\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n

According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

LFG is well on its way to the goal of $10 billion worth of BTC in its reserves. Is this a goal achievable this year, or for the coming years?<\/p>\n","post_title":"Luna Foundation Treasury Has Stockpiled Almost 40,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"luna-foundation-treasury-has-stockpiled-almost-40000-btc","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:18","post_modified_gmt":"2023-04-30 11:37:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4298","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4283,"post_author":"1","post_date":"2022-04-10 17:29:50","post_date_gmt":"2022-04-10 07:29:50","post_content":"\n

Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n

According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/stablekwon\/status\/1503296630396645376\n<\/div><\/figure>\n\n\n\n

LFG is well on its way to the goal of $10 billion worth of BTC in its reserves. Is this a goal achievable this year, or for the coming years?<\/p>\n","post_title":"Luna Foundation Treasury Has Stockpiled Almost 40,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"luna-foundation-treasury-has-stockpiled-almost-40000-btc","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:18","post_modified_gmt":"2023-04-30 11:37:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4298","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4283,"post_author":"1","post_date":"2022-04-10 17:29:50","post_date_gmt":"2022-04-10 07:29:50","post_content":"\n

Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n

According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Do Kwon, founder, and CEO of Terraform Labs, stated that the LFG plans to acquire over $10 billion in BTC. In hopes to \u201copen a new monetary era of the bitcoin standard.\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/stablekwon\/status\/1503296630396645376\n<\/div><\/figure>\n\n\n\n

LFG is well on its way to the goal of $10 billion worth of BTC in its reserves. Is this a goal achievable this year, or for the coming years?<\/p>\n","post_title":"Luna Foundation Treasury Has Stockpiled Almost 40,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"luna-foundation-treasury-has-stockpiled-almost-40000-btc","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:18","post_modified_gmt":"2023-04-30 11:37:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4298","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4283,"post_author":"1","post_date":"2022-04-10 17:29:50","post_date_gmt":"2022-04-10 07:29:50","post_content":"\n

Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n

According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

On April 8th it purchased $200 million in $AVAX<\/a>.<\/p>\n\n\n\n

Do Kwon, founder, and CEO of Terraform Labs, stated that the LFG plans to acquire over $10 billion in BTC. In hopes to \u201copen a new monetary era of the bitcoin standard.\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/stablekwon\/status\/1503296630396645376\n<\/div><\/figure>\n\n\n\n

LFG is well on its way to the goal of $10 billion worth of BTC in its reserves. Is this a goal achievable this year, or for the coming years?<\/p>\n","post_title":"Luna Foundation Treasury Has Stockpiled Almost 40,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"luna-foundation-treasury-has-stockpiled-almost-40000-btc","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:18","post_modified_gmt":"2023-04-30 11:37:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4298","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4283,"post_author":"1","post_date":"2022-04-10 17:29:50","post_date_gmt":"2022-04-10 07:29:50","post_content":"\n

Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n

According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

On April 6th it purchased $230 million of $BTC<\/a>.<\/p>\n\n\n\n

On April 8th it purchased $200 million in $AVAX<\/a>.<\/p>\n\n\n\n

Do Kwon, founder, and CEO of Terraform Labs, stated that the LFG plans to acquire over $10 billion in BTC. In hopes to \u201copen a new monetary era of the bitcoin standard.\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/stablekwon\/status\/1503296630396645376\n<\/div><\/figure>\n\n\n\n

LFG is well on its way to the goal of $10 billion worth of BTC in its reserves. Is this a goal achievable this year, or for the coming years?<\/p>\n","post_title":"Luna Foundation Treasury Has Stockpiled Almost 40,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"luna-foundation-treasury-has-stockpiled-almost-40000-btc","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:18","post_modified_gmt":"2023-04-30 11:37:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4298","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4283,"post_author":"1","post_date":"2022-04-10 17:29:50","post_date_gmt":"2022-04-10 07:29:50","post_content":"\n

Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n

According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The LFG wallet<\/a> holds 39,897.98 bitcoins. This stockpile is worth around $1.67 billion. The LFG has added over $400 million in assets to its treasury over the past week.<\/p>\n\n\n\n

On April 6th it purchased $230 million of $BTC<\/a>.<\/p>\n\n\n\n

On April 8th it purchased $200 million in $AVAX<\/a>.<\/p>\n\n\n\n

Do Kwon, founder, and CEO of Terraform Labs, stated that the LFG plans to acquire over $10 billion in BTC. In hopes to \u201copen a new monetary era of the bitcoin standard.\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/stablekwon\/status\/1503296630396645376\n<\/div><\/figure>\n\n\n\n

