China Daily, an English-language newspaper owned by the Publicity Department of the Chinese Communist Party, wants to create its very own metaverse and nonfungible tokens (NFTs) platform. According to a recent announcement, China Daily is awarding 2.813 million Yuan ($390,000) to a third-party contractor that can design the NFT platform within its budget specifications. The contractor can be “either a…
As death tolls continue to climb and violence spreads in the rapidly escalating clash between Israel and Gaza that broke out on Saturday, cryptocurrency has emerged as a go-to fundraising tool across the region. On Monday, a coalition of Israeli crypto executives announced the creation of Crypto Aid Israel, a fund designed to collect donations in 12 cryptocurrencies from across…
Bitcoin forks Bitcoin SV and Bitcoin Cash have been hit hard by today’s dip in crypto prices. Bitcoin SV (BSV) is down over 6% in the past day, currently changing hands at $32.66 per coin, data from CoinGecko shows. The normally obscure asset—the 56th biggest virtual currency by market cap—has also plunged by 15% in the past seven days. While…
The astrology-themed NFT project Lucky Star Currency (LSC) has performed an exit scam for over $1 million, according to an October 9 report from blockchain security firm Certik. The project’s deployer account called the ‘withdrawToken’ function on both the NFTMerge and AdwardCenter contracts, removing over $1 million in LSC from them. These tokens were then swapped for Binance USD (BUSD)…
Porn has always been an early adopter of emerging tech. Without adult entertainment, “there’s a very good chance that the VCR might never have taken off,” author Patchen Barss writes in The Erotic Engine. Same can be said of many technological advancements, like the switch from HD-DVDs to Bluray and the ease with which people can make online payments. Fast forward…
Former FTX CEO Sam “SBF” Bankman-Fried has been on trial since Oct. 3 in a federal court in New York, accused of seven counts of fraud and conspiracy to commit fraud on FTX investors and customers. As expected, the Department of Justice (DOJ) is employing a forceful legal approach to demonstrate his offenses, while Bankman-Fried’s defense is offering minimal resistance…
A collective of local leaders in the cryptocurrency space including 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, BlockchainB7, Efficient Frontier, Ironblocks Israel Blockchain Association, and Bits Of Gold have joined together to establish Crypto Aid Israel, a global fundraiser to help displaced Israeli citizens in need of humanitarian aid. The ongoing and unfolding conflict has taken a heavy toll on the local…
Bitcoin application-specific integrated circuit (ASIC) manufacturer Bitmain has paused employee salary payments for September and beyond. According to recent local news reports, citing multiple Bitmain employees familiar with the matter, the firm has allegedly cut all “bonuses and incentivizes” for its staff and still has not paid remuneration due since last month. In addition, employees face a 50% cut to…
The Ethereum Foundation, a non-profit organization responsible for developing and promoting Ethereum, has converted 1,700 ETH worth $2.76 million to Circle’s USDC stablecoin. Crypto analytics firm Scopescan reported the transaction this morning as the foundation converted Ethereum for USDC via Uniswap. In a report from April 2022, the Foundation disclosed it had around 395,000 ETH representing 0.297% of Ethereum’s total…
Photosynthesis—the process by which plants turn sunlight into food—may be for many people a reminder of high school science class and nothing more. But a growing number of scientists, tech entrepreneurs, and health gurus are considering whether it may be possible for human beings to somehow replicate or at least approximate the way that plants gather nutrients to sustain and…
