Posts filtered by tags: Decentralization[x]


 

Tesla Says It Will No Longer Accept Bitcoin for Car Payments, Citing Fossil Fuel Concerns

Tesla has “suspended vehicle purchases using bitcoin,” CEO Elon Musk tweeted on Wednesday night, allegedly out of concern over the “rapidly increasing use of fossil fuels for bitcoin mining.”Read more...
Tags: Elon Musk, Science, Environment, Tesla, Cryptography, Bitcoin, Currency, Square, Jack Dorsey, Cryptocurrencies, Decentralization, Musk, Digital Currencies, Dogecoin, Business Finance, Payment Systems


Is It Too Late to Invest in Cryptocurrencies?

With the recent upswing in cryptocurrency value during the pandemic, you might be feeling a sensation of intensifying FOMO if you don’t own some already. But are you really missing out, or is crypto an overhyped gamble? Well, the answer really depends on your investing strategy and your appetite for risk. Here’s a…Read more...
Tags: Cryptography, Bitcoin, Currency, Crypto, Lifehacks, Cryptocurrencies, Decentralization, Digital Currencies, Financial Technology, Dogecoin, Business Finance, Payment Systems, Uberisation


CryptoPunks NFT bundle goes for $17 million in Christie’s auction

A lot of 9 CryptoPunks portraits ended up selling for just under $17 million in a Christie’s auction Tuesday evening, marking another substantial moment for NFT art sales. The lot of pixelated portraits were from the collection of the NFT platform’s co-creators Matt Hall and John Watkinson. The CryptoPunks platform is one of the first NFT projects on the Ethereum blockchain. Back in 2017, ten thousand of the procedurally generated characters were given away for free. In the years since, a vibran...
Tags: Startups, TC, Articles, Cryptography, Auction, Christie's, Cryptocurrencies, Blockchains, Ethereum, Cryptocurrency, Blockchain, Decentralization, Christie, NFT, Matt Hall, Joseph Lubin


Mark Zuckerberg Reveals Goat Named Bitcoin but Will Zuck Kill and Eat His Crypto Creature?

Facebook CEO Mark Zuckerberg posted a photo of his two goats on Monday, and the crypto world got pretty excited after hearing the names of Zuck’s four-legged friends: Max and Bitcoin. But are Max and Bitcoin pets or something a bit darker?Read more...
Tags: Facebook, Mark Zuckerberg, Twitter, Science, Film, Cryptography, Bitcoin, The Social Network, Jack Dorsey, Cryptocurrencies, Goat, Decentralization, Digital Currencies, Max, Zuck, Human Interest


Crypto asset manager Babel raises $40M from Tiger Global, Bertelsmann and others

Three years after its inception, crypto financial service provider Babel Finance is racking up fundings and partnerships from major institutional investors. The startup said Monday that it has closed a $40 million Series A round, with lead investors including Zoo Capital, Sequoia Capital China, Dragonfly Capital, Bertelsmann and its Asian fund BAI Capital, and Tiger Global Management. For years, traditional investors were reluctant to join the cryptocurrency fray. But in 2020, Babel noticed that...
Tags: Startups, TC, Asia, Elon Musk, Singapore, Funding, Spokesperson, Tesla, Beijing, Bitcoin, Bertelsmann, North America, Sequoia Capital, Cryptocurrencies, Cryptocurrency, Decentralization


Bitski raises $19 million from a16z to become the ‘Shopify for NFTs’

For every crypto-skeptic that see NFTs as yet another hype bubble, there’s an acolyte who sees NFTs as the key to unlocking the future of the creative web. Bitski, an SF-based startup that builds custom NFT storefronts for brands and creators, is banking on the latter and they have new investors betting the same. The startup tells TechCrunch they’ve raised $19 million in a Series A led by Andreessen Horowitz. The firm joins a host of creators and celebrities including Jay Z, MrBeast, Serena Wi...
Tags: Startups, TC, Technology, Jay Z, Articles, Adidas, Andreessen Horowitz, Cryptocurrencies, Blockchains, Ethereum, Cryptocurrency, Blockchain, Decentralization, NFT, Beeple, Bitski


