Category: Cryptocurrency News

The UAE recently announced that it intends to reduce carbon emissions by 40% by 2030, a marked increase over its previous pledge.

Cryptocurrency payments have been increasingly widespread in recent years, with their use spreading to nearly every market. A use case of cryptocurrencies that has seen particular growth is in crypto donations and the Singapore Red Cross has now taken the plunge. Singapore Red Cross Taking Crypto Donations The Singapore Red Cross is the latest to jump on the crypto bandwagon as the homegrown humanitarian organization recently partnered with Triple-A, allowing donors to contribute Bitcoin (BTC), Ether (ETH), Tether (USDT), and USD Coin (USDC).  The country’s Red Cross Society is looking to capitalize on crypto adoptions by partnering with Triple-A, the first crypto payment gateway licensed by the Monetary Authority of Singapore (MAS).  Related Reading: Curve Finance Announces $1.85 Million Bounty For Stable Pool Exploiter The Singapore Red Cross received more than $4.5 million in donations in 2022. However, by accepting BTC, ETH, USDT, and USDC, the humanitarian organization is opening itself up to donations from people across the globe.  “By accepting digital currencies, we open our doors to a new segment of donors who are tech-savvy and wish to make a difference through their digital assets,” said Benjamin William, Secretary General and CEO of the Singapore Red Cross. “Enabling cryptocurrency donations also opens more opportunities for the new generation of donors who are au fait with digital currencies to consider philanthropy and helping the vulnerable.” This is not the first time a Red Cross society will accept cryptocurrency donations, as the American and British counterparts already accept crypto donations. However, unlike US donors, donors to the Singapore Red Cross do not receive tax deductions, and all donations received will be converted to fiat currency within one business day. Total market cap falls to $1.121 trillion | Source: Crypto Total Market Cap on Tradingview.com Crypto adoption in Singapore is one of the highest in the Asia-Pacific region. According to a report, over half of Singapore’s Gen X members invest in cryptocurrencies. Another similar study done by Statista showed that around 19% of people in Singapore own crypto, higher than the global average of 15%. More than 31% of respondents also indicated that they owned Bitcoin, one of the highest in the world. The Rise of Crypto Philanthropy Crypto philanthropy has steadily grown over the past few years. Major organizations like the American Red Cross, and St. Jude Children’s Research Hospital now take crypto donations. Crypto donations, in particular, have contributed a significant part of humanitarian efforts in the Ukraine war, with the country receiving more than $212 million worth of crypto. Related Reading: Ethereum ETF Race Gets Hotter As SEC Receives 11 Filings In One Week A 2022 report found that USDC, USDT, and Ethereum are the most popular cryptocurrency used for donations. With the improved infrastructure to accept and manage crypto donations, charitable giving is expected to become more mainstream, reaching $10 billion by November 2032.  Featured image from Financial Times, chart from Tradingview.com

Two investment moguls are betting on different directions for inflation and Treasury yields, with potentially negative impacts on Bitcoin.

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Hey as the title says I’m trying to batch around 1000 transactions Into one for minimal gas. I see people do this all day calling like thousands of wallets for mere cents. I am looping an array of call data addresses. Does anyone know how to minimize the gas on a batched transaction? submitted…
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And after the halving finally happens, the next big thing is the next halving. It has become common in this community for people to accommodate some events such as listings of new coins, ETF fillings etc as big events that will spark the next run. Some people even line these events up to come up…
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Worldcoin (WLD) has recently emerged as a subject of fervent discussion especially due to its biometric data collection through retina scans. Its launch came in amid the growing interest in decentralized finance (DeFi) and blockchain technology as well as new tokens and projects constantly striving to stand out and make a significant impact. Among the voices guiding investors through the labyrinthine world of crypto is Jordi Alexander, a renowned crypto influencer and the chief alchemist of the Mantle Network. Recently, he stirred conversations by drawing a parallel between Worldcoin and LUNA, though not entirely for auspicious reasons. Related Reading: Short-Lived Hype: Worldcoin (WLD) Signups Dwindle Less Than A Week After Launch According to the crypto influencer, Worldcoin might just be the next LUNA given some factors that comes with the token’s objective which makes it similar to LUNA which was portrayed as a “new digital currency” that needed to “maximize adoption in order to become useful.” The most important thing you need to know about Worldcoin is that it aims to become a currency. An unbacked currency used for monetary transactions. A.K.A. base money. Sound familiar? pic.twitter.com/9MdLAnqqEQ — Jordi Alexander (@gametheorizing) July 29, 2023 The Rise Of Worldcoin And Its Ambitions Worldcoin, under the vision of Sam Altman – the brains also behind ChatGPT, has made headlines with its mission. The Worldcoin Foundation envisions creating the largest decentralized identity and financial network on the globe. Central to this vision is Worldcoin’s native token, WLD. For the project to be successful, WLD’s widespread adoption is imperative, as is its ability to service the “Orbs” used in the new user onboarding process via retina scans. Lets put aside the eyeball scanning weirdness. And the VC allocations and Market Maker deals, the ZK-proofs and the Low-float tokenomics. —- > The crypto-economics of Worldcoin are ill-considered and potentially very dangerous. Here’s why $WLD might become the next $LUNA– 🧵 pic.twitter.com/0LTjJMGI8s — Jordi Alexander (@gametheorizing) July 29, 2023 In his discussion on Crypto Banter, Alexander elaborated on Worldcoin’s goal to position WLD as an alternative to fiat currencies. Their agenda to become a digital base currency mimics the aspirations that LUNA once held. The gravity of this comparison is substantial, especially when considering LUNA’s precipitous fall from grace due to financial challenges. Trillion-Dollar Bubble In The Making? While drawing parallels with LUNA, Alexander’s intent wasn’t to prophesize an equivalent success for Worldcoin but rather to signal the risks of potential downfall. A primary concern centers around the controversial methods that Worldcoin employs, notably, collecting biometric data through retina scans. The rapid appreciation of WLD’s value further compounds these concerns. Since its inception just over a week ago, the token’s value has surged significantly from $0.1 to as high as trading above $5. This growth has inevitably attracted a slew of investors, catapulting its market capitalization to more than $200 million. Related Reading: Why Worldcoin (WLD) And PEPE Dominate The Crypto Market Trends This Week It’s this velocity of growth, coupled with Worldcoin’s overarching ambition, that leads Alexander to opine that the cryptocurrency might be veering into “bubble” territory. He even suggested the possibility of it snowballing into a trillion-dollar bubble if unchecked. Worldcoin (WLD) price is moving sideways on the 4-hour chart. Source: WLD/USDT on TradingView.com Featured image from Unsplash, Chart from TradingView

The by far hottest topic in Crypto right now, is the entry of institutional investors and all of that during a bear market. While of course we can speculate that many of them had already thought about this since 2021 and probably even bought BTC or other Crypto assets behind closed doors without anyone knowing.…
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