Category: Blockchain

Kenyan lawmakers ask local Blockchain Association to come up with crypto bill

Kenya might become the first country in the world where the industry’s representatives would develop the regulatory framework for crypto. According to the Blockchain Association of Kenya (BAK), The National Assembly’s Departmental Committee on Finance and National Planning has directed it to prepare the first draft of “what could become a virtual asset service provider’s bill.” On Oct. 31, the Committee on Finance and National Planning invited the BAK representatives to discuss the digital assets regulation. BAK’s legal and policy director, Allan Kakai, shared the details behind the meeting with…

Ethereum Under Siege? Investigator Claims Chinese Entities Stealthily Command The Blockchain

Regarding Ethereum, a new concerning chapter has been penned by Truth Labs, a crypto investigation entity renowned for its analysis and exposés. Recent claims by Truth Labs allege a potentially unsettling level of influence held by the Chinese Communist Party (CCP) within the Ethereum network. This influence, according to the investigator, could pose a threat to the decentralized vision that the network champions.  The Wangxian Group’s Alleged Role And Influence Truth Labs has recently turned its attention to Ethereum’s founding history and the actors involved in its early days. The…

Sam Bankman-Fried’s Ongoing Legal Saga Captivates Hollywood’s Interest – Blockchain News, Opinion, TV and Jobs

The conviction of Sam Bankman-Fried, the founder of FTX, who was charged with seven counts of fraud and conspiracy, has now capitvated the interest of Hollywood. The verdict came after a trial that lasted just over a month in federal court in New York City. Bankman-Fried had cheated investors and customers out of over $10 billion through FTX and his cryptocurrency trading firm, Alameda Research. The Charges and Potential Consequences The charges brought against Sam Bankman-Fried carry a maximum prison term of 110 years, as stated by federal prosecutors. The…

How blockchain, AI can help research into extending human life

Blockchain and artificial intelligence (AI) have long been paired to change how people view identity and verification. Between those innovations come data, described by experts as the new oil — extracted, amassed, refined, processed and turned into something useful. While most blockchain and AI use cases are still experimental and success can’t yet be measured, a developing app employs users’ personal data to contribute to research on prolonging human life. Speaking with Cointelegraph at the recent Cardano Summit, Jasmine Smith, chief executive of Web3-based wellness app Rejuve.AI, said that crowdsourcing…

What is metadata in blockchain transactions?

Metadata in blockchain transactions, explained Additional data or information that can be appended to a crypto transaction on a blockchain is referred to as metadata in blockchain transactions. Although the main function of a blockchain is to document and authenticate the transfer of digital assets, including cryptocurrencies like Ether (ETH) or Bitcoin (BTC), metadata enables users to add additional information or context to their transactions.  Metadata is data about data. In the context of blockchain transactions, it includes information that is not directly related to the transfer of cryptocurrency but…

Celestia’s TIA Airdrop Hype Wanes as Blockchain Struggles to Gain Users

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Injective Chooses Kava Native USDT for its Perps Trading – Blockchain News, Opinion, TV and Jobs

Injective, a Cosmos Layer-1 blockchain designed to power next-generation DeFi applications, has selected the Kava Chain’s Native USDT for their Perps trading. The Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos. This collaboration is poised to bring significant benefits to users of both platforms, signaling that this transformative partnership is set to reshape the world of DeFi. The integration of Kava Chain’s capabilities with Injective’s revolutionary DeFi technology is set to offer a host of advantages…

Coin98 Debuts Decentralized App Store on NEAR’s Blockchain Operating System

Coin98, a multichain wallet and decentralized finance (DeFi) platform, has unveiled a decentralized application (dapp) store powered by the NEAR Blockchain Operating System (B.O.S), marking a pivotal move towards providing streamlined access to prominent Layer-2 (L2) ecosystems. This development was disclosed on November 2, 2023, in a press release by the NEAR Foundation. Platform Integration The integration of NEAR’s B.O.S technology in Coin98’s offering enables over 7 million users across 170 countries to interact with a user-friendly dapp store interface. Through this interface, users can effortlessly explore top bridging and…

How Banking Giant HSBC Is Using Blockchain Platform To Change The Gold Trading Game

HSBC Holdings Plc, one of the world’s leading bullion banks, has launched a blockchain-based platform to modernize the traditional and manual processes of the London gold market. The new platform tokenizes ownership of physical gold housed in HSBC’s London vault, offering a digital representation of gold bars for trading. A Modern Twist to Gold Trading: HSBC Tokenizes Physical Gold In an interview, Mark Williamson, the Global Head of FX and Commodities Partnerships and Propositions at HSBC, disclosed that their innovative system employs distributed ledger technology. This “cutting-edge” system uses digital…