Crusoe Energy will offer oil companies to use surplus natural gas for cryptocurrency mining.

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Crusoe Energy Systems has announced the development of mobile modular data centers that can be used for mining cryptocurrencies, consuming the excess gas remaining in oil production.

It is reported that with the help of such mobile data centers, oil producing companies will be able to stop burning excess gas and use it for cryptocurrency mining. This will also reduce emissions of carbon dioxide, volatile organic compounds and nitric oxide immediately by 99%.

“We are committed to developing new technologies to reduce emissions from gas flaring that can cope with the large gas flow generated by shale oil producers in North America. Crusoe technology enables the use of wasted energy for growing industries that require energy-intensive computing. For example, for the areas of blockchain and artificial intelligence, ”said Chase Lochmiller, co-founder and head of Crusoe.

The company has already received more than $ 4.5 million investment in the development of appropriate equipment. Investors included Bain Capital Ventures and the Founders Fund Pathfinder, as well as Winklevoss Capital Management.

A recent Reportlinker study showed that the mining equipment market will grow in the coming years. At the same time, demand for FPGA processors and ASIC miners will contribute to this growth.

The Denver company, which is setting up data centers on shale drilling sites to take advantage of its surplus natural gas reserves, says it currently has eight operations across the United States and plans another 30 in the first half of next year.

The centers are touted as a way to solve the growing problem of gas burning when energy companies burn excess gas. Burning in Texas this year reached a record high due to a lack of pipelines.

Crusoe Energy Systems Inc., in close contact, uses part of the excess gas in the source to turn it into electricity, powering data centers, which, in turn, generate revenue from bitcoin mining. Next year, the company will install 70 units, each with a capacity of about 1 megawatt, which

will avoid burning about 10 million cubic feet of gas per day, CEO Chase Lochmiller said in an interview.

“This is a very creative way to solve environmental and economic problems for the oil and gas industry,” said Alex Urdea, Investment Director at Upper90 Capital Management LLC, which agreed to provide Crusoe with $ 40 million in project financing. The business model is of interest to large oil and gas producers, and ultimately it may include revenue sharing, he added. Crusoe also raised $ 30 million by selling shares to investors, including Bain Capital Ventures.

Earlier this year, Crusoe raised $ 5 million in seed capital from investors, including Winklevoss Capital Management LLC. Several units can be deployed on one site to build scale. As the number of active modules increases, Crusoe plans to start using some of these computing capabilities to develop a new cloud computing service with artificial intelligence.

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Mastercard, Ripple and Binance join Blockchain Education Alliance.

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The Blockchain Educational Alliance, created by the MouseBelt blockchain accelerator, has gained several noteworthy new members.

Ashley Meredith, director of the MouseBelt Blockchain Accelerator University program, told Cointelegraph on February 11 that the new entrants included Behemoth Mastercard, a payment processing company, Binance X, an innovative large-scale cryptocurrency exchange unit, Ripple Spring accelerator and KuCoin cryptocurrency exchange.

NEO’s smart contract platform, IoTeX’s Internet of Things startup, Quantstamp blockchain security company, and Constellation Labs big blockchain chain service have also joined the alliance.

According to the official website, the Blockchain Education Alliance aims to support education “so that students gain the skills, connections, and knowledge needed to contribute to the blockchain ecosystem.”

At the time of its launch in October 2019, the alliance included the Star Development Fund, Tron, Hedera, Icon, Ontology, Wanchain, Harmony One, Nervos, Orbs, LTO Network, Emurgo, Nem and ETC Labs.

In August 2019, MouseBelt launched an initiative to create blockchains on three campuses of the University of California system.

Blockchain and crypto need education

The blockchain and cryptocurrency industry has long been plagued by a lack of specialized workforce capable of pushing space forward. At the end of August 2019, Ken Weber, head of the Ripple Social Impact Service, said universities around the world should expand their educational programs to offer courses on blockchain and digital resources.

Last month, Nikolai Musheghyan, a former MakerDAO member and Carnegie Mellon graduate, allocated 10,000 MKR — worth less than $ 5.65 million. The United States at the time of printing was its alma mater to develop a research program for decentralized applications. In October 2019, a master’s degree in blockchain technology and distributed ledger was opened at the University of Malta.

Mastercard, the innovative divisions of Ripple and Binance, and eight other other companies, have joined the alliance that supports blockchain education at universities around the world.

MouseBelt Blockchain Accelerator announced that it has accepted 11 founding members to its Blockchain Education Alliance. In addition to Mastercard, Ripple and Binance, the alliance included representatives of Neo, KuCoin and the Matic Network. They will join 13 companies, including Stellar, TRON and Wanchain, which have already become part of the alliance since its inception last October.

