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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Bahamas Central Bank to issue its own digital currency by the end of 2020.

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Bahamas Central Bank Chairman John Roll announces digital testing of the Bahamian dollar, which is scheduled to launch in the second half of 2020.

The Chairman of the Bank represents the Project Sand Dollar Chamber of Commerce and the Bahamas Employers Confederation. As Roll explained, Project Sand Dollar is an electronic payment system for organizations and individual users that will act in accordance with local financial laws.

In December, a pilot project was already launched on Exuma Island, and later cryptocurrency will be tested in the Abako region, where it was originally planned to launch the project. According to the report, about 2,000 people wanted to participate in the testing of the project by the Central Bank of the Bahamas.

Roll added that the digital Bahamian dollar will not be different from the fiat currency of the Bahamas (BSD) and will only be its digital version. Cryptocurrency will be used only within the state, but after successful testing, it can be tied to any other foreign currency.

The Chairman also emphasized that the Central Bank of the Bahamas is actively working on the technological infrastructure of the project, as well as on issues related to regulation and cybersecurity.

“Despite the fact that many central banks have different points of view on the issue of their own cryptocurrencies, the Bahamas will be one of the first countries to issue their digital dollar,” he said.

Recall that the Bahamas began testing its digital dollar in December, and in May the Bahamas Securities Commission reviewed a bill governing digital assets.

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Nasdaq tests bitcoin asset trading.

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Nasdaq is negotiating with industry representatives and an unnamed partner regarding the advisability of creating such an instrument. Back in November 2017, the Wall Street Journal wrote that Nasdaq was developing a bitcoin-based futures product in conjunction with the US financial company Cantor Fitzgerald.

There are two factors that can influence the final Nasdaq decision, Friedman said. First, the exchange wants to provide the market with a product that will be different from existing ones. In addition, she seeks to make sure that she can cope with all the risks inherent in cryptocurrency trading.

“The first thing to understand when creating a new product is whether people will use it and will use it differently than they do now. Secondly, for this we must pass independent certification as a futures exchange. We would use our NFX license, but must make sure that we are fully prepared from the perspective of risk management. These are the two main issues that we continue to work on,” Friedman explained.

In response to a question from the interlocutor about whether Nasdaq can launch exchange products for other cryptocurrencies, Friedman noted that two exchange index bonds are currently being traded on Nasdaq Nordic, one of which is linked to Ethereum and the other to bitcoin. However, in determining the future direction, Nasdaq primarily focuses on “the role of digital currencies and cryptocurrencies in the global economy”.

“The question is whether they will ripen to the stage when they will really be used in the exchange of goods,” she added.

Meanwhile, Nasdaq has added a new cryptocurrency index. Nasdaq also launches an index supporting decentralized finance. The exchange will also create a cryptocurrency service for institutions.

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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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Blockchain becomes more prevalent in sports.

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Can an industry like sports take advantage of the blockchain technology? The answer is ‘Yes.’

Blockchain has received friction in the world of sports in recent months. Earlier in January, news developed that the National Basketball Association’s Sacramento Kings will shift off a live auction for gear with a blockchain-based app. The platform purportedly validates auction items, mending problems that have long bothered gearhungry fans.

Last year, the Italian luxury sports car brand Lamborghinistarted utilizing Salesforce Blockchain to track, certify and authenticate heritage Lamborghini cars quicker and more securely employing its blockchain platform.

Malta-based sports blockchain venture Chiliz announced that it is launching a cryptocurrency exchange for sports and entertainment tokens.

Lancashire sales director John Nuttal explained that online ticketing has become increasingly popular in recent years, so it’s time to introduce the latest technology that can protect customers from fraudsters selling fake tickets.

In August 2018, the Union of European Football Associations (UEFA) first sold tickets for the match between the Spanish teams of Real and Atlético through a mobile blockchain application, and last month announced a partnership with AlphaWallet to tokenize tickets for the 2020 European Football Championship.

According to a Feb. 17 announcement, UEFA will distribute over one million soccer match tickets via a blockchain-enabled mobile application. The organization claims that this new ticketing system will make “entry into the stadium smooth, safe and secure.” The new blockchain-based mobile ticketing solution is meant to prevent the duplication and replication of tickets by “QR codes only being activated by Bluetooth once fans are in close proximity to the stadium.” The app will be available for download toward the end of May for both Android and iOS devices.

Tickets will be delivered no later than seven days before the match and “UEFA expects to deliver over one million mobile tickets to fans across all 51 matches.” UEFA decided to adopt this system in an attempt to facilitate ticket distribution to what is expected to be the most in-demand UEFA cup ever.

In the future, the blockchain opportunities for the sporting world look promising though it is yet to reach its full potential. Those who want to stay ahead of the game in the sporting world should embrace the innovative opportunities blockchain has to offer.

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Iranian Crypto Mining Law. Iranian government issues cryptocurrency mining licenses.

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Iranian Crypto Mining Law

Iran’s cryptocurrency mining industry has been regulated since last year. The Iranian government officially recognized cryptocurrency mining as an industry in August after months of deliberation, Aljazeera reported on Aug. 4, 2019. Crypto miners must be licensed by the Ministry of Industry, Mine and Trade before beginning their operations.

However, Amir Hossein Saeedi Naeini told Ibena that discussions are underway to set more favorable terms for crypto miners. Meanwhile, Iranian President Hassan Rouhani has been discussing creating a unified cryptocurrency for Muslim countries with leaders of other Muslim nations.

Amir Hossein Saidi Naeyni, representative of the ICT Guild Organization, spoke about the state of the country’s cryptocurrency industry. In an interview with Ibena, he said that cryptocurrency mining is a new industry that attracts many in Iran. He noted that miners should obtain a license for work and said:

“The Ministry of Industry has issued over 1,000 cryptocurrency mining licenses in the country. Our research shows that the cryptocurrency mining industry can bring the economy $ 8.5 billion. ”

Amir Naeyni believes that the cryptocurrency industry can help Iran’s economy. However, he explained that the high cost of electricity is a serious problem for cryptocurrency miners. Although “a number of large companies” were created, an ICT Guild Organization representative noted:

“High electricity tariffs plus strict regulation has made the sector less attractive to small investors.”

He expressed the opinion that “the working conditions in this industry should not be such that only large companies enter the cryptocurrency mining market, and all miners should be able to work.” He emphasized that changing electricity tariffs could stimulate the mining industry to generate more revenue.

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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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