BNP Paribas Subsidiary Helps Identify $250 Million Leap In NFT Sales
In 2020, the trade volume of the non-fungible token (NFT) market surpassed $250 million, a four times increase from 2019, while the market capitalization of the nascent industry of tokens representing an array of items, including artwork and game collectibles, reached $338 million, according to a report published today with the help of independent BNP Paribas subsidiary, L’Atelier.
Tesla CEO Elon Musk: Bitcoin On ‘The Verge Of Broad Acceptance’
Elon Musk, the billionaire chief executive of electric car-maker Tesla, has said he thinks the soaring cryptocurrency bitcoin is on “the verge” of breaking into traditional finance. Musk, who revealed last month he is open to being paid in bitcoin, made the comments during a wide-ranging interview on the app Clubhouse that also covered manned missions to Mars and Musk’s implantable brain–machine interface Neuralink.
Big Tech’s De-Platforming Binge Highlights The Need For Web 3.0
Following the U.S. Capitol riot last week, the Big Tech leaders simultaneously de-platformed President Trump. Twitter followed suit by suspending 70,000 accounts associated with the far-right QAnon conspiracy theory group. Parler, the social media platform billing itself as a “free-speech paradise” was the next target as Apple and Google banned the mobile app from their app stores and Amazon Web Services stopped hosting Parler’s website.
Ethereum Cofounder Reveals ‘Underrated’ Bitcoin And Crypto Bull Case Amid Massive Price Rally
Bitcoin has exploded since October, climbing from its long-time $10,000 per bitcoin support level to never-before-seen highs of almost $35,000.
Blockchain Is Changing Our World: Here Are The Best Practical Examples Of How It Is Used
The potential of blockchain technology to disrupt nearly every industry in some way cannot be dismissed even though there are still several hurdles to overcome before we see its full transformative impact.
New blockchain platform vows to shake up startups with ‘collabvesting’
A project with big ambitions to become the biggest blockchain ecosystem in 2021 and beyond is building a platform where companies can discover talented freelancers, entrepreneurs can develop business ideas through crowdfunding, and passionate investors can get involved with startups they believe in.
WTO blockchain report says customs remains ‘weak link’ of trade digitalization
Analysts have been categorizing blockchain projects worldwide into a “periodic table” that allows for a granular analysis of the technology’s inroads into global trade. The World Trade Organization and Trade Finance Global have published their latest taxonomy of blockchain projects in international trade, arranged into what they present as a “periodic table” for the industry.
A Blockchain Platform for User Data Sharing Ensuring User Control and Incentives
We propose a new platform for user modeling with blockchains that allows users to share data without losing control and ownership of it and applied it to the domain of travel booking. Our new platform provides solution to three important problems: ensuring privacy and user control, and incentives for sharing.
Binance launches Ethereum-compatible blockchain to pursue DeFi
Binance wants to stay ahead of the DeFi trend. After teasing the upcoming blockchain in April, Binance has launched the mainnet of its Smart Chain — a smart contract-enabled blockchain running in parallel to Binance Chain.
Messari: $500M in BTC tokenized for DeFi is just the beginning
With more than half a billion dollars worth BTC already tokenized, Messari believes that projects bringing Bitcoin to DeFi will emerge as leaders of the crypto sector. Crypto analytics firm Messari estimates that $500 million worth of Bitcoin (BTC) has been tokenized on the Ethereum network for use in decentralized finance (DeFi) protocols.
3 reasons why Yearn.finance YFI price just hit a new high of $18K
Yearn.finance’s YFI token has hit a new all-time high following Aave’s listing and a hint at FTX partnership. YFI, the native token of the Decentralized Finance (DeFi) giant yearn.finance, achieved a new all-time high. It soared by 30% in the last 12 hours from $14,017 to $18,169, entering price discovery.
Geopolitical risks prevail as new players emerge in the crypto mining space
Taras Kulyk, Senior Vice President of Blockchain Business Development at Core Scientific, says that the countries competing to become leaders in the Blockchain space vary greatly in what they can offer to crypto miners.
Browser-based cryptojacking is back as attacks spike 163%
The crypto price surge since March has been accompanied by a wave of cryptojacking attacks according to new research published by cybersecurity firm Symantec. According to the company there was a 163% increase in browser-based cryptojacking activity in the second quarter of 2020. Cryptojacking had previously been in a steep decline from March 2019 due to the shutdown of the mining script maker, CoinHive.
No more cheap electricity for Inner Mongolian crypto miners, officials say
Officials from Inner Mongolia are mulling an electrical policy that would prevent cryptocurrency miners from using inexpensive, state-subsidized electricity. Per the Inner Mongolia Electric Power Group Co, the region expects to recover around 6.732 billion yuan ($977 million) in taxes and fees thanks to these new measures. They additionally expect 4.836 billion yuan ($702 million) specifically from crypto mining activities.
Bitcoin Braced For An Inflation Bombshell
Bitcoin has got a lot of attention in recent months as a potential hedge against inflation. In May, famed hedge fund manager Paul Tudor Jones set the cryptocurrency world alight when he revealed he was “betting on bitcoin” to protect against the “unprecedented expansion of every form of money.”