Texas Welcomes Blockchain Data Center with 100% Net Carbon-Neutral Operations

Texas Welcomes Blockchain Data Center with 100% Net Carbon-Neutral Operations Aligning with Citizens’ “Long-Term Interests”

Meanwhile, the largest public bitcoin mining firms in North America overall hold more than 20,000 BTC, worth over $1.1 billion.

Digital asset mining infrastructure provider Core Scientific Holding has signed an agreement with the City of Denton, Texas, and an affiliate of Tenaska Energy to develop a 300MW blockchain data center in Denton.

Core Scientific Chief Executive Officer Mike Levitt said this is their first blockchain data center in Texas which gives them the opportunity to demonstrate their “ability to scale rapidly to meet the increasing demand” for secure blockchain infrastructure for digital asset mining.

For this data center, Core Scientific will be using emissions-free power supplemented by renewable energy credits.

On completion of the data center, this will increase the company’s total power capacity to over 800MW while remaining 100% net carbon-neutral.

“The company’s commitment to 100% net carbon-neutral operations aligns well with the goals of the Denton Renewable Resource Plan and the long-term interests of our citizens,” said Denton Mayor Gerard Hudspeth adding that its economic benefits will also be realized by the community for many years to come.

Market Manipulation Allegations

Meanwhile, Bitcoin miner Northern Data AF dismissed allegations of market manipulation by Germany’s financial watchdog.

“We are confident that we will clarify the matter in full cooperation with the authorities,” the company said in a statement.

The company said it had rejected the allegations made by the financial regulatory authority for Germany, BaFin, last week in a complaint filed with Frankfurt prosecutors over suspected market manipulation.

The subject of the complaint was Northern Data’s acquisition of bitcoin miner Whinstone US Inc., which was announced in November 2019, said the company.

Public Miners Holding 20k BTC

In other news, Samsung has said that it will start production of the first generation of 3nm chips in the first half of next year. The second generation of 3nm chips is expected to be produced in 2023, and mass production of 2nm chips won’t begin until 2025.

Whatsminer is mainly the mining company that currently uses Samsung chips.

Interestingly, the largest public bitcoin mining firms in North America overall hold more than 20,000 BTC, worth over $1.1 billion.

According to data from The Block, miners like Riot, Marathon, Bitfarms, Hut8, HIVE, Greenidge, and Argo collectively mined just under 6,500 BTC in Q3, accounting for about 7.5% of total BTC block rewards in the period.

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Author: AnTy

Hacker Selling T-Mobile Customer Data in Exchange for 6 Bitcoin

Hacker Selling T-Mobile Customer Data in Exchange for 6 Bitcoin

US operator T-Mobile is currently investigating the validity of the claims of a data breach that is said to involve the personal data of more than 100 million people, some of which have been put on sale for Bitcoin.

In an online forum, the hacker has asked for 6 Bitcoin worth $2.85 million at the current price of about $47,500 per BTC, as of writing, for a subset of data containing 30 million social security numbers and driver licenses. The rest of the data is being sold privately, the hacker told digital media outlet Vice, according to the report in Vice’s Motherboard.

“We are aware of claims made in an underground forum and have been actively investigating their validity,” a spokesperson for the Bellevue, Washington-based wireless carrier said.

Besides social security numbers and driver’s license information, the data included names, phone numbers, and physical addresses.

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Author: AnTy

Decentralized Indexing Platform, The Graph Introduces Incentivized Data Curation

Decentralized indexing platform, The Graph is extending its decentralization efforts by launching decentralized data curation. In a statement this Thursday, The Graph is releasing ‘The Graph Explorer’ and ‘Subgraph Studio,’ allowing curators on the platform to contribute and earn incentives.

The launches aim at creating an open and competitive data curation space ensuring data remains useful, accurate, and reliable. With these upgrades, The Graph is finalizing its goals to give its users a fully decentralized indexing platform.

