Nothing Ethereal About Ethereum | Financial Time
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The ethereum blockchain has grown in importance over the past year, with its support for the non-fungible token (NFT) craze and the creation of decentralized finance (DeFi) projects. So, could Ethereum be the future of the internet? Richard Waters asks.
It could become the platform of choice for what has become Web 3.0, where a series of decentralized applications could one day challenge Big Tech’s offerings. “60 to 70% of the industry runs on Ethereum. It’s very sticky, ”says Sandeep Nailwal, co-founder of Polygon, one of the many companies that operate on Ethereum.
As a result, the price of Ethereum’s currency, known as ether or eth, which is used to pay for the computing power needed to run the blockchain, has increased nine-fold. At around $ 350 billion, tokens in circulation on Ethereum are now worth over 40% as much as all the bitcoins involved, more than double the proportion of a year ago.
The investment world is still trying to figure out what role Ethereum will play, but there are many who are ready to facilitate trade. Joshua Oliver reports that Robinhood’s decision not to expand into Europe created an army of suitors on that continent, led by the Commercial Republic of Germany. Several of the applications integrate crypto. German robotics advisor Scalable Capital, which has expanded into equity and crypto trading, says crypto is no longer seen as “super creepy something” among young investors.
The Internet of (five) things
1. US regulator reviews security issues at Blue Origin
The United States Federal Aviation Administration has said it is looking into safety concerns raised by 21 current and former employees of the space exploration company owned by Jeff Bezos. Employees described a litany of what they claimed to be serious cultural flaws, including gender discrimination, overwork and the priority given to speed over safety.
2. Zoom and Five9 drop $ 14.7 billion deal
Zoom Video Communications’ offer to buy the cloud-based software provider collapsed just weeks after the US Department of Justice raised national security concerns over the deal and shareholders were invited to vote against the takeover by a powerful proxy group. Lex says it was a good decision to cancel the purchase of the loss-making company.
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3. Quantum leaps in the stock markets
The first publicly traded quantum computing company debuted on Wall Street on Friday, marking a milestone for a technology that until recently was considered to be many years of practical use. IonQ’s public listing, raising $ 635 million through a merger with a special purpose acquisition company or Spac, comes as larger amounts of capital have started flowing into quantum companies.
4. SoftBank’s Oyo Delivers Indian IPO
Oyo, the hotel platform backed by SoftBank, has filed for an IPO that it hopes to raise 84 billion rupees ($ 1.1 billion), the latest in a flurry of Indian start-ups loss-making trying to exploit the country’s scorching stock markets. Lex’s comments that the plans to list are unlikely to help rebuild the business.
5. Investor Lasry leaves the board of directors of Ozy Media
Billionaire investor Marc Lasry stepped down as president of Ozy Media after just three weeks in the post, exacerbating the crisis in the digital media company. Ozy was criticized after a New York Times article questioned his audience figures and revealed that one of its founders posed as a YouTube executive during a conference call with Goldman Sachs during a fundraising process.
Technical tools – Fairphone 4 5G
Amsterdam-based Fairphone has extended the lifespan of phones with its modular handsets and its latest durable smartphone adds 5G and new ruggedness. Engadget likes the Fairphone 4’s metal and glass casing, compared to the more fragile plastic predecessors. There’s 5G, a 6.3-inch Full HD + display, a 25 MP selfie camera, while the 48 MP main and Ultrawide cameras on the rear mean there is little compromise to go green. .
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