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Mercy Tukiya Mutanya

Articles by Mercy Tukiya Mutanya

Chiliz Launches Layer-1 Blockchain to Foster Transition of Sports Brands to Web3

25 days ago

Chiliz is also looking to attract developers interested in building Web3 sports projects by holding hackathons.

Leading blockchain provider for the sports industry Chiliz has announced the launch of its Chiliz Chain public mainnet. This marks the next step in the firm’s mission to help sports teams and brands build direct relationships with their fans and communities from around the world using blockchain technology.
Chiliz Chain is a Layer-1, interoperable blockchain ecosystem and is compatible with the Ethereum Virtual Machine (EVM). It is set to introduce a network of 11 active Proof of Stake Authority (PoSA) node validators. These will include some established blockchain firms and leading sports entities. They will be responsible for validating transactions and securing the Chiliz

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Stripe Expands Access to Its Fiat-to-Crypto Onramp with New Hosted Option

May 5, 2023

The Stripe-hosted onramp was created with Web3 companies in mind. It is designed to cater to their varied use cases.

Stripe, a financial infrastructure provider for businesses, has launched a fiat-to-crypto onramp to make it easier for Web3 companies to help their US-based clients to buy cryptocurrency. According to a Thursday release by the firm, it is also making the onramp to all Web3 users, including those on the waitlist.
Businesses that provide crypto and blockchain-enabled products or services often face onboarding challenges when potential customers do not own the crypto required to perform transactions. Stripe’s onramp will now allow customers to buy crypto when they need it. For example, a user looking to buy an NFT can use the onramp to purchase Ethereum or Solana and

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21Shares and Cathy Wood’s Ark Investment Renew Bitcoin ETF Bid amid BTC Price Rebound

April 26, 2023

The new filing comes as cryptocurrencies, and risk assets in general, are in recovery after a bad 2022.

Crypto exchange-traded-product issuer 21Shares and investment firm Ark Investment Management are once again trying to get a spot Bitcoin exchange-traded fund (ETF) approved. This comes after the United States Securities and Exchange Commission (SEC) rejected two previous attempts. The firms argue that such a fund would offer protection currently not available to investors in the United States.
The  ARK 21Shares Bitcoin ETF would trade under the ARKB ticker and would track the price of Bitcoin as measured by the S&P Bitcoin Index. The application faces deep-seated resistance from US regulators. The SEC has rejected dozens of such applications including one filed by 21Shares in 2021

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FTX Revival Unlikely, Says Skybridge Capital Founder Anthony Scaramucci

April 24, 2023

Scaramucci stated that it was more likely that FTX, once valued at $32 billion, would end up selling its software and licensure before opening under a new brand. 

Skybridge Capital founder Anthony Scaramucci does not think the defunct crypto exchange FTX can be revived any time soon. The financier and former White House communications director explained that many exchanges were not making much money under current market conditions.
“I don’t see how it’s possible to restart FTX. Not a lot of money is being made in these exchanges right now, and so a lot of these exchanges are in the red, and they’re burning off capital that they raised in these private placements, waiting for a new bull market to start and waiting for higher volume,” Scaramucci stated on an episode of The Block’s The

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Societe Generale Subsidiary SG-Forge Launches Euro-Pegged Stablecoin on Ethereum

April 20, 2023

SG-Forge CEO stated that the EUR CoinVertible smart contract was audited by the professional services network PwC before launch.

Societe Generale-Forge (SG-Forge), a regulated subsidiary of the French banking firm Societe Generale, on April 20 announced the launch of EUR CoinVertible, a euro-pegged stablecoin. The Ethereum-based stablecoin will trade under the ticker EURCV and will be available to qualified institutional investors. Investors will have to go through SG-Forge’s Know Your Customer and Anti-Money Laundering procedures.
SG-Forge CEO Jean-Marc Stenger commented:

“In the weeks to come, Societe Generale-Forge will assess the interest from prospective clients and respond to their questions for gradual adoption.”
The EURCV stablecoin is expected to “bridge the gap between

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Kraken Secures VASP License to Operate in Ireland

April 19, 2023

The news comes as crypto companies are looking outside the United States and China for regulatory clarity.

Cryptocurrency exchange Kraken has received regulatory approval to operate in Ireland. The company successfully registered its Irish subsidiary Payward Europe Solutions Limited with the Central Bank of Ireland as a virtual asset service provider (VASP) on April 18. The VASP license allows the crypto exchange to legally operate in the country.

📣 We’re pleased to announce that Kraken has successfully registered with the Central Bank of Ireland (CBI) as a Virtual Asset Service Provider (VASP), affirming our commitment to helping drive crypto adoption in Europe 🇮🇪 🤝

Learn more 👉
— Kraken Exchange (@krakenfx) April 18, 2023


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Crypto Exchange Bybit Opens Global Headquarters in Dubai

April 18, 2023

The exchange has expressed its commitment to building a diverse and dynamic team both in Dubai and globally.

