What is ENS (Ethereum Name Service) and how does it work?
ENS allows for a readable username that is portable across dApps and blockchains. Why is it important for the Web 3.0 world? Forkast.News explains.
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OpenSea’s Wall Street waltz disappoints NFT devotees
OpenSea IPO plans in choppy waters. Crypto markets crumble. Bitcoin mining power struggles.
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Gaming giant Ubisoft launches in-game NFTs on Tezos
Gaming giant Ubisoft is launching Ubisoft Quartz, a new platform for players to obtain what it calls “Digits” — essentially non-fungible tokens (NFTs) playable in a mainstream game — according to a company statement. Fast facts The first such NFT will appear in beta with Tom Clancy’s “Ghost Recon Breakpoint” on Ubisoft Connect for Windows…
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Australia announces biggest overhaul to payments in 25 years — eyes now set on crypto
As part of a broader attempt to address Australia’s payments industry, the government offers a roadmap to where crypto regulation can lead in 2022.
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Iceland turns away new crypto miners amid power shortage: report
Iceland, which is suffering from a power shortage, is reducing electricity to some industrial clients and turning away new requests for power from cryptocurrency miners, reported Bloomberg, citing a statement from national power company Landsvirkjun. Fast facts The Nordic island nation is now reducing power supply for heavy consumers, including aluminum smelters, data centers and…
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Blockchain investigation firm TRM Labs raises $60M led by Tiger Global
Blockchain intelligence firm TRM Labs has raised US$60 million in a Series B funding round led by investment firm Tiger Global, the company announced on Tuesday. Fast facts Also participating in the financing round were American Express’ Amex Ventures, Visa, B Capital Group, Citi Ventures, DRW Venture Capital, Blockchain Capital, Jump Capital, Marshall Wace, Block…
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How crypto ETFs can open doors for traditional finance to enter DeFi
Crypto ETFs make it easy to invest in digital assets without the complexities, writes Kevin Tai of Linear Finance. Imagine what a crypto index can do.
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Nexo and Fidelity Digital Assets expand institutional lending services
Nexo, a globally regulated crypto-collateralized credit provider, has announced a partnership with Fidelity Digital Assets, an execution and custody services provider, to establish a platform to provide institutional access to digital assets with custodial and lending services, according to a news release shared with Forkast.News. Fast facts The partnership will allow Nexo to establish an…
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Manny Pacquiao launches esports team in midst of presidential campaign
‘Team Pacquiao GG’ may be coming soon to League of Legends and Axie Infinity. But whatever happened to the former pro boxer’s Pac token?
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BIS: DeFi has few real-economy uses, says ‘decentralization is an illusion’
With suitable regulation in place, DeFi could yet play an important role in the financial system, BIS suggests.