in projects built on the Avalanche blockchain, underscoring the increasing interest in blockchain technologies and their applications beyond mere cryptocurrency transactions. Exploring the Avalanche [...]
Worldcoin Foundation open sources a secure multi-party computation (SMPC) system to enhance biometric data protection and confirmed that users can now securely delete old iris codes.
The convergence of ZK-proofs and decentralized identity systems could create more compliant privacy-preserving protocols, without sacrificing user privacy.
Pakistan has put forth a new proposal for a crypto regulatory framework that focuses on compliance, according to a recent report. The proposal aims to address the growing concerns surrounding the cryptocurrency market in the country. This regulatory framework emphasizes the importance of adhering to regulations to ensure a safe and secure environment for investors [...]
The post Breaking News: Pakistan Introduces Compliance-Focused Crypto Regulation in New Proposal appeared first on Crypto Breaking News.
FLOKI price surged by 10% on Sunday before slightly pulling back before the end of the day. The price however started Monday with a 2% surge. FLOKI is trending as traders and investors bet on it amid a China-focused push for its Valhalla metaverse game. Along with the price, the FLOKI’s trading volume also jumped …
<p>The post Focus shifts to Floki amid China-focused push for its Valhalla metaverse game first appeared on CCNC | Cryptocurrency Newscast.</p>
Roughly three months ago, 74 AI-driven digital currencies boasted a market value exceeding $4 billion. However, since that time, the AI-centric crypto market has experienced a loss of more than $1 billion in value. The Decline in AI-Driven Cryptocurrencies: $1 Billion Wiped Out From Market At the start of the year, products incorporating artificial intelligence [...]
The post AI-Centric Crypto Market Loses Over $1 Billion in Value in 90 Days appeared first on Crypto Breaking News.
On May 24, Binance CEO Changpeng Zhao, also known as CZ, shared through Twitter that “Chinese speaking communities are buzzing” following a news broadcast by state-operated media network China Central Television (CCTV) regarding Hong Kong’s latest cryptocurrency-focused regulatory policy. CCTV’s Coverage of Hong Kong’s Crypto Regulations Sparks Excitement, Says Binance CEO; Nanxin University Launches Metaverse
The post Binance CEO Claims Chinese Communities Are ‘Buzzing’ After CCTV Airs Crypto Segment appeared first on BTC Ethereum Crypto Currency Blog.
Renowned crypto entrepreneur Balaji Srinivasan has voiced concerns that tech giants can access and retrieve private keys from devices and apps under their control.
CryptoUnity is working on a beginner-focused crypto exchange that has a user-friendly interface and comprehensive educational resources to bridge the gap for beginners in the cryptocurrency space. The project aims at simplifying the crypto involvement process which can be otherwise overwhelming and complicated for those just starting out. The startup’s mission is to help beginners ...
<p>The post CryptoUnity has partnered with Lenovo for a beginner-focused crypto exchange | Invezz first appeared on CCNC.</p>
2022 was a chaotic year in crypto, with the collapse of FTX stealing the headlines. But there were also other developments beyond collapsing prices and fallen CEOs. We interviewed the Head of Strategy and Innovation at Celo, Nikhil Raghuveera, on one such development. Celo is a top 100 cryptocurrency with its unique factor being that ... Read more
<p>The post Interview with Celo, the carbon-negative cryptocurrency focused on smartphones | Invezz first appeared on CCNC.</p>
Hubble Protocol, the home of Solana’s premier stablecoin USDH, is laser-focused on Latin America. Hubble’s co-founder Marius Ciubotariu believes that Latin America provides a new growth base for stablecoins.
Stablecoins adoption in Latin America is already fast outpacing the rest of the world.
Why is Hubble Protocol focused on Latin America?It is a fact that many Latin American countries rely on remittances from abroad. According to IDB, in 2021 Latin America and the Caribbean received $127.6 billion in remittances, constituting a 26% annual growth and the highest in the past 20 years.
Now, besides the costs of the remittances being quite high, many in Latin America do not have access to banks. The World Bank estimates that more than 60% of Latin American adults do not have access to credit, checks and other banking tools leaving them vulnerable to sky-high exchange rates and fees for OTC transfers.
This creates a perfect opportunity for cryptocurrencies and decentralized stablecoins which address many of the remittance challenges.
Additionally, inflation is currently rampant in Latin America. According to Weforum, Latin American countries are facing the highest rates of inflation in 25 years. In Argentina, for example, the inflation rate has increased from 71% in July to 78.5% in August. Inflation is expected to worsen in 2023.
Venezuela, another Latin American country, is experiencing hyperinflation that is significantly elevated compared to its neighbouring countries.
