July 2022 - Page 2 of 2 - CryptoCurrencyWire

MondayJul 18, 2022 12:45 pm

Reddit Puts Blockchain-Based Collectible Avatars on Sale

Redditors will soon be able to purchase blockchain-based collectible avatars after Reddit revealed that it will provide the range of avatars through a special storefront in the near future. Last week, the social media and discussion network announced that it had launched the new storefront that would allow users to purchase limited-edition collectible avatars backed by blockchain technology. Thanks to its decentralized nature, blockchain technology is used in the cryptography market to enhance security and increase traceability, efficiency, speed and transparency. Even though the crypto market has seen significant losses in recent weeks, the hype around blockchain technology that underpins…

MondayJul 18, 2022 10:30 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leveraging Increase in Blockchain Interest and All-Time Highs in Lightning Network Capacity

LQwD is leveraging the Lightning Network through its 17 international nodes, with the goal of having 24 nodes by the end of the current quarter Active LQwD nodes include Canada, France, Japan, England, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West LQwD released its PaaS offering in November 2021, providing easy node and channel management on the Lightning Network and LSPs for merchants The blockchain market is expected to grow at a CAGR of 68.4%, resulting in a projected value of US $67.4 billion by 2026 Despite the volatility of the…

FridayJul 15, 2022 10:30 am

UK’s Asset Management Sector Lobbies for Blockchain Adoption

The cryptocurrency market may have hit hard times, but the blockchain technology that underpins the industry is still going strong. In Britain, the asset management industry has been lobbying for the government to adopt blockchain and develop a new class of funds that leverage the technology. Thanks to its decentralized nature, blockchain can benefit financial companies by enhancing security, increasing transparency, providing immediate traceability and automation, and increasing efficiency and speed. Last week, one of the largest trade bodies in the United Kingdom called on the government to work on approving blockchain-traded funds that will issue digital tokens rather than…

WednesdayJul 13, 2022 11:15 am

UAE Signs MoU to Have Government Employees Trained in Using Blockchain Technology

The United Arab Emirates (UAE) has partnered with a major blockchain intelligence company to train government employees on how to use blockchain technology and digital assets. A report from Emirates News Agency says the UAE has signed a memorandum of understanding (MOU) with New York-based firm Chainanysis to create virtual training programs for government institution employees. On top of training the employees in blockchain technology and digital assets, the virtual programs will help employees develop their skills and capabilities in the field, leverage global experiences and share success stories, the report said. Minister of State for Artificial Intelligence, Digital Economy,…

MondayJul 11, 2022 1:30 pm

Can Web3 Survive the Current Slump in Crypto Prices

Crypto prices have slumped to historic lows in the past couple of months, costing the crypto market trillions of dollars in value and raising questions about the industry’s future. More than 70 cryptocurrencies have lost 90% of their value since January 2022, while Bitcoin and Ethereum have dropped by more than 50%. As experts predict that Ethereum and Bitcoin could drop by as much as 85%, how will the newest version of the internet, dubbed Web3, fare? The internet has become increasingly centralized over the past decade as a select number of companies have gained a monopoly over internet services…

MondayJul 11, 2022 9:45 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Expands Lightning Network Reach with 17 International Nodes Routing Over 72 BTC and 36,000 Transactions

LQwD currently has Lightning Network nodes in several countries, including Canada, France, Italy, Indonesia, Japan, England, Bahrain, South Africa, South Korea, Sweden, Singapore, Brazil, Germany, India, Ireland, Hong Kong, and the United States Arcane Research reported that since its launch three years ago, the Lightning Network has grown to a capacity of almost 3,000 BTC with over 17,000 international nodes and 73,700 unique payment channels LQwD’s proprietary platform as a service offering also serves as a Liquidity Service Provider for merchants and incorporates an easy-to-use API The company hopes to expand to 24 international nodes by the end of the…

FridayJul 08, 2022 12:45 pm

JPMorgan Analyst Says Cryptos’ Slide Is Nearing End

Cryptocurrency traders have been counting major losses as crypto prices tumbled in recent weeks. For many investors who were hoping to earn a quick buck from the cryptocurrency market, the past few months have been a sobering moment. Bitcoin, the largest cryptocurrency on the globe, dropped from an all-time high of $69,000 in November 2021 to $19,165 by the end of June. Plenty of crypto investors have lost money due to the market slump, and the future looks grim at best. However, a JPMorgan analyst has predicted that there will be a light at the end of the tunnel. The…

WednesdayJul 06, 2022 1:30 pm

Female-Led Blockchain Company Raises $5M-Plus During Preseed Financing Round

R-Labs, a female-led blockchain-based fintech company, has announced that it managed to raise more than $5 million in a preseed funding round. The Austin, Texas-based financial technology company describes itself as a values-based company building a social impact ecosystem in Web3. R-Labs was cofounded by Geeta Sankappanavar and former Bumble VP of Marketing Chelsea Cain Maclin in early 2022. The startup is looking to leverage the blockchain technology behind the cryptocurrency industry to develop and market digital assets in the controversial metaverse. This preseeding round was led by a variety of major investors including Prodege, AGF and Softbank. Later this…

FridayJul 01, 2022 12:00 pm

Top Seven Facebook Groups Crypto Investors Need to Join

With more than 2.9 billion active monthly users, Facebook is undoubtedly the largest social media platform on the planet. An estimated 1.84 billion people log into the app every single day, and 63% of Americans aged 12 and over use the social media platform. This makes it perfect for any cryptocurrency enthusiast keen on keeping abreast with crypto news and updates in real time. Here are the top seven Facebook groups cryptocurrency investors need to join; Ethereum Facebook Group. Unsurprisingly, this group focuses exclusively on Ethereum. It is among the longest-running and largest crypto groups and provides useful information on…

FridayJul 01, 2022 11:15 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Plans to Reach 24 Countries by Q4 2022

LQwD currently has Lightning Network nodes in 17 countries with a goal of 24 by the end of Q4 2022 The current LQwD nodes have already processed over 10k transactions, and the number is climbing The global cryptocurrency market was valued at US $1.49 billion in 2020. The market is projected to reach US $4.94 billion by 2030, growing at a CAGR of 12.8% LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) continues to move forward with its endeavors on the Bitcoin Lightning Network. The company currently has active nodes spanning 17 countries, including the U.S., Ireland, India, Germany, Brazil, Hong Kong,…