Category: Blockchain

Fear of blockchain will have ‘disastrous consequences’ — Ava Labs CEO testimony

Ava Labs CEO Emin Gün Sirer will be calling on United States officials to “nurture” and “support” responsible blockchain innovation, warning that they face “disastrous consequences” if they don’t. Gün Sirer’s comments in defense of what he describes as a “revolutionary technology” is part of a testimony that he is scheduled to give to the U.S. House Financial Services Committee on June 13 — the audience will include Chair Patrick McHenry, Ranking Member Maxine Waters and other members in the House Committee. Gün Sirer’s testimony aims to explain how blockchain…

Blockchain Pioneers Vitalik Buterin, Polygon Co-founder Commit $100M To Pandemic Research

Blockchain pioneers Vitalik Buterin of Ethereum fame and Polygon co-founder Sandeep Nailwal have joined forces with India-based crypto fund Crypto Relief in an extraordinary initiative aimed at combatting the devastating impact of COVID-19. In a remarkable display of solidarity and innovation, they have pledged to contribute a staggering $100 million towards critical areas such as COVID-19 research and the development of essential medical infrastructure.  This groundbreaking collaboration not only showcases the immense potential of blockchain technology but also highlights the profound commitment of these visionary leaders to making a tangible…

EU Commission Partners With Blockchain Platform Protokol For Digital Educational Credential Project

The European Commission is making strides towards adopting blockchain technology to transform the verification process of educational and professional credentials across countries. In an effort to achieve this goal, the EU-funded EBSI Vector project has partnered with Protokol, a blockchain solutions provider. The collaboration aims to leverage blockchain technology in developing a credential verification solution. The goal is to simplify the process for EU citizens to have their educational and professional credentials recognized and accepted in different countries. According to Protokol CEO Lars Rensing, the objective of the collaboration with…

Enjin Launches NFT-Focused Blockchain, Migrates Native Token and Merges Efinity Token

Singapore-based Enjin, a pioneer in the blockchain ecosystem for Non-Fungible Tokens (NFTs) and digital assets, has launched the Enjin Blockchain. The innovative new blockchain, dedicated to NFTs, is built on the open-source Substrate framework, distinguishing it from others by integrating NFT-related transactions directly into its foundational code, rather than relying on smart contracts. Incorporating NFT transactions at the protocol level enhances scalability and prepares projects for future-proofed digital assets. Notably, Enjin Blockchain features like Fuel Tanks and Discrete Accounts simplify end-user interaction by subsidizing transaction fees and eliminating the need…

Binance.US Suspends Trading for Several Crypto Pairs Following a Lawsuit Filed by the SEC – Blockchain News, Opinion, TV and Jobs

Binance.US, the US arm of the cryptocurrency exchange Binance, has suspended trading for several crypto pairs and reduced its supported convert trading pairs following a lawsuit filed by the US Securities and Exchange Commission (SEC) against Binance entities and their leadership. The move is seen as a precautionary measure to address potential securities concerns raised by the SEC. This move came after the SEC filed a lawsuit against Binance on June 5, accusing the exchange of offering unregistered securities. The charges include unregistered offers and sales of BNB and BUSD…

The role of blockchain in combatting fraud and revolutionizing the gaming industry

A new dawn is breaking in the gaming industry, driven by the transformative power of blockchain technology. As this industry — expected to hit $200 billion in 2023 — continues to grapple with the scourge of fraud, blockchain is emerging as a potent ally, armed with its inherent traits of decentralization, transparency and immutability. Moreover, blockchain is not merely a tool to combat fraud but also an innovation set to revolutionize the gaming experience itself. A decentralized defense against fraud Central to blockchain’s appeal is its decentralized nature. In contrast to…

Avail Blockchain Releases Phase 2 of Kate Testnet

On the testnet, users can participate and contribute to the Avail network in multiple ways. They can acquire AVL testnet tokens to test staking and nomination functions, create modular blockchain applications or chains that publishes data to Avail, and join the testnet as validators or light clients, allowing them to verify data availability. Source link

Ankr–Microsoft partnership continues with blockchain creator tool debut

On June 8, decentralized blockchain infrastructure provider Ankr announced the launch of its enterprise blockchain creator tool on Microsoft’s Azure Marketplace. Dubbed “AppChains,” the solution will enable companies to quickly launch a dedicated and customizable blockchain to power various Web3 strategies. Developers can deploy the Polygon Supernet on its first iteration, with more choices thereafter. According to Ankr, AppChains has been available for a year with use in launching application-specific blockchains to power their decentralized applications. However, Ankr’s developers said they are witnessing strong demand from institutional clients for using…