Outlining his case, Marius said:
“Cryptocurrency in Latin America is alive and well. In fact, the region is poised to be the next biggest growth market for stablecoins – bigger than anything we have seen in the US to date. Latin America is currently facing unprecedented economic challenges, with record-breaking inflation posing an existential threat to many of its citizens. Many are reliant on remittances from abroad; however, these transfers attract high fees, particularly for the huge swathes of the region’s populace that remain unbanked. This situation is creating a perfect storm for decentralized stablecoins, which directly address many of these challenges and are being rapidly adopted in Latin America.”
Increased crypto transactions in Latin AmericaAccording to Mastercard’s New Payments Index 2022, 51% of consumers in South America used crypto assets to transact. This compares to a relatively lower rate of crypto adoption in developed countries.
According to Pew Research, only about 16% of Americans invest in, trade and use cryptocurrencies. A survey conducted by cryptocurrency exchange Gemini shows similar numbers in Australia and Europe.
With the widespread adoption of cryptocurrencies in Latin America, stablecoins are finding solid ground in Latin America.
Contrary to their prices being determined entirely by users, stablecoins are pegged to low-volatility assets making stablecoins less volatile than other cryptocurrencies.
According to Marius Ciubotari, all the above constitute an exciting development that Hubble Protocol is excited about and is increasingly exploring on the ground in the region.
The post Hubble Protocol laser-focused on Latin America, the new stablecoins’ growth base appeared first on Invezz.
A new Web3-focused venture capital firm launched by Polygon (MATIC/USD) co-founder Sandeep Nailwal and Cere Network co-founder Kenzi Wang, has raised $50 million from investors, positioning itself for a crucial role in Web 3 development via investments that empower the next breakthrough projects.
The venture capital, dubbed Symbolic Capital, said on Thursday it had raised the $50 million VC with backing from among others, VC platforms, cryptocurrency exchanges and vendors, and leading auditing firms.
Web3-focused fundThe fund targets supporting founders within the Web3 ecosystem, particularly those across emerging markets unable to secure funding from traditional VCs. The firm’s founders see this as one way of bringing to the masses applications that advance the adoption of Web3.
Specifically, the fund will invest in Web2 to Web3 applications projects seeking to solve real-world use cases powered by Web3. Other key areas will be in interoperability, zero knowledge (zk proofs) applications, NFT consumerisation (use beyond gaming and collectibles), the Metaverse and the creator economy.
Symbolic Capital has already made a few notable investments, according to details on its website. The firm’s portfolio currently counts disruptive blockchain technologies such as Binance-backed Blinkmoon, and play-to-earn game Planet Mojo.
Others are YGG Sea, crypto asset management solution Arcana and metaverse project Space Crypto.
The post Polygon founder raises $50 million for web3-focused fund appeared first on Invezz.
Bain Capital Ventures’ crypto fund is designed to accelerate the growth of the crypto economy by backing firms and projects that serve users’ needs. (Read More)
Learn more about The Secret Network’s privacy-focused smart contract platform in our “What Is Secret Network?” guide. COVERED: What is The Secret Network? Who Created The Secret Network? How It Works? What is SCRT Token? Concerns WHAT IS THE SECRET NETWORK? Secret Network is a blockchain network that has been built to enable privacy for […]
The post What is The Secret Network? appeared first on CryptosRus.
advertisement Pixel Vault, a decentralized crypto media group, announced Thursday that it raised $100 million in funding from the venture capital firms Velvet Sea Ventures and 01A. Pixel Vault intends to use the funding to help launch a multi-franchise non-fungible token platform for individuals to own digital content in movies, television, comics, video games and […]
Check out our “What Is Monero” guide to learn more about this incredibly private — and underrated — cryptocurrency. COVERED: What is Monero? Who created Monero? How It Works? What is XMR? Concerns WHAT IS MONERO? The majority of the blockchain networks in use today are transparent. What this means is that the identities of […]
The post What is Monero? appeared first on CryptosRus.
The popular messaging app Signal is introducing MobileCoin, its very own cryptocurrency, to deepen the brand’s ties to being a privacy-focused platform. Covered: Signal Crypto News How MobileCoin Works Roadblocks Ahead RECOMMENDED: PRIVACY IS SCARCE, BUT WILL IT PAY? Signal Cryptocurrency News In the spring of 2021, Signal announced that it would be rolling out […]
The post Signal Messager App To Unveil Its Very Own Cryptocurrency appeared first on CryptosRus.
