Category: Technology

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Blockchain to Play Crucial Role in VR-Powered Social Media

Blockchain and VR-powered social media platform Sensorium has joined the Global Blockchain Business Council. Virtual reality media platform, Sensorium, has announced its membership in the Global Blockchain Business Council, or GBBC — a Swiss-based non-profit industry association for blockchain. Sensorium will participate in GBBC’s upcoming virtual forum on May 28, which will see the firm’s…
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Documentary Review – Banking on Africa: The Bitcoin Revolution

A new crypto documentary promises to tell the story of how cryptocurrency can affect social change across the African continent. Another week, another cryptocurrency documentary review… Although Banking on Africa: The Bitcoin Revolution, released May 22, promises something a little different. For a start, amongst the usual crypto-101 and industry-overview fare, a focus on how…
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South Korean University Announces New Blockchain Campus

A Daegu-based university has made a deal with the Korea Artificial Intelligence Association to build a blockchain campus. South Korea’s Suseong University reached a deal on May 22 with the Korea Artificial Intelligence Association, or KORAIA, to create a blockchain and AI campus in Daegu. According to the announcement published by local media outlet Money…
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Digital Currencies Could Threaten US Geopolitical Power, Warns JPMorgan

“There is no country with more to lose from the disruptive potential of digital currency than the United States,” say analysts at JPMorgan Chase & Co. “There is no country with more to lose from the disruptive potential of digital currency than the United States.” So goes the stark warning from analysts at the U.S.’…
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Coinbase CEO Suggests Dodging ‘Mean, Snarky’ Media

Coinbase CEO Brian Armstrong is one of many crypto executives who prefers writing a blog to answering questions from mainstream journalists. Coinbase chief executive Brian Armstrong says that company leaders are increasingly opting to avoid mainstream journalists by speaking directly to audiences on unmediated social media platforms. “Our customers are on YouTube/podcasts/social media — not…
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UAE Startup Relies on Blockchain Technology to Flatten COVID-19 Curve

Blockchain-based solution may help to contain the growing cases of COVID-19 across the UAE. UAE-based startup incubator, in5, is helping to design blockchain-based methods to contain the COVID-19 pandemic in the country and thus flatten the curve. According to a report published on May 20, Liber Health, supported by in5, is one of the platforms…
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Several Chinese Media Outlets Setup a “Blockchain-Powered News” Department

A group of media outlets from China established an alliance to operate a news department based on blockchain technology. A group of 12 Chinese media organizations conformed by television stations, local newspapers, radio stations, and web media allied to create a “blockchain-powered news department” on May 21. According to the report published by China Email,…
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As Bitcoin Halving Dust Settles, Network Awakens to Costly New Reality

Now that the Bitcoin block reward has been halved, BTC’s hash rate and transaction fees are feeling the impact. Things haven’t quite been the same since the Bitcoin (BTC) halving. A substantial number of miners have pulled the plug on their equipment due to the halved reward. Consequently, transaction fees are now considerably higher, the…
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Harmony Blockchain Mainnet Now Supports Staking Along With Sharding

The Harmony mainnet claims to be the first blockchain network to integrate both sharding and staking into its infrastructure. The open blockchain platform Harmony announced that it will now support staking in a bid to create a blockchain infrastructure that attains high scalability without compromising on decentralization. In a press release published May 19, 2020,…
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Overstock Airdrops 4.37m Security Tokens to Shareholders

Overstock has successfully distributed its controversial ‘digital dividend’ security token airdrop. Overstock has successfully distributed its ‘digital dividend’, issuing ‘OSTKO’ security tokens to its stockholders on a basis of one digital token for every ten company shares owned on May 19. In total, 4.37 million OSTKO tokens were airdropped to shareholders via transfer agent Computershare…
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