Over 10,000 Redditors have signed up for the platform’s ETH-based rewards, however, 75% of them are Fortnight players. Within days of launching on the Rinkeby testnet, Reddit’s Ethereum (ETH)-based Community Points rewards system has seen more than 10,000 addresses created. Reddit’s points were rolled out across two subreddit communities pertaining to the topics of the…
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Blockchain banking app, Bitwala, has integrated with DeFi app Celsius to offer interest to Bitcoin hodlers. German blockchain banking firm Bitwala has partnered with pioneering decentralized finance, or DeFi, platform Celsius to offer annual interest on Bitcoin (BTC) holdings of up to 4%. Funds deposited from customers who opt to use Bitwala’s Bitcoin Interest Account…
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Crypto.com’s debit Visa cards are now available in all EU states as the company aims for global presence. Payments and cryptocurrency platform, Crypto.com, announced a broad European launch of its MCO Visa cards. The cards will soon ship to 31 countries in the region, according to the company’s blog post, published May 15. The company’s…
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Binance founder CZ sees the African continent as an untapped environment for exchanges to drive cryptocurrency adoption. Binance founder and CEO Changpeng Zhao, otherwise known as CZ, believes that the African continent holds some unique opportunities for cryptocurrency adoption and development. The Binance leader provided a number of interesting insights during an exclusive “ask me…
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China to officially set blockchain engineers as a new occupation to promote employment amid global COVID-19 pandemic. The ongoing coronavirus pandemic is transforming blockchain companies, and its impact is not always negative for the blockchain industry. Amid the latest coronavirus crisis-fueled changes, China is taking another step toward blockchain adoption to officially recognize industry jobs.…
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Atari’s new partnership sets the stage for builders to incorporate the gaming powerhouse’s token. Atari has partnered with blockchain-as-a-service, or BaaS, company Arkane Network, allowing digital asset integration into gaming. A key aspect of the announcement sees developers able to build Atari’s Token into aspects of the gaming sphere, said a May 14 statement provided to…
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Crypto.com has secured what it claims is the largest insurance coverage in the industry, following a surge in new users and volumes over recent months. Crypto.com has secured a $100 million direct insurance policy provided by Arch Underwriting at Lloyd’s Syndicate 2012. Per a May 11 announcement, the new policy brings Crypto.com’s total coverage to…
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Officials from the People’s Bank of China push to accelerate adoption of the country’s Fintech Development Plan. The People’s Bank of China, or PBoC, Financial Technology Committee held its first meeting of the year this week. During the meeting, the central bank’s deputy governor, Fan Yifei, urged that the country’s blockchain adoption strategy be accelerated.…
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A study revealed that three out of four people surveyed among two million respondents are not familiar with cryptos and blockchain technology. Open communication on the downsides, benefits, and educational programs could help to increase trust in cryptos and create a positive outlook towards technologies such as blockchain. Those were the findings in Edelman’s study…
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In light of the cracks revealed by the COVID-19 pandemic, blockchain is needed now more than ever to create a new global paradigm. The outbreak of the COVID-19 pandemic has profoundly impacted the world both economically and socially, serving to aggravate political tensions while driving nationalist protectionism. Despite the full extent of the pandemic being…
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