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    The community vote on Terra’s proposal to create a new blockchain ends today, with most Luna holders in favor of the fork. Six hours after the vote, more than 67% voted yes. According to the data, more than 12% opposed the vote and 20% abstained. So far, almost 81% of all LUNA holders have cast ballots. The vast majority of holders who support the proposal appear to be blockchain evaluators. Terra. The proposal calls for the creation of a new Terra chain and the sending of a new Luna token to current holders. The new chain will be released from the UST Staplecoin. When will the new Terra launch? The new channel is expected to launch on May 27, at the suggestion of Terra founder Do Quon. Kwon’s schedule indicates that the Genesis file will be created on May 27, shortly before launch. Terra recently clarified that the new chain is not a tough fork, but rather a completely new blockchain. Kwon and Terraform Labs (TFL) are already collecting snapshot data for Airtrop. Holders of bonds prior to May 9,...
    Fernando Leon/Getty Images Embattled former billionaire Phil Falcone sent a reporter a series of vulgar text messages after she published a story Tuesday about his plans to cash in on cryptocurrency. Falcone is a hedge fund manager who made a fortune after he shorted the housing market before the Great Recession. In the years since he ran into serious financial troubles. Lydia Moynihan, a business reporter with the New York Post, spoke to Falcone about a new venture for which he is seeking investors: a 24/7 TV network called Blockchain TV. The network would devote 100% of its coverage to cryptocurrency. Moynihan touched on the state of Falcone’s finances in the report. He has recently offloaded not only real estate, but also personal items, such as art and furniture, she noted. She added Falcone is currently $100 million in debt and is being sued by the state of New York for back taxes. The former billionaire offered Moynihan very little in the way of comment for her story, but he apparently had plenty to say to her after her report was...
    GENEVA (AP) — FIFA got a first new American sponsor of the men’s World Cup in 11 years on Monday, signing a deal for this year’s tournament in Qatar with blockchain technology provider Algorand. The deal is also a “technical partnership” to help FIFA develop a digital assets strategy, soccer’s world body said. It could help FIFA market soccer-related non-fungible tokens (NFTs). The value of the World Cup sponsorship, at a third-tier regional level covering North American and European rights, was not disclosed. FIFA has set a target of earning $7 billion total revenue in its four-year commercial cycle that ends in Qatar. The deal was announced in Los Angeles where FIFA president Gianni Infantino attended a business conference. FIFA operations are turning toward North America ahead of the expanded 2026 World Cup being hosted by the United States, Canada and Mexico. It should be a commercial boon with 48 teams competing instead of 32, playing a total of 80 games instead of 64. Still, Algorand is the first new U.S.-based sponsor for FIFA’s marquee World Cup since 2011. Johnson...
    I was told there would be millions? This is Part one of a two-part series on nfts. I was very happy not knowing anything about NFTs (non-fungible tokens). In fact, everything I knew came from watching the COVID-19 special on South Park. (Butters kind of nailed it.) Now that NFTs have infiltrated the political world (and more of my friends are getting involved), I decided I need to write about them. In order to do that, I need to understand them. NFTs make it possible to “own” a digital file. Data is added to the file, such as an image, video, or audio, that creates a unique signature that can be sold. The jargon can be painful, but it’s not as complicated as some make it out to be. Not only can you invest in NFTs, most of the stories in the media are along the lines of how NFTs are being used as a get-rich-quick scheme. It is true that some people have made a ton of money creating or selling them, and political campaigns...
    When D.C. United opens its 27th Major League Soccer season this Saturday at Audi Field, the colors will be the same, but the front of the team’s jerseys will be different. The Black and Red will be sporting the logo of blockchain technology provider XDC Network. The partnership between XDC and United is a three-year deal, and according to Pablo Mauer of The Athletic, is worth around $6 million per year to the club. Leidos had been United‘s jersey sponsor over the last eight seasons at a value of around $4 million per year. More D.C. United News More Sports News In a statement announcing the deal, United says the partnership is the first of its kind between a professional sports team in the U.S. and a blockchain network. Through XDC Network’s blockchain technology, fans will be introduced to a one-of-a-kind “Fan Token” program, which will reward fan loyalty through several engagement opportunities, like exclusive experiences and special access. United fans will also be able to interact with NFTs on the XDC Network through an innovative video platform,...
