News

  • Pakistan Bans Crypto Again This Time Seriously?

    Recently, the State Bank of Pakistan (SBP) and the federal government decided to ban all cryptocurrencies. This is not the first ban. In April 2018, the SBP banned financial service providers from supporting and using virtual currency transactions, and banned domestic and international cryptocurrency-related payments and transfers. But Khyber Pakhtunkhwa passed a draft resolution in December 2020 to legalize cryptocurrencies and cryptocurrency mining. And, the Securities and Exchange Commission of Pakistan (SECP) has initiated the process of developing a regulatory framework for cryptocurrencies to govern the trading of digital financial assets…

    News 2022-01-14
  • The P2E economy will become the base layer protocol for games

    Player retention in games is everything. Still, traditional game publishers optimize company profits at the expense of player value and well-being. They are able to do this because they have end-to-end ownership and control over the development, distribution and management of the game. A good example is Electronic Arts (EA), a gaming company that has played a villain-like role in the gaming community as they put their microtransaction monetization model over the player experience. In 2017, EA released Star Wars: Battlefront 2, and players either had to play for 40 hours…

    2022-01-14 News
  • What are the applications of blockchain in Japan

    Japan is the third largest economy in the world, and its government and society have a positive attitude towards the development of blockchain and Crypto. Because the creator of the blockchain, Satoshi Nakamoto, is considered to be from Japan or a Japanese, so the Japanese society is generally friendly or even supportive of the blockchain. In terms of policy, Japan has passed the Payment Services Act (PSA) to recognize Crypto as legal property, while at the same time treating gains from transactions generated by Crypto as miscellaneous income and taxing investors…

    News 2022-01-14
  • The history of blockchain development

    In the course of nearly ten years of development, blockchain technology has brought a great impact on politics, economy and even culture. Melanie Swan divides the development stages of blockchain into blockchain 1.0, blockchain 2.0 and blockchain 3.0 eras according to the development of blockchain. Along these three eras, we can clearly see The present and future of blockchain. Blockchain 1.0 Era The birth of Bitcoin is a sign of the arrival of the blockchain 1.0 era. During this period, the development of blockchain technology was closely related to digital currency, and…

    2022-01-14
  • Conversation with U.S. House of Representatives: Discussing Crypto Policy, CBDC, and Modern Monetary Theory

    “Washington is secretly implementing MMT.” The U.S. House of Representatives has successively launched a number of cryptocurrency-related bills. Recently, CoinMetrics co-founder Nic Carter took this topic to talk to Rep. Tom Emmer from Minnesota. He is the co-chair of the Blockchain Caucus and one of the most active advocates of cryptocurrencies. The two sides will discuss topics such as crypto policy, CBDC and Modern Monetary Theory (MMT) in 2022 in an attempt to clarify the impact of cryptocurrencies on the existing world. Tom Emmer: A few years ago, I learned about a theory called…

    2022-01-14
  • The latest criminal risk notice for digital currency mining farms

    Since the 11th department implemented the “Notice on Rectifying Virtual Currency “Mining” Activities on September 24 last year, in addition to the administrative penalties imposed by various regulatory departments on individuals and enterprises that illegally mine, some criminals are suspected of committing crimes. Mining behavior has also entered the field of investigation agencies in various places, and it is not uncommon for inter-provincial arrests in recent days. For friends in the mining circle to fully understand the red line of their own behavior, Sister Sa team will share common crimes in domestic mines…

    News 2022-01-14
  • has sponsored the establishment of EVM+ working group to achieve EVM compatibility

    EOS is going to be compatible with EVM. On January 14, the EOS Network Foundation released an article revealing that at present, the EOS Network Foundation has sponsored six core working groups, and introduced the EVM+ working group in particular. The EVM+ working group aims to create the best solution for EOS to achieve EVM compatibility, and plans to achieve EVM compatibility by summer 2022. six core working groups They are: API+: Mainly responsible for providing data interfaces to help applications outside the EOS ecosystem better integrate the EOS network. Core+:…

