Kyt Dotson
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The global payment provider Checkout.com unveiled a new stablecoin settlement solution today that will allow merchants to convert the cryptocurrency during customer transactions, opening up new opportunities for e-commerce. A stablecoin is a type of cryptocurrency that maintains one-to-one parity with a …
At WWDC, Apple unveils the M2 chip, new MacBook Air, iOS 16, macOS Ventura and more
Apple Inc. took to the stage today at its annual Worldwide Developers Conference to make a raft of announcements, including new features for iOS 16, iPadOS 16, WatchOS 9, a new release for macOS named Ventura and, not least, a MacBook Air …
New York passes bill to ban bitcoin mining facilities that rely on nonrenewable energy
The New York Senate passed a bill early Friday morning that will ban certain types of cryptocurrency mining that rely on nonrenewable energy sources. The bill targets mining facilities that process “proof-of-work” currencies such as bitcoin and Ethereum, which is a particularly energy-intensive …
Blockchain bug causes Solana’s fifth outage in 2022
Solana, a popular blockchain protocol for cryptocurrencies and nonfungible tokens, suffered a network outage on Wednesday that took down the network for approximately four hours. According to a tweet from the Solana Status Twitter account, the network stopped working because a bug …
Computer scientists and tech experts pen letter to legislators critical of crypto lobbying
A group of computer scientists and technology experts have written an open letter to U.S. lawmakers asking them to resist lobbying by the cryptocurrency and blockchain industry. The 26 experts and professionals who signed the letter included Harvard lecturer Bruce Schneier, IBM …
Blockchain-based data-sharing platform Vendia raises $30M
Vendia Inc., an enterprise data-sharing platform that uses blockchain technology, said today that it has raised $30 million in new funding led by NewView Capital. The Series B investment brings the total funding raised by Vendia to $50 million. Neotribe Ventures, Aspenwood …
Crypto payments infrastructure firm Merge raises $9.5M
Merge, a Web3 payments infrastructure provider startup, today announced that it has raised $9.5 million in seed funding to develop its banking and payments platform to “merge” cryptocurrency and traditional financial services. The round was led by Octopus Ventures and included big-name …
Rebooted Terra blockchain Luna token value already crashing after selloff
The new Luna cryptocurrency belonging to the collapsed Terra blockchain that was relaunched over the weekend saw its value drop almost 70% during a massive selloff after it was distributed. The new tokens were “airdropped” to investors by Terraform Labs, the developer …
Terra 2.0 blockchain launch planned for Saturday in revival bid
A new blockchain fork of Terra will launch Saturday in an attempt to revitalize the crashed TerraUSD or “UST” stablecoin and its related cryptocurrency Luna, which lost all its value earlier in May. “The community has been working around the clock to …
Basetwo raises $3.8M to launch AI platform for pharmaceutical manufacturing
Basetwo, a no-code artificial intelligence platform for manufacturers, today announced it has raised $3.8 million in seed funding to allow pharmaceutical process engineers to build digital twins of their manufacturing plants more rapidly in order to increase process development and efficiency. The …