Founded by Edge & Node, The Graph offers users a decentralized indexing protocol to blockchains such as Ethereum. Since its launch in 2018, the protocol has attracted hundreds of developers (mostly on Ethereum), who use its “subgraphs,” or open APIs, to collect and consolidate transactional information across different dApps on Ethereum and the Interplanetary File system (IPFS).

With the launch of the Graph Explorer dApp and Subgraph Studio, any developer or user can permissionlessly deploy subgraphs and curate on subgraphs in exchange for ‘query fees,’ paid in its native token, GRT.

Subgraph Studio and the Graph Explorer DApp

The Graph uses its Open APIs to represent data collected on a blockchain transaction. These subgraphs contain lists of useful information that can be used by developers to build dApps. The subgraphs index the data collected on Ethereum and stores it on the network. DApps then query the subgraphs to obtain transaction data from the blockchain, powering their front-end interfaces.

The launch of the Subgraph Studio allows users to create, test and deploy their own subgraphs on the network for incentives. This aims to increase the number of DApps selecting to build on The Graph’s network.

“Subgraph Studio represents a fundamental shift in delivering software,” a statement from The Graph post reads. “Now developers can publish subgraphs to mainnet by deploying to the Studio and paying for query fees seamlessly via gateways and billing.”

Currently, eight dApps, including udius, DODO, Livepeer, mStable, Opyn, PoolTogether, Reflexer, and UMA, have decentralized their data curation using subgraphs and more are expected to follow.

Practical use of subgraphs

There are two network participants on The Graph – indexers and curators. Indexers are the ones who sort out the data through subgraphs and arrange it to make it more palatable to users. These indexers are then paid in GRT tokens. However, the competition amongst indexers means that only the best will be selected for rewards based on the quality of data.

To claim GRT rewards, indexers need to provide a Proof of Indexing (PoI) to ensure the data is accurate. Once provided, the rewards are unlocked automatically but can be ‘slashed’ if the data is not accurate or best quality.

Similar to Yelp or Uber ratings, curators on The Graph rate and rank the most important subgraphs and signals to indexers to use them for their dApps. For their efforts, curators are paid query fees in GRT, incentivizing them to focus on the most important subgraphs that power the most useful blockchain applications.

“You’re incentivized to select good subgraphs that are actually being used,” Baptiste Greve, product manager at Edge & Node, said.

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Author: Lujan Odera

Top Crypto Data Aggregator, Coinmarketcap Integrates Uniswap to Offer ‘Direct Token Swaps’

Top Crypto Data Aggregator, Coinmarketcap Integrates Uniswap to Offer ‘Direct Token Swaps’

  • Crypto data aggregator, Coinmarketcap launches Uniswap portal on its website introducing decentralized token swaps to millions of users.

Announced Tuesday, Coinmarketcap.com, a Binance-owned crypto data aggregator, introduced a Uniswap-powered token swap feature on its website. The feature aims to give eager crypto traders and investors a direct channel to make a swap as soon as they check the price of tokens.

According to the statement, Coinmarketcap.com integrated Uniswap (both V1 and V2) and the Ethereum blockchain. This allows anyone who has connected an Ethereum wallet to swap the thousands of Ethereum-based tokens through Uniswap. Other cryptocurrencies currently supported include Uniswap (UNI), AAVE, Tether (USDT), and Bitcoin (BTC).

The integration is expected to increase the overall volumes on Uniswap, the largest decentralized exchange by trading volume, with millions of visits on Coinmarketcap monthly. According to SimilarWeb, Coinmarketcap.com had over 270 million visits in the past month alone, showing the impact the integration could have on Uniswap’s volumes. A statement from Coinmarketcap’s team read,

“With the rise of altcoins in the DeFi [decentralized finance] boom, the need for seamless ways to exchange tokens for participating in different crypto products and ecosystems has become essential.”

The integration supports any wallet accepted by Uniswap, including Metamask, Coinbase, Portis, WalletConnect, and Fortmatic. To start swapping directly from Coinmarketcap, you need to navigate to the coin page you wish to swap. On the right-hand side of the page, click the converter and select the “Swap on Coinmarketcap” option to start swapping on Uniswap.

