Category: Blockchain

Revolutionary Blockchain Partnership Announced By Microsoft, Goldman Sachs

Blockchain technology is the focus of a new partnership between Microsoft Corp, Goldman Sachs Group, Cboe Global Markets, and Deloitte. Their main objective is to develop a blockchain infrastructure that can connect institutional applications and encourage wider adoption of distributed ledger technology in financial markets. According to a press release from May 9, the Canton Network will be an interoperable blockchain with privacy features designed for the institutional asset management industry. It will make it possible to synchronize different financial markets that were “previously siloed.” Bloomberg calls the new venture…

12 factors VCs should focus on when vetting crypto and blockchain companies

Venture capitalists may be wary of the crypto and blockchain industry at the moment, and it’s not without reason. However, the highly publicized bad actions of a few shouldn’t keep VCs from spotting the real potential that well-run businesses in the sector can offer. As with investments in any industry, conducting thorough research and asking smart questions can help VCs ensure they’re backing reputable companies poised to make a positive (and profitable) impact in the market. Here, 12 members of Cointelegraph Innovation Circle share tips for a VC who’s considering…

Microsoft, Goldman Sachs, others partner in new blockchain network

A new blockchain network aimed at financial institutions is in the works from a conglomerate of participants in the finance and tech space, including the likes of Microsoft and Goldman Sachs. According to the announcement on May 9, the Canton Network will be a privacy-enabled interoperable blockchain network aimed at those working with institutional assets. It will allow the synchronization of financial markets that were “previously siloed.” The network will begin testing its capabilities in July, which include extensive privacy controls and the ability to achieve the scale and performance…

Bitcoin Ordinals Inscriptions Double | Blockchain News

The rise of Ordinals inscriptions on the Bitcoin network has sparked new interest and debate around its impact on the ecosystem. Initially used to mint images as non-fungible tokens (NFTs), users have now realized that text-based inscriptions can create fungible tokens similar to ERC-20 token standard on the Ethereum network. As a result, the number of Ordinals inscriptions on the Bitcoin blockchain has almost doubled from 2.5 million to 4.78 million in just the last eight days. Glassnode co-founder and chief technology officer Rafael Schultze-Kraft noted that text-based inscriptions are…

Spotify removes AI-generated music | Blockchain News

The ongoing battle between the music industry and artificial intelligence (AI) continues as Spotify removes AI-generated music. According to a report by the Financial Times (FT), the music streaming platform has removed 7% of songs created by the AI music startup Boomy, amounting to “tens of thousands” of songs. Spotify is also said to be increasing its policing of the platform in response to the situation. This action by Spotify comes after the platform and other streaming services received complaints of fraud and clutter on the platform. The music industry…

Bitget Launches Blockchain4Youth Initiative | Blockchain News

Bitget, a cryptocurrency derivatives exchange, has announced a new corporate social responsibility project, Blockchain4Youth, aimed at promoting cryptocurrency education among the younger generation. The initiative will allocate $10 million over five years towards providing blockchain courses and certifications through Bitget Academy and hosting campus lectures in partnership with universities worldwide. Bitget will also collaborate with other leading blockchain firms to incubate innovative projects by young entrepreneurs and host U30 (Under the age of 30) hackathons to identify the most promising ones. Blockchain4Youth will commence this month with a series of…

Nigerian national blockchain policy gets government approval

The government of Nigeria — one of the world’s most curious nations about cryptocurrencies like Bitcoin (BTC) — has approved the National Blockchain Policy for Nigeria during its meeting on May 3, 2023. The approval was in response to a memo presented by Isa Ali Ibrahim, the Minister of Communications and Digital Economy. In the announcement, The Federal Ministry of Communications and Digital Economy (FMCDE) cited a report from PricewaterhouseCoopers (PwC) predicting the widespread adoption of blockchain technology across various industries could potentially contribute $1.76 trillion to the global gross domestic…

Fuse blockchain pledges $10M for ecosystem development

On May 3, layer-1 blockchain Fuse announced that it would pledge $10 million to “reinvigorate the Fuse ecosystem and drive growth in multiple areas.” The program, dubbed “Fuse Ignite,” is structured between liquid incentives and grants. As told by developers: “Teams can apply for grants of between $5,000 and $25,000, depending on the focus of their project or service. DeFi projects can apply for incentives designed to boost liquidity and general user activity when deploying on Fuse Network.” Upon application approval, Fuse Ignite operator grants are issued in Fuse Tokens…

Blockchain Development Is Expanding, but the Percentage of U.S. Developers Has Decreased

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