Technology

Rows of latest-model laptops, highly sought after by the gaming community, have been spotted in China being used to mine cryptocurrency. In tweets posted on Wednesday, images show a room filled with “several hundred” gaming laptops said to be kitted out with Nvidia RTX 30-series graphics processing units (GPUs). WCCTech, a computer and gaming publication,
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A digital bank guarantee has just been executed over a blockchain system in Australia, in what’s being called a first for a commercial bank product in the nation. Lygon, a blockchain-based platform and joint venture between the ANZ, Westpac and Commonwealth banks, shopping center operator Scentre Group and IBM, announced the “milestone” news Wednesday, saying
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Ethereum startup Matic Network is rebranding to Polygon as it goes all-in on further Ethereum Layer 2 scaling solutions. The India-based firm is pivoting toward addressing Ethereum’s throughput problem with a forthcoming Layer 2 aggregation SDK that can host multiple technologies at once, according to a blog post shared with CoinDesk.  The startup currently administers
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Curve Finance is making its way to another blockchain – Polkadot. The decentralized finance (DeFi) money market is building a cross-chain implementation to run on the Polkadot parachain Equilibrium. Once implemented, the automated market maker (AMM) will exist on both Ethereum and Polkadot. Curve Finance is one of the largest automated market makers (AMM) on
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According to the crypto app tracker, State of the Dapps, there are nearly 3,000 decentralized apps (also known as “dapps”) currently running on the Ethereum blockchain. These apps differ from regular mobile and web-based apps because they aim to hand users more control over the data the apps manage. Traditional apps, such as Robinhood or
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The creators of the Tendermint-based Terra suite of stablecoins are opening a fund to foster its tokens’ usage anywhere people are doing decentralized finance (DeFi) – and that primarily means Ethereum. Announced Thursday, Terraform Labs has launched a $10 million fund, Terraform Capital, to drive integrations of either its dollar-pegged stablecoin, TerraUSD (UST), or its
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Centralized payment companies such as Visa, Mastercard and PayPal will need to adapt if they are to survive the potential demand for blockchain-based stablecoin payments, according to research firm Gartner. In a Thursday blog post, Gartner notes that, while new bitcoin offerings from such firms are helping to prepare the transition to a future payment
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“Hashrate” refers to the total combined computational power that is being used to mine and process transactions on a Proof-of-Work blockchain, such as Bitcoin and Ethereum (prior to the 2.0 upgrade). A “hash” is a fixed-length alphanumeric code that is used to represent words, messages and data of any length. Crypto projects use a variety
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