Tag: aimed

WEF releases resource suite for CBDCs and stablecoins aimed at regulators and businesses leaders

The World Economic Forum, or WEF, has published a resource suite aimed at informing lawmakers and individuals in the private sector about digital assets including central bank digital currencies and stablecoins. On Nov. 19, the WEF announced its Digital Currency Governance Consortium White Paper Series, a resource suite created by 85 organizations from 40 countries around the world. The publication contains 8 separate white papers exploring topics including the impact of lawmakers regulating stablecoins and central bank digital currencies, or CBDCs, as well as informing them about the risks, benefits,…

the dedicated team aimed at exploring DApps and more

Social media giant Twitter is expanding further into the crypto space by setting up a team to look into decentralized applications, cryptocurrencies, and blockchain. According to a Nov. 10 tweet, Interchain Foundation council member Tess Rinearson will be leading a team at the social media company aimed at cryptocurrencies, blockchain, and decentralized technology. Rinearson said her team would be working with Twitter’s Bluesky project on a decentralized social media platform, as well “exploring how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community,…

Rarible and Adobe form partnership aimed at protecting NFT creators

Software giant Adobe is trying to make it easier for nonfungible token, or NFT creators to prove they are the artists behind their work by linking social media profiles and crypto wallet addresses. In an Oct. 26 announcement, NFT marketplace Rarible said it would be partnering with Adobe, allowing token creators to display the software company’s Content Credentials to verify the authenticity of the digital content. According to Adobe, this feature can add an NFT creator’s wallet address and social media information to the Content Credentials metadata of tokens listed…

Galaxy Interactive raises another $325M fund aimed at Metaverse and next gen games

Galaxy Interactive, a venture capital firm focused on next generation interactive technolo, has announced it has raised $325 million for its second fund from 70 different investors. The fund is focused on virtual and augmented reality, artificial intelligence, and blockchain-based games. In an Oct. 19 announcement, Galaxy Digital, the majority owner of Galaxy Interactive, stated that $150 million from the fund has already been allocated to new portfolio companies including Republic, 1047 Games, Elodie, ROAR, Art Blocks and Masterworks with other additional investments to be announced in coming months. Established…

Tron’s Justin Sun Unveils NFT Fund Aimed at Art Acquisition – Blockchain Bitcoin News

boss

Hot on the heels of a recent winning auction bid for Beeple’s “Ocean Front” NFT, Justin Sun is making another splash in the NFT market following his decision to seed an investment fund that collects high-profile works of art. Fund Just One Leg of Sun’s Ambitions in The NFT Ecosystem Ongoing efforts to digitize art and collectibles have put the spotlight on the blockchain industry once more as dizzying NFT auction results draw high-profile artists and entertainers along with industry insiders competing for market share in the ever-expanding space. In…

Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions

boss

Iran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH/s) in total. According to media reports, the miner has spent $7.3 million setting up the mining facility, located in Iran’s central city of Semnan. It is the biggest mining farm in Iran, say reports, as the country seeks to leverage bitcoin to ease the impact of U.S economic sanctions. The license granted by Iran’s Ministry of Industry, Mine and Trade has…

China Unveils Blockchain Services Network Aimed to Build Ecosystem Along with Hyperledger, Ethereum and EOS

boss

  China’s Blockchain Services Network (BSN), ChinaChain has been opened for commercial use after six months of internal testing. As large gatherings are banned during the coronavirus pandemic, a virtual press conference was held on Saturday in Beijing for the unveiling of the BSN project.    Blockchain.News previously reported that the Chinese government’s State Information Center revealed its plans for its national Blockchain Service Network (BSN), aiming to provide small businesses and individuals to operate blockchain applications easily without using a private blockchain network. The service aims to lower costs,…

Global CDN Blockstack Launches Stacks 2.0 – Servers Driven by Blockchain including Proof of Transfer (PoX) Aimed at User-Owned Internet

boss

Global Content Distribution Network (CDN) and Cloudflare competitor Blockstack has launched Stacks 2.0 Public – a public testnet release that will allow blockchain developers and miners to participate in the deployment of an innovative new consensus mechanism, dubbed Proof of Transfer (PoX), as well as trial Clarity smart contracts that the company has been working on for some time. Blockstack has built the core protocols and is aiming for a user-owned internet. A key milestone on the road to the companies mainnet, the Blockstack PBC will work alongside potential miners…

As ProgPoW Aimed at Stopping ASIC Mining Gets Supporting Votes, New Conspiracies and Debates Appear

boss

Ethereum (ETH) network users have unanimously supported the ProgPoW algorithm, which is expected to make the platform resistant to application-specific integrated circuit (ASIC) miners. Initially, opponents of the update prevailed over supporters by a margin of 96 percent, according to a Cointelegraph report on Feb. 15. The current scenario is exactly opposite, with 94 percent of voters favoring the implementation of ProgPoW, as evidenced by the Etherchain charts. What is ProgPoW? Simply put, ProgPoW is a version of the proof-of-work (PoW) algorithm, which is supposed to smooth the transition of…

Denver to Use Mobile Voting Blockchain Platform Aimed at Overseas Voters in Elections

boss

The capital and most populous city in the United States state of Colorado, Denver, will use a smartphone app based on blockchain technology for casting municipal election this May, PR Newswire reports Thursday, March 7. According to the announcement, the City and County of Denver will implement a mobile voting platform backed with blockchain tech targeting the “active-duty military, their eligible dependents and overseas voters,” who will be able to use their smartphones to participate in the Denver municipal elections. As the article states: “Eligible voters will be able to…