#Ukraine Joins #EuropeanBlockchain Partnership as Observer Ukraine has been accepted as an observer in the #EuropeanBlockchainPartnership (#EBP), an initiative to develop an EU strategy on blockchain and build blockchain infrastructure for public services. Officials in #Kyiv hope the move will facilitate the implementation of #blockchaintechnologies by the #Ukrainiangovernment and lead to the adoption of more efficient #cryptoregulations. The observer status is a step towards full membership, for which #Ukrainian officials and members of the #crypto community have been lobbying. The push for the country’s accession to the EBP was initiated by #OleksiiZhmerenetskyi, chairm
#EU Commissioner Reiterates Need For 'regulating All Crypto-Assets'
#MaireadMcGuinness, the Commissioner for Financial Services, Financial Stability and Capital Markets Union at the #EuropeanCommission, is moving forward with a discussion on regulating cryptocurrencies amid three major events in the space.
Mairead McGuinness said that she planned to discuss a compromise through the #MiCA proposal currently under review in the #EU.
In written remarks for a speech in #Brussels on Tuesday, #McGuinness said the recent market movements show the need for crypto-asset regulation in the #EuropeanUnion.
She added that ongoing concerns about crypto potentially being used to circumv
#Scientists Claim to Have Designed a Fully #Decentralized Stablecoin Pegged to #Electricity
Researchers have combined statistical mechanics and information theory to design a class of #stablecoin dubbed the #ElectricityStablecoin (E-Stablecoin) that would transmit energy as a form of information.
According to the scientists, the E-Stablecoin would be minted through the input of one kilowatt-hour of electricity, plus a fee.
The stablecoin could then be used for transactions the same way as any stablecoin, or the energy could be extracted by burning it, also for a fee.
The entire process would be controlled by #smartcontracts with a decentralized data storage cloud. No tr
#JackDorsey is Building ‘Web5’ Powered by #Bitcoin
Block Inc. is looking to bypass #Web3 entirely and focus on a new Bitcoin-centric model for identity management.
Block subsidiary #TBD has announced plans to build a new decentralized web centered around Bitcoin (#BTC), underscoring founder Jack Dorsey’s belief that the largest blockchain network will play a major role in the internet’s evolution.
Whereas Web3 incorporates #blockchaintechnology and tokenization to decentralize the internet, #Web5 is being envisioned as an identity-based system that only utilizes one blockchain: Bitcoin.
According to Twitter user #Namcios, Web5 utilizes ION, which they describe as an “ope
#QatarAirways Declares ‘The #Metaverse Will Empower #HumanBeings’
#Qatar Airways announced Tuesday that it had launched its first metaverse experience, #QVerse.
This virtual reality platform allows interested parties to virtually visit and navigate the Premium Check-in area at the International Airport of Hamad (#HIA).
Qatar #Airways plans to launch #NFTs and enable metaverse ticket purchases for #physicalflights.
The company said that it intends to expand its virtual environment initiatives and believes that the metaverse is part of the future of human relations.
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#PayPal Enables Transfer of Digital Currencies to External #Wallets#PayPal is finally allowing users the ability to natively transfer, send and receive digital assets between PayPal and other wallets and #exchanges.
As of Tuesday, the feature is available to select U.S. users, with the feature expanding to all eligible U.S. users in the coming weeks. The first batch of supported coins consists of #BTC, #ETH, #BCH and #LTC.
Customers who transfer their #crypto onto PayPal can spend it via Checkout at millions of merchant terminals. The company has been granted a full Bitlicense by the #NewYork Department of Financial Services for the conduct.
#Cryptotransfers to recipien