Tag: blockchain

Crypto

Argentina Passes “Bitcoin Usable for Commercial Settlements,” Crypto-Enthusiast President Vows to Build Crypto Paradise

Incoming Argentine President Javier Milei once again demonstrated his determination to shut down the Central Bank of Argentina (BCRA) on the X platform, stating that it is a non-negotiable matter. He also mentioned ongoing discussions with the International Monetary Fund (IMF) regarding Argentina’s fiscal adjustment plan and monetary policy in search of solutions to address the country’s economic woes.

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News

DEMAND launches Bitcoin Stratum V2 mining pool for enhanced mining.

DEMAND announced its unique mining pool built on the open-source Stratum Reference Implementation (SRI), aiming to decentralize bitcoin mining and enhance security. The launch introduces valuable tools and opportunities for solo miners, allowing them to compete against the network and earn block rewards and transaction fees. Plans for pooled mining options are also underway to further support decentralization.

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Web3

Immortal – Chess app ceases play-to-earn functionality due to significant cheating incidents.

Immortal, a play-to-earn chess app with cryptocurrency integration, ceased its financialized crypto features due to rampant cheating. Despite a successful funding round and NFT marketplace, NFT values plummeted post-closure. The platform will continue using Web3 tech for anti-cheat measures. This setback underscores the challenges faced by the “play-to-earn” model. Arbitrum, an Ethereum layer-2 scaling solution, also experienced a significant outage due to transaction volume overload.

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News

US Court Officially Confiscates Nearly 70,000 BTC from the Silk Road Case, Adding to the National Treasury

The US court has ordered the confiscation of 69,370 bitcoins and other cryptocurrencies linked to the infamous Silk Road. A mysterious individual known as “X” assisted in seizing these funds, now under US government control. The dark web marketplace, Silk Road, founded by Ross Ulbricht, facilitated illegal transactions and has resulted in significant cryptocurrency forfeiture.

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NFT

Mobile network provider in Hong Kong introduces its own NFT marketplace

China Mobile Hong Kong is launching LinkNFT, a groundbreaking NFT marketplace, becoming the first telecom company in Hong Kong to do so. LinkNFT will offer NFT minting services and utilize cross-chain standards for seamless web3 interoperability. The marketplace will feature over 500,000 NFTs and integrate with the digital wallet “LinKey” within MyLink. Additionally, MyLink’s Metaverse digital space has been upgraded to provide users with a comprehensive 3D immersive experience.

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Crypto

SEC Delays Decision on Multiple ETH ETFs to May 2024

The SEC has postponed decisions on Ethereum-based ETFs, extending the deliberations to May 2024. The delay affects proposals such as the Hashdex Nasdaq Ethereum ETF, Grayscale Ethereum Futures ETF, VanEck spot Ethereum ETF, and an ARK Invest and 21Shares joint proposal. The SEC aims to gather public input, emphasizing meticulous examination and public engagement before reaching a final decision. Analysts foresee final decisions by late May, while the crypto sector eagerly awaits potential approvals for 13 spot Bitcoin ETFs.

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