Category: Blockchain

How can the synergy of AI and blockchain disrupt the music industry?

The synergy of AI and blockchain can revolutionize the music industry by enhancing artists’ creative capabilities while preserving transparency and fair revenue distribution among creators.  AI is increasingly being used as a tool for creating new songs or imitating existing music content.  That is why distinguishing human-generated music from AI-generated content is becoming increasingly difficult.  Moreover, AI content is often trained on pre-existing content mostly without its original creators’ knowledge or consent, creating a number of ethical and legal issues, for which there are no clear-cut solutions currently given the rapid…

11 benefits blockchain explorers offer both individuals and companies

Even those who aren’t steeped in the finance industry can probably call up a visual image of an old-school stock ticker, generating lengths of white tape to help investors stay on top of stock market transactions and developments. Today, these have been supplanted by up-to-the-moment digital trackers. In similar fashion, the crypto industry has blockchain explorers, which offer users real-time tracking of not only their own transactions, but also everything happening on the blockchain. Providing invaluable information for both individuals and companies, blockchain explorers bolster insiders’ argument that cryptocurrencies can…

Paxos Report: Is Blockchain The Next Step For Global Remittances?

The age of digital currencies and blockchain technology is upon us, with an increasing number of institutions advocating for their widespread adoption. At the forefront of this conversation is Paxos Trust Company, the New York-based stablecoin titan. In a recent announcement, the firm strongly contended that blockchain technology could fundamentally reshape the global remittance landscape, streamlining the flow of funds and bolstering economies worldwide. Blockchain-powered remittance platforms are aiming to transform this industry with security and transparency, cost efficiency and speed and accessibility. Read more about the ways blockchain can…

Coinbase’s Viral Blockchain App, Friend.tech, Keeps Focus on Underlying OP Stack Technology

PRICE OF POPULARITY: Coinbase, the big U.S. crypto exchange, is getting a fast education, as one of the first big publicly traded companies to run its own blockchain. Its new Base project, a layer-2 network atop Ethereum, just launched this month, and already one of its new applications, Friend.tech, has gone viral, quickly attracting more than 100,000 users and generating more than $25 million in fees. Friend.tech, which allows users to purchase shares of X (Twitter) influencers, saw a rapid spike in activity (see chart above) after announcing on Aug. 18…

Crypto Nightmare: SIM Swap Attack Robs Blockchain Capital Founder Of $6.3 Million

Bart Stephens, the co-founder of Blockchain Capital, a prominent venture fund specializing in cryptocurrency investments, has reportedly fallen victim to an alleged SIM swap hack that cost him a staggering loss of $6.3 million worth of digital assets.  This incident sheds light on the growing menace of SIM swap attacks, which the Federal Bureau of Investigation warned about in 2022. These attacks target individuals with substantial cryptocurrency holdings and have surged in frequency, with the FBI estimating a loss of $72 million to this tactic last year, marking a rise…

Why the choice of the blockchain matters for NFT collections

One of the fundamentals of launching an NFT collection is choosing where you’ll mint it to reach the moon. If everyone is choosing the Ethereum and Solana blockchain to mint their collection, does it mean it’s good for your collection too? Sometimes, less saturated blockchains like Ripple, Tezos and Polygon can turn out to be a blue ocean for your collections.  I’ve sold a client’s collection on Ripple. There are many other examples of brands that made their grand foray into less saturated chains. For example, McLaren did two successful…

Convergence of AI and blockchain: Unlocking new possibilities

Let’s do a simple exercise, shall we? Try to imagine a world where innovations in banking, finance, power, medical services and social media are the best they have ever been. One where these industries and several others are powered entirely by unbreakable, difficult-to-hack-or-crack streams of data.  A world where this kind of superpowered data is run by powerful algorithms, and is capable of learning, updating and improving itself. Do you think such a world is possible? It might be closer than you think. Over the last decade, AI and blockchain have…

OpenSea Will No Longer Support NFTs Minted On This Blockchain

In November last year, NFT marketplace Opensea announced that the Binance Smart Chain Chain (BSC) was one of the several blockchains it was adding support for. However, that collaboration seems to be ending less than a year after. OpenSea To End Support For BSC NFTs In an announcement on the X (formerly Twitter) platform on August 17, the NFT marketplace stated that users would no longer be able to list or buy NFTs minted on the BSC chain. However, users “will still be able to view, discover, and transfer BSC…

IBM blockchain and AI expert says ChatGPT poses several ‘key risks’ for enterprise use

IBM vice president and chief technology officer of IBM Automation, Jerry Cuomo, recently published a blog post laying out what he claims are several risks associated with using ChatGPT for enterprise.  There are several key risk areas, according to the blog post, that businesses should consider before operating ChatGPT. Ultimately, however, Cuomo concludes that only non-sensitive data is safe with ChatGPT: “Once your data enters ChatGPT,” writes Cuomo, “you have no control or knowledge of how it is being used.” Per the post, this type of unintentional data leakage could…