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2021-08-05 21:00:26 NEWS ZAP

Africa’s appetite for digital currencies is growing


Africa’s appetite for digital currencies is growing significantly. Private cryptocurrency providers are also increasing on the continent and even central banks are making sure they are not left behind, by exploring better ways to create and own virtual money, inside secure ecosystems.

A Central Bank Digital Currency tracker from US think-tank, Atlantic Council, shows six African countries are among 81 countries in the race to revolutionize global finance.

Another five African nations, Ghana, Morocco, Tunisia, Kenya, and Madagascar are still in the research stages. Ghana is looking at allowing a digital currency pilot following the launch of a fintech regulatory and innovation live testing pilot. Th Open / Comment

2021-08-05 19:47:25 Open / Comment

2021-08-05 19:47:25 NEWS ZAP

Here’s how much ETH has already been burned due to EIP-1559


Ethereum’s London hard fork has gone live and its effects are already underway. The network upgrade included a specific improvement called EIP-1559, which was designed to simplify how transaction fees are paid.

And so far, 213 ETH has already been burned, at a value of $559,000 — according to block explorer Etherchain's burn tracker.

“Don't expect the current burn rate to cont forever,” wrote pseudonymous security researcher Hasu. “Once the mempool has been cleared entirely (which should happen any moment now), blocks will become smaller and basefee will fall again.” Open / Comment

2021-08-05 18:56:26 Top 20 coins and their distance to their ATHs Open / Comment

2021-08-04 08:30:00 NEWS ZAP

Cardano ($ADA) Is Finally Getting Listed in Japan


Earlier today, Sebastien Guillemot, CTO at dcSpark, as well as former Co-VP of Eng. & Cardano PM at EMURGO, said that $ADA has finally been approved for listing on a Japanese crypto exchange and explained why this is a big deal.

According to Guillemot, it is not easy for cryptoassets to gain regulatory approval for the purpose of getting listed on crypto exchanges and that is why only a relatively tiny number of cryptoassets have been approved so far (e.g. Bitcoin, Bitcoin Cash, Ethereum, XRP, Litecoin, Basic Attention Token, Stellar, NEM, Tezos, and Polkadot).

Japanese crypto exchange BITPoint announced on its website today (August 3) that $ADA is currently scheduled to be listed on its platform in late August. Open / Comment

2021-08-04 00:00:00 NEWS ZAP

Some US lawmakers want Bitcoin miners to be exempted from proposed crypto taxes


Lawmakers in the United States have called for caution regarding implementing a proposed tax policy that could have significant implications for America’s crypto space.

According to the proposed amendments, tighter rules on crypto reporting requirements could provide $28 billion in additional funding for the government.

Senator Toomey is not alone in these assertions, as the overwhelming reaction from industry commentators is that the vagueness of the bill’s wording provides ample opportunity for punitive regulatory policies that could be detrimental to digital innovation in the country. Open / Comment

2021-08-03 21:00:24 Open / Comment

2021-08-03 21:00:24 NEWS ZAP

Celsius Network enables Cardano borrowing and yield farming this month


Celsius Network has indicated that the platform would soon add Cardano (ADA) to its cryptocurrencies eligible for borrowing collateral and yield returns on August 19.

In a Twitter post, Alex Mashinsky, CEO of digital asset lending business Celsius Network, stated that users would “be able to take a 1% APR loan using ADA as collateral on the same day”.

Furthermore, users will be granted a yield rate of 4.05% as the platform capitalizes on the rising popularity of ADA, with Cardano witnessing increased adoption over the last year. Open / Comment

2021-08-03 18:00:34 NEWS ZAP

New Crypto Startup Explains Why It Chose to Build on Cardano


On Monday (August 2), blockchain company dcSpark explained what were the factors that influenced its decision to build software products on Cardano, one of the “most promising crypto projects in the space.”

dcSpark was co-founded in April by Nicolas Arqueros, Sebastien Guillemot and Robert Kornacki. .

CEO Nicolas Arqueros is the ex-CTO of EMURGO (which does for Cardano the equivalent of what ConsenSys does for Ethereum) and presently “serves as a Board Member at the Cardano Foundation.”

CTO Sebastien Guillemot is the former VP of Engineering & Cardano Product Manager at EMURGO. Open / Comment

2021-08-03 11:12:26 Working on a new signals channel, high risk - high reward! Open / Comment