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Tomorrowland Forms Dance Label With Universal Music Germany
Through the partnership, Tomorrowland will enjoy direct access to a collective pool of UMG’s international label divisions, including Virgin Records and Astralwerks in the U.S. Leading the partnership will be Berlin-based Virgin Records executives Alexander Neipp, Daniel Schmidt and Magnus Textor, and Tina Adams at Virgin Music Label & Artist Services. Over the past 15 years Tomorrowland has built a reputation as one of the world’s leading festivals and electronic music brands by consistently expanding and evolving their relationship with music fans,” Frank Briegmann, chairman and CEO, Universal Music Central Europe and Deutsche Grammophon, said in a press release. He added that the partners had created a “uniquely flexible model” that will “help drive success and create global hits fo...
Chainlink (LINK) looks for momentum while pro traders target $40
Chainlink (LINK) is the leading oracle provider, and the project has onboarded over 281 crypto projects in 2021. Some of these include heavyweights like Huobi’s ECO Chain, the Hedera Governing Council, and Alchemix. Launched in Oct. 2020, Chainlink’s verifiable randomness function, or VRF, has also gained notoriety among decentralized applications (dApps). VRF provides an automated source of randomness to ensure prizes and rewards are issued in a verifiably fair fashion. For example, on Aug. 13, Arbitrum — a layer-two Ethereum scaling solution — launched a beta mainnet service integrated with Chainlink’s oracle data feed and intends to add a “Proof of Reserve” service allowing collateralized assets to be audited using the oracle provider’s web API....
Major hotel in Swiss Alps now allows crypto payments
After four years of debate, a five-star hotel in a luxurious area of the Swiss Alps is prepared to accept Bitcoin (BTC) and Ether (ETH) as payment from guests. According to an Aug. 26 report from Swiss news outlet Blick, guests at the Chedi Andermatt hotel are now allowed to settle bills of more than 200 Swiss francs — roughly $218 — using Bitcoin or Ether. Prices are still seemingly set in fiat to reduce any risk of volatility, with the hotel converting any cryptocurrency received immediately into francs. “We have long known that cryptocurrencies also have a future in hotel operations,” said the hotel’s general manager Jean-Yves Blatt. “In the course of the increasing spread and acceptance of cryptocurrency payments, we are proud to be one of the first Swiss luxury hotels ...
Coinbase hires former Facebook exec as chief marketing officer
Kate Rouch will be joining major cryptocurrency exchange Coinbase after more than 11 years in various positions at Facebook. In a Thursday blog post, Coinbase chief operating officer Emilie Choi said the company had hired Rouch as its new chief marketing officer, responsible for overseeing the exchange’s global brand, as well as product and performance marketing. Until recently, she was the global head of brand and product marketing at social media giant Facebook, but now aims “to bring millions more people into the cryptoeconomy.” “I am so inspired by what I’ve learned about crypto, and the vast ecosystem it is helping to usher forth,” said Rouch. “I can’t wait to get started helping to introduce millions more people to the benefits of crypto.” The addition of Rouch comes as Coinbas...
Altcoins sell off while exchange listings boost COTI and Conflux Network
Bears pressed harder on the market on Aug. 26 after Bitcoin (BTC) continued its pullback to an intra-day low at $46,250 and altcoins nursed near double-digit losses. While most of the market is seeing red, a few altcoins managed to notch notable gains due to exchange listings and new staking opportunities. Top seven coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were COTI, XYO Network (XYO) and Conflux Network (CFX). COTI rallies after listing on Coinbase The top-performing coin over the past 24 hours was COTI, an enterprise-grade fintech platform focused on decentralized payments. VORTECS™ data from Cointelegraph Markets Pro began to detect a bul...
London’s impact: Ethereum 2.0’s staking contract becomes largest ETH holder
Recently, the Ethereum network reached a new staking milestone. On Aug. 17, the Ethereum 2.0 staking contract became the single largest holder of Ether (ETH), surpassing Wrapped Ether (WETH). According to data from Etherscan, the Eth2 deposit contract now holds over 7.14 million Ether tokens, valued at $23 billion at the time of writing. This accounts for nearly 6.1% of all Ether tokens in circulation, which means that the staking rate for Ethereum is now over 6%. The Wrapped Ether deposit contract comes in second, holding 6.97 million tokens — i.e., 5.94% of all Ether. Data from Beaconcha.in reveals that there are now 217,354 validators on the Ethereum network. Right away, this has made Ether the third most staked cryptocurrency. According to data from Staking Rewards, the Ethereum 2.0 de...
