updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131While the Bitcoin architecture is largely a proof of work system to build a new version of electronic payment system, its timestamping server is helping unlock a new use case in Central American country Guatemala’s presidential election.
Also Read: XRP Lawyer John Deaton Representing Ex-Ethereum Advisor On ETH Gate?
A surprising use case was found thanks to the technology behind Bitcoin during the 2023 Guatemalan general election. The country’s president elect Bernardo Arévalo faced allegations of election misconduct and the opposing candidate demanded that there be a recounting of votes. That’s when Simple Proof’s web tool stepped in to show that the voting was actually timestamped when the voting closed on the day of election. This had reportedly helped verify the authenticity of voting with their respective timings.
On August 29, 2023, Arevalo was confirmed as the winner of the election by the country’s authorities, only to be challenged legally about the unexpected victory over a powerful candidate. According to a report by The Associated Press, the president elect faced a slew of legal challenges and allegations of irregularities since he defeated a candidate favored by the country’s conservative elite.
In the “Bitcoin: A Peer-to-Peer Electronic Cash System” whitepaper by Satoshi Nakamoto, timestamping is used effectively to generate a hash based proof of work, one that is impossible to tamper with unless the entire chain’s proof of work is redone. The timestamp server is used to prevent double spending and maintain the integrity of the network.
This development in the region comes at a time when another Central American country, El Salvador, continues to empower the Bitcoin ecosystem. The country had adopted BTC as legal tender in September 2021, becoming the first in the world to adopt a cryptocurrency officially.
Also Read: Is Terra Co-Founder Do Kwon Coming To US? SEC Files Motion In Court
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
American spaceflight company Virgin Galactic has announced preparation for a highly anticipated milestone as it prepares to launch its first spaceflight in nearly two years.
This crucial flight serves as the Virgin Galactic Holdings‘ (NYSE: SPCE) final test before the company begins flying commercial passengers, marking a significant step forward in the realization of its space tourism vision.
The mission called ‘Unity 25’ represents the company’s fifth space voyage and is expected to launch from Spaceport America in New Mexico. According to reports, six Virgin Galactic staffers will be traveling on this mission for a brief voyage to the edge of space.
Notably, VSS Unity will be piloted by Virgin Galactic’s Mike Masucci and CJ Sturckow, while carrier aircraft VMS Eve will be flown by Jameel Janjua and Nicola Pecile. Notably, the firm has 600 bookings for tickets for upcoming flights, priced between $200,000 and $250,000 each.
Unlike its previous mission, which carried founder Sir Richard Branson, in July 2021, Virgin Galactic said it will not publicly broadcast the flight. Instead, the corporation intends to provide updates on Unity 25′s progress via social media platforms.
According to the details provided, the carrier aircraft VMS Eve is scheduled to take off at 10 a.m. ET. This significant flight will see the aircraft carrying Virgin Galactic’s VSS Unity spacecraft to an altitude of around 40,000 feet, before releasing the rocket-powered vehicle to continue its journey.
Once released from the carrier aircraft, the VSS Unity will ignite its engine, propelling itself further into the heavens. The aim of this flight is to surpass an altitude of 80 kilometers, which is the internationally recognized boundary of space in the United States.
At this altitude, passengers on board the VSS Unity will experience the incredible sensation of weightlessness and gaze upon the Earth from the awe-inspiring perspective of space. Depending on the results and data from Unity 25, the company hopes to fly its first commercial flight in “late June”.
By reaching the boundary of space, Virgin Galactic aims to push the boundaries of what is possible and inspire generations to come. This flight represents the culmination of years of meticulous planning, engineering advancements, and rigorous testing.
Virgin Galactic’s attempt to break through this barrier is both a show of its technological capabilities and a step toward its eventual aim of making space travel available to the general population. The lessons learned from these flights will be used to enhance and improve systems and processes, assuring the safety and comfort of future passengers.
The success of Virgin Galactic goes beyond tourism. The data and knowledge that will be gained during this flight will help to progress scientific research and technology. It will provide essential insights into the impacts of microgravity, spacecraft behavior, and prospective uses in a variety of sectors.
Furthermore, Virgin Galactic’s determination and dedication will serve as a key challenge to other firms including SpaceX and Blue Origin that are working towards similar goals.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
It is not clear how long the hiring freeze will last as the company is expanding its factories, which means it needs to bring in more employees.
Elon Musk‘s EV maker Tesla Inc (NASDAQ: TSLA) is reportedly planning to conduct a round of layoffs as soon as next quarter. According to those familiar with the matter, the reason behind such a step is Musk’s “very bad feeling about the economy.” The company will also put on hold its hiring process across its locations worldwide.
Notably, Tesla just resumed the recruitment process after suspending it back in June. At that time, Musk said that a 10% cut of its workforce would be required. Besides, in the emails sent to employees, Musk announced the ending of the remote work option. In other words, those who didn’t want to return to the office should leave the company. In addition, in June, Tesla announced shutting down its office in San Mateo, which cost 200 of the EV maker’s staff to lose their jobs.
Elon Musk himself explained that the problem in Tesla’s performance is a general one and relates to the stock market that results from rising bank account interest rates and general market volatility rather than any specific challenge facing Tesla.
