NewsRoom Articles - Page 45 of 171

FridayJan 20, 2023 12:00 pm

US Legislators Form First-Ever Subcommittee Focused on Digital Assets

The committee on financial services in the House has created a maiden subcommittee on digital assets, said chair Patrick McHenry. “This creates a fertile ground for a legal framework encapsulating digital assets,” commented Congressman French Hill, the leader of the digital asset committee. He also said that America has matured now to become a forerunner in this type of innovation, and he noted that the country needs to provide protection to the consumers and investors. Some of the tasks assigned to the first-ever digital assets subcommittee include the following: Creating clear rules to guide federal lawmakers regarding the assets in…

TuesdayJan 17, 2023 9:00 am

SlowMist Report Reveals Tricks Crypto Scammers Used in 2022

SlowMist, an internationally famed blockchain security company, has found that more than 300 security incidents were recorded in 2022. Of these, almost one-third were phishing attacks and scams. The security company highlighted some common phishing ways scammers used to target unsuspecting victims. Some include browser bookmarks that were malicious and dodgy sales orders as well as Trojan malware applied through Discord, a messaging app. Browser bookmarks that are malicious Scammers use bookmark managers, features present in most contemporary browsers. Scammers exploit this to eventually gain entry to an individual’s Discord account after a scammer inserts JavaScript codes into the bookmarks…

FridayJan 13, 2023 9:00 am

How Blockchain Tech Could Transform Transborder Payments

Blockchain technology has the capacity to remarkably change how multilateral payments are done. Presently, transborder payments are unhurried and costly because a series of intermediaries are involved, coupled with compounded regulatory demands. Blockchain technology can essentially regulate this process and quicken it, thereby making it cheaper, and more efficient. A way to change crossborder blockchain payments would be to decrease the number of middlemen involved. At present, transborder payments pass through several banks and a number of checkout processes among other mediators before arriving at their final destination. Each intermediary levies a service fee, which can hike the overall cost…

WednesdayJan 11, 2023 9:00 am

Report Shows Binance Now Commands 67% of Crypto Trading Activity

The world’s leading cryptocurrency exchange, Binance, remains firmly at the helm, closing 2022 with a 66.7% command of the trading market, in comparison to 48.7% at the beginning of the year. In a report by CryptoCompare, Binance took 66.7% of the market trading pie as far as centralized crypto exchanges are concerned at the end of 2022, after the FTX collapse. FTX was the company’s greatest rival. An analysis found that Binance’s market share rise emerged even as the platform experienced a 45% decline in its trading volume. OKX and Coinbase Global Inc. (NASDAQ: COIN) shared the trading floor at…

MondayJan 09, 2023 9:00 am

World Economic Forum Sees Blockchain, Crypto as Vital in Global Economy

The World Economic Forum (WEF) recently published an article outlining the crypto industry's prospects. According to the report, the technology underlying crypto and other digital assets will continue to be an important player in the contemporary economy. The WEF specifically emphasized the multiple uses of blockchain and cryptography, stating that their prominence in the finance industry is already evident. According to the report, investors should pay attention to what large banks and established financial services companies do rather than what they say to assess the viability of digital assets and blockchain at the heart of financial services as well as…

FridayJan 06, 2023 9:00 am

Five Tech Predictions for 2023

While future predictions should be made with caution, Euronews Next has highlighted several major tech trends that will be prevalent in 2023. The metaverse bubble hype appears to have given way to AI, while cryptocurrency prices continue to fall amid numerous controversies and economic pressure and the tech sector has been severely impacted by mass job cuts. Crypto prices Last year's crypto prices were heavily impacted by difficult economic conditions. For starters, the third-largest crypto exchange, FTX, which was headed by Sam Bankman-Fried, spectacularly collapsed, shocking the sector as a whole. It occurred at a time when the total value…

ThursdayDec 29, 2022 11:15 am

Four Possible Crypto Trends to Watch in 2023

A recent report released by Steven Goulden, a senior analyst at Cumberland, has identified a number of "green shoots" that could emerge in the cryptocurrency market in 2023 in spite of this year's turbulent cryptocurrency collapses and price drops. Goulden highlights four new trends in the report, titled “Year in Review,” that in the next two years will significantly advance the cryptocurrency market. These trends include Web3 apps and games becoming genuinely popular, NFTs being the go-to approach for tokenizing a brand's IP, and Bitcoin and Ether possibly being adopted as a nation's reserve asset. NFTs becoming the "go-to method"…

TuesdayDec 27, 2022 9:00 am

UNHCR Starts Pilot Blockchain-Based Payment System for Ukraine War Victims

The United Nations Refugee Agency (UNHCR) recently unveiled a blockchain payment solution for the distribution of digital cash to Ukrainians impacted by the ongoing Russian invasion in collaboration with the Stellar Development Foundation, a company that supports Stellar, the blockchain network. In a statement issued on Dec. 15, 2022, the agency stated that it was among the first to pilot the new Stellar-based aid disbursement solution, alongside the United Nations International Computing Centre (UNICC). According to the refugee agency, using the Stellar-based cash disbursement system ensures that funds are transferred directly to the intended receiver in a timely, secure and…

WednesdayDec 21, 2022 11:15 am

Victory for NFT, Crypto App Developers as Apple Complies with EU Laws

Following the new anti-monopoly law of the European Union, Apple intends to allow apps from third-party app stores to operate on its devices, which could mean significant gains for developers of NFT and cryptocurrency apps in the Europe region. A Bloomberg report released on Dec. 13, 2022, stated that European customers can install substitute apps outside of Apple’s exclusive app store under the new regulations, eventually enabling users to install apps that are not subject to Apple's 30% fee and that are free of restrictions. At the moment, Apple has imposed strict restrictions on NFT applications, effectively requiring users to…

MondayDec 19, 2022 9:00 am

Bitcoin Hits $17,700 as November CPI Data Shows Cool Down in Inflation

Bitcoin prices increased by more than 5% on Dec. 13, 2022, after the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) was up by 0.1%. November’s CPI reading was 7.1%, implying that inflation will remain moderate despite soaring interest rates from the Federal Reserve System. The CPI announcement sparked excitement in the crypto market, but the excitement faded later in the day as investors realized that inflation is still three times above the Fed’s 2% target. Crypto traders have been closely monitoring the monthly inflation report for clues on whether the Fed's tightening of monetary policy this…