LFG is well on its way to the goal of $10 billion worth of BTC in its reserves. Is this a goal achievable this year, or for the coming years?<\/p>\n","post_title":"Luna Foundation Treasury Has Stockpiled Almost 40,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"luna-foundation-treasury-has-stockpiled-almost-40000-btc","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:18","post_modified_gmt":"2023-04-30 11:37:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4298","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4283,"post_author":"1","post_date":"2022-04-10 17:29:50","post_date_gmt":"2022-04-10 07:29:50","post_content":"\n

Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n

According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

The Luna Foundation Guard (LFG)<\/a>, the treasury backing the TerraUSD ($UST<\/a>) stablecoin<\/a>, holds almost 40,000 Bitcoins.<\/p>\n\n\n\n

The LFG wallet<\/a> holds 39,897.98 bitcoins. This stockpile is worth around $1.67 billion. The LFG has added over $400 million in assets to its treasury over the past week.<\/p>\n\n\n\n

On April 6th it purchased $230 million of $BTC<\/a>.<\/p>\n\n\n\n

On April 8th it purchased $200 million in $AVAX<\/a>.<\/p>\n\n\n\n

Do Kwon, founder, and CEO of Terraform Labs, stated that the LFG plans to acquire over $10 billion in BTC. In hopes to \u201copen a new monetary era of the bitcoin standard.\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/stablekwon\/status\/1503296630396645376\n<\/div><\/figure>\n\n\n\n

LFG is well on its way to the goal of $10 billion worth of BTC in its reserves. Is this a goal achievable this year, or for the coming years?<\/p>\n","post_title":"Luna Foundation Treasury Has Stockpiled Almost 40,000 BTC","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"luna-foundation-treasury-has-stockpiled-almost-40000-btc","to_ping":"","pinged":"","post_modified":"2023-04-30 21:37:18","post_modified_gmt":"2023-04-30 11:37:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4298","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4283,"post_author":"1","post_date":"2022-04-10 17:29:50","post_date_gmt":"2022-04-10 07:29:50","post_content":"\n

Prospera, a jurisdiction of the Honduras Island Roat\u00e1n, and Madeira, Portugal are both adopting Bitcoin as de facto legal tender. <\/p>\n\n\n\n

According to a report<\/a> by Forbes, residents from both territories will not have to pay capital gains tax on Bitcoin. <\/p>\n\n\n\n

Prospera's president Joel Bomgar was joined by former Chief Strategy Officer of Blockstream<\/a> Samson Mow announcing that \"residents won\u2019t have to pay capital gains tax on bitcoin and will be able to pay taxes and fees to the jurisdiction using the cryptocurrency.\" <\/p>\n\n\n\n

Alongside Mow and Bomgar, Miguel Alburquerque who is the president of Madeira's Regional Government joined the pair to announce the conditions for Maderia's adoption. Alburquerque announced that residents of Madeira won't need to pay personal income taxes when buying and selling Bitcoin.<\/p>\n\n\n\n

Following In The Steps Of El Salvador<\/h2>\n\n\n\n

The way to legalize Bitcoin as legal tender was paved by El Salvador, which officially\u00a0adopted Bitcoin<\/a>\u00a0as legal tender in September of 2021. Prospera and Madeira are the first two territories since El Salvador to adopt Bitcoin as legal tender.<\/p>\n\n\n\n

The Distributed reported<\/a> in March that Lugano, Switzerland was set to make Bitcoin and Tether de facto legal tender. This is expected to be up and running within the next few months. These two territories have launched it before Lugano which is why they are the official two territories to adopt Bitcoin since El Salvador.<\/p>\n\n\n\n

The launch of the first bitcoin bond, designed by Mow for El Salvador, was\u00a0postponed<\/a>\u00a0recently. This was due to \u2018unfavorable market conditions.\u2019<\/p>\n\n\n\n

Starting from today, Prospera has enabled the \"other municipalities in Honduras or other companies or political subdivisions outside of the United States to float bitcoin bonds from within the Prospera jurisdiction,\u201d according to Bomgar, adding that this will be \u201can incredible way to bring foreign direct investments to the part of the world that needs it most,\u201d<\/p>\n\n\n\n

