What decentralization can offer Web 3.0 and social media | Part 1
How blockchain technology can usher in the next stage of the internet and social media, through decentralized hosting and integration with cryptocurrency.
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World Economic Forum launches digital currency info resource
More than 85 members of the WEF Digital Currency Governance Consortium contributed eight white papers on CBDC and stablecoins.
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Top 8 crypto custody providers listed by Blockdata
Blockchain data company Blockdata has published a list of eight top crypto custody providers. The eight companies, selected based on their total funding and assets under custody (AUC), are Coinbase Custody, Bitgo, Fireblocks, Gemini Custody, Ledger Enterprise Solutions, Cactus Custody, NYDIG and Bitcoin Suisse. Fast facts A total of over US$253 billion worth of assets…
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South Korea’s great crypto mystery: What’s up with Upbit at 9 am?
Every morning at Upbit, the nation’s largest cryptocurrency exchange, a brief and odd surge in random altcoin prices takes place. Which crypto will it be tomorrow?
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Alibaba: 180-day wait for NFT buyers to resell to prevent hype
Alibaba’s blockchain branch Antchain has set a time threshold for transferring “digital collectibles” — non-fungible tokens, or NFTs — to prevent what it calls “malicious hype” amid Beijing’s unsupportive attitude towards NFT trading. Fast facts “Digital collectibles” refers to NFTs. Tech giants in China began referring to NFTs as “digital collectibles” amid Chinese state media’s…
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What is a DAO — and can it replace your employer?
Out of nowhere, a leaderless ‘flash mob’ of crypto investors pops up to buy a rare copy of the US Constitution. What are DAOs and how do they work? Forkast.News explains.
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Crypto exchange Gemini raises $400M for product and market expansion
Joining the slew of cryptocurrency exchanges that have completed investment rounds in recent months, New York-based cryptocurrency exchange Gemini this week announced the close of a US$400 million funding round led by Morgan Creek Digital, bringing the company’s valuation to US$7.1 billion. Fast facts Investors in the funding round — which was Gemini’s first-ever outside…
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IRS seized $3.5B in crypto in 2021, expects that number to grow in 2022
The U.S. Internal Revenue Service — the department responsible for collecting tax revenue — seized US$3.5 billion worth of cryptocurrencies during fiscal year 2021, accounting for 93% all assets seized by tax enforcement that year, according to the agency’s 2021 Criminal Investigation Report released Thursday. Fast facts An agency official said on a call with…
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ConstitutionDAO fails to win Sotheby’s auction
17,437 virtual strangers chipped in over $40 million to jointly buy a rare copy of the US Constitution. They lost their bid but now has everyone asking: What is a DAO?
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Polkadot DeFi hub Acala wins first Polkadot auction after collecting over 32M DOT
Acala, a decentralized finance (DeFi) platform built for the Polkadot ecosystem, this week won the first slot in the Polkadot parachain auction with over 32 million DOT (approximately US$1.3 billion) — the native cryptocurrency of Polkadot — contributed by over 81,000 stakeholders. Fast facts The highly-anticipated first Polkadot parachain auction saw a close fight between…