pNetwork Launches Yield Farming Programme, Steroids
The pNetwork, the decentralised ecosystem backing the cross-chain pTokens solution, has announced the launch of its yield farming programme, Steroids. The programme will run for a period of one month and will award Uniswap liquidity providers with up to 10% monthly interest, distributed in pNetwork Token (PNT). Designed to onboard new users, increase liquidity and boost adoption of the entire pNetwork ecosystem, Steroids will go live...
NBA Point Guard Spencer Dinwiddie’s Tokenized Contract Raises $1.3 Million
NBA player Spencer Dinwiddie has finished the token sale of his contract that is hosted on the Ethereum blockchain. The sale of Dinwiddie’s tokenized contract raised $1.3 million which was only a tenth of what the project hoped to sell ($13.5 million). Even though the Brooklyn Nets guard Spencer Dinwiddie put a lot of energy into getting his NBA contract tokenized, the basketball player only got 10% of what they hoped to raise....
New Russian Law Bans Bitcoin Payments for Goods and Services
Russian lawmakers have passed a bill that gives legal status to cryptocurrencies such as bitcoin – but bans them from being used to pay for goods and services. Legislators approved the Digital Financial Assets (DFA) bill on July 22 after its third and final reading. It had already won backing from senior lawmakers like Anatoly Aksakov, who heads parliament’s financial markets committee. The new law recognizes digital...
2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners
Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining facilities are taken out by heavy rainfall and flooding, Bitcoin’s hashrate could plummet fast. During the first week of July, the...
Russian Government Mulls Fines to Prevent Camming in Cinemas
Despite an increased desire to download and stream only the best quality copies of pirate movies, a significant number of pirates are still prepared to obtain so-called ‘cammed’ movies. These copies are mostly obtained in cinemas by pointing a recording device, usually a camcorder or mobile phone, directly at the screen. The end result is often less than optimal but despite the regularly abysmal copies, people flock to...
