NewsRoom Articles - CryptoCurrencyWire

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…

FridayJul 29, 2022 12:45 pm

Five Factors Investors Need to Consider When Choosing Blockchains

Blockchain technology has been a big hit over the past couple of years because of its decentralized structure. This decentralization grants increased transparency, greater security and instant traceability as well as enhanced efficiency and speed, making blockchain a great addition to any business structure. Even though the cryptocurrency market has faltered in the past few months, blockchain technology isn’t going anywhere anytime soon. Given the speculation around blockchain, especially regarding its integration into existing corporate structures across different industries, plenty of investors have considered investing in blockchain. However, as with all investing, there are important factors to consider before investing…

ThursdayJul 28, 2022 9:45 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Increases to 19 Worldwide Lightning Network Nodes as FED Working Paper Supports Bitcoin Scalability Through the Network

LQwD is leveraging the Lightning Network for BTC scalability with 19 nodes active and the goal of creating Lightning Network node access in 24 countries by the end of this financial quarter LQwD 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 was valued at US $1.6 billion in 2021 and is expected to reach $2.2 billion by 2026, growing at a CAGR of 7.1% The Federal Reserve Bank of Cleveland Working Paper Series released Working Paper 22-19 in June 2022…

WednesdayJul 27, 2022 1:30 am

California Lawmakers Vote to Allow Political Campaign Donations in Cryptocurrencies

Cryptocurrency has grown increasingly popular in the past decade partly because of its enhanced security, privacy and anonymity. This anonymity is one of the primary reasons California regulators outlawed all political donations in cryptocurrencies in 2018. State regulators cited the possibility of political interference by foreign players as well as the chance that digital assets could be used to surpass campaign contribution limits. After more than three years since the ban on cryptocurrency donations, lawmakers in California have voted to allow political campaign donations in Bitcoin and other digital currencies. Municipal and state political candidates will now be able to…