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Showing posts from March 26, 2021

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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DMG and Argo to Launch a Clean Energy-Focused Bitcoin Mining Pool

The blockchain and crypto firm DMG Blockchain Solutions has revealed a partnership with the crypto asset mining business Argo Blockchain. The two firms have decided to launch a bitcoin mining pool that’s focused on leveraging clean energy resources. DMG Blockchain Solutions (TSX-V: DMGI) and Argo Blockchain Plc (LSE: ARB) have recently entered into a Memorandum of Understanding to establish Terra Pool. The new bitcoin mining pool aims to utilize clean energy resources and will combine both DMG’s and Argo’s hashrate that uses hydroelectric-power. In recent months, bitcoin ( BTC ) mining and all proof-of-work (PoW) mining, in general, has been criticized for how energy-intensive these networks can be. DMG’s and Argo’s Terra Pool plans to keep bitcoin mining climate-friendly by focusing on clean energy solutions. “DMG’s increased innovative strength and continued focus on eco-friendly bitcoin mining has the opportunity to drive transformations in how the bitcoin mining community ac...
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Italian Copyright Agency Selects Algorand to Create Over Four Million NFTs to Represent Author Rights

The non-fungible token fever witnessed over the last few months is catching the copyright management agencies’ attention. One of them, located in Italy, has chosen a blockchain company to create its own NFTs. SIAE Expects to Guarantee Copyright Protection With NFTs for the Next 139 Years According to the announcement , Società Italiana degli Autori ed Editori (SIAE), founded in 1883, picked Algorand to manage the rights of over 95,000 authors in the form of non-fungible tokens. Both parties had been working on the project since 2019, said Algorand. In a first instance, 4 million NFTs were created to represent selected SIAE authors’ rights. Per SIAE, by digitizing these rights on blockchain technology, authors could ensure that their copyrights are globally protected on a transparent, open infrastructure. Gaetano Blandini, the general manager of SIAE, pointed out that the move seeks to guarantee protection for the next 139 years. He added: We are not interested in building techno...
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Bitcoin Cash-Powered Onlycoins Aims to Compete with the Popular Content Platform Onlyfans

Recently, Bitcoin Cash proponents have been introduced to a new application that competes with the content subscription service Onlyfans. The web portal Onlycoins is a service that is similar to Onlyfans but instead, creators can earn bitcoin cash by posting quality content and gathering subscribers. Youtuber David Bond Features Bitcoin Cash-Fueled Onlyfans Clone The popular Youtuber and BCH supporter David Bond recently published a video for his 501,000 subscribers about a new app that competes with the popular content subscription service Onlyfans. Bitcoin Cash fan and popular Youtuber David Bond discusses the Onlycoins app in his latest video . The London-based Onlyfans basically allows creators to earn money from their fans and individuals get paid from pay-per-view (PPV) features and one-time tips. Bond told his subscribers about a new app called Onlycoins , a platform that offers similar services but pays in BCH and doesn’t take a 20% cut. Because Onlyfans provides the...
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Bitcoin no longer a fringe asset due to US dollar debasement, says Soros Fund exec

Soros Fund Management's CIO said that Bitcoin is no longer out on the fringes, thanks to the debasement of the U.S. dollar over the past year. Soros Fund Management chief information officer Dawn Fitzpatrick said Bitcoin ( BTC ) may once have been considered a fringe asset, but the inflation of the United States dollar has changed that. Speaking to Bloomberg , Fitzpatrick said her firm — an asset management fund created by global investor George Soros — had recently begun to take an interest in Bitcoin. “We think the whole infrastructure around crypto is really interesting, and we’ve been making some investments into that infrastructure — and we think that is at an inflection point,” said Fitzpatrick. That inflection point is coming as a result of fiat inflation, which has seen the U.S. dollar money supply increase by 25% in the past year alone. Fitzpatrick said: “I think when it comes to crypto generally, we’re at a really important moment in time, in that, something like B...
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China’s digital yuan os backup to AliPay and WeChat Pay, says official

Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China. China’s central bank digital currency, or CBDC, will provide backup for major retail payment services like AliPay and WeChat Pay as its key objective, according to an official at the People’s Bank of China. Mu Changchun, head of the People’s Bank of China’s digital currency research institute, claimed that China’s digital yuan is needed to ensure financial stability in case “something happens” to AliPay or WeChat Pay, the South China Morning Post reports . Speaking at an online panel discussion on Thursday, Mu stated that Alibaba’s Alipay and Tencent’s WeChat Pay account for 98% of the mobile payment market in China, which poses certain risks should they experience any issues. “If something happens to them, financially or technically, that would definitely bring a negative impact to the financial stability of China. In order to provide a backup for the retail payment system,...
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Bitcoin buyers mean business as Coinbase reserves drop $8B in 3 months

Demand for Bitcoin remains solid and is fuelling a "supply shock" that shows no sign of abating, even at $50,000 and higher. Bitcoin ( BTC ) may have shed $10,000 in a week but the cryptocurrency's "supply crisis" is more real than ever. According to the latest data from on-chain monitoring resource Glassnode, exchange BTC reserves are at an all-time low. Everyone wants BTC In a telling depiction of investor strategy, exchange reserves have plummeted in recent months — and have continued dropping despite mixed price action. Hodlers, it seems, want to hodl rather than trade or sell, even at all-time highs above $60,000. At Coinbase, the largest U.S. exchange by volume, BTC stocks have crashed by nearly $8 billion at current prices, or 150,000 BTC, since January. A favorite venue for largescale institutional buyers, Coinbase underscores persisting appetite for Bitcoin, Cointelegraph previously reporting on large tranches of BTC leaving its books for cold ...
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RBI Governor Says Government and Central Bank Agree on Cryptocurrency Approach

RBI Governor Shaktikanta Das says that there is no difference of opinion between the Reserve Bank of India (RBI) and the finance ministry on cryptocurrencies. While the finance minister said that the government will not shut off all options and will take a calibrated position regarding crypto legislation, the central bank has voiced some “major concerns.” No Difference of Opinion on Crypto Between RBI and Finance Ministry RBI Governor Shaktikanta Das answered some questions regarding cryptocurrency, the digital rupee, and upcoming digital currency legislation Thursday at the India Economic Conclave organized by The Times Network. There have been questions about whether the finance ministry and the central bank share the same view on cryptocurrency in India. While Finance Minister Nirmala Sitharaman has said that the government will not shut off all options regarding cryptocurrencies and will take a calibrated approach , the central bank has voiced “ major concerns ” about cryptocu...
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Our Man in Shanghai: Digital yuan tests, ‘bear market’ and ‘NFT’ searches spike

Digital RMB testing for cross border payments and electric vehicles continues, sentiment takes a dive and blockchain events return to meatspace. Sentiment in China has slumped as WeChat searches for Bitcoin dropped 7% this week, while searches for “bear market” spiked 102%. One trend that remained strong was NFT-related, with NFTs receiving an 86% increase in WeChat searches over the seven-day period. Token sales were another hot item with interest in Casper Labs surging after signups on CoinList breached 100,000 on global platforms. One high-profile token sale to emerge from China was DAO-as-a-Service platform Dora Factory. The project, backed by DoraHacks, held a public token launch on March 21 with listings on OKEx, Gate and MXC. DoraHacks is well-known for hosting developer events and is one of the most active blockchain developer communities to originate from China. The team will be hosting a global hackathon series in 2021 , landing in regions including Singapore, the United ...
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Jamaica's central bank taps Irish tech outfit for CBDC project

The Bank of Jamaica has partnered with an Ireland-based tech firm for its central bank digital currency project scheduled to begin in May. Jamaica is the latest country making concrete efforts towards issuing its own sovereign digital currency. According to a press release by the Bank of Jamaica on Tuesday, eCurrency Mint, a cryptography security company specializing in central bank digital currency issuance has been selected as the technology provider for the sovereign digital currency project. As previously reported by Cointelegraph, Jamaica’s central bank invited technology solution providers to submit applications for its CBDC project back in July 2020. At the time, the BoJ clarified that its planned sovereign digital currency would not be based on crypto technology. Based in Ireland, eCurrency Mint is reportedly working with central banks and other international finance organizations to develop protocols for CBDC design and implementation. As part of the announcement, Jama...
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Argo Blockchain to launch clean energy Bitcoin mining pool

