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” WEF 2022: SWIFT probably won’t exist in 5 years, says Mastercard CEO “ Mastercard CEO Michael Miebach said on Tuesday that he does not expect SWIFT, one of the most widely used platforms for cross-border fiat transactions, to exist in five years’ time. Miebach was speaking at a panel session on central bank digital…
” WEF 2022: Metaverse should be developed from children’s perspective, says LEGO VP “ Metaverse and Web3 dominated the discussions on the fifth day of the ongoing World Economic Forum (WEF). A panel discussion on “The Possibilities of the Metaverse” was joined by High Fidelity co-founder Philip Rosedale, Mindfire Foundation founder Pascal Kaufmann, Magic Leap…
” Injective partners with Wormhole to bring 10 new blockchains to the platform “ Decentralized finance (DeFi) protocol Injective (INJ) has partnered with Wormhole to integrate “10 new blockchains” to its network. Injective is a Cosmos layer-2 decentralized exchange (DEX) that offers derivatives, token swaps and sports betting prediction markets. It is also focused on…
” Ethereum Beacon Chain experiences 7 block reorg: What’s going on? “ Ahead of the Merge tentatively penciled in for August, Ethereum’s Beacon Chain experienced a seven-block reorganization (reorg) yesterday. According to data from Beacon Scan, on May 25 seven blocks from number 3,887,075 to 3,887,081 were knocked out of the Beacon Chain between 08:55:23…
” Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund “ Crypto prices have been exploring new lows for weeks and currently it’s unclear what it will take to reverse the trend. Despite the downtrend, cryptocurrencies within the Polkadot ecosystem began to rally on May 24 and have managed to maintain gains…
” Andreessen Horowitz closes $4.5 billion crypto fund amid market turmoil “ Even though crypto markets appear to be on a long, arduous path ahead based on recent weeks of token turmoil, venture investors looking to get their hands on a Web3 future aren’t slowing down. On Wednesday, venture capital giant, A16Z, announced closing its…
” Tax guidelines for crypto mining pass the first reading in Kazakhstan “ Kazakhstan, one of the global leaders in crypto mining with a recent history of hostile measures against the industry, is taking a step toward a comprehensive fiscal framework for mining operators. On Thursday, May 25, the lower chamber of Kazakh parliament, Mejlis,…
” Cryptopedia: Learn the concepts behind stablecoins and how they work “ Cointelegraph’s director of video production Jackson DuMont dissected stablecoins in the latest episode of Cryptopedia. DuMont also explored and explained algorithmic stablecoins and the recent incident involving the TerraUSD (UST) and why it was unable to maintain its dollar peg. DuMont defined stablecoins…
” Ideas vs. practice: How are regulators working together on crypto? “ The regulation of cryptocurrencies across the world is a constant battle for investors in a rapidly expanding and constantly changing ecosystem. Various regulatory agencies around the world view digital assets in a different light that vary significantly from one another. Recently, executive board…
” WEF 2022: NFT custody is ‘the missing piece’ for mainstream adoption, says Veritic CEO “ On day four of the World Economic Forum 2022, presentations on nonfungible tokens (NFTs) have taken place with speakers sharing their takes on NFT use cases and adoption. At the Blockchain Hub Davos, speakers Veritic CEO Stephan Holzer and…