Cryptocurrency exchange Bybit has opened its global headquarters in Dubai, with plans to strengthen its presence in the Middle East and North Africa (MENA) region. The firm’s corporate headquarters occupies an entire floor at One Central, Dubai World Trade Centre with an open space of 16,000 square feet.

👉🏻 Join our Dubai HQ Opening Celebration here:

— Bybit (@Bybit_Official) April 18, 2023

Bybit is among the first exchange services to receive in-principal approval to operate in the emirate and is expected to double its trading volume in the region this year. With a new base of operation, the company aims to continue its global expansion through

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Ethereum Breaches $2,100 Following Shapella Upgrade

April 14, 2023

Gemini co-founder Cameron Winklevoss commented on the upgrade, calling it “an incredible milestone” for Ethereum. 

Ethereum has breached the $2,000 barrier on the heels of the Shapella upgrade, the first major network upgrade since 2022’s Merge. The second-largest cryptocurrency is currently trading at $2,114, up 6.71% on the day and 13.96% over 7 days, outperforming Bitcoin which is up 2% over the past 24 hours and is now changing hands at $30,839.
The Shapella upgrade, a portmanteau of Shanghai and Capella, is the final part of the Ethereum blockchain’s transition from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus. The upgrade affected the network’s execution (Shanghai) and consensus (Capella) layers, allowing ETH stakers to finally withdraw their staked deposits.

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Aumenta Solutions, MSI, Jelurida Partner for Blockchain-Based Port Infrastructure Maintenance Platform

April 11, 2023

Aumenta Solutions and MSI’s port infrastructure maintenance project is based on the Ardor blockchain and makes use of augmented reality technology.

The TECNIO Centre EASY research group’s Aumenta Solutions, an augmented reality solution provider for industry, engineering and architecture professionals, has partnered with shipping company MSI and blockchain development and maintenance firm Jelurida to transform the port infrastructure maintenance industry. The collaboration will incorporate blockchain technology and augmented reality to provide real-time maintenance data sharing, increase efficiency and reduce system downtime.
TECNIO Centre EASY is a research group from the Spanish University of Girona that in 2020 joined in an INNOTEC project to develop a blockchain-based real-time

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Bitcoin Sidechain Mintlayer Launches $4M Grants Initiative

April 5, 2023

The Mintlayer sidechain allows users to build a decentralized ecosystem on the Bitcoin blockchain, opening it up to DeFi, Smart Contracts, Atomic Swaps, NFTs, and dApps. 

Bitcoin sidechain Mintlayer has announced the launch of a $4 million open-source development grants initiative and the start of accepting applications. The grants program launch is the “first major ecosystem initiative in Mintlayer’s long-term development” and is reserved for projects that will directly benefit the Mintlayer ecosystem first and the Bitcoin ecosystem by extension.
“One of our directives is to attract the best teams, projects, and ideas to the Bitcoin ecosystem via Mintlayer. These grants assure that when developers come with a bright idea, there are resources to build it,” says Enrico Rubboli,

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Tokenized Gold Market Cap Passes $1B as Investors Seek Safe-haven Asset

April 5, 2023

The rise in gold prices has been attributed to mounting speculation about the United States Federal Reserve’s future policy following the release of jobs data.

The total market capitalization of tokenized gold has surpassed $1 billion. CoinGecko data places it at $1.02 billion, up 2.3% over the past 24 hours, with a trading volume of $35,508,696 over the same period.
The largest gainers are PAX Gold and Tether Gold with gains of 2.7% and 1.9% respectively. Both are currently trading over $2,000, with PAX Gold at $2,036 and Tether Gold at $2,026. PAX Gold’s market cap stands at almost $523 million, as Tether Gold trails with close to $499 million. Perth Mint Gold Token comes in third place with a market cap of $2.46 million.

This is not the first time tokenized gold’s market cap has

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Social Media and YouTube Influencers Accused of Promoting FTX without Proper Disclosure

March 16, 2023

Defendant Ben Armstrong denied the allegations and stated that he had never been in contact with anyone at FTX.

A group of social media influencers has been named in a new lawsuit alleging they promoted collapsed crypto exchange FTX to their millions of followers without proper disclosure. According to the suit, filed on Wednesday, the influencers failed to disclose the nature of any, rewards, payments, or compensation realized from promoting the crypto exchange.
The influencers named in the lawsuit include Erika Kullberg, Ben “BitBoy” Armstrong and Kevin Paffrath, known as “Meet Kevin” on YouTube. Some YouTube creators have allegedly deleted “all video clips endorsing FTX and praising Sam Bankman-Fried ” from their channels. The lawsuit states that they have since posted apology

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