The new integration could help the top crypto data aggregator keep its position as Coingecko, the second-largest crypto data aggregator, closes in on the top spot.

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Author: Lujan Odera

Solana Leads $3M Funding Round in Blockchain Data Platform PARSIQ

Blockchain data monitoring startup PARSIQ has closed a funding round of $3 million, led by the Solana Foundation.

The funding round also included notable investors such as Axia8 Ventures, Mindworks VC, Krypital Group, CoinUnited, and others.

PARSIQ To Use Fund To Expand Product Suite

The PARSIQ platform allows users to customize their notification settings to block out undesired noise while receiving important information in real-time.

The blockchain data firm revealed that the fund raised would be used to expand its product suite.

PARSIQ tools include notifications for token transfers, price fluctuations, and other blockchain-related movements.

Apart from Solana, the PARSIQ tools are also compatible with Bitcoin, Ethereum, and some other blockchains.

Solana Founder Anatoly Yakovenko, while speaking on the investment, said access to blockchain data through apps like PARSIQ was critical.

He noted that PARSIQ would help developers of Solana-based projects worry less when building out their stack, allowing them to concentrate more on their product.

The investment into PARSIQ comes after Solana raised $314 million in a private token sale.

The sale was led by Andreessen Horowitz and Polychain Capital with participation from Alameda Research, Block change Ventures, CMS Holdings, Coinfund, and others.

Founded in 2017, Solana is an advanced open-source blockchain project focused on providing a highly scalable, secure, and maximally decentralized platform.

Dubbed the Ethereum killer, Solana has been active in building tools and networks for others to build on the platform.

It has several decentralized exchanges (DEXes) and protocols built on it such as Serum, Raydium, KIN, Audius, Mango Markets, Bonfida, Maps.me, Pyth Network, USDC, Phantom wallet, and more.

Solana Hackathon’s Step Finance To Aggregate With Solana’s DEXes

The Solana blockchain had attracted thousands of developers to its network, breaking records for the most number of participants in a hackathon this year.

The hackathon, in collaboration with Serum, had over 3,000 registrations and over 100 project submissions.

One of the projects that emerged from the Solana hackathon is Step Finance, a DeFi position manager and aggregator. Although Step Finance did not win any prize during the event, it appears to be doing very well.

Step Finance started aggregating Solana’s decentralized exchanges (DEXs), including automated market maker Raydium, SerumDex, and Orca, to give traders faster access to price information.

Step Finance’s trading dashboard, called the Step Dashboard, will enable traders to have access to $845 million of liquidity and execute trades quickly at low fees.

Earlier this year, the aggregator completed a private token sale for $2 million in a round that saw participation from various Solana backers including Almaeda Research and Raydium.

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Author: Jimmy Aki

FTC Data Reveals Big Jump In Crypto Investment Scams, Losses Totaling M

FTC Data Reveals Big Jump In Crypto Investment Scams, Losses Totaling $80M

A new consumer protection data spotlight from the U.S Federal Trade Commission (FTC) revealed that consumers lost more than $80 million to cryptocurrency investment scams since October 2020.

Millennials Lost More Money to Scams

Data compiled from the last quarter of 2020 and the first quarter of 2021 showed that almost 7,000 investors were swindled by scammers who lured them into bogus crypto investment opportunities.

The report notes:

“Sites use fake testimonials and cryptocurrency jargon to appear credible, but promises of enormous, guaranteed returns are simply lies. These websites may even make it look like your investment is growing. But people report that, when they try to withdraw supposed profits, they are told to send even more crypto – and end up getting nothing back.”

The median amount lost to the investment scams and reported by these consumers was $1,900. According to the FTC, this figure is about twelve times the number of reports and nearly 1,000% more in reported losses compared to the same period earlier.

This year has seen a turnaround in the cryptocurrency scene as the hype around digital assets has spiraled. This has seen scammers taking advantage and cash in on the buzz, thereby luring people into bogus investment opportunities.

