Day: August 26, 2020

JAY-Z’s Music Streaming Service TIDAL Purchased $7 Million Worth of SENSO Tokens

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TIDAL, high-fidelity music and video streaming service owned by JAY-Z, Lil Wayne, Rihanna, Calvin Harris, Daft Punk, and Chris Martin, has purchased $7 million worth of SENSO. This ERC-20 token functions as the in-platform token of Sensorium Galaxy — a social VR platform that allows users to communicate in a new way, attend concerts, dance performances in a virtual alternate universe. This sizable purchase is the result of an exclusive partnership agreement signed between the companies to enable artists on TIDAL to stream their content in the Sensorium Galaxy. “Our…

Coinbase Custody users can now stake Solana

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Blockchain infrastructure provider Bison Trails has expanded its integration with Coinbase Custody to allow the staking of Solana tokens. In an Aug. 27 announcement, Bison Trails stated that Coinbase Custody users would be allowed to delegate Solana (SOL) tokens to Bison Trails’ enterprise-grade validators.  Bison Trails has offered support for Solana — a layer-one blockchain solution that aims to provide high scaling without sharding — since March, allowing token holders to run their own validators or delegate to the Bison Trails validator. In April, the infrastructure platform first collaborated with…

Dow Futures Are Flat Today

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Dow futures traded narrowly lower on Wednesday after the index snapped a three-day winning streak on Tuesday. Some Federal Reserve officials are growing concerned a “double-dip” recession could batter the U.S. economy. Fed Chair Jerome Powell has a plan – but will it be enough? U.S. stock futures diverged on Wednesday, mirroring their performance from the previous session. The S&P 500 and Nasdaq are poised to climb to new highs, while the Dow Jones Industrial Average (DJIA) is trading narrowly in the red. Dow Futures Trade Cautiously as ‘Jackson Hole’…

China Digital Currency Battle Heats Up as Fed Enlists Help From MIT

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Just when you thought China was advancing unopposed in the national digital currency race, the Fed finally steps up. The Federal Reserve Bank of Boston, in conjunction with the Massachusetts Institute of Technology, is developing a digital currency geared towards “central bank use.” On that, Boston Fed Assistant VP Robert Bench said developing the project is about balancing progress with maintaining system integrity. “Within something as important as the U.S. dollar, we need to move fast, but deliberately, because this is the highest possible stakes.” But he was quick to…

China Plans to Use Its Digital Yuan During 2022 Winter Olympic Games

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As China expands its pilot testing, the country plans to launch its digital yuan for use before the 2022 Winter Olympic Games. The People’s Bank of China plans to use the digital yuan at the 2022 winter Olympic games in Beijing. Although there is no schedule for the rollout, the Chinese central bank is presently conducting internal tests in Shenzhen, Suzhou, Xiong’an and Chengdu. Before now, the People’s Bank of China has been developing its own digital currency. In April, China began the trial of its digital yuan in Xiong’an…

Meghan Markle & Prince Harry are Becoming Freeloading Millionaires

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Finding Freedom, the Meghan Markle PR puff-piece masquerading as a biography, describes all of the freebies and discounts the Hollywood Royals have enjoyed over the years. Astoundingly, the authors seem to believe that these antics paint Meghan and Harry in a positive light. It doesn’t. All it does is highlight what we already suspected about the Sussexes. To hear both Meghan Markle and Prince Harry speak of their lives, you’d think they had it tough. In an era where millions are losing their jobs due to the recent pandemic and…

Russia’s Sberbank and S7 Airlines to sell flight tickets for tokens

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Sberbank, the largest state-owned bank in Russia, is working with a major domestic airline company to introduce a blockchain-based ticket sale system. Russia’s largest bank is reportedly collaborating with S7 Airlines on a new ticket sale platform that will enable corporate clients with instant settlement through smart contracts and tokens. According to an Aug. 26 report by local newspaper Kommersant, the new system is planned to roll out in September 2020. This would be the first time virtual tokens are used for payment and settlement in Russia, the report notes.…

Top 5 Benefits Of Hyperledger Fabric Developer Experts With Smart Contracts

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Are you interested in exploring the technology that is shaping up the business industry? It is a smart contract. A digital way of signing mutual consent between the involved parties. In simpler terms, smart contracts facilitate validating a treaty between the parties that are involved in the business. Hyperledger explorer smart contracts is a smarter way of validating a transaction or transfer of assets with blockchain being the foundation technology. The tool is highly helpful in creating applications that are powered by the blockchain technology in a framework sharing a…

What Binance’s choice of integration protocol tells us about DeFi projects

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Compound Finance and Kava Labs were chosen as Binance’s two integration partners for the leading cryptocurrency exchange taking its first step into decentralized finance by launching DeFi staking. Time will tell if the benefit of Compound and Kava’s integration will provide value to the crypto community. So far, the indication looks promising, as the new DeFi staking product integration on Binance reached oversubscription in 30 minutes. With Kava launching its testnet soon, thereby allowing for even more than just Binance Coin (BNB) to migrate to its exchange, the bridge to…