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Blue Studios Partners with Unstoppable Domains to Launch First Crypto Wallet for Families

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Blue Studios, the company pioneering how families invest, plan, learn, and earn together through Web3 technology, announced a partnership with Web3 identity platform and NFT domain name provider Unstoppable Domains. Blue Studios integrated Unstoppable Domains’ technology for the launch of Wallio, the first crypto wallet geared towards families. Wallio also lets users create their own DAO for family governance.

Wallio is a free wallet app that makes it easy for families to organize and manage their digital assets, letting them buy, save, and receive their favorite coins and collectibles while tracking their investments through a simple dashboard. Users can add up to six sub-accounts, manage permissions for each family member, control who can send and receive assets, and set savings goals.

“We developed the Wallio app to make it safe, easy, and intuitive for anyone in the family to join the fun of crypto, NFTs, and Web3,” said Kelley Cambry, Co-Founder at Blue Studios. “We’re happy we found the right partner to achieve this goal. Unstoppable Domains makes it easy for Wallio users to log in and send crypto with the click of a button, without compromising any of their privacy or security.”

All Blue Studios users who sign up for Wallio will receive a free NFT domain name. NFT domain names are used to log into the app and for sending and receiving crypto; replacing complicated wallet addresses. By integrating Unstoppable Domains’ Login with Unstoppable service, Wallio is able to confirm users’ identity without tracking any personal identifiable information, account addresses, or asset balances. Tutorials in the Wallio app and in Blue Studios’ educational library explain how NFT domain names work and how they help users.

“Wallio is a perfect example of breaking down barriers to Web3 by giving families an interactive, exciting way to join the ecosystem and start investing,” said Sandy Carter, Senior Vice President at Unstoppable Domains. “By providing the digital identity layer for Wallio, we’re excited to welcome new users of all ages to the Unstoppable Domains and Web3 ecosystem.”

To start your family’s journey into crypto, NFTs, and the world of Web3, sign up for the Wallio wait list here.

Blockchain

AI-Powered Stock Trading Platform Market to Grow at CAGR of 10.24% through 2033 – Expanded Market Reach & Customized Investment Solutions to Propel Growth

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Vitalik Buterin claws back crypto community’s right to redefine ‘inflation’

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Ethereum’s co-founder argues for the crypto community’s authority to redefine “inflation” as the expansion of currency supply, challenging conventional economic definitions and tackling misinformation.

Vitalik Buterin, one of the creators of Ethereum, has emphasized that the crypto community has already staked its claim to redefine the term “inflation.”

Buterin’s remarks were prompted by a post from digital media outlet Axios, which humorously suggested that “inflation” now refers to high prices rather than the traditional concept of rising costs.

Although the Axios post was presented in a lighthearted manner, Community Notes (CN) clarified that the definition of inflation remains unchanged.

Buterin’s response, posted on Farcaster, contested Axios’ interpretation of inflation by asserting that the crypto community has already reshaped the meaning of the term.

“[…] we already decided that it now just means ‘increase in the total supply of a currency’.”

Buterin’s rebuttal garnered support from other users on Farcaster, including former Coinbase employee Binji.eth.

Traditionally, inflation refers to the general increase in the price level of goods and services, resulting in decreased purchasing power as currency value diminishes.

However, Buterin’s argument suggests a cultural shift in the definition of inflation, proposing that ongoing global inflation arises from an essentially unlimited increase in the total supply of currency.

Tech investor Lee Edwards criticized Axios’ initial post for perpetuating misconceptions rather than educating readers.

Buterin has recently been active on Farcaster, advocating for community-driven solutions and initiatives focused on preserving privacy and addressing exploitation issues.

While Buterin has not commented on the concerns surrounding Ethereum Foundation researchers Dankrad Feist and Justin Drake’s involvement with EigenLayer, their decision to become advisors at EigenLayer in exchange for significant compensation in EIGEN tokens has sparked debate within the crypto community.

While some members support the transparency of the disclosures, others have criticized the decision, suggesting that the substantial compensation could influence decision-making.

Source: cointelegraph.com

The post Vitalik Buterin claws back crypto community’s right to redefine ‘inflation’ appeared first on HIPTHER Alerts.

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Blockchain dev Sphere introduces bank-to-wallet Telegram extension

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Sphere Labs, a blockchain developer dedicated to facilitating stablecoin services for corporate clients, has unveiled a new fiat on-ramp and off-ramp tailored to operate within Telegram.

The bank-to-wallet extension enables Telegram users to seamlessly transfer funds between their bank accounts and wallets directly within the Telegram app, with an advertised fee of 0.1% per transaction for early adopters.

This service will be available to early adopters starting the week of May 27, with a full rollout expected later this year.

While users from any unsanctioned country can utilize the Telegram extension, they are required to link the service with a bank account denominated in United States dollars or euros.

Telegram remains a hotbed of crypto innovation and development, boasting a plethora of bots and applications such as Unibet and the CoinGecko bot, fostering a robust blockchain ecosystem within the platform.

At the heart of Telegram’s appeal to crypto investors, speculators, and enthusiasts lies the Telegram Open Network (TON), which integrates various components including the TON Blockchain, TON DNS, TON storage, and TON Sites, offering users a comprehensive solution for all their Web3 requirements.

According to DemandSage, Telegram boasts an impressive 800 million monthly active users, with over 52 million users engaging with the platform on a daily basis. DemandSage also reports that a staggering 15 billion messages are exchanged on Telegram daily, with the app being downloaded more than 1 billion times. Telegram is projected to reach 1 billion users by the end of 2024.

Furthermore, India ranks as the country with the highest number of Telegram users, estimated at 104 million users, making the platform an ideal environment for delivering fintech services to emerging markets.

The expansion of financial services to developing countries remains a central focus of the blockchain industry, with companies like Ripple Labs and Standard Diamond Co. striving to develop innovative solutions for those lacking adequate financial services in the modern era.

Source: tradingview.com

The post Blockchain dev Sphere introduces bank-to-wallet Telegram extension appeared first on HIPTHER Alerts.

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