September 2022 - CryptoCurrencyWire

FridaySep 30, 2022 12:00 pm

Dubai Police Announces 24-Hour Timeline to Recover Lost Passports Using Blockchain Tech

Blockchain technology may have been popularized by the cryptocurrency craze, but it is now being used in a variety of alternative applications. Features such as elevated security and data traceability that made cryptocurrencies such a hit have made blockchain equally popular and resulted in plenty of innovative uses. For example, authorities in Dubai are leveraging blockchain technology to speed up passport recovery efforts. Losing your passport can be a hassle, especially if it happens in a foreign country, and it can take anywhere from eight business days to eight weeks to have the passport replaced. In the United Arab Emirates…

WednesdaySep 28, 2022 12:59 pm

Bitcoin Events Sets the Stage for an Unparalleled Experience at Crypto Fest 2022

The stage is set for Bitcoin Events’ 4th edition of Crypto Fest taking place this Friday on September 30, 2022, at the beautiful Grand Africa Café and Beach in Cape Town, South Africa. The theme of this year’s edition is ‘Don’t Look Up, which is based on the satirical movie, ‘Don’t Look Up’. The suggestion is to look up and take note of the changes happening in the crypto-DeFi-NFT-Web3.0 space. Says Sonya Kuhnel, Co-founder and Director of Bitcoin Events, and organiser of this year’s festival: “Change is inevitable, and the world is – slowly but surely – realising the impact…

WednesdaySep 28, 2022 9:00 am

New Messaging App to Leverage Blockchain to Enhance User Data Privacy

In a world where companies make billions from collecting and selling user data, blockchain is providing a way for people to keep their communications private. Humanity is now more connected than it has ever been before. With the touch of a button, you can interact with anyone around the world instantaneously. But how secure are those communications? There have been increasing data-privacy issues in recent years even as messaging apps such as WhatsApp and Telegram have adopted security features, including peer-to-peer and encrypted communication. For instance, Facebook, which owns Messenger, WhatsApp, Instagram and many more, is said to have collected…

MondaySep 26, 2022 12:45 pm

Crypto Fest 2022 Gears Up for Networking and Entertainment for the Crypto-Defi-NFT-Web3 Community

The 4th edition of the Crypto Fest 2022 is being held on September 30, 2022, as a hybrid event in Cape Town, South Africa, and via live stream. Enthusiasts, businesses, and traders all over the world looking forward to the event can participate virtually. The Crypto Fest, in collaboration with the SA Innovation Summit, the largest startup event in Africa, is a part of the Week of Innovation taking place in Cape Town over 3 days, the 27-29 September 2022. The abode of heritage sites, beautiful beaches, and a plethora of scenic places and natural reserves, South Africa is the perfect…

MondaySep 26, 2022 9:00 am

Harris Poll Survey Finds Nearly 8 in 10 Crypto Investors Convinced of Becoming Billionaires

A recent poll revealed that most cryptocurrency investors are optimistic about their crypto holdings. Despite the recent crypto winter that saw the crypto market lose a whopping $2 trillion, 8 out of 10 crypto investors are confident that their holdings will make them rich. When nearly 2,000 Americans were asked about their thoughts on billionaires, 71% of the investors said that they believed they already had the tools they needed to become billionaires. In comparison, only 44% of all the groups combined believed they had the tools to make billions of dollars in the future. An estimated 60% of the…

FridaySep 23, 2022 1:30 pm

South Korea’s Biggest Credit Card Issuer Unveils Blockchain System to Identify Counterfeit Goods

A 2019 report from the European Union Intellectual Property Office and the Organization for Economic Cooperation and Development (OECD) revealed that trade in pirated and counterfeit goods accounts for 3.3% of global trade. Based on data from customs seizures in 2016, the total value of counterfeit goods worldwide is $509 billion, up from $461 billion in 2013. Fake goods, especially medical supplies, food, toys, car parts, electrical goods and cosmetic brands, present significant health and safety risks to the public. In addition, they generate billions of dollars in profit for the organized crime syndicates behind counterfeit trade. A major credit…

WednesdaySep 21, 2022 1:30 pm

SWIFT Explores Blockchain Tech to Boost Interbank Communication

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a global system that allows banks to make cross-border transactions and payments worldwide. Founded in 1973 and headquartered in Belgium, SWIFT serves as the main messaging network for the initiation of international payments. Like several corporations and governments, SWIFT is now considering incorporating blockchain into its network. The global payment system first looked at blockchain five years ago, announcing in January 2017 that it was launching a Proof of Concept (PoC) to determine whether banks could use blockchain technology to enhance the real-time reconciliation of their Nostro databases and optimize their…

MondaySep 19, 2022 1:30 pm

Fidelity, Citadel, and Charles Schwab Team Up to Form Crypto Exchange

Despite significant challenges, the cryptocurrency market seems to be gaining more acceptance each day. Corporations and governments across the world are adopting blockchain into their systems to take advantage of the enhanced security offered by the decentralized technology. Furthermore, companies are investing billions of dollars into cryptocurrency firms in anticipation of a future where crypto plays a significant role in the economy. In a move that is sure to send shock waves through the industry, financial giants Fidelity Digital, Citadel Securities and Charles Schwab have jumped into the crypto market in a major way. The trio announced in a recent…

MondaySep 19, 2022 9:45 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Taps Global Adoption of Bitcoin to Open Payment Opportunities Worldwide Through Use of Lightening Network

Recent Lightning Network statistics show over 17,000 active nodes with more than 87,000 payment channels facilitating a capacity of over 4,500 BTC worldwide LQwD is currently leveraging the Lightning Network with nodes active in the United States, Ireland, India, Germany, Brazil, Hong Kong, Singapore, Sweden, South Korea, South Africa, Bahrain, Indonesia, Italy, Australia, Japan-Osaka, England, Japan, France, and Canada LQwD anticipates increasing node coverage to 24 countries by the end of the current quarter The Lightning Network is a Layer 2 protocol designed to help scale Bitcoin's base layer. It comprises nodes consisting of payment channels that help facilitate affordable,…

FridaySep 16, 2022 12:00 pm

Top-Seven Countries with Strict Crypto Laws

Cryptocurrencies took the world by storm when they were first launched more than a decade ago. By the end of 2015, there were more than 10 million Bitcoin wallets worldwide, highlighting the popularity and explosive growth of the crypto market. Crypto promised to offer faster, more secure, and private transactions via the decentralized blockchain technology it is built on. However, countries have taken to the disruptive technology differently, with some allowing their residents to hold and trade cryptocurrencies while others have passed extremely restrictive crypto laws. The following are the top countries around the world with strict cryptocurrency laws. Russia…