Young people have been more on the receiving end. According to the FTC, those in their 20s and 30s lost more money to investment scams than any other form of fraud over the six months, with more than half of their investment scam losses in crypto assets.

Investors Were Duped Elon Musk Crypto Identity Scams

One of the most common forms of crypto scam is when con artists pose as celebrities or renowned figures and promise to multiply the cryptocurrency that investors send to their wallets but pocket it instead.

According to the FTC, scammers impersonating Elon Musk were on the rise as consumers reported losing more than $2 million in such scams since October.

This isn’t the first time that scammers would exploit the Tesla CEO’s identity.

Earlier this month, scammers made $5 million worth of Dogecoin through fake giveaways using Elon Musk’s appearance on the Saturday Night Live show hosted on May 8. The scammers tricked the victims into transferring Dogecoin to a fake address with the belief that they would receive twice the Dogecoin they sent.

In 2020, crypto scammers took over prominent accounts on Twitter to dupe hundreds of crypto investors. The accounts targeted in the scam include US President Joe Biden, Barack Obama, Jeff Bezos, and Bill Gates.

The scammers reportedly used the high profile accounts to post tweets asking followers to send bitcoin to a specific anonymous address. They received 400 payments in Bitcoin, making a total value of at least $121,000.

The FTC has repeatedly advised investors to steer clear investments that promise guaranteed huge returns or claims that your cryptocurrency will be multiplied because they are usually scams. To help DOGE scams, the FTC also says investors should be wary of any callers, supposed love interests, organizations, or anyone else who insists on crypto.

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Author: Jimmy Aki

Nokia Floats Permissioned Blockchain Platform for Data Exchange

Nokia Floats Permissioned Blockchain Platform for Data Exchange

Telecoms giant Nokia is launching a private blockchain for enterprises, dubbed the Nokia Data Marketplace, per an official press release.

This enterprise solution is designed for the secure sharing of data, transactions, artificial intelligence (AI) models built within a permissioned blockchain architecture.

Nokia Designs Platform For Data Trading

The marketplace will provide enterprises and communication service providers (CSPs) access to trusted datasets. The service will facilitate real-time access to silos of trusted datasets for enterprises to choose from.

Furthermore, with the monetization of data swaps between customers, these CSPs could be empowered to grow into data marketplace providers.

The blockchain-focused effort would be useful in several sectors. These include EV charging, environmental data monetization, supply-chain automation, transportation, ports, energy, smart cities, and eventually healthcare.

Commenting on the service rollout, Nokia’s Vice President Cloud and Cognitive Services Friedrich Trawoeger said that customers are in need of secure and trusted access to data for effective business decision making.

Nokia Data Marketplace solves this problem, according to Trawoeger. The private blockchain enables CSPs and enterprises to benefit from richer insights and predictive models.

The Nokia Data Marketplace would also accelerate AI growth through a federated learning approach. This would see it use orchestration capabilities to drive the development of highly accurate machine learning models for analytic use cases. Nokia Data Marketplace is also looking to be the platform that would efficiently apply AI and machine learning algorithms for data on-site.

Enterprise Blockchain Growing

In a fast-growing digital ecosystem, more people are spending time behind their screens than outdoors. Companies are frantically searching out channels to lay hands on the numerous ways data is being created daily.

This need is even more apparent as many people stay indoors and connect to the world through their phones. Now more than ever, millions of data are being generated by the second, and Nokia may just be providing a platform where companies can easily get user info.

Aside from Nokia’s efforts, blockchain companies Stellar, XinFin, and Ripple Labs are notable players in this market segment. These combined trios have brought the blockchain-based enterprise service into the limelight and led to wider adoption of blockchain for various other uses.

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Author: Jimmy Aki

Bitcoin: Get Ready to Take Cover if FOMC Meeting Misses the Mark

Market sentiments are in Bitcoin’s favor as on-chain data signals an influx of retail and with stimulus checks coming in, as long as Fed Chairman Jerome Powell doesn’t pull the rug on equities.

