NewsRoom Articles - Page 36 of 150

TuesdayJun 07, 2022 9:45 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Adds New Member to Board; Releases New Lightning Network Node in South Korea

The Lightning Network continues to grow despite the current situation within the Bitcoin market – registering a high capacity of 3,915.34 BTC LQwD has released two more nodes on the Lightning Network, creating a network reach that includes Canada, South Korea, US, Ireland, India, Germany, Singapore, Sweden, Indonesia, Italy, France, and England The company has appointed Peter Loretto to the board to replace Dean Sutton LQwD is a part of Visa's Fintech Fast Track program, leveraging Visa's services for global reach and capabilities The cryptocurrency market was valued at US $1.6 billion in 2021 and is expected to grow to…

MondayJun 06, 2022 12:45 pm

City of Reno Unveils First City-Operated Blockchain Platform

The City of Reno in Nevada has made history as the first city in the United States to create and run a blockchain platform focused on addressing the needs of the residents. That platform has been dubbed the Biggest Little Blockchain. Speaking at an event to unveil the platform, Reno mayor Hillary Schieve revealed that she was excited because this technology showcases how useful blockchain technology can be for the residents of Reno. She added that the residents deserved accountability and transparency from their leaders, and this project gives the residents an opportunity to access information easily. The platform, which…

MondayJun 06, 2022 12:00 pm

Cryptocurrency and Blockchain Technologies Address Global Challenges, Including Environmental Crisis Through Carbon Offsets

The UN Environmental Programme considers blockchain a potential opportunity for the reduction of carbon emissions and other environmental impacts faced globally Cryptocurrency and blockchain technology has the potential to create a positive environmental impact through the use of digital ledgers and carbon credits Carbon credits are digital certificates purchased by companies and environmental projects certifying that they have reduced emissions by at least 1 tonne of CO2 or equivalent greenhouse gas in a given year Companies can be considered carbon neutral if the number of carbon credits purchased equals their carbon footprint The voluntary carbon offsets market was valued at…

FridayJun 03, 2022 12:00 pm

Billionaire Ray Dalio Says Blockchain Is Digital Gold

While speaking on the sidelines of the World Economic Forum that ended recently in Davos, Switzerland, Ray Dalio, the billionaire founder and manager of the largest hedge fund across the globe said that blockchain is akind of digital gold. Earlier in February, the Bridgewater Associates manager stated that he believed that cryptocurrencies are likely to be banned by different governments around the world. Despite this gloomy prediction, Dalio is such a firm believer in the future of cryptocurrencies that he has invested his personal money in Bitcoin, and his hedge fund has also invested considerable resources in digital assets. While…

ThursdayJun 02, 2022 10:30 am

As More Companies Are Looking to Crypto-Futures, Bitcoin Mining Could Be Answer to Cutting Emissions

JP Morgan Chase & Co. announced growth in the cryptocurrency sector; is already using blockchain for collateral settlements for clients An “Onyx by JP Morgan” lounge was recently opened in the metaverse – with the bank citing a trillion-dollar annual revenue opportunity The bitcoin mining market was valued at $2285.4 million in 2021 and is expected to reach $5293.9 million by the end of 2028 HIVE Blockchain Technologies Ltd. is leading the way in bitcoin mining on a greener level – using hydroelectric technology for mining purposes Research indicates that bitcoin mining could be used to reduce methane emissions as…

TuesdayMay 31, 2022 1:30 pm

Banks Start Seeing Blockchain as Source of High-Quality Assets

BNP Paribas, a French bank, has joined a platform owned by J.P. Morgan in a bid to start leveraging digital tokens while undertaking short-term trading activities in the markets of fixed-term financial assets. This comes at a time when major banks are ramping up efforts to modernize the sector by adopting blockchain technology. The blockchain platform, dubbed Onyx Digital Assets, has so far seen deals worth $300 billion completed since December 2020 when the platform was launched. This platform facilitates repo (or repurchase) deals in which investors are allowed to borrow high-quality financial assets for a day or so. Repo…

FridayMay 27, 2022 2:00 pm

Three Concerns Slowing the Uptake of Blockchain Technology

Blockchain technology has been touted as the biggest thing to happen since the invention of the internet. The technology has potential to revolutionize different sectors, including healthcare, finance, education, mining and others. However, the adoption of this technology has been significantly slower than its proponents would wish, and there are a number of reasons to explain this slow process. We explore a few in the discussion below. High upfront costs The cost of establishing a blockchain system is steep to say the least, and only the most committed of institutional entities have the deep pockets to finance such an undertaking.…

FridayMay 27, 2022 12:45 pm

Wild West Crypto Show Features Crypto Crate, Wirex Wallet and More

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 Michelle Robinson, founder of Crypto Crate, which offers premium crypto-crafted and curated gifting solutions. CryptoCurrencyWire’s Jonathan Keim also joined the show to shine the spotlight on the three best stories in cryptocurrencies for the week. Among these, Keim discussed Wirex Wallet’s recent launch of NFT functionality and new payment methods. “This wallet is known for being the first mass-market, non-custodial wallet, and, in this case, it removes the…

FridayMay 27, 2022 12:00 pm

Crypto Enthusiasts to Gather in Austin, TX for Four-Day 2022 Consensus Festival, Featuring Everything from Blockchain to Web3

Hosted by CoinDesk, the 2022 Consensus festival is slated for June 9-12, 2022, in Austin, Texas The festival features 15,000+ attendees, 400+ speakers, and 250+ event sponsors, catering to all sides of blockchain, crypto, Web3, NFTs and the Metaverse Web3 is the future of the internet – creating a decentralized technology that removes the control from the big tech companies and places it back in the hands of the users Venture Capitalist firm Andreessen Horowitz announced a $4.5 billion fund aimed at Web3; with one third of the funds dedicated exclusively to seed deals Coinbase has become the first crypto-based…

ThursdayMay 26, 2022 10:30 am

Despite a Volatile Bitcoin Market, LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Scaling Lightning Network and Increasing Channel Capacities

LQwD released its platform as a service offering in November 2021, also releasing its first node on the Lightning Network – US-West Since then, nine additional nodes have been released worldwide: Ireland, India, Germany, Indonesia, Italy, Singapore, Sweeden, England, and France – with more likely to follow Despite volatility in Bitcoin, the Lightning Network continues to grow, with most recent reports indicating that the Network’s capacity is over 3,539 BTC Users can send payments quickly and with lower fees when utilizing the Lightning Network and PaaS solutions like LQwD One of the most dependable characteristics of the cryptocurrency market is…