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TikTok partners up with a blockchain-based music streaming platform

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TikTok

Tiktok has been downloaded by millions of people and has now chosen blockchain-based project Audius as its first music streaming partner.

The artists who use the red-hot video-sharing application will be able to share their music in the “TikTok Sounds” section.

The application of Audius was first launched on the Ethereum-based POA network. Audius announced earlier that it has approximately crossed 5 million users monthly, which has made it a famous application that is powered by blockchain technology.

Spotify, the world’s largest music streaming platform with over 365 million active users, is frequently criticized for underpaying songwriters. Audius, on the other hand, allows producers to determine their own standards for monetization rather than being paid directly.

Musicians use the AUDIO token that can be used for yield earning through staking.

According to Rolling Stone, co-founder Forrest Browning, the majority of the app’s users are uninterested in the blockchain:

He stated, “I would say that maybe 95 percent of our users have no idea that blockchain is even involved”.

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Titan introduces portfolio of crytocurrency for U.S. clients

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Titan

Titan, a U.S. investment adviser introduce a modern crypto offering for U.S. investors, providing market members to access digital currencies such as ETH and BTC.

The modern Titan crypto portfolio pursues the investors to invest in cryptocurrencies that have the potential to outperform in the long run. The portfolio is overlooked by titan’s crypto team and is also available for U.S. citizens who live outside the state of New York.

Earlier, Titan has raised $75 million in total capital, including a $58 million Series B round headed by Andreessen Horowitz. Despite the fact that the funds obtained were not primarily towards Titan’s crypto firms, Cointelegraph told by a representative at the company that these funds will assist titan’s cryptocurrency offering  “well beyond the flagship coins and behaviors,” mentioning to BTC and ETH. For upcoming growth DeFi coins is one avenue, the representative recognized.

For the most successful cryptocurrency campaigns, Andreessen Horowitz has been a part of. A company that is based in California newly launched a fund that worth $2.2 billion devoted to cryptocurrency plays and blockchain, Cointelegraph reported.

Among the largest funding phases have targeted crypto exchanges and other service providers that are giving old onramps on the investments of digital currency. There is mounting evidence on the institutional front that many of the investors have been rising their experience on digital assets.

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Bitcoin ” versus “ the Chinese Digital Yuan

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Bitcoin

Over 80 governments throughout the world (representing 90% of global GDP) are researching or experimenting with central bank digital currencies at the moment (CBDCs).

Only five nations had launched CBDCs as of July 2021. The Bahamas, Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia, and Grenada are all Caribbean island nations.

With its digital yuan, commonly known as the e-RMB or the Digital Currency, Electronic Payments, China has made the most progress toward becoming a fully-fledged CBDC of all major economies (DCEP).

CBDCs are digital currency managed by the government. In China’s case, the CBDC would be a digital counterpart of the yuan, the country’s currency (hence, e-RMB). CBDCs are comparable to stablecoins, which are tied to a fiat currency at a 1:1 ratio.

So the digital yuan is essentially the digital version of China’s physical currency: instead of carrying a physical banknote in your pocket, you digitally save the fiat in a mobile wallet. Each issued digital yuan token has the same unique identification as each real banknote printed by the central bank.

CBDCs, unlike cryptocurrencies, aren’t usually built on a decentralized blockchain since the central bank wants to keep control of the ledgers.

The digital yuan, which was first proposed in 2017, has been in the experimental stage since April 2020.

The People’s Bank of China (PBoC) began airdropping millions of digital yuan to citizens in October 2020 as part of a test of the technology—and to generate some excitement about it. In the summer of 2021, this is still going on.

The digital yuan is already accepted by a growing number of retailers around China, including Walmart.

According to the PBoC’s July 2021 progress report, the digital yuan was used in 70.75 million transactions by the end of June, with a total value of 34.5 billion yuan ($5 billion).

A huge roll-out during the Beijing 2022 Winter Olympics in February is next on the digital yuan’s plan. Foreign visitors will be included in the rollout.

Senators Cynthia Lummis (R-WY) and Marsha Blackburn (R-TN) and Roger Wicker (R-MS), all supporters of Bitcoin, have asked the United States Olympic and Paralympic Committee to prohibit athletes from using the digital yuan because it “may be used to surveil Chinese citizens and those visiting China on an unprecedented scale.”

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Ethereum miner revenue surpasses Bitcoin’s for third month in a row

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Ethereum

For the third month in a row, Ethereum miners have made more money than Bitcoin miners, the longest streak in history.

Ethereum miners made $1.03 billion in revenue in July, according to The Block’s Data Dashboard, a minor decrease from the previous month.

