DeFi platform MakerDAO intends to integrate the Ethereum layer 2 solution StarkNet to reduce transaction costs and increase the speed of DAI stablecoin transfers. This is reported The Block. “In terms of cost, this will be about a 10x improvement over Ethereum,” said Louis Beaudoin, StarkNet coordinator for the project. Regarding speed, he noted that the processing...
American rapper Snoop Dogg, in collaboration with MOBLAND, will create digital marijuana farms in the project's metaverse. This was reported to ForkLog by representatives of the startup. MOBLAND intends to be a pioneer in the concept Grow and Earn, providing users of the virtual world with a wide range of utilities for business buildings and land....
The UST stablecoin, due to its approach to collateral, is dangerous for the cryptocurrency market. Such an opinion in an interview CoinDesk said Tether CTO Paolo Ardoino. The stability of UST is provided by a smart contract that keeps the price at $1 through arbitrage with Terra coins (LUNA). January 2022 earned Luna Foundation Guard, whose assets...
Product fintech company Scalable Solutionsengaged in the development and implementation of white label software, implemented a technical solution for a crypto exchange FMFW.io. According to the data CoinMarketCapFMFW.io has a daily trading volume of more than $3 billion with a peak value of $5 billion. At the time of publication, the exchange is ranked thirteenth in...
Cryptocurrency Exchange KuCoin announced on the launch of the Creators Fund with $100 million in assets. Its goal is to finance early-stage startups working in the field of non-fungible tokens (NFT). The fund is a joint initiative of KuCoin's Windvane NFT marketplace and the investment arm of KuCoin Ventures. As a first step, the Creators Fund will...
The Ministry of Justice of Belarus has established the procedure for collecting digital currencies as part of enforcement proceedings. This is reported on website departments. The document was adopted for the implementation of the February decree on the creation of a register of bitcoin walletsused in illegal activities. Accounting for seized or arrested cryptocurrencies should be carried...
The Federal Tax Service (FTS) of the Russian Federation proposed to the Ministry of Finance to allow Russian companies to pay for export-import transactions in cryptocurrencies. They write about it "News". The Federal Tax Service outlined the initiative in comments to bill "On digital currency". Despite many disagreements on the regulation of cryptocurrencies, the Ministry of...
Enterprise-focused blockchain infrastructure startup BlockApps has raised $41 million in funding round led by Liberty City Ventures. Ethereum-focused BlockApps raised $41 million to expand into enterprise blockchain https://t.co/PXnqIbcbCM by @jacqmelinek — TechCrunch (@TechCrunch) April 19, 2022 Its participants were new investors - Morgan Creek Digital, Eidetic Ventures and Givic. Investments in the company increased ConsenSys, Bloccelerate, Fitz Gate...
The US division of the bitcoin exchange Binance has received a money transfer provider license from the financial regulator of Puerto Rico. Excited to add another Money Transmitter License, as #PuertoRico marks our fourth in four months. We’re working to acquire the few remaining licenses that will allow us to operate in all U.S. states and...
Additional income from cryptocurrency mining will allow Russia to mitigate the effect of sanctions. About it says in a new report from the International Monetary Fund (IMF). According to the organization, having huge energy resources, the Russian Federation can try to monetize them bypassing exports. The IMF has not ruled out that Russia is using decentralized exchanges...
