Category: Blockchain

Global Shipping Business Network (GSBN) Bullish on Blockchain

Blockchain technology has had a rocky start in the logistics industry, with Danish logistics firm Maersk terminating its blockchain-based supply chain platform last year. However, Hong Kong-based Global Shipping Business Network (GSBN) has not given up on blockchain applications in global trade. In fact, the nonprofit consortium sees blockchain as a crucial logistics tool in the long term. GSBN currently operates one of the world’s largest platforms that can be described as an alternative to Maersk’s TradeLens tool, according to a report by the South China Morning Post. The platform…

Bitget Launches Web3 Fund | Blockchain News

Bitget, a cryptocurrency exchange, has established a Web3 Fund to provide financial assistance to venture capital businesses and projects all over the globe that are Web3-friendly. The exchange will give priority to Asian initiatives that are headed by competent teams and have clear roadmaps, with an emphasis on finding solutions to challenges that exist in the real world. Gracy Chen, managing director of Bitget, has underlined the exchange’s dedication to make Web3 a worldwide phenomenon, just like Web2 was. Web2 was a sensation that spanned the whole globe. The objective…

FTX Control Failures | Blockchain News

FTX, a multi-billion dollar cryptocurrency company, has faced control failures due to inadequate financial and accounting controls, an inadequate group management structure, and the use of software not suitable for large companies, according to CEO John Ray III. In a court filing in April 2021, Ray gave a detailed account of the deficiencies that his restructuring team had identified at FTX. Ray noted that FTX relied on a hodgepodge of Google documents, Slack communications, shared drives, and Excel spreadsheets to manage its assets and liabilities. The company used QuickBooks for…

Conflux to Deploy Uniswap v3 on Its Blockchain

Conflux, a regulatory-compliant public blockchain based in China, is looking to deploy Uniswap v3 on its network. This move is aimed at offering millions of potential new users access to the popular decentralized exchange, especially in China and Asian markets. According to Conflux, the network experienced a surge in traffic in the first quarter of 2023, and the deployment of Uniswap v3 would be an important milestone in the platform’s development. The deployment of Uniswap v3 on Conflux would also provide incentives for projects building on top of the platform.…

Polygon Emerges as Second-Largest Blockchain Gaming Network

Polygon has emerged as the second-largest blockchain gaming network in terms of unique active wallets (UAWs), thanks to a surge in user activity in March. According to the “Blockchain Games Report” by DappRadar, the number of UAWs engaging with games on Polygon hit 138,081 in March, a 53% increase from February. This places Polygon ahead of third and fourth-ranked Hive and BNB Chain, with 84,000 and 80,000 UAWs respectively. The first-placed Wax is well ahead of the pack with 314,000 UAWs. Polygon, previously known for DeFi DApps, has now gained…

How Polygon Emerged As The 2nd Largest Gaming Blockchain In March

Polygon, Ethereum’s layer-2 scaling solution, is swiftly emerging as a powerhouse in the gaming industry, thanks to a rise in user activity on its network. Polygon had a 53% growth in daily unique active wallets (dUAWs) last month, reaching 138,081 in March, making it the second-largest blockchain gaming network in terms of UAWs, according to DappRadar. Polygon’s expansion in the game business is important, given the company was originally recognized for its DeFi dApps. In March, the network surpassed Hive to take second place, a positive indication for Polygon as it develops…

Reddit Avatars on Polygon Blockchain

Reddit, the online discussion platform, has launched the third generation of its blockchain-based digital collectibles, Reddit Avatars, on the Polygon blockchain. The new avatars were released on April 5, 2023, and have generated a lot of buzz within the community. The non-fungible token (NFT) avatars were first introduced in July 2022 as a way to empower artists to create and sell their work. These avatars were made available in August 2022 and generated thousands of dollars in sales for the artists. Users who purchased a collectible were also able to…

Avalanche introduces ‘Evergreen’ subnets to connect institutions on blockchain

Ava Labs, the developer of the Avalanche layer-1 blockchain platform, is introducing new institutional deployments to improve the blockchain environment. On April 6, Ava Labs introduced Avalanche Evergreen Subnets, a suite of institutional blockchain tooling and customizations designed to address company-specific requirements for financial services. The new product aims to allow institutions to maintain control over their blockchain environment while enabling intercompany communication, Ava Labs’ institutional business development director, Morgan Krupetsky, told Cointelegraph. “Currently, many institutions are building use cases on enterprise blockchains such as Corda, Hyperledger, Quorum or R3, which…

Top 5 books to learn about blockchain

Reading blockchain books can be an effective way to understand blockchain technology comprehensively. These books can provide insights into the history and principles of blockchain, and how it works in practice. By reading these books, you can gain a deeper appreciation of the potential of blockchain technology and its various use cases across different industries. Furthermore, these books can help you understand how blockchain can be used to solve real-world problems and transform existing business models. By staying up-to-date with the latest blockchain developments, you can position yourself for success…