Blockchain and crypto are coming to a local weather station near you – or at least that’s what one group of Athens-based engineers is trying to accomplish. WeatherXM is using a combination of blockchain-based data verification with crypto incentives to get people worldwide to capture their local weather data for more accurate forecasting. Cointelegraph sat down with WeatherXM co-founders, CEO…
This is an opinion editorial by Gaby Vivas, an entrepreneur in Latin America providing outsourcing services worldwide and a long-term investor in bitcoin. El Salvador made history by becoming the first state to use bitcoin as legal tender when it was officially announced by their president in June 2021. The Salvadoran government approved bitcoin as legal tender in a country…
CleanSpark purchased 10,000 bitcoin mining machines from Cryptech Solutions.The purchase agreement had a final valuation of $28 million. CleanSpark now hosts over 37,000 bitcoin miners. CleanSpark Inc., (Nasdaq: CLSK) has acquired 10,000 brand-new Bitmain Antminer S19j Pro units through a $28 million purchase agreement with Cryptech Solutions, per a press release sent to Bitcoin Magazine. “During the tail end of…
The metaverse has potential to transform the way we work, socialize, party and even do business — but looking at the infrastructure that exists right now, and some would accuse this industry of running before it can even walk. Many virtual worlds are making bold promises about what they plan to achieve in the years to come, yet lack a…
A new report from the Korea Institute of Finance (KIF) indicates that growing mainstream adoption of crypto in South Korea could make the traditional financial system “unstable.” KIF’s senior researcher Lee Dai-gi suggested that the growing number of firms investing in volatile cryptocurrencies could experience a loss in profit, which may lead to a “deterioration of asset quality” and risk…
Samson Mow, a well-known Bitcoin proponent, recently took to social media to talk about the centralization aspects of the upcoming Merge, which he claimed isn’t widely known. Ethereum is in the countdown mode after the completion of the Bellatrix upgrade on Sept. 6 and is all set for the official transition between Sept.13-15, depending on the hashrate (computer power) input…
In brief Sorare, the Web3 startup behind NFT-based fantasy sports games, will launch an officially-licensed fantasy NBA platform. The Sorare NBA game will coexist with Dapper Labs’ well-known NBA Top Shot, as well as the NBA’s own The Association project. Sorare’s Ethereum-based fantasy soccer platform helped spearhead the rise of both NFT gaming and digital sports collectibles, and the firm…
This is an opinion editorial by Jaime García, a Salvadoran-Canadian Bitcoin and co-host of Global Bitcoin Fest. Today marks El Salvador’s first anniversary since it adopted bitcoin as a legal tender currency. Depending on who you ask, El Salvador’s efforts have been an utter failure, a resounding success or various stages in between. There is no shortage of opinions, but…
Russia is cooperating with friendly countries on the potential employment of stablecoins in international payments, a top government official unveiled. The news comes after key institutions in Moscow agreed that the Russian Federation needs to legalize cross-border crypto payments in the face of sanctions. Russia Looking to Build Stablecoin Platforms to Facilitate Trade With Partners The Russian government is now…
DeFi protocol Curve Finance may be on the cusp of releasing its new dollar-pegged stablecoin. On Tuesday, the stablecoin’s code was uploaded onto GitHub by its developers. Details are thin at present, but the new code show several smart contract functions for the new overcollateralized stablecoin, Curve’s dollar (crvUSD) was confirmed by protocol founder Michael Egerov at a Web3 summit…
