Bitcoin
Silicon Valley’s Top Investor Tim Draper to Keynote at Art&Co.
Art&Co., the world’s largest online auction for supporting charities addressing the five D’s of the Covid-19 virus: Disease, Death, Depression, Domestic Violence and Disproportionality for ethnic minorities, will host an online event on June 25 keynoted by top Silicon Valley investor Tim Draper to discuss the application of blockchain to the art world.
More than 260 pieces of art are being auctioned to bidders from across the globe by Art&Co. Funds raised are being shared by seven registered charities and 42 artists who have come together in the fight against Covid-19. Blockchain technology provided by LuxTag will prove ownership, record distribution of funds, deter counterfeit and track and trace artwork.
“It’s a partnership made in heaven,” said Tim Draper, Silicon Valley’s most notable blockchain and cryptocurrency investor and founder of Draper Associates, Draper University and DFJ. “Artwork needs a trail of its provenance and blockchain is inherently an immutable record-keeping system.”
Draper will give a live keynote online at ArtandCo.net on Thursday June 25, at 5 PM UK to discuss the interaction of art, philanthropy and digital technologies. He is noted for investments in Skype, Twitter, Tesla, Coinbase, DocuSign, Hotmail, Baidu, Ancestry.com and SpaceX, among others.
The provenance of an art piece is a fundamental part that creates value. When art collectors trade works, it is necessary to know its origin as well as the techniques and materials used. When art pieces change ownership, it becomes harder to track its provenance and proof of authenticity. LuxTag’s blockchain technology solves these problems by storing records on a ledger.
“Choosing LuxTag was easier done than said,” said Bundeep Singh Rangar, Art&Co.’s founder and PremFina’s CEO. “Recording ownership and purchases on the blockchain is a simple set of clicks on its App.”
LuxTag’s provenance tracking solution called Papyrus ensures authenticity and ownership of artworks. Each item is tagged with a unique identifier, intrinsically linked to a distinct blockchain account on the NEM public blockchain. Every account contains data and specifics about each artwork to prevent forgery. Smart contracts on the blockchain record ownership and transfers.
“LuxTag is unconditionally delighted to be a part of such a soulful movement,” said Jeff McDonald, co-founder of LuxTag. “We are happy to cooperate with PremFina’s Art&Co. project to deliver the best quality security system to the project.”
Recording all information using the properties that blockchain technology represents, i.e. decentralization, encryption, immutability, and transparency, is a significant step forward toward a more secure and accurate description of Art&Co.’s highly valuable artwork, McDonald said.
LuxTag will record the purchases and distribution of funds on the NEM blockchain, as raised from InsurAid’s Art&Co. project to artists and seven registered charities: ICU Steps, The Care Workers Charity, Khalsa Aid International, Race on the Agenda (ROTA), Painting Our World in Silver, Solace Women’s Aid and Za Teb. UK charities have welcomed the Art&Co. initiative by PremFina’s InsurAid unit since they have lost billions of pounds in contributions, due to the lockdown.
London-based fintech firm PremFina’s shareholders include global investors Rakuten Capital, the investment arm of Japan’s Rakuten, the UK’s Draper Esprit Plc, backed by Silicon Valley billionaire Tim Draper, Thomvest Ventures, the venture capital firm of Canada’s Peter Thomson, whose family is known for its namesake Thomson Reuters Corp., Emery Capital, Talis Capital and the company’s founder and CEO.
Bitcoin
LQWD Technologies To Attend Pacific Bitcoin Conference 2023
LQWD Technologies (TSXV: LQWD) (OTC: LQWDF) a front-runner in Bitcoin Lightning Network solutions, is pleased to announce its participation in the Pacific Bitcoin Conference 2023. This premier event is scheduled to take place in Santa Monica, CA, on October 5-6.
Representing LQWD Technologies at the conference will be CEO Shone Anstey, who will be hosting a dedicated booth.
The Pacific Bitcoin Conference serves as a nexus for knowledge exchange and networking in the realm of Bitcoin and blockchain technologies.
Those interested in attending can find more information and purchase tickets on the official event website. To arrange a meeting with the LQWD Technologies team, please reach out to [email protected].
Website: www.lqwdtech.com
Twitter: @LQWDTech
This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LQWD Technologies Corp.
Bitcoin
GoMining Reveals Cutting-Edge North NFT Collection
Leveraging its vast experience since 2017, GoMining is leading the way in bitcoin mining, providing users with an effortless and user-friendly service. Now the company has introduced the so-called North Collection.
