Category: Blockchain

TON blockchain freezes $2.6B worth of inactive tokens

According to the results of a community vote on Feb. 22, users and validators of The Open Network (TON), a layer one blockchain previously created by Telegram, have voted to suspend miners’ wallets for four years if they are inactive and have never made an outgoing transaction. The decision resulted in 1,081,389,416 TON being suspended, worth an estimated $2.58 billion at the time of publication and accounting for over 20% of TON tokens outstanding. The validator vote, which began on Feb. 21, 2023, was passed after the first two rounds…

How to create NFTs on the Cardano blockchain

Cardano is a proof-of-stake (PoS) platform launched in September 2017 by Ethereum co-founder Charles Hoskinson. In September 2021, Cardano added support for smart contracts, which paved the way for developing decentralized finance (DeFi) and nonfungible token (NFT) applications. NFTs landed on Cardano’s blockchain in 2022, with Cardano’s native cryptocurrency ADA (ADA) utilized to buy and sell them. The deployment of smart contracts on Cardano allowed the creation of NFT marketplaces, including CNFT.IO and Jpg.store. These marketplaces facilitate NFT projects on Cardano in a cost-effective and scalable way, attracting many enthusiasts…

Carbon market gets a much-needed boost from blockchain technology: Web3 exec

Automated systems and blockchain technology are being increasingly utilized to improve the efficiency and accuracy of the carbon market, a critical component in the fight against climate change.   Cointelegraph spoke to Bill Kentrup about the role of blockchain technology in digitizing verifiable data in the carbon market. Kentrup is the head of Origination and co-founder of enterprise software Allinfra Climate — a platform designed to help institutions achieve their sustainability goals. According to him, on-chain monitoring, reporting, verification, issuance, allocation, and retirement of carbon credits and carbon claims, could bring…

Blockchain Gaming is Having a market caps increment

Play-to-earn Over the course of the last year, blockchain gaming has seen a decline as players have emphasized on the quality of their overall gameplay experience. On the other hand, a recent research from DappRadar reveals that during the first month of 2023, gamers were responsible for over half (48%) of all blockchain activity. The market capitalization of the top gaming tokens increased by 122% on average over the month of January. Gala (GALA), the digital utility token of the Gala Games ecosystem, had its value climb by 218% during…

16 ways blockchain and crypto leaders can better educate prospective users

While crypto and blockchain have their share of enthusiastic pioneers, these industries can’t survive and thrive without attracting new users. Many cite the space’s tech-forward complexity as a barrier, but does it have to be? And are industry leaders adding to the problem by not working to reach prospective users where they are? The close-knit nature of the blockchain and crypto industries can be both a strength and an impediment, and it may be time for insiders to step outside echo chambers to better understand what prospective new users want…

Bitcoin Flips Visa Again | Blockchain News

Since the beginning of the year, the price of Bitcoin (BTC) has increased by 48%, which has caused its market valuation to once again surpass that of the payment processing behemoth Visa. According to CoinMarketCap, with the price of Bitcoin sitting at $24,365 at the moment, its market size of $470.16 billion is now only slightly more than that of Visa, which has a market cap of $469.87 billion at the moment. Companies Market Cap reports that this is the third time Bitcoin has “flipped” Visa’s market cap, meaning that…

Paxos Takes on SEC as Asian Crypto Trading Volume Increases by 80% – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  After Bitcoin’s incredible rally to $25,000 last week, Bitcoin is currently consolidating around $24,500. Amongst the regulatory onslaught in the US that has occurred recently, crypto investors have been unphased. The SEC issued a Wells Notice for Paxos (the issuer of BUSD) last week, who have a direct relationship with global digital asset platform Binance. The SEC told Paxos that they are planning to sue them for their issuance of BUSD, supposedly because BUSD is a security. However, it…