cryptocurrency
Serenity Shield launches First Non-Custodial Private Key Inheritance System
Serenity Shield, an innovative startup focused on providing real solutions to real issues around wealth management in the blockchain sector, has announced a novel non-custodial seed recovery solution aimed at helping crypto users manage their money with regard to inheritance plans. Serenity Shield’s Digital Asset Legacy offers a non-custodial seed recovery solution that can help family members access any crypto inheritance left for them in case of an investor’s sudden death. Losing private keys permanently locks any crypto holdings away’ As a non-custodial product, Digital Assets Legacy provides for a secure mechanism through which an individual can nominate heirs. This way, long-term crypto holders can safely pass down their wallets, proving for further adoption of digital assets as...
Luno Secures 10-Million Customers in over 40 Countries
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Finding the Business Case for Blockchain
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NFT Investments PLC mulls £96M acquisition of Pluto Digital
On Friday, NFT Investments PLC, a U.K.-based blockchain firm that invests in companies operating in the nonfungible tokens, or NFTs, space, announced that it would no longer pursue a 96 million pound acquisition of Pluto Digital. Although it did not directly state its reasons for canceling the deal, NFT Investments wrote: “The company is well-positioned to take advantage of the recent market correction in the blockchain and digital assets sectors by investing at attractive valuations.” Back in January, NFT Investments signed a non-binding letter of intent to acquire Pluto Digital, which builds infrastructure in the decentralized finance, or DeFi, realm, via the new issuance of NFT shares. From last November to March of this year, the blockchain industry witnessed a month-long&n...
RCRDSHP Interview – a unique musical NFT platform whose founder doesn’t want you pumping their cryptocurrency
RCRDSHP is a nascent digital collectables platform, based on the Flow blockchain, with a bit of a twist. Aiming to bring artist and fan closer together through the medium of blockchain, it’s a concept firmly rooted in the metaverse, and the new world. The platform is gamified and provides some interesting options for fans and artist alike, which I’ll dig into below. Like their fellow Flow users, NBA TopShot, the platform at the moment centres around pack drops rather than auctions, something which helps with accessibility. What’s cool is that this accessability is a repeated point of emphasis for the platform, who have made it clear they aren’t interested in the headline-grabbing NFT sales which have begun to occur in the music industry, such as the Weeknd recently selling an NFT for...
Blockstream and Block Inc to build solar Bitcoin mining facility powered by Tesla technology
On Friday, cryptocurrency storage company Blockstream and Block Inc. (formerly Square) announced the construction of a solar-powered Bitcoin (BTC) mining facility in Texas. As told by Blockstream, the mining site will be outfitted with 3.8 megawatts (MW) of electrical capacity using Tesla’s Solar photovoltaic cell array and 12 an MWh Megapack. Manufactured by Tesla Energy, Megapack is a powerful lithium-ion battery that provides energy storage and support. In context, one of the leading publicly listed Bitcoin mining companies, Hut 8 Mining, has about 209 MW in total contracted mining capacity. The purpose of the venture is to investigate the feasibility of operating a zero-emission energy Bitcoin mine. Blockstream and Block began collaborating on the project last June, with Blo...
Vitalik Buterin quietly donates $5M ETH to aid Ukraine as total tracked crypto donations reach $133M
As told by Aid for Ukraine, a joint initiative created by the Ukrainian government, FTX, Everstake and Kuna to rally crypto donations for the country, Ethereum (ETH) co-founder Vitalik Buterin made $5 million worth of ETH donations to Ukraine in early April. According to the entity, despite the large donation sum, Buterin did not make an announcement regarding the transaction. It was eventually linked to him via the Ethereum Name Service domain name “vitalik.eth,” which served as the origin of the transfer. .@VitalikButerin donated almost $2.5M in $ETH to @_AidForUkraine 2 days ago, and didn’t say a word! He’s also donated $2.5M to @Unchainfund. Thanks for your enormous help, Vitalik, and thank you for creating @ethereum! The #Ethereum community is pic.twitter.com/H...
IBM Announces Real-Time AI for Transaction Processing
Image sourced from mobileworldlive.com On Thursday, IBM an international tech company, announced IBM z16, a Telum processor that allows clients to infuse AI inferencing for real-time insights. This innovation is designed to enable clients to analyse real-time transactions, at scale — for mission-critical workloads such as credit card, healthcare, and financial transactions. IBM z16 also is specifically designed to help protect against near-future threats that might be used to crack today’s encryption technologies. “IBM z16 is an essential component for organisations across the African continent as they accelerate their digital transformation journey. By simplifying hybrid cloud adoption, modernizing applications, and keeping data safe, encrypted, and resilient – clients can have the cloud ...
Meta Rumoured to be Working on New Virtual Currency: ‘Zuck Bucks’
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MicroStrategy subsidiary adds another 4,197 BTC to balance sheet
On Tuesday, enterprise software development firm MicroStrategy announced via a filing with the U.S. Securities and Exchange Commission (SEC) that its subsidiary MacroStrategy acquired 4,197 Bitcoin (BTC) ($190.5 million) between February 15 and Tuesday. MacroStrategy has purchased an additional 4,167 bitcoins for ~$190.5 million at an average price of ~$45,714 per #bitcoin. As of 4/4/22 MicroStrategy #hodls ~129,218 bitcoins acquired for ~$3.97 billion at an average price of ~$30,700 per bitcoin. $MSTRhttps://t.co/Z45OuJU5KI — Michael Saylor⚡️ (@saylor) April 5, 2022 The coins were bought at a weighted average price of $45,714, which is roughly equivalent to the price of the digital asset at the time of publication. As a result, MicroStrategy and its subsidiaries now hol...
What Factors Influence Cryptocurrency Prices?
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Bitcoin miner Riot Blockchain files prospectus for $500M stock sale
In a document filed with the United States Securities and Exchange Commission (SEC) on Thursday, Bitcoin (BTC) mining company Riot Blockchain announced that it would be selling up to $500 million worth of common stock to finance general corporate expenses, such as working capital, repayment of corporate obligations, capital expenditures and acquisitions, and investing in existing and future projects. After the offering, the company would have more than 139 million units of common stock outstanding, giving it a market cap of close to $3 billion at Friday’s prices. The company is authorized to issue 170 million units of common stock in total. RIOT’s share price has experienced volatility over the past 12 months. Source: TradingView Currently, Riot Blockchain operates a flee...
