Ethereum L2 EigenLayer is last of ‘life-changing airdrops,' experts say
Issues such as community discontent, farm accounts, and restrictive criteria have plagued recent airdrops.
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Ripple CEO: Only 1% of Today’s Cryptocurrencies Will Survive
As many as 99% of all cryptocurrencies will likely go to zero, according to a new prediction by Ripple CEO Brad Garlinghouse.There are too many crypto projects, says Garlinghouse In an interview with Bloomberg released Nov. 5, Garlinghouse claimed that there are too many cryptocurrencies so far, forecasting that only 1% of all crypto is here…
China declares stealing digital collections like NFTs liable for criminal theft sentence
The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data. 348 Total views 3 Total shares The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft
Kazakhstan on track for $700M crypto mining investment goal, says minister
A Kazakh minister claimed that there are already preliminary agreements on attracting more than $700 investment for cryptocurrency mining. According to the Digital Development Minister of Kazakhstan, Bagdat Mussin, the country is in negotiations regarding investments in its cryptocurrency mining sector amounting to 300 billion tenges ($714 million).Earlier in June, another Kazakh minister, while arguing…
CZ visits Palau to kick off BNB Chain-supported ID NFTs for digital residency program
The tiny country introduced its digital residency program at the beginning of the year in the hope that it will help to retain the youthful population and attract business and industry. 187 Total views 10 Total shares The Republic of Palau announced Friday that it will issue identification cards to its digital residents in the…
Indian Tech Firm Develops HyperLedger Blockchain App for Vehicle Inspection
SSI has built a blockchain app that aims to relieve car drivers and owners from paperwork associated with vehicle maintenance and inspection. 1870 Total views 39 Total shares Indian tech startup Smart Sight Innovation — or SSI — has developed an app designed to improve maintenance and inspection of vehicles.SSI built the mobile app for…
Swiss Crypto Banks Receive Licenses From Financial Regulator
The Swiss Financial Market Supervisory Authority (FINMA) has reportedly granted two banking and securities dealer licences to crypto-focused banks.Two Swiss crypto-specializing firms, Seba Crypto AG and Sygnum have received banking and securities dealer licenses, the banks said in separate statements on Aug. 26.With the new license, Seba expects to officially launch its new trading platform…
Tanzania reportedly makes plans to launch CBDC
The central bank has “already begun preparations” for a digital shilling, according to Bank of Tanzania Governor Florens Luoga. 677 Total views 32 Total shares The Bank of Tanzania is reportedly planning to introduce a central bank digital currency, or CBDC, for the African nation after neighboring countries announced similar initiatives.According to a Friday Bloomberg…
Crypto Exchange Binance Launches Eighth Phase of Its Lending Product
Cryptocurrency exchange Binance has announced the launch of the eighth phase of its lending product on Oct. 7.In this phase, Binance will start offering 14-day fixed-term lending products. The subscribers will be accepted on a first-come, first-served basis. The subscription period begins on Oct. 10 and ends on Nov. 10, while interest will be paid…