June 2022 - CryptoCurrencyWire

ThursdayJun 30, 2022 12:00 pm

The Blockchain Futurist Conference, Together With ETHToronto, Bring Blockchain Technology and Cryptocurrency to Real Life

The most crypto enabled conference in the world returns to Toronto, Canada Blockchain Futurist Conference, Canada’s largest crypto and blockchain event, combined with ETHToronto, the official Hackathon of the Blockchain Futurist Conference, is coming back to Toronto this August 8-10, 2022 for its fourth year. With only a short time until this flagship event, along with the announcement about the newly added keynote speaker Vitalik Buterin, inventor of Ethereum, the excitement among the blockchain and cryptocurrency community is rapidly growing. Here’s how the conference will be crypto and blockchain enabled for 2022 so far: The conference has introduced a multitude of…

WednesdayJun 29, 2022 12:45 pm

Blockchain Technology Could Help Luxury Brands Save Billions

While cryptocurrencies are currently being battered on the market, the tech upon which they are based is finding new uses in the luxury brand segment. Players in this space have turned to blockchain as a way to fight back against counterfeiting, which costs different luxury brands billions in lost revenue as well as legal costs. The losses suffered by luxury brands are astronomical. For example, in 2017 alone, these brands reported a total of $98 billion in lost sales. The cost of counterfeits isn’t just restricted to the monetary aspect — even the reputation of the brand suffers when a customer…

TuesdayJun 28, 2022 12:45 pm

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leveraging Lightning Network to Spread Bitcoin Awareness Through Worldwide Channel Access

The Lightning Network capacity is US $82,800,210 LQwD’s longest running node is US-West, with a capacity of 5.74404405 BTC/ 574,404,405 sat/ US $117,517.28, a channel count of 107, and a node count of 106 LQwD has a total of 17 active nodes worldwide on the Lightning Network The global cryptocurrency market was valued at US $1.49 billion and is expected to reach US $4.94 billion by 2030 Five years ago, on May 10, 2017, Christian Decker of Blockstream made the first non-test transaction on the Lightning Network. The transaction, conducted in Litecoin, was settled within one second. Today, the Lightning…

MondayJun 27, 2022 3:00 am

Wire Network Unveils Crypto Interoperability Wallet

Wire Network has unveiled a protocol called Universal Polymorphic Address protocol (UPAP) designed to allow its users to own a digital wallet that is readable regardless of the specific blockchain on which a user’s NFTs or cryptocurrencies are built. The protocol achieves this by giving each user a universal address that can be accessed from any blockchain system as long as one has the authentication credentials. The UPAP protocol can also facilitate gaming, has improved usability and enhanced security from cyberattacks, and can be scaled quickly to suit any decentralized apps or crypto trading operations. Wire Network CEO Ken DiCross…

FridayJun 24, 2022 1:30 pm

How Higher Education Institutions Can Benefit from Blockchain Technology

While many universities and colleges are involved in research about blockchain technology, not many of them have put their feet in the water and actually used the technology. This is unfortunate, because blockchain technology can play an immense role in improving several aspects of higher education institutions, included the following: Improving Record Keeping Many colleges and universities currently use antiquated record-keeping systems that have been in use for decades. Those systems can no longer cope with the current realities in higher education. For example, students can now take a variety of course units offered by different schools or even campuses.…

WednesdayJun 22, 2022 2:15 am

Three Ways DeFi, Cryptocurrencies Improve the World

While cryptocurrencies and the technologies around them such as blockchain tech are still niche technologies, we are seeing an increasing array of different applications through which the world is being made a better place. We highlight some of those below. Funding oppressed people and dissidents Gary Kasparov, the chess legend who has now taken to advocating for human rights, says that cryptocurrencies can be a major tool through which people opposed to regimes that are anti-people can marshal the resources they need to resist the oppressors. Kasparov says by using cryptocurrencies, people can move funds around without any interference from…

FridayJun 17, 2022 11:15 am

Blockchain Technology Could Help Accelerate Climate Action

Runaway climate change over the past decades has drawn the attention of the world, and global leaders have been scrambling to come up with measures to halt or even reverse some of the effects accelerating global warming. Grand promises have been made, but action is woefully inadequate as we head to the 2050 deadline to net-zero. However, blockchain technology can be leveraged to unlock the carbon market and scale the use of carbon credits in the fight against climate change. Currently, registries such as Gold Standard and Verra issue carbon credits to organizations and entities that can’t avoid generating greenhouse…

FridayJun 17, 2022 10:30 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Sees Growth from Lightning Network Nodes; Company Executive Publishes Guest Post About Using Bitcoin to Increase Trust on the Internet

Since the summer of 2021, the number of users with access to the Lightning Network has increased from approximately 100,000 to over 80 million LQwD's current channel count on the Lightning Network is 17 and connects countries worldwide LQwD currently has active nodes spanning the US, Japan, England, Canada, France, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, and Ireland Company executive Stephen Thompson wrote an article for Bitcoin Magazine expressing that Bitcoin (as a network) could be the additional layer of trust needed with the internet infrastructure today Over the last 30 days,…

WednesdayJun 15, 2022 12:00 pm

Crypto-Based Evidence Could Help Pin War Crimes in Ukraine on Russia

In what could be a first, crypto-based evidence may be used to prove in court that Russia engaged in acts that can be described as war crimes. Starling Lab, a research facility linked to Stanford University, is spearheading the collection and verification of evidence to support this effort. That evidence has been found on the internet. For example, there is a photo that was uploaded by someone on Telegram. The photo showed a school building in the Ukrainian city of Kharkiv with a blast hole in one wall, and the user claimed that a missile fired by Russia was responsible…

TuesdayJun 14, 2022 12:00 pm

Speculation of Bear Market Reinforced by Crypto Declines and Cutbacks

Bitcoin reached an all-time low of $22,725 since December 2020 Other cryptos are feeling the strain, many of which are facing value declines of more than 30% in just a week Many crypto-focused companies have begun issuing hiring freezes and layoffs as a result of the low-valued prices Crypto exchange Gemini is laying off at least 10% of its employees, citing a turbulent market and “crypto winter” Speculation of a bear market has become a reality. Bitcoin just reached an all-time low (since December 2020), with a value of $23,981. Other cryptocurrencies are feeling the effects of this bear market…