NewsRoom Articles - Page 69 of 184

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…

WednesdayJun 08, 2022 12:45 pm

Wild West Crypto Show Delves into Web3, It’s ‘Gonna Be Huge!’

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 J.D. Seraphine, a mover and shaker in the entertainment, crypto world and beyond. CryptoCurrencyWire’s Jonathan Keim also joined the show to share the three hottest stories in cryptocurrencies for the week. Of these, Keim discussed how Binance raised $500m that it plans to invest in Web3 as crypto slides into the bear market. “This comes on the heels of last week’s announcement that A16z is launching a $4.5…

WednesdayJun 08, 2022 12:00 pm

The Countdown Is On! – 2 Months Until ETHToronto Kicks Off, Followed By Blockchain Futurist Conference

Blockchain Futurist Conference, Canada’s largest crypto event, is coming to Toronto, along with the ETHToronto, the official Hackathon of the Blockchain Futurist Conference. The conference will be being held from August 9-10, 2022 at the Rebel Entertainment Complex & Cabana, Toronto, Canada. The ETHToronto hackathon will be held from August 8-10, 2022 inside the 40,000 square foot mega hacker indoor dome, attached to the main venue of Futurist Conference. Key Points: Tickets are selling fast and prices go up every Friday. For those who are unable to attend the in-person event, the conference will be live in the Metaverse through Cryptovoxel brought…

TuesdayJun 07, 2022 3:42 pm

Singapore Blockchain Fest gets 100% completion in 2022

After a successful edition in Limassol, the Singapore Blockchain Fest has led to a real awakening of Asian and European leaders from DeFi to mining, payment systems and crypto exchanges for 2 rush days. It was one of the most anticipated crypto events in Singapore set to take place from June 2nd to June 3rd 2022 at Marina Bay Sands. Attendees faced a unique earn-and-learn platform for the Asian crypto community to exchange insights and experiences and pick up firsthand skills from the market leaders with options for P2P communication. One of the most vital aspects of the Singapore Blockchain…

TuesdayJun 07, 2022 9:45 am

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Adds New Member to Board; Releases New Lightning Network Node in South Korea

The Lightning Network continues to grow despite the current situation within the Bitcoin market – registering a high capacity of 3,915.34 BTC LQwD has released two more nodes on the Lightning Network, creating a network reach that includes Canada, South Korea, US, Ireland, India, Germany, Singapore, Sweden, Indonesia, Italy, France, and England The company has appointed Peter Loretto to the board to replace Dean Sutton LQwD is a part of Visa's Fintech Fast Track program, leveraging Visa's services for global reach and capabilities The cryptocurrency market was valued at US $1.6 billion in 2021 and is expected to grow to…

MondayJun 06, 2022 12:45 pm

City of Reno Unveils First City-Operated Blockchain Platform

The City of Reno in Nevada has made history as the first city in the United States to create and run a blockchain platform focused on addressing the needs of the residents. That platform has been dubbed the Biggest Little Blockchain. Speaking at an event to unveil the platform, Reno mayor Hillary Schieve revealed that she was excited because this technology showcases how useful blockchain technology can be for the residents of Reno. She added that the residents deserved accountability and transparency from their leaders, and this project gives the residents an opportunity to access information easily. The platform, which…