NewsRoom Articles - Page 59 of 174

FridayJun 17, 2022 11:15 am

Blockchain Technology Could Help Accelerate Climate Action

Runaway climate change over the past decades has drawn the attention of the world, and global leaders have been scrambling to come up with measures to halt or even reverse some of the effects accelerating global warming. Grand promises have been made, but action is woefully inadequate as we head to the 2050 deadline to net-zero. However, blockchain technology can be leveraged to unlock the carbon market and scale the use of carbon credits in the fight against climate change. Currently, registries such as Gold Standard and Verra issue carbon credits to organizations and entities that can’t avoid generating greenhouse…

FridayJun 17, 2022 10:30 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Sees Growth from Lightning Network Nodes; Company Executive Publishes Guest Post About Using Bitcoin to Increase Trust on the Internet

Since the summer of 2021, the number of users with access to the Lightning Network has increased from approximately 100,000 to over 80 million LQwD's current channel count on the Lightning Network is 17 and connects countries worldwide LQwD currently has active nodes spanning the US, Japan, England, Canada, France, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, and Ireland Company executive Stephen Thompson wrote an article for Bitcoin Magazine expressing that Bitcoin (as a network) could be the additional layer of trust needed with the internet infrastructure today Over the last 30 days,…

WednesdayJun 15, 2022 12:00 pm

Crypto-Based Evidence Could Help Pin War Crimes in Ukraine on Russia

In what could be a first, crypto-based evidence may be used to prove in court that Russia engaged in acts that can be described as war crimes. Starling Lab, a research facility linked to Stanford University, is spearheading the collection and verification of evidence to support this effort. That evidence has been found on the internet. For example, there is a photo that was uploaded by someone on Telegram. The photo showed a school building in the Ukrainian city of Kharkiv with a blast hole in one wall, and the user claimed that a missile fired by Russia was responsible…

TuesdayJun 14, 2022 12:00 pm

Speculation of Bear Market Reinforced by Crypto Declines and Cutbacks

Bitcoin reached an all-time low of $22,725 since December 2020 Other cryptos are feeling the strain, many of which are facing value declines of more than 30% in just a week Many crypto-focused companies have begun issuing hiring freezes and layoffs as a result of the low-valued prices Crypto exchange Gemini is laying off at least 10% of its employees, citing a turbulent market and “crypto winter” Speculation of a bear market has become a reality. Bitcoin just reached an all-time low (since December 2020), with a value of $23,981. Other cryptocurrencies are feeling the effects of this bear market…

TuesdayJun 14, 2022 9:45 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Increases Node Count on Bitcoin Lightning Network as Network Shows 300%+ Growth

The Lightning Network has seen growth of more than 300% since mid-2021, despite the recent decline of Bitcoin LQwD’s nodes on the Lightning Network include global coverage in Canada, South Korea, Brazil, Hong Kong, South Africa, Bahrain, Japan, the US, Ireland, India, Germany, Singapore, Sweden, Indonesia, Italy, France, and England The global cryptocurrency market was valued at US $1.49 billion in 2020, and is projected to reach US $4.94 billion by 2030 The Bitcoin Lightning Network (“LN”) has experienced explosive growth recently, despite the volatility of the cryptocurrency. Recent reports have indicated that Bitcoin has experienced negative growth – by…

MondayJun 13, 2022 1:00 pm

UK to Begin Testing Blockchain Technology in Market Activities

In a bid to become a worldwide crypto hub, the United Kingdom has announced that it will undertake live testing of blockchain technology during market activities such as trading stocks as well as bonds, and settlement of those completed transactions. These tests are scheduled to begin in 2023. Gwyneth Nurse, the director general in charge of financial services at the United Kingdom’s Ministry of Finance, says the use of distributed ledger technology is a vital priority through which the infrastructure of finance markets can be made innovative and become efficient for its users. According to Nurse, a “sandbox” will be…

MondayJun 13, 2022 11:15 am

Uncertainty Surrounds Bitcoin Mining in New York while Other States Begin Deep Dive on Benefits of Digital Currency Implementation

New York's bill to put a temporary ban on Bitcoin mining is in the hands of Governor Hochul - who plans to carefully review it before making a decision (it could be six months or more) The Biden Administration called on federal entities to begin researching the benefits of cryptocurrency implementation Pennsylvania and California have begun efforts to analyze the pros and cons of digital currency in their respective states The fate of Bitcoin mining currently resides in the hands of Governor Kathy Hochul. New York Senate passed a first-of-its-kind moratorium initially drafted by Ithaca Assembly member Anna Kelles in…

FridayJun 10, 2022 12:00 pm

Bipartisan Senators Introduce Bill to Regulate Digital Assets

Senators Kirsten Gillibrand and Cynthia Lummis recently introduced a bipartisan draft law whose objective is to bring the “Wild West” digital assets space under the watchful eye of regulators. Under the proposed law, many digital assets would be regarded as commodities, much like oil and wheat, and the duty of overseeing this market would fall upon the Commodities Futures Trading Commission (CFTC). The two senators said their long-awaited law aimed at availing a regulatory framework through which flexibility, financial innovation, robust protections for consumers and transparency would be promoted in a responsible way that brings digital assets under the ambit…

FridayJun 10, 2022 9:45 am

Bitcoin Mining Community in New York Awaits Outcome of State Senate Bill Banning Mining Operations Running on Carbon-Based Power Sources

Governor Kathy Hochul could change the fate of bitcoin mining in New York by vetoing the bill The bitcoin mining community anticipates a domino effect that could span the entire country if this bill passes The bill comes in the wake of the Climate Leadership and Community Protection Act requiring New York’s greenhouse gas emissions to be cut by 85% by 2050 Last week, New York’s lawmakers passed a bill that bans specific bitcoin mining operations running on carbon-based power sources. The bill, which originally passed the State Assembly in late April before heading to the State Senate, calls for…

WednesdayJun 08, 2022 1:30 pm

Russian Tech, Manufacturing Conglomerate Creates Blockchain-Based Replacement for SWIFT

Rostec, a Russian technology and manufacturing conglomerate, has announced that has completed the development of a blockchain-based system that will make it possible to process payments internationally and store digital currencies securely. This system is intended to provide a trusted alternative to the SWIFT system, from which many Russian entities have been locked out of as a consequence of the sanctions imposed upon Russia by Western powers after the country invaded its neighbor Ukraine back in February. The corporation, owned by the Russian state, wants to increase available options through which Russia and the banks operating within the country process…