Shock And Awe: Bitcoin Lightning Network Capacity Reaches New ATH
The adoption of the bitcoin lightning network has been on the rise for a while now. This was especially pronounced during the multiple bull rallies of 2021. It triggered an accelerated rate of adoption. Thus leading to network congestion due to all of the new users moving in. Naturally, transaction fees had risen while confirmation times had slowed. The lightning network preferred a solution to this by not being only faster but cheaper at the same time.
Bitcoin To Power The Future, How Block, Tesla, And Blockstream Will Build Mining Facility
Per a press release, Blockstream and Block will build a Bitcoin mining facility powered 100% by renewable energy. The BTC mining operation will use Tesla Solar panels that will provide 3.8 Megawatt (MW) and the Tesla Megapack batteries that will provide 12 Megawatt/hours (MWh) of power.
Corporate America flocks to the metaverse with a combined $1T valuation
Brands across all verticals are scrambling to ensure they do not miss out on metaverse opportunities. From McDonald's to Victoria's Secret the metaverse is going to be well fed and well dressed.
Intel launches new Bitcoin mining chip Blockscale
The company indicated that the device is designed, in part, for energy-efficient blockchain hashing.
The evolution of blockchain: Transactions, contracts and applications
1. What is the blockchain? Blockchain technology is a cryptographic chain of peer-to-peer transactions. Blockchain transactions are stored in a trustless manner, thanks to decentralized nodes that validate and commit them.
The Metaverse Doesn’t Look as Disruptive as It Should, It Looks Ordinary
Virtual real estate is booming. In December 2021, one buyer spent USD 450,000 on a plot of land in rapper Snoop Dogg’s virtual world. Which begs the question of what will be built there.
Impostors Make Deep Fake Videos of Ordinary 'More Believable' People to Promote Crypto Scams
Scammers are impersonating anyone from influencers to high-profile crypto figures using deep-fake technology in a bid to steal crypto from unsuspecting victims -- however, they now seem to have focused on impersonating regular people as they are "more convincing" tools.
Crypto Weekly Roundup: Russia’s BTC Legalization, Thailand’s Crypto Ban, BTC Spot ETFs To Come Soon, Cardano Hits Milestones, And More
In light of the multiple sanctions imposed on it, Russia might be following in Ukraine’s footsteps by opening up BTC payments for its energy exports. To find out more about what else happened in the crypto world this week, keep reading.
Turkey goes all-in on the metaverse, but is the public ready?
At Turkey's Forum Metaverse, President Erdoğan and the Minister of Education announced the plan to implement the metaverse into the education system.
The Top 5 Metaverses to Look Out for in 2022
Last year, Facebook rebranded to Meta and announced that they are ‘developing exciting new technologies to help people connect and explore in the metaverse.’ Ever since metaverses have been making mainstream headlines. If you’ve been watching from the sidelines, you’d be forgiven for thinking that you’re late to the party, but that couldn’t be further from the truth.
Inside the blockchain developers’ mind: What is the ultimate scaling solution?
Any innovation must be engineered so that as adoption grows, the right scaling technologies can be integrated into it at the right time.
Volvo's parent company establishes blockchain joint venture headquarters in Wuxi, China
Geely Holding sold over 2.2 million vehicles in 2021, including 698,693 Volvo cars.
NFTs will empower musicians to take back control
2021 was a breakthrough year for NFTs (non-fungible tokens), with the sale of crypto assets totalling US$24.9 billion, up from US$94.9 million in 2020.
HSBC plunges into the metaverse via Sandbox partnership
HSBC has become the first traditional global financial institution to purchase virtual land in the metaverse.
Cardano Founder Wants To Resurrect The Woolly Mammoth, How Does Blockchain Fit In?
Cardano founder Charles Hoskinson has shown interest in helping bring back the woolly mammoth by participating in an investment round that was just concluded. Hoskinson who was co-founder of Ethereum and later founded his own blockchain Cardano was one of the multiple investors that participated in an investment round in Colossal, to help them bring the extinct species back to life.
How Can You Live In Your Own Parallel Universe?
Supported by extended reality and cryptocurrency technologies, the metaverse is where the physical and digital worlds meet. Unowned and full of potential, it’s not yet clear how the metaverse will evolve. But, one thing is certain: if millions of people are going to be digitally connected, the technologies powering the metaverse have to be scalable – and therein lies the problem.
South Korean Court Rejects Challenge to Strict Crypto, NFT Gaming Law
South Korea’s Constitutional Court. Source: AdobeStock / robepco South Korea’s Constitutional Court has upheld a law that blocks gamers from buying and selling crypto and non-fungible tokens (NFTs) – and seeks to punish those trading video game-related coins and items.
How Crypto Is Playing A Pivotal Role In The Russia-Ukraine War
Cryptocurrencies have featured heavily in the war, with nearly $30 million worth of crypto donations being sent in to support Ukraine’s defense and relief efforts. Even Russia is attempting to sidestep imposed sanctions by resorting to crypto payments.
Upcoming Apple iPhone feature to give merchants a way to accept crypto payments
Apple Pay users will technically be able to use iPhone’s Tap to Pay feature to make crypto payments across mainstream merchants and businesses.
Google Cloud to detect crypto-mining malware on virtual machines
Bad actors using malware to steal GPU power to mine crypto will have to up their game to deal with Google Cloud's latest security protocol.