This week, the cryptocurrency market is experiencing some losses. Bitcoin went down to just under $53,350, not long after hitting a new ATH near $62,000 on Saturday.

The new high came amidst the highly leveraged trading as seen in the flying funding rates on perpetual contracts. As we reported, this means not only intense upward momentum but also equally extended drawdowns that normalize the funding rates, which also went negative for the first time in two months.

“There’s just an insane amount of leverage in the system at all times,” Jeff Dorman, CIO for Arca, an investment management firm specializing in digital assets, told Bloomberg.

“During any period of exuberance, you see investors borrowing to lever up, and over the weekend we saw all the risk metrics we watch start to really get frothy. Generally, when that starts to happen, it’s only a matter of time before the slightest hiccup starts to liquidate those levered positions.”

Keep Them Coming

Not only the stock market is looking good, adding to positive market sentiments, stimulus-fueled bets that some of this money will move into Bitcoin also helped prop up the crypto over the past weekend. “The stimulus news was bid up by everyone in the Bitcoin world over the weekend,” said Dorman.

“Then we came in last night, futures were flat, 10-year was flat, and all of a sudden that started to unwind because there wasn’t nearly as much of a bullish overtone as some of the Bitcoin traders thought there might be.”

While this weekend was just some front running, according to a survey released Monday by Mizuho Securities, the majority of Americans are planning to spend their $1,400 stimulus checks on Bitcoin. 100 million checks will be sent to people over the next ten days, as per President Joe Biden.

In the short-term, stimulus checks are bullish for Bitcoin price, but any equity rebalancing and bearish Federal Open Market Committee (FOMC) meeting this week can bring more pain for the crypto asset, according to trader and economist Alex Kruger.

“I lean higher, but if Powell tanks the equity market on Wednesday, take cover aggressively,” said Kruger.

US Treasury yields have also been climbing up, which is not good for the risky-assets, including Bitcoin, ahead of the meeting. This would be time for Chairman Jerome Powell to assuage market expectations’ that the bonds sell-off won’t continue. Yields and prices and are inversely related.

The influx of Retail Traders

The amount of BTC held by exchanges is climbing in 2021. After reaching an all-time high in early 2020, BTC held on exchanges dropped after the March 2020 crash.

BTC reserves trended downward for most of the last year, only for the trend to reverse in November 202. Most of it is because of an increase in supply held by Binance and Gemini.

But this can be taken as a bullish sign as Coin Metrics says, “this potential signals an influx of retail traders holding their supply in exchanges instead of in their own wallets.”

Retail adoption continues to see a big jump as we reported; they are beating the institutions in Q1 of 2021. In Norway as well, a recent Arcane Research survey found that 7% of all Norwegian adults now own cryptocurrency. This is a growth of 75% since 2019.

As such, in the long-term, the “outlook remains very bullish, as many more leading financial institutions are considering adopting cryptocurrencies,” said Atichanan Pulges, CFO of Bitkub Capital Group Holdings Co., operator of Thailand’s biggest crypto exchange.

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Author: AnTy

2-Day Old DeFi Protocol Amasses Over $6.4 Billion; Boasts of 3-Digit APY

2-Day Old DeFi Protocol Amasses Over $6.4 Billion; Boasts of 3-Digit APY

Big Data Protocol runs on Solana, and FTX CEO’s Almeda firm has aped in with over $1 billion. All of the BDP’s circulating supply for the first 2 months will be distributed over the course of 6 days.

A new decentralized finance (DeFi) application is taking over the crypto scene as people are in with not millions but billions of dollars.

During the summer of 2020, the DeFi market saw people piling in millions of dollars in day-old unaudited projects. A few months later, the market has increased the stakes, and now the projects are seeing billions of dollars getting invested.

Over the weekend, a new project Big Data Protocol (BDP), had a fair launch. The same day it attracted over $100 million, which skyrocketed to more than $5.7 billion in just a day, and today it stands at more than $6.4 billion.

