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.

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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The Nasdaq Stock Exchange is considering launching bitcoin futures.

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The Nasdaq Stock Exchange is considering launching bitcoin futures. This was announced by the CEO of the exchange Aden Friedman in Davos.

CEO Adena Friedman said to Bloomberg that Nasdaq is still considering a variant of launching the Bitcoin futures product.

During the interview at Bloomberg given to Erik Schatzker on the World Economic Forum in Davos, Nasdaq CEO Adena Friedman was discussing her LinkedIn post concerning” market economy”. She was also touching the cryptocurrency sphere, saying that Bitcoin futures are a viable option and that they have an unnamed partner helping to set everything up.

Two Main Reasons Nasdaq Will Consider Regarding Bitcoin Futures

After observing the market conditions, Nasdaq wants to bring up a viable solution that will be different from the competitors. This is a wise move, which is what good business gurus (like Guy Kawasaki, Richard Branson or Barry Feldman) typically advise to do. If you’re going to conquer some marker, make sure that your offer is substantially different from the ones given by the other ventures, shops, restaurants, crypto exchanges, etc.

The second major consideration is that the exchange has no certificate. They need to obtain the papers allowing them to be a futures exchange. And they want to do it via the current NFX license that is already in their possession. Friedman said that cryptocurrencies are not evil, that they could change society. She noted that cryptocurrencies have a deep impact on the global economy. Adena is unsure whether the blockchain hype will provoke something hardcore enough to facilitate large amounts of payments:

“DIGITAL CURRENCIES AND CRYPTOCURRENCIES WILL HAVE A ROLE IN THE GLOBAL ECONOMY. THE QUESTION IS WILL THEY MATURE TO A STATE THAT IS USED FOR THE TRANSFER OF GOODS.”

Strange that she says it in such away. Because many of the cryptocurrencies already transfer colossal amounts of goods from country to country. The WSJ was reporting in November 2017 that Nasdaq is working with Cantor Fitzgerald. They wanted to bring up the futures product. It supposed to arrive until the second half of 2018. But later, apparently, the investors ran away from the falling price of the still so volatile BTC. At the same time, many other firms came up with similar solutions, including the Intercontinental Exchange (ICE) and Chicago Mercantile Exchange, and won.

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What are the conditions in Armenia for the blockchain business ?

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Armenia can become a very powerful ecosystem or a hub for blockchain technology, Henry Arslanyan, the first Asian teacher of the FinTech course at the University of Hong Kong, told reporters today in Yerevan.

Henry Arslanyan said there is a great interest now in blockchain technology. In his words, these technologies and the crypto technology market can be very useful to many young people, startups and technology companies in Armenia not only in terms of Armenia, but also in terms of entering the world market.

He said although blockchain is a new technology, there are startups in Armenia that work in this area, and an increase in the number of such companies is very important.

“The blockchain in Armenia is still at an early stage and the ecosystem is very small, but at the world level, many leaders and experts are Armenians who specialize in this industry, and this potential can be used as well,” Arslanyan said.

According to him, the capabilities of the blockchain can be used to improve the economic development of the country.

He said many countries today are trying to solve legislative and tax issues, but now it is much more important for this sector around the world to have technologies and highly qualified personnel and an ecosystem rather than a favorable tax legislation.

He stressed that in Armenia there are a lot of personnel in the technological and research sphere, there are the Central Bank and the government that are trusted by the population, as well as a strong and developed banking system.

In Armenia, all conditions have been created for the comfortable conduct of the blockchain business. Georgy Galoyan, head of Nooor Blockchain Armenia startup business, said this in an interview with LetKnow News.

“In connection with the velvet revolution that took place in 2018, Armenia became overnight one of the most promising countries for the development of any business, including blockchain,” he noted.

At the same time, the expert drew attention to the fact that the situation changed for the better only after the change of power.

“There is nothing better than a newly elected government, which puts the progress and development of the country, and not personal interests, as it happens in most CIS countries,” he added.

It is worth noting that part of the Ripple code was written in Armenia. In addition, Armenia leads in the number of women in the blockchain sphere. Also, one of the largest mining farms in the world was launched in Armenia.

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Japanese lawmakers will offer digital yen.

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Japan ruling party lawmakers to float idea of issuing digital currency.

TOKYO (Reuters) — A group of ruling party lawmakers are working on a proposal for Japan to issue its own digital currency, one of the members said, in a sign of alarm Tokyo is feeling about Facebook’s Libra and China’s drive to create a digital yuan.

The digital currency could be a joint initiative between the government and private companies that would put Japan in tune with global changes in financial technology, Norihiro Nakayama, parliamentary vice minister for foreign affairs, told Reuters.

