Category: Blockchain

‘Unworkable’ bill to ban blockchain immutability is introduced in Illinois

A recently introduced Illinois Senate Bill has been ridiculed by the crypto community over its “unworkable” plans to force blockchain miners and validators to do “impossible things” — such as reversing transactions if ordered to do so by a state court. The Senate Bill was quietly introduced into the Illinois legislature on Feb. 9 by Illinois Senator Robert Peters but appears to have been only recently noticed by Florida-based lawyer Drew Hinkes who discussed the bill in a Twitter post on Feb. 19. The bill titled the “Digital Property Protection…

Blockchain.com is refute rumors that they are selling assets

Between the months of December and January, officials of the company are said to have explored the possibility of selling sections of its business to other cryptocurrency companies, including Coinbase, according to publications that cite anonymous persons as their sources. In response to the reports, Blockchain.com issued the following statement: “No Blockchain.com firms are for sale.” Blockchain.com is not a vendor of assets but rather a buyer of them. However, from October 2022, the firm has been making efforts to raise more funding for its operations. This is being done…

Helium Network to Migrate to Solana Blockchain

In an effort to increase both its scalability and its dependability, the communications protocol Helium Network has set the date of March 27 as the target for its transfer to the Solana blockchain and the deployment of Oracles. The current iteration of the Helium blockchain will be put on hold on March 27, as stated in a blog post that was published on the 17th of February. This transition time will last for twenty-four hours. The operations related to proof-of-coverage and data transmission will not be disrupted in any way.…

How the Ordinals movement will benefit the Bitcoin blockchain

Bitcoin (BTC) NFTs will have a positive impact on Bitcoin ecosystem by improving its security and incentivizing developers to build on the network, according to independent developer Udi Wertheimer.  The number of newly created Ordinals, also referred to as “inscriptions”, have been spiking in recent weeks, causing a surge in transaction fees and average block size on the Bitcoin blockchain.  According to Wertheimer, Bitcoin NFTs are going to be beneficial for Bitcoin’s security budget: by driving up transaction fees, the creation of Ordinals will incentivize miners to secure the network…

The European Commission Announces the Launch of the European Blockchain Regulatory Sandbox

On February 15, the European Commission made the announcement that it will be launching the European Blockchain Regulatory Sandbox. The regulatory sandbox will serve as a forum for discussion around 20 new projects each year until the year 2026. The sandbox was first announced in the year 2020, and it is now being managed by a number of private companies who were successful in winning bids in the year 2022. The Digital Europe Program will be responsible for providing the funding. Use cases from the public and commercial sectors that…

Sam Bankman-Fried’s Secret Use of the Internet While on Bail Could Land Him in Jail – Blockchain News, Opinion, TV and Jobs

On Thursday, Feb. 16th, FTX founder Sam Bankman-Fried had to return to the Manhattan federal court in New York for the second time in two weeks, to explain in court why he keeps making illegal use of the internet while on bail. Bankman-Fried is currently living at his parent’s home in Palo Alto, California, while awaiting and preparing for his upcoming trial in October. Bankman-Fried’s illegal digital behaviour might now affect his bail as the government doesn’t seem to have been able to monitor his every online move. A federal…

BlockTower Capital Crypto Asset Management Firm Loses $1.5M in DeFi Market Aggregator Dexible Exploit: Blockchain Data

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Blockchain is changing the way we fight for sustainability

The COP has also created tools to prevent climate doomsday. Such economic tools as voluntary and compliance carbon markets, carbon credits, green bonds and other green assets tied to positive environmental impact play a crucial role in decarbonization global efforts. However, they are often inaccessible to small and medium-sized companies from developing countries. The main reasons are high upfront costs and complex structuring processes in line with global green standards. Positive and negative impacts on the environment have to be forecasted and described according to approved methodologies. This information is…

Interview with Former Chief Financial Officer of Binance, Now CEO of Coins.ph, Wei Zhou – Blockchain News, Opinion, TV and Jobs

Last year former Binance Chief Financial Officer Wei Zhou bought Coins.ph, a mobile wallet and digital currency exchange, from Indonesian technology company Gojek. Coins.ph, also called the Coinbase of Southeast Asia, was founded in 2014 and was one of the earliest crypto wallets and exchanges in the Philippines. It later shifted its focus to providing broader financial services. Zhou had previously left Binance for personal reasons. He had worked there for three years. BCN: How do you feel about governments trying to regulate crypto platforms, which seems to be the…