Category: Blockchain

Bitcoiners pitch draft bill to preserve blockchain, decentralization in Argentina

Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust. The proposed legal framework was pitched by Bitcoin Argentina’s president Ricardo Mihura at LABITCONF 2023 in Argentina’s capital, Buenos Aires on Nov. 10. Bitcoin Argentina previously dismissed the idea that the industry needed to be regulated. However, the Bitcoin advocates now argue it is necessary to not only preserve blockchain but also hold bad actors accountable to the fullest extent of the law. “We have always…

Why the service industry needs blockchain, explained

The need for blockchain technology in the service industry Blockchain technology has the potential to completely transform the services sector by improving efficiency, security and transparency.  Blockchain technology reduces the risk of fraud and errors in industries, including supply chain management, healthcare, and media and entertainment, by ensuring tamper-proof record-keeping through decentralized ledgers.  Blockchain-based smart contracts, or self-executing contracts, automate work and lessen the need for intermediaries to manage legal and real estate services operations. Additionally, blockchain enables safe and quick transactions in the hospitality industry, facilitating easy international payments…

JPMorgan rolls out programmable payments for institutional blockchain platform JPM Coin

Multinational banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its private blockchain platform JPM Coin. Naveen Mallela, who heads up JP Morgan’s bank-led blockchain platform Onyx, shared details of the new functionality on LinkedIn via an initial report from Bloomberg. According to Mallela, the programmable payments feature is now available to all its institutional clients. The capability is said to enable real-time, programmable treasury functionality and new digital business models. Mallela hailed the launch as a significant milestone in the evolution of JPM Coin and described…

Institute for blockchain and crypto research opens in France

On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris.  The Institute will support and conduct research related to blockchain technology and cryptocurrencies. Its scientific board includes 11 experts from major French educational institutions, such as the National Center for Scientific Research (CNRS) and École polytechnique. A committee of 6 practitioners, including co-founder of Ledger, Nicolas Bacca, and founder of the crypto exchange Paymium, Pierre Noizat, will also oversee the work of the Institute.…

Lightspeed Faction Unveils $285M Fund for Blockchain Innovation

Lightspeed Faction, a leading venture capital firm with a focus on blockchain, has announced the launch of a $285 million venture fund, according to PR Newswire. This fund is earmarked for early-stage blockchain projects, signaling a significant commitment to advancing crypto technologies. The newly established fund by Lightspeed Faction is poised to play a pivotal role in the blockchain sector. It aims to invest primarily in early-stage projects, offering not only financial backing but also expert guidance in areas such as tokenomics and business scaling. This initiative comes at a…

US Congress Proposes Bill to Restrict Government Interactions with Foreign Adversarial Blockchain Networks

On November 8, 2023, the United States Congress witnessed the introduction of a significant piece of legislation – H.R.6307. Sponsored by Representative Zachary Nunn [R-IA-3], this bill aims to defend against the economic and national security risks posed by foreign adversarial blockchain networks. The bill has been referred to several key committees, including the House Foreign Affairs, Financial Services, and Intelligence (Permanent Select), for comprehensive consideration. Central to the bill’s purpose is the prohibition of U.S. government personnel from engaging in business with blockchain companies based in China. This move…

U.S. lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain

U.S. Representatives Zach Nunn and Abigail Spanberger have jointly introduced the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act. The legislation aims to prohibit federal government officials from conducting business with Chinese blockchain companies. The Act would ban government employees from using the underlying networks of Chinese blockchain or cryptocurrency trading platforms. Furthermore, it would explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether. In addition to iFinex, the CLARITY Act would prohibit officials from conducting transactions with The Spartan Network,…

What is HyperWrite AI? | Blockchain News

Introduction HyperWrite AI is a cutting-edge AI-powered writing assistant that has emerged as a significant player in the realm of digital writing tools. It leverages advanced artificial intelligence to enhance writing efficiency and creativity, catering to a wide range of writing needs, from professional content creation to casual email composition. HyperWrite AI was developed to address common challenges faced by writers, such as writer’s block, time constraints, and the need for high-quality, error-free content. Utilizing the latest advancements in natural language processing and machine learning, HyperWrite AI aims to streamline…