Is there a future for the NFT beyond digital art?
NFT technology became famous for $69 million digital art, but what will change the world are its myriad practical uses, writes Jan Hartmann of Banxa Labs.
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Bitcoin mining difficulty drops amid market turmoil
Bitcoin miners saw a 1.26% drop in mining difficulty on Thursday, the third time this year, while the price fell to less than US$40,000. See related article: Cryptos slump over inflation, Shanghai lockdown and war concerns Fast facts The mining difficulty level is now at 28.23 trillion at block height 731,808, after it saw an…
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Chasing my first crypto wallet down a rabbit hole
In Part 1 of a special Forkast series, crypto newcomer Joel Stein dips a toe into Bitcoin and Doge by opening his first-ever crypto wallet.
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Chinese state media calls for wider e-CNY adoption
Xinhua News Agency’s affiliate newspaper, Economic Information Daily, Thursday published an op ed suggesting measures for the further adoption of the digital yuan. See related article: The digital yuan’s de-dollarization Fast facts See related article:Hong Kong makes apt testbed for e-CNY cross-border use
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Chinese Communist Party paper to “develop” NFTs
The online arm of People’s Daily said it will cooperate with state-owned enterprise China Arts and Entertainment Group to develop non-fungible tokens (NFTs) themed on Chinese traditional and modern paintings. See related article: Resist the temptation on NFTs, Chinese state-backed developer says Fast facts Announcement from the official newspaper of the Central Committee of the…
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Circle raises $400 mln, teams up with BlackRock to develop USDC
Circle, the issuer of the world’s second-largest stablecoin USDC, has raised US$400 million in its latest funding round with major investments from BlackRock and Fidelity Management and Research, as the stablecoin issuer looks to explore possibilities with the traditional financial world. See related article: Circle’s growth outpaces Tether as it doubles valuation Fast facts Circle…
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Resist the temptation on NFTs, Chinese state-backed developer says
In an exclusive interview with Forkast, the head of government-founded Blockchain-based Service Network (BSN) cautioned against packaging NFTs as investment products despite the temptation to profit off the euphoria.
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China museum chief fences cultural relics from NFTs
China’s top government agency that oversees the development of museums has called on cultural institutions to hit the brakes when it comes to non-fungible tokens (NFTs). See related article: China’s industry lobbies join NFT bashing chorus Fast facts The National Cultural Heritage Administration Tuesday held a nationwide online symposium in Beijing on digital collectibles and…