Hydroelectric energy will power a new Bitcoin mining pool following Argo's partnership with DMG Blockchain. Publicly-traded cryptocurrency mining firm Argo Blockchain will launch a Bitcoin ( BTC ) mining pool powered solely by clean energy, the company announced on March 26. Argo has partnered with fellow eco-friendly mining firm DMG Blockchain to create Terra Pool — a Bitcoin mining pool consisting of a hash rate derived from both company’s hydroelectric power sources, which the firm claims is the first of is kind. Argo Blockchain PLC is a United Kingdom-based mining company with three operational facilities in Canada set up to mine Bitcoin, and the privacy coin, Zcash ( ZEC ). The firm recently acquired a 320-acre plot of land in Texas, which it plans to use to expand its mining operations with an additional 200-megawatts of electrical power, also derived from renewable energy sources. Chief Executive of Argo, Peter Wall, said making Bitcoin more green was a major priority...
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Crypto-focused software firm Lukka raises $53M in funding round

Lukka said it planned to add additional features for customers dealing in derivatives, DeFi products, and other products of the crypto space. Just a few weeks before the filing deadline for U.S. taxpayers, cryptocurrency accounting and data company Lukka said it had raised an additional $53 million in a new funding round. In an announcement today, Lukka said it had completed a $53 million Series D funding round led by Soros Fund Management — a fund created by billionaire investor George Soros — S&P Global, and accounting advisor CPA.com. Lukka said it planned to add additional features for customers dealing in derivatives, DeFi products, and other products of the crypto space. “Innovation in the crypto ecosystem has exposed traditional finance to a new way of exchanging assets around the world,” said Lukka co-CEO Robert Materazzi. “This new capital will help Lukka stay at the forefront of innovation so that we can continue to solve [institutions'] most complex data challen...
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Russia’s Hermitage museum to host NFT art exhibition

The NFT exhibition will be part of the “Hermitage 20/21” project. Russia’s State Hermitage Museum, the second-largest art museum in the world, is preparing to host a digital art exhibition involving non-fungible tokens. Scheduled to take place in 2021, the Hermitage’s NFT project will be Russia’s first exhibition in the field of NFT art, the museum officially announced Thursday. The Hermitage’s contemporary art department is organizing the exhibition, which will be part of its “Hermitage 20/21” project. The announcement read: “Non-fungible tokens have become a new form of securing rights to an artwork using blockchain technology, which allows you to establish unambiguous control over copyright and ownership rights.” The Aksenov Family Foundation — a local cultural and social innovation fund — will be a strategic partner of the Hermitage’s NFT project, which aims to study new forms of audience involvement in cultural practices. Located in Saint Petersburg, the Hermitage is a...
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Study Finds Cryptocurrency Scams Surged 40% in 2020, Forecasts an Increase of 75% in 2021

A new study revealed that cryptocurrency-related scams almost doubled over the last year. However, forecasts are not optimistic going forward, as the report forecasts another significant increase in the number of cases in 2021. Research Scanned Over 300 Million Websites According to the “Cryptocurrency Scam Report” published by fraud prevention company Bolster and shared with Bitcoin.com News, the correlation with the surge of cryptos’ popularity and the coronavirus pandemic boosted the figures of crypto scams in 2020. Bolster analyzed over 300 million websites and found out that more than 400,000 crypto scams were created over the last year. In fact, it represents a 40% increase in comparison with the numbers seen in 2019, said the study. With such a number in place, and considering the bitcoin ( BTC ) becoming increasingly mainstream, crypto scams could witness an increase of 75% in 2021, stated Bolster. Shashi Prakash, co-founder and CTO of Bolster, told Bitcoin.com News: Th...
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