BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
The X.LA Metaverse Revealed In Detail
X.LA Foundation executive Aleksey Savchenko has revealed details of the eagerly anticipated X.LA Metaverse. Before an expectant crowd at Gamescom in Cologne, Germany, Savchenko promised an immersive experience, delineating a vision backed by technology that will shape the way people interact well into the next century.
Shardeum Seeking to Raise $20m-$30M Seed Fund at $200m Valuation
Nischal Shetty, the co-founder of Indian cryptocurrency exchange WazirX, is seeking a $20 million to $30 million funding round for his blockchain startup Shardeum at a $200 million valuation.
NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis
Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote.
Crypto.com Plans Multi-million dollar Renovation of Staples Center
Singapore-based crypto exchange Crypto.com plans to renovate a series of updates to its iconic arena, the Staples Center, including renovations of giant screens and concession stands, and a terrace overlooking downtown Los Angeles.
Hidden Road Partners in Big Talks With Top Firms to Provide Access to Trade or Hedge Crypto Risks
Hidden Road Partners is in talks with hedge funds and many of the top 20 global banks about providing access to trade or hedging their crypto risks, Bloomberg reported citing executives at the firm.
Tencent Receives Patent for Tracing Missing Individuals by Using Blockchain Technology
Chinese tech giant Tencent has revealed that it has been granted a patent for person-seeking notices by using blockchain technology. Its purpose is to boost the search for missing person efficiency.
Telegram Mulling to Launch Marketplace for NFT-Like Smart Contracts
Telegram is considering introducing a new marketplace to allow users to transfer usernames via "NFT-like smart contracts," founder Pavel Durov announced.
Correlation Between Performance of Equity Markets and Crypto Assets in Asia Increased: the IMF
The International Monetary Fund said that the returns and volatility correlations between Bitcoin and Asian equity markets have increased significantly since 2020, before the pandemic.
BTC's Average Transaction Fee Drops below $1 for the First Time within 2 Years
The average transaction fee for Bitcoin fell below $1 due to falling market prices and lower mining difficulty.
Australia Announces 'Token Swap' Campaign to Accelerate Crypto Regulation
Australian federal government will implement a “token mapping” exercise to inform future regulation of the country’s crypto assets, laying the groundwork for “determining how crypto assets and related services should be regulated.”