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“# FSB wants more data to measure risks of Bitcoin, stablecoins, DeFi ” The Financial Stability Board (FSB), a global financial authority funded by the Bank for International Settlements, has released a new report on the financial stability risks associated with cryptocurrencies. Published on Wednesday, the 30-page study details a number of financial risks related…
“# ‘$1T opportunity’: JPMorgan becomes first major bank in the Metaverse ” The largest bank in the US, JPMorgan, has taken a massive step into the Metaverse, opening a virtual lounge in the popular blockchain-based world Decentraland after it labelled the sector as a “$1 trillion opportunity.” Visitors to the lounge, situated in Decentraland’s Metajuku…
“# CryptoPunks community reacts to the ongoing copyright battle between v1 and v2 ” During its initial release, 10,000 CryptoPunks were sold and made it to the secondary market before users discovered a critical smart contract exploit that made it possible for Punks’ buyers to withdraw their Ether (ETH) post-purchase. As a result, creator Larva…
“# Monero community concerned as leading mining pool nears 51% of ecosystem’s total hash rate ” On Tuesday, privacy coin Monero (XMR) mining pool MineXMR’s hash rate surpassed over 1.4 GH/s, accounting for 44% of the hash rate of the XMR network. MineXMR has about 13,000 miners and charges a 1% pool fee. According to…
“# What are the top metaverse projects besides The Sandbox and Decentraland? | Watch The Market Report live ” This week on “The Market Report,” we jump right into our main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth, Sam Bourgi and Ornella Hernández as they debate each other on the top metaverse projects on…
“# Climate-focused Hyphen aims to hold companies accountable for eco-data reporting ” As concerns for environmental impact rose, the market started to require a framework that allows projects to showcase their ecological implications accurately. Because of this, climate-focused data tracking project Hyphen has found a market gap that it’s very eager to fill. With the…
“# Mastercard expands consulting with crypto-dedicated practices ” Continuing its goal to pursue a spot within the crypto industry, Mastercard recently announced that the firm is expanding its consulting business with practices that are dedicated to crypto. In the announcement, Mastercard’s data & services president Raj Seshadri says that the financial institution will continue to…
“# Binance Smart Chain and Binance Chain become BNB Chain ” Decentralized blockchain ecosystem Binance Smart Chain (BSC) announced on Tuesday that the Binance Chain and Binance Smart Chain are uniting under a new name, BNB Chain, in a bid to reflect their connection with the native token of the ecosystem Binance Coin (BNB). According…
“# Blockchain platform Axelar establishes unicorn status, mainnet launch impending ” The Axelar Network has announced the completion of a $35 million Series B funding round, pushing its market value above $1 billion. Participants of the round include Dragonfly Capital, Polychain Capital and North Island Ventures, among others. The raise succeeds a previously undisclosed round…
“# Chingari integrates native token to advance Web3 social networking ” Indian social networking platform Chingari has announced ambitions to revolutionize the experience of its 100 million-user creator economy through the integration of native digital asset, $GARI, and accompanying cryptocurrency wallet via the Solana blockchain. Translating into the word ‘Spark’ in the languages of Urdu…