    Ethereum News 2022-01-14
  • The application scenario covers food, clothing, housing, and the use of digital renminbi “really fragrant”

    “It’s very convenient to choose to pay by digital RMB. It only takes 2 seconds to check out easily!” Ms. Yang, who was shopping at a multi-point convenience store near Xuanwumen in Beijing, told reporters. Since the launch of digital renminbi pilots in Shenzhen and Suzhou at the end of 2019, the research and development and promotion of digital renminbi in my country in 2021 has pressed the accelerator button. While gradually flying into “ordinary people’s homes”, digital RMB pilot cities are gradually expanding, opening up experience to individual users, and…

    News 2022-01-14
  • Europe’s Third Way on Web3: Why the EU Should Embrace the Crypto World

    In this article, guest author Patrick Hansen from Unstoppable Finance discusses the EU’s struggle in the internet age. Between what Harvard University professor Shoshana Zuboff calls a model of surveillance capitalism (i.e. the accumulation and use of personal data for profit by private tech giants), the European Union (EU) has been working hard for years in technology and economic policy to seek “Article 3″ third way”. Despite many policy proposals and political speeches, the quest for greater digital sovereignty remains somewhat vague. Also, judging from the results of recent policies (such as…

    News 2022-01-14
  • WTF airdrop ate my gas fee and get it back for me

    WTF? Sorry, we’re not swearing. This is a project that is sending money. Within half an hour, the number of holding addresses has exceeded 5,000. As of now, the number of holding addresses has exceeded 10,000 within 2 hours of publishing. It is almost inevitable to log in to the head exchange. Not much to say, the operation manual offers: WTF Background Overview Project official website: https://fees.wtf/ The project was founded in 2019, and its main purpose is to show Ethereum users how much they spend on Ethereum transactions. Later, I strongly protested against…

    2022-01-14 News
  • Will DAOs create a Facebook value trap?

    Summarize On paper, the Meta platform appears to be a very attractive investment, but new threats to innovation from Facebook, Instagram, and WhatsApp could weigh on its long-term upside. DAOs (Decentralized Autonomous Organizations) are a compelling new type of institution that will continue to grow in utility and sophistication. This can challenge or even disrupt traditional models. Experimental social media projects have been programmed into cryptocurrency blockchains. These could one day liberate users from the data gardens they have limited (if any) property rights to. introduce Facebook’s revenue has more…

    News 2022-01-13
  • Why does Citadel Securities attract so much money after completing a new round of financing at a valuation of $22 billion?

    What is the business model of Citadel Securities, a world-renowned market maker? On January 11, according to the Wall Street Journal, the world-renowned market maker Citadel Securities completed a $1.15 billion financing at a valuation of $22 billion, led by Sequoia Capital and cryptocurrency investment firm Paradigm. Sequoia Capital partner Alfred Lin will also join the Citadel Securities board. This is the first external investment accepted by Citadel Securities, marking the birth of the world’s first super unicorn in 2022. The investment will fund the company’s continued global expansion and could be…

    News 2022-01-13
  • Coinbase: A Simple Guide to the Web3 Stack

    The industry has come up with many definitions for web3, but at Coinbase we generally think of web3 as a trustless , permissionless and decentralized internet utilizing blockchain technology . The defining characteristic of Web3 is ownership. The first iteration of the commercial internet (Web1) was read-only for most users, while Web2 allowed users to read and write on centralized platforms (Twitter, Facebook, YouTube, etc.) , and Web3 gave users control over their content. Full ownership, data and assets via blockchain. It enables users to read and write autonomously . Where a third party like Facebook owns your identity and data…

    2022-01-13 News
  • Understand the DAO of capital investment (A16z, Three Arrows Capital, SoftBank participated in the investment)

