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Published in Plena Finance

·1 day ago


THE PROHIBITION OF BITCOIN MINING. IS THIS A POSSIBILITY?

For a long time, Bitcoin mining has been heavily criticized due to worries about
energy consumption and global warming. Andy Long, CEO of Whiterock Management,
stated at the Bitcoin Amsterdam event that outlawing Proof of Work in Europe is
unfeasible. He feels that one of the grounds for such ideas…

Blockchain

2 min read






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Published in Plena Finance

·4 days ago


SOUTH KOREA WILL DEPLOY BLOCKCHAIN-BASED DIGITAL IDS.

South Korea intends to create a digital identity for all of its citizens. This
new system, however, would be constructed on blockchain technology and
integrated with smartphones, according to report. Digital identification has
become a global trend, with countries such as Germany and Estonia developing
such systems for its citizens. …

Blockchain

2 min read






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6 days ago


MASTERCARD HAS LAUNCHED SOFTWARE TO COMBAT CRYPTOCURRENCY FRAUD

Mastercard, a worldwide payment corporation, has released security software to
assist banks and card issuers in identifying suspected fraudulent transactions
and taking decisive action against them. Crypto Secure uses artificial
intelligence algorithms to detect potentially illegal or fraudulent transactions
using cryptocurrency exchanges on the Mastercard payment network. …

Mastercard

2 min read






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Published in Plena Finance

·Oct 18


HOW TO OVERCOME METAVERSE DEVELOPMENT CHALLENGES

As the smartphone did more than a decade ago, AR and VR will soon do the same,
and Moralis is working to develop technologies like the Streams API that will
make decentralized platforms like the metaverse a reality. …

Web 3

2 min read






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Published in Plena Finance

·Oct 17


NFTS CAN NOW BE SHARED ON FACEBOOK AND INSTAGRAM

Following a statement by Meta, Facebook and Instagram users may now connect
their wallets and NFTs. This change will allow its US customers to cross-post
their NFTs across the two major social sites. Before the tool became available
to all U.S. Facebook and Instagram users, Meta began testing NFTs with…

Plenafinance

2 min read






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Oct 15


BNB CHAIN RESTORED FOLLOWING UPGRADE

The BNB Chain team has announced that the BNB Chain is again operational. Users
may now deposit and withdraw funds at #BNB. The BNB Chain was paused for several
days to allow for network upgrades and a network hard fork. According to
Binance, the network update was scheduled to occur…

Plenafinance

2 min read






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Published in Plena Finance

·Oct 13


WEF FORMS WEB3-BASED CLIMATE CHANGE COALITION

The World Economic Forum (WEF) has established the Crypto Sustainability
Coalition to investigate the possibilities of Web3 technology in tackling
climate concerns. The WEF will “explore how web3 and blockchain tools might be
utilized to promote good climate action,” according to a statement made on
September 21st. As it captures…

Web 3

3 min read






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Published in Plena Finance

·Oct 12


DIGITAL BANK REVOLUT WINS FCA REGISTRATION TO OFFER CRYPTO SERVICES IN UK

Following a lengthy wait, European fintech unicorn Revolut has finally received
registration from the United Kingdom’s Financial Conduct Authority (FCA) to
offer crypto services in the United Kingdom. On September 26, the digital
banking service, which is valued at $33 billion, was added to the UK financial
watchdog’s crypto asset…

Blockchain

2 min read






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Oct 10


SEC CHARGES KIM KARDASHIAN FOR MARKETING CRYPTOCURRENCY SECURITIES

The Securities and Exchange Commission (SEC) charged Kim Kardashian with failing
to disclose her remuneration for promoting a crypto asset security issued and
sold by EthereumMax on social media. According to the SEC’s press release, the
reality star failed to declare that she got $250,000 from EthereumMax to create
an…

Kim Kardashian

2 min read






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Published in Plena Finance

·Oct 8


CRYPTO EXCHANGE FTX TO ACQUIRE BANKRUPT VOYAGER’S ASSETS

Voyager Digital announced on Monday that FTX, whose bailout proposal the
bankrupt lender rejected earlier this year, had won its assets in an auction for
$1.42 billion. The FTX bid consists of the fair market value of all Voyager
cryptocurrency at a future date, which is estimated to be around…

