Day: April 6, 2022

Is Blockchain Technology Future-Proof?

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Blockchain technology is arguably one of the greatest technological advancements of its era, but as technology improves at an exponential rate, can blockchain security keep up? Blockchain security has become a controversial topic in the crypto space due to the large amount of malicious attacks that have recently taken place. Solutions need to be created that can further advance encryption capabilities. How are blockchains secured? Blockchains are secured via a multitude of different consensus mechanisms, but virtually all, Bitcoin included, share the same underlying security protocol called cryptography. Bitcoin, for…

Solana NFT sales pass $1.6B, wash trading on LooksRare and more

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The Solana network is gaining traction among nonfungible token (NFT) traders as total sales have surged past $1.6 billion, making it the third most active blockchain by NFT sales volume. Data from NFT transaction tracker CryptoSlam confirm that total sales on Solana has reached the milestone. Solana’s visibility among traders is clear as it has also ranked second behind Ethereum (ETH) in total sales over the last 30 days. The Ronin sidechain to Ethereum for the Axie Infinity game is still firmly in second place in the all-time figures with…

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Webtoon platform Kakao Piccoma buys 50% of Japan’s Sakura Exchange

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Kakao Piccoma, a Japanese digital comics’ subscription service and subsidiary of the Korean internet company Kakao, has purchased a 50% controlling stake in the Japanese cryptocurrency exchange, Sakura Exchange Bitcoin (SEBC). That makes Kakao its largest shareholder and the deal is also expected to help Kakao offer cryptocurrency services on its Piccoma webtoon platform, and expand aggresively into Web3, according to local media reports. Piccoma is the largest webtoon platform in Japan, and in 2021 its app marked $1 billion in consumer spend after six years in the Japanese market.…

Sneaker Giant Adidas and Ready Player Me Partner to Launch AI-Generated Avatar Creation Platform – Metaverse Bitcoin News

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The German multinational corporation that crafts athletic shoes, sportswear, and accessories, Adidas announced on Tuesday the company is collaborating with Ready Player Me, a cross-game avatar platform for the metaverse. Adidas and Ready Player Me will launch a personality based AI generated avatar creation platform featuring the Adidas Originals’ Ozworld shoe collection. Adidas Collaborates With Ready Player Me Adidas is continuing its path into the metaverse and non-fungible token (NFT) collectibles as the firm announced it has partnered with Ready Player Me on Tuesday. Basically, Ready Player Me is a…

Ethereum Turns Red Below $3.4K, Why Upsides Might Be Capped

Ethereum started a sharp decline from the $3,530 zone against the US Dollar. ETH price dived to $3,260 and is currently correcting higher. Ethereum started a major decline from the $3,530 resistance zone. The price is now trading below $3,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair could face a major resistance near the $3,425 and $3,450 levels. Ethereum Price Dives 5% Ethereum struggled to gain…

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EverLend, First Lending Protocol on Everscale Network, Kicks off Operations With Successful LEND Token Launch – Sponsored Bitcoin News

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sponsored EverLend.app is a secured lending protocol powered by Everscale. The platform was successfully launched on the 18th of March, 2022 together with its own utility token. The platform facilitates DeFi lending by hosting funding pools with interest rates based on Everscale’s asset supply and demand algorithm. EverLend.app is a protocol where users can play the role of provider, borrower, or both, and interact with each other within the protocol to earn or pay flexible interest rates. At its core, it is a secured lending platform that charges interest on…

Who made Forbes annual list?

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The Forbes crypto billionaires list has been updated, and the number of individuals who have made vast fortunes in digital assets has increased substantially. The crypto elite list now has 19 billionaires on it, which is seven more than last year and expands the list by 58%. The publication released its latest crypto richest on April 5, but the king of the crop remains unchanged. Binance CEO and founder Changpeng “CZ” Zhao is still the richest man in the industry and now the 19th richest in the world due to…

The Blockchain Is The Future Of Hollywood, Departing WarnerMedia CEO Says

The blockchain is where the future of movies and entertain is headed. Jason Kilar, who was designated chief executive officer of WarnerMedia by AT&T nearly two years ago, informed the company’s workforce Tuesday that he was resigning after the entertainment giant’s merger with Discovery concludes. As Kilar prepares to depart the media firm he helped usher into the streaming era, he asserts that the blockchain is the future of Hollywood. His departure enables David Zaslav, Discovery’s CEO, to begin assembling his own management team at the soon-to-be-merged firms. Kilar said…