Tag: Digital

Shiba Inu Will Tie Digital Identity to All Applications in a Bid to Move Away From Meme Coin Status

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MIT Digital Currency Initiative introduces at-scale, programmable CBDC platform

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The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) has introduced the experimental PArSEC platform. PArSEC — short for “parallelized architecture for scalably executing smart contracts” — is open source and developed with central bank digital currency (CBDC) in mind.  The developers highlighted the platform’s speed. It performed 118,000 ERC-20 transactions per second on 128 hosts — exceeding public permissionless blockchains, they said. The platform was thus capable of handling cross-border contracting and could be used to innovate supply chains and compliance checks as well. PArSEC logo. Source: MIT…

Litecoin Undergoes Third ‘Halving,’ in Milestone for Cryptocurrency Known as ‘Digital Silver’

Both blockchains reward “miners” who process transactions and secure the network, with a reward – a combination of variable transaction fees and a predetermined “subsidy” that gets halved approximately every four years. (With Litecoin, they happen every 840,000 transaction blocks, and the average time to generate each block is about 2.5 minutes.) Source CryptoCurrencyDigitalHalvingLitecoinMilestoneSilverUndergoes CryptoX Portal

Litecoin Blockchain’s ‘Halving,’ Set for Wednesday, Should Harden Supplies of ‘Digital Silver’

Litecoin, like Bitcoin, uses a “proof-of-work” security mechanism – relying on “miners” who expend computational resources to process transactions and secure the network. During that process, miners win rewards – a combination of variable transaction fees and a predetermined “subsidy” that gets halved approximately every four years. (With Litecoin, they happen every 840,000 transaction blocks, and the average time to generate each block is about 2.5 minutes.) Source

European digital asset manager CoinShares’ revenue up 33% in Q2

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CoinShares, a manager of Bitcoin (BTC), Ether (ETH) and various altcoin crypto exchange-traded products (ETPs) in Europe, reported total revenue of 20.3 million pounds ($25.9 million) in the second quarter of 2023, a 33% increase compared wit the prior year’s quarter. According to the Aug. 1 announcement, the firm’s 25% year-over-year decline in asset management fees to 10.6 million pounds ($13.52 million) was offset by a 10 million pound ($12.76 million) gain in capital markets operations, such as trading. CoinShares’ profits for the quarter were 5.3 million pounds ($6.76 million),…

Toyota GR Cup will award digital trophies on Polygon blockchain to race winners

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The Toyota GR Cup, a North American racing series held by Toyota Gazoo Racing, recently announced it will start awarding digital trophies and record driver performances on the Polygon blockchain.  Image source: Toyota press release. Per a press release, the new on-chain awards system will include digital trophies for podium finishers (drivers who take first, second, or third place in a race). The ledger entries will also include statistics about the race and the drivers performance. According to Jack Irving, executive commercial director for Toyota Racing Development (TRD), the point…

Genesis Digital Assets opens three new facilities in South Carolina in US expansion

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Bitcoin miner Genesis Digital Assets (GDA) announced on Aug. 1 that it has launched three new data centers in the U.S. state of South Carolina. The facilities came online in February and March. The facilities are located in the western part of the state, with the first opening in the town of Anderson on the site of an abandoned warehouse. It has a capacity of 18 MW. Facilities were opened between the towns of Union and Lockhart the following month that had a combined capacity of 15 MW. Genesis Digital…

Nomura’s crypto arm Laser Digital bags Dubai VARA license

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The crypto arm of Nomura has obtained an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA) amid the Japanese financial holding’s attempts to leave its mark in the digital asset space. Laser Digital Middle East FZE, Nomura’s Dubai-based digital asset subsidiary, announced on Aug. 1 that the new virtual asset service provider (VASP) license would allow it to offer broker-dealer and virtual asset management and investment services in the emirate. Additionally, the permit allows the firm to conduct trading and asset management operations in the coming months, including over-the-counter…

Laser Digital, Nomura’s Crypto Arm, Receives Operating License From Dubai’s VARA

CryptoX – Cryptocurrency Analysis and News Portal Laser Digital, the digital asset asset subsidiary of financial services giant Nomura, has received an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA), the final stage of the licensing process, the company said in a statement Tuesday. Original Source The post Laser Digital, Nomura’s Crypto Arm, Receives Operating License From Dubai’s VARA appeared first on CryptoX. CryptoX Portal

How digital coins affect the planet

The growing popularity of cryptocurrencies has led to more people looking into how much energy they use and how they affect the environment. Let’s delve into the environmental impact of well-known coins, looking at the technology behind them and the consequences they have on our planet. Ethereum’s evolution toward sustainability Ethereum has cemented its status as a significant player in the blockchain landscape, facilitating the rise of smart contracts and decentralized applications (dApps). However, its influential position comes with an environmental cost. Ethereum recognized this issue and transitioned from the…