Uncategorized Archives - Page 44 of 135

FridayNov 18, 2022 12:00 pm

Sony Patent Shows Firm’s Interest in Blockchain and NFTs

A recently uncovered patent that was filed by Sony in July 2021 shows that the entertainment company has more than a casual interest in blockchain technology and non-fungible tokens (NFTs). The patent includes diagrams depicting how Sony plans to track whenever digital assets change ownership, how their visual appearance changes and how the accompanying metadata of those digital assets changes. The patent indicates that those assets could include in-game moments, characters or items within the game. In a write-up that strongly suggests NFT-like assets, Sony’s patent lays out the specifics regarding the mechanisms that the company intends to use to…

WednesdayNov 16, 2022 10:30 am

Blockchain Could Take Logistics to New Level

Logistics, which is the transportation and storage as well as delivery of various goods, has been around since the ancient times. The industry has evolved as the times have changed, and it has taken on an even bigger role as the recent pandemic kept people at home and nearly everything had to be delivered to the doorstep. However, poor technology and the lack of transparency have dogged this industry. Blockchain now looks set to address those longstanding challenges and improve the entire logistics space. Logistics firms are constantly looking for better ways to serve their customers, and blockchain is offering…

MondayNov 14, 2022 12:45 pm

New York Fed Releases Promising Results of Project Testing Blockchain Tech in Cross-Border Trade

The New York Federal Reserve Bank has published a report detailing its findings from Project Cedar, an inaugural project geared at developing a technical framework through which a wholesale central bank digital currency (wCBDC) could be created for use by the Federal Reserve Bank. During phase 1 of the project, the New York Fed wanted to demonstrate whether or not blockchain technology had the potential to improve access, increase speed and lower the costs associated with wholesale cross-border foreign exchange transactions. These transactions are very common because they are relied on by private banks, central banks and large corporations as…

FridayNov 11, 2022 11:15 am

How Elon Musk’s Acquisition of Twitter Could Impact Crypto Adoption on Social Media

As web3 technologies gradually gain prominence, many companies anchored in web2 technology are amending their services and products in order to accommodate the new web3 technology. After Elon Musk completed acquiring Twitter and taking the publicly traded company private, many are wondering how this ownership change is likely to impact the adoption of cryptocurrencies on social media in general. At the moment, Facebook has pivoted and rebranded itself as Meta, and the social media giant wants to position itself as the gateway into the metaverse. Instagram, also owned by Meta, revealed that it would soon be adding functionality to its…

WednesdayNov 09, 2022 12:00 pm

Fidelity Launches Commission-Free Cryptocurrency Trading to Investors

Fidelity Investments, one of the leading brokerage companies globally handling more than $9.9 trillion in assets, has announced that it will be making crypto trading available to its retail investors at no commission. Last week the company allowed intending traders to join a waitlist of those who will be granted access first once the trading platform is opened for business. Through Fidelity’s fully owned subsidiary, Fidelity Digital Assets, retail investors will be able to sell or buy Bitcoin as well as Ether, in addition to making use of the other trading and custodial services availed by Fidelity Digital Assets. Fidelity…

MondayNov 07, 2022 12:45 pm

Canadian Government to Consult on Cryptos, CBDCs, Stablecoins in New Budget

The federal government of Canada has announced that it plans to examine central bank digital currencies, stablecoins and cryptocurrencies. This revelation was in the recently released mini-budget statement. Deputy PM Chrystia Freeland released the 2022 Fall Economic Statement, which serves as an update on fiscal policy during a given budget year. That statement contained a section focused on laying out what plans the federal government has for the crypto industry. The government revealed in the statement that it needed to keep pace with the different ways in which the digitalization of money as well as cryptos were transforming Canada’s financial…

FridayNov 04, 2022 11:15 am

South African Retail Giant Pick n Pay Expands Crypto Payments Pilot Project

Pick n Pay, arguably the largest grocery chain in South Africa, has announced that it is expanding a pilot program aimed at gradually introducing cryptocurrencies as another way through which its customers can pay for their purchases. This change was announced a few weeks after the country’s Financial Sector Conduct Authority officially declared that cryptocurrency assets were now formally regarded as financial assets within the country. This declaration paved the way for such assets to start being regulated, and the move also opened the door to cryptos being used as a mainstream form of payment. In a statement released by…

WednesdayNov 02, 2022 11:15 am

Blockchain, Crypto Industries See New UK Premier as Good

Rishi Sunak, the newly elected prime minister of the United Kingdom, is being seen as a positive force that could pave the way for the blockchain and cryptocurrency industries to grow at a faster pace. Sunak has a history of being positive with regard to the possibilities presented by the industry. Aside from being the youngest PM of the UK in about two centuries, Sunak has a lot in common with younger people, including his view that of cryptocurrencies as viable investments for the future. According to recent surveys, individuals between 21 and 42 years of age believe that cryptos…

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…