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The United States military continues to explore blockchain technology to improve its processes. The U.S. Navy has signed a $1.5-million contract with Consensus Networks to develop a blockchain-enabled logistics system named HealthNet back in May. The project, built on Internet of Things-focused blockchain IoTeX, is halfway complete, counting the days for its pilot scheduled for…
“# Finance Redefined: Acala wins Polkadot parachain, and Iota set to launch Shimmer, Nov. 12–19 ” Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. Read on to discover why almost half of the liquidity providers on Uniswap v3 are losing capital due to impermanent loss. What you’re about to read is the smaller…
“# Avalanche soars to new highs after Deloitte adoption — But risks emerge for AVAX price ” Avalanche (AVAX) rose to a new price high on Nov. 18 and posted weekly gains after its developer, Ava Labs, entered a partnership with “Big Four” accountant firm Deloitte. The AVAX price reached a little over $110 after rising…
“# Bacon Protocol offers industry-first ‘NFT mortgages’ ” Decentralized mortgage lender Bacon Protocol has minted its first seven mortgages as nonfungible tokens, or NFTs, offering investors and borrowers new options for accessing the residential mortgage market. The interest rate for each NFT mortgage ranges from 1.5% to 3.1% on properties in four U.S. states, the…
“# BREAKING: The Bitcoin network welcomes Taproot soft fork upgrade ” The Bitcoin (BTC) network successfully activated the Taproot soft fork following a 90% lock-in consensus from miners and mining pools between blocks 709,488 and 709,632. The milestone signifies the first major upgrade for Bitcoin since August 2017, which saw the launch of Bitcoin’s leading…
“# Ascending channel pattern and Ethereum options data back traders’ $5K ETH target ” Ether (ETH) bulls seem excited by the recent $4,870 all-time high that was hit on Nov. 10. While it was a new high in U.S. dollar terms, ETH is still 51% below June 2017’s price in Bitcoin (BTC) terms. But it’s…
“# Crypto has gone from ‘weird’ to ‘cool’ thanks to NFTs says Visa executive ” Visa’s head of crypto Cuy Sheffield said that investing in cryptocurrency has become a lot cooler thanks to an influx of creative types drawn in by the booming NFT sector. Sheffield was speaking on day one of the Singapore Fintech…
“# New York coin launching this week with Mayor-elect Eric Adams’ blessing “ NewYorkCityCoin (NYCCoin) is set to launch on Thursday, with the community-led proposal endorsed by New York City Mayor-elect Eric Adams. The New York-focused cryptocurrency is being launched by CityCoins, the same firm that launched MiamiCoin (MIA). The project utilizes the Stacks protocol…
“# 3 reasons why Kadena (KDA) price went on a 500% parabolic frenzy ” Proof-of-work (POW) blockchain networks were all the rage in the early days of cryptocurrency when Bitcoin (BTC) set the standard for security and other projects followed suit in various attempts to offer a robust, scalable network that would either support payments…
“# ‘Privacy-preserving computing is the future,’ says Secret Network’s Guy Zyskind after Quentin Tarantino NFT drop ” On Nov. 2, award-winning writer and director Quentin Tarantino announced he would auction off seven uncut scenes from Pulp Fiction as nonfungible tokens, or NFTs, built on the Secret Network (SCRT). The digitized assets will include the first…