The group, led by party heavyweight and former economy minister Akira Amari, plans to submit its proposal to the government as early as next month, Nakayama said.

While Japan is unlikely to issue digital currencies any time soon due to technical and legal hurdles, the move comes in the wake of a decision by the Bank of Japan to join six other central banks to share expertise on doing so in the future.

In a sign of increased attention on digital currencies in political circles, Prime Minister Shinzo Abe told parliament that the government will work with the BOJ in studying digital currencies and find ways to enhance the yen’s convenience as a settlement means.

Facebook’s push to launch its Libra cryptocurrency has prodded central banks to quicken the pace at which they look at issuing digital currencies.

Some Japanese lawmakers have voiced concern over Beijing’s move as an attempt to expand the yuan’s use as a settlement currency in emerging economies. Former BOJ board member Takahide Kiuchi, however, said China and Japan have different reasons to consider issuing digital currencies. For China, the motivation is to enhance the yuan’s clout in the global community; for Japan, it would be to change the country’s cash-loving culture, he said.

“The BOJ probably won’t want to do anything that would stifle private-sector innovation. The best way could be to issue a hybrid-type digital currency that is operated and issued by private firms, with the central bank’s involvement,” he said.

Members of the ruling Liberal Democratic Party of Japan plan to offer the country the issue of its own digital currency. According to Reuters, about 70 MPs from the party believe that the digital yen is necessary to counter the upcoming launches of Libra stable coin and China’s digital currency.

According to Norihiro Nakayama, Deputy Foreign Minister, the initiative to keep Japan at the forefront of innovative technology will be a joint project between the government and the private sector.

The first step in achieving this goal will be the study of the concept of Japanese state cryptocurrency. The ruling party is led by former Minister of Economy, Trade and Industry Akira Amari, who is reported to present a cryptocurrency plan for the government next month.

This initiative is contrary to the opinion of the country’s central bank. In July last year, an official representative of the Bank of Japan ruled out the use of cryptocurrencies of the central bank, because for this the country would need to abandon the use of cash. In addition, in December, the head of the Central Bank Haruhiko Kuroda (Haruhiko Kuroda) said that the country has no demand for state digital currency.

Nevertheless, the Central Bank of the country, apparently, continues to keep abreast. Earlier this week, the central banks of Canada, the United Kingdom, Japan, Sweden and Switzerland, the European Central Bank (ECB) and the Bank for International Settlements (BIS) created a task force to jointly research state digital currencies.

In addition, according to Reuters, Prime Minister Shinzo Abe (Shinzo Abe) said in parliament that the government will work with the Bank of Japan to study digital currencies and ways to improve the effectiveness of the yen as a means of settlement.

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Industries that blockchain can revolutionize: Healthcare, Education, Cybersecurity.

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Healthcare

Blockchain can save lives. It may be said loudly, but it really has that potential.

Firstly, the use of blockchain in medical supply chains can prevent the sale of fake drugs. All legal pharmaceutical companies and pharmacies can be registered on a common blockchain with access to their databases. Thanks to the transparency and immutability of the blockchain, fraud can be detected if the numbers do not match.

Blockchain can also save lives in hospitals. If you create a global blockchain with medical data for all patients that will be available to legitimate doctors, this will save lives in emergency cases. Moreover, based on the patient’s history, you can choose the perfect medicine for him.

In addition, health insurance companies can also prevent fraudulent claims.

Education

Online education and distance learning is already a reality, and blockchain can help take the next step.

Thanks to the blockchain, all the data on the education of each person, as well as his achievements and skills, can be made available to institutions and students. These records will be unchangeable, transparent and verifiable, which will allow institutions and organizations to select the right people and weed out impostors.

Moreover, it will help institutes and students in collaboration. In this way, blockchain can help wherever someone needs to be tested. It also promotes learning anywhere in the world.

Cybersecurity

The blockchain offers decentralized storage solutions, which means that it is not stored on any particular server. Although registry blocks are publicly available, advanced cryptography keeps sensitive data safe from hackers.

This concept allows you to protect the Internet of things, private messages, etc. from cyber threats.

As we could see Blockchain is capable of revolutionizing any industry that deals with transactions, data transfer and security. The above are the industries that he can revolutionize in the first place, thanks to such characteristics as immutability, cryptography and decentralization.

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Blockchain can revolutionize Banking and Real estate industries.

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You’ve probably heard aboutblockchain technology through cryptocurrency, but did you know that blockchain technology is expected to revolutionize industries like real estate and banking?

