Connect with us

News

Bitcoin climbs over 7 percent to break USD 47,500

Published

on

Bitcoin climbs over 7 percent to break USD 47,500

Bitcoin climbs over 7 percent to break USD 47,500.

Bitcoin rose 7.07 percent to $ 47,587.38 (roughly Rs. 35,31,800) at 2200 GMT on Friday, adding $ 3,142.93 (roughly Rs. 2,33,300) to its previous close. Bitcoin, the world’s largest and most well-known cryptocurrency, is up 71.6 percent from a year’s low of $ 27,734 on January 4. Ether, the currency linked to the Ethereum blockchain network, was up 7.86 percent to $ 3,284.18 (roughly Rs. 2,43,700) on Friday, adding $ 243.55 (roughly Rs. 18,100) to its previous close.

Currently trailing Bitcoin in thousands of dollars, potential applications of the Ethereum platform, lower environmental impact, and technical updates are likely to help the Ether token continue to outperform Bitcoin, Pantera Capital CEO Dan Morehead said recently.

“You will see a transition of people who want to store wealth, doing it in (ether) rather than just Bitcoin,” he added.

The most significant change to the Ethereum blockchain since 2015, the London Hard Fork update, which went into effect on Thursday, shows that the network is well prepared for an even bigger update to reduce its energy use by 99 percent. , according to its inventor Vitalik Buterin.

Ethereum and Bitcoin, its better-known rival, operate using a proof-of-work system that requires a global network of computers that operate around the clock. Ethereum software developers have been working for years to transition from the blockchain to what is known as a proof-of-stake system, which uses a totally different approach to securing the network that also eliminates the problem of carbon emissions.

Source

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Appeals court allows Texas to continue banning most abortions

Published

on

Appeals court allows Texas to continue banning most abortions

Appeals court allows Texas to continue banning most abortions.

AUSTIN, Texas – A federal appeals court is once again allowing Texas to continue to ban most abortions.

Thursday night’s decision keeps the law known as Senate Bill 8 in place as the Justice Department tries to stop the law.

The Biden administration is suing Texas over restrictions that prohibit abortions once heart activity is detected, usually around six weeks.

The US Court of Appeals for the Fifth Circuit has now allowed the law to proceed three times since August.

Texas law allows private citizens to collect at least $ 10,000 in damages if they file a successful lawsuit against an abortion provider who violates the restrictions.

Continue Reading

News

Lance Bass and her husband are now proud parents of twins

Published

on

Lance Bass and her husband are now proud parents of twins

Lance Bass and her husband are now proud parents of twins.

Lance Bass used to tour the world as a member of NSYNC, but now he has a very different life. Bass and her husband Michael Turchin are proud parents, news they were delighted to share with the world.

Bass and Turchin welcomed the twins to their family today, Violet Betty and Alexander James. The NSYNC singer was delighted that everyone knew about this joyous event through his Instagram account.

While calling his twins “baby dragons,” Lance Bass shared how incredibly happy he was and how much love he felt. Obviously, a lot of good wishes flooded the couple and he addressed them with gratitude as well.

The baby dragons have arrived !! ❤️❤️❤️❤️❤️ I can’t express how much love I feel right now. Thanks for all the kind wishes. It meant a lot. Now how do you change a diaper? Ahhhhhhhh!

The proud new parents got married in 2014 and announced that they were expecting twins in June via TikTok. This came after the family had a difficult surrogacy situation involving a miscarriage, multiple IVF treatments, and nine different donors. The ubiquitous COVID-19 pandemic didn’t help either.

Through all the adversity, Lance Bass and her husband Michael Turchin never gave up on their dream of becoming parents. Today, the 42-year-old former boy band member and her 34-year-old husband saw the fruits of all that hard work join their family.

Continue Reading

Business

Jay Z invests USD 19 million in company in cannabis products

Published

on

Jay Z invests USD 19 million in company in cannabis products

Jay Z invests USD 19 million in company in cannabis products.

Jay-Z is considered one of the most legendary rappers in the world of Hip-Hop. In addition to his musical prowess, Hov is also a smart businessman and is worth over a billion dollars for good reason. You also realize that people love to gamble.

Jay-Z was one of the names linked to the acquisition of the Denver Broncos from the NFL for a lucrative $ 4 billion. This would have made Jay-Z the first black owner of an NFL team.

Unfortunately, that ultimately didn’t happen, as Jay-Z was said to have no interest in investing that much money in the Denver Broncos in the first place. Instead, he decided to invest a lot of money in a smart home company.

Now it appears that the music mogul has decided to invest $ 19 million in payment company Flowhub as it is entering the marijuana industry alongside venture firms Headline and Poseidon.

Worth $ 200 million, Denver-based Flowhub helps cannabis dispensaries process payments and has raised a total of $ 50 million to date. While talking to Forbes, Flowhub founder and CEO Kyle Sherman spoke about Jay-Z’s investment in the business.

“When Jay says, ‘I’m not a businessman, I’m a businessman,’ it’s true. “He has incredible business acumen, he really knows how to surround himself with brilliant people and build great companies.

We are delighted to announce this capital increase. Headline is an incredible Silicon Valley-based venture capital firm, Poseidon is a pioneering investor in the cannabis industry, and JAY-Z is a global cultural and creative force no matter what industry they are involved in.

I couldn’t think of a better group to work with as we take this company to the next stage. This funding not only underscores the significant value that Flowhub offers to our clients, but also the maturation of the cannabis industry in general. We remain committed to developing innovative products that help our retail customers do better business. “

Jay-Z will continue to shine in whatever business endeavor he sets out to do and that is unlikely to change anytime soon.

Continue Reading

Trending