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NFTs: How They Work and How They’re Bridging Blockchains and the Collectibles Industry

by Christopher Tozzi 5 days ago

The upcoming NFT.NYC event highlights the growing role that non-fungible tokens (NFTs) are playing in the crypto industry — and a growing intersection between crypto assets and collectibles.

Sacramento Kings' Technology Team Mines Ether in Its Basketball Stadium

Source: ZDNet

The group of technologists behind the NBA's Sacramento Kings mines ether at the Golden 1 Center arena where the basketball team plays. The team said that it uses profits from the mining operation to provide funding for the local community and it invites local students to see the rigs. The team also claims that the arena is the first sporting venue to accept bitcoin.

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Mitsubishi UFJ Financial Group Announces Blockchain Payment System

Source: BTCNN

Mitsubishi UFJ Financial Group, a Japanese bank that ranks as one of the world's largest, plans to launch a blockchain-based payment system. The system, which will stem from a partnership between the bank and Akamai Technologies, will be called "Global Open Network Inc." and is expected to launch in early 2020.

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JPMorgan Launches 'JPM Coin,' First Cryptocurrency From a Major U.S. Bank

by Distributed.com 5 days ago

JPMorgan Chase & Co. has announced the creation of its own cryptocurrency, "JPM Coin," set to make up a small fraction of the trillions of dollars in value that it moves around the world daily through its wholesale payments service.

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Ledger Is Making Its Mark on Crypto Security

by Nick Marinoff 5 days ago

The crypto market has grown into one of the financial arena’s biggest players. Despite a lowly 2018 and an onslaught of sinking prices, entities like bitcoin are still trading for over $3,500 — not bad for a currency that was, not too long ago, worth a quarter of a cent.

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