    2023 Alfa Romeo TonaleAlfa Romeo Italian auto brand Alfa Romeo is bringing NFTs, which recently rose to popularity in digital art, to its new Tonale SUV, the company said Tuesday for the vehicle's unveiling. NFTs (non-fungible tokens) are unique digital assets that can't be replaced with something else and are verified and stored using blockchain technology, which makes it difficult or impossible to change, hack, or cheat the system. NFTs have become common with digital artwork but can be used for everything from music to a website domain, and now cars. Alfa Romeo – owned by Stellantis (formerly Fiat Chrysler) – says the Tonale NFT, which it claims to be an industry-first, certifies the car upon purchase then essentially records and stores data during the car's life cycle.2023 Alfa Romeo TonaleAlfa Romeo"Digitalization is a key enabler of our metamorphosis. Tonale is the first car ever to keep a blockchain, non-fungible token. NFTs are based on the same distributed information logic that protects your Bitcoin," Francesco Calcara, head of Alfa marketing and communication, said during a media briefing. "It records all...
    The ability of companies to create their business models by issuing tokens is driving the FinTech industry as we know it. Tokenomics, or the token economy behind these blockchain-based assets, are completely redefining the way companies raise funds and implement business models. However, this evolution has also brought with it complex regulatory, economic and technical challenges that may cause many not to adopt token frameworks. For example, projects offering existing tokens have weak utility behind their tokens. This generally leads to poor demand and purpose behind the token. Other than that, not all projects have the proper knowledge to create a strong token economy, which is vital to the long-term growth of the project. Also, launching a token is tricky as most projects (blockchain-based or not) certainly don’t want their token to be classified as investment securities. Fortunately, IQ Protocol, developed by PARSIQ, can solve all of these problems. IQ Protocol offers an innovative circular economy model that allows projects, companies and organizations to issue and manage compatible tokens. Explanation of the first cryptocurrency SaaS ...
    Lisk Mainnet v2 completed the migration to Lisk Mainnet v3 on August 21, which is the biggest protocol change in the history of the Lisk blockchain, Lisk wrote on its website. The ‘new age’ features include a new extremely secure account management system, up to 98.64% cheaper transactions after moving to a dynamic rate system, and ensured total immutability of transactions. Migration removes all weaknesses from Lisk Mainnet v2 The migration removes all weaknesses in Lisk Mainnet v2 related to accounts, consensus algorithm and fees. The blockchain is now almost completely ready for the next version of interoperability. Built-in typo detection Looking for quick news, tips, and market analysis? Sign up for the Invezz newsletter today. With v3, the new account management system is extremely secure with built-in error detection for typos. This eliminates the need to initialize the account. The old address and identification system was retired and all current accounts were migrated. As a result, addresses have become longer, virtually eliminating the risk of address collisions and ensuring that addresses resist preimage attacks. The account’s private and...
    MEXICO CITY While the global economy continues to seek a course towards its recovery and different sectors gain positioning after the effects of the pandemic; like the Fintech environment, cryptocurrencies are positioned as a disruptive factor in the generation of new specialized employment sources, warns the specialist in digital finance, Alexis Nickin Gaxiola. How legal is it to mine cryptocurrencies? Get to know cryptojacking The businessman also recognizes that, Since before the pandemic, an accelerated increase of up to 106% per year was already seen in the generation of jobs related to Blockchain and cryptocurrencies, registering even during the first months of 2018 an increase of 58%, according to data from the independent employment platform Freelancer.com. The adoption of cryptocurrencies is increasing hand in hand with its regulation in different latitudes of the world, and in a scenario of this nature, companies require professionals with optimal management of Blockchain technology, which also implies the development and management of applications ”. Alexis Nickin stands out as part of the evolution of the financial sector, the accelerated...
