NewsRoom Articles - Page 65 of 187

MondayOct 17, 2022 12:45 pm

Despite Cyptos’ Slump, Blockchain Technology Still Attracting Institutional Interest

For a long time, pundits have posited that cryptocurrencies and blockchain technology will truly take off once institutional investment into the industry starts pouring in. In 2021, institutional investors picked interest in decentralized finance (defi), the metaverse, and NFTs (non-fungible tokens). However, the slump in the prices of cryptos witnessed in 2022 put the brakes on the momentum of capital flow into blockchain technologies, although institutional interest has remained strong. According to Amberdata’s cofounder and COO Tongtong Gong, the rate at which institutional investors are exhibiting interest in blockchain technology is at an all-time high and is growing rapidly. Amberdata…

MondayOct 17, 2022 12:00 pm

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Committed to Facilitating BTC Transactions Worldwide via Lightning Network

LQwD is focused on creating enterprise-grade infrastructure to drive bitcoin adoption and, develop institutional-grad services supporting the Lightning Network functionality, transaction capabilities, and bring BTC to scale LQwD Lightning Network nodes include Canada, France, Japan, England, Japan-Osaka, Australia, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West Currently servicing 17 countries, LQwD plans to increase reach to 24 worldwide by the end of the current quarter The global blockchain market was valued at US $4.67 billion in 2021 and is projected to reach US $7.18 billion in 2022, and then US $163.83…

FridayOct 14, 2022 12:00 pm

Google to Start Accepting Crypto Payments Via Coinbase for Cloud Services

Google announced recently that it is going to allow a limited number of its cloud services customers to start paying for those services using cryptocurrencies. This new payment mode is slated for early 2023, and Coinbase Global Inc. (NASDAQ: COIN) will facilitate those transactions. This deal could give Google an edge over its competitors in the cloud business segment because hardly any of those companies currently accepts digital assets as payment for any services rendered. For a long time, Google and its parent company, Alphabet, have drawn most of their revenue from advertising. The cloud business offers the tech giant…

WednesdayOct 12, 2022 10:30 am

BlackRock’s Latest ETF Pours Money into 35 Blockchain Companies

BlackRock, the largest asset management company in the world, recently launched a new exchange traded fund (ETF) to give its customers in Europe an opportunity to invest in blockchain technology companies as well as ancillary companies to this industry. This new ETF, which was unveiled on Sept. 27, 2022, dubbed iShares Blockchain Technology UCITS ETF, is putting 75% of its holdings into blockchain firms (crypto exchanges and crypto mining firms, for example) while the remaining 25% will be held in blockchain ancillary enterprises, such as those specializing in providing legal services to blockchain industry players. At the moment, the ETF…

MondayOct 10, 2022 12:45 pm

EU Parliament Approves Resolution Calling for Blockchain, Crypto Tax Policies

Decentralized blockchain technology took the world by storm when it was first introduced more than a decade ago. Blockchain and crypto promised to deliver enhanced security and privacy, visibility, traceability, fast transactions and immutability. The crypto market grew increasingly popular over the years and attracted millions of users, especially those from developing countries because they traditionally have limited access to investing. With a valuation of $1.6 billion in 2021, the cryptocurrency market is expected to be worth $2.2 billion by 2026. As the market has grown and evolved, there have been efforts by lawmakers in regions that allow cryptocurrencies to…

FridayOct 07, 2022 12:00 pm

Why the Crypto Winter Won’t Stop the Onward March of Blockchain Technology

This year hasn’t been great for the nascent cryptocurrency market. The first six months of 2022 saw a decline in the price of every major crypto and a 26% reduction in venture capital investment. Data from Crunchbase shows that investment in cryptocurrency companies was down to $9.3 billion in the first half of 2022 compared to $12.5 billion in the first half of 2021. In mid-June, the rug was pulled out from under crypto investors after prices dropped significantly, with Bitcoin falling by as much as 37.3% to trade below $19,000. By the time the dust had settled, the cryptocurrency…

WednesdayOct 05, 2022 11:15 am

How Cryptocurrencies Are Helping the US Dollar

For the past couple of weeks, the greenback has experienced a rally that has seen it achieve highs it hadn’t seen in two decades. The dollar’s surge in value came amid efforts by the U.S. Federal Reserve to forestall inflation. Over the past three months, the Fed has raised the benchmark interest rate by 0.75 basis points, and it has signaled that there may be even more interest rate hikes as the risk of inflation increases. The dollar’s surge has threatened a long-held idea among crypto enthusiasts that digital tokens such as Bitcoin posed a significant threat to the dollar’s…

MondayOct 03, 2022 1:00 pm

California Governor Vetoes Bill Regulating Cryptos

More than a decade after the introduction of Bitcoin, millions of Americans now hold some kind of digital token. Bitcoin, the largest crypto in the world, boasts more than 80 million users globally while Ethereum is poised to become just as big after the conclusion of the long-awaited ETH merge. In total, there are more than 12,000 cryptocurrencies in the world. But despite the immense popularity of digital tokens, few standard crypto regulations exist in the United States. And since decentralized blockchain technology allows for private and secure transactions, the crypto market has unfortunately attracted plenty of criminal elements. Recent…

FridaySep 30, 2022 12:00 pm

Dubai Police Announces 24-Hour Timeline to Recover Lost Passports Using Blockchain Tech

Blockchain technology may have been popularized by the cryptocurrency craze, but it is now being used in a variety of alternative applications. Features such as elevated security and data traceability that made cryptocurrencies such a hit have made blockchain equally popular and resulted in plenty of innovative uses. For example, authorities in Dubai are leveraging blockchain technology to speed up passport recovery efforts. Losing your passport can be a hassle, especially if it happens in a foreign country, and it can take anywhere from eight business days to eight weeks to have the passport replaced. In the United Arab Emirates…

WednesdaySep 28, 2022 12:59 pm

Bitcoin Events Sets the Stage for an Unparalleled Experience at Crypto Fest 2022

The stage is set for Bitcoin Events’ 4th edition of Crypto Fest taking place this Friday on September 30, 2022, at the beautiful Grand Africa Café and Beach in Cape Town, South Africa. The theme of this year’s edition is ‘Don’t Look Up, which is based on the satirical movie, ‘Don’t Look Up’. The suggestion is to look up and take note of the changes happening in the crypto-DeFi-NFT-Web3.0 space. Says Sonya Kuhnel, Co-founder and Director of Bitcoin Events, and organiser of this year’s festival: “Change is inevitable, and the world is – slowly but surely – realising the impact…