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Binance Partners with Primavera Sound Festival

Binance partnered with Primavera Sound Festival in 2022. The Primavera Sound Foundation will host the festival, which will take place in cities namely, Barcelona, Spain, and Porto, Portugal in June 2022, and will feature a world-class roster of music, culture, and knowledge opportunities. Whatever city you choose, Binance will be demonstrating the latest in blockchain…

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Nike’s Subsidiary RTFKT purchases ‘DotSwoosh’ ETH domain name for $35,000

The rationale for Nike’s dotswoosh acquisition on Friday (27-05-2022) is yet unknown. Some of the anonymous reports say Nike may be preparing to utilize the domain to sell items.  ENS subdomains in the future subdomains The principal domain holder owns these domain names. The sportswear company Nike has announced that it would buy RTFKT in…

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What Are The Biggest Crypto Venture Capital Firms?

Traders’ increasing risk exposures, fueled by lax monetary policy and the wake of COVID-19 pandemic lockdowns, indicated that more investment than it had as ever flowed into cryptocurrencies. Undoubtedly, the year 2021 set a new high for crypto venture capital financing. According to a report on venture capital investment, cryptocurrency startups received an increase of…

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Metaverse Vs. Virtual Reality: A Detailed Comparison

The financial, digital, and physical worlds are getting increasingly intertwined with each other. By just pressing a single button, the technologies we engage in have full control over our lives, giving us access to practically anything we wish for. Metaverse is a comparable technology that will allow users to enter the actual virtual world and…

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Terra 2.0 Revival Plan Gets Support By Multiple Crypto Exchanges

Terra, the “algorithmic stablecoin” project whose downfall triggered a broad cryptocurrency market panic earlier this month, is being relaunched as “terra 2.0” in a last-ditch effort to recoup investor losses. Terra announced the specifics of a forthcoming airdrop of its new native token for its new blockchain, Terra 2.0, on Thursday. Accredited owners of TerraUSD…

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JPMorgan Experimenting With Blockchain For Collateral Settlement

JPMorgan Chase & Co, a multinational investment bank, is apparently testing the use of its own private blockchain for collateral negotiations. JPMorgan’s two businesses transferred a tokenized version of Black Rock Inc. money market fund shares as a part of their trial transaction on May 20, according to a tabloid.  A money market fund is…

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Centralized Exchange (CEX) Vs. Decentralized Exchange (DEX)

  DEXs have gained traction due to the excitement around decentralized financial solutions (DeFi). The sudden quick switch to Uniswap, a decentralized exchange, has generated debate among the traders regarding the benefits and drawbacks of decentralized vs. centralized exchanges (CEX). Numerous blockchain enthusiasts anticipate that the customer base of decentralized exchanges will skyrocket in the…

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Metamask DAO and Tokens: Expectations and Anticipations

Joseph Lubin, the creator of ConsenSys, has stated that MetaMask will bring its own token and Decentralized Autonomous Organization. The new update for the MetaMask coin is still to be determined, with details regarding both the token and the DAO only recently being available. What will that involve, precisely? According to Joseph Lubin’s interview with…

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Celestia announced Mamaki to revolutionize monolithic era of layer 1 blockchains

Based on the Layer 1 blockchain ecosystem, Celestia revealed that its “Mamaki” testnet had gone live, bringing it one step closer to becoming the first fully functional modular blockchain. Modular networks separate consensus from execution, allowing users to create their own blockchains at scale while keeping the security requirements of competitor tier 1s. Because Celestia…

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How To Set Up Your Immutable X Wallet: A Comprehensive Step By Step Guide

On the Ethereum platform, the operational costs for trading and minting NFTs can be quite expensive, especially during high congestion moments. When the platform is facing congestion, minting transactions frequently fail, resulting in substantial losses. And thus, to get their transactions validated swiftly, users must pay a higher gas price. However, to overcome the issue…