Bitcoinâs volatility misses the main game
While bitcoin bounces up and down in value like a yo-yo, there are real-world applications being used by business and government that utilise the crypto worldâs underlying blockchain technology.
May 21, 2021 â 12.00am
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Volatility in the price of bitcoin obscures sensible discussion about the looming transformation of the global economy from the use of its underlying blockchain technology.
Constant focus on the speculative side of bitcoin distracts from the paradigm shift in thinking required when everything is decentralised, thanks to the use of bitcoinâs proof-of-work consensus algorithm, or variations of it.
Wolfram Blockchain Integrates with Filecoin and IPFS in Pursuit of Decentralized Storage
Wolfram Blockchain Labs (WBL) and its distributed ledger technology have integrated with
Filecoin and
IPFS in seeking a decentralized storage solution.
WBL provides distributed ledger technology ecosystems with the tools for the development of smart contract-based applications. WBL is the DLT-focused subsidiary of
Wolfram Research, Inc., creator of
Mathematica,
Wolfram Language.
IPFS is a peer-to-peer network and protocol designed to improve the internet and Filecoin is working on a global decentralized storage platform seeking to compete with established providers like AWS.
WBL notes that it already hosts nodes from ARK, Bitcoin, bloxberg, Cardano, Ethereum, Tezos, and others in its high-performance blockchains. These blockchains already make use of Protocol Labs’ (creator of Filecoin) solutions in their transactions. The additional storage functionality is said to expand the ove
Curio, a Los Angeles, CA-based NFT platform for the entertainment industry, raised $7M in seed funding.
Backers included Fenbushi Capital, Kenetic Capital, Protocol Labs, LongHash Ventures, Picus Capital, and several entertainment industry veterans Marc Geiger, CEO of SaveLive and former head of global music at WME, and Rich Battista, former CEO of Time Inc. and former Fox Entertainment executive.
The company intends to use the funds to expand operations and business reach,
Led by CEO Juan M. Hernandez, Curio delivers a new universe to serve fans through digital collectibles, driven by non-fungible token (NFT) technology. The company has launched multiple licensed auctions, drops, products, and new partnerships. It is partnering with the iconic collectible powerhouse, Topps, to produce NFTs from iconoclastic, cult classic Mars Attacks!
Gemini Trust is also now the primary custodian for BlockFi.
Crypto Trends: The Gemini Exchange
Source: Grey82 / Shutterstock.com
Gemini Exchange is the first crypto venture
created by the Winklevoss twins, and it is highly successful today. The Gemini Exchange was created originally as a way for crypto traders to easily access Bitcoin. In only a couple years time it would find its big claim to fame as the first exchange authorized to buy and trade
Ethereum (CCC:
Gemini Exchange has picked up a calling card as one of the most secure exchange options available to investors. Since its inception, Gemini has grown from just an exchange into a trust company, now regulated by the New York State Department of Financial Services. Gemini’s custody services have secured $200 million since its inception.