Category: Blockchain

Blockchain gaining adoption in more than just DeFi: Report

Anyone familiar with the blockchain industry knows that decentralized finance (DeFi) is one of the sector’s most prominent use cases with the most substantial adoption. Recent issues in the banking sector, like those surrounding Silicon Valley Bank and Credit Suisse, have caused many to take a second look at Bitcoin (BTC) and crypto as an alternative to the traditional banking system. And while the further expansion of DeFi bodes well for the rest of the crypto industry, is blockchain technology expanding and being utilized in other ways as well? That’s…

Paris Blockchain Week 2023: Latest updates by Cointelegraph

Paris Blockchain Week 2023 (PBW) is about to kick off its ‍4th year as one of the world’s largest conferences tackling all things blockchain, crypto and Web3. The event hosts over 10,000 attendees and was sold out the previous year. The Cointelegraph team is stationed in Paris for the latest news from the ground. This year’s edition of PBW has speakers from some of the industry’s biggest players, such as Consensys, Ledger, Animoca Brands, Alogrand, Reddit and more. The event consists of the main summit and Web3XP on all things…

AI set to benefit from blockchain-based data infrastructure

The rise of ChatGPT has been nothing short of spectacular. Within two months of launch, the artificial intelligence (AI)-based application reached 100 million unique users. In January 2023 alone, ChatGPT registered about 590 million visits. In addition to AI, blockchain is another disruptive technology with increasing adoption. Decentralized protocols, applications and business models have matured and gained market traction since the Bitcoin (BTC) white paper was published in 2008. Much needs to be done to advance both of these technologies, but the zones of convergence between the two will be…

Cardano Blockchain Releases Update to Enhance Network Communication

Sign up for Valid Points, our weekly newsletter breaking down Ethereum’s evolution and its impact on crypto markets. DISCLOSURE Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and…

Blockchain Association seeks info from Fed, FDIC and OCC on ‘de-banking’ crypto firms

The United States-based crypto advocacy group Blockchain Association called on financial regulators to provide information related to the potential “de-banking of crypto firms” in the wake of the failures of the Signature, Silicon Valley Bank and Silvergate banks. In a March 16 notice, the Blockchain Association said it had submitted Freedom of Information Act requests to the Federal Deposit Insurance Corporation, the board of governors of the Federal Reserve System and the Office of the Comptroller of the Currency for documents and communications that could potentially show regulators’ actions “improperly…

Sberbank Executive Touts Blockchain for Russia

An official at Russia’s biggest bank, Sberbank, has proposed that the use of blockchain technology is the direction in which the nation should go in order to overcome the present settlement challenges it is facing. Alexander Vedyakhin, who serves as the first deputy chairman of Sberbank, is of the opinion that blockchain technology has developed considerably over the past few years and now provides new capabilities. These new capabilities may make it possible for Russia to develop payment systems that are more effective. At the conference, Vedyakhin stressed the significance…

NFT Sector Keeps Developing – Number of Unique Ethereum NFT Traders Surged 276% in 2022 – Blockchain News, Opinion, TV and Jobs

By Paul Hoffman from BestBrokers Looming Fed rate hikes were the hottest topic in the beginning of 2022. Shortly after that global markets dove even deeper into the red with the start of the war between Russia and Ukraine. Not long after the LUNA crash followed and crypto markets plunged deeply. Unfavorable events for the global economy continued and caused further damage to all crypto assets. Despite all the negativity surrounding crypto and multiple published analyses, concluding with the announcement of “crypto winter”, the NFT sector kept developing at a…

Blockchain is the answer to Russia’s settlement issues, banking exec says

The adoption of blockchain is the right direction for Russia to solve its current settlement issues, according to an executive at Russia’s largest bank, Sberbank. Blockchain technology has matured over the past few years to offer new capabilities that potentially enable Russia to create more efficient payment systems, Sberbank’s first deputy chairman Alexander Vedyakhin said. On March 14, Vedyakhin took part in the meeting of Russia’s Federation Council on the budget and financial markets committee, highlighting the promising future of blockchain in Russia, the local news agency Interfax reported. According…