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“# Rhode Island introduces ‘vital’ blockchain growth act ” A new bill introduced to the Rhode Island state legislature aims to boost the state’s economy by opening up the “Ocean State” to blockchain innovators. Dubbed the Rhode Island Economic Growth Blockchain Act, the bill was introduced on Feb. 8 by Republican House representatives David Place…
“# Binance quietly drops ‘multi-million’ Forbes defamation lawsuit ” The world’s largest cryptocurrency exchange, Binance, has dropped its defamation lawsuit against news publication Forbes and two of its journalists, according to official court documents. Binance Holdings filed a lawsuit against Forbes, along with journalists Michael Del Castillo and Jason Brett in November, following an article…
“# Solana announces DeFi hackathon offering $200k in seed funding ” Solana has announced an upcoming DeFi hackathon offering $200,000 in seed funding from the Solana Foundation. The hackathon, which is scheduled to take place from Feb. 15 through March 1st, will be hosted in partnership with Sam Bankman-Fried of FTX’s Project Serum. Bankman-Fried will…
“# Binance Labs backs Polkadot ecosystem with $2.4m investment in Plasm Network ” Binance Labs has led a $2.4 million Series A funding round for Polkadot-based smart contract platform, Plasm Network. Plasm Network’s funding round is the first investment made using Binance Labs’ $10 million fund to support projects in the Polkadot ecosystem. Plasm is…
“# Chinese GPU miners reportedly bulk buying Nvidia laptops to mine Ether ” Chinese cryptocurrency miners are reportedly buying Nvidia’s new laptops to mine Ether (ETH) amid the altcoin hitting new all-time highs. Nvidia’s latest GeForce RTX 30 laptops have become increasingly popular in China as a tool for mining cryptocurrency, according to several sources. On…
“#Singapore plan to use monitoring app on students’ computers sparks privacy fears” SINGAPORE – A Singapore government scheme to ensure children have access to computers for home learning has raised privacy concerns over monitoring software installed on the devices. The scheme, accelerated by the closure of schools last year during the COVID-19 pandemic, offers subsidies…
“# DeFi snowball will turn into a Web 3.0 avalanche ” Decentralized finance has exploded over the past 12 months. The swapping, staking and yield farming successes have been well touted. The DeFi market cap has reached $45 billion, and there’s over $28 billion total value locked in DeFi today. That’s up from $600 million…
“# Hardware wallet for digital yuan debuts in Xiong’an New Area ” A Chinese banking institution has completed the development of a hardware wallet for the country’s central bank digital currency, the digital yuan According to a Feb. 7 announcement by Xiong’an authorities, the Xiong’an branch of the Agricultural Bank of China in Hebei has…
“# Robinhood and GameStop proved we need a new financial system ” King Midas is most famously remembered through the fable we tell our kids that the king could turn everything he touched into gold. At first, it was a great idea that his greed turned even food into gold, leaving him wealthy but unable…
“# Circling back to blockchain’s originally intended purpose: Timestamping ” What was blockchain technology originally intended for? It’s generally presumed that it was created in 2008 by Satoshi Nakamoto as part of his white paper, creating Bitcoin (BTC). Since Bitcoin would be built on decentralized ledger technology, a blockchain needed to be established as the…