New Bill Would Ban Bitcoin Mining Across New York State for Three Years

A new bill that hit the New York state senate on Monday is aiming to put a multi-year pause on crypto mining operations across the state until authorities can fully suss out what that mining is doing to the climate and local environment. Bill 6486 is being spearheaded by state Sen. Kevin Parker, who had previously…Read more...
Tags: Elon Musk, New York, Science, Environment, Cryptography, Bitcoin, Currency, Bill, Jack Dorsey, Andrew Cuomo, Cryptocurrencies, Carbon Footprint, New York State, Decentralization, Digital Currencies, Kevin Parker


Ethereum Surges to $3,200, Making Its Creator the Youngest Crypto Billionaire

Amidst an ongoing crypto surge, Ether soared to new market heights Monday, becoming one of the priciest cryptocurrencies in circulation. The Ethereum blockchain-based token is now worth around $3,200, making its total market capitalization higher than Bank of America, Paypal, and Nestle.Read more...
Tags: Apple, Science, Technology, Articles, Bank Of America, Paypal, Cryptography, Bitcoin, Cryptocurrencies, Blockchains, Ethereum, Decentralization, Abra, Nestle, Business Finance, Vitalik Buterin


EU-based digital assets platform Finoa inks $22M Series A funding led by Balderton Capital

Institutions need to keep their crypto assets somewhere. And they aren’t going to keep it on some random, or consumer-grade crypto operation. This requires more sophisticated technology. Furthermore, being in the EU is going to be a key barrier to entry for many US or Asia-based operations. Thus it is that Berlin-based digital asset custody and financial services platform Finoa, has closed a $22 million Series A funding round, to do just that. The round was led by Balderton Capital, alongside ex...
Tags: TC, Asia, Europe, Balderton Capital, Berlin, US, Articles, Tech, Eu, European Union, Bitcoin, United States, Crypto, Cryptocurrencies, Coinbase, Blockchain


Lobus raises $6 million for an art management platform on the blockchain

Reshaping ownership proofs in the fine art markets has been one of the blockchain’s clearest real-world use cases. But in recent months as top auction houses have embraced NFTs and popular artists experiment with the crypto medium, that future has seemed more tangible than ever before. The ex-Christie’s and Sotheby’s team at Lobus is aiming to commoditize blockchain tech with an asset management platform that they hope can bring creator-friendly mechanisms from NFT marketplaces like SuperRare to...
Tags: TC, Technology, Articles, Tech, Ceo, Bitcoin, Christie's, Sotheby's, Cryptocurrencies, Blockchains, Cryptocurrency, Blockchain, Decentralization, CRM, Troy Carter, Artist


Blockchain startup S!NG wants creators to lean on NFTs to protect their intellectual property

After a years-long crypto winter, it been the spring of NFTs, but as digital art prices sober up after an explosion in sales, blockchain founders are looking to find more stable opportunities in the space that can grow over time even as speculative interest in NFTs shifts. One particular interest has been using NFTs to reshape the creator economy in a manner that actually benefits artists more than the platforms that host their work. A new flavor of this pursuit comes from the recently launched ...
Tags: TC, Technology, Articles, Tech, Ceo, Aws, Cryptocurrencies, Blockchains, Ethereum, Digital Currency, Cryptocurrency, Blockchain, Decentralization, Docusign, NFT, Osler


This New App Lets You Turn Anything and Everything Into an NFT

Despite the fact that a majority of Americans still don’t know what an NFT is, the non-fungibles have really taken over the country—burrowing their way into our wallets and also, apparently, our hearts.Read more...
Tags: Iphone, Apple, Science, Technology, Articles, App Store, Cryptocurrencies, Blockchains, Ethereum, Gucci, Decentralization, NFT, National Film and Television School, Cross Platform Software, Blockchain Art, Non Fungible Token


