NewsRoom Articles - Page 69 of 188

WednesdayAug 17, 2022 12:00 pm

Taiwan Looks to Blockchain to Evade Chinese Hackers

Taiwan is planning on leveraging blockchain’s security capabilities to bolster its cyber security and make it more resistant to Chinese cyberattacks. The east Asian country’s government launched the blockchain-based project soon after U.S. Speaker of the House Nancy Pelosi visited the island, the first such visit by a senior-level official in more than two decades. Designed in 2014 by Juan Benet, the InterPlanetary File System (IPFS) will allow Taiwan’s Ministry of Digital Affairs to protect its infrastructure from online attacks. Built using blockchain technology, IPFS is a decentralized peer-to-peer network that allows users to circumvent centralized points of failure by…

WednesdayAug 17, 2022 9:00 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Leverages Bitcoin Lightning Network Across 19 Countries and Capacity Exceeding 30 BTC

The Lightning Network has seen substantial growth over the past few years, doubling capacity year-over-year, and currently offers a capacity of over 4,500 BTC across thousands of channels worldwide LQwD currently spans 19 countries, including Japan, England, Canada, France, Australia, Italy, Indonesia, Japan-Osaka, Bahrain, South Africa, South Korea, Sweden, Singapore, Hong Kong, Brazil, Germany, India, Ireland, and US-West LQwD’s PaaS offering provides Lightning Network node and channel management, LSP for merchants, and an easy-to-use API for even novice BTC owners The Lightning Network, a layer 2 payment protocol on the Bitcoin blockchain, set its first capacity record in August 2020,…

MondayAug 15, 2022 11:30 am

Cryptocurrencies Appear to Have Seen the Worst of Crypto Winter

In June, the global cryptocurrency market experienced a significant slump after crypto lending company Celcius Network froze transfers and withdrawals due to “extreme conditions.” Although the crypto decline had begun as early as November 2020 when Bitcoin saw its value fall below $20,000, the market nearly collapsed in June as a majority of cryptocurrencies saw their values drop by more than 90%. Bitcoin, which is the largest and most popular cryptocurrency in the world, dropped in value by more than 70% while Ethereum fell past $1,000. Crypto prices began to level out after the drop in June, with Bitcoin leveling…

MondayAug 15, 2022 9:00 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Continues Pursuing Scalability of Bitcoin Micropayments Using the Lightning Network Amidst Oppositional ECB Paper Publication

The FED and ECB have taken different sides on the scalability of the Lightning Network as a viable solution to solving the world's payment problems LQwD currently has 19 active nodes on the Lightning Network – each with a capacity that continues to grow, with the goal of creating access to 24 countries worldwide by the end of the current quarter LQwD’s active nodes include US-West, Ireland, India, Germany, Brazil, Hong Kong, Singapore, Sweden, South Korea, South Africa, Bahrain, Indonesia, Italy, Australia, Japan-Osaka, France, Canada, England, and Japan The cryptocurrency market is expected to reach US $2.2 billion by 2026,…

FridayAug 12, 2022 12:00 pm

How Blockchain Tech Helping Marketing to Evolve

Blockchain technology first hit the mainstream in 2009 when Satomi Nakamoto published a white paper discussing a new digital token called Bitcoin. More than a decade later, cryptocurrencies and the blockchain technology they run on have grown into a major global industry even though Bitcoin is currently undergoing an unprecedented winter that has wiped out some $2 trillion in value. Banking on blockchain’s decentralized nature, companies have found several ways they can leverage blockchain to improve their marketing efforts and make those efforts more efficient. In fact, blockchain technology know-how has become one of the most in-demand skill sets in…

WednesdayAug 10, 2022 12:00 pm

Indian IT College Holds First Blockchain-Backed Elections

Blockchain technology isn’t going anywhere anytime soon. Even though the crypto market is currently experiencing a crypto winter that has caused most cryptos to lose more than 50% of their value, organizations are still keen on leveraging blockchain. Thanks to its decentralized nature, blockchain reduces points of weakness, improves data reconciliation, and enhances security, speed, and privacy. Students from an IT college in India recently made history after they held the world’s first blockchain-based elections, showing just how effective blockchain can be in a wide variety of applications. The Center of Innovation IIT-Madras’s Webops and Blockchain Club recently developed software…

MondayAug 08, 2022 12:00 pm

Report Reveals $2.7B Injected into Minting NFTs in Six Months

NFTs first hit the mainstream in May 2014 when a digital artist Kevin McCoy minted a nonfungible token called Quantum on the Namecoin blockchain. Last year proved to be a great year for NFTs, thanks to an explosive surge in popularity that led to an increase in NFT supply as well as demand. Now market research from blockchain data company Nansen has revealed that for the first half of 2022, cryptocurrency users spent 963,227 Ether ($2.7 billion) minting NFTs on Ethereum’s blockchain. The research showed that the minting happened from 1.088 million wallet addresses hosted on Ethereum’s blockchain, with most…

FridayAug 05, 2022 11:15 am

Blockchain Technology Could Go Mainstream Via Adult Entertainment Industry

Blockchain technology was revolutionary when it was first introduced in 2008 as part of a new digital currency called Bitcoin. Over the past decade, blockchain has provided systems with increased technology, speed and efficiency due to its decentralized nature. Even as cryptocurrency prices have hit historic lows in the past couple of months, several industries are keen on adopting blockchain into their systems. The adult industry, which is known for being among the first sectors to adopt new technologies, could benefit a great deal from blockchain’s decentralized nature. Estimated to be worth billions of dollars, the adult industry could leverage…

ThursdayAug 04, 2022 3:45 pm

Untraceable Events Launches UNNY, The Real Life Engagement Token, to Enhance Attendee Experience at Blockchain Futurist Conference 2022.

The Untraceable team is revolutionizing gamification and how attendees interact with events to create long lasting experiences. Blockchain Futurist Conference, Canada’s largest blockchain and crypto event, returns to Rebel Entertainment Complex in Toronto from August 9-10, 2022. Presented by Untraceable Events, this year’s conference will feature the launch of UNNY, the Real Life Engagement Token. UNNY looks to disrupt the event landscape by tokenizing gamification, driving attendees to participate in specific actions and enhancing the overall event experience. Untraceable Events has prioritized the attendee experience, and has brought innovative gamification features to all their events. At this year’s Futurist Conference,…

WednesdayAug 03, 2022 2:15 pm

How the Recent Interest Rate Hike May Affect Cryptocurrencies

After weeks of intense speculation, the U.S. Federal Reserve has increased benchmark interest rates by 0.75% as inflation levels have soared. A statement from the Fed states that high inflation levels, increasing energy and food prices and the Russia-Ukraine war have caused upward pressure on inflation and impacted global economic activity. The most recent interest rate increase, which is the fourth consecutive such hike this year, will most likely increase volatility within the cryptocurrency market. The Fed seems hell-bent on forestalling inflation and has taken an increasingly hawkish stance to ensure inflation remains at 2% over the long term. The…