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Doom Finds Home: Dogecoin’s Blockchain Integration

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In an unprecedented move, Dogecoin (DOGE), a blockchain revered for its meme origins and innovative spirit, has become the new home for the iconic 1990s first-person shooter game Doom. Thanks to the pioneering Dogecoin Ordinals protocol, enthusiasts can now delve into the nostalgia of Doom directly from the blockchain. Let’s explore how this monumental integration unfolds and its implications for the crypto landscape.

THE ADVENT OF DOOM ON DOGECOIN:

Doom, originally launched in 1993, emerged as a cultural phenomenon, captivating gamers worldwide with its groundbreaking graphics and immersive gameplay. Now, in celebration of Doom’s 30th anniversary, a developer known as “Mini Doge” inscribed the legendary game into the Dogecoin network. They used the Ordinals protocol. This historic move allows players to access Doom seamlessly through an inscription link. It marks a significant milestone for gaming and blockchain technology.

UNVEILING THE DOGECOIN ORDINALS PROTOCOL:

The Dogecoin Ordinals protocol, affectionately dubbed “Doginals,” empowers developers to embed large volumes of data. This includes games, images, videos, and audio files directly onto the Dogecoin blockchain. This innovative approach enhances the utility of Dogecoin and showcases its versatility beyond being a mere meme token. Doginals represent a paradigm shift in blockchain functionality. They offer a novel way to preserve digital artifacts and foster creative expression within the crypto ecosystem.

TRANSACTIONAL DYNAMICS AND NETWORK ACTIVITY:

The integration of Doom onto Dogecoin’s blockchain has sparked renewed interest and heightened transactional activity within the network. As enthusiasts engage with Dogecoin’s inscription technology, transactional volumes have surged, reflecting growing demand and enthusiasm for blockchain-based gaming experiences. The rise in activity underscores the transformative potential of inscription protocols. They enrich the blockchain landscape and expand its utility beyond traditional transactions.

ELEVATING BLOCKCHAIN TRANSACTIONS:

Developers and enthusiasts alike envision inscription protocols like Doginals as catalysts for transforming blockchain transactions. They aim to be more than just financial exchanges by embedding digital assets directly into proof of ownership, Dogecoin inscription technologies imbue each transaction with intrinsic value and permanence. This shift elevates blockchain transactions into a realm of secure digital asset management and preservation, laying the foundation for a new era of decentralized content distribution.

EMBRACING INNOVATION AND CULTURAL PRESERVATION:

The inscription of Doom on the Dogecoin blockchain symbolizes more than just a technological feat; it represents a commitment to innovation and cultural preservation within the crypto community. Through the convergence of gaming and blockchain technology, Dogecoin continues to redefine the boundaries of what’s possible, fostering an ecosystem where creativity flourishes and digital heritage thrives. As developers push the boundaries of blockchain integration, we anticipate witnessing further groundbreaking initiatives that redefine the future of decentralized innovation.

IN CONCLUSION:

The integration of Doom onto the Dogecoin blockchain marks a watershed moment in the intersection of gaming and cryptocurrency. As Dogecoin pioneer’s inscription technologies and embraces creative expression, it sets a precedent for future blockchain endeavors. With Doginals paving the way for immersive gaming experiences and digital content preservation, Dogecoin emerges as more than just a cryptocurrency—it’s a platform for innovation, cultural enrichment, and decentralized possibilities. As we navigate this evolving landscape, one thing remains clear: the journey of Dogecoin is as legendary as the games it hosts.



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Press Release

Binance Removed Nigerian Naira From P2P Platform

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Crypto exchange Binance has removed Nigeria’s fiat currency, Naira, from the national currencies it supports on its peer-to-peer (P2P) platform.

Meanwhile, the Financial Times reported that two Binance executives have been detained in the country, with their passports seized. The Binance employees had traveled to Nigeria to resolve the country’s ban on crypto exchange websites.

Nigeria has the highest peer-to-peer volume in the world due to the high level of adoption in the country. 

The development comes amid increasing regulatory concerns about Binance’s role in Nigeria’s foreign exchange challenges.

P2P Exchange Rate Concerns

Last week, the Nigerian government restricted access to the online platforms of various crypto firms, including Binance. 

The regulators argued that this would prevent what they perceived as ongoing manipulation of the foreign exchange market and the unlawful movement of funds.

See Also: Binance Announced To List Four Altcoins Trading Pairs To Its Platform

However, as is well known in the crypto industry, the exchange rates on P2P markets are not controlled by crypto exchanges — rather, the rate is the price at which two individuals agree to trade their assets.

