The alleged stance of Burberry has caused severe hatred for its brand in China with Regina IP, a Hong Kong lawmaker saying she will stop buying the Burberry products. Just recently, the UK took a bold step to impose a sanction on the happenings in Xinjiang, the western Chinese Region. In response, China has also sanctioned some companies and organizations in the UK for peddling falsehood. Burberry becomes the first luxurious company to be affected by these sanctions after its Tartan design hallmark was removed from a popular video game.…
Day: March 26, 2021
NIO Stock Down 8% in Pre-market, Company Announces Halt in Auto Production
Nio has recorded impressive results in auto production in the past two quarters. But the current halt may be risky for the performance of the company. Chinese electric vehicle maker Nio Inc (NYSE: NIO) has announced a halt to its auto production activity for 5 days. According to the official announcement, the suspension of its car manufacturing applies to its Hefei plant and the primary reason cited for this unprecedented move is the shortage in the supply of semiconductors. The challenge of the limited chip supply has been a major…
Microsoft’s Digital ID Network ION Goes Live on Bitcoin Mainnet
The ION network uses Bitcoin Layer 2 solution to verify digital identities in a decentralized manner without relying on any third-party control. The ION nodes can process 10,000 ID requests in a single transaction. On Thursday, March 25, tech giant Microsoft Corp (NASDAQ: MSFT) announced the completion of its Digital Identity Network ION V1. As per the company, ION is a Decentralized Identifier (DID) technology, a framework that authenticates online identities. Similar to the Lightning Network, Microsoft’s ION is the Layer 2 technology launched on the Bitcoin network. However, instead…
Stratis’ InterFlux Protocol Adds Support for Ethereum, Hyperledger, DEXs & DeFi – Press release Bitcoin News
press release PRESS RELEASE. Blockchain as a Service (BaaS) platform Stratis’ support to private and public blockchain solutions, Ethereum and Hyperledger, opens the ecosystem to mainstream adoption by businesses. London, United Kingdom – Stratis is developed to help make blockchain services accessible for businesses worldwide. In pursuit of that aim, it now supports interoperability with Ethereum, allowing firms to tap into the ease of use provided by Stratis Technologies while reaching out to millions of Ethereum users. The launch of its wrapped token (wSTRAX) also brings in a boom for…
SushiSwap launches margin trading with long-awaited Kashi release
Decentralized exchange SushiSwap has released Kashi, a specialized lending platform specifically designed for margin trading on the exchange. Kashi lets traders borrow assets for creating leveraged long and short positions, similarly to other lending platforms like Compound or Aave. SushiSwap’s Kashi aims to be more specialized than other lending protocols, allowing a wider selection of assets available for borrowing. It does so by isolating risk between individual lending pairs, meaning that a collapse in value of one particular asset will not affect all the positions on the platform. While on…
Bison Trails supports Crypto.com’s payments blockchain with key infrastructure
Blockchain infrastructure provider Bison Trails has announced another major industry partnership, this time with Crypto.com, a leading digital currency exchange looking to bring familiar transactional use cases to cryptocurrency markets. Bison Trails is providing key infrastructure to Crypto.org, Crypto.com’s public, open-source payments blockchain. As part of the mainnet launch, Bison Trails will provide reliable validator node infrastructure to optimize validation and governance participation. In terms of technical specifications, Bison Trails will support the mainnet launch with participate clusters, query & transact clusters and seed nodes, the company explained. As Cointelegraph…
Kristin Boggiano – Cointelegraph Magazine
Kristin Boggiano, a lawyer and co-founder of the CrossTower digital asset exchange, developed her ethos on protecting the vulnerable while working and living in the Amazon during the 1990s, helping fight for the rights of the Cofán people against the Big Oil companies. She later worked creating mortgage-based derivatives on Wall Street right before exotic derivatives shouldered part of the blame for causing the global financial crisis, or GFC. In the aftermath, she put her inside knowledge to good use as a regulatory lawyer helping shape market reforms. It was…
Russia’s Hermitage Museum to Host Digital Art Exhibition Involving NFTs
Russia’s Hermitage Museum has confirmed that its 2021 digital art exhibition will involve non-fungible tokens (NFTs). It further acknowledged that NFTs will become a new form of securing rights to artwork using blockchain technology. The NFT frenzy continues with the world’s second-largest museum getting in on the action. In a recent announcement, the Hermitage Museum has confirmed that NFTs will be part of its 2021 digital art exhibition. In a publication, the Museum confirmed that NFTs will be part of the Hermitage 20/21 Project. It further noted that this would…
Powering GPU Mining Risers Safely
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video I talk about the safest way to power GPU mining risers based on ATX standards, cable specifications, and my experiences. Don’t burn your house down. Research: ▶️ Intel Desktop Platform Form Factors Power Supply: ▶️ PCIe Electromechanical Specification: ▶️ All About PC Power Cables: ▶️ Molex Mini-Fit Family Connectors: ▶️ Can I use SATA or Molex for a PCIe Riser?: ▶️ Molex Wiki: ▶️ PCIe Maximum Power Handling Capabilities: Links to support me: ▶️ Red Fox Crypto Discord: ▶️…
Bank of International Settlements Chief Says Cryptocurrencies Being Used to Evade Laws- Advocates for More Regulation – Regulation Bitcoin News
Agustin Carstens, the general manager at the Bank of International Settlements (BIS), has claimed that cryptocurrencies are “used to evade laws and should therefore face more regulation.” Carstens, who has attacked bitcoin in the past, suggests that many crypto assets are “used to do some arbitrage, or to circumvent some regulations.” Carstens Repeats the Same Arguments Speaking during an interview, the BIS general manager also claims that “laws against money laundering and the financing of terrorism were absent in many applications of some cyber currencies.” Still, despite this ongoing opposition…