Deciding who owns your ‘digital twin’ will make or break the metaverse
Research indicates a secure, biometrically verified digital twin will need to be developed in order for the metaverse to work.
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3K+ Bit Digital hosting partner’s crypto miners go offline after explosion and fire
The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls "hoped to resume within a few weeks." 341 Total views 15 Total shares New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power…
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Amazon Tech Experts-Backed Blockchain CRM Network Raises $3.5M
Cere Network, a San Francisco-based blockchain customer relationship management (CRM) startup, has completed a $3.5 million funding round.The seed round involved major global blockchain investors, including Binance Labs, a venture arm of Binance, the second biggest crypto exchange by trading volumes to date. Other investors included Neo Global Capital, Fenbushi Capital, Arrington XRP Capital, Kenetic…
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In Apparent First, SEC-Approved Security Token Offering Seeks Listing on Coinbase
Singaporean blockchain project BitcoinHD claims to have submitted the first SEC-approved security token offering for prospective listing on major U.S. exchange Coinbase. 2448 Total views 50 Total shares Shortly after sealing an approval from the United States Securities and Exchange Commission for its security token offering, Singaporean blockchain project BitcoinHD (BHD) is seeking a listing…
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Most Digital Tokens ‘Will Go to Zero’ Says Digital Currency Group CEO
Barry Silbert, CEO and founder of Digital Currency Group and Grayscale Investments, said that the majority of digital tokens will not have value in the long run, CNBC reports on Feb. 13.In a purported phone interview with CNBC, Silbert said “I’m not a believer in the vast majority of digital tokens and I believe most…
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Advisory Council of UAE Banks Federation Considers Adoption of Blockchain in Banks
The Advisory Council of the United Arab Emirates Banks Federation (UBF) discussed applying blockchain in its member banks, according to the Dubai-based English language newspaper Gulf News on Dec. 17.The Advisory Council of UBF, a non-profit organization representing 50 member banks in the country, considered using blockchain to improve Know Your Customer (KYC) processes at…
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Debtors saved over $100M using de-pegged stablecoins to repay loans
Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar. 2047 Total views 15 Total shares Own this piece of history Collect this article as an NFTThe depegging of USD Coin (USDC) and Dai (DAI) from the United States dollar prompted a frenzy of…
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HBAR, OP, INJ and RUNE flash bull signals as Bitcoin price looks for stability
Trader sentiment has turned bearish following Bitcoin’s (BTC) 11% slump this week. Although Bitcoin is taking support near $25,000, several analysts are factoring in another leg down toward the crucial $20,000 level.The weakness is not limited to the cryptocurrency markets alone. United States equities markets also witnessed a losing week. The S&P 500 Index fell…
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Decentralized exchanges and aggregators drive DeFi growth
As the decentralized finance segment continues to gain steam despite an overall slump in the crypto space, decentralized exchanges (DEXs) and aggregation services have recently shown sustainable growth. Meanwhile, within the DEX segment, aggregation services have made remarkable progress.DeFi still running strongWhen Bitcoin’s (BTC) exchange rate dropped dramatically in May, some observers feared it could…