ConsenSys raises $65M from JP Morgan, Mastercard, UBS to build infrastructure for DeFi

ConsenSys, a key player in crypto and a major proponent of the Ethereum blockchain, has raised a $65 million funding round from J.P. Morgan, Mastercard, and UBS AG, as well as major blockchain companies Protocol Labs, the Maker Foundation, Fenbushi, The LAO and Alameda Research. Additional investors include CMT Digital and the Greater Bay Area Homeland Development Fund. As well as fiat, several funds invested with Ethereum-based stablecoins, DAI and USDC, as consideration. Sources told TechCrunc...
Tags: Energy, TC, Technology, Finance, US, Articles, Tech, Spokesperson, Software, United States, Ubs, Jp Morgan, Silicon Valley, Firewall, Andreessen Horowitz, Cryptocurrencies


The Cult of CryptoPunks

Last month, hours before news of Beeple’s $69 million NFT sale grabbed the front pages of newspapers across the country, a pair of 24 x 24 pixel portraits of aliens wearing little hats sold separately for around $7.5 million each. The sales, which occurred within 20 hours of each other, didn’t garner the same headlines that the Beeple auction received, but there was a bit of coverage in the tech press, mostly because one of the aliens was sold by Dylan Field, the CEO of design software startup F...
Tags: TC, Elon Musk, Hollywood, Tech, Tesla, Michael Jordan, Nba, Brisbane, Silicon Valley, Accountant, National Basketball Association, Sotheby's, Jack Dorsey, Cryptocurrencies, Player, Blockchains


Signal Is Adding a New Privacy-Focused Payments Feature

Most of us might be familiar with Signal as the privacy-preserving messaging app of choice, but the company is expanding into a new frontier: payments. Read more...
Tags: Science, Technology, Articles, Science and Technology, Signal, Cryptocurrency, Blockchain, Decentralization, Messaging Apps, Moxie Marlinspike, Financial Technology, Business Finance, Cross Platform Software, Technology Internet


QuikNode is building a blockchain developer cloud platform to compete with AWS

As hot as the blockchain space appears to be these days, it’s still far from simple to get a decentralized application reliably up and running. The NFT boom and rising cryptocurrency prices have brought more attention to applications running on the blockchain, but the dominant cloud service platforms aren’t quite ready to make a full-commit to the needs of these budding developers. QuikNode, which recently raised funding from Y Combinator and is in the process of wrapping its seed funding, has b...
Tags: Amazon, TC, Y Combinator, Technology, Cloud Computing, Articles, Tech, Ceo, Miami, Cryptocurrencies, Blockchains, Ethereum, Cryptocurrency, Decentralization, NFT, Shklovsky


TikTok Influencer Apologizes After Promoting Scam 'Mando' Cryptocurrency

Matt Lorion, a 17-year-old TikTok influencer known for promoting cryptocurrencies online, has released a new video apologizing for a Star Wars-themed scam he promoted. Last week, Lorion sang the praises of a new cryptocurrency called Mando that turned out to be a pump-and-dump scam. But Lorion says he had no idea it…Read more...
Tags: Google, Elon Musk, Science, Disney, Articles, Cryptography, Software, Bitcoin, Cryptocurrencies, Decentralization, Digital Currencies, Mando, Financial Technology, Lorion, Pump And Dump, Tiktok


NBA Top Shot maker Dapper Labs is now worth $2.6 billion thanks to half of Hollywood, the NBA, and Michael Jordan