It is not clear how long the hiring freeze will last as the company is expanding its factories, which means it needs to bring in more employees. Recently, Tesla received the green light from the Grünheide municipality for its plan to expand the Gigafactory site near Berlin by 100 hectares. There were also reports about the planned water supply and the workforce at the German Tesla factory. Besides, Tesla is also reportedly expanding its business in Turkey. mNotably, this market has been asking for Tesla services for years now.
Following the announcement about layoffs, Tesla stock closed the trading session 0.17% down, at $137.57 per share. After hours, it added 0.58% to $138.37. The market cap of Tesla totals $435.14 billion. Year-to-date, Tesla stock is as much as 60.95% down.
The EV giant is now having a tough time. Firstly, its revenue for the third quarter missed estimates, reporting a revenue of $21.45 billion vs the $21.96 billion projected by analysts polled by Refinitiv. As a result of missing the target, Tesla stock declined. Secondly, its CEO Elon Musk keeps selling his Tesla shares, which also undermines the company’s performance. In November, following his takeover of Twitter, Musk sold 19.5 million Tesla shares worth $3.95 billion. Last week, he sold another 20 million shares of the company with the accrued funds coming in at over $3.5 billion. Before offloading the shares, Elon Musk owned roughly 25% of Tesla in stock and options. Currently, the billionaire is still Tesla’s largest individual shareholder, with 423.6 million shares that give him a 13.4% ownership position in the company.
Further, after closing the Twitter deal, critics say that Elon Musk got distracted from Tesla’s business, which also led to the company’s downturn.
Darya is a crypto enthusiast who strongly believes in the future of blockchain. Being a hospitality professional, she is interested in finding the ways blockchain can change different industries and bring our life to a different level.
Australia announced a stocktake of its cryptocurrency holdings to help better understand and regulate the booming $1 trillion sector.
What Happened: The Treasury would undertake “token mapping,” or cataloging of the types and uses of digital currency owned within the country, Treasurer Jim Chalmers said in a statement, Reuters reported.
Chalmers said Prime Minister Anthony Albanese-led government would make “token mapping” a priority this year to help identify which digital asset tokens are being used in the country and how they should be regulated, adding that a public consultation paper on the matter would be released soon.
He added that Australia would be the first country in the world to conduct such an exercise.
“With the increasingly widespread proliferation of crypto assets, to the extent that crypto advertisements can be seen plastered all over big sporting events, we need to make sure customers engaging with crypto are adequately informed and protected,” Chalmers said.
This came after the Australian Securities and Investments Commission said that it wants cryptocurrencies such as Bitcoin BTC/USD, Ethereum ETH/USD, and Dogecoin DOGE/USD to be regulated — citing its research that found 44% of retail investors held at least one cryptocurrency in late 2021.
Check out more of Benzinga’s Europe and Asia coverage by following this link.
Dogecoin developers are working to use the Starlink satellite network, operated by Elon Musk’s SpaceX firm, to conduct $DOGE transactions using offline using radio technology.
According to a blog post from the Dogecoin Foundation, developers Michi Lumin and Timothy Stebbing are working on “RadioDoge,” which would enable DOGE transactions to be processed without the use of an internet connection.
While the team admitted there’s a lot of work to be done before such transactions are viable, it noted RadioDoge would use “cheap and reliable Radio technology (HF/LoRaWAN) combined with the global Starlink satellite network.” Its goal would be to provide “wide-scale access to Dogecoin for people outside the reach of the traditional internet infrastructure.”
According to Michi Lumin, Principal Engineer at the Dogecoin Foundation, the team has been working on setting up a “Regional Hub” for RadioDoge to provide a testing ground for the new technology.
Both developers expect the first transaction formed on Libdogecoin, a programming library for creating DOGE projects, to be transmitted over 150 miles from Colorado to the Regional Hub. The Hub will then submit the transactions to Dogecoin’s testnet via the Starlink satellite network.
The team believes the new technology could stimulate Dogecoin’s adoption in emerging economies, helping the cryptocurrency become the “defeacto means for exchanging goods and services globally.”
Tesla and SpaceX CEO Elon Musk is notably an avid Dogecoin proponent, who has hinted his space exploration company could start accepting payments in the meme-inspired cryptocurrency. Tesla has started accepting DOGE payments on its website, allowing specific products such as its “cyberwhistle,” its “Giga Texas” belt buckle” and its “cyberquad” four-wheeler for kids to be bought with it. These items are all priced in DOGE, ranging from 12,020 coins for the four-wheeler to 300 DOGE for the cyberwhistle.
On Tesla’s Dogecoin support page, the firm notes that customers who send the wrong amount of DOGE to its address may see their orders get canceled, and adds that if an order is overpaid in the cryptocurrency the “overpayment amount will not be refunded to the original form of payment.”
Notably, Musk and Billy Markus have earlier this year pushed McDonald’s to accept DOGE as a payment method, but the fast-food giant ultimately did not move forward with such an integration.
DISCLAIMER
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
IMAGE CREDIT
Featured image via Unsplash
✓ Share: