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The latest update from Zimbabwe authorities has confirmed that the government is in consultation with the private market to legally adopt crypto payment services. According to local news, the exclusive Computer Society of Zimbabwe information communication technologies Summit saw the Permanent Secretary and Head of e-government Technology Unit in the Office of the President, Charles Wekwete ascertain that the authorities are undergoing talks with the private sector on how to implement crypto payments in routine use.
However, he also noted the drawbacks of the decentralized sphere including, unregistered cross-border movement, externalization of funds, money laundering, and illicit flow of funds to further finance illegal or criminal activities. Wekwete stated that the authorities are working towards carving out policies to protect the consumers as well as facilitate a better future of finance for the nation. Henceforth, the government has approached several sectors to acquire perspectives from different walks of life before making any radical policy changes.
“Governments are still trying to understand and properly trying to create policies on how to deal with it. In our case, initially, we were trying to understand their implication because they are a fundamental departure from previously known financial instruments and there are a lot of fears about cross border movement of funds, money laundering, externalization of funds, and illicit flow of funds to fund illicit issues…So Government has put in place a mechanism to try and gather views from various sectors of society in order to eventually formulate policies. There have been pronouncements by the Minister of Finance and Reserve Bank of Zimbabwe and its such as complex area. Sooner or later Government will make statements but we have not gotten there yet, the consultative process is already underway,” local news quoted Wekwete.
The OG Crypto Legal Tender experiences success
More countries are beginning to follow El Salvador’s evolutionary Bitcoin legal tender implementation. Despite considerable backlash from its own citizens and authorities worldwide, El Salvador’s government stood strong, defending its crypto law. Salvadoran President, Nayib Bukele recently announced the Bitcoin legal tender’s success on Twitter, further noting that profits from Bitcoin purchase will be sponsoring 20 schools and a hospital in the country.
The post This Country could be Next to implement Crypto Legal Tender appeared first on Coingape.


The latest update from Zimbabwe authorities has confirmed that the government is in consultation with the private market to legally adopt crypto payment services. According to local news, the exclusive Computer Society of Zimbabwe information communication technologies Summit saw the Permanent Se...

coingape.com

This Country could be Next to implement Crypto Legal Tender

Adobe Inc., the American multinational computer software company that’s well known for its platforms like Photoshop and Illustrator, has jumped into the non-fungible token (NFT) universe. According to Adobe chief product officer Scott Belsky in a recent interview with The Verge, “NFTs will change creativity.”
New Adobe Photoshop Tool Will Assist NFT Creators in ‘Packaging and Preparing, Along With the Attribution Capabilities’
The software company Adobe has launched a Photoshop tool that allows creators to pre-construct the images for non-fungible token (NFT) applications. On October 26, Scott Belsky, Adobe’s chief product officer, spoke in an interview with The Verge’s Nilay Patel about the firm’s deep dive into the world of NFTs.
The new Adobe Photoshop tool will allow users to add specific credentials so popular markets such as Opensea can read the metadata. During the interview with Patel, Belsky said he was bullish about the NFT industry.
Belsky disclosed that the ‘prepare as NFT’ option would be available by “the end of this month.” However, the new feature has been added to the latest Photoshop release and users can add their NFT credentials.
“It will be able to take whatever you’re working on and it will assist you in packaging it and preparing it along with the attribution capabilities… for some of the popular minting platforms and blockchains out there,” the Adobe executive said.

Adobe Chief Product Officer: ‘No Changes to Photoshop Format — Open-Source Framework’
The Verge’s Patel asked Belsky if there would be any changes to the current Photoshop format and the chief product officer said no. “Yeah, no changes to the format, and the cryptographic signature points to an IPFS (Inter-Planetary File System)-powered system that shows you the attribution data,” Belsky stressed during the interview.
“But again, it’s a decentralized storage source and it’s an open-source framework. So that, again, anyone can cryptographically sign anything from within the tool that’s used to create something and then you leverage the same system,” the Adobe executive further remarked.
The Adobe chief product officer added:
And that’s great, because we don’t want this to be anything that is proprietary to Adobe or part of one of our formats, that would negate the purpose.
The news that Adobe has added an NFT tool to the Photoshop platform follows Deviantart’s collaboration with Opensea, as well. The world’s largest online art gallery and Opensea crafted tech in order to detect potential NFT infringement. “We’ve expanded the scope of our system to identify near matches of minted non-fungible token (NFTs) submitted across the Internet,” Deviantart’s announcement said on July 1.
What do you think about Adobe adding an NFT feature to the popular Photoshop platform? Let us know what you think about this subject in the comments section below.



























Adobe Inc., the American multinational computer software company that&#x2019;s well known for its platforms like Photoshop and Illustrator, has jumped into the non-fungible token (NFT) universe. According to Adobe chief product officer Scott Belsky in a recent interview with The Verge, &#x201C;NF...

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Adobe Jumps Into Non-Fungible Token Ecosystem With ‘Prepare as NFT’ Photoshop Tool

  
DFINITY, the firm behind the ambitious Internet Computer project, has ventured into the non-fungible token (NFT) space with an airdrop, and they went like proverbial hotcakes.



The first NFTs on the Internet Computer blockchain were launched on Sept 2, and they did not last long. DFINITY released 10,000 clown collectible NFTs called ICPunks as a free airdrop on the network to test the system and gauge demand.



