Monthly Archives: November 2020

Etherisc to offer blockchain-based crop insurance to Kenyan farmers

The project aims to provide a blockchain-based parametric insurance platform that helps protect smallhold farmers from the effects of climate change. Today the Chainlink Community Grant program announced funding for a low-cost insurance collaboration between Etherisc, a decentralized insurance protocol, and ACRE Africa, a microinsurance issuer focused on the second-most populous continent on the planet.  According to an announcement from Chainlink, the project aims to build a blockchain-based insurance platform that delivers affordable coverage for the nearly 250,000 smallholder farmers in Kenya, many of whom are expected […]

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Akoin Cryptocurrency Launches in Kenya as Pilot for $6 Billion Akon City

The akoin cryptocurrency, created by famous singer and philanthropist Akon, has started trading on a global crypto exchange. It is also being launched as a means of payment in a tech city in Kenya as a pilot for Akon City, the $6 billion futuristic city that is being built in Senegal. Akoin Crypto Starts Trading and Is Being Used for Payments in Kenya The much-anticipated cryptocurrency created by Senegalese-American star and philanthropist Akon that will be used as the primary currency in his $6 billion Akon City […]

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Big Macs for stacking Sats: Bad Crypto news of the week

Check out this week’s Bad Crypto podcast Bitcoin continues its bull run. The coin is up more than 12 percent over the last week and is now tickling $16,000. According to the Big Mac Index, a Bitcoin will now buy as many as 6,3421.26 of the giant burgers. It’s even passed the monetary base of the Russian ruble, and is on its way towards beating Canada. That will happen when Bitcoin is worth $18,000. It’s almost there. The coin already has a market cap bigger than that […]

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A New York airport test pilots blockchain-based coronavirus cleanliness app

The app will provide travelers at the New York state airport with surface cleanliness data in real-time. With an eye towards the rapidly spreading coronavirus pandemic, Albany Airport has begun experimenting with the “Wellness Trace App” to track the cleanliness of surfaces and objects inside the airport. The app, developed by General Electric Co. (GE) in partnership with TE-FOOD and Eurofins, aims to provide a safe travel experience during and after the coronavirus pandemic. It is built using the Microsoft Azure enterprise blockchain. The app aims to […]

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Bitcoin.com Reveals Limited Edition Bitcoin Cash Wristwatch Crafted by Luxury Watchmaker Franck Muller

The leading cryptocurrency web portal Bitcoin.com has partnered with the Swiss luxury watch manufacturer, Franck Muller, in order to create elegant crypto themed timepieces. The titanium, limited edition functional bitcoin cash watch is called “Free the Money, Free the World” and will be sold for crypto on Bitcoin.com. In the summer of 2019, the luxury watchmaker Franck Muller released a fully functional bitcoin watch called the “Encrypto,” a timepiece that allows the user to store their digital assets in cold storage. This year the Geneva-based watch manufacturer […]

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Value DeFi protocol suffers $6 million flash loan exploit

After a boast about the protocol’s resiliency, Value DeFi loses $6 million to exploit Following a Twitter thread on Friday that highlighted the decentralized finance protocol’s flash loan exploit prevention methodology, Value DeFi appears to have been the victim of a $6 million flash loan exploit.  At roughly 10:45 AM EST, a user took out a flashloan of 80,000 ETH (over $36 million) from lending protocol Aave. Aave developer Emilio Frangella immediately called attention to the loan: 80.000 eth flashloan on @AaveAave https://t.co/ngnHIoNKpi — Emilio Frangella (@The3D_) […]

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Yes, robots will take our jobs — But that’s okay

The negative view on automation isn’t the fault of anyone in particular, it’s simply the way that humanity reacts to innovation. Across numerous industries throughout the decades, there has always been a pervasive fear that robots are going to take our jobs. While there has been plenty of evidence that automation ultimately moves human workers off production lines, automation often needs human interaction in order to operate within acceptable margins. When we think of these robots taking our jobs and get angry, we’re holding on to an […]

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Galaxy Digital Acquires 2 Crypto Firms, Sees Big Wave of Institutional Demand for Bitcoin

Bitcoin Bull Michael Novogratz’s company, Galaxy Digital, has acquired two cryptocurrency firms in preparation to meet a “bigger wave of institutional demand” for bitcoin. Big Wave of Institutional Demand for Bitcoin Incoming Galaxy Digital Holdings announced Friday that it has acquired two cryptocurrency trading firms: Drawbridge Lending and Blue Fire Capital. New York City-headquartered crypto financial services and investment management company Galaxy Digital provides trading, asset management, and investment banking services. “Institutional investors and corporates are becoming more knowledgeable and comfortable with digital assets and they are […]

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Blockchain voting is the alternative for trusted democratic elections

There is a way to give the voting system greater legitimacy and veracity: backing it with blockchain technology. The COVID-19 pandemic has impacted people’s lives, the relationship between governments and citizens, and the entire world economy, and of course, it has had a major impact on the United States presidential election. Due to social isolation, a large number of American voters opted to vote by mail, which increased vote counting time, led candidate and acting President Donald Trump to judicialize the electoral process with actions in several […]

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Inflation games: Bitcoin competes with fiat on value but lacks volume

Amid global economic contraction, Bitcoin appears to be gaining momentum against struggling fiat currencies. Bitcoin being regarded as “sound money” is a common refrain among many proponents of the popular cryptocurrency. With a finite supply of 21 million and a network secured by over 120 exahashes per second of computing power, the consensus among industry commentators has often leaned toward it becoming a global monetary superpower. Barely a decade into its existence, Bitcoin’s inferred value is already the 11th-largest global monetary base. Earlier in November, Bitcoin became […]

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