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Switzerland national postal service to debut crypto stamp

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The Swiss crypto stamp is a digital collectible linked to a traditional physical stamp issued by the Swiss Post. The national postal service of Switzerland is working to bridge the gap between physical stamps and the digital cryptocurrency industry by introducing tradable digital stamps. On Sept. 20 the Swiss Post officially announced  the upcoming launch of the “Swiss crypto stamp,” a digital collectible linked to a physical stamp issued by the postal service worth 8.9 francs. The Swiss crypto stamp would provide a digital representation for a physical stamp and will be stored on a blockchain. Buyers will be able to discover a digital twin of their physical stamp online through a QR code printed next to the physical stamp. The crypto stamp’s image will show one of 13 possible designs and can be collected, exchanged and traded online, the Swiss Post noted. The upcoming Swiss crypto stamp will apparently provide an experience somewhat similar to nonfungible tokens (NFT) as some...

$1B science fund seeks blockchain projects to expand human lifespan

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Longevity Science Foundation accepts crypto donations and aims to use technology to advance healthy human longevity. Scientists are continuously pursuing ways to lengthen the human lifespan, and blockchain might have been a missing part of the puzzle. The Longevity Science Foundation, a Swiss entity launched by a consortium of biotech founders, clinicians and leading longevity research institutions, aims to spend more than $1 billion over the next 10 years to find tech-based means to achieve a 120-year human lifespan. The foundation seeks to fund research, institutions and projects that use blockchain and other next-gen technologies to find new horizons in four critical areas of the field, namely therapeutics, personalized medicine, artificial intelligence (AI) and predictive diagnostics. The announcement states that such projects can make a significant difference in people’s lives even within a time window of five years. Applying theoretical longevity concepts to real-world use i...

CoinEx crypto exchange to remove all mainland China users in October

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CoinEx previously blocked access and terminated the registration of new users from mainland China in March 2019. CoinEx cryptocurrency exchange is winding down operations in mainland China to comply with local anti-crypto regulations. The company officially announced  on Sept. 30 that it will completely retire user accounts verified as mainland China citizens as well as those linked to a mobile phone number from mainland China. The exchange has asked mainland China-based users to withdraw their crypto assets from the platform before Oct. 31, 2021. CoinEx then plans to disable accounts with zero assets starting from Sept. 30. “All access will no longer be available to your accounts,” the exchange state Despite CoinEx’s aggressive measures to take down users from mainland China, the exchange will still allow users to withdraw assets after Oct. 31. After the deadline, the “only service available for these accounts will be withdrawal, that is, functions such as deposit and trading...

Germany’s 2021 election: What do parties think of crypto and blockchain?

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Cointelegraph looked into the six major German political parties and found out what to expect from the new government in terms of its crypto regulation. The use of new technologies such as blockchain or artificial intelligence has been in the spotlight lately and gaining more acceptance from governments around the world.  On Sunday, Sept. 26, Germans voted in parliamentary elections that marked the end of Angela Merkel’s 16 years in office. Since 2005, Germany has experienced deep crises, but also unprecedented prosperity. Merkel’s departure creates a power vacuum, but it also creates the chance for a new beginning — with the crypto sector being no exception. But what might this new beginning look like, and what are German parties planning to do to help the crypto market and new technologies like blockchain?  Cointelegraph took a look at the election manifestos, searched for keywords like “cryptocurrencies,” “blockchain” or “digital euro” and asked the parties what they ...

Is $40K Bitcoin the new $10K? BTC holds $43K support as exchange Bitfinex halts trading

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An unexpected problem causes Bitfinex to temporarily shut down, with Bitcoin price action undoing gains in the process. Bitcoin ( BTC ) erased overnight gains on Sept. 30 as sudden problems at major exchange Bitfinex caused a mass outage. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitfinex investigates mystery shutdown Data from Cointelegraph Markets Pro and TradingView  showed BTC/USD losing $43,000 following the news after hitting local highs above $43,800 on Bitstamp. With the source of the issue unknown at the time of writing, traders were left in the dark as an already sensitive crypto market fell back towards es "We are investigating issues with the platform and have to temporarily halt trading," Bitfinex wrote as part of its latest service update . We are investigating issues with the platform and have to temporarily halt trading. We will keep everyone updated on here and our status page https://t.co/u3pYCVVGQq as we know more. We apologi...

NFT trading game Axie Infinity launches AXS staking program

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Axie Infinity players can stake their AXS tokens with rewards to follow up soon. Axie Infinity, a play-to-earn NFT game based on the Ethereum blockchain, announced the launch of the staking program for its native token, Axie Infinity Shards or AXS.  AXS holders can start staking their tokens while the rewards will be activated in 24 hours to ensure all time zones could stake beforehand, according to a Sept. 30 announcement. “Staking is a way for us to reward our community members for having a long-term mindset and locking up their AXS tokens,” the Axie Infinity team said as part of the announcement, adding that by staking, players can earn AXS rewards. The team plans to give voting rights and “a say over the use of the Community Treasury” by staking. The Community Treasury of Axie Infinity  holds more than 18 million AXS tokens worth over $1.4 billion at the time of writing. A total of 2 million AXS tokens will be distributed during the first month of the staking progr...

New Zealand central bank releases issue paper on digital currency

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The central bank of New Zealand has outlined the major benefits of CBDC designs based on blockchain technology. The Reserve Bank of New Zealand (RBNZ)  published an issue paper providing its perspective on central bank digital currencies (CBDC). The paper outlines CBDC purposes, designs, as well as the potential benefits and associated risks. The bank will be seeking comments on the proposed paper until Dec. 6. The document  focuses on a “general-purpose” CBDC that is a digital currency issued to “any individual or business that wants to use it.” “Such a ‘general-purpose’ CBDC would be closer in function to cash and better placed to fulfil the role of central bank money than a ‘wholesale’ CBDC,” RBNZ wrote. The central bank emphasized that a potential New Zealand CBDC would be digital money issued by the bank alongside cash. While the amount of cash in circulation has been growing in New Zealand, it is still used “proportionately less for transactions by most people,” ...