Autor Cointelegraph By Ezra Reguerra

Solana smartphone Saga triggers mixed reactions from crypto community

Solana smartphone Saga triggers mixed reactions from crypto community

Uverejnil používateľ | jún 24, 2022 |

The Solana (SOL) team has brought mobile phones to Web3 after revealing Saga, Solana’s Android mobile device that will go out with the project’s latest stack for Web3 developers, the Solana Mobile Stack. The community welcomed the new development with various reactions from comparing the project to Apple and Ethereum (ETH) to bringing up concerns over Solana’s network outages. Vinny Lingham praised the move and called it Web3’s very own “iPhone moment” and thanked Solana Co-founder Anatoly Yakovenko for making it possible. Meanwhile, David Ticzon was also impressed, calling Solana the “Apple of Web3” in a tweet.Some community members also took this opportunity to compare SOL’s progress to the ETH network. Twitter user Thesolmane pointed out that while Solana launched a Web3 phone, Ethereum stays “without innovation in years.” In a Twitter thread, user Nathanweb3 also explained how Solana is becoming a growing threat to Ethereum. According to the Twitter user, SOL’s developers are able to grasp the shortcomings of ETH when it comes to user experience. Because of this, Solana’s team is addressing the issues and is simplifying things for everyday users. They tweeted: 10/but what matters is what the everyday user gravitates to.the solana crowd is more in touch with reality esp when it comes to product development:is this very decentralized? no.is this ethically funded/monetized? probably not, lol.but could your grandma use this? YES.— nathan.eth (@nathanweb3) June 23, 2022While many had a positive response, others couldn’t help but bring out the issue of Solana’s network outages. At the start of June, SOL’s price took a dive as the network suffered its fifth outage within the year. Because of this, Twitter user Metamaxie questioned why SOL is trying to be a phone manufacturer when it should focus on making its blockchain reliable. Related: Solana whale moves $25M of USDC debt from Solend to Mango MarketsCharles Hoskinson, the founder of Cardano (ADA), has also taken a dig at Solana’s newest move. According to Hoskinson, people would need to find seven of their friends in Discord to reboot the mobile phone, implying that the phone may suffer performance issues similar to the Solana blockchain.

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Cristiano Ronaldo to get football fans into Web3 with Binance partnership

Cristiano Ronaldo to get football fans into Web3 with Binance partnership

Uverejnil používateľ | jún 23, 2022 |

Football superstar Cristiano Ronaldo has signed an exclusive multi-year nonfungible token (NFT) partnership with crypto exchange Binance. The collaboration aims to introduce soccer fans to the Web3 ecosystem through global NFT campaigns. In the announcement sent to Cointelegraph, Binance noted that the agreement involves creating a series of NFT collections with Ronaldo. These will be sold on the Binance NFT platform exclusively, with the first collection coming out later this year. Changpeng Zhao, the CEO and founder of Binance, praised Ronaldo’s accomplishments in socce and mentioned that the athlete has “transcended sport to become an icon in multiple industries.” Zhao also said that: “He has amassed one of the world’s most dedicated fan bases through his authenticity, talent and charity work.”Zhao added that the Binance team is excited to give Ronaldo fans “exclusive engagement opportunities to connect with Ronaldo” as they own pieces of the NFT collections. Meanwhile, the soccer superstar also commented on the upcoming NFT drops, saying that fans will surely enjoy them. Ronaldo also explained: “My relationship with the fans is very important to me, so the idea of bringing unprecedented experiences and access through this NFT platform is something that I wanted to be a part of.”Back in March, Ronaldo was awarded crypto tokens for his achievements in the sport. The soccer star was given JUV tokens, the official fan token of Juventus F.C., for every senior career goal that he scored. Related: Former Manchester United players to launch soccer-centric DAODespite the current crypto winter, the Binance CEO expressed positivity earlier in June. With confidence, Zhao noted that it’s his third crypto winter and Binance’s second encounter with this type of market situation, implying that the team knows how to navigate their way in a bear market. Apart from this, the Binance CEO said that they will use this as an opportunity to hire top talent who are available during this time.

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Transparent financial systems won't get real traction, blockchain exec argues

Transparent financial systems won't get real traction, blockchain exec argues

Uverejnil používateľ | jún 23, 2022 |

As the conversation around privacy intensified with the recent Litecoin (LTC) upgrade called Mimblewimble and regulators’ reaction to the feature, Adrian Brink, the founder of blockchain protocol Anoma, weighed in on the topic and shared his perspectives to Cointelegraph. According to Brink, privacy is an essential tool for democracy because it prevents huge corporations from targeting people and segregating them into different bubbles. The Anoma founder told Cointelegraph that:“The fact that you have surveillance capitalism allows micro-targeting to such an extent that it can put people into their own filter bubbles which is what erodes democracy very quickly.” Brink believes that blockchain technology has a solution to this issue. He noted that the space is able to tackle issues within financial privacy and then eventually move on to solving general data privacy in the future. Brink said: “There is a serious attempt at solving digital privacy because there is a lot of resources being spent in innovating around zero-knowledge proofs and using ZKPs as a privacy-preserving technology.”The Anoma founder also argued that privacy-focused projects can push crypto adoption into the mainstream. Brink pointed out that using a transparent system “fundamentally means that your neighbor can see how much money you hold, what your daily preferences are.” This is why Brink believes that transparent financial systems will not gain traction. Related: Binance ends support for anonymous Litecoin transactionsEarlier in June, many exchanges in South Korea delisted LTC because of its new upgrade called Mimblewimble which focuses on privacy. Citing Korean financial regulations that prohibit anonymous transactions, Upbit along with four other exchanges delisted the token from their platforms. Despite privacy’s clash with regulators, privacy is one of the innovations that the decentralized finance (DeFi) community expects in the future. In a thread on the DeFi subreddit, a user shared that they believe that projects focused on privacy can become a catalyst that spurs wider adoption.