Blockchain is one of the most revolutionary technologies of the last few decades. And it is only getting started. Blockchain is one of the most disruptive technologies in recent times. It seems it is set to disrupt and revolutionize many industries in the next few years.

If the future is truly decentralized, then the blockchain will undoubtedly be at the heart of this future. In the end, the concept and ideas of decentralization were born thanks to the advent of the blockchain.

Banking

Banking (and financial services) is perhaps the priority when it comes to the use of blockchain in established industries. Such concepts as commissions, time spent, bureaucracy, fraud, etc. are traditionally associated with the banking industry. And the blockchain proposes to eliminate these stereotypes.

Fee for transfers, fees for international transactions, exchange rates and the time required for the money to appear on the account of the counterparty are just some of the obstacles that end users do not like. Cryptocurrencies such as Bitcoin are able to eliminate central control in such cases. Thanks to Bitcoin or any other currency of the “decentralized registry for payments”, you can transfer millions of dollars anywhere with a minimum commission and very quickly.

For example, Ashton Kutcher made an instant transaction of almost $ 4 million using Ripple on the air. Other significant parts of the banking industry, such as clearing and settlement, loans and borrowings, trade finance, etc.can also benefit from the use of blockchain.

Real estate

Real estate is probably the most noteworthy asset class that can revolutionize blockchain.

With the help of the blockchain, one can overcome the traditional obstacles in real estate, such as accessibility only for people with high incomes, lack of transparency, lack of liquidity, commissions of realtors and banks, speed of transactions, fraud, etc.

Blockchain is a decentralized and secure sequence of immutable records with timestamps. This means that if someone puts up for sale their proven property, then anyone can find out the details about the owner, that is, fraud is impossible.

Smart contracts eliminate intermediaries such as banks, lawyers, and realtors. And this means a reduction in costs of 3–5%. In addition, the use of blockchain is also accompanied by banking benefits, such as speed and unlimited transactions.

Another advantage of the blockchain for both parties is tokenization. A low-income buyer can own a share in real estate, which means that the seller will receive cash immediately, without waiting for someone to buy the whole property.

Blockchain technologies are poised to transform the real estate industry by drastically reducing fraud, reducing paper waste, minimizing mistakes, increasing transparency, aggregating information, allowing for better and more integrated records of title chain and creating eye-watering profits for the companies that can implement this blockchain metamorphosis.

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How brands in the fashion world can use blockchain technology.

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The fashion industry, like many other retail sectors, is currently considering the countless opportunities provided by blockchain technology to find sustainable solutions for its business. The first edition of the Circular Fashion Summit which took place in Paris, in which industry participants discussed how blockchain can bring the most benefit to the fashion industry.

But what exactly is blockchain technology, you ask? This is a decentralized distributed ledger in which transactions are stored sequentially. In short, it is a technical tool that allows companies to store and transmit information throughout their supply chain — from manufacturers to distributors, with complete transparency and security. In the retail sector, blockchain is often translated into a QR code, which is subsequently assigned to each item of clothing — a code that can track the complete history of the item of clothing.

Thus, each wool yarn could potentially be associated with the name of the alpaca sheep from which it originated.

“One of our guides to sustainable development is the strategy we developed under the name Crafting Tomorrow’s Luxury. Looking to the future until 2025, we set ambitious goals that we want to achieve — the biggest goal is to reduce our environmental profits and losses by 40 percent, ”said Kristin Gulay, senior manager for sustainable innovation at Kering Group. “Having the current programs and strategies that we have, we are confident that we can go 20 percent, but for the remaining 20 percent we really need innovative and technical solutions for this. We also have an ambitious goal — to ensure 100% traceability of our key raw materials to the farm level, ”she added, referring to the growing research and implementation of Kering’s high-end blockchain technology. For its part, Kering’s most significant competitor, the LVMH group, is also currently applying blockchain technology to nearly 60 of its brands and plans to add additional features, such as protecting intellectual property and preventing advertising fraud.

Thus, when it comes to the fashion industry, blockchain can help luxury brands promote and test the ethical manufacturing process from A to Z, while confirming the authenticity and sustainability of their products. In other words, blockchain technology can help ensure supply chain transparency, protect intellectual property, and improve data sharing.

It is likely that luxury conglomerates that have the means to invest in this tool will find it easier to incorporate blockchain into their business and study its effectiveness in the long run. Independent brands — or even fast-growing brands that still have a very complex and opaque, mostly unethical business practice — will be uphill. However, their transition is crucial for the revolution in the global fashion supply chain. Whether the blockchain will allow to lead this change and fulfill its promises is still unknown.

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