NewsRoom Articles - Page 69 of 189

WednesdaySep 07, 2022 12:00 pm

FBI Advises Blockchain DeFi Firms to Boost Security as Cyberattacks Increase

Cryptocurrencies took the world by storm when Bitcoin was first introduced, acting as the world’s first decentralized online currency. The crypto market had limited barriers to entry compared to traditional finance and offered fast, secure, and private payments to users. The fact that it was built on decentralized blockchain technology that eliminated the need for a centralized banking institution attracted millions of users across the world, especially from developing countries. However, blockchain has been plagued by dishonest and malicious players since its inception. The enhanced privacy, security, and limited traceability capabilities that were the technology’s selling point also attracted criminal…

FridaySep 02, 2022 1:15 pm

Wild West Crypto Show Features 2B3D’s Innovative Solutions for Veterans and More

Conservative alt-coin podcast hosts Drew Taylor and Brent Bates recently welcomed guests and the audience to another episode of their wildly popular Wild West Crypto Show. Special guests to the program included CryptoCurrencyWire’s Jonathan Keim, who shared the three hottest stories in cryptos. The show also shined the spotlight on interviews with some of the attendees of the recent NFT Conference held in Las Vegas. “2B3D is synonymous for metaverse… Over 31,000 veterans have killed themselves since 9/11. It’s a major, major problem… Studies show that if you can get to somebody within five to fifteen minutes of that thought…

FridaySep 02, 2022 10:45 am

Blockchain Tech Transforming How People Invest

Blockchain technology has the potential to revolutionize how several industries operate. It first began with cryptocurrency, a digital currency that leveraged blockchain’s decentralized nature to offer private, secure and untraceable payments. And even though the crypto market has stumbled in recent months, blockchain is still attracting attention from a variety of industries. Investing is one of these spaces. In the not-so-distant past, investing was a game primarily played by older, more affluent investors who could weather the risk of potentially losing large amounts of money. But now that blockchain has established itself and proven that it is here to stay,…

WednesdayAug 31, 2022 12:45 pm

Report Says Morgan Stanley, Google, BlackRock are Pouring Billions into Crypto and Blockchain Tech

Corporate interest in blockchain has been on the rise in recent months despite the downturn in crypto prices. A report from cryptography analytics platform Blockdata reveals that rather than shy away from blockchain in the wake of reducing crypto prices, the world’s top companies have poured billions of dollars’ worth of investment into the nascent blockchain and crypto market over the past 10 months. The Blockdata report revealed that 40 of the top 100 companies on the globe by market capitalization are reportedly investing billions of dollars into cryptocurrency and blockchain companies, reaching a total of around $6 billion into…

MondayAug 29, 2022 12:45 pm

The EU Could Use Blockchain Technology to Process Asylum Applications

Blockchain technology doesn’t seem to be going anywhere soon. Although the crypto market that catapulted blockchain into the mainstream is experiencing historically low prices, blockchain is currently riding high. Companies across several industries are considering integrating blockchain into their structure due to its decentralized nature, which offers increased security, privacy and traceability. Now, it seems that blockchain could play a major role in humanitarian efforts in Europe in the wake of Russia’s unprovoked attack on Ukraine. The Russia-Ukraine war has resulted in the largest influx of immigrants across the European Union. While the 2015 North Africa and the Middle East…

FridayAug 26, 2022 12:45 pm

Blockchain Security Auditors on High Demand as Hacking Threats Escalate

As more reports of cryptocurrency hackings make the news, the demand for experts in blockchain security has risen, with some of these professionals earning in excess of $430,000 annually. Neil Dundon, the founder of blockchain recruitment company CryptoRecruit, indicated that for a long time, the demand for audit services in the blockchain space has been high. However, the growing number of defi (decentralized finance) protocols has upped the ante and created a soaring demand for experts who can review these protocols and identify any vulnerabilities in the smart contracts upon which these defi systems run. This emphasis on blockchain security…

WednesdayAug 24, 2022 12:00 pm

World Bank Affiliate Looks to Blockchain to Facilitate Carbon Trading

Blockchain technology doesn’t seem to be disappearing anytime soon. Despite the cryptocurrency market experiencing significant losses over the past couple of months, with major cryptos such as Bitcoin and Ethereum losing more than 50% of their value, the use of the underlying blockchain technology around the world is on the rise. Last week, a World Bank affiliate announced that it was backing a blockchain-based platform to facilitate carbon trading. Carbon trading is a system that allows enterprises to emit a certain level of carbon dioxide with the goal of reducing emissions over time by buying permits and credits. International Finance…

WednesdayAug 24, 2022 11:36 am

Crypto Fest 2022: Looking Up to Post-Winter Opportunities

The festival is set to be the largest gathering of crypto-minded experts, amateurs, and enthusiasts in Africa, to explore the technology’s impact on Web 3.0 and emerging opportunities for investors. Conflict in Europe and skyrocketing interest rates in the US have put cryptocurrencies in the midst of one of the worst market crashes in the technology’s history. Bitcoin and Ethereum dropped more than 70 percent since the peak of last year’s bull run, while several high-profile crypto companies shut their doors as the size of the industry fell below US$1 trillion – a significant decrease from just a few months…

MondayAug 22, 2022 12:00 pm

Securities Affiliate of Hyundai to Add Crypto to Its Asset Management Arm

Despite the fact that the crypto market has lost more than $2 trillion over the last couple of months as most cryptos have dropped significantly in value, companies are still keen on taking advantage of cryptocurrencies. Bitcoin and Ethereum saw their prices drop by more than 50% while a multitude of other cryptocurrencies went down by more than 90%. Even so, several industries are looking to leverage cryptocurrency and its underlying blockchain technology to meet their various goals. Hyundai Motor Securities recently announced that it will incorporate information on its client’s cryptocurrency holdings onto MyData, its asset management arm. MyData…

FridayAug 19, 2022 11:15 am

Reddit Unveils Another Method of Accepting Crypto Community Points

Redditors will be able to purchase Ethereum directly on the Reddit app using Community Points after the online forum partnered with crypto exchange giant FTX. The partnership will provide Reddit users with a new way to accept crypto payments and unlock cryptocurrency-enabled perks for the platform’s community points. Only Reddit users on the subreddits r/FortniteBR and r/Cryptocurrency, which cumulatively have more than 7 million members, will be able to purchase community points using Ethereum Cryptocurrency. Speaking at a press release, FTX announced that Redditors would be able to use FTX Pay, the crypto exchange’s payment system, to manage their blockchain-based…