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Eth2 staking contract ranks as single-largest Ether hodler with $21.5B
The staking contract for the Ethereum 2.0 blockchain is now the single-largest holder of Ether. According to blockchain analytics provider Nansen, the Eth2 staking contract has surpassed Wrapped Ethereum (wETH) to become the single largest holder of ETH. Unlike Ether, Wrapped Ether adheres to the ERC-20 standard, making it the favored representation of ETH among DeFi protocols that use ERC-20 tokens. The findings were posted to Twitter by Alex Svanevik, CEO of blockchain analytics firm, Nansen, on Aug. 17. The data shows that the Beacon Chain’s deposit contract holds 6.73 million ETH — worth roughly $21.5 billion at current prices. By contrast, Nansen’s data suggests the Wrapped Ethereum contract holds 6.7 million ETH ($21.4 billion), followed by Binance with 2.29 million ETH ($7.3 billion...
Alibaba launches NFT marketplace for copyright trading
Chinese multinational e-commerce firm, Alibaba Group Holding, has launched a new nonfungible tokens (NFTs) marketplace allowing trademark holders to sell tokenized licenses to their intellectual property. The new NFT marketplace, dubbed “Blockchain Digital Copyright and Asset-Trade,” can be accessed via Alibaba’s Auction platform. NFTs launched via the platform will be issued on the “New Copyright Blockchain” — a distributed ledger technology platform centrally operated by the Sichuan Blockchain Association Copyright Committee. According to an Aug. 17 report from the Alibaba-owned news publication, South China Morning Post (SCMP), the marketplace hopes to target writers, musicians, artists, and game developers. The marketplace is already live, hosting several NFTs that are set to be ...
The Killers’ ‘Pressure Machine’ Is Powering to No. 1 In U.K.
Also, notes the OCC, three of The Killers’ albums — Hot Fuss, Sam’s Town (2006) and Day & Age (2008) — have notched over one million U.K. chart sales, with the former bagging more than two million. Hot Fuss single “Mr Brightside” is one of the most popular tracks in the U.K. this century. In April of this year, the song logged a record-extending 260th non-consecutive week — a full five years — on the national singles chart. Meanwhile, electronic outfit Jungle are swinging to a third successive Top 10 album, with Loving In Stereo (Caiola). It’s new at No. 2 on the Official U.K. Chart Update, and is set to best the No. 7 peak of their Mercury Prize-nominated self-titled debut from 2014. Loving In Stereo is the best-selling album on wax in the first half of the wee...
Watford FC Gets Sponsorship From Dogecoin
English Premiere League team Watford Football Club has received a sponsorship from Dogecoin, with the iconic Shiba Inu dog appearing on the Watford shirt sleeves. San Francisco-based sports site The Athletic first reported on the partnership, which is worth about £700,000 GBP ($967,00 USD) and will break from the team’s previous partnership with Bitcoin. The deal is in collaboration with crypto casino and sports betting platform Stake.com, which announced in July that it had inked a multi-year partnership with the team, paid for in cryptocurrency. To mark the partnership, Stake.com said it would be launching several crypto-themed initiatives, including a 10 million Dogecoin giveaway through their platform. The company also serves as UFC’s first-ever betting partner in Latin Ameri...
Walmart Is Looking To Hire a Crypto Expert
Walmart is looking to hire a cryptocurrency project lead, according to a job description on the company’s website. Bloomberg first spotted the listing on Sunday, which is seeking a Digital Currency and Cryptocurrency Product Lead in charge of driving the retail giant’s digital currency strategy. “As one of the largest retailers and e-commerce companies, Walmart enables broad set of payment options for its customers,” the listing states. “You will provide the leadership to identify technology and customer trends and the investments needed to build on those trends.” The person will help the business identify crypto related investment and partnerships and drive projects related to blockchain assets. The ideal candidate must have 10+ years of experience in product or project management and und...
‘It’s just wrong’: Internal fight over Sierra Club founder’s racial legacy roils organization
As the nation convulsed in the wake of the killing of Floyd, an unarmed Black man, by a white policeman, Brune implored in a public July 22, 2020, post that his group must “take down some of our own monuments, starting with some truth-telling about the Sierra Club’s early history.” He chastised Muir, the storied conservationist who influenced President Theodore Roosevelt and helped spur the National Park Service, for his “derogatory comments about Black people and Indigenous peoples that drew on deeply harmful racist stereotypes.” But the post’s contents and framing of Muir are a misrepresentation, Aaron Mair, a Sierra Club board member and its past president, told POLITICO. Mair, who in 2015 became the first Black president of the Sierra Club board, said the push overlooked years of organ...