I believe in the future, and I believe in bitcoin. Our government will continue to work to create a fantastic environment for bitcoin in Madeira.<\/em><\/p>Miguel Alburquerque<\/cite><\/blockquote>\n","post_title":"The Two Latest Territories To Adopt Crypto As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"the-two-latest-territories-to-adopt-crypto-as-legal-tender","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/lugano-switzerland-to-make-bitcoin-and-tether-legal-tender\/","post_modified":"2022-04-10 17:30:33","post_modified_gmt":"2022-04-10 07:30:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4283","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4226,"post_author":"1","post_date":"2022-04-06 06:51:19","post_date_gmt":"2022-04-05 20:51:19","post_content":"\n

LooksRare<\/a> is the 2nd largest<\/a> NFT marketplace by volume. Although 95% of its trading volume<\/a> is coming from users selling and buying their own NFTs.<\/p>\n\n\n\n

LooksRare was launched on January 10th this year, within that time frame it has amassed over $22.5 billion in sales over 109,000 transactions according to Dune Analytics.<\/p>\n\n\n\n

NFT analytics site CryptoSlam! reported<\/a> in January that over $8 billion worth of NFT sales can be classified under wash trading. Since then, around 95% of sales on the site, or around $20B can be linked to wash trading<\/a>.<\/p>\n\n\n\n

\"\"\"\"<\/div>
LooksRare Trading Volume With<\/a> \/ Without<\/a> Wash Trading - Source: Dune Analytics<\/a><\/figcaption><\/figure>\n\n\n\n

LooksRare was launched by two anonymous developers, Zodd and Guts, in January of 2022. Since its launch, LooksRare has grown to become the biggest alternative to\u00a0the leading NFT marketplace,\u00a0OpenSea<\/a>. Despite the decline in NFT sales this year, users are still finding ways to make a quick profit, ethical or not.<\/p>\n\n\n\n

LooksRare Intentional Setup Of Wash Trading<\/h2>\n\n\n\n

LooksRare came up with a genius trading rewards model<\/a> to help grow their site. LooksRare will offer token rewards in LooksRare Token ($LOOKS<\/a>) to users who buy and sell on their platform.<\/p>\n\n\n\n

\"\"
LooksRare Historical Trading Volume - Source: DappRadar<\/a><\/figcaption><\/figure>\n\n\n\n

With this users can cheat the system. NFTs can be wash traded where the prices of the NFT would be inflated to the point that the $LOOKS reward would be enough to cover the Ethereum gas fees<\/a> and LooksRare's 2% marketplace fee. With this fact, LooksRare also provides staking rewards for users who stake $LOOKS on the platform, paid out in Wrapped Ethereum ($WETH<\/a>), this is an even larger reason for users to keep using the site.<\/p>\n\n\n\n

LooksRare is aware of the fact this is happening. They retweeted <\/a>a tweet that called these tactics \"genius\" back near their launch in January, they also did not institute any methods at their launch to deter users from buying and selling their own NFTs at inflated prices.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/LooksRareNFT\/status\/1487018639949582336?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1487018639949582336%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdecrypt.co%2F91510%2Flooksrare-has-reportedly-generated-8b-ethereum-nft-wash-trading\n<\/div><\/figure>\n\n\n\n

\u201cIt seems that organic trading is indeed increasing in LooksRare. The difference between selling expensive NFTs like BAYC on LooksRare rather than OpenSea can become a 1-2 Ether difference that the seller saves. So it appears that the NFT community is slowly adopting other options outside the incumbent.\u201d <\/em><\/p>Pedro Herrera, Senior Data Analyst at DappRadar. <\/cite><\/blockquote>\n\n\n\n

Although this success may not be long-lived. Wash trading in other markets is considered an illegal act. Chainalysis made a point of this in a report<\/a> and recommends LooksRare to discourage the activity of wash trading. As regulators<\/a> start taking closer looks into markets, these moves which seem fine now may eventually come back to hit the users even harder.<\/p>\n","post_title":"Wash Trading Makes Up 95% Of LooksRare Trading Volume","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"wash-trading-makes-up-95-of-looksrare-trading-volume","to_ping":"","pinged":"https:\/\/blog.chainalysis.com\/reports\/2022-crypto-crime-report-preview-nft-wash-trading-money-laundering\/\nhttps:\/\/www.thedistributed.co\/gas-fees\/","post_modified":"2022-04-07 21:27:34","post_modified_gmt":"2022-04-07 11:27:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4226","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT

Cryptocurrencies

1 75 76 77 78 79 85

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT