October 2022 - CryptoCurrencyWire

MondayOct 31, 2022 12:45 pm

Austin-Based NGO is Using Crypto and Blockchain Tech to Help Vulnerable Kids

The problem of children living in unhealthy or dangerous situations is almost as old as humanity, and many organizations have stepped up to help. One such organization is Upbring, based in Austin, Texas. This nonprofit is tapping innovative ways to help kids in need, and the novel technologies of cryptocurrencies and blockchain tech are offering exciting opportunities for this organization. Serving at least 11,000 kids throughout Texas, Upbring is focused on providing foster care, resettlement and education for the children it helps. The organization has 75 locations spread throughout Texa, and carries out its mission through those locations. The company’s…

FridayOct 28, 2022 10:30 am

New Study Finds Global Shortage of Blockchain Technology Developers

A recent study undertaken by Financial Express has found that while the blockchain technology industry is growing rapidly, there is a significant shortage of developers that have the requisite skills to power this industry forward. According to the report, the annual growth rate of the blockchain industry is at an astounding 45% each year. At the current availability levels of developers, the future may see an immense talent shortage if the industry sustains its current level of growth. This study looked exclusively at India. India is miles ahead of other countries in Asia in terms of adopting blockchain as well…

WednesdayOct 26, 2022 11:15 am

Spain Leapfrogs El Salvador into Third Place as Top Crypto ATM Nation

Spain has pushed El Salvador into fourth position and taken the third position as the country with the biggest number of cryptocurrency ATMs. At the moment, Spain has 215 ATMs while El Salvador has 212 ATMs as of the latest count. Globally, Spain now commands a 0.6% share of all the capacity of installed crypto ATMs, but it is the top nation in Europe with 14.6% of all the crypto ATMs installed on the continent. Switzerland comes in second with 144 ATMs, Poland is third in Europe with 142 ATMs while Romania takes fourth place with a tally of 135…

MondayOct 24, 2022 12:45 pm

Samsung to Leverage Blockchain Tech to Boost User-Device Security

In a recent announcement, technology giant Samsung revealed that it was turning to blockchain tech in its bid to develop an additional security layer to its smart devices and consumer electronics. The new blockchain network, dubbed Knox Matrix, is designed to operate as an independent network whose sole purpose is to give millions of Samsung device users the added security and protection that they need. The company revealed that the blockchain network would be operational on all Samsung devices regardless of the operating system running those gadgets. This means that devices having Tizen, Android or other operating systems would all…

FridayOct 21, 2022 11:15 am

Binance Announces $500m in Loans to Cryptocurrency Miners

Binance, the top crypto exchange in the world on the basis of the volumes traded daily, has announced that it is going to make half a billion dollars available as loans to firms engaged in cryptocurrency mining. This lending program is intended to support blockchain infrastructure providers as well as Bitcoin mining entities at this time when the industry has been subjected to immense headwinds resulting in the massive loss of market value. Binance Pool said in a statement that they had an obligation to play a positive role in maintaining a blockchain and crypto ecosystem that was healthy. This…

WednesdayOct 19, 2022 12:45 pm

Mastercard Zeroes in On Five Factors to Facilitate Use of Cryptos as Payments

MasterCard recognizes the potential of cryptocurrencies and has set its sights on playing a role in making these digital currencies forms of payment that people can use on a daily basis. To this end, the company is focusing its attention on five aspects that can make it possible for cryptos to become mainstream forms of payment. Raj Dhamodharan, executive VP at MasterCard responsible for digital assets, blockchain products as well as digital partnerships at the company, says that the infrastructure of the financial system could be transformed by digital assets such as cryptocurrencies and digital currencies issued by central banks…

WednesdayOct 19, 2022 9:45 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Enhancing Blockchain Micropayment Transactions on Lightning Network

LQwD is leveraging the Lightning Network to facilitate worldwide micropayments of BTC with faster transaction times and lower fees The company’s PaaS also acts as a Liquidity Service Provider for merchants, enabling users of the platform to do more with the proprietary tools created and backed by the company’s BTC assets The global blockchain market was valued at US $4.67 billion in 2021 and is expected to grow from US $7.18 billion in 2022 to US $163.83 billion in 2029 Technological advances have made it possible for industry advances that were often underestimated. For example, the Voice-Over-Internet-Protocol (“VOIP”) movement was…

MondayOct 17, 2022 12:45 pm

Despite Cyptos’ Slump, Blockchain Technology Still Attracting Institutional Interest

For a long time, pundits have posited that cryptocurrencies and blockchain technology will truly take off once institutional investment into the industry starts pouring in. In 2021, institutional investors picked interest in decentralized finance (defi), the metaverse, and NFTs (non-fungible tokens). However, the slump in the prices of cryptos witnessed in 2022 put the brakes on the momentum of capital flow into blockchain technologies, although institutional interest has remained strong. According to Amberdata’s cofounder and COO Tongtong Gong, the rate at which institutional investors are exhibiting interest in blockchain technology is at an all-time high and is growing rapidly. Amberdata…

MondayOct 17, 2022 12:00 pm

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Facilitating BTC Transactions Worldwide via Lightning Network

LQwD is focused on creating enterprise-grade infrastructure to drive bitcoin adoption and, develop institutional-grad services supporting the Lightning Network functionality, transaction capabilities, and bring BTC to scale LQwD Lightning Network nodes include Canada, France, Japan, England, Japan-Osaka, Australia, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West Currently servicing 17 countries, LQwD plans to increase reach to 24 worldwide by the end of the current quarter The global blockchain market was valued at US $4.67 billion in 2021 and is projected to reach US $7.18 billion in 2022, and then US $163.83…

FridayOct 14, 2022 12:00 pm

Google to Start Accepting Crypto Payments Via Coinbase for Cloud Services

Google announced recently that it is going to allow a limited number of its cloud services customers to start paying for those services using cryptocurrencies. This new payment mode is slated for early 2023, and Coinbase Global Inc. (NASDAQ: COIN) will facilitate those transactions. This deal could give Google an edge over its competitors in the cloud business segment because hardly any of those companies currently accepts digital assets as payment for any services rendered. For a long time, Google and its parent company, Alphabet, have drawn most of their revenue from advertising. The cloud business offers the tech giant…