Category: Blockchain

Blockchain gaming sees $2.3B in investments year-to-date: Report

Blockchain gaming projects have seen $2.3 billion in investments in 2023, with the third quarter getting $600 million despite crypto market prices seemingly being in a bearish mood all year.  According to a report from the decentralized applications (DApp) tracking platform DappRadar, the first quarter of 2023 netted $739 million in investments, while the second and third quarters saw $973 million and $600 million, respectively. This shows that the blockchain gaming sector attracted a total of $2.3 billion in investments in the first three quarters of 2023. Investments in blockchain…

FTX’s $477 Million Heist: A Trail of Blockchain Clues Unearthed

In the shrouded realm of blockchain, the FTX hack that transpired on November 11, 2022, stands as a glaring testament to the cryptic trails a nefarious act can leave behind. The Bahamas-based cryptocurrency exchange, FTX, fell prey to an unidentified hacker who made off with a staggering $477 million, plunging the exchange into bankruptcy. The maleficent actor was quick to take to the shadows, embarking on a quest to launder the stolen assets through a maze of decentralized exchanges (DEXs), cross-chain bridges, and mixers. The pilfered assets witnessed a loss…

Indonesia to conduct blockchain trials for public services

Following the launch of its government-backed crypto exchange, the Southeast Asian country of Indonesia is becoming a budding crypto hub that aims to be one of the leaders in Web3 technology, according to Indonesian blockchain and metaverse executives. At the recent Blockchain Economy Summit in Dubai, Cointelegraph spoke with Grace Sabandar, co-founder of the Indonesia Blockchain and Metaverse Center (IBMC), and Tuhu Nugraha, the principal of the Indonesia Applied Digital Economy and Regulatory Network (IADERN). The executives spoke on the state of digital assets, blockchain and metaverse adoption in Indonesia.…

WEMIX and Mirana Ventures Fuel Chinese Blockchain Gaming with $30M Fund

In a concerted move to bolster the blockchain gaming sphere in China, Singapore-based WEMIX PTE. LTD., a subsidiary of WEMADE, has strategically invested in five Chinese game developers, according to GlobeNewswire. This investment was channeled through a specialized blockchain gaming fund, established in collaboration with Mirana Ventures, on October 11, 2023. The fund, valued at $30 million, is a joint initiative with Mirana Ventures, an investment arm of the global digital asset exchange, Bybit. Financial Allocation and Future Endeavors A notable portion, $6.4 million to be precise, of the $30 million…

How BlackRock Used Crypto To Complete Deal On JP Morgan’s Blockchain

Per a report from Bloomberg, the world’s largest asset manager, BlackRock, achieved a new milestone in its crypto roadmap. The company has been working on new ways to integrate with blockchain technology and thus has partnered with other financial institutions. BlackRock Takes Another Step In The Crypto Space According to the report, BlackRock completed a transaction on the derivatives market using Onyx, the blockchain platform developed by JP Morgan. The transaction “used tokenized collateral,” or digital versions of shares from one of the asset manager’s funds. The asset manager used…

How Blockchain-Based Digital Wallets Transform Finance and More

Today, individuals, many small and medium enterprises as well as institutions operate across a fragmented set of financial accounts that each require separate types of paper-based documentation (often stored in electronic form). For individuals, this includes checking and savings accounts that deal with the entity’s cash; brokerage and investment accounts that deal with retirement, education, healthcare and more; liability accounts that deal with mortgages, loans, lines of credit or credit cards; and a significant number of accounts that relate to the individual’s assets, valuables and collectibles including special documents such…

9 factors to consider when choosing a blockchain consensus mechanism

With great power — and decentralization — comes great responsibility. Creators of a blockchain project have many decisions to make, among them which consensus mechanism to employ. As with so much in crypto, there’s no singular “industrywide” solution or preference, and there are multiple details to review when making the choice. While security and reliability are always top priorities, forward-looking blockchain projects must take both project-specific details and evolving trends into consideration before making a final decision. Below, nine members of Cointelegraph Innovation Circle discuss factors a blockchain project should…

Flow Blockchain Proposes Full EVM Equivalence to Enhance Composability and Usability

Flow blockchain, under the aegis of Dieter Shirley, co-creator of CryptoKitties and Chief Architect of Flow, has floated a proposal to integrate Ethereum Virtual Machine (EVM) on its platform, aiming for full EVM equivalence. This move is designed to bridge the existing Ethereum dApp ecosystem with Flow’s unique capabilities, offering a seamless transition for developers and users alike. Flow has been engineered for large-scale decentralized applications, introducing a novel multirole architecture and its own smart contract language, Cadence. Despite the advantages Cadence offers, developers have faced hurdles leveraging existing Ethereum-based…

Shift Towards Holding Long-Term; 68.5% of Total Circulating Bitcoin Supply Remains Untouched – 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).  Analysing BTC supply, approximately 68.5% of the total circulating supply has remained untouched for at least one year, nearing its highest level. Additionally, BTC’s hashrate, indicating the computational power on the blockchain network, has reached an all-time high on a 7-day moving average. These statistics underscore Bitcoin’s resilience. Long-term holders are increasing in number, reflecting a shift toward holding the asset for longer-term appreciation rather than speculative purposes. Simultaneously, the heightened competition among miners, despite an…

What is finality in blockchain, and why does it matter?

Understanding finality in blockchain Finality in blockchain refers to the unchangeable confirmation of a transaction or a block of transactions. In conventional financial systems, once a transaction is confirmed, it cannot be undone. Similarly, attaining finality on a blockchain network ensures that a transaction is permanent and cannot be modified after it has been added to the blockchain. For the blockchain to be secure and authentic, this concept is crucial. Finality is attained by the blockchain network’s use of consensus. Different blockchain networks employ various consensus algorithms, each with a…