Chairman of the Federal Reserve Jerome Powell has come out to say that the United States government has no intention of mimicking China’s crackdown on cryptocurrencies. Powell confirmed the stance of the government during a Thursday hearing held by the House Committee on Financial Services. He responded to a
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Prior to the advent of blockchain technology, everything was done through centralized servers owned by a single organization or company. However, with the coming of blockchain, the concept of decentralization has now become a thing, and it keeps getting better. The world is gradually moving towards the era of Web
Legendary video game maker Will Wright will be debiting a new game that explores blockchain technology and his experience with non-fungible tokens (NFTs). Wright will be launching the new game named “Proxi” more than a decade after releasing his last video game project “Spore” in 2008. The game maker also
The New Zealand Central Bank (RBNZ) has turned to the general public for its take on a possible CBDC. It issued a series of documents that explains its view of the high-level policy opportunities and challenges of issuing a central bank-backed digital currency (CBDC). Instead of emphasizing the design details,
American comic book company DC Comics is the latest to join the NFT frenzy, announcing on Sept. 29 that it would partner with Palm NFT Studio to release its first set of non-fungible tokens. The NFTs will be released on October 5 as appreciation to those who registered for the
Ethereum based play-to-earn NFT game Axie Infinity has launched a staking program for its native token Axie Infinity Shards (AXS). According to the Sept. 30 announcement, holders of the AXS token can begin staking their digital assets, even though the rewards will be activated in 24 hours to ensure that
The value of the Eternal Beings NFT has taken a plunge after a promotional tweet posted by affiliate celebrity rapper Lil Uzi Vert was deleted. Eternal Beings is a Solana-based NFT project that features 11,111 computer-generated alien avatar NFTs with characteristics (like hair, tattoos, and fashion style) that resemble
Argentina’s most popular soccer team, Boca Juniors, is looking to jump on the NFT frenzy and is liaising with multiple companies to study their proposals for creating virtual communities powered by NFTs. There are many ways to utilize NFTs in sports, and perhaps one of the most popular approaches
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Blockchain gaming has been making waves in the crypto and blockchain space, and anyone and everyone can make money from the game. According to a report on the Financial Express, crypto gaming has become the new way to make money. The report also highlighted that the global gaming market is
Social media giant Twitter has given a sneak peek into an in-development tool that will allow its users to set crypto collectibles (verified NFTs) as their profile picture. Senior software engineer at Twitter, Mada Aflak, shared footage showing features that allow users to add non-fungible tokens (NFTs) to their accounts.
On Tuesday, China-based Ethereum mining pool BeePool announced that it would be shutting down by October 15. The firm, which is the fourth-largest Ethereum mining pool in terms of hash rate, made the decision in "response to the latest regulatory policies." Recall that the Chinese government took its
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The world is constantly evolving, leaving us with no choice but to keep evolving within it, developing our skills, and getting new experiences. In the last several years, humanity has been undergoing tremendous changes connected with technological advancement and social circumstances. The digital world has been taking over our lives,
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AI has been around for a long time even if you don’t notice it. The posts you see every day are chosen by AI, every UBER route is calculated by AI after processing hundreds of traffic parameters, not to mention self-driving cars designed by Tesla and other industry-leading companies.
Blockchain-based global payments network, Ripple, is looking to bring NFT exposure to the XRP Ledger following the launch of its $250 million "creator fund" on Wednesday. The fund is aimed at supporting non-fungible token (NFT) projects on the XRP Ledger. It also seeks to provide NFT artists and
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Phaeton, a blockchain-cantered service company that offers sustainable investment options, launched its IEO on September 18. Within 24-hours of the IEO, the project raised $1.5 million US dollars indicating a considerable demand in such a new blockchain technology service firm. Phase 1 of Phaeton’s IEO is currently live
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Software developer Gavin Andresen has dropped an epic prediction suggesting that Bitcoin could either rise to $6 million per coin or crash to zero. In a recent blog post, Andresen suggested that Bitcoin could reach a price of $6 million per coin by 2061 before it meets its end. He