https://t.me/Metaverse_Web3_GameFi

2022-04-14 16:58:20 Nexo and Mastercard launch 'world first' crypto-backed payment card

Crypto lender Nexo said it has teamed up with global payments company Mastercard (MA.N) to launch on Wednesday what it calls the world's first "crypto-backed" payment card.It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream.

Nexo said the card, available in selected European countries initially, allows users to spend without having to sell their digital assets such as bitcoin, which are used as collateral to back the credit granted.The card is linked to a Nexo-provided, crypto-backed credit line and can be used at 92 million merchants worldwide where Mastercard is accepted, allowing investors to spend up to 90% of the fiat value of their crypto assets, Nexo said."The card requires no minimum repayments, monthly, or inactivity fees. There are no FX fees for up to 20,000 euros per month," Nexo said.

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https://t.me/CryptoWorldNews Open / Comment

2022-04-14 16:58:20 Ethereum largely passes first major test for proof of stake

Up until now developers had largely been testing out the big change on testnets, which are dedicated clones of the Ethereum blockchain designed for testing purposes. What was different yesterday was they carried out a test on a version of the actual mainnet, in order to try to see if the code worked on the real blockchain.

Since the developers did not want to actually carry out the change in full, they created what’s called a “shadow fork” to test it. This is an experimental exercise where some of the validator nodes split off from the main network and made the upgrade on their own. It did not affect the rest of the network.

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2022-04-14 16:58:20 Colombian Food Delivery App to Accept Payment in Crypto

A Colombian delivery app that operates in Latin America has partnered with BitPay and Bitso to accept payment in crypto.“It’s a first step that will allow us to learn and continue incorporating the crypto world into Rappi,” said Sebastian Mejia, the company’s president.

With the inexorable rise of digital assets, many merchants and firms have been taking a closer look at their underlying technology. And Rappi is one the latest firms to test crypto payments, according to a Reuters report.Currently, the firm operates in 200 cities across nine countries. Rappi has 10 million monthly active users and has been serving customers since 2015.

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2022-04-14 16:58:19 Volt Protocol Raises $2 Million for 'Inflation-Resistant Stablecoin'

By pegging to an inflation index rather than a fiat currency, Volt aims to help DeFi users maintain their purchasing power.2022 has seen a wave of venture capital money pouring into the blockchain industry. Last week, NEAR Protocol announced it had raised $350 million in new funding, and last month, Nova Labs raised $200 million.

Smaller raises may be less eye-catching but equally important. A new project, Volt Protocol, is looking to create a spark within the stablecoin industry with a $2 million seed round co-led by venture capital firm Framework Ventures and Nascent, a team of DeFi builders and investors.Founded last April, Volt Protocol calls itself “a decentralized, inflation-resistant stablecoin.” Its protocol tracks the Consumer Price Index (CPI) released by the U.S. Bureau of Labor Statistics instead of being pegged to a fiat currency.

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2022-04-14 16:58:19 Grassroots initiatives are bringing Bitcoin education to communities across America

Members of America’s crypto community aim to teach financial literacy by discussing Bitcoin at local meetups and neighborhood “corner classes.”Bitcoin is becoming one of the biggest buzzwords in the world. Data from a July 2021 survey conducted by analysis firm Exploding Topics found that roughly 1,700 American adults, or 89% of participants, had heard of Bitcoin.

While Bitcoin’s (BTC) presence is notable, there still seems to be a lack of understanding regarding BTC and cryptocurrency. For instance, Paxful’s survey discovered that 43% of women polled in the United States want to learn more about Bitcoin, even though 95% of these individuals know that BTC exists. In addition, underprivileged communities and minorities have expressed interest in learning about Bitcoin and crypto as digital assets gain popularity.

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2022-04-14 16:58:19 Cardano Creator Says Bitcoin Didn’t Go Far Enough

In a recent tweet, Cardano founder Charles Hoskinson opined that Bitcoin hadn’t gone too far with its UTXO model due to its limited programmability. He sees the Extended UTXO (EUTXO) accounting model as “the logical next step.”

Ethereum, which is currently the leading force in the decentralized finance (DeFi) space, uses the account-based model, which represents assets as balances. Hence, users are able to partially use their accounts instead of spending the whole thing.Vitalik Buterin, the co-founder of Ethereum, opened for the account-based model instead of the UTXO because he became frustrated with Bitcoin’s limitations.

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2022-04-14 16:58:19 Binance receives in-principle approval to operate in Abu Dhabi

The in-principle approval from the Abu Dhabi Global Market allows Binance to operate as a broker-dealer in digital assets including cryptocurrencies.Binance, the world’s biggest crypto exchange in terms of trading volume, received in-principle approval to operate in Abu Dhabi, marking its third regulatory approval in the Middle Eastern region after Bahrain and Dubai.

The in-principle approval from the Abu Dhabi Global Market (ADGM) allows Binance to operate as a broker-dealer in digital assets including cryptocurrencies — marking yet another milestone for the crypto exchange, which envisions to operate as a fully-licensed firm.ADGM serves as an international financial free zone within the capital of the United Arab Emirates, which historically has played an important role in regulatory and supervisory oversight of the financial services provided within its jurisdiction.

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2022-04-14 16:58:19 Crypto-Friendly Special Economic Zone in Honduras Adopts Bitcoin as Legal Tender

A crypto-friendly special economic zone in Honduras has adopted bitcoin as legal tender, allowing the cryptocurrency to be used to pay taxes and fees. In addition, bitcoin bonds can be issued within its jurisdiction using “world-class standards for AML and KYC.”

Próspera, a special economic zone located on the island of Roatan in the Western Caribbean and the Northern Corridor of Honduras, announced Thursday that it has adopted bitcoin as legal tender. Referring to Próspera as “crypto-friendly,” the announcement details, “Bitcoin and other cryptocurrencies effectively operate as legal tender within its jurisdiction.”

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