Blockchain news

Miami and New York City coins tank despite Mayoral endorsements

“People will stop mining the coin if they can’t make money off of it,” according to Michael Bloomberg, who referred to the two previously hyped city coins. 1879 Total views 48 Total shares Despite being publicly endorsed by the respective mayors of both cities, MiamiCoin (MIA) and NewYorkCityCoin (NYC) have plunged 90% and 80% since […]

Read More
Blockchain news

Do Kwon proposes Terra hard fork to save ecosystem

Terraform Labs will put the proposal up for a governance vote on May 18 Asia time. 24403 Total views 143 Total shares On Monday, Do Kwon, co-founder of the troubled Terra Luna blockchain, announced a revised plan to restore the ecosystem after a combination of significant market volatility and inherent protocol design flaws wiped out […]

Read More
Blockchain news

The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures

B3, the Brazilian Stock Exchange, confirmed that within six months it intends to launch its first official product aimed at the cryptocurrency market — Bitcoin (BTC) futures trading. The group’s chief financial officer, André Milanez, made the announcement during a conference call on Monday. Milanez did not provide many details on how the product will […]

Read More
Blockchain news

Polygon and others extend helping hand to Terra blockchain projects

These efforts are sure to help get many Terra projects back on their feet following last week’s devastating events. 10451 Total views 94 Total shares Numerous developers have been left in uncertainty in the aftermath of the Terra (LUNA) collapse. These Terra-based projects, which are already under a lot of pressure, may be able to […]

Read More
Blockchain news

Deus Finance’s dollar-pegged stablecoin DEI falls below 60 cents

Following the fall of TerraUSD, DEI, the algorithmic stablecoin by DEUS Finance, takes a nosedive below $0.60. 7267 Total views 56 Total shares As the market continues to mourn over losses on the Terra (LUNA) UST and LUNA debacle, DEI, a stablecoin used as a collateral mechanism for third-party instruments built on the Fantom (FTM)-based […]

Read More
Blockchain news

CBDC activity heats up, but few projects move beyond pilot stage

Government-issued electronic currency seems to be an idea whose time has come.  “More than half of the world’s central banks are now developing digital currencies or running concrete experiments on them,” reported the Bank for International Settlements, or BIS, in early May — something that would have been unthinkable only a few years ago. The […]

Read More
Blockchain news

Square Enix plans to issue tokens and invest heavily in Web3 gaming

The major game developer is reshaping its business strategy to include a more robust NFT ecosystem by investing in blockchain gaming infrastructure. 8300 Total views 38 Total shares Gaming giant Square Enix has revealed in its Q1 earnings report that it will expand nonfungible tokens (NFTs) into more game products as part of its medium-term […]

Read More
Blockchain news

Buterin: Terra should protect the smallholders, not the whales

Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra project should prioritize small hodlers as part of any proposed reimbursement plan. As widely reported, the Terra eco-system suffered a death spiral around May 9 that resulted in LUNA tanking 100% and the TerraUSD (UST) stablecoin losing its United States dollar peg, priced at $0.16 at time […]

Read More
Blockchain news

How the Metaverse could impact the lives of kids

The Metaverse is a virtual environment where people can carry out various tasks. The term “metaverse” was a term originally coined by science fiction writer Neal Stephenson in his influential 1992 novel Snow Crash to represent a virtual reality environment connected through the internet and accessible from any device such as a computer or smartphone […]

Read More
Blockchain news

Welcome to Mars: I own everything, have total privacy, and life has never been better

This is a parody of the article published by the World Economic Forum titled “Welcome to 2030. I Own Nothing, Have No Privacy And Life Has Never Been Better.” Welcome to Mars. Welcome to my city, or should I say “our city” because I, like every other inhabitant, am a stakeholder in it. No, I […]

Read More