The Unchained Web Daily Crypto News #87

The Unchained Web Daily Crypto News #87

If you enjoy and find value in the newsletter, please feel free to donate for its upkeep and independent nature as much as you think is fair:


Monero Wallet Address:

42EkgN23XZoLJXrgMJjrRM7jYpmirk1WvWUWc2SDF6kZAXVzHMGy5XB8JM8Vce3iHGKh9H8ACWF9J6ErrfKCP48mL2yeWcw


Bitcoin Wallet Address: bc1q4283c60tv2p7exfeu2ql7dk2n7utswgl43n2fk


ETH & ERC-20 Address: 0xD16429e3F253f50CfF306B2bE8966ce935332116


BNB & BRC-20 Address: 0xD16429e3F253f50CfF306B2bE8966ce935332116


Reclaim (some) Privacy Webinar Series: Intro to SearXNG & other privacy engines

In April, I am planning my first webinar in a series focused on privacy. The specific webinar will be focused on why Google may not be the best search engine to use and the SearXNG meta search engine and how it can be used to enhance privacy when using a search engine to research or find something to one's interest.

If you are interested in the topic, feel free to click "attend" on the link to the event below: https://www.dhirubhai.net/events/7167975601373458433/about/


Tezos Set to Become 8 Times Faster After 'Nairobi' Upgrade

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The Tezos blockchain has implemented its fourteenth upgrade called "Nairobi," which brings several improvements including faster transaction speeds, up to eight times faster than before. The upgrade also introduces a new fee mechanism that charges users based on their network usage, rather than a flat fee. Additionally, Nairobi enables the continuous and automatic upgrading of Tezos' Smart Rollups, a scaling tool that enhances network usage. Despite these enhancements, Tezos' network usage remains relatively low compared to other popular blockchains. At the time of writing, the value of Tezos' XTZ token was down 2% at 80 cents. Click here for more.


Zimbabwe's Gold-Backed Digital Token Won't Fix the Country's Currency Woes, Economists Say

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According to two economists, Zimbabwe's gold-backed digital token is unlikely to stabilize the country's local currency as intended by the central bank. The Reserve Bank of Zimbabwe introduced the gold-backed digital tokens in an effort to stabilize the Zimbabwean dollar, which experienced significant collapse and hyperinflation in the past. However, experts are skeptical about the token's effectiveness in addressing the underlying issue of money supply growth. The token may offer short-term benefits such as portfolio diversification and acting as a store of value, but its slow uptake suggests it is insufficient to tackle hyperinflation alone. To address the currency dilemma, Zimbabwe needs sound macroeconomic policies in place, including controlling money supply growth. The International Monetary Fund (IMF) has also expressed uncertainty about the effectiveness of the gold-backed digital token initiative and emphasized the need for more details and information. Click here for more.


Damus Founder Now Expects Deplatforming From Apple App Store

Apple is expected to remove the decentralized social media app Damus from the App Store due to alleged violations of the company's in-app purchase guidelines. Damus, which runs on the Nostr protocol popular among bitcoin users, features a "zap" functionality that allows users to send small amounts of bitcoin over the Lightning Network as tips. Apple deemed this feature as violating their guidelines. Despite attempts to modify the app and address Apple's concerns, Damus founder William Casarin stated that Apple was not satisfied with the compromises. Former Twitter CEO Jack Dorsey criticized Apple's decision, highlighting its potential impact on Bitcoin adoption. The removal of Damus and the rejection of other bitcoin-focused apps have raised questions about Apple's approach and transparency in the app approval process. Click here for more.


Azuki Unveils New ‘Elementals’ Collection, Expanding Its NFT Ecosystem

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Azuki, a popular non-fungible token (NFT) collection, is launching a new collection called Azuki Elementals. This collection will consist of 20,000 NFTs inspired by the elements of earth, fire, lightning, and water. The rarity traits of these NFTs will be revealed upon minting. The sale will be conducted as a Dutch Auction, starting at 2 ETH and gradually decreasing in price until all remaining NFTs are sold. Some of the NFTs from this collection were airdropped to existing Azuki holders at a Las Vegas event called "Follow the Rabbit." Azuki has gained significant popularity, with its floor price at 15.3 ETH and a trading volume of over $1 billion. In the past, Azuki auctioned golden skateboards tied to physical-backed tokens, generating $2.5 million in sales volume. Click here for more.


EU Seals Deal on Crypto Bank-Capital Rules

The European Union (EU) has reached a political agreement on new bank-capital legislation, including regulations for cryptoassets. The deal aims to prevent unbacked cryptocurrencies from entering the traditional financial system. The agreement also includes changes to how banks assess the risk of corporate and home loans. The next step is for member states in the EU's Council and lawmakers to vote on the legislation, a process that may take several months. The new rules aim to strengthen and enhance the resilience of banks in the EU. The agreement also includes a transitional prudential regime for crypto assets, although specific details were not provided. The Basel Committee on Banking Supervision is currently finalizing global standards for crypto banking regulations, which are expected to assign a high risk weight to cryptocurrencies. However, a compromise has been proposed for regulated stablecoins to soften the strict stance. Click here for more.


