Moonbeam Network, the first smart contract platform for dApps in Polkadot's (DOT) cross-network ecosystem, is active for two months. Its developers shared a summary of the first milestones accomplished. According to the data, 225 million worth GLMR tokens were staked, over three million transactions authorized by 200,000 active accounts so far.
Ethereum's Gets Upgraded Testnet
As the full upgrade nears, it appears Ethereum has fully attached to this year's plan. Marius van der Wijden, one of Ethereum's core developers, announced the launch of the final testing network in a post on March 10th. A test network is a blockchain version that allows developers to try out new features without affecting the main network. When developers want to add or update new functionality, they can make sure that the upgrade has a comprehensive
PwC Report Says NFTs Are "The Future Digital Assets In Sport"
NFTs and digital assets are one of the ten main trends in the sports industry, according to the Consulting company Price Waterhouse Coopers' (PwC) Sports Outlook 2022 report for North America. From changing sports technology infrastructure to increasing fan engagement, the report lists three main examples of NFTs' use and their probability of shaping the future of sport.
Ethereum (ETH) Will Dominate Web 3.0 Future, According to Polygon (MATIC) Founder Sandeep Nailwa
Co-founder of Ethereum (ETH) scaling solution Polygon (MATIC) Sandeep Nailwal is optimistic that ETH will rule the third generation of the internet. In a new interview with crypto channel host Scott Melker, Nailwal said Ethereum could overwhelmingly dominate Web 3.0, an internet version of platforms that is decentralised and where users control their own data.
Singapore to Tax Income Generated From NFT Transactions
According to the latest report by The Business Times, Singapore's Finance Minister Lawrence Wong told parliament that the applicable income tax rules would apply to revenue from NFT transactions or trading. Wong explained that due to the lack of a capital tax regime in Singapore, those who earn capital gains from NFT transactions will not be subject to tax.
Goldman Sachs' ETH Service
Wall Street's adoption of digital assets shows no signs of slowing down. This week, a filing by the United States Securities and Exchange Commission (SEC) revealed that multinational investment bank Goldman Sachs is quietly offering its clients the service of investing in Ether (ETH) through Galaxy Digital, a crypto-focused financial service provider managed by billionaire Mike Novogratz.
Ripple's Most Recent “Big Win” Against the SEC
Ripple executives and the XRP community are happy about a positive decision taken Friday in the SEC lawsuit. Brad Garlinghouse, CEO of Ripple, described the verdict as a “big win”, adding that the case would now attract more attention.
Large Balance Accounts in Bitcoin Transaction Volumes
The new data revealed the important role of institutional investors in Bitcoin transactions as Bitcoin continues to experience hard price fluctuations. According to data provided by IntoTheBlock, organizations currently account for more than 99% of the total Bitcoin volume resulting from transactions with a value of over $100,000. The report states that corporate interest in crypto has accelerated since the third quarter of 2020 when the share of large transactions never dropped below 90%.
Avalanche Staking Rate Reaches 50%
According to WuBlockchain reports, the staking rate of the Avalanche network exceeded 50%. Most stakers are located in the United States and use Amazon Cloud Services to verify the network. According to the journalist, the staking rate for the network is expected to increase in the future.
Proof-of-Work Debates Again in EU Parliament
Crypto Asset Markets (MiCA), the latest draft of the legal framework proposed by the European Union (EU) to control digital currencies, still contains a clause that could prohibit the usage of proof-of-work cryptocurrencies.
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