Category: Blockchain

What is Conch AI? | Blockchain News

Conch AI is an artificial intelligence (AI)-powered writing assistant that was launched in the early 2020s. The tool utilizes machine learning and natural language processing algorithms to analyze and understand text-based data, offering a range of features to enhance the writing process. Overview Conch AI is a comprehensive writing assistant that allows users to rewrite sentences and paragraphs, summarize sources, answer questions, and generate introductions, conclusions, and outlines. It also has a built-in AI detector bypasser, which helps users avoid detection by algorithms like GPTZero and Turnitin. The tool is…

Dota 2, Rocket League pros ‘want to explore’ Web3 and blockchain gaming

While game developers seem to hate the idea of Web3 coming into games, players who compete in gaming tournaments for a living are more open to trying out blockchain gaming. Professional Dota 2 player Erik Engel for Gaimin Gladiators, more commonly known by his gamer tag “Tofu,” expressed his thoughts on Web3 and how it can help gamers in a statement sent to Cointelegraph. Engel, who has won over $400,000from various major tournaments in the Dota 2 competitive gaming scene, said it’s refreshing to see companies make “more out of…

Coin Center and Blockchain Association slam ‘unworkable’ US Senate DeFi bill

Crypto industry advocacy bodies have slammed a newly proposed United States Senate bill for what they say is a confused approach to regulating the decentralized finance (DeFi) sector. On July 20, crypto think tank Coin Center and crypto advocacy group the Blockchain Association released separate statements describing the legislation as a “messy,” “unworkable,” and “unconstitutional” way of regulating DeFi. Introduced on July 18, the bipartisan Crypto-Asset National Security Enhancement Act (CANSEE) bill aims to reign in money laundering violations in DeFi. If passed, the legislation would extend new penalties to…

16 tips to help blockchain companies refine their marketing messages

Word about blockchain technology’s benefits has penetrated the global marketplace, so now’s the time for blockchain businesses to begin deliberately refining and sharing their marketing messages. Like other service businesses, blockchain companies have to find effective ways to explain why their service in particular is the right choice for a potential client’s unique needs. However, unlike service companies in other industries, in many cases, blockchain leaders will be marketing a service that B2B clients may be intrigued by but don’t understand well. Marketing a business always takes a lot of…

Famous Game ChuanQi IP Launches Blockchain-Based MORPG, MIR2M: The Dragonkin, in 170 Countries

ChuanQi IP, a subsidiary of Wemade, has recently released a promotional video for its new blockchain-based Multiplayer Online Role-Playing Game (MORPG), MIR2M: The Dragonkin. The video was revealed on the company’s official YouTube channel and provides a glimpse into the narrative of the MIR2M series. Wemade, the parent company of ChuanQi IP, is a well-established entity in the gaming industry. The company has a diverse portfolio of games, ranging from traditional online games to mobile and blockchain-based games. Wemade’s commitment to innovation and the integration of emerging technologies like blockchain…

Tachyum’s Prodigy Processors: A Game-Changer for Blockchain in Banking and FinTech

Tachyum, a leading tech company, has recently published a paper titled “Credit Unions, Blockchain, CBDC, FinTech and Tachyum Prodigy” on July 18, 2023. The paper highlights the potential of Prodigy, the world’s first Universal Processor, to revolutionize transactional banking and significantly reduce the environmental and financial costs associated with blockchain’s energy consumption. FinTech companies are using blockchain technology more often because it enables direct payments between payer and payee without the need for a middleman. PricewaterhouseCoopers estimates that 77% of FinTech firms are either utilising blockchain now or moving to…

South Korea Embraces Blockchain: New Digital Asset Act, K-Culture Tokenization, and More

According to the Polymesh report titled “Regulatory Developments in Digital Assets”, South Korea has made a significant move in the crypto industry by passing the “Digital Asset Basic Act” (DABA). This Act introduces 17 legislative proposals aimed at balancing blockchain development with investor protection. The Act, which is expected to be implemented into law in June 2024, includes measures such as capital reserve requirements for exchanges and the establishment of a separate market for digital securities. Shinhan Bank, the nation’s oldest bank, has also become an equity investor in the…

Chainlink launches cross-chain protocol bridging blockchain to TradFi

The development firm behind the Chainlink protocol and its native LINK token has gone live with its cross-chain protocol, aimed at providing interoperability between traditional financial firms and both public and private blockchains. In a July 17 post on the Chainlink blog, Chainlink  Labs’ Chief Product Officer Kemal El Moujahid announced that its Cross-Chain Interoperability Protocol (CCIP) has launched under early access on Ethereum, Avalanche, Polygon, Arbitrum, and Optimism. Developers on these platforms will have access to CCIP on their respective testnets on July 20. 1/ The Chainlink Cross-Chain Interoperability Protocol…