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The Proof of Stake Alliance (POSA), a nonprofit industry alliance, has published two white papers examining on the status of deposit tokens in United States securities and tax law on Feb. 21. The papers were authored by representatives of over 10 industry groups.Liquid staking is the practice on blockchains using a proof-of-stake consensus mechanism of issuing transferrable receipt tokens to show ownership of staked crypto assets or rewards accrued for staking. The tokens are often referred to as liquid staking derivatives, which is a term the POSA objected to as being inaccurate, recommending that they be called liquid staking tokens…
NFT Important information: This is a sponsored story. Please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances. The views and opinions expressed in this article are those of the sponsor NFTs have risen in popularity during the last few years, and many investors wonder how to find NFTs to buy. Nowadays, NFT marketplaces are full…
The co-founder of the social media website Reddit, Alexis Ohanian, reportedly bought 50,000 Ether (ETH) for just $15,000 during the cryptocurrency’s presale in 2014, costing just 30 cents per coin.Ohanian, who left the social media giant in 2020, told Forbes on Feb. 21 that he found the idea of a decentralized store of value very attractive, partly due to his Armenian heritage, prompting him to take an early gamble on Ethereum.“Any group of people who have in their consciousness, or in their collective history, some idea of persecution, especially by a state, makes the idea of a store of value…
Blockchain Archblock, the issuer of TrueUSD stablecoin, said it will use Chainlink’s proof-of-reserves system to let users verify its reserves are fully collateralized on the blockchain via an automated data feed. “We’re excited to use Chainlink’s Proof of Reserve to enhance the transparency and verifiability of our stablecoin,” said Ryan Christensen, CEO of Archblock. “As the industry-standard decentralized oracle network, Chainlink will help ensure that TUSD is always collateralized by off-chain fiat reserves.” TUSD is backed by US dollars and is the sixth-largest stablecoin, with a market capitalization of $966 million. Integrating with Chainlink’s proof of reserve (PoR) system will…
NFT This project will preserve RMS Titanic assets as immutable NFTs and make them accessible to the global public. RMST, which holds the exclusive rights to recover artifacts from the wreck site, will enable inclusive participation in the project. Experiential Media Group (E/M Group), an RMST affiliate that operates Titanic exhibitions visited by over 30 million people worldwide, will facilitate the project’s exhibition and licensing. VSFG will lead the tokenization of the intellectual property and develop tokenized instruments for accredited investors, providing compliant capital raising for the research, recovery, preservation, exhibition, and licensing of RMST’s assets. Artifact Labs will immutably…
Supporters of the popular NFT collection Friendsies have been thrown into panic mode after the project announced it was pausing all activity before deleting and reinstating its official Twitter handle. This has sparked rug pull suspicions less than a year after the collection launched. The project’s initial drop managed to raise about $5 million.The project made the announcement on Monday night. It cites market volatility and other current challenges as the reason for having to halt the collection’s development.A statement shared on Twitter reads,“We had the best intentions to make a true digital companion for the future,” Friendsies said on…
This week on The Market Report, the resident experts at Cointelegraph discuss dozens of pump-and-dump tokens purporting to be related to ChatGPT and Bing AI chat.We will be doing things a little differently this week since our handsome and charming host, Joe Hall, will be somewhere over the Atlantic during the livestream and will not be able to join us. Not to worry, though, as our resident experts Marcel Pechman and Sam Bourgi are here, as always, to break down the latest news in the markets.Bitcoin bulls ignore recent regulatory FUD by aiming to flip $25K to supportThe New York State…
The decentralized autonomous organization-operated golf startup, LinksDAO, may soon put in an offer to purchase the newly marketed Spey Bay Golf Club in Scotland worth about $900,000. LinksDAO — self-described as a “global group of golf enthusiasts” that is on a mission to build the “world’s greatest golf community” — officially opened the proposal vote on Feb. 20, which came after a few weeks of informal deliberation. It would be the DAO’s first ever golf course purchase.few things in life are more fun than doing what you said you were going to do, regardless of adversityi will love the @linksdao core…
Blockchain Tencent Cloud, a technology company, announced its support for the development of Web3, which is a decentralized internet ecosystem. They will introduce a series of blockchain API services and a Metaverse-in-a-Box product to help Web3 developers. Tencent Cloud is ready to provide strong technical support for Web3 through years of experience in the game and audio and video fields, and cooperate with industry partners to provide a more immersive experience and jointly cultivate more A wonderful Web3 ecosystem. Poshu Yeung, Senior Vice President of Tencent Cloud International said Tencent Cloud will also support Web3 developers and businesses in areas…
Blockchain Google’s cloud computing operator is to become a validator on the Tezos network. Google Cloud’s corporate customers will be able to deploy Tezos nodes – a type of computer that runs a blockchain’s software to validate and store the history of transactions – in order to build Web3 applications on the network. The integration with Tezos marks Google Cloud’s latest integration with a blockchain network, the platform having begun running a node-hosting service for Ethereum projects in October, then shortly thereafter becoming a validator on Solana. Such integrations demonstrate the interest that tech giants are taking in blockchain and…
