Day: January 17, 2022

TON Blockchain Aims To Bring True Financial Freedom To The World In 2022

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The TON blockchain created by Telegram co-founder and CEO Pavel Durov is promising big things will happen this year, setting itself a goal that no other blockchain has yet been able to achieve – it’s aiming for nothing less than mass adoption. TON was created by Durov and his brother Nikolai back in 2017. It’s one of the most ambitious blockchain projects of all and all the more so when we consider its tumultuous past. Designed to be vastly superior to Bitcoin and Ethereum in terms of speed and scalability,…

Pakistan’s president calls for more training in blockchain technology

Arif Alvi, currently serving as the president of Pakistan, called for additional training in emerging technologies including blockchain, artificial intelligence, and cybersecurity while meeting with a delegation of blockchain technology experts. In a Monday announcement, Alvi said Pakistan’s talent pool should be ready to meet the needs of the Fourth Industrial Revolution, which included utilizing blockchain technology in the public and private sectors. According to the Pakistan president, the technology could be used as a government tool to track transactions, reduce corruption, and increase transparency. Among the panel of experts…

Crypto.com Suspends Withdrawals Following 'Unauthorized Activity'

Cryptocurrency exchange Crypto.com suspended withdrawals on its platform on Monday following reports from users of “unauthorized activity.” The Hong Kong-based firm announced via Twitter early on Monday that it would be pausing withdrawals shortly while it investigated reports of suspicious activity on users’ accounts. All funds were safe, it said. Several hours later, the exchange issued an update advising users were required to sign back into their accounts and reset their two-factor authentication (2FA). At around 16:00 UTC, CEO Kris Marszalek tweeted that final checks were being made prior to…

Indian Prime Minister Calls for Global Cooperation on Cryptocurrency

Indian Prime Minister Narendra Modi called for global cooperation to tackle the challenges posed by cryptocurrencies. Speaking virtually at the 2022 World Economic Forum’s annual Davos conference, Modi said “Cryptocurrency is an example of the kind of challenges we are facing as a global family with a changing global order. To fight this, every nation, every global agency needs to have collective and synchronized action.” Likening cryptocurrency to supply-chain disruptions, inflation and climate change, Modi said “the kind of technology cryptocurrency is associated with makes decisions taken by one country…

Walmart Trademark Filings Hint at Retailer’s Intent to Produce Metaverse and NFT Concepts – Bitcoin News

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According to a recent report, the American multinational retail corporation that operates a chain of department stores, Walmart Inc., is seemingly prepping to enter the industry of non-fungible token (NFT) technology and metaverse concepts. Walmart USPTO Trademark Filings Are Littered With Descriptions of NFTs, Blockchain Tech, Digital Collectibles, Metaverse, and Virtual Department Store Games On January 16, CNBC contributor Lauren Thomas published a report that says “Walmart is quietly preparing to enter the metaverse.” That’s according to seven filings stemming from the U.S. Patent and Trademark Office (USPTO). The trademark…

OpenSea surpasses $3.5B in monthly Ether trading volume setting new ATH

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With two more weeks left in Jan., NFT marketplace OpenSea has seen its monthly trade volume in Ether (ETH) exceed $3.5 billion for the first time ever. According to data from Dune Analytics, OpenSea has now surpassed the all-time high of $3.42 billion set in Aug. 2021 to establish a new all-time high, surpassing the $3.5 billion mark in Ether trading volume. OpenSea’s record-high volume on Jan. 9, as per Dune Analytics, was $261 million. Thus far in Jan., OpenSea has broken $169 million in trading volume for each day.…

In the Metaverse, Gameplay Is What Matters

Blockchain-based metaverse experiences are a hot topic right now because they combine two of the technology industry’s biggest transformation drivers that have been around for a long time, attracting millions of users and participants — immersive digital experiences and stakeholder-based commerce. Where the newer blockchain-based ecosystems have made a difference is in offering users an ongoing stake in the ecosystem. Yet, that’s very reminiscent of Second Life, another very successful immersive world that came to widespread attention a decade ago and compares to some of the blockbuster experiences that exist…

Pakistan’s Crime Agency to Ask Telecom Authority to Block Crypto Websites: Report

Pakistan’s Federal Investigation Agency (FIA), which investigates serious and organized crime, said it will ask Pakistan Telecommunication Authority (PTA) to block websites dealing in cryptocurrencies, according to a report by Dawn. The proposal is intended to counter fraud and possible money laundering by blocking crypto-linked websites, FIA Director-General Sanaullah Abbasi said at a press conference Saturday after meeting with officials of the State Bank of Pakistan (SBP). SBP has already submitted recommendations for regulating cryptocurrencies, Abbasi said. “Crypto has given a new dimension…