Category: Blockchain

Crypto Exchange Blockchain.com Obtains Payment License In Singapore

Cryptocurrency exchange Blockchain.com has been granted a payment license in Singapore, expanding its operations in Asia and the world at large. According to a press release on Monday, Blockchain.com announced it had obtained a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on August 1, 2023. Blockchain.com Stamps Presence In Singapore Blockchain.com’s receipt of an MPI license in August comes after the Singaporean central bank granted the exchange an in-principle approval in September 2022. Related Reading: Crackdown On Crypto And AI Fraud: China’s Aggressive Measures Revealed…

UAE signs deal to develop carbon credit system on Venom Foundation blockchain

The United Arab Emirates (UAE) Ministry of Climate Change and Environment (MCCE) is developing a carbon credit system in a preliminary partnership with Industrial Innovation Group and Venom Foundation. Blockchain technology is utilized by organizations and countries to track carbon credits. Due to the immutable nature of data inscribed on-chain, these credits can be securely sold or traded with total transparency for all interested parties. This allows government organizations, such as the UAE’s MCCE, to sell or issue credits to businesses. Credit holders can either spend the credits — which…

What is Pepe Coin? | Blockchain News

Overview Pepe Coin (PEPE) is a deflationary meme coin launched on the Ethereum blockchain. It was created as a tribute to the Pepe the Frog internet meme, which gained popularity in the early 2000s. The project aims to capitalize on the popularity of meme coins like Shiba Inu and Dogecoin, striving to establish itself as one of the top meme-based cryptocurrencies. Key Features No-Tax Policy: PEPE appeals to the cryptocurrency community by instituting a no-tax policy. PEPE ensures a cost-effective trading experience by not levying any transaction fees for buying…

China Targets Overseas Telecom Fraud Leveraging Blockchain, Crypto, Metaverse, and AI

In a recent meeting, China’s Central Political and Legal Affairs Commission has emphasized the need for a systematic, legal, and source-based approach to combat overseas telecom network fraud and related criminal activities. The announcement was made on August 6, 2023, as reported by the Economic Daily. The commission pointed out that fraud groups have been increasingly utilizing new technologies such as blockchain, metaverse, virtual currency, and AI intelligence to update their criminal tools, making them more concealed and deceptive. Overseas Telecom Fraud: A Growing Concern In recent years, overseas telecom…

Blockchain Security Firm Exposes Unverified Orb Operator Access

Blockchain security company CertiK recently revealed a serious flaw that put the Worldcoin system at serious risk. The system’s security and integrity might have been compromised if the vulnerability allowed Orb operators unrestricted access. Users’ iris information was collected as part of Worldcoin’s Orb activities, necessitating a strong verification process to guarantee that only reputable businesses are in charge of the operations. The system’s fault, however, made it possible for bad actors to get through the rigorous verification process without fulfilling the requirements. Following the usual whitehat disclosure process, CertiK quickly…

Crypto Miner Argo Blockchain Mined 129 Bitcoins in July 2023

Argo Blockchain PLC, a leading global cryptocurrency miner listed on both the London Stock Exchange (LSE:ARB) and NASDAQ (NASDAQ:ARBK), has released its operational update for July 2023. The company reported mining 129 Bitcoin or Bitcoin Equivalents (BTC), averaging 4.2 BTC per day. This represents an 11% decrease from the daily average of 4.6 BTC in June 2023, primarily due to increased downtime at the Helios facility caused by weather-related curtailment and onsite construction. Despite the decrease in BTC production, Argo Blockchain’s mining revenue for July remained stable at $3.87 million,…

Ensuring integrity of blockchain transactions: Trust through audits

Blockchain auditing is the process of examining and verifying the data and transactions stored within a blockchain network. It focuses on assessing the integrity and accuracy of the information recorded on the blockchain to ensure it aligns with the intended rules, protocols and regulations. Through the audit process, smart contract code is painstakingly examined to identify vulnerabilities of all levels, ranging from minor loopholes to critical weaknesses that could potentially expose millions to risk. Auditors review and reveal centralization issues, ensure the project code functions as the developer intended, and…

Binance Users Reach 150M | Blockchain News

According crypto exchange Binance CEO Changpeng Zhao’s tweet, Binance has achieved several key milestones, reflecting its ongoing commitment to expansion and innovation. Binance announced that it has hit the 150 million registered users mark. This milestone underscores the platform’s growing popularity and reach in the global cryptocurrency community. In July 2022, Binance revealed that its registered user count had surpassed 120 million, meaning that the exchange has seen a growth of 30 million users within the past year. Binance officially launched its operations in Japan, marking a strategic move into…

Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash: Study

Kanis Saengchote, a researcher at Chulalongkorn University in Thailand, recently developed a framework for identifying and measuring systemic risk in decentralized finance (DeFi) institutions.  The new protocol is called the Global Systematically Important Protocol (G-SIP), and it’s based on a similar endeavor instituted in the traditional banking industry. After the global banking crisis of 2008, the traditional finance sector collaborated to come up with a protocol for identifying critical banking structures in order to implement strategies for the prevention of future collapses. Related: UBS Group agrees to $3.25B ‘emergency rescue’…

Litecoin Undergoes Third ‘Halving,’ in Milestone for 12-Year-Old Blockchain

Litecoin, a “fork” or clone of Bitcoin, is sometimes affectionately referred to as “digital silver.” Both blockchains reward “miners” who process transactions and secure the network, with a reward – a combination of variable transaction fees and a predetermined “subsidy” that gets halved approximately every four years. (With Litecoin, they happen every 840,000 transaction blocks, and the average time to generate each block is about 2.5 minutes.) Source link