Category: Blockchain

Neal Stephenson’s blockchain project holds discovery month as metaverse hype wanes

The blockchain project launched by Neal Stephenson, who coined the term “metaverse” in his 1992 book Snow Crash, is pushing forward with its vision despite the lower interest in the metaverse and some declaring that it’s “dead.”  Compared to its peak in 2021 and 2022, search interest for the metaverse has declined in 2023, according to data from Google Trends. The lowering interest in the metaverse has also led some to declare that the metaverse hype is dead. Global search interest for the keyword “metaverse.” Source: Google Trends Despite the…

BTC Price Surges Despite SEC Delaying Some ETF Decisions – Blockchain News, Opinion, TV and Jobs

Notably, September saw BTC registering a 4% price increase, marking the first September price rise since 2016. This welcome development provided respite for the digital asset market capitalization, following two consecutive negative months in July and August.Bitcoin leads the charge in this upward trajectory, as evidenced by the Bitcoin dominance metric, which measures the relationship between Bitcoin’s market capitalization and the total digital asset market capitalization. Bitcoin dominance rose to 50.4%, up from 49.9% at the end of the previous week, showcasing its relative strength in comparison to the broader…

FTX Japan Launches Blockchain-based Proof of Solvency to Enhance Transparency and Security

In an effort to enhance transparency and bolster the trust of its customers, FTX Japan has unveiled a blockchain-based technology known as Proof of Solvency (PoS). This initiative was announced by Seth Melamed, the COO of FTX Japan, through a series of tweets on September 28, 2023. The newly introduced Proof of Solvency mechanism enables the company to prove, in an unalterable manner, that the reserves of the exchange surpass the assets held in custody for customers. Proof of Solvency (PoS) is a method utilized to demonstrate a company’s capability…

Investors eyes blockchain analytics, gaming and crypto privacy

Crypto startups keep raising capital despite tight liquidity and adverse macroeconomic conditions. September saw major developments in the space, such as Farmville co-creator Amitt Mahajan raising $33 million to create Web3 games, and Animoca Brands disclosing $20 million capital gathered to push forward the development of its Mocaverse platform. In another related development, Blockchain Capital closed two new funds in September, with $580 million to be deployed in crypto gaming and decentralized finance projects in the coming months. Cointelegraph’s VC roundup showcases the latest projects raising capital despite the market’s long…

Brazil Rolls Out National Digital ID Powered By Blockchain

Brazil is at the forefront of a new era in digital identity verification, leveraging blockchain technology to revolutionize their identification systems. This strategic move is driven by the pursuit of enhanced security, efficiency, and streamlined processes for their respective populations. In Brazil, the government has unveiled plans to integrate blockchain technology into its national identity program, with Rio de Janeiro, Goiás, and Paraná taking the lead in this pioneering initiative. Serpro, Brazil’s national data processing service, is spearheading the development of a private blockchain platform that will underpin the revenue…

Blockchain Technology Powers Brazil’s National Identity Card Issuance

Brazil initiates the use of blockchain technology in issuing the National Identity Card (CIN), enhancing the security of the new identity issuance process. The shared registration platform, developed by Serpro, facilitates secure data sharing between the Federal Revenue of Brazil (RFB) and Civil Identification Bodies (OICs). The adoption begins in Goiás, Paraná, and Rio de Janeiro, with a nationwide implementation deadline set for November 6, 2023, as per Decree No. 10,977 of February 23, 2022. Blockchain’s Edge in Security Blockchain technology plays a pivotal role in personal data protection and…

Taking on the Meme Coin Market With a $1 Billion Vision – Blockchain News, Opinion, TV and Jobs

Having already raised $500K in less than 48 hours, Memeinator has already stormed through to stage 3 of its presale, on its relentless mission to redefine the meme coin sector. The project’s grand vision was born from the frustration of seeing relentless false promises and overhyped coins, that were endless parodies of each other replete with nonsensical messaging. These have made investors forget much of the fun and magic that once existed in the meme coin space. With its groundbreaking AI-driven game, blossoming community, and out-of-this-world prize offerings like a…

Buenos Aires to issue blockchain-based digital ID

Buenos Aires, the capital of Argentina, is making a major move toward integrating its bureaucracy with blockchain technology. Starting in October, the city’s 15 million residents can access identity documents via a digital wallet, according to an announcement on Sept. 28.  The first documents to be available on-chain include birth and marriage certificates, along with proof of income and academic verification. The announcement notes that health data and payment management will be integrated in the future, and that a roadmap for rolling out the blockchain-based solution across the country will…

Tottenham Hotspur taps Chiliz blockchain for Web3 fan token

Tottenham Hotspur will become the latest Premier League team to tap into blockchain technology to issue and manage its own Web3 fan token to drive supporter engagement and rewards. Spurs will issue the fan token through Socios.com, the fan engagement platform built on the Chiliz blockchain that has attracted over 80 major sporting teams from different codes around the world. The platform enables teams to issue and manage fan tokens, digital collectibles and real world rewards, while users can participate in DAO-like decisions involving their favourite teams. Related: From cricket to…