“The City of Miami will soon give out a “bitcoin yield” from the staking of its cryptocurrency to its citizens, Miami Mayor Francis Suarez announced.
We’re going to be the first city in America to give a bitcoin yield as a dividend directly to its residents.
The yield comes from the staking of the city’s own cryptocurrency, MiamiCoin, which was introduced early this year and has already earned over $21 million in the past three months for Miami. Suarez noted that if you were to annualize that revenue, it would equal roughly one-fifth of Miami’s total annual tax revenue of $400 million.
In the long run, Suarez said the approach could potentially eliminate the need for Miami residents to pay taxes, which would be “revolutionary.” The city will make the payments through a digital wallet and will work with a variety of cryptocurrency exchanges to allow its residents to acquire a wallet, register and get verified.
I do see very quickly a world where the satoshi system is what is used to make payments. We need for people to understand that … yes, we want you to hold bitcoin but we also want to increase the utility of bitcoin.”
“ENS airdropped its own governance token to users on Monday, reaching a market capitalization of $586 million that same day. Yesterday, it hit $1 billion—and that’s just one of several positive metrics for the service. Individual ENS tokens are currently selling for just under $60, though the fledgling asset is still in an early period of price discovery.
The Ethereum Name Service, or ENS, is the Web 3 version of the domain name system, a method for cataloging the internet and making it easily searchable for users. Unlike DNS, ENS boasts censorship resistance through its .eth domains, which can also be used as crypto addresses for sending and receiving Ethereum-based assets.”
“The Nov. 8 tweet previewed Metamask and WalletConnector integrations on Discord’s platform, which sparked outrage across its community over environmental concerns for Ethereum’s energy usage. Despite Discord’s popularity among crypto communities globally, many users took to Twitter and Reddit threatening to boycott the platform if crypto features were integrated.
Thanks for all the perspectives everyone. We have no current plans to ship this internal concept. For now we’re focused on protecting users from spam, scams and fraud. Web3 has lots of good but also lots of problems we need to work through at our scale. More soon.”
“The executive cited Bitwise analysis suggesting that the Bitcoin futures ETF contango — a situation where the futures price is higher than the spot one — would cost investors 5%–10% per year. Hougan said that Bitwise’s spot filing remains intact and that the firm will continue its efforts to launch such a product.
Ultimately, what many investors want is a spot Bitcoin ETF. We think that’s possible. So Bitwise will continue to pursue that goal.”
“The project is taking advantage of blockchain as a record-keeping system that can create standardization and accountability in efficiently assessing data about the economic and environmental impact of offsets.
By accumulating all those offsets, known as Base Carbon Tonnes (BCT), the Klima DAO treasury has locked in about 85% of the existing 10.7 million BCTs on-chain. Each BCT is a digital asset representing one tonne of carbon from the Verified Carbon Unit (VCU) registry, which has been bridged onto the Polygon Network by the Toucan Protocol.
The Klima DAO community will look to promote higher quality carbon offset projects, particularly in developing economies.
The project hopes to stimulate a growth in the price of BCT tokens by offering fee sharing, a bonding program, and incentivized liquidity pools on Sushiswap. The University of Cambridge also announced this week that it would work with Tezos to create a decentralized carbon credit marketplace.”
“Presearch aspires to be a kind of Google…for the Web 3 era of decentralization.
Its aim for the integration with the world’s largest NFT marketplace is to streamline the way in which users can search for NFTs. Presearch says it is the first search engine to offer such a feature.
Blockchain-based Presearch has 2.7 million registered users, who earn PRE tokens each time they perform a search. Advertisers can also stake PRE tokens into a specific search term, with the advertiser who stakes the most having their ad show up when users search for that term.”
“The metaverse does exist but not yet in its “purest form,” equity strategist Edward Stanley said in the report published Thursday. The metaverse is already moving the share prices for gaming stocks such as Roblox, the bank said. More companies are embracing the concept, it added.
Companies such as Roblox, Facebook and Naver are all currently building metaverses on their own company platforms, but a “true metaverse” would allow for “interoperability between experiences” across all these companies’ platforms. However, it will take some time and “cross-company collaboration to allow users to seamlessly move across millions of experiences,” the report said.
The report described the metaverse as a ‘virtual world for immersive co-experiences that is persistently available and where users can explore vast numbers of experiences concurrently, and within these experiences, people across the world can meet, play, watch, trade and learn across millions of experiences.'”
“At a November 11 press conference, blockchain- based document security company Transcrypts announced a partnership with Doctors Without Borders, or DWB, that began on October 14th. Working together, they have already uploaded 6500 immunization records to the blockchain, with a goal of 76000 by 2022. The eventually the goal is to store all patient medical records on the blockchain, where they will be accessible from a patient’s phone.
In India over 700,000 people die every year from the lack of access to a patient’s medical records. A majority of these deaths could have been prevented if physicians had access to a patient’s comprehensive health care records.”