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Famous NY-Based Art Auction House Records A $318 Million Sale On A Blockchain

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There has been a new milestone in the blockchain adoption, this time set by the successful recording of a record-breaking art sale on a blockchain. It all began on November 13th when the Barney A. Ebsworth Collection recorded a sale at the famous Christie’s auction house in New York and raised a total of $317,801,250 – and went viral in today’s crypto news.

The sale quickly became the most valuable art auction to be ever recorded on a blockchain. In an official press release about it, Christie’s revealed that the auction was handled in partnership with the art-focused technology provider Artory by using its permissioned blockchain to host the auction information.

During the night, at least thirteen auction records were set, with the Chop Suey piece by Edward hopper fetching an amazing $91,875,000. Including participants from 23 countries bidding for an art collection curated by the famous collector Barney A. Ebsworth, the auction had the work of artists such as Jackson Pollock, William de Kooning, Charles Demuth and Georgia O’Keeffee.

In total, 42 art pieces were auctioned off with Artory’s private Ethereum blockchain implementation that recorded all of the details of the sale. This Thursday, a new batch of 49 pieces from the Barney A. Ebsworth collection are set to go on auction again, described as ‘the most important privately-held collection of the 20th Century American Art’.

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Blockchain News

Bitcoin Copyright Registrations Don’t Recognize Wright As The BTC Creator

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Bitcoin copyright registrations filed by Craig Wright don’t really consider him as Satoshi Nakamoto as the reports that we have in our altcoin news today show us. The copyright claims for the bitcoin whitepaper and the code for the number one cryptocurrencies filed with the United States Copyright Office didn’t get the satisfaction for Wright as he hoped for. Initially, Wright filed the bitcoin copyright registrations under the pseudonym, Satoshi Nakamoto. What is interesting is that the US officials got some confirmation that Wright was really Satoshi Nakamoto but the crypto community didn’t agree. A spokesperson for the self-proclaimed bitcoin creator stated that ‘’the registrations issued by the US Copyright Office recognize Wright as the author under the pseudonym Satoshi Nakamoto- of both the white paper and the code.’’ However, the claim has no impact in reality since the Copyright office when receiving an application for registration, does not go into the origins and truths of the statement made in the application. The Office even stated:
 “In a case in which a work is registered under a pseudonym, the Copyright Office does not investigate whether there is a provable connection between the claimant and the pseudonymous author.”
Also, as mentioned in the latest cryptocurrency news, by registering the source code for bitcoin does not mean that you protect the intellectual property for the largest cryptocurrency as an invention. The Copyright office can also cancel the registration application if it finds that the gathered information is a false claim. The office can also deny the application if it finds out that the person who claims to be an author of a piece of work is not the real identity of who they claim to be. Over the past few weeks, a scandal around Bitcoin Satoshi Vision (BSV) which is the altcoin backed by Wright himself, got the creator in the eye of the international community when the crypto exchanges around the world started delisting his coin when he went after everyone who said that he is not the real Satoshi Nakamoto. Wright went after the crypto user Hodlonaut after he called him a fraud and he stated that he is not the real creator of bitcoin. Wright sued the crypto user and this is when the entire crypto community showed their solidarity with Hodlonaut.
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Crypto Startup Circle Fires 10% Of Its Staff Due To Harsh Regulatory Climate

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Crypto startup Circle, the Goldman Sachs-backed startup blamed shed 10 percent of its staff and according to the CEO, the reason is the harsh regulatory climate. Following the latest cryptocurrency news, the company confirmed that 30 people were laid off. CEO Jeremy Allaire confirmed on social media that the decision comes because of the difficulties with the regulatory climate in the United States. Allaire stated:
 “Today we made organizational changes at Circle and eliminated approximately 30 positions, which is about 10% of our employees. We made these changes in response to new market conditions, most importantly, an increasingly restrictive regulatory climate in the United States.”
As it was previously reported in the altcoin news, Allaire outlined the slow progress on the unification of the patchwork regulatory landscape but he said he was very hopeful that improvements will follow in the future. He commented while he attempted to explain why the crypto startup Circle cut off the access to multiple trading pairs on Poloniex which is a crypto exchange that was acquired by the company in 2018. Allaire also underscored Circle’s health as a company in general by saying:
“Circle remains strong and healthy, and we will continue to drive new product innovation and growth globally, working with jurisdictions that offer forward-looking policies regulating digital asset businesses, while we press for more balanced crypto policy in the U.S.’’
Also, the crypto news outlet The Block reported that Circle even lowered its March fundraising goal which was $250 million by 40 percent but the sources remained unknown. Circle is simply another company in the industry business to get a shed of its workforce fired over the past two years. The climate was extremely challenging due to the harsh crypto winter. For example, the Bitcoin mining giant Bitmain and the crypto startup ConsenSys had also reduced the number of the staff because of the bad climate. Huobi was one of the companies which also cut down on its workforce during the crypto winter. Since then, the markets rebounded and bitcoin increased and is slowly approaching $8,000. The rest of the crypto market also reported moderate gains and their prices are slowly increasing and strengthening.
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YouTuber PewDiePie Helps Blockchain Platform Grow Its User Base By 67%

