Author Archives: 46289

UK startup is building a taxis of the future

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Hyundai declared that people will be riding in flying vehicles by 2030 and recently they took first big step in order to fulfill this mission. The company invested in british startup called Urban-Air Port that has plan to build over 200 flying taxi hubs in 65 diffrent countries , in the next 5 years.

But vechincles are not the only factor to consider in on-demand taxi buiness. The success of this companies like Uber are built around the simplicity and accesability of reserving a ride. The customer just needs to select where he wanna be drop-off and in the matter of minute he can be there. It’s easy with cars because everywhere we have architecture built for this kind of travel. On the contrary many cities are not designed for any kind of flying vechicles so the adaptation of the technology can be a difficult proccess

Resources:

India will tax all cryptocurrecnies at 30%

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Nirmala Sitharaman finance minister of India announced that all of digital crypto assets will be placed in highest tax bond. It means that around 20 million investors will have significantly lower revenue starting from this year.

According to studies there are around 400 bilion rupees (5,7 billion $) of crypto assets stored in india. The new regulations can signifcantly reduce this number.” If you made a profit of 100 rupees then including the 30% tax bracket, plus surcharge and cess the total tax outgo will be around 42 rupees,” said Amit Maheshwari, partner at AKM Global. This regulations can really disturb the market balance in India, but some people are seeing a good side of this crypto ,,acknowledgement”

“Thirty percent tax on income from virtual digital assets, while high, is a positive step as it legitimises crypto and hints at an optimistic sentiment towards further acceptance of crypto and NFTs,” said Avinash Shekhar, chief executive of ZebPay, a cryptocurrency exchange.

To summarize in the short-term this new proposed regulations can negatively impact crypto market in India but in a bigger picture this sets the groundwork for adopting De-Fi ona bigger scale

Resources:

https://www.bloomberg.com/news/articles/2022-02-01/india-to-launch-central-bank-digital-currency-next-fiscal-year

Metaverse and future of technology

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Back in October 2021 Facebook anounced that company will rebrand itself into ,,Meta” – in the effort to embrace the metaverse concept

“The metaverse is essentially a massive, interconnected network of virtual spaces. In theory, we’ll be able to move from one virtual world to another in the metaverse, but we’ll be wearing virtual reality goggles or maybe augmented reality.” says Rabindra Ratan profesor at Michigane state University

Technologies that are currently very well developed(such as VR googles, will play a crucial role in bringing metaverse to life. Companies like Meta are already investing in branches related to the metaverse as they try to enter this market and beat their competition. Tech giants trying to monopolize this decentralized space just as they did with WEB3. It raised concern aoround the question if the metaverse will really be a decentralized space or just a new stage of WEB2.

Nevertheless it is important to monitor this new concept as Metaverse concept with will be much more present in our daily life

Resources:

https://abcnews.go.com/Technology/metaverse-impact-world-future-technology/story?id=82419587

Opera is launching a new Web 3 project – ,,Crypto Browser”

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Recently company Opera has launched it’s new Web 3 project into beta. Crypto Browser Project is an internet browser with built-in Web 3 features. In the statement Jorgen Arnesen, EVP Mobile at Opera, says that: ,,Opera’s Crypto Browser Project promises a simpler, faster, more private Web3 experience for users. It simplifies a Web3 user experience that is often bewildering for mainstream users.

One of the key features built inside a internet browser is crypto wallet that is compatible with some major crypotcurrency: BTC, ETH, but in february 2020 company plans to anounce compatibility with Solana and Polygon. Browser also include access to cryptocurrency and NFT exchanges as well as aupport for decentralized apps (Dapps)

With the news emerging daily about new Web 3 project it is interesting to see how Opera ,,Crypto Browser” project will develop. Estabilished company and strong team are some of the benefits of this project but with growing intrest circulating around Web 3 it can be dificult for Opera team to

With the news emerging daily about new Web 3 project it is interesting to see how Opera ,,Crypto Browser” project will develop. Estabilished company and strong team are some of the benefits of this project but with growing intrest circulating around Web 3 it can be dificult for Opera team to approprietly develop it

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Crypto Wallet

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Crypto wallet is a device (or program) that lets you store and transfer all your digital assets.

In todays world of cryptocurrencies, safety of one assets becomes a number 1 priority for every investor. With the recent news circulating web about Binance holding all withdrawals from their exchange many people started to wonder what does it exactly mean to own a cryptocurrency and what happens if they will lose access to exchange. Investors starts looking for more risk-free storage for their coins and one of the easiest and most efficent storage programs/devices are crypto wallets

How does it work?

`Every wallet works by number being generated with length that is suitable for given crypto technology. This number is then converted to a private key using crytpographic aglorythm used on a given blockchain. Then using a private key as a ,,base” public key is being generated. The two keys has diffrent usage:private key is used to send and access user crypto and the public key is used for receiving assets from other users,companies etc. Wallet that can be a program online or a physical device, store both keys making transactions possible

Pros of crypto wallets

With wallet and a private key user is the only person with access to their digital crypto. There is no third-party that can monitor and manage assets on a account making user their own bank

Cons

Main negative asspect of crypto wallet is user responsibilty. In case of sharing a private key to someone or losing a seed phrases user can forfeit access to theirs crypto, there is no third party that can return users money.

Sources:

https://en.wikipedia.org/wiki/Cryptocurrency_wallet

https://www.investopedia.com/best-bitcoin-wallets-5070283

https://www.businessinsider.com/crypto-wallet?IR=T