Category: Blockchain

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…

EU to use blockchain for educational and professional credential verification

The European Commission has made moves to implement blockchain technology to transform the way educational and professional credentials will be verified across borders. In an announcement on June 7, the Web3 and blockchain solutions provider Protokol revealed a collaboration with the EBSI Vector project, which is an EU-funded project creating a decentralized framework for cross-border verification. The project will use blockchain technology to develop the forthcoming credential verification solution, which aims to simplify the process for EU citizens to have their credentials recognized and accepted in different countries. Lars Rensing…

SEC’s Move To Sue Top Exchanges Decreases Trading Volumes – Blockchain News, Opinion, TV and Jobs

By Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International  BTC closed last week at about $27,000, a 3.5% decrease from the $28,000 price at the end of last week. It dropped to about $25,500 on Monday, slightly moving upwards to $26.394 late Tuesday, after the SEC announced it is suing Binance and Coinbase, the world’s largest crypto exchanges by volume, for trading securities it deemed as being unlicensed in the US. Trading volumes remain at low levels, with BTC on-chain volume decreasing by 13% during May.…

10 industry insiders’ tips for devs who are new to blockchain coding

Tech developers looking for a new challenge may well be turning their attention to blockchain. The space is still fresh enough that a newcomer can get in on the ground floor of exciting new developments and take their place among industry pioneers. However, devs who are used to being “tech gurus” may hesitate at the threshold, uncertain where to begin their professional journey with blockchain. And there’s no doubt there’s important homework to be done before leaping in. Below, 10 members of Cointelegraph Innovation Circle share some tips for curious…

Swift and Chainlink Will Test Connecting Over a Dozen Financial Institutions Like BNY Mellon to Blockchain Networks

In a new set of experiments, Swift will partner with major TradFi institutions like Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group. The goal is to test how these institutions can use the Swift’s infrastructure to instruct the transfer of tokenized assets across blockchains, the press release said. Source link

Can blockchain games really offer a sustainable income?

Blockchain games are mostly played for entertainment, but some developers within the industry think the games could eventually evolve into a form of employment where players can grind out a living wage.  Video games using blockchain tech allow players to earn native crypto or nonfungible tokens (NFTs) by playing and participating in activities within the virtual world. Users can then trade or sell their rewards to others and convert them to fiat currency or other crypto, such as Bitcoin (BTC) and Ether (ETH). Known as GameFi and play-to-earn (P2E), these…