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The most famous YouTuber in the world, PewDiePie, is apparently of big help to its new partner. The YouTuber PewDiePie has partnered with the blockchain-based live streaming service DLive a month ago - and it seems like the service has grown by 67% in its user base since the partnership. DLive and the YouTube star PewDiePie made a deal in April 2019, where he agreed to promote the blockchain-based streaming service. Since then, DLive has grown its user base to more than 5 million active users and more than 70,000 streamers, according to official reports in the latest cryptocurrency news published by Nikkei Asian Review. The 29-year-old Swedish content creator and YouTuber PewDiePie (real name Felix Kjellberg), then signed an "exclusive" live streaming deal with DLive. With over 95 million subscribers and millions of views on all videos at press time, his YouTube channel was seen as a lucrative opportunity for a partnership by the blockchain streaming service. For those of you who haven't been following our coming altcoin news, DLive is a decentralized platform that was built using the Lino Network blockchain which rewards content creators as well as viewers that use its native token, "Lino points." Without any percentage taken on earnings, the platform does not charge fees to content creators which is how the YouTuber PewDiePie promoted it and managed to attract a lot of users. The co-founder of Lino Network, Wilson Wei, sat down with Nikkei Asian Review and told them about the current situation regarding the platform, stating:
“I think the lack of transparency and the huge cut that platforms take from content creators, are the two biggest problems the online streaming industry has. And blockchain is the perfect technology to solve both problems.”
However, this is not the final goal for DLive. The company and the YouTuber PewDiePie are planning to grow beyond its rival which is the Amazon-owned live streaming video platform Twitch - known for taking a 50% cut from streamers and having more than 2.2 million daily broadcasters and 15+ million daily viewers on average. Lino managed to raise $20 million in February 2018 to build the "YouTube on the blockchain" as they defined it, a topic that was re-shared by many best cryptocurrency news sites. The money apparently helped them contact and sign a deal with the YouTube streamer PewDiePie.  
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Initial Exchange Offerings (IEOs) Supported By Bitfinex: Report

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Initial exchange offerings are now supported by Bitfinex which is under ongoing investigation by the State of New York. The crypto exchange is going into the current bullish market trends by supporting its second new offerings recently as we are reading in the coming altcoin news. Tokinex is an ‘’initial exchange offering’’ platform that the company announced earlier this day. Bitfinex stated that the product has passed hundreds of tests and will offer ‘’carefully curated, pre-vetted’’ tokens from the best crypto projects. The concept of the initial exchange offering came out after the ICO boom in 2017 when Binance got extremely popular and created the Binance Coin. The coin was created as a fundraiser and a utility token for the users of the platform. Later, the IEO tokens encouraged the users to earn tokens by wash-trading. In returns, that increased the volume of the exchange but showed no meaningful trading activity. Bitfinex stated that the platform is now adapting to the new changing market:
 “What it means to be an exchange has evolved to become an entire ecosystem, not just limited to the remit of trading digital assets. We are proud to finally launch Tokinex and bring the opportunity for participation in quality token sales in a fair environment.”
Tokinex will have its token sale on June 13th. Only users who will qualify will be able to participate in the token sale. The Tokenzied projects that use Tokinex will pay a fee if they hit a higher fundraising goal. Initial Exchange offerings and security token offerings represent the watchdogs of the next altcoin wave. Users will send Bitcoin or Litecoin in an exchange with a predetermined amount of coins from the brand new blockchain. The majority of the projects as reported in the best cryptocurrency news sites, that have funded via ICO failed and eventually lost their value for their investors. Tokinex is now entering a very competitive space with the most popular competitor being Binance Launchpad. Most of the exchanges have some kind of a platform that helps the new tokenized projects to lift off the ground. Launching a token via an exchange platform has a lot of benefits such as better liquidity and a higher degree of trust. Tokinex is represented as the ‘’trusted home of token sales’’ and goes live soon.
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