What’s Brewing In Crypto News (This Week: Disney Pinnacle Redefines Collecting with Digital Pins)
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To make sure you can stay up to date as well, we’re delivering key news stories for you to digest with your morning coffee. It’s the exhilarating world of crypto, one byte at a time.
Let’s see what’s brewing.
Disney Pinnacle Redefines Collecting with Disney, Pixar and Star Wars Digital Pins
November 16, 2023.
In an astute and perhaps improbable collaboration with Dapper Labs, Disney unveils ‘Disney Pinnacle‘, a platform breathing new life into the world of digital collectibles. This innovation represents another clever maneuver in Disney’s blockchain journey, artfully sidestepping the conventional ‘NFT’ label to hark back to the days of baseball cards and character figurines.
Disney Pinnacle brings to life a unique concept: iconic characters from Disney, Pixar, and Star Wars, reimagined as digital pins. These aren’t just collectibles; they’re digital keepsakes, forging a community of collectors across the globe. Each pin represents a story, a character, a memory – translated into a format that resonates with today’s digitally-savvy audience.
Hosted on the Flow blockchain, Disney Pinnacle extends beyond a mere digital platform. It’s a subtle shift in how we perceive and engage with collectibles. Disney’s decision to distance from the term ‘NFT’ showcases their strategic approach to appeal to a broader, perhaps more traditional, audience.
As Disney Pinnacle prepares for its imminent launch, it demonstrates Disney’s solid understanding of its audience’s evolving tastes. Nobody does nostalgia quite like Disney. By reinvigorating collectibles for a new generation, where pin trading is adapted for the digital era, we actually celebrate the past. Those timeless characters aren’t going anywhere; they’re just being immortalized in novel ways.
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For Rural Agriculture, HARA’s Blockchain App Yields Results
November 9, 2023.
Blockchain’s burgeoning role in agriculture may have been ticking away quietly, but a new Bloomberg interview with HARA Founder and CEO, Regi Wahyu, has shed light on its transformative potential with his revolutionary farming app, and not just within his native Indonesia – this sophisticated tech solution is globally-scalable.
HARA’s ecosystem, which incentivizes data sharing with its native HARA token, has been a game-changer. Farmers use mobile devices to input diverse data, from crop details to environmental conditions, enabling AI algorithms to generate actionable insights. This approach not only boosts crop yields and soil health but also enhances market trend predictability, crucial for small-scale farmers who need to compete in the global food sector, projected to be worth $7.221 trillion in 2023.
The platform is celebrated for simplifying loan processes, establishing direct market connections, and increasing user’s income by around 30%.
The purpose of the app’s native HARA token is to keep commercial agreements above-board, power the data exchange, and reward users – more than 35,000 of them – for collecting and sharing their data for collective benefit.
The ripple effect of HARA’s innovation extends beyond crops and coins. It simplifies loan logistics, and forges direct links between the tillers and the titans of trade.
With the planet on a ticking clock to increase agricultural output by nearly half to satiate the appetites of nearly 9 billion people by 2035, HARA’s model is an important step in the right direction.
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All Grown Up: 15 Years of Bitcoin’s Whitepaper
November 2, 2023.
Bang on 15 years ago, on Halloween, no less, a pseudonymous tech genius known as Satoshi Nakamoto released the most consequential whitepaper in modern times. In a world reeling from the global financial crisis of 2008, Nakamoto’s game-changing document was a digital rumble that would soon become a financial earthquake.
The whitepaper, entitled “Bitcoin: A Peer-to-Peer Electronic Cash System,” promised to transform our very concept of money.
In nine pages, it detailed the concept of Bitcoin as digital gold, and introduced blockchain as a novel technology that relied on a network of computers to validate and record transactions, increasing security and making malicious meddling practically impossible.
Fifteen years on, Bitcoin isn’t just surviving; having single-handedly created more than 40,000 millionaires and half a dozen billionaires, it’s thriving! This unwanted houseguest of the deeply traditional financial markets became its best-performing asset of the past decade.
2023 has been particularly kind to Bitcoin, with an 83% increase that’s left other investments like tech stocks and oil in its digital dust. October was a standout, with a 27% surge to $35,000 – the coin’s grandest performance in 17 months and a rally to remember.
Far from occupying the edges of the financial markets, Bitcoin’s investor sentiment is front and center: BlackRock, the world’s largest asset manager, applied for Bitcoin ETFs – basically, Bitcoin on the stock market.
From Nakamoto’s groundbreaking whitepaper to Wall Street’s latest darling, Bitcoin’s 15-year journey is a financial fairytale for the modern age.
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Swiss Hospitality Giant is Fusing Food with Crypto in Green Bitcoin Mining Move
October 26, 2023.
In a delightful blend of tradition and modernity, Gabbani, a hospitality giant in Lugano, Switzerland, has unveiled an ambitious endeavor to channel surplus energy from its food production operations into Bitcoin mining. This innovative venture not only amplifies Lugano’s escalating stature as a blockchain hub in Europe, but heralds a new era of sustainable cryptocurrency mining practices.
Central to this initiative is a state-of-the-art Bitcoin mining system, meticulously engineered to harness the excess energy generated during the creation of Gabbani’s new sweet bread, “the Banettone.” This artisanal culinary creation is made in their sustainable production center.
This is more than a dip into digital currency, though. It’s a cornerstone of “Plan ₿,” a far-sighted collaboration between the City of Lugano and Tether, designed to accelerate the adoption of Bitcoin technology, revolutionizing the city’s financial landscape in the process.
The vision extends to fostering a vibrant ecosystem where Bitcoin, Tether, and LVGA cryptocurrencies become an integral part of daily financial transactions for the Luganese, integrating crypto into the very fabric of local commerce.
The recent augmentation of Gabbani’s food facility with a 100 kW solar panel system is a bold stride towards energy self-sufficiency. This is more than a nod to sustainability. It’s a robust step towards a future where blockchain technology is an everyday reality, with Lugano leading this inspiring journey into a sustainable digital future.
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Ferrari Hits The Road With Crypto: A Green Light for American Automakers?
October 19, 2023.
It’s time to start your crypto engines! Italian luxury carmaker Ferrari is welcoming cryptocurrency payments for its luxury cars in the U.S. It’s a change that cashed-up customers, many minted in crypto, have been nudging for.
To combat typical crypto variability, Ferrari has teamed up with BitPay. This savvy move ensures that, as customers pay with Bitcoin (BTC), Ethereum (ETH), or stablecoin USD Coin (USDC), the payment is immediately converted to traditional fiat currency, keeping the deal smooth for both the buyer and seller.
As Ferrari shifts gears and embraces cryptocurrency, it hints at a broader acceptance in the automotive alley. Ferrari isn’t simply making a bold statement to its competitors; it’s opening a door for them. This move might just rev up sales and set a trend that could see other automakers following suit, potentially signaling to classic American automakers, like General Motors and Ford, that it’s time to ride the crypto wave.
Ferrari’s pragmatic drift could very well be the green light for other industry players to accelerate into the crypto fast lane, normalize the trend, and support customers with the currency they want to use.
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