NewsRoom Articles - Page 55 of 175

WednesdayAug 24, 2022 12:00 pm

World Bank Affiliate Looks to Blockchain to Facilitate Carbon Trading

Blockchain technology doesn’t seem to be disappearing anytime soon. Despite the cryptocurrency market experiencing significant losses over the past couple of months, with major cryptos such as Bitcoin and Ethereum losing more than 50% of their value, the use of the underlying blockchain technology around the world is on the rise. Last week, a World Bank affiliate announced that it was backing a blockchain-based platform to facilitate carbon trading. Carbon trading is a system that allows enterprises to emit a certain level of carbon dioxide with the goal of reducing emissions over time by buying permits and credits. International Finance…

WednesdayAug 24, 2022 11:36 am

Crypto Fest 2022: Looking Up to Post-Winter Opportunities

The festival is set to be the largest gathering of crypto-minded experts, amateurs, and enthusiasts in Africa, to explore the technology’s impact on Web 3.0 and emerging opportunities for investors. Conflict in Europe and skyrocketing interest rates in the US have put cryptocurrencies in the midst of one of the worst market crashes in the technology’s history. Bitcoin and Ethereum dropped more than 70 percent since the peak of last year’s bull run, while several high-profile crypto companies shut their doors as the size of the industry fell below US$1 trillion – a significant decrease from just a few months…

MondayAug 22, 2022 12:00 pm

Securities Affiliate of Hyundai to Add Crypto to Its Asset Management Arm

Despite the fact that the crypto market has lost more than $2 trillion over the last couple of months as most cryptos have dropped significantly in value, companies are still keen on taking advantage of cryptocurrencies. Bitcoin and Ethereum saw their prices drop by more than 50% while a multitude of other cryptocurrencies went down by more than 90%. Even so, several industries are looking to leverage cryptocurrency and its underlying blockchain technology to meet their various goals. Hyundai Motor Securities recently announced that it will incorporate information on its client’s cryptocurrency holdings onto MyData, its asset management arm. MyData…

FridayAug 19, 2022 11:15 am

Reddit Unveils Another Method of Accepting Crypto Community Points

Redditors will be able to purchase Ethereum directly on the Reddit app using Community Points after the online forum partnered with crypto exchange giant FTX. The partnership will provide Reddit users with a new way to accept crypto payments and unlock cryptocurrency-enabled perks for the platform’s community points. Only Reddit users on the subreddits r/FortniteBR and r/Cryptocurrency, which cumulatively have more than 7 million members, will be able to purchase community points using Ethereum Cryptocurrency. Speaking at a press release, FTX announced that Redditors would be able to use FTX Pay, the crypto exchange’s payment system, to manage their blockchain-based…

WednesdayAug 17, 2022 12:00 pm

Taiwan Looks to Blockchain to Evade Chinese Hackers

Taiwan is planning on leveraging blockchain’s security capabilities to bolster its cyber security and make it more resistant to Chinese cyberattacks. The east Asian country’s government launched the blockchain-based project soon after U.S. Speaker of the House Nancy Pelosi visited the island, the first such visit by a senior-level official in more than two decades. Designed in 2014 by Juan Benet, the InterPlanetary File System (IPFS) will allow Taiwan’s Ministry of Digital Affairs to protect its infrastructure from online attacks. Built using blockchain technology, IPFS is a decentralized peer-to-peer network that allows users to circumvent centralized points of failure by…

WednesdayAug 17, 2022 9:00 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leverages Bitcoin Lightning Network Across 19 Countries and Capacity Exceeding 30 BTC

The Lightning Network has seen substantial growth over the past few years, doubling capacity year-over-year, and currently offers a capacity of over 4,500 BTC across thousands of channels worldwide LQwD currently spans 19 countries, including Japan, England, Canada, France, Australia, Italy, Indonesia, Japan-Osaka, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West LQwD’s PaaS offering provides Lightning Network node and channel management, LSP for merchants, and an easy-to-use API for even novice BTC owners The Lightning Network, a layer 2 payment protocol on the Bitcoin blockchain, set its first capacity record in August 2020,…

MondayAug 15, 2022 11:30 am

Cryptocurrencies Appear to Have Seen the Worst of Crypto Winter

In June, the global cryptocurrency market experienced a significant slump after crypto lending company Celcius Network froze transfers and withdrawals due to “extreme conditions.” Although the crypto decline had begun as early as November 2020 when Bitcoin saw its value fall below $20,000, the market nearly collapsed in June as a majority of cryptocurrencies saw their values drop by more than 90%. Bitcoin, which is the largest and most popular cryptocurrency in the world, dropped in value by more than 70% while Ethereum fell past $1,000. Crypto prices began to level out after the drop in June, with Bitcoin leveling…

MondayAug 15, 2022 9:00 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Continues Pursuing Scalability of Bitcoin Micropayments Using the Lightning Network Amidst Oppositional ECB Paper Publication

The FED and ECB have taken different sides on the scalability of the Lightning Network as a viable solution to solving the world's payment problems LQwD currently has 19 active nodes on the Lightning Network – each with a capacity that continues to grow, with the goal of creating access to 24 countries worldwide by the end of the current quarter LQwD’s active 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 is expected to reach US $2.2 billion by 2026,…

FridayAug 12, 2022 12:00 pm

How Blockchain Tech Helping Marketing to Evolve

Blockchain technology first hit the mainstream in 2009 when Satomi Nakamoto published a white paper discussing a new digital token called Bitcoin. More than a decade later, cryptocurrencies and the blockchain technology they run on have grown into a major global industry even though Bitcoin is currently undergoing an unprecedented winter that has wiped out some $2 trillion in value. Banking on blockchain’s decentralized nature, companies have found several ways they can leverage blockchain to improve their marketing efforts and make those efforts more efficient. In fact, blockchain technology know-how has become one of the most in-demand skill sets in…

WednesdayAug 10, 2022 12:00 pm

Indian IT College Holds First Blockchain-Backed Elections

Blockchain technology isn’t going anywhere anytime soon. Even though the crypto market is currently experiencing a crypto winter that has caused most cryptos to lose more than 50% of their value, organizations are still keen on leveraging blockchain. Thanks to its decentralized nature, blockchain reduces points of weakness, improves data reconciliation, and enhances security, speed, and privacy. Students from an IT college in India recently made history after they held the world’s first blockchain-based elections, showing just how effective blockchain can be in a wide variety of applications. The Center of Innovation IIT-Madras’s Webops and Blockchain Club recently developed software…