Identity and the Metaverse: Decentralized control

“The Metaverse” and “Web3” are the buzzwords of the moment, with their concepts permeating across the worlds of fintech, blockchain, and now even mainstream media. With decentralization thought to be at the core of the Web3 Metaverse, the promise of a better user experience, security and control for consumers is what’s driving its growth. But with users’ identities at the heart of the Metaverse, coupled with unprecedented amounts of data online, there are concerns over data security, privacy and interoperability. This has the potential to hinder the development of the…

Datamall Chain Provides a Solution to Real Data Storage for Web3.0

Datamall Chain San Jose, CA, May 28, 2022 (GLOBE NEWSWIRE) — When you tap the keyboard or browse this article, you may not realize that the Internet has already stored your personal behavior data. From the birth of Web1 to the prosperity of Web2, each piece of data accelerates the progress and innovation of the Internet. Terms like cloud computing, big data, IoT and AI are no longer new to people. The penetration of information technology into people’s everyday life has benefited the world. In the last two years, the…

Elon Musk Says Spacex Will Soon Accept Dogecoin for Merchandise — Starlink Subscriptions Could Follow – Altcoins Bitcoin News

Spacex and Tesla CEO Elon Musk says that dogecoin will soon be accepted at Spacex for merchandise, in the same way Tesla is accepting DOGE payments. Furthermore, Starlink subscriptions may also be paid with dogecoin “one day.” Spacex to Soon Accept Dogecoin for Merchandise Dogecoin got a little boost Friday when Tesla CEO Elon Musk announced via Twitter that Spacex will soon accept the meme cryptocurrency for merchandise. The Spacex boss tweeted: “Tesla merch can be bought with DOGE, soon Spacex merch too.” In addition, Musk said that Spacex’s Starlink…

Is Bitcoin Headed For Its Ninth Red Weekly Close?

This week, Bitcoin had made history when it recorded its eighth consecutive red weekly close. This first-of-its-kind streak had cemented the digital asset on one of the worst bearish trends that have ever been recorded. Now, even as the week runs towards another close, the cryptocurrency has not been able to make any considerable recovery, indicating that it may not be done with its bearish streak. Bitcoin Headed For A Ninth Red Close? With bitcoin still trading well below $30,000, it is no long shot to speculate that the digital…

Tether Launches on Polygon, USDT Stablecoin Now Hosted on 11 Blockchain Networks – Altcoins Bitcoin News

Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Author: Jamie Redman Source link

Tether Joins the Polygon Network with Introduction of its Stablecoin

Tether has further stretched the company’s reach and influence with the introduction of a dollar-pegged stablecoin (USDT) on the Polygon Network, a deal that extended the stablecoin to over 11 blockchain networks. Through its relationship with Tether, the Polygon ecosystem is expected to have a stable currency for investors, which will help generate yield in and out of the network. This will all be achieved through the integration of Tether’s stablecoin USDT, which is tied to 1:1 to the U.S. dollar and has a market capitalization of about $73 billion.…

How the US Can Establish Itself as a Crypto Leader

The week of the terraUSD (UST) collapse was among the most painful weeks in crypto history – and one we’ll reckon with for a long time. It wrought havoc on the crypto market, resulting in billions of dollars in lost value. And while those in Washington, D.C., rightly debate next steps, a smart, thoughtful conversation around potential regulation is critical. Author: Jake Chervinsky Source link

No, the UK Is Not Going to Make USDC and USDT Legal Tender

None of these payments involve legal tender. Debit cards, credit cards, bank transfers, checks, mobile money, PayPal – not one of these is legal tender in the U.K. In England, only banknotes and coins are legal tender, and low-denomination coins are only legal tender for amounts up to 20 pence (US25 cents). In Scotland, only coins are legal tender. Author: Frances Coppola Source link

Thoughts From Davos

In other words, it’s possible, even plausible, that the crypto industry was able to take advantage of a gap in normal sponsorships to get a foot in the door, so to speak. It’s far too early to know whether they’ll be able to repeat this during a normal WEF meeting (the next one will be Jan. 15-20, 2023).  Matthew Blake, head of the future of financial and monetary systems at the WEF, told me that the annual meeting wouldn’t have any crypto panels if there wasn’t interest from multiple parties.…