Author: Jeremy Ryan

Blockchain A government agency in the most populous US state, California, is testing blockchain technology using the Tezos network to execute some of its record keeping, including the issuance of car ownership and simplifying transfers of such ownership. The CA Department of Motor Vehicles (DMV) is expected to develop consumer-facing applications such as digital wallets and car title NFTs later this year, according to Ajay Gupta, the agency’s chief digital transformation officer. The state opted to team with Tezos and crypto software provider Oxhead Alpha to embrace California’s roadmap to explore crypto adoption, according to an Oxhead statement. Oxhead Alpha…

Blockchain Despite China’s frosty relationship with the cryptocurrency space, businesses in the country are increasingly embracing the underlying technology in the industry. In particular, blockchain has emerged as the fifth most preferred technology among leading Chinese fintechs, with a share of 33% as of 2022, according to a study by KPMG. The technology emerged behind big data, which has a share of 76%, followed by artificial intelligence at 68%, while cloud computing is third, accounting for 41%. The knowledge graph ranks fourth at 34%. Interestingly, blockchain ranked higher than 5G and robot processing automation. China government blockchain backing The study…

The Pudgy Penguins Floor has hit 4ETH for the first time this year! This is not entirely surprising, as Pudgy Penguins has been having a strong year engaging their community following the takeover led by Luca Schnetzler. With new projects and growth in sales, the Pudgy thesis continues to get stronger. Pudgy Penguins holders have described the community as “life-changing.” Credit: TechInAsia. I Am My Pudgy and My Pudgy is Me? Do you wake up or go to bed thinking, I am my pudgy and my pudgy is me? If not, you are currently missing out on one of the…

Pudgy Penguins, an Ethereum-based NFT collection, has partnered with LayerZero to enable cross chain transactions. The project seeks to reach millions of Web3 users by utilizing the capabilities of various chains to aid access. Thus, it has chosen to work with Polygon, BNB Smart Chain, and Arbitrum thanks to their “rapidly growing usage and exposure.”Natively based on Ethereum, Pudgy Penguins is composed of 8,888 hand-drawn penguins with unique characteristics. Lately, the project has witnessed an uptick in transaction volume, averaging almost 2 million a day. However, this has created congestion on the Ethereum network, with gas fees shooting up by…

NFT The non-fungible token (NFT) space witnessed exponential growth during 2021. From Snoop Dogg and Mark Cuban to Stephen Curry, many famous personalities are capitalizing on the trend of owning digital art. This article features the top 5 NFTs under 1 ETH to buy in February 2023. What are NFTs? NFTs or non-fungible tokens (NFTs) are a type of cryptographic token based on blockchain technology. Unlike cryptocurrencies that are fungible, NFTs cannot be exchanged or traded equivalently. They represent Internet collectibles like art, music, and games. Here are the Top 5 NFTs under 1 ETH The future of NFTs is…

De Nederlandsche Bank (DNB), the Dutch central Bank, fined cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million), due to non-compliance with local regulations for financial service providers, according to a Reuters report on Jan 26. The exchange reportedly failed to obtain the necessary registration to offer services in the Netherlands prior to beginning operations in the country. The DNB said it took into consideration the size of Coinbase as a company and the fact that it has a “significant number of customers in the Netherlands.”The authorities claimed Coinbase was non-compliant during the time period between November 2020 and August 2022. In…

NASCAR is all set to drop its first officially licensed digital collectible trading cards. The collectibles featuring 31 NASCAR drivers will launch on the Candy marketplace on December 13. Each driver comes in 3 rarities and has an edition size of 404 ICONs. For the uninitiated, ICONs are Candy’s digital collectibles featuring athletes. Let’s take a closer look at what NASCAR’s digital collectibles are all about! The NASCAR official digital collectibles will drop next week. What are the NASCAR digital collectibles? Called the 2022 NASCAR ICON Driver Series, NASCAR digital collectible trading cards come as blind packs. To explain, as…

NFT California’s Department of Motor Vehicles will test the Tezos network for the digitization of car titles as NFTs. The agency may also release a consumer application after successful testing. The California Department of Motor Vehicles (DMV) is testing the Tezos network to digitize car titles as NFTs. The venture comes from a collaboration between the DMV, Tezos, and crypto software development company Oxhead Alpha. The DMC is a state agency that registers motor vehicles and boats and is responsible for issuing driving licenses. Physical Documents Moving to NFTs In addition to digitizing car titles, it will also aim to…

An investigation into FTX’s collapse by an examiner could cost the firm upwards of $100 million without providing any benefit to creditors or equity holders, argues lawyers representing the bankrupt crypto exchange. The arguments were part of a Jan. 25 objection to a motion from the United States Trustee in December, which called for the judge to appoint an independent examiner to ensure any investigations are transparent and their findings made public. This will be fascinating.4 Senators submitted a letter asking for an Independent Examiner. Will they do more?Several States have entered the FTX case. Will they lend support for an…

NFT Yuga Labs does not have copyright registration for the images in the BAYC NFT collection. The information comes from court documents in the case against Ryder Ripps. Court documents reveal that Bored Ape Yacht Club’s (BAYC) parent company Yuga Labs does not have any copyright registrations for images in the collection. The information comes from court filings in the case between Yuga Labs and artist Ryder Ripps. Ripps used images from the famous NFT collection in his own NFT collection called RR/BAYC. Yuga Labs has sued Ripps for various reasons, including false advertising, trademark infringement, and cybersquatting. The parent…