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Blockchain Technology News

Taproot soft fork upgrade goes live for Bitcoin network

The Taproot soft fork upgrade was activated for the Bitcoin network on November 14, marking the first major upgrade to the world’s largest cryptocurrency since August 2017. Taproot is designed to improve privacy, scalability, and security on the network through a variety of technical innovations. A key feature of the upgrade is the introduction of…Continue readingTaproot soft fork upgrade goes live for Bitcoin network

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Twitter Crypto formed to explore decentralisation on Dorsey’s platform

Twitter Crypto is the name of the social networking giant’s new dedicated team being formed to work with crypto, decentralised apps (Dapps), NFTs, and other ledger technologies. The latest push by CEO Jack Dorsey to bring digital assets into the mainstream, Twitter has hired Tess Rinearson to lead the team. An experienced software and crypto…Continue readingTwitter Crypto formed to explore decentralisation on Dorsey’s platform

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Reddit co-founder sets up $100m investment initiative with Solana

Reddit co-founder Alexis Ohanian’s venture firm has teamed up with the Solana blockchain’s venture arm for a $100 million (£74m) investment initiative into decentralised social projects. Seven Seven Six, Ohanian’s firm, will pay for half of the initiative with Solana coughing up the remaining $50 million. Ohanian gave his thoughts on Solana at a conference…Continue readingReddit co-founder sets up $100m investment initiative with Solana

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Official Dalai Lama NFT collection launches for charity

The first official NFT (Non-Fungible Token) collection of the Dalai Lama is launching today to raise money for charity. The series of 10 NFTs of His Holiness – created by artist Alex Echo and authorised by the office of the Dalai Lama, The Gaden Phodrang Foundation – each has 108 limited editions and will be…Continue readingOfficial Dalai Lama NFT collection launches for charity

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Open Rights Foundation unlocks 1.18 million ORE token community reward

The Open Rights Foundation (ORE), in partnership with AllianceBlock, has initiated a one-month liquidity mining campaign, with a total of 1,180,000 ORE ($ORE) Tokens to be distributed over 30 days. The ORE blockchain is built for decentralised identities, assets and rights. ORE works cross-chain with Ethereum, Algorand, EOS and more to connect Web 2.0 identities…Continue readingOpen Rights Foundation unlocks 1.18 million ORE token community reward

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FC Barcelona to launch NFT collection in partnership with Ownix

FC Barcelona has partnered with NFT marketplace Ownix to debut a non-fungible token (NFT) collection designed to enhance the digital connection between the club and its fans. The collection will include historic moments from the club’s 122-year history, including a trophy display of the club’s 95 domestic and international victories. FC Barcelona has stated: “This…Continue readingFC Barcelona to launch NFT collection in partnership with Ownix

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France FinTech launches €100m blockchain initiative funded by Binance

France FinTech, a non-profit association that promotes financial technologies in France, has launched a €100 million (£85m) initiative to support the development of the French and European blockchain ecosystem. The initiative, which is being fully funded by leading cryptocurrency exchange Binance, will see the development of a research and development hub in France, a decentralised…Continue readingFrance FinTech launches €100m blockchain initiative funded by Binance

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Nigeria has highest rate of global crypto ownership at 24.2%

Nigeria has the world’s highest cryptocurrency adoption rating, with 24.2% of adults owning some form of digital currency. According to the latest Cryptocurrency Adoption Index from financial comparison platform Finder.com, which surveyed 41,645 adults in 22 countries, Nigeria is well ahead of the global average adoption rate of 11.4%. Of the quarter of online adults…Continue readingNigeria has highest rate of global crypto ownership at 24.2%

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Alchemy valued at £2.5bn following Series C funding led by a16z

Alchemy, a leading infrastructure provider for blockchain and Web3 developers, has raised £183 million in its Series C funding round, bringing its valuation to £2.56 billion. The round was led by venture capital firm a16z, with Lightspeed and Redpoint also joining as new investors. Existing investors Coatue, DFJ, and Pantera also participated with additional investment.…Continue readingAlchemy valued at £2.5bn following Series C funding led by a16z

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Twitter working on ‘Collectible’ tab for users to showcase their NFTs

Twitter is working on a ‘Collectible’ tab that will allow users to show off their non-fungible token (NFT) collections. The tab will connect to Twitter users’ crypto wallets on platforms such as Coinbase and MetaMask, hosting a gallery of all owned NFTs on their Twitter profile. Users will even be able to set an NFT…Continue readingTwitter working on ‘Collectible’ tab for users to showcase their NFTs