The Linux Foundation, a global nonprofit organization that enables innovation within the blockchain ecosystem through access to open source technology, has announced plans to launch the OpenWallet Foundation (OWF). The OWF is a collaborative effort between companies in the technology and public sector, as well as stakeholders within the blockchain ecosystem, to develop open-source software to support the interoperability of…
Bitcoin’s mining difficulty reached a new all-time high at block height 753,984 from 30.97 trillion hashes to 32.05 trillion hashes. After two difficulty increases during the past month, the network’s mining difficulty jumped another 3.45% higher on September 13. Bitcoin’s Difficulty Reaches 32 Trillion The leading cryptocurrency by market capitalization, bitcoin (BTC), is now a lot more difficult to mine.…
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) disclosed on Tuesday a partnership with fintech company Symbiont to provide more accurate data for financial firms through blockchain technology. Vanguard, Citigroup, American Century Investments, and Northern Trust are among the companies participating in the initiative. According to the announcement, the pilot project “could help providers distribute data in near real time to…
Bitcoin infrastructure provider OpenNode will test a Bitcoin payment processing and payouts solution in the Central Bank of Bahrain’s (CBB) regulatory sandbox, the company announced Sept. 13. This is the latest of several steps the kingdom has taken to join the crypto economy both on its own and as a member of the Cooperation Council for the Arab States of…
In brief NFTs have been widely criticized for their environmental impact, given the energy requirements of top NFT network Ethereum. Ethereum’s upcoming merge is expected to cut the network’s energy use by over 99%. One of the largest criticisms against NFTs will be rendered obsolete in just a matter of hours. That’s because the environmental impact of Ethereum, the largest…
Deposit 1 bitcoin, and get more than 2 bitcoin to play with on BitSpinCasino with a limited-time 130% welcome offer. Limited-time Welcome Offer of up to 3 BTC The launch of BitSpinCasino came with a bang as it opened up for online casino players with a limited-time welcome offer of up to a 130% deposit bonus where players can get…
RRMine Global, a Filecoin service provider offering global cloud-computing asset management, announced Wednesday that it has shut down business operations in mainland China and is relocating its headquarters to Singapore. The company said the decision to move countries and launch upgrades to their system came after the it rebranded from RRMine to RRMine Global. RRMine Global is ending its operations…
Bitcoin’s total hash rate has hit a new all-time high, according to Coin Metrics data, only weeks after the end of a two-month capitulation period for the industry. Against a more challenging environment, miners are put to the test as to whether they can maintain profitability. Balance sheets are falling under stress as price remains mostly flat while hash rate…
Crypto lending platform Celsius, currently in the middle of bankruptcy proceedings, reportedly plans to rebuild around crypto custody services. According to a Tuesday report from the New York Times, Celsius CEO Alex Mashinsky and head of innovation and chief compliance officer Oren Blonstein aimed to revive the company using a project named Kelvin — storing users’ crypto and charging fees…
In brief Doodles NFT sales volume has jumped more than 1,200% over the past day, with the floor price up 19% in that span. Earlier today, the creators of Doodles announced a $54 million funding round led by Seven Seven Six, the VC firm of Reddit co-founder Alexis Ohanian. Doodles are in demand, and sales are surging following this morning’s…
