Category: Blockchain

OpenChat To Experiment With Facial Recognition In Blockchain

In a bid to elevate the user experience, OpenChat is steering towards a new frontier where conversations are not just exchanges of words, but authentic connections facilitated by advanced technology. The innovative chat application operating on the revolutionary Internet Computer blockchain acknowledges the imperative to authenticate users and deter the proliferation of multiple profiles by launching a cutting-edge facial recognition technology. OpenChat co-founder Matt Grogan emphasizes the app’s goal of attaining “proof of unique humanity.” He acknowledges the simplicity of proving one’s humanity but underscores the greater challenge of verifying…

Public needs to know blockchain use cases, AI needs regulation now — Andrew Yang

Andrew Yang, former candidate for United States president and New York City mayor and founder of the Forward Party, had sobering observations about the uses of blockchain, or its lack of use, in the United States and U.S. regulation of artificial intelligence (AI) when he spoke Nov. 16 at the North American Blockchain Summit (NABS) in Fort Worth, TX. Yang, who described himself as “enormous believer in smart money, smart currencies,” said he saw blockchain and Web3 technology in a sorry state, especially in the United States, which creates the risk…

How On-chain Analytics Bring Transparency to Blockchain and Cryptocurrency Transactions

As managers investing on behalf of clients, we are constantly monitoring on-chain analytics to ensure we are making informed decisions. You can gather a lot of useful, actionable information with on-chain analytics. For example, you can look at unique wallet addresses. If this is growing rapidly it could mean that adoption of the project is picking up. You could also look at wallet activity if there are a lot of transactions, addresses sending crypto back and forth, it could indicate that the project has a meaningful user base and it…

Blockchain ‘Intents’ Growing in Popularity as Crypto Ecosystem Gets Harder to Navigate

Simply defined, an intent is a specific goal a blockchain user wants to accomplish. While no two “intent-centric” systems are the same, they all work similarly: users, be they traders or protocols, submit their intent to a service, and then it is outsourced to a “solver” – it could be a person, or an AI bot, or another protocol – that does whatever it takes to get the job done. Source link

Web3 advocate and author Alex Tapscott on the future of blockchain mass adoption

Web3, blockchain, crypto and mass adoption were major buzzwords in 2021 and 2022, but the public interest in the terms fell to the wayside over the last year as media headlines narrowed their focus to the now defunct FTX exchange and the trial of its founder, Sam Bankman-Fried.  Fast forward to the present, and media headlines are focused on the handful of pending spot Bitcoin ETF applications, Bitcoin’s (BTC) more than 100% year-to-date gain and there is a bit of a revival happening in the NFT markets. Perhaps, Web3 is…

Ethereum-Based Blockchain Kinto Aims to Bring Real-World Assets (RWA) to Decentralized Finance (DeFi) with Fresh Investment

Kinto secured $1.5 million in a pre-seed investment earlier this year from Kyber Capital Crypto, according to a press release on Tuesday. It received another $3.5 million recently in a round led by Kyber Capital Crypto, Spartan Group and Parafi. SkyBridge Capital, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane and Robot Ventures also participated in the round. Source link

Major Bank Predicts Significant Interest Rate Cuts – Blockchain News, Opinion, TV and Jobs

Strategists at UBS Investment Bank are forecasting massive interest rate cuts by the U.S. central bank, and this is seen as bullish for Bitcoin. The decreasing inflation, according to UBS, makes it possible for the U.S. central bank (Federal Reserve) to begin reducing interest rates as early as March. This development is perceived as highly positive for Bitcoin, especially in light of recent economic indicators. US Inflation Broadly Slows, Erasing Bets on More Fed Rate Hikes Recent data reveals a slowdown in U.S. inflation, erasing expectations for further Federal Reserve…

Goldman Sachs leads $95M funding round for blockchain payment firm Fnality — Report

Global investment bank Goldman Sachs and French universal bank BNP Paribas have reportedly led a new funding round for Fnality, a blockchain-based wholesale payments firm backed by Nomura Group. Fnality has raised 77.7 million British pounds ($95.09 million) in a second round of funding, Reuters reported on Nov. 13. In addition to Goldman and BNP Paribas, the fund raise involved participation by settlement houses like Euroclear and Depository Trust and Clearing Corporation. Other investors included the global exchange-traded fund firm WisdomTree and Fnality’s existing investor Nomura. There was also additional…

Evidence of Greater Traditional Finance Participation in Bitcoin – Blockchain News, Opinion, TV and Jobs

Last week, Bitcoin (BTC) closed at around $37,000, up by 5.9% compared to the previous week’s closing value of $35,000. The week showcased robust price action, witnessing BTC’s fluctuations with consecutive daily price increases from Monday to Friday. The highest trading price was observed on Thursday, nearly reaching $38,000. Following this peak, the price experienced a slight dip, stabilizing around $37,000 from Friday until the week’s end. BTC dominance, measuring Bitcoin’s market capitalization against the total digital asset market, decreased for the second consecutive week, settling at approximately 52.3%. This…

Binance Blockchain Week showcases Turkish crypto industry

Binance Blockchain Week Istanbul 2023 saw global crypto exchange Binance bringing its flagship event to Turkey on Nov. 8–9, where business is conducted in the Turkish lira — a top trading pair on its platform.  While Binance CEO Changpeng “CZ” Zhao was absent from the event, the Binance c-suite, along with key executives from a full roster of event sponsors, was more than enough to turn Binance Blockchain Week into one of the most packed Web3 events Istanbul has ever seen. As a city bridging Europe to Asia, Istanbul is…