Category: Blockchain

Regulation stole the show at Barcelona’s European Blockchain Convention

Some 2,500 crypto-curious blockchain believers descended on Barcelona’s Hyatt Tower conference suites last week in a networking bonanza. The 8th edition of the European Blockchain Convention, and the fourth occurrence in Barcelona, also coincided with Bitcoin (BTC) sitting tight below $25,000. Despite an over 60% crypto drawdown, the conference was packed, and reportedly 2,500 attendees from banks, blockchain companies and crypto drank in the sights and sounds of the cosmopolitan capital of Spain’s Catalonia region. Nonetheless, the crypto scars of 2022 are still tender and raw; many attendees raised real concerns…

Israeli startup to create blockchain chips with $70M of fresh funds

The adoption of blockchain technology is on the rise, with the majority of enterprises looking into the technology in some capacity. As blockchain becomes more pervasive, all types of users will need the most efficient access to the capabilities of this technology. One of the responses to this has been the development of blockchain chips as energy-efficient accelerators. On Feb. 23, the Tel Aviv-based blockchain chip startup Chain Reaction announced it raised $70 million to expand its engineering team for developing its next chip. Alon Webman, the co-founder and CEO…

JP Morgan To Open Crypto Lab In Athens As Part Of Blockchain Push

As the crypto industry evolves, top players in the traditional financial industry have begun to join the trend via diverse projects. A recent report disclosed that JP Morgan plans to open a crypto lab in Athens. According to StockWatch’s report, the lab will focus on data encryption and security. JP Morgan Chase is one of the largest American banks. Aside from its normal banking services, JP Morgan also provides institutional research on economics, financial markets, personal finance, etc. Related Reading: Are NBA Top Shot NFTs Securities? The Jury Is Out…

Google Cloud partners with Tezos blockchain to develop Web3 tech

Google’s cloud computing arm has added another string to its Web3 bow, with a new partnership to see it becoming a network validator on the Tezos blockchain. On Feb. 22, Tezos Foundation, a Swiss non-profit foundation supporting the Tezos blockchain announced it has teamed up with Google Cloud which will allow customers of the cloud computing business to deploy Tezos nodes and build Web3 applications on the blockchain. Tezos is a blockchain-based smart contract platform used to power decentralized applications, similar to Ethereum, Cardano and among others. Corporates that have used…

Polygon blockchain reportedly suffers network outage

Layer-2 scaling solution Polygon (MATIC) has not processed a block in over an hour and a half, leading some to believe that the blockchain network could be suffering from an outage. Latest blocks and transactions on Polygon. Source: Polygonscan According to data from Polygonscan, the blockchain’s last block and transaction was processed at around 8:35 pm UTC on Feb. 22. The network has previously suffered network outages, with the last occurring on Mar. 21-22, 2022 due to maintenance required on one of the network’s three layers. The Polygon team is yet…

Enterprise blockchain is transforming business operations and reducing costs: Web3 exec

Blockchain technology is often a valuable tool in solving various business challenges due to its ability to create secure, trusted, and transparent data sources and has gained traction across industries as businesses seek efficiency and cost reductions. Daniela Barbosa, the Executive Director at the open-source blockchain development firm the Hyperledger Foundation, spoke to Cointelegraph about how blockchain for enterprise is transforming global markets and industries. Barbosa noted blockchain technology has already demonstrated its value in various enterprise use cases, such as provenance tracking, logistics, and cross-border payments. By providing efficiency…

Tencent Cloud signs multiple collaboration agreements with blockchain firms

According to a press release on Feb. 22, Tencent Cloud, the cloud computing branch of Chinese internet giant Tencent, announced that it had concluded multiple agreements with blockchain firms to support the active development of the Web 3.0 ecosystem. Firstly, Tencent Cloud signed a memorandum of cooperation with decentralized blockchain infrastructure provider Ankr to jointly develop a series of blockchain API services for remote procedure call nodes. The new service will be deployed on Tencent Cloud’s infrastructure and will provide connections to mainstream blockchains building on Web 3.0 games and…

Nodle’s Smartphone-Powered Blockchain Network | Blockchain News

It’s possible that smartphones could become an essential component of blockchain networks, which will enable communication between smart devices in the Internet of Things (IoT) sector of the economy. The company Nodle is the brains behind a connectivity platform that offers customers financial incentives to participate as nodes in an internet of things (IoT) network. The network makes use of Bluetooth connection to rent the computational power, storage space, and Bluetooth capabilities of devices in order to expand the footprint of IoT networks. This is accomplished by taking advantage of…

ZenGo’s NFT Hack Detector | Blockchain News

A real-time dashboard has been made available in the OpenSea marketplace by a wallet security team. This dashboard gives community members the ability to identify, track, and monitor possible breaches using nonfungible tokens (NFTs) utilizing offline signatures. The company behind the cryptocurrency wallet ZenGo claims that they have developed an NFT hack detection using a straightforward approach. This involves keeping a record of realized NFT transactions in the NFT marketplace and comparing the amount of each trade to the floor price of the NFT collection. It will be detected as…