    Key facts: Cudo merges blockchain and cloud computing, combining their benefits. When HODL airs in 2022, Cudo will showcase its mining app in episodes. (United Kingdom) Hollywood, La La Land, glitz and glamor, decentralized cloud computing… wait… what ?? One of those seems out of place, doesn’t it? Cudos signs a deal with HODL, a cryptocurrency-themed television comedy series that will air in 2022 and Sator, a new TV fan share token that will launch in August 2021. HODL (Hold On for Dear Life) follows the journey of a young entrepreneur who launches a new blockchain and cryptocurrency project, Aveer, named after his best friend who has disappeared So where does Cudos fit into this? Cudos’ parent company, Cudo Ventures, has spent the last 4 years developing and scaling a global distribution of computing power, with cloud service providers, gamers, and miners bringing their additional computing power to the network in exchange for payments. in multiple different cryptocurrency options, including BTC, ETH, XMR, and ALGO. With a mission to build the world’s largest distributed cloud computing platform by...
    Compartir Tweet Compartir Compartir E-mail Ethereum Polygon’s Layer 2 scaling solution today announced the launch of a new division of Polygon Studios on Tuesday, July 20, which will focus on blockchain games and non-fungible tokens (NFTs). The new studio, Polygon Studios, is divided into two projects: Polygon Gaming Studio and an integrated marketing platform; The above project focuses on providing game developers and creators with decentralized game creation. Polygon said Monday: “With the launch of Polygon Studios, games get 360-degree building support, big-name brands and well-loved franchises can launch on Polygon, and players can experience a whole new world of decentralized gaming and opportunities.” In addition, another project is called Polygon NFT Studio, which is dedicated to helping brands and intellectual property owners develop custom NFT models and markets. Two projects that achieve Polygon’s primary goal are to consolidate Polygon’s current leadership position as the de facto platform for NFT and games. Polygon tweeted that: “We are delighted to be working on this mission of serving as the gateway between...
    The move to establish a global development team came from Doc Coin, the most talked about and highly rising cryptocurrency of the past. Support for applications on the Dogecoin blockchain comes from DogeLabs.IO and AppSwarm.Tocklaps also announced that it is looking for investment partners worldwide. Mobile application development company Appsworm and Blockchain Research Startup Toclaps.O will help a team build applications on the DocCoin blockchain. In addition to DogeLabs.io working on creating advertising applications based on the Dogecoin protocol, AppSwarm also develops mobile-based applications for e-commerce and gaming. Recruitment processes continue around the world The recruitment process for the “Devops” teams to be established worldwide continues in Europe, Asia, South America and Africa. A combination of the terms development (dev) and operation (ops), “devops” is a community of people united from different business lines to provide value to customers. The Dovops groups to be established are responsible for spreading DocCoin-based projects around the world. “Our goal is to create new application areas in DocCoin” Tom Bustamond, CEO of Tokelaps, said in a statement: “As we build our own development teams...
    In this article BTC.CB= ETH.CM= Jack Taylor | Getty ImagesGUANGZHOU, China — Ether, the digital coin linked to the Ethereum blockchain, hit an all-time high of $3,456.57 as the cryptocurrency extends a rally that has seen its price gain around 360% this year. The digital coin pared some of those gains in Tuesday afternoon trade in Asia was trading at $3,271.90 at 12:12 p.m., according to CoinDesk data. Interest in cryptocurrencies has surged over the past year with bitcoin continuously pushing new record highs. A number of factors including rising institutional interest and major companies such as Tesla buying the digital coin have been credited with its rise. Bitcoin has been described as "digital gold" or a store of value in times of geopolitical tumult or financial market volatility as well as a hedge against inflation. But Ethereum is different. It acts more as a platform that developers can build apps on. Ethereum is the name of the network or underlying blockchain technology, while ether is the digital currency used to power the platform. So-called smart contracts are a key...