The company’s NFT collections provide daily bitcoin rewards to holders, with their substantial fleet of real equipment installed across the globe. Continuing their successful streak after the highly acclaimed East NFT Collection, this latest release marks the next installment in a series of crypto art devoted to various regions. GoMining’s fresh North NFT Collection draws inspiration from three key references: the critical role of low temperatures in mining device operations, the restraint and resilience found in northern regions, and the empowering force driving their endeavors. These references served as the foundation for the collection’s captivating images, reflecting the core principles behind GoMining’s innovative approach to bitcoin mining.
GoMining’s new NFT series is issued on the Binance Smart Chain, utilizing the BEP-20 standard for seamless integration and accessibility. With an impressive energy efficiency rating of 35 W/TH, these NFTs ensure the quickest payback period for holders. Moreover, the NFTs offer a diverse range of computing power options, spanning from 1 to 128 TH/s, accommodating various mining requirements and preferences.
In just over two years, GoMining has achieved remarkable growth. The platform has distributed more than 2,000 BTC to holders, issued 20,000 NFTs, and elevated its overall hash power from 100,000 TH/s to an astounding 2,359,877 TH/s. This exponential progress showcases the project’s resounding success and commitment to innovation in the cryptocurrency and NFT space.
As per GoMining’s CEO Mark Zalan, the company is doing everything to offer a broad variety of options to its holders, proving its sustainability and transparent approach. “We’ve been in operation for over two years providing consistent rewards for our holders daily. All of our efforts are aimed at showing tangible infrastructure behind the product – in this case real equipment with data centers in different regions like Norway.”
GoMining remains dedicated to introducing updated versions of its NFTs, originally crafted to provide easier access to bitcoin mining. All NFT collections, such as the renowned collaboration with MMA star Khabib Nurmagomedov, combine visually stunning designs with real equipment-generated computing power, offering continuous mining rewards to their owners.
The new North collection is available here.
Bitcoin
New study reveals the cryptocoins that the US wants to sell the most
A new study has revealed the cryptocoins Americans want to sell the most, with Bitcoin taking the top spot.
The research was conducted by crypto gambling experts at cryptogambling.tv, who analyzed Google Trends data to establish the cryptocurrencies the US wants to sell the most out of the 24 largest cryptocurrencies by market cap, giving an average weekly search volume for the interest in selling each cryptocoin.
The study revealed that Bitcoin has the highest number of searches from Americans looking to sell this cryptocurrency. Searches to ‘sell bitcoin’ were the highest at the end of July in the United States and worldwide.
Many factors might sway someone to sell their Bitcoin, with the main reason being the current financial and economic strain many countries in the world are facing, prompting people to tap out and cut their losses. Last year the price of the cryptocoin dropped below $16,000, which highlights its downfall tremendously, and with Bitcoin’s value being based purely on speculation, it can be challenging for those who don’t know whether or not to stick with it.
Ethereum is the second cryptocoin Americans want to sell the most, with searches for ‘sell Ethereum’ being the highest in September worldwide. Although the currency is known for owning around 20% of the global crypto market, those wanting to invest tend to agree that it is one of the safest long-term coins. The current price of Ethereum is $1,458, and with the cryptocoin shifting its process from PoW to PoS, it’s predicted its supply may reduce.
XRP is the third cryptocoin Americans want to sell the most, as it is predicted that its price will be near $0.198 by the end of this year. XRP runs by RippleNet and is a low-cost coin which is excellent for those who want to begin investing; however, due to the current lawsuit proceedings with the SEC, there is a significant decrease in interest for the currency, which has undoubtedly urged investors to act fast and sell.
The fourth cryptocoin Americans want to sell the most is Dogecoin, which, although it has remained one of the top cryptocurrencies in the industry, is still not a solid investment for many investors. The coin rose over 15,000% over 2021, and for a cryptocoin which was created as a joke when it first began, it has truly exceeded expectations. Many avoid investing in Dogecoin due to its price volatility, no supply limit, and not being as widely accepted as other competing coins; these are reasons why many also want to sell.
Shiba Inu is the fifth cryptocoin that Americans are looking to sell, and while the coin is top-rated, it is advised that those looking to invest should not use it as a long-term investment. The coin is down almost 92% since 2021, but many investors hope it will still go up in time as it is currently at over 589 trillion.
An expert at cryptogambling.tv commented: “The cryptocurrency market is forever fluctuating, and with the increase in economic stress worldwide, it can be an uncertain and nerve-racking time for those hoping to make sound investments in the crypto world.
“This study offers an interesting insight into which cryptocoins Americans currently want to sell, with Bitcoin being the most popular to sell.”
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