ICPunks airdrop goes quick



Within 30 minutes, they were all snapped up according to the DFINITY Foundation which stated that “this signals massive demand for the dApps and services being built on the Internet Computer blockchain.”



The experimental giveaway was a success according to DFINITY in that the system held up, unlike similar incentives which have crashed other platforms.   



“Just as CryptoKitties stress-tested the Ethereum network in 2017, demand for clown punks successfully tested the InternetComputer.”



Success or system crash?



DFINITY added that the launch of the ICPunks “gave the community and DFINITY engineers new data, especially on boundary nodes.”



However, not all users were in agreement with DFINITY’s claims of a successful launch. A number of users who missed out on the airdrop complained about the system not functioning properly. One user stated:



“I was in the discord and also trying to claim an ICPunk & so many people did not even stand a chance due to ICP not being stable.”



While another added:



“The website was down for solid 1 hours. How is it even possible to be finished in under 30 mins. Only bots and maybe 1 or 2 people were able to get it.”



The ICPunks moniker and clown-themed NFT collection was derived from the 1990s hip-hop act Insane Clown Posse. A guide on how to claim an ICPunk using the Internet Computer crypto wallet browser extension Plug was published on Aug 31.



An ICPunks marketplace is planned for Q3, 2021 where users can trade, buy and sell the NFTs for ICP tokens. Later this year, the marketplace will be opened to other NFTs and more collections will be launched on the Internet Computer.



In early 2022, DFINITY will start experimenting with cross-chain solutions, enabling users to bring NFTs to Internet Computer from Ethereum or Binance Smart Chain.



ICP token price reaction



ICP tokens are trading relatively flat on the day at $65.57 at the time of press according to CoinGecko. However, unlike other DeFi or NFT related tokens, ICP has been rather lackluster with its recovery efforts and has only increased by 12% over the past fortnight.



ICP has been range-bound for the past month and is still languishing 90% down from its $700 all-time high on May 10.
  The post 10,000 ICPunks NFT Airdrop Claimed in Under 30 Minutes appeared first on BeInCrypto.


DFINITY, the firm behind the ambitious Internet Computer project, has ventured into the non-fungible token (NFT) space with an airdrop, and they went like proverbial hotcakes.
The post 10,000 ICPunks NFT Airdrop Claimed in Under 30 Minutes appeared first on BeInCrypto.


beincrypto.com

10,000 ICPunks NFT Airdrop Claimed in Under 30 Minutes

The Internet Computer Protocol from the Dfinity foundation is about to get its first stress test with the scheduled launch of the pioneering Non-Fungible Token (NFT) on the decentralized network dubbed ‘ICPunks’. As unveiled by the project, a total of 10,000 ICPunks are meant to be minted, ushering in a more mainstream use case for the blockchain network.
There are many points of attraction for the ICPunks project. The NFT is billed to be given out for free to eligible ICP community members. As noted, a total of 3,000 of the collectibles will be available to claim, a free gift that has even generated much more buzz for the proposed inaugural NFT launch. The ICPunk project has witnessed increased page visits with analytical data reporting over 89,000 users and visitors to the NFT’s website since it went live.

We started a claiming process for the first group from the whitelist. 
A real stress test for the Internet Computer@DFINITYDev @dfinity @dominic_w @beavskis 
But this is just the beginning…  pic.twitter.com/NHoHpp7NxP
— ICPunks (@IcPunks) September 1, 2021

While no sales have been recorded by the protocol, its number of active users per minute is pegged at 9,486, showing increasing demands on the Internet Computer infrastructure.
How Well WIll the ICP Infrastructure Hold?
The launch of the Internet Computer protocol came with a lot of promises. Besides the plan to take on big cloud infrastructure providers including Amazon Web Services and Microsoft Azure, the protocol boasts the capability to right the wrongs in existing blockchain infrastructure including Ethereum, Polkadot and Binance Smart Chain.
With its scalable and low latency transaction feature, a number of layer 2 protocols are already making their way onto the ICP platform. The current tilt towards decentralized finance and NFTs is a deeper dive into the capabilities of any blockchain. While Ethereum is broadly being criticized for its high costs of transactions particularly in the minting of digital collectibles, emerging alternative solutions are not known to fair any better as launch events are often characterized by some form of mishaps with the increased pressure on the blockchain.
With the buzz the ICPunks project has garnered thus far, all eyes are on the Internet Computer, with the plan to see if it will be able to make good on its promises. At the time of writing, ICP is changing hands at $65.28, up 2.25% in the past 24 hours.
The post Dfinity’s Internet Computer to Get its First Stress Test with ICPunk NFT Launch appeared first on Coingape.


The Internet Computer Protocol from the Dfinity foundation is about to get its first stress test with the scheduled launch of the pioneering Non-Fungible Token (NFT) on the decentralized network dubbed ‘ICPunks’. As unveiled by the project, a total of 10,000 ICPunks are meant to be minted, usheri...

Internet Computer price	$41.11
Low - High 24H	$41.09 - $42.59
Market cap	$7.52B
Volume 24H	$201.22M
All time high	$700.65 -94.13% May 10th 2021
All time low	$27.44 50.01% July 20th 2021
Genesis date	N/A

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