Category: Blockchain

The Future of the Internet – Blockchain News, Opinion, TV and Jobs

The internet has undergone two major transformations since its inception. The first was the transition from a read-only web to a read-write web, enabled by the development of HTML and HTTP. The second was the transition to a web that is increasingly personalized and centralized, enabled by the rise of social media and big tech companies. Now, a third transformation is underway: the transition to Web3, a decentralized and open internet that is powered by blockchain technology. Web3 promises to give users more control over their data…

Ankr to Introduce Sei Blockchain RPC Connection

Ankr has revealed plans to augment its RPC service by integrating with the Sei blockchain. This development aims to facilitate developers keen on leveraging the Sei platform for the creation of swift and scalable decentralized applications (dApps). The integration will enable users to access both Sei Public and Premium RPCs, allowing them to make request calls and receive responses akin to those from a Sei full node. Sei’s Position in the Blockchain Space Sei aspires to lead as the swiftest layer-1 blockchain, a feat achieved through its “Twin-Turbo” consensus mechanism.…

Blockchain active users can be misleading metric: Crypto data scientist

Active user count can be a misleading metric for measuring the state of a crypto ecosystem as a small group of users can generate a significant portion of activity across multiple wallets, argues the co-founder of a blockchain analytics provider. 0xScope’s co-founder and chief data scientist, Philip Torres, told Cointelegraph amid the Bitget EmpowerX Summit that between monopolistic founding entities, bots, exploiters and airdrop hunters — as much as 80% of blockchain activity can be generated by just a small number of entities — despite looking healthy on the outside.…

Market Awaits News on Inflation and Crypto ETFs – Blockchain News, Opinion, TV and Jobs

By Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ).  Bitcoin (BTC) closed last week around $25,850, a 0.5% decrease in price from its previous week’s closing price of $26,000. The market keeps following the trend of low volumes and volatility observed in this Q3. In the last 11 weeks, the BTC price fluctuated by less than 0.75% in 8 weeks. Low volatility is confirmed looking at the annualised volatility of BTC on a 30-day basis, which remains at one of the lowest levels ever recorded,…

Fabian Vogesteller’s Lukso Blockchain Adds ‘Universal Profiles,’ in Push for ‘Fancy’ Ethereum

Currently, the most common type of blockchain accounts, known as Externally Owned Accounts (EOA), have limited recovery options; if a user loses their private key, their crypto holdings are lost forever. EOA accounts also can’t attach information that could be read by other smart contracts, and transaction fees cannot be paid by other parties as well on an EOA, meaning the user is in charge of providing fees for gas. Source link

Eureka Entertainment and Astar Network Collaborate for “CoinMusme” Blockchain Game Development

Eureka Entertainment Ltd., led by CEO Takuya Tsuji, has officially declared a collaboration with Stake Technologies Pte. Ltd., under the leadership of CEO Sota Watanabe. The partnership aims to further the development of the blockchain game “CoinMusme.” A significant highlight of this collaboration is the introduction of a new character, “Astar.” To commemorate the introduction of “Astar,” a special event is in the pipeline. Eureka Entertainment is set to distribute 100 exclusive NFTs to a select group of fortunate users. Those interested in participating in the giveaway need to follow…

Nasdaq-listed Northern Trust Boosts Digital Carbon Credit with Blockchain

Northern Trust (Nasdaq: NTRS) has unveiled its pioneering digital platform tailored for institutional voluntary carbon credit transactions. This initiative, deeply rooted in private ledger digital blockchain technology, is poised to revolutionize the carbon credit market. By bridging the gap between institutional buyers and project developers, Northern Trust aims to streamline and digitize the traditionally complex carbon credit transaction process. For years, the carbon credit market has played an important role in combating global climate change, enabling companies to counterbalance their carbon footprints by funding eco-friendly initiatives. Yet, this market has…

Blockchain could authenticate AI as crypto racks up court victories: Rep. Emmer

Blockchain could be used to authenticate the real from what is generated by artificial intelligence, Congressman Tom Emmer suggested Sept. 11 at the Permissionless II conference. That would combine nicely with other progress being seen in United States cryptocurrency policy, he said. Speaking on a panel, Emmer began on a cautious note, saying the recent Ripple and Grayscale wins in court are still subject to appeal. But an upcoming United States Supreme Court ruling “is going to perhaps […] put a stake into the heart of the administrative state.” Emmer…

Avalanche’s HyperSDK blockchain upgrade hits 143K TPS on testnet

Smart contract layer-1 blockchain network Avalanche’s testnet has reportedly hit over 140,000 transactions per second during testing of its HyperSDK blockchain upgrade. Avalanche is currently testing a framework for building high-performance Virtual Machines (VMs) from scratch on the network. According to Ava Labs, HyperSDK is structured so that developers can “plug into a lightning-fast execution environment without writing massive amounts of code from scratch.” This enables the simplification and acceleration of custom VM development, making it easier for developers to launch optimized blockchains. HyperSDK reached a whopping 143,322 transactions per…

Blockchain Association responds to US lawmakers’ request for crypto tax guidance

The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted suggestions for lawmakers to consider in potential legislation on the tax treatment of digital assets. In a Sept. 8 letter to U.S. Senators Ron Wyden and Mike Crapo, the Blockchain Association said lawmakers should support the Keep Innovation in America Act, a bill aimed at changing the reporting requirements for certain taxpayers involved in crypto transactions. According to the advocacy group, any legislation introduced in Congress should “create symmetry” between taxation of crypto and non-crypto assets, as well as…