From the early success of Crypto Kitties to the explosive growth of NBA Top Shot, Dapper Labs has been at the forefront of the cryptocurrency collectible craze known as NFTs. Now the company is reaping the benefits of its trailblazing status with a new $305 million financing led by some of the biggest names in Hollywood, sports, and investing. The new round values the company at a whopping $2.6 billion, according to multiple media reports, and comes at a time when NFTs have captured the popular ...
Tags: TC, Hollywood, Technology, Finance, NFL, Articles, Tech, Ceo, Michael Jordan, Nba, Mlb, Warner-Music-Group, Ufc, National Football League, National Basketball Association, Lebron James


Carbon Offsets for NFTs Don't Address the Deeper Problem

The NFT space has a ballooning carbon problem. But rather than address emissions head-on, platforms may be turning to at best, self-deception and at worst, greenwashing by relying on carbon offsets.Read more...
Tags: Science, Technology, Environment, Articles, Greenhouse Gas Emissions, Cryptocurrencies, Blockchains, Ethereum, Decentralization, NFT, Mike Winkelmann, Tyler Winklevoss, Kyle McDonald, Joanie Lemercier, Jesse Bragg, Crypto Art


Roll still doesn’t know how its hot wallet was hacked

Move fast, break things, get hacked. That’s what happened at Roll, the social currency platform that allows creators to mint and distribute their own Ethereum-based cryptocurrency known as social tokens. Last week, Roll disclosed a hacker had stolen $5.7 million from its hot wallet, a little over a year after the company launched. Roll set up a $500,000 fund to help creators recoup their losses, and the company promised to hire a third-party to audit its security infrastructure. But the company ...
Tags: Amazon, Security, Florida, Technology, Nsa, Tech, Hack, Cryptography, Williams, Computing, Payments, Cryptocurrencies, Terry Crews, Blockchains, Ethereum, Roll


Binance-backed Xend Finance launches DeFi platform for credit unions in Africa

Nigerian startup Xend Finance uses decentralized finance (DeFi) to address currency devaluation. DeFi aims to bridge the gap between decentralized blockchains and financial services. Aronu Ugochukwu and Abafor Chima founded the startup in 2019, and Ugochukwu is quite familiar with currency devaluation.  Currency devaluation is a common economic nightmare faced in most African countries and other developing countries worldwide . It has become imperative for  organisations like credit unions ...
Tags: Startups, TC, Finance, Nigeria, Africa, Tech, Bitcoin, Blockchains, Digital Currency, Cryptocurrency, Blockchain, Decentralization, Zhao, Ugochukwu, BSC, Binance


NFT marketplace OpenSea raises $23 million from a16z

OpenSea has been one of a handful of NFT marketplaces to explode in popularity in recent weeks as collectors wade into the trading of non-fungible tokens on the blockchain. While new startups have been popping up everyday, platforms that launched in crypto’s earlier times are receiving rampant attention from investors who see this wave of excitement for cryptocurrencies and tokens as much different than the ones that preceded it. Today, the startup announced that it’s closed a $23 million round ...
Tags: Elon Musk, Articles, Tech, Mark Cuban, Alexis Ohanian, Andreessen Horowitz, Cryptocurrencies, Blockchains, Ethereum, Cryptocurrency, Decentralization, Founders Fund, NFT, Naval Ravikant, Tezos, Distributed Computing


Creator Shuts Down Popular Crypto Art Carbon Calculator for 'Abuse and Harassment'

Cryptoart.wtf, the popular crypto art carbon calculator that allowed us to see the real impact the NFT buying craze is having on our poor planet, is shutting down. Its creator, Memo Akten, stated that he decided to take the site down after information from it was used “as a tool for abuse and harassment.” Read more...
Tags: Iphone, Science, Technology, Environment, Articles, Netflix, Greenhouse Gas Emissions, Computing, Cryptocurrencies, Ethereum, Blockchain, Decentralization, Larry, NFT, Digital Art, Memo Akten


Terry Crews Has His Own Cryptocurrency Because Why Not?

