Category: Blockchain

Led by Bitcoin, blockchain industry starts 2023 off strong: Report

2023 is off to a great start, with Bitcoin (BTC) rocketing up 40% in January. The good news is not relegated to just Bitcoin, however, as this price increase has sent ripple effects across the cryptoverse. Mining revenue jumped $22.66 million in January, and crypto-related stocks doubled on average. Despite this good news, venture capital investments are down 23% from the previous month.  Download and purchase this report on the Cointelegraph Research Terminal. For a more detailed look into the various sectors of the crypto space, including venture capital, derivatives,…

Paxos ordered to Halt U.S. Dollar-Pegged Binance Stablecoin BUSDT- Has the SEC War on Crypto Begun? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin is currently testing $21,500, a key support level, whilst US regulators hone in on crypto firms. The SEC is suing Paxos, the issuer of BUSD, and has labelled BUSD as an “unregistered security”. Paxos has been ordered by the New York Department of Financial Services (who regulate Paxos) to stop issuing BUSD. Binance CEO, CZ, has announced that they will continue to support Binance USD, but they “foresee users migrating to other stablecoins over time,” and they will…

Blockchain tech still far from hitting the esport big leagues, says investor

Small esports tournament organizers have started dabbling in blockchain tech to host tournaments and distribute prize pools. However, don’t expect to see it in the big leagues just yet, says an investor. Esports, or electronic sports, is a form of organized competition via video games. Players sometimes referred to as esports athletes usually compete for prize money either individually or as a team. Dave Harris, managing director of esports investment firm Guinevere Capital, told Cointelegraph that he has begun seeing blockchain being used in amateur gaming competitions. In his opinion,…

Shopify Launches Blockchain Commerce Tools to Enhance User Experience

E-commerce giant Shopify, which is crypto-friendly, has released a suite of blockchain commerce tools with the intention of improving the customer experience of its Web3-focused businesses that are housed on the platform. Particularly noted are the improved functionality for connecting crypto wallets and the “tokengating” application programming interface (API) tools. The latter was previously exclusively accessible to a limited number of retailers until it entered early access beta access mode in June 2022. Through the use of tokengating, relevant Shopify merchants now have the ability to build up their businesses…

Deposit Coins May Be the Best Blockchain Option for Commercial Banking

JPMorgan Chase and Oliver Wyman, which is a corporation that specializes in consulting, worked together to do research on the potential applications of blockchain technology in commercial banking. The subsequent steps were for the two businesses to publish their findings in a report on February 9th, which was then made available to the entire public. On the other hand, the writers make it a point to underline the advantages given by deposit coins in terms of their dependability and stability. They say this as a point of differentiation between deposit…

Shopify Launches Comprehensive Blockchain Suite For Merchants

E-commerce giant Shopify has launched its new blockchain suite of products for merchants. This development is expected to improve user experience on web3-based stores hosted on Shopify. In addition, merchants can utilize token gating and leverage new features on the expanded wallet ecosystem.  Blockchain Suite Offers Shopify Users Great Benefits   According to Shopify’s blockchain team designer ryancreatescopy on Twitter, merchants can use new tools to build token gating apps on the e-commerce platform. Token gating is a common feature in the Web3 space and is a verification method for communities…

China To Launch Research Center For Blockchain Innovation

China has decided to move deeper into blockchain technology after its ban on cryptocurrency transactions in 2021. A recent report from China Daily noted that the country is about to launch a research center for blockchain innovation in Beijing. China’s National Blockchain Innovation Center will work with local universities, blockchain experts, and firms to explore core blockchain technologies.  China Readies To Boost Its Digital Infrastructure According to the report, the research will yield results that will play vital roles in supporting China’s new digital infrastructure. The report noted that the…

Ethereum Blockchain Sets Late-February Date for Sepolia Testnet to Undergo Shanghai Hard Fork, Allowing Simulation of Staked Ether Withdrawals

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Chiliz Launches Layer-1 Blockchain to Support Growth

Chiliz, a platform for fan tokens, has now announced the launching of its very own layer-1 Ethereum Virtual Machine (EVM) compatible blockchain environment. This move was made to allow the network to continue expanding five years after its first appearance. The Chiliz fan token ecosystem has been propelled by ERC-20 tokens that are based on Ethereum since since the project’s launch. However, after the genesis block of the Chiliz 2.0 blockchain has been successfully validated, the community will shift to its very own layer 1. It is anticipated that the…