    In this article ALY-AUAlchemy co-founders Nikil Viswanathan (left) and Joe Lau.Source: AlchemyAlchemy, a start-up subtly powering the recent NFT boom, is raising another round of capital as it tries to keep up with the fast-growing industry. The San Francisco-based company announced an $80 million series B funding round on Wednesday, led by Coatue and Addition. The new cash injection brings Alchemy's valuation to $500 million. Also participating in the round were the Glazer family, who own the Tampa Bay Buccaneers; the band The Chainsmokers; and DFJ Growth -- an investor in Stripe, SpaceX and Coinbase.  Alchemy is benefitting from the recent boom in digital collectibles through the companies it helps power. It's not a blockchain. Alchemy is more of a middleman, sitting between blockchain infrastructure and apps like NBA TopShot that consumers interact with. That building platform has been used to create Dapper Labs, which made CryptoKitties, popular platform NBA Top Shot, the largest NFT marketplace OpenSea and others. The record-breaking $69 million nonfungible token sold by digital artist Beeple, for example, was powered by Alchemy.'Crypto winter' launchThe start-up was founded by...
    Related news The cryptocurrency Ether, the second most popular in the world after Bitcoin, reached a new record price this Friday, once again exceeding $ 2,000 (1,700 euros) after reaching $ 2,082 last week. The rise of the currency used by the Ethereum network occurs when Visa has become the first major payment platform to use USD Coin, a stablecoin backed by the US dollar, to settle crypto transactions through this blockchain. Visa users will be able to exchange USD Coin through the credit card payment network to offset transactions made in fiat currency, a move that is seen as closing the gap between traditional and crypto currencies, MarketWatch explains. Blockchain and Ethereum The payments platform highlights the growing use of decentralized financial applications, operating largely within the ethereum network., to create new blockchain-related applications that take advantage of smart contracts. Decentralized financial networks, or DeFi, allow users to transact without an intermediary and have been widely regarded as one of the most important attractions of crypto assets. Meanwhile, Bitcoin prices rose slightly, 0.51% at the $ 60,000 level...
    An exclusive digital token of a New York Times column about blockchain sold for more than a half a million dollars Wednesday, making history as the news organization’s first sale of its kind. The non-fungible token (NFT) of the Wednesday New York Times column titled “Buy This Column on the Blockchain!” sold for $562,737 after an auction for the one-of-a-kind digital token spurred more than 30 bids, the Times reported. The 14-megabyte token was sold on the online NFT marketplace Foundation and cannot be replicated or counterfeited, giving it considerable value. The Times column is the latest high-profile purchase of a digital token, which has drawn increased attention in the past few months. A digital highlight of professional basketball star LeBron James sold for more than $200,000 and an artist made $69.3 million selling a .jpg file at a Christie’s auction earlier this month. (RELATED: Verified Digital Image Sells For $69.3 Million) “As I watched these riches change hands, I thought to myself: Why should celebrities, athletes and artists have all the fun? Why can’t a journalist join the NFT party,...
    The technology columnist of the newspaper The New York Times Kevin Roose has sold his column this Thursday, in which it deals with the phenomenon of NFTs (non-fungible token or cryptographic tokens) on an NFT platform for $ 563,400 (around 478,000 euros). The bidding for his column published on Wednesday closed today in 350 units of the cryptocurrency Ethereum, that are equivalent to the current exchange rate to more than half a million dollars. NFTs are digital assets that thanks to blockchain technology are registered as unique, irreplicable and whose transaction history can be followed during the origin of the work. This application of the blockchain -chain of blocks- has meant a revolution in digital art, since a creator can register his work as unique and a buyer of the same can certify both its authenticity and the ownership of the work. NFTs open the door to a myriad of applications in creation, exchange and transfer of unique digital content and collectible assets globally with a relatively low cost (minting works and closing transactions on blockchain has a variable...
    New York Times tech writer Kevin Roose announced on Wednesday that he's selling his latest column on the blockchain. “Normally, I’m not allowed to make sales pitches in my columns,” Roose wrote in his Times column published at noon on Wednesday. “But this time is an exception, because what’s for sale is the column itself.” Roose’s column is being sold in an online auction as an NFT, or nonfungible token.  “This is my first experiment — a column about NFTs that is, itself, being turned into an NFT and put up for auction,” he wrote. NFTs are connected to unique pieces of software code that ensure an unalterable record of their provenance is stored on the blockchain, the distributed ledger technology that forms the basis for cryptocurrencies like Bitcoin.  Whoever purchases an NFT can point to the technology as proof that they are the owner of the original item referred to in the NFT code. On March 22, the very first tweet posted on Twitter by its CEO Jack Dorsey was auctioned off as an NFT for $2,915,835.47, two weeks after it was listed for sale....