Cross-chain DeFi protocol Sienna Network has enabled Bitcoin (BTC) and Monero (XMR) trading pairs on its decentralized exchange, giving users the ability to transact privately in two of the world’s most recognizable cryptocurrencies. Effective immediately, users of the privacy-focused SiennaSwap DEX will have the ability to trade BTC and XMR against the protocol’s native Sienna […]
The Lightning Development Kit is Spiral BTC’s latest offering to the community. And to the world. The LDK is “The simplest way to integrate Lightning into your Bitcoin wallet.” It’s free to use and it contains building blocks that anyone can merge with their product or application. The big news, however, is Jack Dorsey’s puppet. The company released this video to promote the Lightning Development Kit’s release. Is it hilarious or cringe? Opinions vary. One thing’s for sure, however, it captured the masses’ attention and got eyeballs on the Lightning Development Kit project. So, it definitely worked as a marketing tool and the Bitcoin community should cherish it. Even though the Spiral team says that the main layer is too slow, “sucks,” and it’s “painful to use.” Nothing could be further from the truth, layer one does perfectly what it needs to do. If you want speed and ease of use, just go up to layer two. That’s where the LDK lives. Related Reading | Jack Dorsey: Square Could Build Bitcoin Mining System What’s The Lightning Development Kit? The project’s documentation defines it as: “Lightning Development Kit (LDK) is a generic library which allows you to build a Lightning node without needing to worry about getting all of the Lightning state machine, routing, and on-chain punishment code (and other chain interactions) exactly correct. LDK tends to be suitable for use cases where a degree of customization is desired, e.g. your own chain sync, your own key management and/or your own storage/backup logic.” On the Lightning Development Kit’s introductory page, they promise the product was “designed from the ground up to be easily customized to your application needs.” Also, it’s “as lightweight as you need it to be and optimized to run on all embedded devices such as mobile phones, IoT devices, PoS terminals and more.” Plus, and this is very important, the use the Muun approach and help you create a single wallet experience. What does this mean? “No need to create separate Bitcoin & Lightning wallets, forcing users to backup an additional recovery phrase. Instead, we let you define your own wallet and create one unified experience.” What’s Spiral BTC And What Else Do They Do? The company used to be called Square Crypto. When Jack Dorsey abandoned Twitter to focus on other ventures, it change its name to Spiral BTC. The aim was to convey better what their mission is all about. “Bitcoin is the best money. It should be used like it. We build and fund free, open-source projects aimed at making bitcoin the planet’s preferred currency.” When all of this happened, our sister site Bitcoinist gave us the 411: “The year is almost at its close and as such companies have begun to make plans for the coming year. For Spiral, the year 2022 will be a year of expansion as it will be working on a number of projects in the new year. To do this, Spiral (formerly Square Crypto) plans to double the number of full-time developers in the coming year. Some of the projects the devs will be working on include the Lightning Development Kit (LDK), the Bitcoin Development Kit (BDK), the grant program, and the Bitcoin Design Guide and Community.“ That’s right, they sponsor the fantastic Bitcoin Design Guide and already released a Bitcoin Development Kit for those who wish to build on layer one. They also give grants to Bitcoin developers, designers, and great projects like BTCPay Server, Lightning Signer, The Eye of Satoshi, and the widely used Mempool. BTC price chart for 12/07/2021 on Gemini | Source: BTC/USD on TradingView.com Other Jack-Dorsey-Led Bitcoin Projects As soon as the rumor of Jack Dorsey leaving Twitter hit… well… Twitter, Bitcoinist ran a piece that praised his contributions to the space and speculated on what he would do next: “The allegedly soon-to-be former Twitter CEO is perhaps best compared to Hal Finney in terms of the positive impact he has had on the cryptocurrency ecosystem. Both of have famously tweeted about “Running Bitcoin,” and both are now names nearly as synonymous with the top ranked crypto asset as Satoshi Nakamoto themselves. Finney’s legacy has sadly ended, but could Dorsey’s truly just be at the very beginning in terms of what the business entrepreneur could bring to the overall Bitcoin ecosystem?” Related Reading | Is Hyperinflation Inevitable? Jack Dorsey Says It’ll “Change Everything” Before that, Jack Dorsey’s other Bitcoin-focused company, TBD announced its first big project. The tbDEX will be a decentralized exchange and liquidity protocol. When the company released the whitepaper, NewsBTC reported on it and described the project as: “The tbDEX aims “to build bridges between the fiat and cryptocurrency worlds,” that much is clear. We still live in a Fiat world and, if Bitcoin is going to succeed, we need new, simpler, and cheaper ways to interact with said world. “There are serious challenges to realizing this vision. Fiat rails are regulated, and no interface with either the traditional monetary system or “real world” can be completely trustless.” At the Bitcoin 2021 Conference, Jack Dorsey said “Bitcoin changes absolutely everything. I don’t think there is anything more important in my lifetime to work on”. And now, he’s laser-focused on it. Things are moving fast since he left Twitter. It wouldn’t surprise us if the tbDEX releases a working version soon. They didn’t announce any timeline, though. Only one thing’s for sure. When the decentralized exchange is ready for the world to see, TBD should use Jack Dorsey’s puppet to promote it. Feature Image: Screenshot from the promotional video | Charts by TradingView
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