Bitcoin miners, for their part, earned $971.8 million in July, up over $100 million from June.

While transaction fees have remained a reliable source of revenue for Ethereum miners, this cannot be true for Bitcoin miners. Last month, transaction fees accounted for only 3.1 percent of Bitcoin mining revenue.

Mining revenue is a monetary estimate of the earnings generated by blockchain miners. It’s determined by multiplying each block’s current mining rewards plus transaction fees by the asset’s price for the month. It excludes costs such as power, other operating expenses, and taxes paid by miners.

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Crypto Team is Being Built by PayPal in Ireland as Bitcoin Acceptance Grows

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crypto

At the time when Bitcoin and Ether are gaining popularity, the new hires are required to help PayPal expand its crypto-focused business offering.

PayPal, the global payments company, is hiring for many cryptocurrency-related posts at its Ireland headquarters, highlighting the business’s ambitions in the fast-rising digital asset sector.

PayPal is looking to fill several crypto-focused posts in compliance, anti-money laundering, and business development for its Dublin and Dundalk offices, according to the Dublin-based Irish Independent, one of the country’s most popular news outlets.

PayPal established a specialized crypto and blockchain business unit earlier this year to assist its entrance into cryptocurrencies, which took place in October 2020 with the purchase of Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) by clients in the United States.

The company expanded its offering in March of this year, allowing US clients to pay for products and services with their digital asset holdings.

PayPal said two months later that clients would be able to withdraw their cryptocurrency to third-party wallets.

PayPal’s CEO, Dan Schulman, stated in April that the company’s crypto business has exceeded all expectations in its first six months of existence.

The fast adoption of digital assets like Bitcoin and Ether was accompanied by a tremendous price increase that brought the whole cryptocurrency market to a worth of about $2.6 trillion.

Crypto markets seem to have hit a bottom and are now hiking upwards again, after a significant correction between May and July.

Schulman stated on PayPal’s quarterly earnings call last week that the company’s crypto trading business would be arriving in the UK in the near future. Upgrades to allow for faster payment processing are also in the works, according to him.

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Coca-Cola to launch first NFT on OpenSea to support Special Olympics

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Coca-Cola

Coca-Cola, one of the world’s most well-known beverage brands, has announced the launch of a non-fungible token (NFT).

The Atlanta-based beverage corporation revealed its partnership with developer Tafi to offer branded virtual wearables named NFTs in a news release issued earlier today. The tokens will be used to represent various products and will be offered on a variety of blockchain-powered platforms.

Coca-Cola will make its first push into NFTs with this upcoming launch. It also marks the first time that a major company has used these tokens to expand its reach. All earnings from the sale will go to the Special Olympics, as the beverage firm wishes to commemorate International Friendship Day with the NFT.

Coca-Cola claimed that the NFT drop would consist of four different components, each containing multi-sensory NFTs housed inside a Friendship Box. The box will be an NFT as well. When the NFT is digitally opened, it will be auctioned off, and the winning bidder will receive more unique surprises.

The NFT launch also includes the ability to wear the assets in Decentraland, a blockchain-powered 3D virtual reality world. Coca-Cola also announced that to commemorate the launch of the NFT, it will throw a “Rooftop Party” on Decentraland.

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Mastercard Strives to Take the Lead in Crypto Markets

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Mastercard

Mastercard (MA), the world’s largest payments company, wants to make it easier for people to acquire, spend, and hold cryptocurrencies.

Mastercard also wants to be a major player in the Decentralized Finance (DeFi) with cryptocurrencies developer ecosystem.

Mastercard’s Start Path program is now open to startups and entrepreneurs who are focused on crypto and digital assets. The program allows new businesses to use the credit card network’s technology.

Mastercard established a Start Path global engagement program to support fast-growing digital assets, blockchain, and cryptocurrency startups, in order to make crypto holders’ transactional lives easier.

“As a leading technology player, we believe we can play a key role in digital assets, helping to shape the industry and provide consumer protection and security,” Mastercard’s executive vice president of new digital infrastructure and fintech, Jess Turner, said.

The Start Path program will provide cryptocurrency companies access to Mastercard’s most up-to-date tools and solutions, allowing them to scale their innovations and cutting-edge technology.

“These startups use the program to connect with our ecosystem of banks, merchants, partners, and digital players across the globe to deliver new solutions,” Mastercard explained.

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Cryptocurrency is gaining popularity among Kenyan farmers

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Cryptocurrency

KILIFI, KENYA – Cryptocurrency is making headlines because it is shaking up the financial world, but it’s also gaining momentum in less developing nations. An American economist who introduced blockchain technology for low-income urban customers has now expanded the cashless system to the countryside in Kenya.