    BUCHAREST (Reuters) - Romanian blockchain start-up Elrond is preparing to have its new global payments app support Bitcoin this month as it looks to rival more established rivals PayPal or Revolut, its CEO said, as it taps surging interest in crypto currencies. Led by a sharp rise in Bitcoin, digital asset markets rose above $1 trillion in early 2021, as big money managers and companies begin to take the sector seriously. "This transforms what once looked like a Mexican standoff, where potential investors waited on the sidelines, into an arms race," Elrond founder Beniamin Mincu told Reuters. Elrond has developed a new blockchain technology which can process more than 15,000 transactions per second, compared with 7 and 14 transactions per second by Bitcoin and Ethereum, respectively, the world's top two cryptocurrencies. Its digital wallet and global payments app Maiar, which launched on Jan. 31, has propelled Elrond's market valuation to $4.3 billion, according to CoinMarketCap, a price-tracker, and is seen as an easy smartphone gateway to blockchain technology for the general public. While the app currently supports Elrond Gold (eGLD) its...
    The Hollywood film production company, Mogul Productions, announced on February 18 the launch of a platform of the same name, which will allow filmmakers and film fans to choose which films will obtain financing with the new Stars token. The experts behind the production company, assure that it is a decentralized financing platform of films that “will give everyone a voice in the creative process.” In this sense, Mogul will put into operation a platform where filmmakers and film fans can register to create an account that will allow them to enter the white list and in the future access the native token of the platform called Stars. Then they can watch movies at a showcase and use the Stars to vote for the film projects to be financed. Fans bet Stars tokens to vote on which movies they want to get funding. Mogul uses a quadratic voting system to make each vote cast by the same user exponentially more expensive to prevent users rich in STARS from having undue influence over the process. Gagan Grewal, CEO of Mogul Productions....
    According to DCI, the global blockchain market is expected to be worth $ 20 billion by the end of 2024 It is even estimated that 69 percent of banking institutions are experimenting with technology to integrate it into their businesses However, its use cases as a secure and reliable database transcend far beyond the financial environment. For years, Bitcoin has been recognized by countless agents in the world as one of the most important technologies in recent years. It has not only become an ideal investment product, thanks to its high value and resilience to shocks. It also still promises a financial environment where transactions can take place, without the supervision of intermediaries, anywhere in the world. But perhaps his greatest inheritance going forward will be the blockchain. This technology basically allows giving a new level of security to databases. According to Investopedia, a blockchain allows information to be stored and recorded in blockchains, hence its name. The above is not only crucial for anyone to review the entire history of a particular system. It also makes it impossible to...
    By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Tech company Blockstack PBC's digital currency "Stacks" can become tradable by U.S. investors with the launch of its new blockchain early next year, Muneeb Ali, the company's co-founder and chief executive told Reuters in an interview late last week. Under U.S. Securities and Exchange Commission regulations, some cryptocurrencies or digital tokens have been classed as securities as part of efforts to enforce rules against entities failing to register digital currencies or assets sold to investors. With the launch of Blockstack's Stacks Blockchain 2.0 on Jan. 14, 2021, the company's network will be no longer be controlled by any single entity and its Stacks token can no longer be considered a security under SEC regulations, Ali said. This means Blockstack will not be required to submit regular financial reports as a company and its Stacks token can be traded by U.S. investors on U.S. digital asset exchanges. The SEC did not immediately respond to a Reuters request for comment. The Stacks token, which currently trades on exchanges outside the United States, has a market...
