Day: February 27, 2023

Tech companies enter agreement for ‘Japan Metaverse Economic Zone’

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Interest in the metaverse is accelerating at a global rate, with countries all over the world joining in the rush to get involved. In Japan, a country often associated with its legacy technology sector, a group of well-known tech companies entered into an agreement on Feb. 27 to forward the creation of the “Japan Metaverse Economic Zone.” Along with creating the Japan Metaverse Economic Zone, the agreement’s focus is on building an open metaverse infrastructure called “Ryugukoku,” which will spark the next wave of metaverse development. This open metaverse infrastructure…

Ceffu (Formerly Binance Custody) to be Custodian of Flynt Finance for Enhanced Asset Security and Off-Exchange Settlement – Press release Bitcoin News

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press release PRESS RELEASE. Flynt Finance, a cryptocurrency portfolio management platform, has announced a partnership with Ceffu, formerly known as Binance Custody, to provide its clients with enhanced asset storage security and access to its off-exchange settlement solution, Mirror. Ceffu is an institutional custodian that offers secure custody and liquidity solutions. With this partnership, Flynt Finance’s clients will benefit from Ceffu’s secure cold storage solutions, which are designed to protect against theft, loss, and other risks associated with the storage of digital assets. Flynt Finance’s automated strategies, including its covered…

Trezor to produce chips for hardware wallets to shorten supply cycle

Hardware wallet manufacturer Trezor is accelerating the production of new Trezor wallets by producing its own wallet silicon chips. Trezor officially announced on Feb. 27 that the firm will start facilitating the production of its own key component, the chip wrapper, in its flagship product, Trezor Model T. The move aims to significantly optimize Trezor wallets’ production, reducing lead times in the supply cycle from two years to several months. The optimization will also eliminate delays in shipping finished products and protect consumers from exposure to price fluctuations based on…

Tencent Wants to Develop AI-Backed Product Similar to ChatGPT

According to people familiar with the matter at Tencent, the company has set up a development team to work on a new project. Chinese conglomerate company Tencent Holdings has joined the growing list of companies working to develop a similar AI tool like ChatGPT. The Microsoft-backed ChatGPT has gained massive attention since its rollout and made several headlines. Since its launch, many tech giants have announced plans to develop a similar tool. As for the chatbot ChatGPT, an AI-backed tool, came with full force to cause a significant landmark in…

Gaming Is All About Experience and Amalgamation with Blockchain Enhances That, Says Bluzelle’s Pavel Bains

Pavel Bains believes that the best way to onboard mass users to blockchain gaming is to start small and grow organically. Gaming has always been a popular pastime, and with the advent of blockchain technology, it has become even more immersive and engaging. According to Pavel Bains, co-founder of Bluzelle and a seasoned gaming industry veteran, the amalgamation of gaming and blockchain technology has enhanced the overall gaming experience. Bains has worked with some of the biggest gaming giants, like Disney Interactive and Electronic Arts, and his experience in the…

Bitcoin Halving Predicted to Take Place in 2024, Here’s What to Expect

Bitcoin halving is one of the most important events in the cryptocurrency market. Anticipation appears to be in full swing for the next Bitcoin halving, which is estimated to happen sometime in March 2024, per Bitdegree data. Although the exact date cannot be predicted, past Bitcoin halvings usually take 4 years or thereabout to happen. But there’s more that informs the prediction than just the last halving. Since Bitcoin was first created and launched in 2009, there have only been three halving events. The first BTC halving took place on…

Huawei Cloud Launches Metaverse and Web3 Initiative to Foster Blockchain Adoption in Asian Region

Huawei Cloud partnered with Polygon, Deepbrain Chain, and others to bring its metaverse-inspired agenda to fruition.  Huawei Cloud recently launched the Metaverse and Web3 Alliance to further the adoption of decentralized technology in East Asia. The cloud arm of the Chinese multinational tech corporation partnered with several blockchain players to bring this initiative to fruition. These partners include BlockChain Solutions, Deepbrain Chain, Morpheus Labs, and Polygon, with many more expected down the line. The latest Huawei Cloud metaverse initiative also reflects other blockchain-centric projects ongoing in the Asia-Pacific region. Furthermore, this initiative also came…