Binance Australia got 12 hours’ notice before it was debanked, exec says

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Binance Australia's regional manager, Ben Rose, revealed that the exchange was abruptly cut off from Australia's banking system without warning or consultation. The move, which impacted around 1 million customers, occurred when Binance's payments provider, Zepto, was instructed by Cuscal, its partner banking and payments provider, to stop supporting Binance. The reasons provided were unclear, and concerns initially arose among Binance customers. However, it became apparent that the broader local crypto industry was affected by the banking changes. Other major Australian banks, such as Westpac and Commonwealth Bank, also started implementing payment blocks to crypto exchanges around the same time. Binance Australia is currently searching for an alternate third-party payments provider, but discussions are ongoing. The situation highlights the reliance of Australia's crypto industry on payments providers backed by Cuscal, and Binance users are exploring alternative methods for transactions. Rose emphasized the importance of collaboration with regulators and the banking sector and advocated for the implementation of sensible licensing for the industry in Australia to keep up with global developments. Click here for more.


Yes, the Secret Service has an NFT collection, and no, it’s not for sale

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The United States Secret Service has provided more information about its non-fungible token (NFT) collection on OpenSea. The NFT collection was initially revealed during a Reddit AMA, and the agents from the Secret Service's San Francisco field office, known as the "Digital Asset Technology Alliance" (DATA) Squad, explained that it was created to better understand how NFTs work. Each field agent in the DATA squad has their own personalized NFT representing themselves in Northern California, particularly the San Francisco Bay Area. While the NFTs have received offers, they were not intended to be sold, and the agents view them as a symbol of their involvement and dedication to the crypto landscape. The NFT collection also serves as a means of public education and making law enforcement more approachable to the crypto community. The Secret Service aims to protect political leaders and safeguard the financial and critical infrastructure of the United States. Click here for more.


Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’

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The Swiss National Bank (SNB) is planning to launch a wholesale central bank digital currency (wCBDC) pilot project on the Swiss SIX digital exchange, according to SNB Chair Thomas Jordan. The project, which will involve real transactions with market participants, aims to test the use of wCBDC as real money equivalent to bank reserves. The SNB had previously integrated wCBDC into the back-office systems of five banks as part of its Project Helvetia. While the SNB remains cautious about introducing a retail CBDC, there are no plans to replace cash in the country at this time. Click here for more.


New Web3 ID app lets users find each other based on proven interests

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A new Web3 app called "Quivr" allows users to prove their social credibility using blockchain technology. Users can connect their accounts from various apps like Spotify, Steam, and Apple Music, and based on their behavior within these apps, Quivr generates blockchain badges that represent their interests and community memberships. The app has launched on the Apple App Store, with an Android and web version expected to be released soon. Quivr has partnered with celebrities and organizations to build communities on the app. Users can browse profiles, send private messages, and connect with others who share similar interests. The app runs on the Polygon network and utilizes Magic SDK for logins, eliminating the need for users to download separate wallets or store seed words. Web3 app developers are targeting the social media and influencer market, aiming to bring blockchain technology to a broader audience. Click here for more.


If you enjoy and find value in the newsletter, please feel free to donate for its upkeep and independent nature as much as you think is fair:


Monero Wallet Address:

42EkgN23XZoLJXrgMJjrRM7jYpmirk1WvWUWc2SDF6kZAXVzHMGy5XB8JM8Vce3iHGKh9H8ACWF9J6ErrfKCP48mL2yeWcw


Bitcoin Wallet Address: bc1q4283c60tv2p7exfeu2ql7dk2n7utswgl43n2fk


ETH & ERC-20 Address: 0xD16429e3F253f50CfF306B2bE8966ce935332116


BNB & BRC-20 Address: 0xD16429e3F253f50CfF306B2bE8966ce935332116


Reclaim (some) Privacy Webinar Series: Intro to SearXNG & other privacy engines

In April, I am planning my first webinar in a series focused on privacy. The specific webinar will be focused on why Google may not be the best search engine to use and the SearXNG meta search engine and how it can be used to enhance privacy when using a search engine to research or find something to one's interest.

If you are interested in the topic, feel free to click "attend" on the link to the event below: https://www.dhirubhai.net/events/7167975601373458433/about/


Brought to you by Alexandros Dolgov CBA? (Study/Bitcoin)

46n5HdKnGfvePRECkJoQCz9gt4RCt1jHDRWX7kmGx8hk8GyEXu1MXEDVwPpP6dMRGyQKN8cc7cBh81qmLTdUaZz73N2PRps

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CHESTER SWANSON SR.

Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer

1 年

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