Emmanuel Kahindi, a 26-year-old farmer from Kilifi on Kenya’s tropical Indian Ocean coast, is collecting tomatoes and other crops on a lush green farm. He uses Sarafu, Kenya’s cryptocurrency, to sell his crops and get supplies without having to invest cash.

Sarafu has been quite beneficial to him, he says, particularly because it encourages him to save his money, which is in Kenyan currency. He stated he uses Sarafu to buy garden supplies like seeds and fertilizer.

Sarafu coins function as vouchers that may be redeemed for goods or services from other Sarafu users. Enrolment is open to anyone having a Kenyan mobile phone line. Free Sarafu are offered to users. They earn coins after that by selling a product or service to another user.

Sarafu is a community inclusion currency (CIC) that allows people to give and receive credit without having to deposit Kenyan shillings or other currencies in a bank.

Will Ruddick, an American economist, founded the organization through his Kenyan NGO, Grassroots Economics. It was only recently introduced to remote regions like Kilifi by him.

“I think that’s where there is the most chronic lack of national currency. So, I think what’s happening, we’re filling a gap. People say look, the national ledger system, the national currency it is not available for us. We can’t measure our trade in this thing,” said Ruddick.

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Amazon: New job opening hints at crypto payments acceptance

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Amazon

Amazon is trying to hire a digital currency and blockchain expert who can help them develop a plan to allow users to pay using cryptocurrencies.

According to Amazon’s job posting, they’re looking for “an experienced product leader” to help develop the company’s “digital currency and blockchain strategy and roadmap” Amazon is searching for a product leader that is knowledgeable about blockchain, distributed ledger, central bank digital currencies, and cryptocurrency.

Bitcoin and other cryptocurrencies increased in value as a result of the news. According to CoinMarketCap, Bitcoin and Dogecoin were up approximately 12% late Monday morning, while Ether was up 10%.

The company now has more than 70 opportunities for blockchain professionals, indicating that the company may be developing a blockchain supply business for Amazon Web Services customers.

Amazon, in a statement, said ““We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments, and hope to bring that future to Amazon customers as soon as possible.”

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Bitcoin will be a key part of Twitter’s future, according to Jack Dorsey

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Bitcoin

Over the last few years, Twitter CEO Jack Dorsey has been a big supporter of Bitcoin. He and Jay Z just formed a Bitcoin fund. In a recent development, Dorsey stated that Bitcoin, together with decentralization (In blockchain, decentralization refers to the transfer of control and decision-making from a centralized entity) and artificial intelligence, will be the future of the company.

If the internet had a native currency, he claims, products like subscription, Commerce, Tip Jar, and Super Follows will be able to move faster.

“I think this is a big part of our future. I think there is a lot of innovation above just currency to be had, especially as we think about decentralizing social media more and providing more economic incentives. So I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it” he said.

Dorsey stated on Twitter’s second-quarter earnings call that Bitcoin is the greatest asset to become the internet currency and that once this is established, the company would be able to expand its product line more quickly.

This is the first time Dorsey has openly discussed Bitcoin integration into Twitter’s products, according to a Twitter spokesperson.

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Co-Founder of Ethereum Resigns, Citing Security Concerns

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Ethereum

Anthony Di Iorio, a Canadian entrepreneur and co-founder of Ethereum, has declared that he is leaving the crypto sector for safety concerns.

Di Iorio will sell his blockchain company, Decentral Inc., and cut links with many other crypto businesses he’s been associated with since 2013. Two years ago, Di Iorio announced his departure from Decentral, leaving as a member of the advisory board.

He returned to the organization soon after to take on a management position.

Decentral is a Toronto-based innovation hub and software development business that has released some decentralized applications, including Jaxx, a digital asset wallet. There are currently over a million users on Jaxx.

Di Iorio also founded KryptoKit, a browser wallet, in 2013, and the startup has subsequently attracted some of the industry’s early developers, including Erik Voorhees, Roger Ver, and Vitalik Buterin.

Di Iorio’s early collaborations with Buterin resulted in the initial conception and crowdfunding of Ethereum’s development in 2014, as well as the eventual debut on July 30, 2015. Charles Hoskinson, Joe Lubin, Gavin Wood, Mihai Alisie, Amir Chetrit, and Jeffrey Wilcke were among the first to fund the project, and the Ethereum blockchain, as envisioned by Buterin, was born.

According to Di Iorio, he assumed that staying away from crypto would make him ‘safer.’

Di Iorio declined to elaborate further on his personal security, instead stating that one of the key reasons for his withdrawal from the crypto industry was his “risk profile.”

