Author: Jeremy Ryan

The Kenyan government plans to roll out its digital identification system in December 2023 after the testing period, which will take the next few months. According to the president of Kenya, William Ruto, whose speech at the East Africa Device Assembly Kenya plant in Athi River was cited by local media on Oct.30: “The digital ID, which has been a major problem to us for a very long time, is now on testing mode for the next two months. I have been assured by all the stakeholders and the ministries concerned that by December we will be able to launch…

Challenges and considerations while using cryptocurrencies in humanitarian aid Even if cryptocurrencies have the potential to revolutionize humanitarian aid efforts, it is imperative to address issues concerning volatility, inclusivity, cybersecurity, legal compliance and ethical considerations. The application of cryptocurrencies to humanitarian relief offers advantages and disadvantages. The value fluctuation of cryptocurrencies is one major obstacle. The ability of aid organizations to make effective plans and resource allocations might be impacted by price fluctuations. Careful financial techniques, such as instantaneous conversion to local currencies, are required to prevent losses resulting from market swings in order to alleviate this. The digital divide…

According to the president of Botswana, blockchain is one of the innovative solutions that the global diamond industry can use to ensure “blood diamonds” are excluded from formal markets. Using blockchain not only assures consumers but also enables them “to make informed choices and encourages responsible practices throughout the supply chain.” Minimizing Impact on the Environment Botswana president Mokgweetsi Masisi recently touted blockchain technology as an innovative solution which can help the global diamond industry eradicate so-called blood diamonds. Masisi argued that by using this technology, the global diamond industry is able to prove to stakeholders that diamonds in formal…

Renowned DJ and producer Steve Aoki has joined forces with Stepn to bring an innovative and futuristic concept to the worlds of fashion, fitness and blockchain. Together, they have released a unique collection of digital sneakers as NFTs, creating a new way for enthusiasts to express their style and creativity.The digital sneakers will be minted on the Solana blockchain, a high-performance blockchain network known for its speed and low transaction fees. This choice ensures a seamless and efficient experience for collectors who want to own these exclusive digital footwear.The collection features 300 limited-edition digital sneakers, each available in four distinct…

Saudi Arabia has made a significant move by investing $50 million in Animoca Brands, a leading provider of blockchain-based digital entertainment and gaming products. The investment aims to promote the adoption of crypto technology in the region and reinforce Saudi Arabia’s futuristic city project Neom. This strategic collaboration signifies the kingdom’s commitment to economic diversification and technological advancements.Neom and the 2030 VisionNeom, an ambitious project launched by Saudi Arabia’s Crown Prince Mohammed bin Salman, seeks to establish a futuristic city covering various sectors, including technology, energy, and entertainment. With a focus on sustainability and innovation, Neom aims to contribute to…

Web3 domain service provider – Unstoppable Domains – has announced foraying the .com Namespace allowing users to purchase “.com” addresses. The decision to enter the world’s most popular type of traditional web2 top-level domain (TLD), which boasts over 157 million registrations through its website, aligns with its recent expansion efforts. Expansion According to the official press release shared with CryptoPotato, Unstoppable Domains has become the first player in the industry to offer both traditional .com domains and third-party Web3 domain names for use in web3. The company plans to enable all the features currently available for web3 domains to work…

Phantom’s Camera Mint feature introduces a tool for creating NFTs directly on mobile devices, presenting both opportunities and challenges in the evolving landscape of digital collectibles. Phantom’s recent introduction of the Camera Mint feature enables mobile users to create NFTs with ease. While the tool democratizes access to blockchain technology, it also introduces a series of challenges and considerations that users must make. Don’t just collect NFTs…CREATE them.With Camera Mint on Phantom mobile, instantly turn photos and videos into @solana NFTs you can save forever. pic.twitter.com/4Ei0LpdKUI — Phantom (@phantom) October 30, 2023 One of the feature’s main selling points is…

According to world’s largest data aggregator CoinGecko, Bored Ape Yacht Club, an NFT collection with owners such as Justin Bieber and Serena Williams, once again sees an uptrend on floor price. In the Oct. 30 post, the floor price of the collection is now sitting at 30 ETH, a value which hasn’t been seen for 72 days. Bullish for crypto Given positive market sentiment for Bitcoin, many altcoins and now NFTs have also reported more promising numbers in what many in the crypto community believe to be the end of a grueling winter. ????NFT Watch: Bored Ape @BoredApeYC floor price…

The XRP Ledger has reached a significant milestone, this time in terms of the number of NFTs minted on the platform. Over three million NFTs have been minted on XRP Ledger, according to Bithomp statistics. Currently, 3,340,903 total NFTs have been minted with the XLS-20 standard. A total of 2,994,775 NFTs currently exist, with 30,966 owners. Total issuers are now 5,828, while 347,361 NFTs have been burned. NFT transfers stood at 1,403,697. NFTs are incorporated into the XRPL core protocol and, unlike issued currencies (also known as native tokens), do not require smart contracts for creation or transfer. In October…

Summary Scroll, a zkEVM network, achieved a new high of over 200,000 single-day transactions on October 29, 2023. The surge in activity is attributed to the recent introduction of the Scroll Origin NFT, a non-transferable soulbound NFT that celebrates early builders. Eligible users will be able to claim the Scroll Origins NFT starting December 14, 2023. zkEVM network Scroll achieved a significant milestone on October 29, exceeding a milestone of 200,000 single-day transactions. The achievement coincided with an all-time high of 86,636 new addresses created in a single day. Scroll, a new player in the zero-knowledge Ethereum Virtual Machine (zkEVM)…