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Voyager enters into $500M loan agreement with Alameda amid 3AC exposure

Voyager enters into $500M loan agreement with Alameda amid 3AC exposure

Uverejnil používateľ | jún 22, 2022 |

Trading platform Voyager Digital takes a loan from trading firm Alameda Research because of its exposure to crypto venture capital firm Three Arrows Capital (3AC). In a press release by Voyager Digital, the firm announced that it has borrowed 15,000 Bitcoin (BTC) from Alameda to cover the losses that came from its exposure to the 3AC contagion. Voyager also noted that the company might issue a notice of default to 3AC if they fail to pay its loans from Voyager. The firm revealed that 3AC owes the Voyager 15,250 BTC and $350 million USD Coin (USDC) and noted that they have sent requests for repayment to 3AC. The repayment requested involves $25 million to be paid on Friday and payment of the total balance on Monday. If 3AC fails to pay either of the amounts specified, it will be considered an event of default. Apart from these, Voyager noted that it hopes to pursue legal action to recover its funds from 3AC and is currently working with the company’s lawyers to find potential legal remedies. Voyager also highlighted that, at this point, they are unable to measure the amount that can possibly be recovered from 3AC. Related: SEC’s Hester Peirce opposes crypto bailouts — SBF didn’t get the memoEarlier in June, Alameda Research founder Sam Bankman-Fried noted that the firm is working to prevent the spread of the bear market contagion within the crypto ecosystem. In an interview, Bankman-Fried said that he wants to do what he can to help the crypto ecosystem grow and thrive. Last week, 8 Blocks Capital’ Danny Yuan called out to platforms that are in possession of 3AC funds to freeze their accounts. Because of rumors of the company’s insolvency, Yuan noted that freezing 3AC funds may help with recovery after future legal proceedings.

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TAG Heuer has an NFT smartwatch: Nifty Newsletter, June 15–21

TAG Heuer has an NFT smartwatch: Nifty Newsletter, June 15–21

Uverejnil používateľ | jún 22, 2022 |

This week’s newsletter highlights Yahoo’s plans to get involved in nonfungible tokens (NFTs) and metaverse-based projects. Also, watch manufacturer TAG Heuer is dipping its toes into NFTs, and digital collectible platforms in China have increased in number despite warnings from the government.On a positive note, a CryptoPunk that was donated to Aid For Ukraine sold for more than $100,000. And don’t forget about this week’s Nifty News roundup featuring the new brand lead for CryptoPunks and a phishing attack on a Solana-based project.Yahoo is launching metaverse events for Hong Kong residents under restrictionsOnline media company Yahoo recently announced its plans to get involved with a series of NFT and metaverse projects in Hong Kong. This includes hosting virtual events and concerts in metaverses within the Asian country. According to Lorraine Cheung, an executive at Yahoo Hong Kong, activities in the Metaverse are seen by Hong Kong residents as a good alternative to social interaction, as pandemic restrictions are still enforced very strictly and people are required to present a negative COVID-19 test before entering bars or restaurants. Yahoo will also collaborate with local artists to launch an NFT exhibition titled The Abyss of Kwun Tong.Continue reading… Swiss luxury watchmaker TAG Heuer introduces NFT-enabled smartwatchTAG Heuer, a luxury watch manufacturer, has formed partnerships with key NFT community members to create a smartwatch that can display NFTs. The watch will allow users to connect with crypto wallets such as MetaMask and Ledger Live to select which NFTs to display on the smartwatch’s screen. Watch owners will also be able to resize the images accordingly to fit the display and connect to the blockchain to verify NFT ownership and show a hexagonal version of artworks. The company also said that in addition to supporting images, it will also support GIFs and infinitely loop animations. Continue reading… NFT platforms in China grow 5x in four months despite government warningsDespite warnings from the Chinese government about the risks of investing in NFTs, the number of platforms focusing on digital collectibles grew to more than 500, five times more than back in February. Local Chinese reports attribute the growth to the growing hype surrounding NFTs within the country. Tech bigwigs such as Tencent and Alibaba have also shown interest in the NFT space and recently filed their own trademark patents. Continue reading…Related: UAE launches the world’s most expensive modern postage stampUkraine sells CryptoPunk NFT donation for 90 ETH, worth over $100,000CryptoPunk #5364, an NFT that was donated to support the Aid For Ukraine campaign, was sold for 90 Ether (ETH), worth $102,640 at the time of the sale. Alex Bornyakov, Ukraine’s deputy minister of digital transformation, announced the CryptoPunk’s sale on Monday. The price of the NFT increased from its initial value of 16.19 ETH, or $31,722, which is what it was worth when the donor acquired it. Continue reading…Nifty News: Christie’s NFT expert to lead CryptoPunks, fake heiress launches NFT collectionNFT specialist Noah Davis announced that he is leaving his position at the British auction house Christie’s. In a tweet, Davis noted that he will be joining Yuga Labs to become the brand lead for the CryptoPunks project. Meanwhile, Solana-based NFT project Duppies was targeted by a phishing scam. Users reported losses online, with one user claiming to have lost 650 SOL, worth $18,850 at the time of the attack. Continue reading…Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights in this actively evolving space.

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