Category: Blockchain

Blockchain Victory: US Congress Committee Unanimously Approves Pioneering Legislation

In a significant move towards embracing blockchain technology, the United States Congress Committee on Energy and Commerce recently achieved a milestone by unanimously passing the Deploying American Blockchains Act of 2023. The bill voted in favor with a 46-0 majority, was part of a comprehensive session tackling 44 pieces of legislation.  Secretary Of Commerce Develops Guidelines For Implementation The primary objective of the legislation is to empower the Secretary of Commerce to take essential and appropriate actions that promote the United States’ competitiveness in the realm of the nascent technology.  Under the…

Blockchain projects make push to decentralize climate markets

As the 2023 United Nations Climate Change Conference (COP28) takes place in Dubai, United Arab Emirates, many projects participated in the climate action effort by launching blockchain-powered initiatives. From Nov. 30 to Dec. 12, diplomats and leaders from across the globe are gathering at Dubai’s Expo City to advance initiatives in climate action. Among those who participated in the event were blockchain projects, which believe that blockchain technology has the power to contribute to the climate action effort. From trying to transform waste management to tracking carbon emissions using blockchain…

House Committee passes bill to ‘preserve U.S. leadership’ in blockchain

A United States House Committee has unanimously passed a pro-blockchain bill, which would task the U.S. commerce secretary to promote blockchain deployment and thus potentially increase the country’s use of blockchain technology. On Dec. 5, the House Committee on Energy and Commerce voted 46-0 to pass H.R. 6572, the Deploying American Blockchains Act of 2023, in a session aiming to clear 44 pieces of legislation. The 13-page blockchain bill would direct Secretary of Commerce Gina Raimondo to “take actions necessary and appropriate to promote the competitiveness of the United States…

Michael Jackson on the blockchain, Web3 gaming trends in 2024: Nifty Newsletter

In this week’s newsletter, read about how Michael Jackson’s first recording is coming to the blockchain and why the nonfungible token (NFT) lending protocol ParaSpace was rebranded to Parallel Finance. Check out how the Rarible ecosystem is furthering its commitment to royalty enforcement, and find out what executives working in the gaming industry think about the future of blockchain gaming in 2024.  Michael Jackson’s first-ever studio demo to be released on blockchain An NFT of a track titled “Big Boy (One-Derful Version),” by Michael Jackson, will hit the blockchain through…

Game studios quietly integrate blockchain without the buzzword

Cointelegraph was on the ground during the second edition of the Madeira Blockchain 2023, held between Nov. 30 and Dec. 1. The event featured regional Web3 developments, as well as how the Portuguese islands are looking for startups and tech talent to grow their economy in the digital age. During a roundtable discussion at the conference, studios working on blockchain features discussed the challenges associated with integrating the technology into games, including acceptance from game developers, players and publishers. Redcatpig is a Web3 studio engaged in developing blockchain features, but…

Execs weigh in on blockchain gaming future

As Web3 gaming showed resilience despite the crypto bear market, professionals working in the space predict that the next year will be more eventful for the blockchain gaming niche.  Henry Chang, the CEO of the South Korean game development company Wemade, believes that there will be an increase in blockchain-based games released in 2024. Chang told Cointelegraph in a statement that there will be more complex applications of Web3 within games. Chang said: “As developers gain experience and confidence, we should also see greater experimentation and sophisticated use of blockchain…

Bitcoin Ordinals could be stopped if blockchain bug is patched, claims dev

A bug fix on the Bitcoin network could put a stop to new Bitcoin Ordinals and BRC-20 tokens as they’re causing network congestion by “exploiting a vulnerability,” claims a Bitcoin Core developer. In a Dec. 6 X (Twitter) post, developer Luke Dashjr said inscriptions — used by Ordinals and BRC-20 creators to embed data on satoshi’s — exploit a Bitcoin Core vulnerability to “spam the blockchain.” He explained the Bitcoin Core code has allowed users to set limits on the size of extra data in transactions since 2013, but “by…

Circle and Stanford’s Joint Effort: A Leap Forward in Blockchain Security?

In a significant advancement for blockchain, Circle Research, in collaboration with Stanford’s Applied Cryptography Group, has unveiled two groundbreaking open-source projects. According to the official announcement, these initiatives address the persistent challenges of on-chain theft and the limitations of current blockchain-based financial systems. The Future of Safer On-Chain Transactions? Jeremy Allaire, CEO of Circle, announced the launch of these projects, highlighting their potential to “revolutionize” the security and versatility of blockchain transactions. From 2021 to 2023, nearly $10 billion was lost to illicit theft and attacks on blockchain platforms. 2023…

Web3 Attribution Platform Spindl Teams Up With AppsFlyer to Improve Blockchain Gaming Analytics

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