Soon you could be spending money minted by Terry Crews—certainly an exciting piece of news if that’s been an ambition of yours.Read more...
Tags: Science, Technology, NFL, Articles, Bitcoin, Computing, Johnny Depp, Boy, Anna, Cryptocurrencies, Terry Crews, Ethereum, Blockchain, Decentralization, Todd, Akon


Beeple’s $69 million NFT sale marks a potentially transformative moment for the art world

Today, the auction of an NFT digital art collage from a relatively unrecognized digital artist ended with a purchase price above $69 million. The work, called Everydays – The First 5000 Days, chronicled several years-worth of daily sketches from the artist Mike Winkelmann — known online as Beeple. Unlike every other work the auction house Christie’s has listed in its 250+ year history, this was a purely digital work. It’s a crazy dollar amount sure, but it’s also a tacit endorsement from the str...
Tags: TC, Technology, Articles, Tech, Auction, Christie's, Cryptocurrencies, Blockchain, Decentralization, Artist, Christie, NFT, Beeple, Mike Winkelmann


Beeple's $69 Million NFT Sale Is a Good Time to Rethink Some Things

“It’s hard to be like, ‘Oh man, I hope it doesn’t flop!’” artist Mike Winkelmann aka Beeple chortled at the kickoff of his “Christie’s Closing Party” Clubhouse session this morning, about an hour before his Christie’s sale would close with the staggering bid of $69,346,250—making it the third-most valuable sale by a…Read more...
Tags: Science, Technology, Articles, Kim Jong Un, Computing, Cryptocurrencies, Ethereum, Blockchain, Decentralization, Christie, NFT, Beeple, Mike Winkelmann, Crypto Art, Jehan Chu, Non Fungible Token


Why NFT Collectibles Are Overhyped

NFTs have become an investing phenomenon, with everything from GIFs to sports highlights selling for millions of dollars. But how much of this is hype—and should we be reassured by celebrity endorsements from Logan Paul, Paris Hilton, Lindsay Lohan, Rob Gronkwoski and uh… Taco Bell? Here’s a look at why the NFT market…Read more...
Tags: Technology, Yahoo, Articles, Bitcoin, Computing, Nba, Lifehacks, Jack Dorsey, Cryptocurrencies, Blockchains, Ethereum, Lindsay Lohan, Decentralization, Taco Bell, Steven Seagal, Logan


I Sold a Tweet About My Future Cat on the Blockchain and Helped Kill the Earth in the Process

Meet Larry, a very good boy, forthcoming addition to the McKay household, and possibly the subject of one of the first-ever cat tweets to live on for eternity in the Ethereum blockchain.Read more...
Tags: Science, Technology, Articles, Earth, Bitcoin, Nba, Grimes, Cryptocurrencies, Blockchains, Ethereum, Decentralization, Digital Currencies, Larry, McKay, Cent, Payment Systems


The Regulations That Could Help Reduce Bitcoin’s Carbon Footprint

The price of bitcoin has hit record prices this month, and that’s bad news for the climate. As the price of the currency shoots up, so does the energy consumption as people are incentivized to mine more bitcoin. And a new paper published Wednesday in the journal Joule estimates that by the end of the year, bitcoin…Read more...
Tags: Science, Technology, Articles, Bitcoin, Cryptocurrencies, Blockchains, Ethereum, Decentralization, Digital Currencies, Joule, DE, Proof Of Work, Alex De Vries, Bitmain, Payment Systems, Economics Of Bitcoin


How to Fix Crypto Art NFTs' Carbon Pollution Problem

The “crypto-” carbon crisis is evolving. And after years of low-key use, art and collectibles tied to what are known as non-fungible tokens (NFTs) have exploded into the global discourse as the Next Big Thing. Embedded with it, though, is an existential tension.Read more...
Tags: Facebook, Science, Technology, Environment, Articles, Renewable Energy, Bitcoin, Greenhouse Gas Emissions, Nba, Airbnb, Grimes, Cryptocurrencies, Ethereum, Coinbase, ARM, Decentralization