Day: May 12, 2023

LG Electronics files patent for NFT-trading TV

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South Korean tech company LG Electronics has filed a patent application for its blockchain-based Smart TV that allows users to trade nonfungible tokens (NFTs).  The information was published on WIPO’s global database for intellectual property on May 11. According to WIPO’s documentation, a patent application is published 18 months after the filing date or the priority filing. Based on this timeline, LG’s application was submitted in November 2021. The next steps include substantive examination, followed by granting or refusing legal protection to the invention. According to LG’s application, its technology allows…

House Democrats Consider New Stablecoin Bill Proposal: Source

CryptoX – Cryptocurrency Analysis and News Portal House Democrats on the Financial Services Committee are considering a new version of proposed stablecoin bill weeks after Republicans on the committee introduced their own discussion draft. Source The post House Democrats Consider New Stablecoin Bill Proposal: Source appeared first on CryptoX. CryptoX Portal

Coinbase establishes advisory council with former US lawmakers

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Following some of its leadership team visiting the United Arab Emirates, crypto exchange Coinbase has announced the formation of an advisory council staffed with many former United States lawmakers and industry leaders In a May 12 blog post, Coinbase said its Global Advisory Council would aim to navigate the “increasingly complex and evolving” crypto landscape globally. Former Pennsylvania Senator Patrick Toomey, former Ohio Representative Tim Ryan, former New York Representative Sean Patrick Maloney, and other industry insiders will sit on the council and advise the company on crypto policies. According…

Bitcoin (BTC) Miner Riot Platform Sues Peer Rhodium Enterprises for Alleged $26M in Unpaid Fees

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Riot claims that Rhodium “deliberately miscalculated” how much in hosting fees it had to pay for Riot’s hosting services. The two were supposed to share the net revenue from Rhodium’s mining at the Whinstone facilities, said the lawsuit, which further alleged that the Rhodium entities short-changed Whinstone for $26 million from 2021 to the first quarter of 2023. Original

Ethereum (ETH) Sees Second Outage in 24 Hours

“I wouldn’t say I am concerned but it’s definitely not ideal,” Toghrul Maharramov, a developer at the Ethereum infrastructure startup Scroll, wrote in a message to CoinDesk. “To be able to say whether or not the situation is the fault of the protocol design or an outcome of a bug, we need to first understand what actually happened.” Source

Musk Hires New CEO for Twitter, ‘She Will Be Starting in 6 Weeks’ – Bitcoin News

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Billionaire investor Elon Musk will be stepping down as chief executive of Twitter and taking on other roles in the company. The owner of the microblogging platform revealed he has hired a new CEO, media executive Linda Yaccarino, who should be at the helm of the social media giant in less than two months’ time. Elon Musk to Leave CEO Post at Twitter and Become Company’s CTO Entrepreneur Elon Musk announced he has found someone to replace him as chief executive officer (CEO) of Twitter, making good on a promise…

Bitcoin (BTC) Loses 10% on the Week as Memecoins Like PEPE and DOGE Tumble

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“The hype of meme coins is usually exciting, but often followed by a market crash, similar to what we saw with DOGE and SHIB two years ago,” said Youwei Yang, chief economist at publicly traded bitcoin mining company, BTCM. “The market correction for memecoins this week is largely due to the calm down of the FOMO (fear of missing out) sentiment with these new memecoins.” Original