CategoryBusiness

Terra Virtua creates an ecosystem for non-receptive token holdings for Comecon fans

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Digital acquisitions platform Terra Virtua announced on November 4 that it has completed a $ 2.5 million private financing round, and has attracted support from funds such as Woodstock, NGC Ventures and AU21 Capital. The investment raised will be used to develop what the company describes as its first non-exchangeable token (NFT). Aside from being a marketplace for verifiable scarce digital...

$ 1 billion in Bitcoin from the Silk Road wallet transferred for the first time since 2015

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An anonymous cryptocurrency user transferred 69,370 Bitcoins from an address associated with the Dark Silk Road market, which has recently become a popular hacking target. According to a report released on November 3 from the intelligence firm Cypher Trace, the latest move involving two transactions adding up to 69,370 Bitcoin (BTC) – or more than $ 960 million at the time of writing the...

Hashgraph’s technology director expects interest in blockchain to grow further in 2021

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In an interview with Cointelegraph, Hedera Hashgrave’s Chief Technology Officer, Lemon Bird, said that while interest in Blockchain technology has increased dramatically in 2020, he expects much bigger things in 2021. “The world as a whole views this industry as blockchain or distributed record technology and says, ‘Wow, there’s something real out there,” said Bird...

PayPal’s cryptocurrency services will go global in early 2021, supporting central banks’ digital currencies

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Senior executives at global payments giant PayPal revealed more details about its plans to push aggressively into the cryptocurrency sector next year during the company’s earnings call for the third quarter of 2020, including plans to support central bank digital currencies (CBDCs). “It is clear that the world is moving rapidly from physical to digital,” said Dan Schulman, CEO of PayPal...

Ripple, Paypal and Twitter join coalition calling for fair elections

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Blockchain-based payments company Ripple has joined forces with a nonpartisan group of companies working to ensure fair voting in the United States. According to a November 2 tweet from Ripple, CEO Brad Garlinghouse joined Twitter CEO Jack Dorsey and PayPal CEO Dan Schulman in the Civic Alliance, an organization that states that it supports “safe, healthy, and reliable elections” as...