Day: November 28, 2022

The Web3 Future of Fantasy Sports

Newsfile

For too many reasons to count, people love to collect things. Whatever it is, if you can get it, someone is in the business of collecting it. However, not everyone is passionate about stuffing entire rooms — or crypto wallets — with massive collections without a clear-cut way to interact with them in mind. In the case of NFTs, that experience is doubly true. Interactivity with NFTs is often limited to what its creator intended. In most cases, especially outside of the blockchain gaming arena, that translates to NFT utility.…

Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity – Altcoins Bitcoin News

Jamie Redman

It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.02 per unit, but a number of Terra Classic supporters believe there’s a chance USTC can regain its peg. Terra Supporters Want to Repeg the Once-Stable Coin USTC Amid the craziness surrounding the FTX collapse, fans of another stunted crypto project want to get Terra Money’s former stablecoin UST (now USTC) back to…

Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months – Altcoins Bitcoin News

Jamie Redman

During the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its market cap lose more than 5% during the last 30 days. Tether’s market cap slipped from last month’s $69.13 billion to today’s $65.48 billion. Stablecoin Economy Drops Lower, Tether Market Cap Sheds 5% Statistics show that the stablecoin economy’s market valuation has reduced during the last 30 days by roughly 2.02%.…

Privacy Isn’t Just an Edge Case for Crypto

Leah Callon-Butler

Anyway, it wasn’t actually the KYC thing that got me all riled up, and in hindsight I wish I’d not used the example of it being an obstacle to financial inclusion. A quick scan of the room told me the audience was made up of dudes in swanky suits, likely more concerned with taking their investment portfolios to the moon than solving the struggles of the unbanked. As such, my decision to refer to an edge case to prove a point about KYC’s failings served only to underscore that the…

Putin argues for blockchain-based international payments system

Fin Strathern

Russian President Vladimir Putin has criticised the dependency on large banks and third parties in the global financial payments system, calling instead for an independent settlements system using blockchain. The Russian leader made these attacks during a speaking arrangement at the International AI Journey Conference in Moscow on 24 November During the event, which was organised by Russia’s largest bank and major government lender Sberbank, Putin said: “The technology of digital currencies and blockchains can be used to create a new system of international settlements that will be much more…