Day: September 25, 2020

NFTs paint bright future for artists, blockchain tech

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On Sept. 23, auction-house giant Christie’s announced plans to sell its first nonfungible token, or NFT, at an auction. This was just one week after the record-setting $100,000 sale at auction of a digital art piece that also used a blockchain-based token to vest the collector’s new ownership rights. Meanwhile, Anthony Pompliano, Morgan Creek Digital co-founder and partner, wrote on Sept. 21: “I personally believe that the digital art market cap will grow to become larger than the physical art market cap. This may sound ridiculous today.”  Clearly, the digital…

Dow Rallies as Investors Look Ahead to First Trump-Biden Debate

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The Dow Jones rallied 200 points on Friday. Boeing led the way in the Dow 30, as the tech sector also continues to rally. Investors are now looking ahead to the first presidential debate next week. The Dow Jones rose on Friday, as investors turned their attention to the first presidential debate between Donald Trump and Joe Biden. Dow Jones Rallies for a Second Straight Day A soft start to the day reversed, as all three major U.S. stock market indexes rallied on Friday. The Nasdaq led with a 1.5%…

Chainlink Could Still Set Fresh Lows Despite Yesterday’s 30%+ Rally

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After a multi-week bought of grinding lower, Chainlink saw a capitulatory decline earlier this week that came about in the form of a sharp downturn. This caused LINK to plummet to lows of under $7.50 – marking a massive decline from its $20.00 monthly highs. Following the dip to this price region, the cryptocurrency incurred an influx of buying pressure that caused it to see a massive upswing that led it to highs of $10.50. The significance of this rebound cannot be overstated, as it appears to have fundamentally altered…

Samsung’s new blockchain pilots are all about transparently tracking medicine

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Samsung SDS will conduct a series of pilot projects in November to test blockchain-powered medicine distribution management. The goal of these tests is to guarantee transparency in the process of tracking pharmaceutical drugs. According to Yankup, the IT branch of Samsung Group announced the pilot programs, named “Disruptive innovation technology for tracking drug distribution history,” at the BioPharma Cold Chain Logistics session in Seoul, South Korea. Officials from Samsung SDS also said that they’ve received “several” participation applications for the pilots from unnamed pharmaceutical firms, distributors, and even medical institutions…

Messi’s Message to Luis Suarez Proves Barcelona Rift Will Never Heal

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Lionel Messi is disappointed with the way Barcelona handled Luis Suarez leaving for Atletico Madrid. It’s one more sign the rift between Messi and Barca president Josep Maria Bartomeu will never heal. This will be Messi’s last season as a Barcelona player. Barcelona succeeded in getting Lionel Messi to stay for another season, albeit under duress. But the club shouldn’t count on Messi healing his rift with president Josep Maria Bartomeu any time soon. Not based on the star forward’s barbed comments about Luis Suarez moving to Atletico Madrid. Messi…

Blockchain Bites: Crypto Tax Switcheroo, Stablecoin Confusion, the Post-Capitalist Plunge

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Fintech giant Plaid has quietly added support for two DeFi applications, the IRS wants to know about your crypto holdings and data shows the total value of stablecoins has surpassed the $20 billion milestone.  Plaid <3 DeFiVisa-owned fintech company Plaid, which connects traditional bank accounts to thousands of digital platforms has quietly added support for Dharma’s DeFi wallet and Teller Finance, a DeFi startup bringing unsecured lending to the Ethereum blockchain. CoinDesk’s Ian Allison got the scoop that Plaid’s head of UK, Keith Grose, is a believer in decentralized and open applications,…

Bitcoin Remains Stuck Within Key Trading Range; Levels to Watch For

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The price action seen by Bitcoin throughout the past couple of days and weeks has been rather boring, with the benchmark cryptocurrency caught within a firm bout of sideways trading that has offered little insight into its mid-term outlook. Bulls were able to defend against a break below a crucial level yesterday, with the recent dip below $10,200 being met with serious buying pressure that ultimately led its price to rally back up towards the upper-$10,000 region. After facing some intense selling pressure at $10,800, BTC has been caught within…

New Blockchain Program Aims to Counter Fake Viewer Data, Scam Ads

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Blockchain-enabled video network Theta has partnered with Chainlink to help push back on video advertising scams, the likes of which often pop up promoting “cryptocurrency giveaway” dupes.  Announced on Friday, the solution to counter scam-ads uses video performance data from Theta’s network to assign a “reputation score” for each streamer based on their viewership. Generated using Google’s big data solution, BigQuery, the score is then broadcast onto the Ethereum network using Chainlink’s oracles where advertisers can examine it while deciding to whom to give ads.  Source link

Bitcoin News Roundup for Sept. 25, 2020

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With bitcoin’s best day in two months and a surprisingly positive report out of Chinese state media, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Several Chinese state-owned media have made unusual coordinated reports describing cryptocurrencies as the year’s top performing investment. The Digital Commodity Exchange Act would bring crypto exchanges into a single federal framework, overseen by the Commodity Futures Trading Commission. The draft bill would define bitcoin and other cryptos as “currency” instead of an “asset” for tax purposes.  Original

Inside the blockchain developer’s mind: The governance crisis

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This is Part 3 of a three-part series in which Andrew Levine outlines the issues facing legacy blockchains and posits solutions to these problems. Read Part 1 on the upgradeability crisis here and Part 2 on the vertical scaling crisis here. Upgradeability, vertical scaling and governance: What all three of these issues have in common is that people are attempting to iterate on top of a flawed architecture. Bitcoin and Ethereum were so transformative that they have totally framed the way we look at these issues. We need to remember…