What’s important here is that FTX CEO Sam Bankman-Fried’s quantitative trading firm Almeda is pumping about $1.1 billion of these funds. The project is also powered by Solana.

The assets supported are Wrapped Ether (wETH), Wrapped Bitcoin (wBTC), Tether (USDT), USDC, SUSHI, LINK, UNI, YFI, AAVE, SRM, OCEAN, TOMO, and BDP Token.

BDP boasts annual percentage yields of three to four-digit on these assets.

The project, Big Data Protocol, tokenizes commercially valuable data and makes the data token liquid on Uniswap, as per the official website. Users earn data by providing liquidity to data tokens.

BDP currently has access to 14,141 professional data providers to source data. The data sourced here is relevant to oracle projects such as real-time price feeds and geared towards investors, including crypto-investors, traditional hedge funds, and other investment managers.

BDP tokens are used to pay for fees, burned to access the protocol, and unlock features and benefits on the platform.

The huge amount of funds pumped into the project could be because of the fact that all the circulating supply of BDP for the first 2 months will be distributed among 12 seed pools over the course of 6 days.

Another token, bALPHA, which is a data token, is minted to unlock access to the first collection of datasets. It has a hard cap of 18,000, all of which will be distributed among the two liquidity pools over 3 months, as per FAQs. These are earned by providing liquidity on Uniswap to either BDP/ETH or bALPHA/ETH.

As of writing, the BDP token is trading at a loss of 75% at $3.80 from yesterday’s $14.93 ATH, and bALPHA at $5,941 is down 86% from yesterday’s ATH of $42,135, as per CoinGecko.

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Author: AnTy

Tezos Partners with Wolfram, A Computational Tool to Integrate Data Oracles on the Blockchain

Tezos Partners with Wolfram, A Computational Tool to Integrate Data Oracles on the Blockchain

  • Wolfram Blockchain Labs (WBL), the creator of Wolfram Alpha, a mathematical computing tool, announced its partnership with TQ Tezos, a New York-based tech firm building Tezos blockchain solutions open software.
  • The partnership is also set to integrate Tezos blockchain in the Wolfram Language to support smart contract development and develop an oracle that provides Wolfram data to Tezos smart contracts.
  • This brings the total number of oracles on Tezos to three – Chainlink and Harbinger, the other two.

In a post this Monday, Wolfram targets the high-speed network to build out its blockchain wing, Wolfram Alpha expanding the features and services available to developers. Johan Veerman, the chief technology officer of WBL, said,

“Tezos is an exciting third-generation blockchain that features several services and functions that will expand what’s available to our developers.”

The post further explained that the partnership would enhance the deployment of smart contracts on the Tezos blockchain.

Wolfram Blockchain Labs offers institutions and developers a computational tool necessary to build blockchain solutions and quickly develop smart contracts. The partnership sees Tezos added to the Wolfram Language, opening new avenues for developers to deploy their apps efficiently.

Notwithstanding, the partnership will also see Wolfram develop an oracle that allows Tezos apps and developers to get data from Wolfram Alpha, a computational engine built by Wolfram Research Inc. According to the statement, the oracles were verified through the Mi-Cho-Coq framework, created by Nomadic Labs, to ensure all smart contracts on the platform run smoothly and correctly.

WBL will also provide a smart contract development toolkit, currently supporting basic features and services, to simplify the development of smart contracts on the Tezos blockchain.

Tezos now becomes the latest blockchain to join the Wolfram Language following Bitcoin, Ethereum, Cardano, Ark, and Multichain, since 2019. Additionally, WBL is looking at solutions to add baking (staking) properties of Tezos in the near future, the statement reads.

“This and our other blockchain partnerships help move WBL toward the larger goal of bringing computational reform to the financial industry: smart contracts, symbolic data, and smart reporting.”

Tezos recently announced its major Edo hard fork upgrade late last year to increase users’ privacy on the network. The network automatically updated on November 30, adding the sapling protocol by Electric Coin Company (ECC), allowing shielded transactions.

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Author: Lujan Odera