NewsRoom Articles - Page 65 of 194

FridayMar 17, 2023 10:30 am

How SVB, Silvergate’s Collapse Could Impact the Crypto Industry

Two banks that had warmed up to crypto and supported tech startups have buckled in under a week. In a welcome move, crypto prices rallied over the weekend when the federal government came in to guarantee depositors’ funds in the two banks. Silvergate Capital, which is a cryptocurrency central lender, announced on Wednesday that it is closing its operations and liquidating. The Silicon Valley Bank, a lender to most technology startups, crashed on Friday after depositors panicked and cashed out more than $42 billion after the bank announced its need to raise $2.25 billion to balance its books. Signature, a…

WednesdayMar 15, 2023 1:29 pm

Paris Blockchain Week launches Paris Blockchain Week Awards with Community Voting via Partisia Blockchain

Paris Blockchain Week, jointly with Partisia Blockchain, today announces a Paris Blockchain Week first: Paris Blockchain Week Awards - inaugural edition. The Awards will recognise the most notable individuals, projects, and organisations across this innovative sector at Europe’s largest gathering of thought leaders, innovators, and experts from around the world convening to discuss and advance the state of blockchain and web3 technologies. The awards recognizing the efforts of the blockchain community members are in perfect alignment with Paris Blockchain Week’s vision that emphasises the development of the ecosystem through education, flagship projects and community collaboration to build tomorrow’s digital economy.…

WednesdayMar 15, 2023 11:15 am

Brazil Successfully Debuts Digital Real on Public Blockchain

Brazil’s central bank’s maiden blockchain project, the digital real, made an entry through a public blockchain. A local paper, “Valor Economico,” stated that the trial project was done by Mercado Bitcoin, a crypto exchange, and Stellar protocol, and was designed to bring awareness to low-cost as well as real-time settlements to the users. Special attention was placed on the simulated delivery vs. payment model for the instant exchange of assets plus funds. Fulvio Xavier, head of special projects at Mercado Bitcoin, said the thesis was geared at proving the possibility of safety and viability in transacting using digital assets leveraging…

MondayMar 13, 2023 11:15 am

2023 Is Year of High-Quality Blockchain Games — Polygon

Many people are in favor of blockchain games, and this year appears to be the year that could bring about high-quality online games using the technology. Polygon’s games vice president Urvit Goel recently shared that the company was endeavoring to make blockchain games a reality. He said 2023 would be the year that blockchain and gaming will be seriously vetted for all the promises made previously. He intimated that Polygon has been the trailblazer with the integration of the NFT marketplace. Even though the collapse of FTX upset the industry, the Web3 blockchain gaming sector has kept scaling north of…

FridayMar 10, 2023 10:30 am

Crypto Donations Continue Despite Industry Slump

Early last year when Russian forces invaded Ukraine, the crypto community was quick to mobilize as donations poured in to help those affected by this unprovoked war. The donations mainly went to government agencies as well as nongovernmental organizations involved in the relief efforts. Recently several DAOs and crypto projects have shifted their attention to raising funds to help those affected by the earthquakes in Syria and Turkey. These efforts aren’t gaining mainstream media attention due to the preoccupation with the Ukraine war. Endaoment, an NGO that was launched in 2019, says in the wake of the earthquakes that devastated…

ThursdayMar 09, 2023 10:30 am

Exploring the Advancements in Blockchain Technology at the 9th Annual Blockchain Africa Conference 2023

The 9th annual Blockchain Africa Conference 2023 is a highly anticipated event for those in the tech and finance industries. This year's conference will take place on March 16 – 17 in Johannesburg, South Africa and will bring together experts from all over the world to discuss the latest trends and developments in blockchain technology. Blockchain technology is one of the most exciting innovations of recent times and has the potential to revolutionize the way we conduct financial transactions, store and secure data, and manage digital identities. The Blockchain Africa Conference 2023 is a perfect opportunity to learn about these…

WednesdayMar 08, 2023 11:15 am

Crypto Industry Could Be Reshaped by Ongoing US Enforcement Actions

Gary Gensler is regarded in some quarters to be hostile to the U.S. crypto community. Previously, the Securities and Exchange Commission (SEC) chair has talked passionately about the demerits of cryptocurrencies and the strong need to regulate its industry. Since FTX’s collapse, Gensler has been extra aggressive toward crypto even if Congress has been slow in creating a crypto framework. Recently, the SEC has charged a number of crypto enterprises for violation of securities laws. Many crypto insiders now complain that Gensler’s meddling is affecting overseas crypto businesses. But some argue that Gensler’s aggressiveness will help streamline the high-risk industry.…

MondayMar 06, 2023 9:00 am

VISA Reaffirms Commitment to Cryptocurrency Strategy

A Visa company spokesperson, speaking to Blockworks, has confirmed Visa’s affirmation that it will keep focusing on its master plan to be the go-between for both traditional finance and crypto. Visa intends to keep working on its crypto strategies despite rumors that depict the contrary. The company’s rival, Mastercard, has keen intent to keep its focus on a more neutral arena: blockchain. In an earlier Reuters report, it was claimed that both payment giants may halt cryptocurrency businesses following the sinking of some high-status companies within the industry. Visa has since absolved itself from such claims. Visa’s vice president and…

FridayMar 03, 2023 12:00 pm

How Various Industries Are Merging AI, Blockchain

Technological advances have birthed innovative solutions in a myriad of industries. Blockchain and artificial intelligence (AI) are the trailblazers of our time, with the potential to upscale how we go about our daily businesses, and when these two are merged, they have such a synergy to catalyze revolutionary solutions. Understanding AI and Blockchain synergy AI mainly deals with the creation of intelligent machines, which can perform duties that otherwise require the input of human intelligence. Blockchain is a decentralized ledger allowing secure and transparent transactions to take place. The amalgamation of these two technologies is a potential trendsetter for most…

WednesdayMar 01, 2023 12:00 pm

Bitcoin Slides as Crucial Inflation Indicator Spooks Markets

Bitcoin took a sudden nosedive last week, plunging the whole crypto market into the red. Seemingly, inflation has been the catalyst of this dip, astounding investors within this biosphere. The CoinGecko data indicates that Bitcoin is currently trading at $23,070, suffering a 3% dip, yet last week it broke ranks to trade over the $25,000 mark, a first in more than six months. Many other cryptocurrencies have also been hit so hard so that Ethereum lost 3.1% trading in a day as Dogecoin traded at $0.082, suffering a 3.3% drop in just under 24 hours. Typically, cryptocurrency follows the U.S.…