Category: Blockchain

HUAWEI CLOUD and COBO Announce Strategic Blockchain Partnership in Asia

HUAWEI CLOUD, the cloud service division of global technology titan Huawei, has officially entered into a “Memorandum of Understanding (MoU)” with COBO, a frontrunner in digital asset custody solutions. This landmark announcement was made during an exclusive, closed-door event. The collaboration between HUAWEI CLOUD and COBO is not just a partnership but a shared vision. Both entities are striving to accelerate the adoption and evolution of blockchain technology across Asia. HUAWEI, with its extensive experience spanning over three decades in ICT infrastructure products and solutions, has always been at the…

Blockchain Gaming Integration Begins: Grand Theft Auto Creator Take-Two Takes The Helm

According to a recent report by the gaming news outlet Game Is Hard, Take-Two Interactive Software, the renowned publisher of the popular video game franchise “Grand Theft Auto,” has made a significant foray into the blockchain gaming industry.  The company recently unveiled its blockchain-based game, “Sugartown,” built on Ethereum. This move by Take-Two is viewed as a notable endorsement of the potential of blockchain gaming, which has long been anticipated to drive mainstream adoption of cryptocurrencies.  The Blockbuster Meets Blockchain Take-Two’s decision to embrace blockchain gaming represents a significant step…

Fuse CEO Mark Smargon says blockchain payments apps will rival Visa, not Ethereum

Episode 16 of Hashing It Out explores one of the most popular cryptocurrency use cases: payments. Mark Smargon, CEO of Fuse, joins host Elisha Owusu Akyaw to discuss various Web3 payment solutions and how Fuse contributes to businesses’ adoption of cryptocurrency payments.  Smargon explained that the payment network’s strategy involves looking beyond investments to focus on everyday use cases like payments, which will likely bring more sustainable adoption. Despite the goal, Smargon recounted the difficulty in convincing people and investors that businesses would adopt blockchain payments when starting Fuse in…

Shiba Inu’s Shibarium Ethereum L2 blockchain goes live on mainnet

Shiba Inu launched the Shibarium mainnet, an Ethereum layer-2 scaling solution, on Aug. 16 after months of testing that saw millions of users participate and 21 million wallets created. Shibarium is built on a new consensus mechanism called proof-of-participation (PoP), which works by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof-of-work schemes. The new L2 blockchain solution is designed to interact with the primary Ethereum layer-1 blockchain, providing a more scalable and cost-effective transaction platform.…

Gitcoin and Shell Partner to Leverage Blockchain for Climate Solutions

Gitcoin, a platform that empowers communities to fund and build open-source projects, has announced a collaboration with Shell, a global energy company. The partnership aims to explore innovative ways to incentivize the adoption of renewable energy sources and provide transparency and verifiability for carbon markets. Collaboration Details The collaboration will encompass a donation to the Gitcoin matching fund for the next four Climate Solutions rounds in the Gitcoin Grants Program and a hackathon in Q4 of this year, focusing on blockchain-related energy use cases. The Gitcoin Grants Program is a…

What is MEV Bot? | Blockchain News

Introduction Miner Extractable Value (MEV) bots have become a prominent feature in the world of cryptocurrency, particularly within the Ethereum network. These bots are designed to identify and exploit profitable opportunities within the blockchain, but they have also been associated with scams and controversial practices. This wiki provides an in-depth look at MEV bots, their functionality, and the ethical considerations surrounding their use. What is MEV? MEV stands for “Miner Extractable Value” or “Maximum Extractable Value.” It refers to the potential profits that miners or validators can generate by selectively…

Upbit Announces Listing of Layer 1 Blockchain SEI

Upbit, a globally recognized digital asset exchange, has announced the addition of a new digital asset, SEI, to its KRW and BTC markets. The announcement was made on August 14, 2023, and provides detailed information about the listing and associated guidelines. SEI Token Listing Details SEI, the native token of the Sei network, will be supported for deposits only on the Sei network (other networks like BSC will not be supported). The support for SEI deposits and withdrawals is scheduled to commence on August 15, 2023, at 21:00 KST. Trading…