Category: Blockchain

Sega Suspends Blockchain Gaming Initiatives, Game Over?

Japanese video game powerhouse Sega plans to withhold its biggest game franchises from third-party blockchain projects, as it cools interests in blockchain gaming, a Bloomberg report has revealed. This move comes after the underwhelming performance of non-fungible tokens (NFTs) and the waning excitement around blockchain-based games in recent months. Sega Rolls Back Blockchain Gaming Plans, COO Questions Technology  In an interview with Bloomberg, Sega’s co-Chief Operating Officer Shuji Utsumi revealed that the company would not be pursuing its blockchain gaming plans, at least for now. Healso mentioned that the firm…

Oracle Red Bull Racing Teams Up with Mysten Labs for Blockchain Engagement via Sui Platform

Sui has been selected to serve as the official blockchain partner for Oracle Red Bull Racing. Oracle Red Bull Racing Validator will be available on Sui thanks to the collaboration between the team and Mysten Labs. Mysten Labs, which was the project’s first contributor, will be in charge of managing and operating the validator. In order to enhance the Sui protocol, the Oracle Red Bull Racing Validator will take part in the process of reaching a consensus throughout the network. This will assist to guarantee that the blockchain is populated…

Over $30 Billion Lost to Blockchain Hacks, Reveals SlowMist Hacked Statistics

According to a research by SlowMist Hacked Statistics, the total amount of money that has been stolen from blockchains is an astounding $30,011,604,576.24. This information comes as a stunning surprise. The data, which encompasses a total of 1,101 hack occurrences, highlights the mounting worries over the sector’s security as blockchain and cryptocurrencies continue to gain popularity. The study includes a thorough analysis of the losses by category, showing the sectors that have been most impacted by the aforementioned security breaches. The Exchange category is at the top of the list…

Centralized Blockchain Payments Gain Traction As NY Fed Reports Success

Centralized blockchain payments have emerged as a promising solution to tackle the challenges plaguing the settlement process, as affirmed by the New York Federal Reserve after successfully concluding an extensive three-month experiment with prominent banks.  In a statement released on Thursday, the New York central bank revealed that the experiment hinged upon a groundbreaking concept known as the “regulated liability network (RLN),” which served as the foundation for constructing a theoretical payment infrastructure. This innovative framework was specifically designed to facilitate the seamless exchange and settlement of regulated digital assets,…

Sega Rethinks Plans of Entering Blockchain Gaming, COO Calls GameFi ‘Boring’: Bloomberg

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Crypto Miner HIVE Blockchain Rebrands to Drive AI Expansion

HIVE Blockchain Technologies Ltd. has declared its plan to strategically rebrand, including a transition to the new name “HIVE Digital Technologies Ltd.” This rebranding initiative is designed to mirror the company’s progression into the realm of high-performance computing (HPC) data centres, utilizing Nvidia’s superior Graphics Processing Unit (GPU) chips to tap into the burgeoning trend of widespread adoption in the field of Artificial Intelligence (AI). Established in 2017, HIVE has been an innovative leader in the domain of cryptocurrency mining. The upcoming name change signifies a major strategic shift to…

Animoca still bullish on blockchain games, awaits license for metaverse fund

Blockchain-based games have been a hot topic in the cryptocurrency space over the past two years, accounting for considerable growth and daily activity on a number of protocols despite prolonged bear market conditions. Market research estimates that Web3 gaming pulled in around $4.5 billion in funding in 2022 as asset managers, investment funds and venture capitalists look to cash in on the burgeoning sector. In an exclusive interview with Cointelegraph, Animoca Brands co-founder Yat Siu highlighted the firm’s renewed optimism in the blockchain gaming sector and gave an update on…

Binance Academy Teams Up With Coursera To Provide Crypto And Blockchain Education Worldwide

Binance Academy, the academy arm of Binance, has announced that it is teaming up with Coursera to launch a blockchain education program to spread knowledge about this transformative technology. With more than 124 million registered users across various countries, Coursera is the perfect partner for Binance as they work to provide world-class blockchain education. Taking Blockchain Education Global Blockchain technology is known for its ability to revolutionize various industries and everyday life. Binance, the world’s largest cryptocurrency exchange, has made it its mission to spread the impacts of this technology…

European Regulatory Blockchain Sandbox Welcomes Its First 20 Projects

On July 3rd, Europe’s blockchain regulatory sandbox officially introduced its inaugural set of use cases. This milestone follows a period of eager anticipation in the industry, culminating from nearly 90 applications submitted back in April. Initiated in 2020 by the European Commission and the European Blockchain Partnership (EBP), the sandbox is set to close the regulatory gap between European nations and crypto companies. The Commission has accepted 20 projects for the first cohort, with participants hailing from diverse sectors such as finance and capital markets, telecoms and IT, global trade,…