Mining is no longer a labor-intensive activity nowadays; this term is more associated with cryptocurrency. In this process, new cryptocurrencies enter into circulation by the user; a user forms a blockchain network using a series of hardware. This is not an easy task; creating such a network is expensive, demanding very costly, and too much electricity. However, a bitcoin and Ethereum miner have found a way to get minimal cost of electricity by connecting his MacBook to his Tesla model of 2018, reported CleanTechnica.
Moviecoin.com brings movie funding and decentralized finance (defi) to both independent movie-makers and larger budget movies. Moviecoin.com will allow any budding movie producer, director, or writer to finance their own script and movie. Moviecoin.com is decentralizing and democratizing the world of movie finance, giving movie makers and consumers more control.
Crypto markets are bottoming out this weekend, which means significant price gains for smaller projects.
Indian industry association Indiatech has written to the country’s finance minister, Nirmala Sitharaman, regarding crypto taxation. The association represents major Indian cryptocurrency exchanges, including Coinswitch Kuber, Wazirx, and Coindcx. In its letter, the association representing the crypto industry asked the finance minister for clarity regarding crypto taxation in the upcoming Union Budget 2022-23. The Indian central government is planning to soon introduce a bill regulating cryptocurrencies.
The police in Kosovo have ramped up their efforts to crack down on crypto miners in the country, confiscating more than 300 mining machines on Jan. 8 alone.
Disney has been approved for a patent that would create personalized interactive attractions for theme park visitors. The technology would facilitate headset-free augmented reality (AR) attractions at Disney theme parks.
Mai Capital Management’s chief equity strategist and regional president, Chris Grisanti, has predicted that this year will be tough for crypto largely due to regulations. However, he expects established cryptocurrencies, such as bitcoin and ether, to “do quite well” once regulations come into focus.
OpenSea has been the dominant decentralized platform for users looking to mint, buy, sell and trade nonfungible tokens (NFTs). Serving more as an NFT aggregator than a gallery, OpenSea locked in $3.25 billion in volume for December 2021 alone, according to data from Dune Analytics and from December 2020 to December 2021, the total volume increased by a whopping 90,968%.