The Blockchain Education Alliance is part of the MouseBelt University program. This is an initiative to train the next generation of blockchain developers in more than 80 student associations around the world. Alliance members provide funding and educational resources that help students and teachers develop curricula and keep abreast of the latest developments in the industry.

Barcelona football club will issue a token for voting.

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Fans of “Barcelona” are going to get on the blockchain.

Barca, as one of the most popular football clubs in the world, produces tokens for use on the platform for fans. The tokens expected in the second quarter will allow owners to vote on various decisions about the team, for example, what kind of music to play in the stadium when the team scores a goal. The idea is to allow supporters around the world to participate in the club.

To get coins, fans can download the Socios.com app, buy the native coins of this app, known as Chiliz, and then use them to buy Barca Fan Team tokens. Fans will be offered 40 million Barca coins of 2 euros each, and most of the proceeds will go to the club, said Alexander Dreyfus, CEO of Socios.com, producer Chiliz, in a telephone interview. Chiliz tokens trade on several cryptocurrencies, and can also be stored in a cryptocurrency wallet.

According to Dreyfus, Barcelona is the ninth top-level team that signed a contract with Chiliiz at Socios.com to issue tokens. Other clubs include Paris Saint-Germain and Juventus. According to him, since the fan tokens debuted in December, about 110,000 users have registered who bought an average of $ 20 coins.

“For all these teams, it’s just another vertical — just like they have merchandising and electronic tickets,” said Dreyfus. “We are not targeting fans who are in the stadium that they already know. The idea is to reach 99.9% of people who are not in the stadium. ”

Catalan football club Barcelona will issue the Barça Fan Token token, which will give fans the opportunity to vote in club polls. Tokens will be available on the Socios.com app from Chiliz.

Barça Fan Token (BAR) was developed in collaboration with the blockchain company Chiliz so that fans can vote in polls initiated by the football club through the Socios.com mobile app. The CEO and founder of Chiliz, Alexander Dreyfus, said:

“Barcelona has over 300 million fans worldwide. The club is without a doubt the most famous and most supported football team in the world, and we look forward to seeing its fans participate in the club’s life. ”

Chiliz noted that fans interacting with the club through the app will be rewarded with points that can be exchanged for the team’s souvenirs. There are other features for BAR holders, including chat, token trading, games, and more.

40 million BAR tokens will go on sale in the second quarter of 2020 at a price of € 2 per token. At the same time, in order to get a BAR token, fans will first need to purchase a Chiliz token, which can be bought on many exchanges.

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The environmental monitoring organization PlanetWatch tested devices for monitoring air quality.

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The environmental monitoring organization PlanetWatch tested devices for monitoring air quality and obtaining accurate meteorological data that will be stored on the Algorand blockchain.

Algorand employee Kati Callaghan (Kati Callaghan) said that the devices are stationary sensors installed on homes, and mobile devices that you can carry and even fasten on public transport. For the collection and provision of data, sensor owners will receive PLANET tokens.

The received data is downloaded to the system in real time, and after verification it is stored in the blockchain and is in the public domain. The system is already being tested in several Italian cities, as well as long-term trials in the Arctic.

Claudio Parrinello, a former researcher and founder of PlanetWatch, said that all the devices have been thoroughly tested, and now the organization is negotiating with institutional investors.

“We are already showing great interest in our project. In fact, using sensors and transmitting air condition data to PlanetWatch, you are mining PLANET tokens, ”said Parrinello.

Recall that the Algorand blockchain project launched an updated version of its protocol “significantly expanding the range of decentralized applications and processes” that can be launched on the platform.

It is worth noting that in the summer, the Algorand blockchain project was able to attract $ 60 million of investments. As a result, Algorand lost 62% of its value in a month.

Algorand will also help fintech startup Monerium release money on the blockchain.

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Algorand blockchain used to control air quality.

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About PlanetWatch s.a.s.

Planetwatch s.a.s., is a high-tech startup based in France, less than a mile away from CERN. By leveraging synergically the Algorand blockchain, advanced data acquisition software developed at CERN and high-performance yet affordable air quality sensors developed by a major research institute, Planetwatch decentralizes, incentivizes and gamifies air quality monitoring. Planetwatch is going to deploy dense, low-cost air quality monitoring networks delivering real-time data and building the first global immutable ledger for historical air quality data.

Algorand puts air quality test results on a blockchain.

The DeFi-focused blockchain firm is teaming up with PlanetWatch to create an immutable record of global air quality test results

Decentralized finance-focused blockchain firm Algorand has teamed up with French start-up PlanetWatch to put global air quality test results on a blockchain.

A company spun off from the French physics lab CERN, PlanetWatch will use “internet of things” connected sensors to monitor and record air pollution data.

PlanetWatch called current air-quality monitoring “inadequate due to no real-time data reporting” in a release. Noting that the World Bank has labeled air pollution the fourth largest health risk in the world, the company said its goal is to ensure that when air pollution rises to dangerous levels, timely warnings are immediately available on a mobile app to “endangered populations.”

