Category: Blockchain

Orbs Releases Smart Contract for Validators in TON Blockchain

Orbs, a public blockchain infrastructure designed for mass usage applications, has announced the release of a new smart contract called the single nominator for validators in the Telegram Open Network (TON) blockchain. The contract provides an isolated cold wallet for validators to secure their validation process, enhancing their independence, security, and protection against gas-spending attacks. In the TON blockchain network, validators participate in a proof-of-stake consensus algorithm by staking their cryptocurrency holdings to support the network’s security and transaction processing. The nominator essentially nominates a validator to represent their stake…

SEB and Credit Agricole launch digital bond platform on blockchain

Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank have jointly launched a new digital bond platform called “so|bond.” The platform is built on blockchain technology and enables institutional clients to issue, trade and settle bonds digitally. The platform is set to provide a more efficient and secure process than traditional methods, enhancing the clients’ experience. The so|bond platform is designed to use a validation protocol called “Proof of Climate awaReness” to minimize its environmental footprint while incentivizing participating nodes to improve their environmental impact. Each node will be remunerated according…

Modular Blockchain Astria Raises $5.5M for Shared Sequencer Network

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Blockchain-Powered Satellite Contributes to Ethereum Scaling

The Ethereum KZG ceremony is receiving a contributor from outer space as Cryptosat, a blockchain-powered satellite orbiting Earth, has contributed entropy to the Ethereum scaling effort. The satellite’s Verifiable Random Beacon service generated the entropy, which was signed by the satellite itself and can be verified using the public key of Crypto2. The Ethereum Foundation requested that users from all over the world contribute randomness to the KZG ceremony to strengthen the security of the next version of Ethereum. The KZG ceremony aims to provide a cryptographic foundation for Ethereum…

European banks launch ‘sustainable’ blockchain platform for digital bonds

Two banks from Sweden and France announced the launch of a new digital bond platform built on blockchain technology. The platform will enable institutional clients to issue, trade, and settle bonds digitally, providing a more efficient and secure process compared to traditional methods. The platform, a joint project of Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank, is called so|bond. According to the announcement from April 3, the blockchain network will be using a validation protocol, Proof of Climate awaReness, minimizing its environmental footprint. The Proof of Climate awaReness protocol…

Renewed Optimism in Crypto Market Raises Concerns About Regulatory Challenges Ahead – Blockchain News, Opinion, TV and Jobs

The cryptocurrency market has had a strong start to the year, with Bitcoin (BTC) up 71% and Ethereum (ETH) up 51% since January. Many investors are wondering whether this marks the return of the crypto bull market, but there are concerns about how regulators will keep up with this fast-moving industry. Katharine Wooller, Business Unit Director at Coincover, voiced her opinion: “The lack of regulation is the only barrier preventing digital assets from mainstream adoption. Regulators have a crucial role in protecting consumers and promoting stability and transparency in markets,…

Rising Concerns About ChatGPT Safety Highlight the Need for Public Education and Transparency on AI Risks – Blockchain News, Opinion, TV and Jobs

The rise of artificial intelligence (AI) created a wave of concerns about safety and privacy, particularly as these technologies become more advanced and integrated into our daily lives. One of the most prominent examples of AI technology is ChatGPT, an artificial intelligence language model which was created by OpenAI and is backed by Microsoft. Millions of people have used ChatGPT since it launched in November 2022. In recent days, searches for “is ChatGPT safe?” have skyrocketed as people around the world voice their concerns about the potential risks associated with…

US Accountants Ready To Invest In Blockchain, AI Tools Like ChatGPT

In a recent Intuit survey, accountants in the United States have recognized the impact of technology on their businesses. Nearly half of those surveyed are ready to splash on blockchain and artificial intelligence (AI) solutions to grow and serve their clients better. Accountants Are Pro-Technology In a press release on March 29, The Intuit QuickBooks Accountant Technology Survey, collecting feedback from 2,000 accountants in the United States, revealed that accountants know how technology can influence growth. Subsequently, they are keen to prioritize technology investment to move their business forward. Of…

ZKP could help resolve blockchain tensions with GDPR

Europe commissioned a new law called GDPR in 2018. It gives EU citizens control over who collects their personal data and how it’s handled. The pop-ups on websites seeking permission to gather and access your data result from the compliance need the act has imposed. Companies globally (if interacting with EU citizens) are subject to GDPR rules with onerous fines for non-compliance. GDPR definitions were clear on data protection until blockchains became mainstream, and a few use cases challenge the boundaries of technology and regulation. Companies storing your data are…

Blockchain and regulated stablecoins to be widely used by 2030, industry execs say

Regulated stablecoins are currently in the spotlight of policymakers as a panel of professionals in the digital regulatory space unpacks their predictions on the use of regulated stablecoins in the future at the World of Web (WOW) Summit in Hong Kong.  In the panel titled “Digital Assets: Policies & the Road Ahead,” the group discussed how regulated stablecoins would most likely remain in use by 2030 and how the current growth rate of the stablecoin helps to ensure this. While recognizing the growth of the crypto industry, Alexandra Sasha, the…