Tag: Digital

OpenSea raises $300 million for encrypted digital marketplace

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The nonfungible token (NFT) market is gaining momentum as the next frontier in collectibles, gaming and the metaverse.  To accelerate this vision, OpenSea announced on Jan. 4 that it has secured $300 million in a Series C funding led by Coatue and Paradigm. OpenSea is a digital market based on the Wyvern Protocol, which is composed of custom-built Ethereum smart contracts that are expressly created for buying and selling unique digital assets. The marketplace was established in 2018. With the most recent investment, OpenSea’s value has now surpassed $13.3 billion.…

China’s Digital Yuan Wallet App Now in iOS and Android App Stores – Regulation Bitcoin News

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China’s central bank has released its digital currency wallet app ahead of the Winter Olympics. The wallet app for the digital yuan, also known as e-CNY, can now be downloaded from the iOS and Android app stores in the country. Digital Yuan Wallet App Now Downloadable From iOS and Android App Stores China’s central bank, the People’s Bank of China (PBOC), has released a pilot version of its central bank digital currency (CBDC) wallet application. Developed by the PBOC Digital Currency Research Institute, the wallet app for e-CNY, also known…

Cion Digital secures funds to expand blockchain orchestration platform

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Cion Digital, a developer for an enterprise SaaS blockchain orchestration platform, announced on Tuesday that it had closed out its recent seed funding round at $12 million. The round was overseen by Green Visor Capital and 645 Ventures who have since joined Cion Digital’s board of directors. Additionally, Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, Greycroft and Ulu Ventures were also participants.  Following the raise, the company said that it intends to allocate these funds toward its new resource and development center in Pune, India in an effort…

Netgear’s Digital Art Frames Will Support NFTs, Owners Can Connect Metamask to Meural Platform – Bitcoin News

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At the Consumer Electronics Show (CES) in Las Vegas, multinational computer networking company Netgear, based in San Jose, California, showcased the company’s Meural digital art frames. According to an announcement, Netgear has added non-fungible token (NFT) tech support, and the Metamask Web3 wallet will be able to sync with the product. Netgear Adds NFT Support to Meural’s Digital Art Platform Non-fungible tokens (NFTs) are very popular and it doesn’t seem like the trend is going away any time soon. For instance, four NFT collections now have billion-dollar market valuations including…

Spain Reduces ATM Numbers to 2002 Levels as Country Moves to Digital Payments – News Bitcoin News

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The number of ATMs in Spain has been progressively shrinking to levels the country saw in the year 2002. Reports from local media suggest these actions have been taken to reduce costs and to push payment and operation digitalization in the sector. The highest number of ATMs was registered in 2008 when there were 61,714 active machines in the network. Banks in Spain Reduce ATMs The number of ATMs in Spain has dropped to its lowest level since 2002, when the network had 1,795 more ATMs than it…

China’s central bank releases pilot version of digital yuan wallet

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As China’s central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital yuan wallet application on mobile phone app stores. The People’s Bank of China (PBOC) digital currency research institute developed the “e-CNY (Pilot Version)” app, which was available for download on Chinese Android and Apple app stores on Tuesday in Shanghai. According to a tweet from BlockBeats, a local news source, individual users in China now can download an earlier version of the app to test opening and…

3Space Art Incetivizing Artists and Collectors to Showcase their Digital Artwork Offline and Online

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The most popular trend of 2021, NFTs, took off ever since the legacy auction house Christie’s sold digital artist Beeple’s artwork for an eye-watering $69 million. Non-fungible tokens (NFTs) have changed the way we think of ownership and unlocked new financial opportunities for creators. While the hype continues to rise to new levels this year and at some point is expected to normalize, it will transform into a much bigger idea that will cover more than simply art but also intellectual property rights, ticketing, music and movies, streaming, medical, video…

The Year Of Crypto, Why Many People Are Going Digital…

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2021 had many great things that helped pushed crypto into a new spotlight, but will 2022 be the year crypto finally makes it break through into many mainstream operations?         Related Reading | ADALend Listed On CardanoCube Why Crypto? Many people are starting to look into cryptocurrency as a way to make purchases, save money, make money, and invest in the long-term. Many things play into factor on why this is happening, but all the talk can’t disprove the numbers, and numbers don’t lie. With Bitcoin leading the…

Mexico Announces It Will Issue Its Own Digital Coin by 2024 – Bitcoin News

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The government of Mexico announced that the country’s central bank will issue its own digital currency. The statement of the official account of the presidency of Mexico informed that the development should be ready towards 2024, and remarked about the importance the technology has for the future of the financial structure of the country. Banxico to Issue Digital Peso A statement issued by the official account of the presidency of Mexico on Twitter reported that the institution was planning to issue its own digital currency. The announcement also…

Ripple Partners With Republic Of Palau To Develop National Digital Currency

Digital payment network Ripple has partnered with the Republic of Palau to develop its own digital currency. The payment network is still on a mission to dominate the global payments industry. That is, despite the issues it is dealing with in the U.S. Related Reading | SEC Takes Blow In Action Against Ripple, Will It Impact XRP Price? Like El Salvador, the country does not have its own fiat currency or even a Central Bank. Its legal tender, instead, is the U.S. dollar. The partnership with Ripple will focus on developing…