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Uganda Claims Exploration Surveys Discovered 31 Million Metric Tons of Gold.
While gold is often considered a scarce asset, Uganda explained on Wednesday that recently conducted exploration surveys indicate that there’s roughly 31 million metric tons of gold ore waiting to be mined in the region. Moreover, a spokesperson from Uganda’s Ministry of Energy and Mineral Development said there’s an estimated 320,158 tonnes of refined gold available.
Microstrategies CEO Michael Saylor, for instance, posted a video on Twitter about the Ugandan discovery of “huge gold deposits” which might net 320,158 metric tons of refined gold “valued at $12.8 trillion.” As Saylor noted on June 17: “#Gold is plentiful. #Bitcoin is scarce,"
While gold is often considered a scarce asset, Uganda explained on Wednesday that recently conducted exploration surveys indicate that there’s roughly 31 million metric tons of gold ore waiting to be mined in the region. Moreover, a spokesperson from Uganda’s Ministry of Energy and Mineral Development said there’s an estimated 320,158 tonnes of refined gold available.
Microstrategies CEO Michael Saylor, for instance, posted a video on Twitter about the Ugandan discovery of “huge gold deposits” which might net 320,158 metric tons of refined gold “valued at $12.8 trillion.” As Saylor noted on June 17: “#Gold is plentiful. #Bitcoin is scarce,"
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Mark Zuckerberg Launches Meta Pay, the Digital Wallet for the Metaverse.
In fact, we are talking about a separate payment system for the Meta universe. Through the wallet, users will "securely manage their avatar and make purchases.
The ecosystem will cover all of the company's supported social networks - Facebook, Instagram, WhatsApp, Messenger, etc.
In fact, we are talking about a separate payment system for the Meta universe. Through the wallet, users will "securely manage their avatar and make purchases.
The ecosystem will cover all of the company's supported social networks - Facebook, Instagram, WhatsApp, Messenger, etc.
OpenSea Reports Email Data Breach.
An employee at an outside contractor tasked with managing OpenSea email newsletters copied the list of customer emails and shared it with an outside party, OpenSea says.
Watch out for phishing emails, says OpenSea, after staff at the world’s largest NFT marketplace discovered that an employee of Customer.io, a platform for managing email newsletters and campaigns, leaked the list of OpenSea customers’ emails to an outside party.
▫️Email newsletter management platforms and Customer Relationship Management (CRM) software appear to be a weak spot for crypto firms as leaks of this data continue to happen at a high frequency.
▫️Users of these platforms had their names, phone numbers and email addresses leaked to an outside party.
▫️OpenSea said that malicious actors may try to contact OpenSea customers via emails from domains that look similar to OpenSea.io such as OpenSea.org or OpenSea.xyz
An employee at an outside contractor tasked with managing OpenSea email newsletters copied the list of customer emails and shared it with an outside party, OpenSea says.
Watch out for phishing emails, says OpenSea, after staff at the world’s largest NFT marketplace discovered that an employee of Customer.io, a platform for managing email newsletters and campaigns, leaked the list of OpenSea customers’ emails to an outside party.
▫️Email newsletter management platforms and Customer Relationship Management (CRM) software appear to be a weak spot for crypto firms as leaks of this data continue to happen at a high frequency.
▫️Users of these platforms had their names, phone numbers and email addresses leaked to an outside party.
▫️OpenSea said that malicious actors may try to contact OpenSea customers via emails from domains that look similar to OpenSea.io such as OpenSea.org or OpenSea.xyz
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Samsung to produce Bitcoin mining chips.
The electronics giant and largest corporation in South Korea, Samsung, is in the midst of creating 3-nanometer (3nm) semiconductors for a Chinese application-specific IC firm, sources have said. The new chip design has caused speculation among the crypto community that it’s possible Samsung may be creating application-specific integrated circuits (ASICs) for bitcoin miners.
Samsung’s ability to manufacture 3nm chips will likely solve some Bitcoin mining pain points, like reducing power consumption by up to 30%. Additionally, the chips can increase the mining speed by about 15% alongside a 33% higher translator density.
The electronics giant and largest corporation in South Korea, Samsung, is in the midst of creating 3-nanometer (3nm) semiconductors for a Chinese application-specific IC firm, sources have said. The new chip design has caused speculation among the crypto community that it’s possible Samsung may be creating application-specific integrated circuits (ASICs) for bitcoin miners.
Samsung’s ability to manufacture 3nm chips will likely solve some Bitcoin mining pain points, like reducing power consumption by up to 30%. Additionally, the chips can increase the mining speed by about 15% alongside a 33% higher translator density.
Terra’s de-pegged stablecoin USTC gains 270% in 30 days.
The Terra (LUNA) ecosystem’s infamous algorithmic stablecoin TerraClassicUSD (USTC) has recorded a spike in value despite the widespread crypto market correction in recent months.
Over the last 30 days, the token gained by a whopping 266% trading at $0. 066 on July 4 from $0.018 recorded on June 4. During the period, the token recorded a high of $0.089 on June 29, according to CoinMarketCap data.
Notably, the rally has emerged after USTC lost its peg to the dollar in May and fell below $0.1 in line with the general Terra ecosystem crash.
The Terra (LUNA) ecosystem’s infamous algorithmic stablecoin TerraClassicUSD (USTC) has recorded a spike in value despite the widespread crypto market correction in recent months.
