NewsRoom Articles - Page 58 of 174

FridayJul 08, 2022 12:45 pm

JPMorgan Analyst Says Cryptos’ Slide Is Nearing End

Cryptocurrency traders have been counting major losses as crypto prices tumbled in recent weeks. For many investors who were hoping to earn a quick buck from the cryptocurrency market, the past few months have been a sobering moment. Bitcoin, the largest cryptocurrency on the globe, dropped from an all-time high of $69,000 in November 2021 to $19,165 by the end of June. Plenty of crypto investors have lost money due to the market slump, and the future looks grim at best. However, a JPMorgan analyst has predicted that there will be a light at the end of the tunnel. The…

WednesdayJul 06, 2022 1:30 pm

Female-Led Blockchain Company Raises $5M-Plus During Preseed Financing Round

R-Labs, a female-led blockchain-based fintech company, has announced that it managed to raise more than $5 million in a preseed funding round. The Austin, Texas-based financial technology company describes itself as a values-based company building a social impact ecosystem in Web3. R-Labs was cofounded by Geeta Sankappanavar and former Bumble VP of Marketing Chelsea Cain Maclin in early 2022. The startup is looking to leverage the blockchain technology behind the cryptocurrency industry to develop and market digital assets in the controversial metaverse. This preseeding round was led by a variety of major investors including Prodege, AGF and Softbank. Later this…

FridayJul 01, 2022 12:00 pm

Top Seven Facebook Groups Crypto Investors Need to Join

With more than 2.9 billion active monthly users, Facebook is undoubtedly the largest social media platform on the planet. An estimated 1.84 billion people log into the app every single day, and 63% of Americans aged 12 and over use the social media platform. This makes it perfect for any cryptocurrency enthusiast keen on keeping abreast with crypto news and updates in real time. Here are the top seven Facebook groups cryptocurrency investors need to join; Ethereum Facebook Group. Unsurprisingly, this group focuses exclusively on Ethereum. It is among the longest-running and largest crypto groups and provides useful information on…

FridayJul 01, 2022 11:15 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Plans to Reach 24 Countries by Q4 2022

LQwD currently has Lightning Network nodes in 17 countries with a goal of 24 by the end of Q4 2022 The current LQwD nodes have already processed over 10k transactions, and the number is climbing The global cryptocurrency market was valued at US $1.49 billion in 2020. The market is projected to reach US $4.94 billion by 2030, growing at a CAGR of 12.8% LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) continues to move forward with its endeavors on the Bitcoin Lightning Network. The company currently has active nodes spanning 17 countries, including the U.S., Ireland, India, Germany, Brazil, Hong Kong,…

ThursdayJun 30, 2022 12:00 pm

The Blockchain Futurist Conference, Together With ETHToronto, Bring Blockchain Technology and Cryptocurrency to Real Life

The most crypto enabled conference in the world returns to Toronto, Canada Blockchain Futurist Conference, Canada’s largest crypto and blockchain event, combined with ETHToronto, the official Hackathon of the Blockchain Futurist Conference, is coming back to Toronto this August 8-10, 2022 for its fourth year. With only a short time until this flagship event, along with the announcement about the newly added keynote speaker Vitalik Buterin, inventor of Ethereum, the excitement among the blockchain and cryptocurrency community is rapidly growing. Here’s how the conference will be crypto and blockchain enabled for 2022 so far: The conference has introduced a multitude of…

WednesdayJun 29, 2022 12:45 pm

Blockchain Technology Could Help Luxury Brands Save Billions

While cryptocurrencies are currently being battered on the market, the tech upon which they are based is finding new uses in the luxury brand segment. Players in this space have turned to blockchain as a way to fight back against counterfeiting, which costs different luxury brands billions in lost revenue as well as legal costs. The losses suffered by luxury brands are astronomical. For example, in 2017 alone, these brands reported a total of $98 billion in lost sales. The cost of counterfeits isn’t just restricted to the monetary aspect — even the reputation of the brand suffers when a customer…

TuesdayJun 28, 2022 12:45 pm

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leveraging Lightning Network to Spread Bitcoin Awareness Through Worldwide Channel Access

The Lightning Network capacity is US $82,800,210 LQwD’s longest running node is US-West, with a capacity of 5.74404405 BTC/ 574,404,405 sat/ US $117,517.28, a channel count of 107, and a node count of 106 LQwD has a total of 17 active nodes worldwide on the Lightning Network The global cryptocurrency market was valued at US $1.49 billion and is expected to reach US $4.94 billion by 2030 Five years ago, on May 10, 2017, Christian Decker of Blockstream made the first non-test transaction on the Lightning Network. The transaction, conducted in Litecoin, was settled within one second. Today, the Lightning…

MondayJun 27, 2022 3:00 am

Wire Network Unveils Crypto Interoperability Wallet

Wire Network has unveiled a protocol called Universal Polymorphic Address protocol (UPAP) designed to allow its users to own a digital wallet that is readable regardless of the specific blockchain on which a user’s NFTs or cryptocurrencies are built. The protocol achieves this by giving each user a universal address that can be accessed from any blockchain system as long as one has the authentication credentials. The UPAP protocol can also facilitate gaming, has improved usability and enhanced security from cyberattacks, and can be scaled quickly to suit any decentralized apps or crypto trading operations. Wire Network CEO Ken DiCross…

FridayJun 24, 2022 1:30 pm

How Higher Education Institutions Can Benefit from Blockchain Technology

While many universities and colleges are involved in research about blockchain technology, not many of them have put their feet in the water and actually used the technology. This is unfortunate, because blockchain technology can play an immense role in improving several aspects of higher education institutions, included the following: Improving Record Keeping Many colleges and universities currently use antiquated record-keeping systems that have been in use for decades. Those systems can no longer cope with the current realities in higher education. For example, students can now take a variety of course units offered by different schools or even campuses.…

WednesdayJun 22, 2022 2:15 am

Three Ways DeFi, Cryptocurrencies Improve the World

While cryptocurrencies and the technologies around them such as blockchain tech are still niche technologies, we are seeing an increasing array of different applications through which the world is being made a better place. We highlight some of those below. Funding oppressed people and dissidents Gary Kasparov, the chess legend who has now taken to advocating for human rights, says that cryptocurrencies can be a major tool through which people opposed to regimes that are anti-people can marshal the resources they need to resist the oppressors. Kasparov says by using cryptocurrencies, people can move funds around without any interference from…