August 2022 - Page 2 of 2 - CryptoCurrencyWire

MondayAug 15, 2022 9:00 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Continues Pursuing Scalability of Bitcoin Micropayments Using the Lightning Network Amidst Oppositional ECB Paper Publication

The FED and ECB have taken different sides on the scalability of the Lightning Network as a viable solution to solving the world's payment problems LQwD currently has 19 active nodes on the Lightning Network – each with a capacity that continues to grow, with the goal of creating access to 24 countries worldwide by the end of the current quarter LQwD’s active nodes include US-West, Ireland, India, Germany, Brazil, Hong Kong, Singapore, Sweden, South Korea, South Africa, Bahrain, Indonesia, Italy, Australia, Japan-Osaka, France, Canada, England, and Japan The cryptocurrency market is expected to reach US $2.2 billion by 2026,…

FridayAug 12, 2022 12:00 pm

How Blockchain Tech Helping Marketing to Evolve

Blockchain technology first hit the mainstream in 2009 when Satomi Nakamoto published a white paper discussing a new digital token called Bitcoin. More than a decade later, cryptocurrencies and the blockchain technology they run on have grown into a major global industry even though Bitcoin is currently undergoing an unprecedented winter that has wiped out some $2 trillion in value. Banking on blockchain’s decentralized nature, companies have found several ways they can leverage blockchain to improve their marketing efforts and make those efforts more efficient. In fact, blockchain technology know-how has become one of the most in-demand skill sets in…

WednesdayAug 10, 2022 12:00 pm

Indian IT College Holds First Blockchain-Backed Elections

Blockchain technology isn’t going anywhere anytime soon. Even though the crypto market is currently experiencing a crypto winter that has caused most cryptos to lose more than 50% of their value, organizations are still keen on leveraging blockchain. Thanks to its decentralized nature, blockchain reduces points of weakness, improves data reconciliation, and enhances security, speed, and privacy. Students from an IT college in India recently made history after they held the world’s first blockchain-based elections, showing just how effective blockchain can be in a wide variety of applications. The Center of Innovation IIT-Madras’s Webops and Blockchain Club recently developed software…

MondayAug 08, 2022 12:00 pm

Report Reveals $2.7B Injected into Minting NFTs in Six Months

NFTs first hit the mainstream in May 2014 when a digital artist Kevin McCoy minted a nonfungible token called Quantum on the Namecoin blockchain. Last year proved to be a great year for NFTs, thanks to an explosive surge in popularity that led to an increase in NFT supply as well as demand. Now market research from blockchain data company Nansen has revealed that for the first half of 2022, cryptocurrency users spent 963,227 Ether ($2.7 billion) minting NFTs on Ethereum’s blockchain. The research showed that the minting happened from 1.088 million wallet addresses hosted on Ethereum’s blockchain, with most…

FridayAug 05, 2022 11:15 am

Blockchain Technology Could Go Mainstream Via Adult Entertainment Industry

Blockchain technology was revolutionary when it was first introduced in 2008 as part of a new digital currency called Bitcoin. Over the past decade, blockchain has provided systems with increased technology, speed and efficiency due to its decentralized nature. Even as cryptocurrency prices have hit historic lows in the past couple of months, several industries are keen on adopting blockchain into their systems. The adult industry, which is known for being among the first sectors to adopt new technologies, could benefit a great deal from blockchain’s decentralized nature. Estimated to be worth billions of dollars, the adult industry could leverage…

ThursdayAug 04, 2022 3:45 pm

Untraceable Events Launches UNNY, The Real Life Engagement Token, to Enhance Attendee Experience at Blockchain Futurist Conference 2022.

The Untraceable team is revolutionizing gamification and how attendees interact with events to create long lasting experiences. Blockchain Futurist Conference, Canada’s largest blockchain and crypto event, returns to Rebel Entertainment Complex in Toronto from August 9-10, 2022. Presented by Untraceable Events, this year’s conference will feature the launch of UNNY, the Real Life Engagement Token. UNNY looks to disrupt the event landscape by tokenizing gamification, driving attendees to participate in specific actions and enhancing the overall event experience. Untraceable Events has prioritized the attendee experience, and has brought innovative gamification features to all their events. At this year’s Futurist Conference,…

WednesdayAug 03, 2022 2:15 pm

How the Recent Interest Rate Hike May Affect Cryptocurrencies

After weeks of intense speculation, the U.S. Federal Reserve has increased benchmark interest rates by 0.75% as inflation levels have soared. A statement from the Fed states that high inflation levels, increasing energy and food prices and the Russia-Ukraine war have caused upward pressure on inflation and impacted global economic activity. The most recent interest rate increase, which is the fourth consecutive such hike this year, will most likely increase volatility within the cryptocurrency market. The Fed seems hell-bent on forestalling inflation and has taken an increasingly hawkish stance to ensure inflation remains at 2% over the long term. The…

WednesdayAug 03, 2022 1:30 pm

Untraceable Events Announces Launch of ‘UNNY’ Token For Its Event Gamification at Blockchain Futurist Conference 2022

The upcoming Blockchain Futurist Conference, organized by Untraceable Events, is designed as a huge gamification experience. Untraceable Events has announced the launch of its token UNNY, which attendees can receive simply by participating in activities throughout the conference. In this system, gamification points are allotted to attendees when they complete tasks and find codes throughout the two days. These points are then converted to UNNY which can be used to redeem prizes at the conference. The more points an attendee accumulates, the higher they are ranked in the Futurist Conference Leaderboard in the event app. The conference will be running from August…

WednesdayAug 03, 2022 12:45 pm

Wild West Crypto Show Shines the Spotlight on RAILGUN, a Smart Contract System

Conservative alt-coin podcast hosts Drew Taylor and Brent Bates recently welcomed guests and the audience to another episode of their wildly popular Wild West Crypto Show. Special guests to the program included CryptoCurrencyWire’s Jonathan Keim with the three hottest stories in cryptocurrencies, as well as Alan Scott, head of growth at RAILGUN. Scott describes RAILGUN as a smart contract system built for privately transacting crypto on public ledger blockchains. “You can take and transact stable tokens privately… I think if we want crypto to be the future of finance, it has to have some semblance of modern, traditional rails. So,…

MondayAug 01, 2022 12:45 pm

Three Generations of Blockchain Tech Evolution

Most experts will say that there have been three generations of the web: Web 1.0, Web 2.0 and Web 3.1. The first iteration of the internet is also referred to as the read-only web, the second is the participative social web and the third version of the internet is the “read, write, execute web.” These three generations have been spread out over the past three decades or so since the internet was invented. Just as there has been three generations of the web, blockchain technology has also evolved through three different eras, albeit over a much shorter timeline. But while…