Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

User feedback a new project

Hello friends and fiends! Lads and Lady! A friend and I are building a new project for the Ethereum community. It's based on NFTs that are distributed to a group to help build communities. We're still building the app and to make the next step is to get as much user feedback as possible on…
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Over 3 Million Customers Can Earn Bitcoin Points Dining at 500 Restaurants via Landry’s Rewards Program

Millions of customers dining at 500 restaurants across the U.S. will soon be able to earn bitcoin points, thanks to a partnership between restaurant giant Landry’s and New York Digital Investment Group (NYDIG). In addition, Landry’s said it will buy bitcoin for its treasury. “We view bitcoin as a good choice for a portion of […]

Indonesia’s national Islamic council reportedly declares Bitcoin haram

While the MIU is a government-funded organization, its latest decision is not legally binding in Indonesia.

Considering bridging our NFTs from Ethereum to Solana

We're an indie game studio that has a small number of NFTs minted and sold on Ethereum, you might remember this post from a while back. Our NFTs give the player a one of a kind skin in-game as well as other premium perks. I'm a big fan of Ethereum and long-time supporter, but trying…
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Prototyping Ethereum ideas and projects?

Besides developer documentation that is free and available all over the internet, are there any testing platforms whereby you can run projects through a mock blockchain? submitted by /u/lsmith1988 [link] [comments]

Best wallet for mobile?

Comment for others! View Poll submitted by /u/Emigoooo [link] [comments]

Odin Platform Opens a Gateway to Cardano & Solana

Odin is a very promising project with a development team that is working hard into providing the users with a plethora of features, capabilities, and tech. Today, Odin has expanded its blockchain from using just Solana into incorporating Cardano as well, creating a multichain platform that will become more efficient and secure. Benefits Of Working In Multichain Multichain incorporates the use of more than one blockchain to operate a platform, As a private blockchain, it assures network scalability by restricting the data shared every block, removing extraneous data, and increasing transaction speed. Because the blockchain’s activity is only accessible to selected users, it also provides enterprises with much-needed project privacy. Multichain uses multiple chain data storing approach to tackle scalability difficulties. Every item of data published to a stream can be on-chain or off-chain, depending on your preferences. MultiChain does not duplicate data to every node, unlike other blockchains where all nodes are expected to validate and keep transactions. The size of blocks is lowered by embedding hashes of big chunks of data, rather than the data itself, within transactions. Each piece of data’s decryption key is only shared with the participants who are supposed to see it. Benefits of Cardano Cardano (ADA) is a low-fee blockchain that can handle transactions and smart contracts without a lot of overhead. Its dual-layer architecture separates computing tasks from settlement procedures, allowing each layer to handle the increased workload. Cardano (ADA) may not be the cheapest cryptocurrency to trade, but it is unquestionably a low-fee coin to transfer and engage with. OKEx Partnership On a separate note, Odin has also announced its partnership with OKEx, part of Odin’s plans to integrate with exchanges to streamline integration between the platform and the various exchanges it plans to support for its users. The Odin team is working on allowing the platform to support connecting to both centralized and decentralized exchanges; creating a fresh take on the creation of algorithmic decentralized bots.   Find out more about Odin by visiting the website.

News: New crypto tax in Austria – everything after 28.2.21 has to be taxed (27,5%)!

Disclaimer – this is not financial or legal advice. It has happened: The Austrian government sneakily introduced a new law, making crypto investments taxable. The law will take effect on March 1st, 2021 meaning that all crypto bought after the 28th of February 2021 will be taxed with a 27,5% tax rate (which has already…
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Xfinite (XET) Partners with Yieldly for a New Staking Pool

Xfinity’s ecosystem utility token, XET, is one of the four largest Algorand Standard Assets (ASAs) to launch the new staking pool partnership with the DeFi platform Yieldly on the 17th of November. The multi-asset pools also include other outstanding projects powered by Algorand: Smile Coin Network (SMILE), the Asia Reserve Currency Coin (ARCC) from the International Blockchain Monetary Reserve, Opulous (OPUL), among others. The partnership aims to drive growth and encourage mass adoption, allowing Yieldly and Algorand’s communities with more than 10 million users to easily access the tokens. “We are thrilled to announce this collaboration that will enable users to stake and claim their rewards at any time in these pools, enhancing the value of the ecosystems involved. We hope to bring more flexibility for DeFi participants and support the growth of Xfinite’s solutions”, said Sebastian Quinn, founder of Yieldly. With this collaboration, Xfinite’s unique NFTs will also be available in the Yieldly’s Prize Games to those who stake in the Xfinite pools. “Xfinite partners with Yieldly to kick start staking initiatives. It’s our first step towards enabling different staking mechanisms for XET holders. This partnership presents a great opportunity for our community, to access staking rewards by leveraging the power of XET”, said Swaneet Singh, Xfinite’s CEO. Xfinite’s utility token, XET, was recently listed on the globally integrated trading platform, Bitmart, allowing more than 5 million users across 180 countries to buy and trade XET in a fast and secure transaction. XET is also listed on MEXC Global. Through XET, the Mzaalo dApp, and Xfinite’s future use cases, are to revolutionize digital media through innovations to customer experience, data-driven engagement and ecosystem economics. Xfinite’s ecosystem is powered by Algorand, a blockchain that offers scalable, fast, and trustworthy technology. Algorand’s pure proof-of-stake (PPOS) consensus protocol ensures full participation, protection, and speed to its decentralized network, with blocks finalized in seconds. This mechanism removes the technical barriers that for years were in the way of mainstream blockchain adoption, at the same time that builds a more sustainable and carbon-negative environment. About Xfinite Xfinite is a blockchain-based platform powered by Algorand and designed to re-establish trust between consumers, content creators, and publishers. Xfinite’s utility token, XET, the native currency of the Xfinite ecosystem, is listed on Bitmart and MEXC. The Xfinite ecosystem helps the media and entertainment industry combat advertising fraud by increasing transparency and creating a new habit of engagement. Its first use case is the dAPP Mzaalo, a video on demand (VOD) decentralized application available on iOS, Play Store and web. Mzaalo offers 12,000 movies, including Originals and Live TV. About XET The XET token is the native currency of the Xfinite ecosystem. It works on the proof of engagement, meaning the more users interact with the token through Xfinite’s use cases the more incentives they earn. XET functions as a unique value exchange and governance mechanism for all stakeholders including users, brands & influencers, and content producers. The XET token was built on the Algorand blockchain because it is cost-effective at scale and therefore perfect for microtransactions. The average cost is less than $0.001 per transaction. Algorand is also a world leader in carbon-negative technology.