Capturing lost intellectual property revenues with blockchain
The transition to a more digitalized society based on an information economy has created intense pressure for companies to rethink their intellectual property (IP) management. Intangible assets can represent more than 80% of the value in a firm’s balance sheet, and intellectual property in the United States is now worth over $6 trillion in gross domestic product, according to the U.S. Department of Commerce. Well-managed and leveraged IP can provide a company with a strategic advantage over the competition — not only in terms of customer acquisition, but also with investors and potential employees. Yet these valuable assets present a unique set of challenges for organizations wanting to capture the full value of their IP as it scales and matures. A complicated web Securing IP is a multifac...
US Air Force prioritizes blockchain security with new Constellation Network contract
A blockchain-based initiative from the United States Air Force will employ Constellation’s Hypergraph Network to provide data security with the Department of Defense’s commercial partners. In a Thursday announcement, Constellation said it had been working with Kinnami Software Corporation to develop an end-to-end data security solution using blockchain encryption and distributed data management for the United States Transportation Command, Air Mobility Command’s 618th Air Operations Center, and a Civil Reserve Air Fleet partner. According to the platform, its goal is to securely exchange data with commercial partners on missions involving the operations of aircraft and ships under contract to the Department of Defense, or DoD. The United States Transportation Command, or USTRANSCOM, ...
3LAU introduces blockchain music platform Royal with $16M raise
Electronic dance music producer and DJ Justin Blau, better known by his stage name 3LAU, has officially announced the launch of a blockchain-based music investment platform Royal. The announcement comes in conjunction with the platform raising $16 million in a seed funding round led by crypto-focused investment firm Paradigm and Peter Thiel’s Founders Fund, Forbes reported on Aug. 26. Founded by 3LAU and his college friend JD Ross, Royal is a new platform aiming to enable fractional music ownership through Royal’s own version of nonfungible tokens, or NFTs, referred to as limited digital assets. The venture intends to democratize access to music ownership to music lovers by not only allowing them to invest but also own rights to their favorite songs and albums through limited editions reco...
How to Pick the Best Crypto Exchange
With Bitcoin currently setting an all-time high record and turning simple Australian traders into multi-millionaires in the process, the timing to invest in the once dreaded cryptocurrency sector has never been this right. Nonetheless, the sector is still the most volatile asset base, and investors can lose millions of dollars in a matter of minutes. There are many things you need to know, among them how to choose a crypto exchange. Picking the wrong crypto exchange can easily lead you down a path full of wasted effort and distractions. Read on to learn how to choose the right crypto exchange. 1. Security Several cryptocurrency exchange platforms have come under severe cyber-attacks in the past and have lost millions worth of coins in the process. For instance, when looking at Austra...
Inside the Business of BTS — And the Challenges Ahead
When the seven members — Jin and Suga, 28; J-Hope, 27; RM, 26; V and Jimin, 25; and Jungkook, the mystery hallway singer, is 23 — sit down and begin answering questions, however, they look and sound like the veteran pop stars they are. Seated in foldaway chairs on a stage — where the white surfaces bear shoe prints and other marks from a recent livestreamed appearance on The Tonight Show Starring Jimmy Fallon — they speak politely, eloquently and with conviction, emanating the humble charisma that has charmed millions of fans into supporting them with an almost religious fervor. “We are not exceptional people — our plate is small,” says rapper Suga, the group’s bookworm, using the Korean expression for lack of ability or small-mindedness. “We’re these rice-bowl-size guys getting so much po...
11% of young Americans invested their stimulus cheques in crypto
Cryptocurrencies are starting to win over the hearts of some young Americans, displacing other investment products like mutual funds and ETFs A new survey conducted by financial media house CNBC has revealed that 11% of young Americans have chosen to invest their stimulus cheques in cryptocurrencies. These investors have chosen cryptocurrencies over the more traditional investment products like mutual funds and exchange-traded funds (ETFs). CNBC surveyed 5,530 adults and found out that about one in 10 people in the United States (11%) have invested in cryptocurrencies. Digging deeper, the survey revealed certain statistics that aren’t surprising considering the nature of the cryptocurrency market in these early days. The survey revealed that 16% of American men invested in cryptocurrencies...
