Day: April 19, 2022

Four years on, Telegram’s blockchain project gains ground in Africa

It was 2018 when privacy-focused messaging platform Telegram announced that it was in the process of building a blockchain-based decentralized computer network technology called The Open Network (TON).  However, following a lengthy litigation battle that lasted until May 2020 with the United States Securities and Exchange Commission over its $1.7 billion initial coin offering (ICO), Telegram had to sever its ties with the project, leading many to believe that TON was done for. That said, far from everyone’s expectations, the TON project seems to have found a new lease on…

Blockchain and oracles can help clean energy transition, study claims

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New dynamics in the energy sector are compelling providers to shift to sustainable and clean energy to combat climate change. While many challenges accompany the clean energy transition, a report claims that blockchain has the potential to help the industry achieve its climate action goals.  The report, titled “Managing Climate Change in the Energy Industry With Blockchains and Oracles,” was conducted by Tecnalia Research and Chainlink Labs. It outlines how blockchain features like tokenization, hybrid smart contracts, and blockchain oracles can be applied to the energy sector to manage climate…

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Indian minister wants global crypto rules to curtail money laundering risk

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Indian Finance Minister Nirmala Sitharaman in her address to the International Monetary Fund called for a global cryptocurrency framework to keep a check on the use of cryptocurrencies for illicit activities. LIVE NOW: A panel discussion on the policy challenges and opportunities of #DigitalMoney to the international monetary system. #CBDC https://t.co/JznM8apoGt — IMFLive (@IMFLive) April 18, 2022 Sithraman’s comments came during the “Money at a Crossroad” panel discussion of the International Monetary Fund (IMF), and the World Bank in Washington on Monday. The panel discussion also featured Kristalina Georgieva, managing…

Why Crypto Casinos Are Your Best Choice For Online Gambling

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The crypto industry has great value for users and industries often cast aside by traditional financial institutions. Online gaming is one of the best sectors to bridge the power of blockchain technology with players looking to benefit from a more secure, fairer, and transparent system. Online casinos supported by cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and others, have opened the door for these platforms to provide their users with greater anonymity than their legacy counterparts. A crypto casino can operate without demanding your financial information. Users are empowered as they…

Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method – Bitcoin News

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Real estate investments are booming in Spain and Europe, as investors are exiting riskier investment avenues in favor of safer options. According to sources from the real estate world, the interest in these instruments has grown 400% since November, with people purchasing homes without even having set foot in them. Some are even using crypto as a payment method. Real Estate in, Crypto and Stocks out in Spain The real estate market has been growing since last year in Spain and Europe, due to the rising inflation costs…

Ethereum Foundation Holds $1.3B in Ether, $300M in Non-Crypto Investments

Almost $1.29 billion was held in ether, the world’s second-largest cryptocurrency by market capitalization. That represented over 0.297% of the total ether supply as of March 31. Some $11 million was held in other cryptocurrencies. The treasury also included about $300 million in non-crypto investments. The foundation did not return requests for details on the makeup of these assets at writing time. “We also increase our non-crypto savings in response to rising ETH prices,” the foundation said in the report. “(This) provides a greater safety margin for our core budget…