Uncategorized Archives - Page 46 of 135

FridayOct 07, 2022 12:00 pm

Why the Crypto Winter Won’t Stop the Onward March of Blockchain Technology

This year hasn’t been great for the nascent cryptocurrency market. The first six months of 2022 saw a decline in the price of every major crypto and a 26% reduction in venture capital investment. Data from Crunchbase shows that investment in cryptocurrency companies was down to $9.3 billion in the first half of 2022 compared to $12.5 billion in the first half of 2021. In mid-June, the rug was pulled out from under crypto investors after prices dropped significantly, with Bitcoin falling by as much as 37.3% to trade below $19,000. By the time the dust had settled, the cryptocurrency…

WednesdayOct 05, 2022 11:15 am

How Cryptocurrencies Are Helping the US Dollar

For the past couple of weeks, the greenback has experienced a rally that has seen it achieve highs it hadn’t seen in two decades. The dollar’s surge in value came amid efforts by the U.S. Federal Reserve to forestall inflation. Over the past three months, the Fed has raised the benchmark interest rate by 0.75 basis points, and it has signaled that there may be even more interest rate hikes as the risk of inflation increases. The dollar’s surge has threatened a long-held idea among crypto enthusiasts that digital tokens such as Bitcoin posed a significant threat to the dollar’s…

MondayOct 03, 2022 1:00 pm

California Governor Vetoes Bill Regulating Cryptos

More than a decade after the introduction of Bitcoin, millions of Americans now hold some kind of digital token. Bitcoin, the largest crypto in the world, boasts more than 80 million users globally while Ethereum is poised to become just as big after the conclusion of the long-awaited ETH merge. In total, there are more than 12,000 cryptocurrencies in the world. But despite the immense popularity of digital tokens, few standard crypto regulations exist in the United States. And since decentralized blockchain technology allows for private and secure transactions, the crypto market has unfortunately attracted plenty of criminal elements. Recent…

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 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…