The “open-market exchange rate,” as it is often called, is determined by people participating in P2P markets involving unstable fiat currencies. The exchange rates often fluctuate heavily depending on market conditions and are usually above the interbank rate.

This is the first time a government has blamed crypto exchanges for the open market rates of their currency.

It’s worth noting that the Nigerian Securities and Exchange Commission (SEC) declared Binance’s operations illegal in 2023, citing its lack of registration in the country.

Unverified $26 Billion Transaction

Olayemi Cardoso, the governor of Nigeria’s Central Bank, recently told local media that Binance Nigeria allegedly facilitated the transfer of $26 billion from unidentified sources last year.

Cardoso said:

“In the case of Binance, In the last one year, 26 billion dollars has passed through Binance Nigeria from sources and users who we cannot adequately identify.”

Local media reported that Cardoso also reiterated the ongoing clampdown on crypto platforms and revealed the collaboration between federal agencies to curb the foreign exchange rate distortions.

He reportedly said:

“[The authorities] are determined to do everything it takes to ensure that we take charge of our market or put it differently to not allow others to manipulate our markets in a way that ends us distortionary and sub-optimises for all Nigerians.”

Nigerians Remain Pro-crypto

Meanwhile, Nigeria’s young, tech-savvy population has shown keen interest in cryptocurrencies despite the government’s recent stance.

Victor Asemota, a prominent tech entrepreneur in Nigeria, highlighted the nation’s reliance on cryptocurrencies for cross-border transactions, citing a lack of alternative reliable channels.

Asemota added:

“You can’t kill crypto, it will just become more hidden and more sinister. What is within the control of the government is to make other channels more efficient. Crypto is not easy to use but it becomes easier when there are no choices. Provide easier choices and people will use them.”

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

 

#Binance #WRITE2EARN





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Five US Senators Sign Bill To Oppose Biden’s Digital Dollar CBDC Plan

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Five US senators, led by Senator Ted Cruz, have introduced a bill aiming to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). 

This legislation, titled the “CBDC Anti-Surveillance State Act,” reflects concerns about potential government overreach and privacy violations associated with a digital dollar.

The senators, including Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun, argue that a CBDC could be used for extensive surveillance of citizens’ spending habits and potentially even restrict access to funds. 

See Also: Biden’s New Rules For AI Could Affect AI Cryptocurrencies Like GRT, AGIX, FET

Senator Cruz emphasizes the dangers of “government-controlled programmable money” collecting personal data and enabling the freezing of funds.

The bill explicitly challenges the Federal Reserve’s authority to implement a CBDC. 

It proposes legislation from Congress as a prerequisite for any future issuance of such a digital currency, further ensuring the Federal Reserve remains a central bank and not a retail bank.

This move has received support from various organizations, including Heritage Action for America, the Blockchain Association, the American Bankers Association, and others.

Additionally, former President Donald Trump has publicly declared his opposition to a CBDC, promising to never allow its creation if re-elected.

With the introduction of this bill, the debate surrounding a potential digital dollar in the US intensifies. 

The coming months will likely see further discussions and potential revisions to the proposed legislation as the implications of a CBDC are carefully considered.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

 

#Binance #WRITE2EARN



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Buying Pressure From The US On Coinbase Fueled Ethereum (ETH) Rally: CryptoQuant

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Ethereum (ETH) has seen its price rally by 11% in the past week, driven primarily by buying pressure in the United States, according to data from CryptoQuant, a firm that tracks activity on cryptocurrency exchanges.

The data reveals a significant increase in demand for ETH from Coinbase, a US-regulated exchange. 

This surge is reflected in the “Coinbase premium,” which measures the price difference between ETH/USD pairs on Coinbase and Binance, a popular global exchange.

The rising Coinbase premium suggests that the upward trend for Ethereum may continue in the coming weeks. 

This indicator previously signaled price surges in the past, and its current rise hints at potential further growth.

See Also: Price Analysis: Ethereum (ETH) Surpassed $3k Resistance – What’s the Next Target?

The U.S. buying spree on Coinbase could be attributed to two factors. 

Firstly, experienced traders have been accumulating ETH since January, suggesting confidence in the asset’s long-term potential. 

Secondly, anticipation surrounding the potential approval of a spot Ethereum ETF in the U.S. might be fueling investor interest. 

As of now, several major investment firms have filed applications for launching such ETFs.

While the prospect of an ETF could lead to sustained growth for Ethereum, some traders believe it might not trigger explosive price increases. 

Currently, Ethereum is the second-largest cryptocurrency by market value, and an ETF could potentially attract more institutional investors, leading to a steadier growth pattern rather than sudden spikes.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

#Binance #WRITE2EARN



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