Over the last 30 days, the token gained by a whopping 266% trading at $0. 066 on July 4 from $0.018 recorded on June 4. During the period, the token recorded a high of $0.089 on June 29, according to CoinMarketCap data.
Notably, the rally has emerged after USTC lost its peg to the dollar in May and fell below $0.1 in line with the general Terra ecosystem crash.
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Dubai Is Preparing to Take Its Government to the Metaverse
The Government of Dubai is preparing to make part of its offices available in the metaverse, according to reports. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world, per statements made at a metaverse event by Sharad Agarwal, chief metaverse officer of Cybergear.
Dubai, an emirate that is part of the United Arab Emirates (UAE), is reportedly taking some of its government departments into the metaverse, to allow users to perform actions in these facilities in the future. This would be the next step for the country, which has previously presented its Dubai Metaverse Strategy to position this technology as an important part of the future of the emirate.However, the construction of these areas and the establishment of their functions will take time. “There is hard work involved, so you need to decide.
The Government of Dubai is preparing to make part of its offices available in the metaverse, according to reports. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world, per statements made at a metaverse event by Sharad Agarwal, chief metaverse officer of Cybergear.
Dubai, an emirate that is part of the United Arab Emirates (UAE), is reportedly taking some of its government departments into the metaverse, to allow users to perform actions in these facilities in the future. This would be the next step for the country, which has previously presented its Dubai Metaverse Strategy to position this technology as an important part of the future of the emirate.However, the construction of these areas and the establishment of their functions will take time. “There is hard work involved, so you need to decide.
Reddit launches NFT marketplace for unique collectible avatars.
Reddit announced on July 7 the introduction of a new NFT-based avatar marketplace that enables users to buy blockchain-based profile pictures for a predetermined price.
The social news aggregation, content rating, and discussion website revealed that you do not need a cryptocurrency wallet in order to purchase them; thus, using your credit or debit card should be sufficient, and you may use the wallet product that Reddit offers in order to store them.
Moreover, the social networking platform has said that it will be launching 90 unique designs, with a total of “tens of thousands” of non-fungible tokens (NFTs) being made available for purchase during this early-access period.
Reddit NFTs grant owners license rights!
The firm said that if you buy one of their limited-edition NFTs, you would be granted the license rights to use it as an avatar not just on Reddit but also everywhere on the internet.
Reddit announced on July 7 the introduction of a new NFT-based avatar marketplace that enables users to buy blockchain-based profile pictures for a predetermined price.
The social news aggregation, content rating, and discussion website revealed that you do not need a cryptocurrency wallet in order to purchase them; thus, using your credit or debit card should be sufficient, and you may use the wallet product that Reddit offers in order to store them.
Moreover, the social networking platform has said that it will be launching 90 unique designs, with a total of “tens of thousands” of non-fungible tokens (NFTs) being made available for purchase during this early-access period.
Reddit NFTs grant owners license rights!
The firm said that if you buy one of their limited-edition NFTs, you would be granted the license rights to use it as an avatar not just on Reddit but also everywhere on the internet.
Johnny Depp donates $800,000 to various children’s hospitals through NFT sales.
Johnny Depp has made a hefty donation to a children’s hospital in Australia, which comes after his defamation trial with ex-wife Amber Heard. The Pirates of the Caribbean star, 59, appeared in court for the trial which lasted for six weeks, before the verdict was reached last month.
Aquaman actress Heard, 36, was sued by ex-husband over an op-ed she wrote for the Washington Post in 2018, in which she discussed her experiences with domestic abuse without naming him.After the bombshell six-week court hearing, a jury found in favour of Depp, awarding him $10million of the $50million he sought, while Heard won one count of her $100million countersuit, and was given damages of $2million.Depp’s donation came from the sale of NFTs (non-fungible tokens), with his NFT community,
Johnny Depp has made a hefty donation to a children’s hospital in Australia, which comes after his defamation trial with ex-wife Amber Heard. The Pirates of the Caribbean star, 59, appeared in court for the trial which lasted for six weeks, before the verdict was reached last month.
Aquaman actress Heard, 36, was sued by ex-husband over an op-ed she wrote for the Washington Post in 2018, in which she discussed her experiences with domestic abuse without naming him.After the bombshell six-week court hearing, a jury found in favour of Depp, awarding him $10million of the $50million he sought, while Heard won one count of her $100million countersuit, and was given damages of $2million.Depp’s donation came from the sale of NFTs (non-fungible tokens), with his NFT community,
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🇷🇺 Russia's largest bank, Sberbank, has launched its own blockchain and executed the first digital asset transaction.
Announcing the news today, Sberbank said it had launched the smart contract-based blockchain platform and carried out the first transaction with its subsidiary, SberFactoring, executing a 1 billion rouble (about $15 million) issue with a three-month maturity.
Russia is working on improving its monitoring of cryptocurrency transactions and may begin introducing regulation of the industry later this year.
Announcing the news today, Sberbank said it had launched the smart contract-based blockchain platform and carried out the first transaction with its subsidiary, SberFactoring, executing a 1 billion rouble (about $15 million) issue with a three-month maturity.
Russia is working on improving its monitoring of cryptocurrency transactions and may begin introducing regulation of the industry later this year.
Forwarded from Crypto News Flash
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🚀 Major news about cryptocurrency and blockchain projects in plain language.
📌 Official Crypto News Provider ✅
Subscribe our channel 👇
↪ https://t.me/Crypto_News_Flash