Category: Blockchain

Argo Blockchain Increases Daily Bitcoin Production Despite Network Difficulty Spike

Publicly-listed Bitcoin (BTC) mining firm Argo Blockchain has reported an increase in its daily Bitcoin production for the month of February, despite a significant spike in network difficulty. According to the operational update released on March 7, Argo mined 162 Bitcoin or BTC equivalents during the month, translating to a daily production rate of 5.7 BTC. This is a 7% increase from the 5.4 BTC per day produced in January. Bitcoin mining difficulty is a measure that defines how hard it is to mine a BTC block. It requires more…

Algorand Wallets Hacked Again | Blockchain News

Algorand-based wallets have been hit by security breaches in recent weeks, with MyAlgo and Algodex both experiencing hacks. MyAlgo urged users to withdraw their assets or rekey their funds after a February security breach that resulted in losses of around $9.2 million. In the past week, a targeted attack was carried out against a group of high-profile MyAlgo accounts. The cause of the breach is unknown, and the wallet provider has encouraged users to take precautionary measures to protect their assets. Meanwhile, Algodex revealed that a malicious actor infiltrated a…

7 blockchain project ideas for women

Blockchain projects not only create new jobs and spur female entrepreneurship but also enhance women’s rights and other opportunities depending on the specific use case of the project at hand. Projects aimed at gender-based violence prevention, financial inclusion, supply chain transparency, land ownership and women’s rights protection are all ideas to support women globally. Moreover, more holistic platforms aimed at female education and entrepreneurship may be good ways to empower women via decentralized infrastructure.  Preventing gender-based violence Various blockchain project ideas for beginners may already set a woman’s personal development…

Pakistan Banks Develop Blockchain-based KYC Platform

The Pakistan Banks’ Association (PBA), a group of 31 traditional banks operating in Pakistan, has signed off on the development of a blockchain-based Know Your Customer (KYC) platform. The move aims to strengthen the country’s Anti-Money Laundering (AML) capabilities while countering terror financing – an initiative led by the State Bank of Pakistan (SBP). As reported by the Daily Times, the PBA signed a contract on March 2 to develop Pakistan’s first blockchain-based national eKYC banking platform. The Avanza Group has been tasked to develop the blockchain-based eKYC platform named…

Pakistan banks agree on blockchain-based KYC system development

Pakistan Banks’ Association (PBA) — a group of 31 traditional banks operating in Pakistan — signed off on the development of a blockchain-based platform for Know Your Customer (KYC) initiatives.  On March 2, PBA signed the project contract for developing Pakistan’s first blockchain-based national eKYC (electronic Know Your Customer) banking platform, reported Daily Times. The move was aimed at strengthening anti-money laundering (AML) capabilities while countering terror financing — an initiative led by the State Bank of Pakistan (SBP). The member banks include international establishments such as the Industrial and…

NEAR protocol releases blockchain operating system for Web3

The decentralized application (DApp) NEAR protocol is releasing a new blockchain operating system, focusing on improving user experience on Web3 through a common layer for browsing and discovering open web resources, the company disclosed at the Web3 and innovation festival ETHDenver 2023. In an interview with Cointelegraph’s Turner Wright during the event, NEAR co-founder Illia Polosukhin spoke on how the ecosystem is moving closer to user’s needs and the release of the Blockchain Operating System (BOS). According to the NEAR’s team, the system works with any blockchain or Web2 backend,…

Polygon and Mercy Corps bring blockchain to underserved communities

Blockchain technology continues to make its way into mainstream view, as many companies adopt the technology as a part of their operations. In the push for adoption of this technology comes the simultaneous need for more education on the technology.  A new partnership announced on March 2 between the Polygon blockchain network and Mercy Corps Ventures, the investment arm of the humanitarian organization Mercy Corps, focuses on bringing blockchain education and opportunities to underserved communities. According to the announcement, the new partnership has three primary objectives in its effort to…

Blockchain Game The Sandbox Warns of Phishing Email After Security Breach

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Provenance Blockchain Foundation announces $50M in grants for blockchain development

Provenance Blockchain Foundation has announced a $50 million grant program for blockchain developers to support the development of regulated financial services on blockchain.  The grant program promise to award $50 million in HASH, which is the native token on Provenance Blockchain, to developers who build core services and experiences that enable the full digitally-native lifecycle of regulated financial assets on blockchain technology. Developers will be evaluated based on a range of factors, including their ability to contribute to asset perfection, asset origination, on/off ramps, security, compliance, wallets, identity, developer tools,…