Month: June 2024
Linux Foundation Announces Intent to Form LF Decentralized Trust
This week the Linux Foundation announced a new organization for decentralized systems and technologies, with an aim of “fostering innovation and collaboration” in both their development and deployment.
It will build on existing Linux Foundation blockchain and digital identity projects, according to the announcement, while supporting “a rapidly growing decentralized technology landscape.”
To foster this broader ecosystem, LF Decentralized Trust will encompass the growing portfolio of Hyperledger projects and host new open source software, communities, standards, and specifications that are critical to the macro shift toward decentralized systems of distributed trust….
LF Decentralized Trust’s expanded project and member ecosystem will be both essential to emerging tokenized assets classes and networks, as well as to modernizing the core infrastructure for finance, trade, government, healthcare, and more. LF Decentralized Trust will serve as a neutral home for the open development of a broad range of ledger, identity, security, interoperability, scale, implementation, and related technologies… LF Decentralized Trust will also include new directed funding models that will drive strategic investments by members into individual projects and project resources.
“With LF Decentralized Trust, we’re expanding our commitment to open source innovation by embracing a wider array of decentralized technologies,” said Jim Zemlin, Executive Director of the Linux Foundation. “This new, elevated foundation will enable the community to build a more robust ecosystem that drives forward transparency, security, and efficiency in global infrastructure.”
“After eight years of advancing the development of blockchain, decentralized identity and related technologies via the Hyperledger community, the time has come to broaden our effort and impact,” said Daniela Barbosa, General Manager, Blockchain and Identity, the Linux Foundation. “Ledgers and ledger technologies are but one component of the decentralized systems that will underpin a digital-first global economy. LF Decentralized Trust is where we will gather and grow an expanded community and portfolio of technologies to deliver the transparency, reliability, security and efficiency needed to successfully upgrade critical systems around the world.”
The announcement includes quotes of support from numerous companies including Oracle, Siemens, Visa, Accenture, Citi, and Hitachi. Some highlights:
“The formation of the LF Decentralized Trust reflects the growing demand for open source resources that are critical to the management and functionality of decentralized systems.” — CEO of Digital Asset
“The adoption of decentralized infrastructure is at an inflection point, reflecting the increasing demand from both enterprises and consumers for more secure and transparent digital transactions. As the industry leader for onchain data, blockchain abstraction, and interoperability, we’re excited to see the formation of the LF Decentralized Trust and to expand our collaboration with leading financial institutions on advancing tokenized assets and the onchain economy at large.” — CMO at Chainlink Labs.
“As a founding member of the Hyperledger Foundation, and given our unique position in the financial markets, we recognize the vast potential for open-source innovation and decentralized technologies when it comes to reducing risk, increasing resiliency and improving security. The expansion of Hyperledger Foundation into LF Decentralized Trust represents an exciting opportunity to continue expanding these groundbreaking technologies.” — a managing director at DTCC
Read more of this story at Slashdot.
This week the Linux Foundation announced a new organization for decentralized systems and technologies, with an aim of “fostering innovation and collaboration” in both their development and deployment.
It will build on existing Linux Foundation blockchain and digital identity projects, according to the announcement, while supporting “a rapidly growing decentralized technology landscape.”
To foster this broader ecosystem, LF Decentralized Trust will encompass the growing portfolio of Hyperledger projects and host new open source software, communities, standards, and specifications that are critical to the macro shift toward decentralized systems of distributed trust….
LF Decentralized Trust’s expanded project and member ecosystem will be both essential to emerging tokenized assets classes and networks, as well as to modernizing the core infrastructure for finance, trade, government, healthcare, and more. LF Decentralized Trust will serve as a neutral home for the open development of a broad range of ledger, identity, security, interoperability, scale, implementation, and related technologies… LF Decentralized Trust will also include new directed funding models that will drive strategic investments by members into individual projects and project resources.
“With LF Decentralized Trust, we’re expanding our commitment to open source innovation by embracing a wider array of decentralized technologies,” said Jim Zemlin, Executive Director of the Linux Foundation. “This new, elevated foundation will enable the community to build a more robust ecosystem that drives forward transparency, security, and efficiency in global infrastructure.”
“After eight years of advancing the development of blockchain, decentralized identity and related technologies via the Hyperledger community, the time has come to broaden our effort and impact,” said Daniela Barbosa, General Manager, Blockchain and Identity, the Linux Foundation. “Ledgers and ledger technologies are but one component of the decentralized systems that will underpin a digital-first global economy. LF Decentralized Trust is where we will gather and grow an expanded community and portfolio of technologies to deliver the transparency, reliability, security and efficiency needed to successfully upgrade critical systems around the world.”