Twitter Taps Crypto Researcher To Lead Its Decentralized Social Network Bluesky
Twitter announced on Monday that web developer and crypto researcher Jay Graber will be leading its Bluesky venture, which aims to build a decentralized social network protocol. CEO Jack Dorsey first announced the development of Bluesky in 2019, saying that the social media giant was funding a small team to “either find an existing decentralized standard they can help move forward, or failing that, create one from scratch.” Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. The goal is for Twitter to ultimately be a client of this standard. ? — jack⚡️ (@jack) December 11, 2019 “The goal is for Twitter to ultimately be a client of this standard,” he said, add...
Crypto developer will lead Twitter’s decentralized social media initiative
Jay Graber, a former software engineer for Zcash and blockchain firm Skuchain, will be leading the anticipated decentralized social media initiative first announced by Twitter in 2019. In a Twitter announcement on Monday, Graber said that they would be in charge of the Bluesky project after working closely with “a group of thinkers and builders” from the decentralized social ecosystem. They plan on hiring for the Bluesky team and “partnering closely with Twitter and other companies” as part of the next steps towards fulfilling the decentralized social media plan. I’m excited to announce that I’ll be leading @bluesky, an initiative started by @Twitter to decentralize social media. Follow updates on Twitter and at https://t.co/Sg4MxK1zwl — Jay Graber (@arcalinea) August 16, 2021 Twitter...
Wen Dogecoin moon? On-chain data and trading volumes suggest soon
The cryptocurrency market has had a wild ride thus far in 2021 as multiple sub-sectors including decentralized finance (DeFi), nonfungible tokens (NFTs), memecoins and layer-two solutions have seen their total value locked and token prices skyrocket to new highs. One of the biggest success stories of the year was Dogecoin (DOGE), a simple “joke” cryptocurrency that has morphed into a darling of the cryptocurrency sector. Interestingly, over the past month, the project is again gaining momentum, and several data points suggest sentiment for the DOGE is becoming increasingly bullish. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.159 on July 20, the price of DOGE has rallied 120% to reach an intraday high of $0.35 on Aug. 16 as its ...
TikTok partners with crypto-powered music streaming platform Audius
Music-sharing protocol Audius became one of the first streaming platforms to partner with TikTok, allowing users to directly share tracks to the popular app. In a Monday announcement, Audius said it had partnered with TikTok in the creation of a new feature called TikTok Sounds. According to a Rolling Stone interview with Audius co-founder and chief product officer Forrest Browning, the integration will allow users to export songs created with the protocol to TikTok with one click, in an effort to streamline the process. Though Audius claims it seeks to leverage blockchain technology to reward content creators as well as increase transparency on payouts to artists, the integration with TikTok seems to be more about the music rather than pushing messages about cryptocurrency or decentralize...
Analysts say $46,500 is the key level for Bitcoin to flip to support
The double-digit rallies seen from many altcoins shows traders are becoming increasingly bullish with the passing of each day, but maintaining this momentum will to some extent depend on Bitcoin’s (BTC) short-term price action. Data from Cointelegraph Markets Pro and TradingView shows that after touching the $48,000 price level during the early morning trading hours on Aug. 16 the price of BTC dipped below $45,800 as bulls scrambled to put a halt to the price slide. BTC/USDT 4-hour chart. Source: TradingView Here’s what analysts are saying could be the next steps for Bitcoin price. Bitcoin needed to retest support after a 50% rally Bitcoin’s surge from $29,500 on July 20 to $48,000 on Aug. 14 has resulted in the price settling in a trading range between $44,000 and $48,000, as ...
JAY-Z Applies for New York Sports Betting License To Form ‘Fanatics Sportsbook’
After taking part in a $325 million USD investment in Fanatics last week, JAY-Z, along with his full-service entertainment company Roc Nation, has partnered with the sports e-commerce platform’s owner Michael Rubin to apply for a New York gaming license to create Fanatics Sportsbook, according to Forbes. According to official documents filed with the New York State Gaming Commission, JAY-Z will assume a vice chairman position on the board of directors for a new “Fanatics Betting & Gaming” organization, while Rubin will be the new chief executive. “Fanatics Sportsbook will use one of the largest sports fan databases in North America and proven sports betting platform and player account management technology to operate sports wagering in New York,” the entity wrote in its application. Th...
