Category: Guides
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Tether USDT launches on NEAR as protocol launches $100M Web3 fund
[ad_1] Stablecoin issuer Tether announced the successful integration of the USDT stablecoin on NEAR protocol. According to Tether, launching USDT on NEAR will help bring more stability to NEARâs DeFi ecosystem and reduce the adverse effect of market volatility on users. Tether (USDâź) Launches on Near Network https://t.co/GY8sAR49ES pic.twitter.com/dKM4ZrACVt â Tether (@Tether_to) September 12, 2022…
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Starbucks launches NFT loyalty program on Polygon
[ad_1] Starbucks has announced it will launch its official NFT Rewards loyalty program tagged âStarbucks Odysseyâ on Ethereumâs (ETH) layer2 Polygon (MATIC) network later this year. According to the announcement, the new loyalty program combines its existing rewards program and a non-fungible token platform where users can earn and buy NFTs that give them access…
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Chamber of Digital Commerce urges SEC to approve Bitcoin ETF for US investors
[ad_1] Blockchain advocacy group Chamber of Digital Commerce has called on the SEC to approve a spot Bitcoin ETF to prevent U.S. Bitcoin investors from turning to more crypto-friendly countries. A bitcoin exchange-traded fund (ETF) allows investors to gain exposure to Bitcoin without actually owning any. It can be traded on stock market exchanges making…
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Fireblocks records over $100M in annual recurring revenue, solidifies unicorn status
[ad_1] Blockchain, digital asset security and crypto development platform Fireblocks announced that its 2022 annual recurring revenue exceeded the $100 million mark, giving the company a unicorn status among startups. Annual recurring revenue is the recurring subscription revenue received by a company over time. The newly crowned unicorn positions itself as the only platform that…
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As the merge approaches, on-chain data suggests ETH used as store of value
[ad_1] According to on-chain data, as the merge approaches, the dominant behavior across the Ethereum network is to HODL. Coins held by Ethereum investors are maturing to showcase a higher number of HODLers unwilling to sell. Within the Ethereum ecosystem, just under 60% of investors have held for more than one year, compared with Bitcoin,…
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Russia to settle cross-border payments using stablecoins
[ad_1] Deputy Finance Minister Alexey Moiseyev has confirmed that Russia is working with crypto-friendly countries to facilitate cross-border payments using stablecoins as sanctions from U.S and U.K. mount, local news TASS reported on Sept. 6. The Finance Minister and Central Bank had earlier agreed that Russia canât do without cross-border settlements in cryptocurrency. Consequently, Russia is…
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PolygonLEAP accelerator program gives rise to 6 Web3 startups
[ad_1] Web3 accelerator program PolygonLEAP has announced 6 startups who emerged as winners from its incubation program and will share its grand prize of $250,000. PolygonLEAP was launched in 2021 by Polygon in partnership with Lumos Labs. The first iteration of the incubation program which started in December worked with 31 projects building across payments,…
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Google adds Ethereum Merge countdown clock as searches reach all-time high
[ad_1] Google Cloud developer Sam Padilla announced Friday that an Ethereum Merge countdown clock is live in the Google Search engine. Searches for âEthereum Mergeâ now return a native countdown clock along with the current hashrate, difficulty, and merge difficulty. Hey @VitalikButerin @drakefjustin & other @ethereum folks, go google “the merge” for a fun little…
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Analytics suggest it is doing little to attract new users
[ad_1] On-chain and off-chain metrics indicate that one of the largest events to occur in crypto isnât generating interest outside of the crypto community. As nearly all crypto users are aware of by now, the Ethereum Merge is set to occur in the middle of September, moving the chain from a Proof-of-Work (PoW) to a…
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India’s central bank plans CBDC launch in 2022 with help from fintechs, public banks
[ad_1] The Reserve Bank of India (RBI) is engaged in talks with fintech companies and four public sector banks to pilot Central Bank Digital Currency (CBDC) project, with a potential launch planned later in 2022, Moneycontrol reported Sept. 5. Fidelity National Information Services (FIS) is reportedly one of the companies the central bank is consulting. FIS…