NewsRoom Articles - Page 49 of 174

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…

FridayDec 16, 2022 10:30 am

Adoption of Blockchain Technology Could Be Answer to 5G Fraud

The telecommunications industry is seeing an increase in phishing attacks as the industry transitions to 5G services, underscoring the need for better security measures. According to a report by the Economic Times, India, which is the second-largest smartphone consumer country, is already facing a rise in the level of telecom-related fraud. Consumers are eager to use advanced internet services following the commercial rollout of 5G, and fraudsters are exploiting this opportunity to commit telecom financial fraud. The scammers, impersonating telecom employees, send phony emails or texts, promising users a free upgrade to 5G services in exchange for sensitive personal information.…

WednesdayDec 14, 2022 9:00 am

Four Ways Blockchain Technology Supports the Real Estate Industry

It's no surprise that the adoption of blockchain applications in the world's most profitable industries is reshaping the global economy. Businesses and customers alike have recognized the massive potential of blockchain technology and are incorporating it into their daily operations. One sector that appears to have lagged is real estate and property management. The $11.4 trillion industry has been relatively slow to adopt blockchain applications. With recent developments, however, the industry is steadily revolutionizing how sellers, buyers, stakeholders and investors gain better access and transparency. Fraud elimination It is estimated that 2 out of every 200 mortgage applications were falsified…

MondayDec 12, 2022 12:45 pm

iPod Creator Designs Device to Store Crypto Assets

French startup Ledger launched a new hardware wallet at the firm’s yearly Ledger event, held on Dec. 6, 2022. The new crypto wallet, known as Ledger Stax, was designed by Tony Fadell, the creator of the iPod, and is intended to allow people to deposit or exchange a range of tokens, including Bitcoin, Cardano, Ethereum, Solana and NFTs. Ledger Stax resembles a miniaturized phone or even credit card reader. It is similar in size to a credit card, measuring 85 mm long and 54 mm wide, and weighing 45 grams. The Ledger Stax has a black and white electronic ink…

FridayDec 09, 2022 11:15 am

Bank of America Says Cryptocurrency Regulation Is Necessary for Mainstream Adoption

There is still a glimmer of hope for the cryptocurrency industry, despite the major blow it suffered after the FTX exchange and its affiliated trading firm, Alameda Research, was reported bankrupt. This is according to a research report released by Bank of America on Nov. 2, 2022. According to the report, regulatory frameworks for the cryptocurrency industry are essential for mainstream adoption, and a coordinated global effort is needed to prevent arbitrage and protect investors and consumers. Analysts Alkesh Shah and Andrew Moss also noted an increased sense of urgency to regulate the industry. The analysts explained potential benefits, including…

FridayDec 09, 2022 10:30 am

Quantum Miami – Web3 & Blockchain Conference To Facilitate Innovative Business Plans Under its Roof

Web3, Crypto, and blockchain traders, investors, enthusiasts, and professionals are invited to attend Quantum Miami – a Web3 & Blockchain conference being held on January 25-27, 2023, at the James L Knight Center in Miami, Florida. Join the mammoth networking channels and leverage the immense business and growth potential this platform offers. Industry stalwarts who have proven their mettle in these innovative and evolving ecosystems will bring their expertise to Quantum Miami. Aspiring businesses and professionals of the crypto and blockchain spectrum can avail the immense opportunity presented at Quantum Miami. Unleash new ideas and learn from the experiences of…

WednesdayDec 07, 2022 11:15 am

Boris Johnson Lauds Blockchain ‘Opportunities’ at Singapore ISBA Conference

Former United Kingdom prime minister Boris Johnson recently gave a speech at the International Symposium on Blockchain Advancements (ISBA) in Singapore in support of blockchain technology. He compared the onset of blockchain to significant technological advancements such as the invention of fire, the railways and the internet. In his speech, Boris stated that blockchain users were pioneers of an infant technology with all sorts of possibilities that the whole world is still struggling to assess. He also encouraged a better relationship between the cryptocurrency industry and politicians if crypto has a future. Johnson added that he was in favor of…

MondayDec 05, 2022 9:00 am

President Putin Envisions a Worldwide Payments System Based on Blockchain Technology

While speaking at a recent international machine learning and artificial intelligence conference, Vladmir Putin, the president of Russia, revealed that he envisioned a future in which there existed a worldwide payments system leveraging blockchain technology and other new technologies, such as artificial intelligence. In the eyes of the Russian president, such a global system would be free from control by the major powers or countries in the world. The issue of decentralized control aside, Putin also recognized that implementing a system of that nature would yield additional benefits such as improved efficiency and reduced costs. During his speech, Putin took…

FridayDec 02, 2022 9:00 am

How Shreveport Built a Low-Cost WiFi Network Using Blockchain Technology

When industry advocates say that blockchain technology has nearly limitless applications, it may not be so easy for some people to imagine just how beneficial this technology can be. However, numerous case studies are providing concrete proof of just how versatile blockchain technology can be. One such case study is provided by Shreveport, Louisiana, which built a low-cost Wi-Fi network using blockchain tech. In a bid to transform Shreveport into a smart city, Keith Hanson was hired as the city’s IT chief. The mayor had two requests for the new hire: make Shreveport a smarter city and address the current…

WednesdayNov 30, 2022 9:00 am

Cryptos Rise Modestly on Thanksgiving as the Industry Recovers

The major cryptocurrencies, Bitcoin and Ethereum, registered modest gains on Thanksgiving Day as the industry appeared to recover from the fallout linked to the collapse of Sam Bankman-Fried’s FTX and its associated firms. The bearish pressure of this collapse was threatening to topple the fragile crypto sector that was already reeling from the “crypto winter” experienced earlier this year. Bitcoin gained approximately 1.5% on Thanksgiving to trade at a little more than $16,600. However, the weekly stats indicate that BTC is still down from the highs it had registered in prior weeks. Ethereum also registered modest gains on Thanksgiving, rising…