Category: Blockchain

Saudi Arabia looks to blockchain gaming and Web3 to diversify economy

Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030.  In a bid to diversify its economy away from a dependence on oil, the kingdom has embraced emerging technologies, such as blockchain and artificial intelligence (AI), and tapped into booming markets like gaming. But while the country has yet to leave a significant mark in the global game and AI development, the ripples of its investments in the gaming sector could extend far beyond — at least, that’s what Web3 experts say. “Based on our…

Ripple XRP Expands European Presence with University Blockchain Research Initiative

Ripple, a prominent player in the blockchain and crypto sector, has announced the expansion of its University Blockchain and Research Initiative (UBRI) in Europe. The initiative, recognized globally for its contributions to academic blockchain and crypto research, aims to nurture the upcoming generation of leaders in this domain. UBRI has incorporated four new European universities into its program. These include Trinity College Dublin (Ireland), EPITA (France), IE University (Spain), and University of Trento (Italy). These institutions are set to bolster blockchain education and research throughout Europe. Since its establishment in…

Blockchain could have prevented Nigeria’s naira scarcity — Local experts

Blockchain technology can help solve economic problems in Nigeria and throughout the African continent, according to a group of local blockchain experts who cited Nigeria’s currency flow shortage as a case study. At the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the nation’s capital, stakeholders discussed the decision by the past government to mint new naira notes and Nigeria’s recent efforts to increase its Central Bank Digital Currency (CBDC) adoption which all led to a shortage in the flow of naira at…

Ant Group launches a new blockchain brand for Web3 developers

Ant Group, the owner of the world’s largest mobile payment platform Alipay, revealed its new sub-brand under the name ZAN. The brand will focus on blockchain development and services for both institutional and individual Web3 developers.  The official press release, published on Sept. 8, cites a wide scope of technical products and services, which ZAN will offer to its clients. It starts with a solution to help Web3 companies issue and manage real-world assets (RWAs) in compliance with local regulatory requirements. Then it covers a series of technical products, including…

Africa’s blockchain journey begins with poverty alleviation

There has been a resounding call for Nigeria, and Africa in general, to incorporate blockchain technology into its mainstream living. However, during a fireside chat involving stakeholders in the Nigerian blockchain community, it was noted that poverty has to be conquered first before blockchain technology can be properly incorporated into African society. At the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the nation’s capital, GT Igwe Chrisent, the CEO of Sumotrust & Truzact, an online savings and investment platform stated that hunger…

Blockchain firm files notice of appeal against SEC

Blockchain-based file-sharing and payment network LBRY may be reversing course on an earlier decision to wind down, filing a notice of appeal against a federal judge ruling in July that sided with the Securities and Exchange Commission. On Sept. 7, LBRY filed a notice of appeal to the United States Court of Appeals for the First Circuit, seeking to appeal the final judgment entered on July 11, 2023, where LBRY was ordered to pay a civil penalty and barred from participating in unregistered offerings of crypto asset securities in the…

Solana Announces Hyperdrive Hackathon | Blockchain News

Solana, a leading blockchain platform, unveiled its latest initiative, Hyperdrive, in a series of tweets on September 6, 2023. The event is described as an engineering and business competition where teams can transform an idea into a fully operational project within a span of five weeks. Key Highlights Grand Prize & Speciality Prizes: Solana has partnered with various entities for specialty prizes in categories such as Mobile Apps by MagicEden, Finance/Payments by Helio Pay, AI by UXD Protocol, DePIN by ionet official, Crypto Infrastructure by Ironforge Cloud, Gaming by Phantom,…

Enterprise blockchain, Bitcoin staking and Web3 pique investors’ interest

The sharp increase in global interest rates may have limited investors’ appetite for crypto ventures, but new projects are still flourishing and attracting capital to speed up growth. Data from the Cointelegraph Research Venture Capital Database shows June closed out with a 29.73% decrease in venture capital investments, with just $779.32 million secured in 62 deals, compared to June 2022. However, the overall trend for the year shows a rise in venture capital deals. Cointelegraph’s VC roundup highlights the latest projects striving in this complex and competitive environment. Orbital raises…