In addition to using Algorand’s open-source, permissionless blockchain to quickly disseminate and permanently record pollution readings, PlanetWatch plans to use it to reward volunteers who maintain or even carry pollution sensors with them. Participants will receive Planet utility tokens for contributing data.

“The missing link in air quality monitoring is a high-density, low-cost sensor network, delivering real-time data,” said Claudio Parrinello, CEO of PlanetWatch, in the statement. “Historically, air pollution is monitored through large, expensive scientific instruments installed in a small number of locations, with data not being published in real-time.”

Energy efficiency counts

Parrinello added that Algorand’s energy-efficient blockchain protocol was a factor in choosing to partner with the firm.

“Algorand’s protocol was built by the team to be energy conscious with minimal processing power needed to achieve consensus in its innovative pure proof-of-stake approach,” said W. Sean Ford, COO of Algorand. “The eco-friendliness of the Algorand network makes for a natural partnership with PlanetWatch to help global populations access transparent, reliable information about air quality in their locations.”

Energy-intensive proof-of-work mining practices have given Bitcoin in particular a bad name, said Ford. A 2019 study by the University of Cambridge estimated that Bitcoin mining uses as much energy as Switzerland. (That reputation may be overblown, other studies suggest.)

But there’s always a silver lining. “This data has vast commercial and scientific value as air quality pollution will become more prevalent in the coming decades,” Parrinello said.

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Tether launches gold stablecoin XAU ₮ tied to gold.

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This week, the crypto market saw a major development after the world’s largest stablecoin provider, Tether Ltd announced the launch of its highly-anticipated Tether Gold (XAU₮) token. Tether currently dominates the stablecoin market with a market cap of over $4.6 billion. Now, the firm seeks to transform the gold-backed token arena in much the same way.

News first broke via a post from Tether’s management team. In the post, the firm spoke on Tether’s proven track record for product innovation in the sector. Also, developers discussed the new XAU₮ token and its functionality. Specifically, the post clarified that XAU₮ represents ownership of one troy fine ounce of physical gold on a specific gold bar.

Tether Gold (XAU₮)

As part of the Tether Gold strategy, executives decided it was better to maintain direct control over the physical gold storage. As such, the gold represented by XAU₮ resides in a high-security vault in the country of Switzerland. The post explains that users don’t have to fear the loss of their physically-tethered gold because the vault incorporates best in class security systems coupled with advanced anti-threat measures.

Tether Gold via Company Website

In order to make this monumental task a reality, Tether chose to partner with long-time precious metals trader TG Commodities Limited. For their part, this UK-licensed firm provided the gold for tokenization. Notably, TG Commodities Limited is managed by one of the UK’s largest landowners, the Parduman K Gupta family. Consequently, the decision to work with TG commodities adds additional credibility to the entire concept.

Tether Gold (XAU₮) Tokens

Interestingly, Tether decided to go with a multi-blockchain approach to the market. Currently, XAU₮ tokens are to release in two different coding formats. XAU₮ is available in both ERC-20 tokens on the Ethereum (ETH) blockchain and TRC-20 tokens that live on the TRON network. Importantly, both types of XAU₮ are compatible with the current batch of Tether (USDT) wallets. In this way, XAU₮ tokens can transfer to any supported on-chain address without issues.

Tether Gold (XAU₮) Strategy

As part of Tethers XAU₮ unveiling, the firm made a couple of other important announcements regarding the token. Firstly, XAU₮ is to be the only gold-backed token to not charge custody fees. Notably, this decision improves the profitability of the token. Also, XAU₮ investors get access to a 24-hour dedicated customer support team. As it stands today, developers have not listed what exchanges will support XAU₮. However, developers did invite any interested exchanges to reach out for more details on how to list the token in the future.

Tether Gets Golden

Tether once changed the cryptomarkets forever, and now, it looks as if the firm is ready to do it again. It will be interesting to see exactly how Tether manages and audit this latest venture. In the past, the firm has run into issues regarding its Tether stablecoin accounting practices. Hopefully, the firm learned from those mistakes. For now, the entire crypto community awaits the launch of this unique gold-backed stablecoin.

The Tether project announced the launch of the new Tether Gold token (XAU ₮), tied to gold, which has already begun to be traded on theBitfinex cryptocurrency exchange.

According to the management, the Tether Gold token provides the right to own one troy ounce of pure gold bullion; today the stablecoin cost is about $ 1,550. Tether Gold is presented as an ERC-20 and TRC20 standard token, and is released on the Ethereum and Tron blockchains.

The gold that the tokens are provided with is in the Swiss vault. Tether does not plan to charge customers a fee for storing the precious metal and directly control it, which will differ from its competitors.

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