ConsenSys is set to tokenize smart contract and security auditing services through the upcoming auction of eight “timeboxed” TURN tokens. The Ethereum-focused blockchain software company has developed the offering through its smart contract audit service ConsenSys Diligence. TURN, short for Time-Unit Representative NFTs, will create an open marketplace for security auditing services which are in high demand in the burgeoning…
India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited. However, she noted that “any legislation for regulation or for banning can be effective only after significant international collaboration.” Indian Finance Minister on Crypto Ban and Regulation Indian Finance Minister Nirmala Sitharaman answered some questions about cryptocurrency on Monday…
A blockchain can be seen as a distributed database whose information is stored across every node running the network. Because the database is distributed among those running the network, it guarantees data stored within it is accurate and securely stored. As the name implies, blockchains store their data into blocks that are added to the network as time goes by.…
As the wider crypto market shows signs of recovery, several blue-chip decentralized finance (DeFi) tokens recorded strong gains over the last week. Notably, LDO, the native token of the liquid staking platform Lido Finance, is up an incredible 161% over the past seven days, and is currently trading at a nine-week high of $1.59, per CoinMarketCap. LDO is currently up…
Luana Pinheiro will become the first female UFC fighter to be paid in bitcoin through a partnership with Bitwage. Pinheiro joins her boyfriend Matheus Nicolau who previously adopted a Bitcoin Standard this past March through Bitwage. Bitwage is a payroll service provider that allows anyone in the world to convert their paycheck into bitcoin without employer consent. Bitwage, a payroll…
Ethereum rose for a seventh consecutive session on Tuesday, as prices briefly climbed above the $1,600 level. This move saw the token hit its highest level in over a month, and came as bitcoin also reached a nearly five-week peak, following gains made earlier today. Bitcoin Bitcoin (BTC) was up to start today’s session, however bullish momentum began to fade,…
At the Ethereum Community Conference 5 in Paris, France, a presenter explored decentralized autonomous organizations (DAO) and what countermeasures they could employ against hostile takeovers. Hilary Kivitz, a Web3 advisor and former partner at a16z crypto, discussed protective concepts in traditional finance that can potentially be applied within DAOs to help combat the increasing risk of hostile takeovers. Within DAO…
MetaMundo looks to bring three-dimensional art and assets to some major metaverse environments with the launch of its marketplace and nonfungible token (NFT) architecture. Users from popular metaverses like Decentraland, Cryptovoxels, The Sandbox and Spatial will be able to collect and own NFT assets like galleries, luxury villas, music venues, parks, avatars, vehicles and other creations directly from 3D artists,…
The Canadian band The Carbons got a little more than just a tip during a live performance in Kelowna, British Columbia. When passerby Ben from BTCSessions, a Youtuber and Bitcoin (BTC) educator, saw that the band accepted Bitcoin, he had to send some magic internet money their way. The Carbons’ guitar case. Source: Tomy, the frontman Tomy (frontman for The…
A master plan that aims to see the number of Dubai’s blockchain and metaverse companies grow from the current 1,000 to 5,000 in five years, was recently launched by the kingdom’s Crown Prince Sheikh Hamdan. Known as the Dubai Metaverse Strategy, the plan also seeks to create 40,000 jobs and bring in $4 billion to the Dubai economy. Metaverse Contribution…
