Blockchain

Chinese Tea Retailer Joins the Crypto Mining Industry After Hiring Two Roles to Lead Its ‘Bitcoin Business Plan’

<div class=”featured_image_container”> </div> <strong>A Chinese tea retailer is looking to make its inception into the bitcoin mining business. Publicly-listed Urban Tea announced the expansion of its operations by appointing two executives to pursue its crypto plans.</strong> Urban Tea Praises Cryptocurrencies’ Widespread Popularity Per the announcement, Urban Tea Inc. hired Fengdan Zhou as the company’s new …

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Remastered ‘nyan cat’ art sells for the equivalent of $605k

While the first Christie’s auction of digital artwork backed by NFT (non-fungible token) is still a few days away, one of the most notable sales in that world has already taken place. Chris Torres created the rainbow-streaming animation of Nyan Cat based on his own pet and uploaded it to YouTube in 2011, before recreating …

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Bitcoin’s value just passed $1 trillion

Enlarge Bitcoin’s price soared past $56,000 on Friday, pushing the combined value of all bitcoins past the $1 trillion mark—at least in theory. That’s more than the market capitalization of Facebook, though Apple, Alphabet, Amazon, and Microsoft are worth more. Bitcoin’s value has almost doubled from $29,000 since the start of the year. I say …

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Tezos Announces Major Upgrade to Improve Network Functionality

<div class=”featured_image_container”> </div> <strong>Open-source platform Tezos has just announced Edo, its fifth and most ambitious upgrade to its blockchain to date. This upgrade will add the Sapling protocol, tickets, and a new Adoption Period to support future upgrades that improve network functionality.</strong> Sapling, Tickets, and a New Adoption Period will Bolster Future Upgrades Tezos has …

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Blockchain Firm Asks Nevada State for Permission to Build a Crypto ‘Smart City’ in Storey County

<div class=”featured_image_container”> </div> <strong>A crypto “smart city” could become a reality in Nevada’s desert, as a blockchain firm applied to make it possible. The investment company asked the state of Nevada to form a local government in Storey County.</strong> Crypto City Aims to Host 33 Million Square Feet of Commercial Space According to a report …

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Bluezelle is Resisting Censorship with a New Developer Grant: Interview with Neeraj Muraka

<div class=”featured_image_container”> </div> <strong>Online censorship has taken front and center since the sweeping ban of former U.S. President Donald Trump from every social outlet he’s been a part of. Other high-profile censorship acts, like Amazon removing alt-right social network Parler from its servers and My Pillow CEO Michael Lindell being banned from Twitter have presented …

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Avalanche Crippled by Bug Triggered by Unusually High Volume, Engineer Says

An Ava Labs engineer gave a rundown of the small code bug that severely crippled the Avalanche blockchain earlier this week.  In a Sunday Medium post, blockchain engineer Patrick O’Grady wrote that increased congestion on the network triggered a “non-deterministic bug” related to how the high-throughput, proof-of-stake blockchain keeps track of transactions.  Funds were never …

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Amazon Is Working on Digital Currency Solutions— Pilot Project Set to Launch in Mexico

<div class=”featured_image_container”> </div> <strong>The e-commerce giant is preparing to explore the crypto business, as a recent job listing suggests. Amazon is looking to launch a pilot project in Mexico that seeks to build a team that develops new solutions based on “digital currencies.”</strong> E-Commerce Giant Amazon Seeks to Target Customers in ‘Emerging Markets’ According to …

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Sandbox Games and NFTs: Microsoft and Enjin Issue Minecraft-Compatible Blockchain Collectibles

<div class=”featured_image_container”> </div> <strong>Players who enjoy the best-selling video game Minecraft will be able to transfer blockchain-based non-fungible token (NFT) assets into the game. Microsoft and the company Enjin have issued Minecraft-compatible NFTs in order to celebrate the International Day of Women and Girls in Science.</strong> Minecraft-Compatible Non-Fungible Tokens The video game Minecraft is the …

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A turn for the worse? India’s crypto plan unsettling to local industry

The Indian Crypto community has been involved in discussions with the government about how it should perceive cryptocurrencies and blockchain technology before finding ways to regulate the industry ever since the government placed a now-defunct blanket ban on banks servicing crypto firms in April 2018.  In the latest update, on Jan. 29, the government revealed …

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