The announcement includes quotes of support from numerous companies including Oracle, Siemens, Visa, Accenture, Citi, and Hitachi. Some highlights:
“The formation of the LF Decentralized Trust reflects the growing demand for open source resources that are critical to the management and functionality of decentralized systems.” — CEO of Digital Asset
“The adoption of decentralized infrastructure is at an inflection point, reflecting the increasing demand from both enterprises and consumers for more secure and transparent digital transactions. As the industry leader for onchain data, blockchain abstraction, and interoperability, we’re excited to see the formation of the LF Decentralized Trust and to expand our collaboration with leading financial institutions on advancing tokenized assets and the onchain economy at large.” — CMO at Chainlink Labs.
“As a founding member of the Hyperledger Foundation, and given our unique position in the financial markets, we recognize the vast potential for open-source innovation and decentralized technologies when it comes to reducing risk, increasing resiliency and improving security. The expansion of Hyperledger Foundation into LF Decentralized Trust represents an exciting opportunity to continue expanding these groundbreaking technologies.” — a managing director at DTCC
Read more of this story at Slashdot.
The next pair of affordable OnePlus wireless earbuds may have leaked
The OnePlus Nord Buds 3r have been certified in Canada, and that means we should be seeing them very soon.
All the indications are that OnePlus is planning to launch an affordable pair of wireless earbuds in the near future, and a new leak suggests that these buds are indeed on the way, under the Nord series branding.
As per 91mobiles, earbuds called the OnePlus Nord Buds 3r have made their way through the regulatory process in Canada – a strong hint that they’re going to be made official very soon, and not just in Canada but everywhere wireless earbuds are sold.
The filing doesn’t really tell us much about these earbuds, other than to suggest they’re nearly here. We do get battery capacities: 58mAh per bud (up from 36mAh on the Nord Buds 2r) and 440mAh for the case (down from 480mAh on the Nord Buds 2r).
We haven’t heard too much about these earbuds as far as leaks and rumors are concerned, but we have seen unofficial renders of the slightly more expensive OnePlus Nord Buds 3 – and the Nord Buds 3r are likely to adopt the same aesthetic.
Choose your buds
The OnePlus Nord Buds 2r (Image credit: OnePlus)
The OnePlus wireless earbuds series is a little difficult to wrap your head around – not least because different variations of these buds are available in different parts of the world, so the choice varies on where you live.
You can get the flagship OnePlus Buds Pro 2 pair just about anywhere, and the newest earbuds from the company are the OnePlus Buds 3: they launched in January 2024 with the OnePlus 12, and we’re still waiting for a Pro version of those to appear.
Then we have the more affordable series, currently headed by the OnePlus Nord Buds 2 and the OnePlus Nord Buds 2r. The latter are the cheapest, and lose some features like active noise cancelling – and it’s these the OnePlus Nord Buds 3r will replace.
You can get both the Nord Buds 2 and the Nord Buds 2r in many parts of the world, including Australia. In the UK, only the Nord Buds 2 are available. In the US, neither pair of Nord earbuds are available.
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The owner of Redbox has filed for Chapter 11 bankruptcy
Chicken Soup for the Soul Entertainment, which acquired the movie rental service Redbox in 2022, has filed for Chapter 11 bankruptcy protection, Deadline reports. The company recently disclosed net losses of $636.6 million for 2023 in a SEC filing, and Deadline reported just a few days ago that it had suspended medical benefits and missed payroll, leaving employees without their paychecks for a week already. In a message to employees on Saturday, Chicken Soup for the Soul Entertainment said it had applied for a debtor-in-possession loan in an attempt to remedy the situation.
“Upon court approval, we expect payroll to be funded early in the week and funding for this upcoming week’s payroll to also be secured,” the message said, per Deadline. “We also expect to have the funds to reinstate medical benefits back to May 14, 2024 and going forward.” The $375 million deal to acquire Redbox brought with it a ton of debt, and according to The Verge, Chicken Soup for the Soul Entertainment owes money to a slew of retailers, studios, and streaming platforms — including Walmart, Universal and Sony — as well as other creditors.
Its total debts come to about $970 million. Chicken Soup for the Soul Entertainment also owns the streaming service Crackle and a few other film and TV brands, in addition to selling the long-running self-help books it’s best known for.This article originally appeared on Engadget at https://www.engadget.com/the-owner-of-redbox-has-filed-for-chapter-11-bankruptcy-172124081.html?src=rss
Chicken Soup for the Soul Entertainment, which acquired the movie rental service Redbox in 2022, has filed for Chapter 11 bankruptcy protection, Deadline reports. The company recently disclosed net losses of $636.6 million for 2023 in a SEC filing, and Deadline reported just a few days ago that it had suspended medical benefits and missed payroll, leaving employees without their paychecks for a week already. In a message to employees on Saturday, Chicken Soup for the Soul Entertainment said it had applied for a debtor-in-possession loan in an attempt to remedy the situation.
