Category: Blockchain

Tether (USDT) to Discontinue Support for Multiple Blockchain Implementations by 2025

Tether, the issuer of the widely used stablecoin USD₮ (USDT), has announced a strategic shift in its blockchain support strategy. According to tether.io, the company will discontinue support for USD₮ and EUR₮ on the Omni, Kusama, SLP, EOS, and Algorand blockchains by September 1, 2025. Community-Driven Decisions Tether emphasizes that community input plays a crucial role in its decision-making process. The company evaluates several factors, including network security, customer support, regulatory compliance, and oversight, to ensure user safety and sustainability. This strategic shift aims to…

Building a Flexible Blockchain Payments Solution: Key Considerations

As organizations increasingly identify business and revenue opportunities in blockchain technology, the need to implement efficient and flexible blockchain payments solutions becomes paramount. According to Fireblocks, integrating blockchain into existing offerings or creating new digital asset products requires careful planning and strategic execution. Key Considerations for Building a Blockchain Payments Solution Building a blockchain payments solution involves several critical elements. The three main categories to focus on are Wallet Infrastructure and Security, Ecosystem Partners, and Operational Workflows. Wallet Infrastructure and Security The foundation of any…

US Senate Suggests Blockchain Can Enhance National Security

The United States Senate Committee on Armed Services recently recommended exploring Blockchain usage to enhance the country’s national security.  The Committee issued a report directing the Department of Defense (DoD) to consider the emerging technology and test its potential applications within the defense sector. US Senate Military Committee Calls For Blockchain Development The US Military Senate Committee issued the National Defense Authorization Act (NDAA) for the fiscal year 2025. In the report, the committee authorized next year’s appropriations for military activities of the Department of Defense and military construction. The…

Sei Network Opens Access to Parallel EVM Blockchain

Sei Network has officially announced the launch of its much-anticipated parallel EVM blockchain, Sei v2 mainnet beta, which is now accessible to the public. This development marks a significant milestone in Sei’s mission to build the fastest blockchain optimized for the exchange of digital assets. Accelerating the Ethereum Ecosystem Sei v2 aims to enhance the Ethereum ecosystem by providing developers with the opportunity to build on what is claimed to be the most performant EVM blockchain available. The parallelized EVM architecture of Sei v2 is…

Chainalysis’ Jackie Burns Koven Discusses Blockchain Security on Accel Spotlight Podcast

In a special episode of the Public Key podcast, Jackie Burns Koven, Head of Cyber Threat Intelligence at Chainalysis, shared her insights on blockchain security and the evolving threat landscape with Amit Kumar, Partner at Accel, according to Chainalysis. Building Trust in New Technologies Koven highlighted the challenges and opportunities in building trust in emerging technologies. She discussed how Chainalysis has been pivotal in solving high-profile criminal cases and expanding consumer access to cryptocurrency since its launch in 2014. Koven joined Chainalysis in 2019 after…

Tether (USDT) Collaborates with Vietnam Blockchain Association to Boost Blockchain and AI Education

Tether Operations Limited, the prominent entity in the digital asset industry, has announced a strategic partnership with the Vietnam Blockchain Association (VBA) aimed at advancing blockchain and artificial intelligence (AI) education in Vietnam. This initiative, revealed on July 9, 2024, focuses on educating public stakeholders through a series of conferences and workshops, according to Tether.io. Objectives of the Collaboration The collaboration aims to foster knowledge-sharing and capacity-building within the blockchain industry. Based in Ho Chi Minh City, the VBA is instrumental in standardizing and promoting…

Tezos Introduces Jstz: Empowering Blockchain Development with JavaScript

Tezos is set to revolutionize blockchain development with the introduction of Jstz, a Smart Rollup powered by JavaScript. According to Tezos Spotlight, this innovative step aims to lower the barriers for developers entering the blockchain space by enabling them to use familiar tools and languages. Breaking Down Barriers Traditionally, blockchain development has required the use of bespoke languages and tools, creating a significant barrier to entry. Jstz, however, aims to democratize access by allowing developers to use JavaScript, a language known and loved by nearly…

MEW Token Challenges Dog-Themed Memecoins on Solana Blockchain

Cat in a dog’s world (MEW) is a cryptocurrency project that stands out in the crowded Solana ecosystem memecoin landscape by adopting a unique cat-themed narrative. Launched on March 25, 2024, on the Solana blockchain, MEW aims to challenge the dominance of dog-themed coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The project combines a strategic burning mechanism and intentional airdrops to build value, community, and scarcity. Within hours of its launch, MEW attracted significant attention, reportedly recording $150 million in transaction value and quickly…

Astar Network Emerges as Preferred Blockchain for Global Enterprises

Astar Network has solidified its position as a leading blockchain platform for global enterprises, according to astar.network. The recent Yoki Origins campaign, which marked the launch of Astar zkEVM, demonstrated the network’s potential by onboarding numerous projects and achieving significant milestones. Launch of Astar zkEVM Astar Network introduced Astar zkEVM, a Layer 2 network that offers fast processing speeds and low gas costs while maintaining Ethereum’s security. The platform allows seamless asset transfers from Ethereum and features extended tools such as credit card payments, making…

Understanding Payment Structures in Taiko’s Self-Sustaining Blockchain Network

In order for a network to be self-sustaining, there need to be mechanisms in place that help regulate the way things are done. This is especially important in the context of blockchains, where smart contracts enable trustless and transparent transactions, according to taiko.mirror.xyz. Different types of network participants play varying roles to ensure these complex systems function as needed. But there’s no such thing as a free lunch. Network participants must be somehow incentivized to play their roles. This is where payment structures come into…