Popular peer-to-peer file sharing service LimeWire will make a comeback on the blockchain. Per a press release, the platform will relaunch as a non-fungible token (NFT) marketplace running on Algorand. Related Reading | Algorand Blockchain Has Grown 35% In Q1 2022 LimeWire has selected this network, the release claims, due to Algorand’s alleged energy consumption levels which make them the blockchain “of choice for energy efficient NFT marketplaces”. The network will provide with a scalable platform with low-cost transactions, and an Ethereum-Polygon bridge. As LimeWire previously reported, the platform will support its marketplace with its own native token called LMWR. In addition to the capacity to transact with LimeWire NFTs, user will allegedly have access to “exclusive community”, voting rights, and access to a reward system. The platform will let content creators, initially musicians, to launch digital assets so fans can buy, sell, and trade them without the “technical hurdles” of alternatives. In that way, LimeWire attempts to onboard users by offering them a unique experience, and access to unique items, from their favorite artists. The press release claims: Music fans and collectors will be able to buy and trade a variety of music-related assets, such as limited editions, pre-release music, unreleased demos, graphical artwork, exclusive live versions, as well as digital merchandise and backstage content. The platform will place a special focus on users without technical expertise or those people unfamiliar with cryptocurrencies and digital assets. Thus, the “newbies” or “noobs” will be the main target audience for this re-brand. The new LimeWire platform will let users trade by completing an “easy” registration process with “seamless KYC”. As a bonus, items will be priced in U.S. dollars, and users won’t be obligated to set up a crypto wallet from the get-go. In order to complete that objective, users will be able to purchase the digital assets with their credit cards, via bank transfer, and with other traditional payment methods. LimeWire claims to have consolidate a partnership with Wyre to provide this services. LimeWire Calls On “Noobs” To Leverage Crypto The new LimeWire, according to the release, will be a hybrid platform. Created to combine the best aspect of Web2 platforms with the potential and benefits from Web3. Paul Zehetmayr, LimeWire Co-CEO, said the following on the recent announcement: The biggest challenge with digital collectibles and the broader crypto market in general is that it’s really limited to a small group of savvy users. There are big players on the market already, but the entry barrier is still too big to allow for mainstream adoption. In addition to the traditional payment methods, users will be able to use different cryptocurrencies to purchase digital assets. Algorand CEO, Steven Kokinos said: We are excited to see LimeWire launching on the Algorand blockchain and see massive potential for them to take the music collectibles market by storm. The interest for digital collectibles will only be growing and we are eager to support a global brand like LimeWire entering into the space to help open up the market to the mainstream. The new LimeWire marketplace will be launch in May 2022, according to the press release. The platform promises a “lineup of big names” for its market debut. Related Reading | Algorand Foundation Names Former JP Morgan Executive as CEO, ALGO Soars 10% At the time of writing, ALGO’s price trades at $0.68 with a 2% loss in the past 24-hours.

Binance signed a memorandum of understanding (MOU) to potentally acquire Brazilian securities brokerage Sim;Paul Investimentos.

The post Binance is eyeing the potential acquisition of a Brazilian securities brokerage appeared first on The Block.

Blockchain technology has had a huge impact on the financial sector. Although many traditional financial institutions like Bank of America use blockchain, it is still mostly used for cryptocurrency transactions. The benefits of the blockchain network are soon going to be put to the test. There are indicators that Russia is going to start moving […]

The post Will Blockchain Be Resilient for Russians Using Cryptocurrencies? appeared first on SmartData Collective.

The Bank of Montreal is on a digital journey that it measures beyond the traditional cost-related key performance indicators (KPIs). The $805.9 billion bank focuses on measurements like talent rescaling and automation capacity, Victor Tung, U.S. chief technology and operations officer and chief information and operations officer, BMO Capital Markets, said during a panel discussion […]

The EU bill to regulate crypto removed language that would have effectively banned mining, sending crypto markets up, while equities fell amid tensions with Russia

The post Market Wrap: Crypto Rises as European Mining Ban Falls Through appeared first on Blockworks.

Stilt, a fintech that specializes in providing financial services to immigrant communities, has raised $14 million in new funding. The Series A round was led by Link Ventures, and featured participation from Petrushka Investments, Hillsven Capital, and investor Gokul Rajaram. A number of C-level technology executives were also involved in the funding, including Stripe COO Read more...

The post Stilt Secures $14 Million to Bring Financial Services to Immigrant Communities appeared first on Finovate.

The Central Bank of Bahrain has granted Binance the first license for a global crypto-asset provider in The Cooperation Council for the Arab States of the Gulf (GCC). The latest development was brought to light in a tweet made by the Binance founder, Changpeng Zhao. Binance to Raise $20 Million in Support for Ukraine The prominent crypto exchange has been in a lot of news lately. In another tweet made about an hour before the writing of this article, Binance revealed that it would be raising $20 million to support the refugee crisis in Ukraine.  

The post Central Bank of Bahrain Grants Binance The First License for a Global Crypto-Asset Provider appeared first on Cryptoknowmics-Crypto News and Media Platform.

Europe’s largest digital asset investment firm now owns nearly 30% of the Swiss bank

The post CoinShares Seeks To Reach More Investors by Upping Stake in FlowBank appeared first on Blockworks.

Leading crypto exchange Binance, announced today that it has been granted a crypto-asset service provider license from the Central Bank of Bahrain (CBB). Further, this license for Binance represents its first approval as a crypto-asset provider in The Cooperation Council for the Arab States of the Gulf (GCC). “I would like to thank Team Bahrain, […]

The post Binance now licensed as a crypto service provider in Bahrain appeared first on CryptoNinjas.

Whether you like it or not, crypto hasn’t yet taken over the world. In most places, fiat currency is used for the majority of financial transactions. This means that not all of your funds can go into crypto since you’ll need some cash to pay for your expenses. Yes, you could sell your crypto whenever […]

The post MELD Protocol: DeFi Banking on Cardano appeared first on Coin Bureau.

Aviva Zacks of Safety Detectives recently sat down with Mike Jones, Senior Director of Product Management for the Agari products within the HelpSystems email security family. She asked him about his company’s commitment to helping its customers secure their email. Safety Detectives: What has your journey to cybersecurity been like? Mike Jones: I started in […]

Shortly after Justin Sun bought Poloniex in 2019, the crypto founder allegedly turned his interest to taking 'lost' Bitcoin from its users.

The post Operation Couch Cushions: Sun allegedly told Poloniex devs to take users’ Bitcoin appeared first on Protos.