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“# One currency to rule them all: Facebook’s Diem has global ambitions ” The year 2021 seems to be a big year for the blockchain world as several projects, such as nonfungible tokens (NFTs) and centralized decentralized finance exchanges (CeDeFis), are taking the central stage. Also at the forefront is Facebook’s Libra. Not too long…
“# McDonald’s China to give away 188 NFTs on 31st anniversary ” Fast-food giant McDonald’s China released a set of 188 nonfungible tokens (NFT) on Oct. 8 to celebrate its 31st anniversary in the Chinese market. Branded as “Big Mac Rubik’s Cube,” the NFTs will be distributed among employees and consumers as a part of…
“# Successful smart cities will be impossible without decentralized techs ” Smart cities are steadily garnering attention worldwide as they become points of aspiration for many jurisdictions. There is a very clear relationship in these urban utopias between the citizens for whom they are built and the systems, networks and devices that enable their safe,…
“# Navigating the NFT minefield: It should be made easy for first-time buyers ” Whether it’s baseball players or shiny Pokemon cards, collectibles have been a cultural mainstay in human behavior since the Renaissance. Memorabilia from famous films or items of clothing worn by a celebrity can be auctioned and sold for eye-watering amounts. Take…
“# Do you still compare Bitcoin to the tulip bubble? Stop! ” To compare Bitcoin (BTC) to the Dutch tulip bulb bubble is to perpetuate a fallacy. Technology evolves more rapidly than nature, and decentralized networks have more financial utility than a bouquet. Bitcoin is a technology, tulips are plants, and no discerning person would…
“# Twitter and TikTok embrace NFTs: mainstream adoption incoming? ” Twitter, which has seen its user base steadily grow to surpass 185 million users last year, is experimenting with NFTs to allow users to display their collections as their profile pictures. According to Mada Aflak, a senior software engineer at Twitter, the microblogging platform is…
“# Survivorship bias has led to an imbalance in the crypto ecosystem ” With success comes a survivor bias ― the logical error of concentrating on people or things that made it past a selection process while overlooking those that did not ― as well as, potentially, a superiority complex ingrained in those who survived….
“# Sri Lanka appoints committee to implement crypto mining and blockchain ” Sri Lanka joins the global crypto adoption drive after setting up a committee for exploring and implementing blockchain and crypto mining technologies. A letter shared on Oct. 8 by Sri Lanka’s Director General of Government Information, Mohan Samaranayake, shows that the authorities have…
“# DeFi picks up the pace as alternate blockchains and NFTs boom ” As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral part of this growth. The total value locked (TVL) in DeFi protocols…
“# Indian TikTok challenger raises $19M to launch social token on Solana ” Indian short-video sharing platform Chingari is preparing to launch its own blockchain network and social token. Chingari has completed a $19-million funding round to launch its mainnet and conduct a token sale for its Solana-based GARI token in November, the firm announced…