“It’s got a risk profile that I am not too enthused about. I don’t feel necessarily safe in this space. If I was focused on larger problems, I think I’d be safer,” he shares.

Di Iorio stated that he would now focus on a philanthropy venture, a new organisation that would address “large problems” using the same concepts he used as a crypto entrepreneur.

“I’m a crypto guy and I don’t want to be known as a crypto person,” Di Iorio shares. “I want to be known as a problem solver.” He said.

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Blockchain: Australian government announced an AUD 5.6 million award

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blockchain

The Australian government announced an AUD 5.6 million awards to two blockchain tech platforms that facilitate supply chain solutions on Monday, July 13. The investment was made possible through the country’s Pilot Grants program.

Everledger (QLC) and Convergence. tech are the recipients of this funding (VIC). These two pilots will look into how block chain can be used to improve supply chain solutions. The goal of this initiative is to improve the efficiency and competitiveness of Australia’s Critical Minerals and Food and Beverage industries.

Furthermore, the government of Scott Morrison indicated that the research conducted by these companies will help to reduce regulatory compliance requirements.

It will also help businesses solve real-world problems, accelerating Australia’s adoption of block chain technology. Christian Porter, Australia’s Minister for Industry, Science and Technology, said about the project: “The blockchain Pilot Grants will demonstrate the potential for blockchain to help businesses to save money and cut red tape by improving processes such as tracking products throughout the supply chain and transferring customer information. These two successful projects will also highlight opportunities to improve the technical and regulatory environment for blockchain in Australia, bolster blockchain literacy and support collaboration between Australian governments, the private sector and block chain companies.”

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Crypto.com declared as Global Partner of the F1 ‘Sprint’ series

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crypto

With the fastest-growing cryptocurrency platform becoming initial and global partner of the new Sprint series for 2021, Crypto.com will join Formula One.

Apart from the sprint races, Cryptocurrency will have a trackside presence at every race for the rest of the season as part of a major global partnership agreement. The platform thinks that the agreement will help maintain its international brand awareness. F1’s Official Cryptocurrency Sponsor and NFT Partner (A non-fungible token a unit of data stored on a digital ledger, called a blockchain) will also be Crypto.

The Cryptocurrency Visa Card is the world’s most popular crypto card, available in 30+ countries worldwide. In addition to establishing the world’s fastest-growing cryptocurrency platform and the leading app in both the App Store and Google Play, the Cryptocurrency Visa Card is the world’s most popular cryptocurrency card.

Furthermore, in May 2021, Cryptocurrency set an ambitious goal of becoming carbon negative in 18 months, providing the industry with a path and a prototype for “clean crypto.” This strategy will initially focus on determining the amount of carbon produced by cryptocurrency trading, deposit, and withdrawal operations across all of its platforms, before rethinking how it conducts business outside of trading.

Formula One’s President and CEO, Stefano Domenicali said: “We are pleased to welcome Crypto.com to the Formula 1 family, as we continue to attract progressive global brands anchored in performance and innovation.”

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Bitcoin is better than gold, Steve Wozniak

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bitcoin

Steve Wozniak, Apple‘s co-founder, was present at the Jalisco Talent Land Digital in 2021 on Thursday, July 8. The businessman conveyed his views on bitcoin and the blockchain in this context.

“It is something impressive that we even know who created bitcoin, it is unique and completely a mathematical formula, which is also immutable, so it is almost a miracle of technology,” he explained.

He said that bitcoin is “better than gold” because gold must be found and it is limited. Also stated that he does not have any crypto assets, he further stated that he would be investing in Bitcoin in the coming future.

Wozniak spoke about technology and advancements as well as diversity and equal pay during his participation in the innovation festival.

“We should all be treated the same, but we can’t achieve much just by wanting it,” he said.

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Crypto Research Team Launched by Bank of America

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crypto

Bank of America has formed a crypto research team in an attempt to profit from the growing interest in the digital asset market.

Alkesh Shah would lead the new cryptocurrency research team, and the research would focus on technology related to the digital asset sector.

In the statement, Candace Browning, Bank of America’s head of worldwide research, said

”Cryptocurrencies and digital assets constitute one of the fastest-growing emerging technology ecosystems. We are uniquely positioned to provide thought leadership due to our strong industry research analysis, market-leading global payments platform, and our blockchain expertise.”

Bank of America joins the rising list of US-based banking giants betting big on the cryptocurrency network.

Some of the top US banks containing JP Morgan, Goldman Sachs, BNY Mellon, and various others have started offering some form of Bitcoin and crypto investment vehicles for their customers.

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