Monthly Archives: February 2021

Diem gets closer to launch as Fireblocks and First introduce new payment infrastructure

Fireblocks and First Digital Asset Group have developed a seamless connection to Diem, allowing financial institutions to access the emerging payment network. The platform is still awaiting regulatory approval before it can launch. The Diem Association is progressing towards launch with a new technical upgrade that reportedly allows more financial institutions to connect with the payment network.  Crypto security specialist Fireblocks and First Digital Asset Group, a Diem payment provider, announced Tuesday that they’ve developed a secure wallet and infrastructure that allows financial institutions to facilitate transactions […]

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Christie’s auctions its first purely digital artwork in form of blockchain token

Christie’s to auction its first purely digital work by Mike “Beeple” Winkelmann through an NFT marketplace. British auction house Christie’s has announced the auction of its first ever “purely digital work of art.” Announcing the news Tuesday, Christie’s said that the NFT artwork will be issued in partnership with major NFT marketplace, MakersPlace. Dubbed “Everydays – The First 5000 Days,” the piece was created by Mike Winkelmann, who goes by the name Beeple. According to the official page of the NFT auction, the starting price for the […]

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Ethereum-based domain names go mainstream with Cloudflare integration

Unstoppable Domains’ integration with Cloudflare means any browser on the internet can now access the Ethereum-based .crypto extension. Unstoppable Domains, an Ethereum-based project that allows users to create “.crypto” website URLs, has been integrated into Cloudflare’s Distributed Web Resolver. Following the integration, users will be able to access Unstoppable Domains’ blockchain addresses from any browser. Previously, websites created under Unstoppable Domains’ .crypto extension were only accessible via browsers that had already opted to include access to them. Through Cloudflare’s use of DNS over HTTPS, all web browsers […]

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Microstrategy to Sell $600 Million Worth of Convertible Notes to Buy More Bitcoin

The publicly listed company Microstrategy announced that it has plans to purchase more bitcoin after acquiring 71,079 bitcoin during the last six months. On Tuesday, Microstrategy revealed its plans to sell $600 million in convertible senior notes to qualified institutional buyers in order to use the funds for bitcoin. Selling Convertible Notes for Bitcoin At around 7:59 a.m. (EST) on Tuesday morning, Microstrategy (Nasdaq: MSTR) CEO, Michael Saylor tweeted about a new private sale his firm is committing to in order to sell $600 million in convertible […]

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Bison Trails launches Global Blockchain Sync to enhance node operations, reduce lag times

The platform-as-a-service company has released new functionalities that could greatly enhance the node operations of its clients. For platforms like Polkadot, new validators can be launched in as little as 20 minutes. Bison Trails, a leading blockchain infrastructure company, has launched a new protocol that allows customers to scale their node operations without the lag times that normally accompany such functions. Beginning Tuesday, Global Blockchain Synch, or GBS, will allow Bison Trails customers to address the lag times associated with launching a new node operation. The company […]

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Charter schools in California to use blockchain system to fight COVID-19

A new blockchain system will be used to manage and track COVID-19 exposure among students and staff in multiple charter schools across California state. The new applications and measures being implemented by public health authorities across the world during the COVID-19 pandemic have sparked debate over how to balance biosurveillance with individuals’ right to the privacy of their personal information. In California, the Collaborative Charter Services Organization, which provides administrative support services to charter schools, has chosen to roll out a pandemic management system that prioritizes its users’ […]

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Dubai-based licensing company adopts cryptocurrency payments

Kiklabb has become the first state-owned entity in the United Arab Emirates to accept cryptocurrency payments. According to a report by Arab News on Tuesday, clients of Dubai government-owned licensing firm Kiklabb can now pay for visa fees and trade licenses via cryptocurrencies. The supported crypto payment options are Bitcoin (BTC), Ether (ETH) and Tether (USDT). Commenting on the move, Kiklabb CEO Tasawar Ulhaq said that the decision was in line with the growing appeal of crypto payments in the fintech arena, adding: “It really was just […]

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Polkadot’s roadmap for full launch fuels rally to all-time highs

There is now a clear path to finally using Polkadot, but issues with the testnet suggest there may be delays. The Polkadot (DOT) project released a detailed roadmap on Monday for the highly-anticipated rollout of parachains and slot auctions, which should mark the full launch of the protocol. The roadmap is divided into three main stages. The current phase is the Rococo testnet environment, where developers can test mechanisms to communicate between various Polkadot parachains, its analog of shards. The platform uses a mechanism called Cross-Chain Message Passing-lite, […]

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Chinese lottery service 500.com acquires Bitcoin mining pool BTC.com

Chinese sports lottery service 500.com has entered a share exchange agreement to acquire maror Bitcoin mining pool BTC.com. Chinese sports lottery service 500.com has acquired a major Bitcoin (BTC) mining pool, BTC.com. 500.com has entered into a share exchange agreement with Blockchain Alliance Technologies Holding Company in the Cayman Islands, according to a Feb. 16 announcement. As part of the deal, 500.com will acquire the entire mining pool business of Bitdeer Technologies Holding Company, including the domain name and a cryptocurrency wallet. Both the domain name and […]

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Bitcoin Mining Group Luxor Technologies Announces Pre-Seed Fundraising

Today, bitcoin mining pool and software company Luxor Technologies announced a $725,000 pre-seed fundraising round. Argo Blockchain, Routemaster, Celsius Network, Bitnomial and a number of individuals participated in the round, according to a release shared with Bitcoin Magazine. Among Luxor’s products are Hashrate Index, a transparent source of information on the revenue bitcoin miners should expect; North American bitcoin mining pool software servers; and Luxor Switch, a profit-switching algorithm that transfers miners’ hash rates between blockchains and pays them in bitcoin. The release noted that Argo Blockchain […]

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