“Upon court approval, we expect payroll to be funded early in the week and funding for this upcoming week’s payroll to also be secured,” the message said, per Deadline. “We also expect to have the funds to reinstate medical benefits back to May 14, 2024 and going forward.” The $375 million deal to acquire Redbox brought with it a ton of debt, and according to The Verge, Chicken Soup for the Soul Entertainment owes money to a slew of retailers, studios, and streaming platforms — including Walmart, Universal and Sony — as well as other creditors.
Its total debts come to about $970 million. Chicken Soup for the Soul Entertainment also owns the streaming service Crackle and a few other film and TV brands, in addition to selling the long-running self-help books it’s best known for.
This article originally appeared on Engadget at https://www.engadget.com/the-owner-of-redbox-has-filed-for-chapter-11-bankruptcy-172124081.html?src=rss
Can Layer 2 Meme Coin PEPU Make 100x Your Investment?
While other meme coins take a breath, this new PEPE alternative shows no signs of slowing down, evident in its… Continue reading Can Layer 2 Meme Coin PEPU Make 100x Your Investment?
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While other meme coins take a breath, this new PEPE alternative shows no signs of slowing down, evident in its ongoing presale that has already raised $1.4 million in just under two weeks.
The new, improved, and unchained version of Pepe (PEPU) poses a more significant challenge to the dominance of the old Pepe (PEPE) than any other coin.
With its presale already surpassing the million-dollar mark, could Pepe Unchained become the next PEPE or outperform other established meme coins?
Pepe Unchained (PEPU) sees strong presale with $1.4 million raised
Pepe Unchained (PEPU) joins the Pepe meme coin family as a promising contender poised to outshine its peers.
It introduces its own Layer 2 blockchain on top of Ethereum’s network, granting it a competitive edge in security and leveraging Ethereum’s robust infrastructure while ensuring exceptional scalability and minimal transaction fees.
$PEPU focuses on providing its community with a secure, swift, and cost-effective token for meme coin transactions. Its enhanced scalability and cost-efficiency symbolize its “unchained” status from Ethereum’s L1 blockchain constraints.
During its presale, $PEPU has swiftly raised over $1.4 million within two weeks. Currently priced at $0.0081613, the token’s value is set to increase incrementally during the presale, with the next rise scheduled in just less than 24 hours.
🚀 $1,000,000 raised! 🚀
The ultimate chain is broken. From here on, we’re taking it to the next level. Get ready for the ultimate Layer 2 this summer. 🐸⛓️🧠 pic.twitter.com/tS2JSi8rHq
— Pepe Unchained (@pepe_unchained) June 27, 2024
Tokens can be purchased using ETH, USDT, or debit/credit cards, with prices slated to rise periodically to encourage early investment. Beyond impressive presale figures, $PEPU has seen a surge in social media engagement, with its X and Telegram channels gaining numerous new followers.
Looking ahead, $PEPU plans to implement a staking protocol promising substantial passive income, currently estimated at an annual yield of 1,399%, although this rate will adjust as more tokens are staked. This unique blend of layer-2 technology and staking opportunities has garnered attention across the market.
Combining meme appeal with technological innovation, $PEPU appears well-received. Rumors of a decentralized exchange (DEX) launch post-presale further fuel anticipation within the community, although specific details remain undisclosed.
With early community interest and ongoing presale momentum, $PEPU stands poised to potentially become one of the standout meme coins of the year. You can explore our guide here for more information on the top altcoins.
Could $PEPU be the next big thing?
Pepe Unchained is actively pursuing to be the next big meme coin, drawing inspiration from last year’s breakout star, Pepe (PEPE), which stormed into the crypto market, achieving a $1.4 billion market cap within days and delivering over 4,000% gains to early investors.
Pepe Unchained clearly channels this energy through its branding. However, what sets it apart is its focus on more than just meme appeal. Unlike its predecessor, Pepe Unchained doesn’t rely solely on “meme power.” Its layer-2 solution and staking protocol provide tangible utility, something the original PEPE lacked.
This added substance could establish Pepe Unchained as a long-term player. While matching PEPE’s astronomical market cap is ambitious, Pepe Unchained’s emphasis on addressing real-world issues may lead to more sustainable growth. Nevertheless, the meme coin market remains highly unpredictable.
Pepe Unchained has made a promising start, but its ability to replicate PEPE’s success remains uncertain. Nonetheless, it’s an exciting period for $PEPU holders. The project blends the lighthearted nature of meme coins with innovative blockchain features, laying groundwork for broader crypto adoption.
Jacob Crypto Bury, a prominent crypto influencer, sees $PEPU as the next 10x crypto. Meanwhile, other experts and influencers believe $PEPU is poised to outperform even the most successful meme coins, potentially achieving gains of up to 100x.
To take part in the $PEPU token presale, visit pepeunchained.com.
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