Cryptocurrency

2 min read






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Oct 7


BNB CHAIN SUSPENDS NETWORK FOLLOWING $100M CROSS-CHAIN BRIDGE EXPLOIT

The BNB Chain (BSC) has announced the suspension of Binance smart chain
withdrawals following what has been termed as a “possible vulnerability” by
hackers. In a tweet, the company claimed, “Due to abnormal behaviour, we’re
temporarily stopping BSC,” adding that the problem has been isolated and is
being examined. Prior…

Plenafinance

2 min read






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Published in Plena Finance

·Oct 6


HI LAUNCHES THE WORLD’S FIRST NFT CUSTOMIZABLE CARD IN COLLABORATION WITH
MASTERCARD

hi, the crypto and fiat financial app, has announced the launch of the world’s
first debit card with NFT avatar customisation, backed by Mastercard. …

Web 3

2 min read






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Published in Plena Finance

·Oct 5


CHAINLINK TO LAUNCH AN EDUCATIONAL PLATFORM FOR DEVELOPERS

Without community, nothing remarkable in Web3 can happen. Stephen Fluin,
Chainlink’s Head of Developer Relations, made this comment in reference to the
Ethereum Merge. At Chainlink’s SmartCon2022 event, he spoke on the value of
community in the Chainlink ecosystem. …

Plenafinance

2 min read






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Published in Plena Finance

·Oct 3


WHITE HOUSE ESTABLISHES A FRAMEWORK FOR REGULATING CRYPTOCURRENCY

The United States has published its first framework for regulating
cryptocurrency. This action was made to manage digital activity and penalize
fraudulent behaviour. Prior to this, in March 2022, the White House issued an
executive order to federal agencies. The court mandated the delivery of a study
describing “the dangers…

Plenafinance

2 min read






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Published in Plena Finance

·Oct 2


JAPANESE GOVERNMENT AWARDS NFT

Japan’s cabinet has set a first by distributing rewards in the form of
non-fungible tokens (NFT). According to Coinpost, a Japanese media site, the
tokens were handed to winners within the local government authority in a
national digitalization competition termed “Digi Takoshien in the Summer of
2022.” The NFTs were…

Cryptocurrency

2 min read






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Published in Plena Finance

·Sep 30


WAZIRX, THE SANDBOX METAVERSE, LAUNCH LEARN & EARN PROGRAM

India’s WazirX crypto exchange and metaverse gaming project, The Sandbox, has
rolled out a new digital asset campaign aimed at educating users on the workings
of The Sandbox Alpha and crypto in general, according to reports on September
19, 2022. The Learn & Earn Campaign WazirX, an Indian bitcoin (BTC) trading
venue, and digital assets…

Plenafinance

3 min read






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Published in Plena Finance

·Sep 29


CAN METAVERSE REDUCE ENVIRONMENTAL CARBON EMISSION VOLUMES?

On one side is the impressive metaverse. It’s billed to revolutionise all
matters involving the internet entirely. It will be key in the future when more
people are browsing and more businesses will switch online. On the other hand,
climate change is probably the most catastrophic consequence of human
advancement…

Defi

3 min read






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Published in Plena Finance

·Sep 28


CARDANO’S NETWORK HAS LAUNCHED ITS VASIL HARD FORK

Vasil hard fork, Cardano’s much-anticipated and massive upgrade, began on,
September 22nd. The Vasil update will bring some changes to the Cardano
Blockchain, making it more scalable, efficient, and cost-effective. According to
a blog post by Cardano developer- Input Output Hong Kong, Vasil will make
Cardano apps “faster and more…

Plenafinance

2 min read






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Published in Plena Finance

·Sep 27


HELIUM WILL BE MOVED TO SOLANA AS A RESULT OF A COMMUNITY VOTE.

Helium, a decentralized WiFi network, is scheduled to switch to the Solana
blockchain. Helium has its own chain, although some members of the community
have requested that it be relocated to Solana. As a result of the request, a
voting procedure was launched, which will necessitate the staking of HNT…

Blockchain

2 min read






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Published in Plena Finance

·Sep 26


BNB CHAIN PLANS TO LAUNCH THE ZKBNB MAIN NET IN 2022.

The BNB Chain developers have announced zkBNB, a main net layer two scaling
solution. zkBNB will make it easier for chain builders to produce speedier and
more secure solutions. …

Defi

2 min read





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