    A man is reflected in a sign outside of the JPMorgan Chase headquarters in New York City.Getty Images After years of hype with little to show for it, blockchain technology is on the cusp of a breakthrough: Making money in actual business applications. At JPMorgan Chase, the firm's digital currency JPM Coin is being used commercially for the first time this week by a large technology client to send payments around the world, said Takis Georgakopoulos, the bank's global head of wholesale payments. That development, along with several other behind-the-scene moves, convinced JPMorgan to create a new business to house its blockchain and digital currency efforts called Onyx, Georgakopoulos said last week in a phone interview. The unit has more than 100 dedicated staffers, he said. "We are launching Onyx because we believe we are shifting to a period of commercialization of those technologies, moving from research and development to something that can become a real business," Georgakopoulos said. Initially hyped as a technology that would upend entire industries from finance to manufacturing and agriculture, blockchain has attracted billions of...
    The Thai Central Bank has successfully launched a new blockchain platform for issuing government savings bonds. This platform aims to improve the buying experience for investors, increase operational efficiency and reduce overall cost. The digitalization of traditional financial assets is increasingly noticeable in global finance. The Thai central bank has been working on a blockchain project for more than two years. In less than a week, 50 billion baht or 1.6 billion USD of government savings bonds were sold on the bond market thanks to this project. The DLT Scripless Bond Project applies blockchain technology to develop a secure, reliable and efficient government bond infrastructure. The new infrastructure was successfully commissioned by supporting government savings bonds: “1 Baht Bond” and “Moving Forward”. Total THB 50bn issue was fully allocated to investors ahead of schedule. Investors will benefit from faster receipt of bonds and purchasing bonds from a single bank up to the individual quota. The project would also help service providers reduce operational complexity and lower the overall cost of bond issuance....
    10,000 business creations The blockchain industry in China is not experiencing the crisis. This one saw the creation of 10,000 additional companies in the country between January and July 2020. The data also shows that 2020 could be a record year of dynamism and could surpass the total of 2018 with its 18,500 start-ups. Number of blockchain-related business creations in China – Source: LongHash There is a total of 84,410 companies related to a blockchain activity and approximately 30,000 active companies. Guangdong and Yunnan provinces in southeast China have the most companies. However, the majority of these companies do not have a significant start-up capital. The average share capital is 5,000 yuan, or around 600 euros for 46% of companies. Only 10% of these companies started with a capital greater than 50,000 yuan or about 6,000 euros. ???? To go further: China collaborates with Quarkchain to trace its mineral resources Multiplying initiatives The Chinese government supports large-scale projects to encourage the development of blockchain technology. We can cite the Blockchain Service Network (BSN) platform. This project aims...
    Mathew McDermott, ex head of Cross Asset FinancingSource: Goldman Sachs Goldman Sachs is renewing its push into Wall Street's digital future. The firm made Mathew McDermott, a managing director who ran the investment bank's internal funding operations, its new global head of digital assets last month, CNBC has learned exclusively. The appointment means the newest face of blockchain and cryptocurrency on Wall Street isn't a starry-eyed bitcoin evangelist or ostentatious start-up founder, but a 46-year-old veteran of old-school financing markets. McDermott replaces Justin Schmidt, an M.I.T.-educated former crypto trader and quant who ran Goldman's digital assets team since 2018. McDermott, who is based in London, does have a radical vision for markets, however: A future in which all of the world's financial assets reside on electronic ledgers, and activities that today require squadrons of bankers and lawyers like initial public offerings and debt issuances could be largely automated. "In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on chain," McDermott said...
    Mainnet launch The Elrond Project (ERD), very prominent lately, has launched its mainnet Thursday July 30. The mainnet was accompanied by a new decentralized finance (DeFi) application and a series of new features. ERD token holders will be able to start staking. https://t.co/RCpTGbhfXG – elrond (@ElrondNetwork) July 30, 2020 Elrond wants to redefine public blockchain infrastructure. The project claims to be the first to use Secure Proof of Stake (SPoS) to achieve both speed and security. Mainnet launch follows successful testing of testnet with over 1500 knots in 29 countries. Elrond’s blockchain even peaked at 260,000 transactions per second. ???? To find out more: What is staking and what are its particularities? A rocket called Elrond According to estimates, 40,000 users have already registered on the waiting list for the new mobile and web application called “Maiar” which will allow ERD storage, lending and staking. The team plans to change the number of ERD tokens by reducing the supply of 20 billion to 20 million units. In addition, the issuance rate will gradually decrease by around 10% over...
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