NewsRoom Articles - Page 55 of 180

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…

MondayNov 28, 2022 9:00 am

JPMorgan Obtains Trademark for Crypto Wallet

JPMorgan Chase, the largest bank in the United States, formally registered a trademark for its cryptocurrency wallets. The bank is interested in offering various services connected to cryptocurrencies, and these services include processing payments in crypto, availing online checking accounts and other such related services. A formal document, which was published last week, reveals that the bank officially patented as well as registered the J.P. Morgan Wallet at the U.S. Patent &Trademark Office. This development will now see JPMorgan Chase providing various crypto services to its existing and future customers. According to the contents of the trademark document, JPMorgan is…

WednesdayNov 23, 2022 9:00 am

A Crypto Paradox IS Playing Out in the Middle East

As cryptocurrencies and the blockchain technology powering them gain traction around the world, the Middle East, which has many authoritarian regimes, is leading in supporting the adoption of these technologies. Yet the very foundation of this success is partly based on availing ways to evade control by centralized and authoritarian regimes. A report authored by Chainalysis and released in October reveals that the volume of crypto transactions is on a upward trajectory in the Middle East in a way that beats every other region around the world. Turkey, which is experiencing the highest level of inflation on the globe, has…

MondayNov 21, 2022 9:00 am

Blockchain Technology Is Expanding Possibilities of Fractional Investing

At the simplest level, fractional investing allows investors to buy and own a fraction of a company’s share. When you buy shares on stock exchanges, you are buying a small part of a company whose shares are listed. With fractional investing, you get ownership of less than one share of that company. New technologies such as blockchain technology are widening the possibilities presented by fractional investing. For example, the Singapore-based ADDX platform makes it possible for investors to buy a stake in a diverse range of assets for as little as $5,000 as the minimum one can have to join…

FridayNov 18, 2022 12:00 pm

Sony Patent Shows Firm’s Interest in Blockchain and NFTs

A recently uncovered patent that was filed by Sony in July 2021 shows that the entertainment company has more than a casual interest in blockchain technology and non-fungible tokens (NFTs). The patent includes diagrams depicting how Sony plans to track whenever digital assets change ownership, how their visual appearance changes and how the accompanying metadata of those digital assets changes. The patent indicates that those assets could include in-game moments, characters or items within the game. In a write-up that strongly suggests NFT-like assets, Sony’s patent lays out the specifics regarding the mechanisms that the company intends to use to…