    DAO, which is in the limelight, has indeed attracted many investors recently, but it is very rare to be selected by large capital. So what kind of DAO can be favored by capital? We have selected two different types of DAOs that have been invested in by capital to interpret them for everyone. Pleasr DAO (Participated by A16z) The Pleasr DAO is a collective of DeFi leaders, early NFT collectors and digital artists who have built a strong reputation for charitably acquiring works of cultural significance. Launched in March 2021, the…

    2022-01-13 News
  • In-depth understanding of the profit sharing community PSC

    A revolution has begun. One of the major changes we are witnessing now is the shift from the Web 2 structure to the Web 3 structure. At the heart of Web 3 is decentralization. This is the premise for innovation to gain momentum. One big change coming is the way companies, organizations and small startups are likely to operate and conduct business. The era of Profit Sharing Communities is coming. profit sharing community Profit Sharing Community (PSC) is like any other company except it is decentralized, open source and built on Permaweb using smart…

    News 2022-01-13
  • Income Diversification Is Coinbase An Attractive Long-Term Investment?

    On January 13, Coinbase announced in a blog post that it was acquiring the crypto derivatives exchange FairX, which is said to be regulated by the U.S. Commodity Futures Commission (CFTC). Coinbase said the acquisition is a key step in its offering of crypto derivatives to U.S. retail and institutional clients. After the acquisition, Coinbase said it plans to first provide derivatives trading capabilities to FairX’s existing partner ecosystem, and then leverage FairX’s infrastructure to provide crypto derivatives to all Coinbase customers in the United States. It is reported that the acquisition…

    News 2022-01-13
  • Interpretation of Polkadot’s 10 major misunderstandings: inflation is too high, cross-chain is pseudo demand, economic model is not good enough

    background In 2016, after Gavin Wood left Ethereum, he wrote the Polkadot white paper. After a long period of research and development and exploration, the cross-chain project Polkadot finally ushered in its historic moment. In November 2020, Polkadot’s parachain officially opened the auction. The successful launch of the first round of 5 parachains means that With Polkadot completing the start-up phase. After five years, Polkadot finally confirmed the vision outlined in the 2016 white paper. Unlike the large-scale Ethereum, Polkadot’s development process is relatively slow, and there are indeed many users and…

    Polkadot News 2022-01-13
  • Explain in detail the technical characteristics and development status of the popular public chain NEAR

    Ethereum is undoubtedly the most used smart contract platform in the entire blockchain ecosystem. However, its scaling issues have paved the way for the development of other blockchains, all of which aim to achieve the same goal: serve the needs of the masses while remaining trustless, immutable, permissionless, transparent and censorship resistant and other characteristics. The problem is that many platforms don’t have as many developers, users, and projects as Ethereum. Although the new public chain has potential, it is also slightly “tender”. As a result, they instead compete for a key share…

    2022-01-13 News
  • If you want to play Web3.0, understanding smart contracts is the key

    This article is based on the opinions published by Color Capital partner cantino.eth on his personal social media platform, and the rhythm BlockBeats has compiled and translated it as follows: Understanding smart contracts can give you a deeper understanding of a project’s popularity, the distribution of its ownership, and its capabilities. Also, you can view the details of each transaction. These are powerful advantages of web 3.0, and one day they may be taught in schools. First of all, what is a smart contract? It is a program that executes code on…

    2022-01-13 News
  • Will the Fed’s rate hike expectations strengthen Ethereum 2.0 as we expect?

    Only half a month into 2022, ETH has experienced ups and downs. After reaching a high of $3,900.01 on January 4, it fell as low as $2,933 on January 10, and is currently hovering around $3,300. In half a month, the biggest drop of Ethereum was nearly 25%. Looking back at the market conditions of Ethereum last year, it set an all-time high price record in early November 2021, reaching $4,871.42. In just three months, ETH has lost 39% of its value from its peak. Since the end of last year to January this…

    2022-01-13 Ethereum News