Category: Blockchain

Bitcoin Whales are in Accumulation Mode – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Despite the bearish price action we have seen over the past year, Glassnode data indicates that Bitcoin whales have continued to accumulate. According to Glassnode, Bitcoin whale addresses (number of Bitcoin addresses above 10,000 Bitcoin) has risen sharply this year, as shown below. This means there is a significantly larger portion of Bitcoin whales now compared to the start of the year, as whales have decided to accumulate more Bitcoin whilst It is discounted. MicroStrategy is one Bitcoin…

BTC Blockchain Processed Over $8 Trillion In Transactions Last Year

Something big just happened on the Bitcoin blockchain. Crypto analytics firm CoinMetrics noted that $8 trillion worth of transactions have been made on the crypto king blockchain. This means that more and more people are using Bitcoin to transact in their daily lives more than ever. But does this mean a widespread adoption is already underway?  What Does This Milestone Mean?  The $8 trillion transaction metric might not be so much of a big deal as some would hope. The number was generated over the course of 2022, a period…

Square Enix Will Make Aggressive Investment In Blockchain

The legendary gaming studio Square Enix will continue to double down on Blockchain technology and digital assets in 2023. In a letter published by the company’s president Yosuke Matsuda, the company committed to focusing on “blockchain entertainment” and Web3.  In 2022, Square Enix explored non-fungible token (NFT) initiatives. According to the company’s latest financial results, the digital asset and blockchain-based business saw positive feedback and good reception. Matsuda said: (…) we are most focused on blockchain entertainment, to which we have devoted aggressive investment and business development efforts. Looking externally,…

Morocco Completed Crypto Regulation | Blockchain News

It’s possible that Morocco will introduce its first crypto law sometime in the next few days The paper was initially produced by the Central Bank, and it is currently being reviewed by the industry stakeholders that have an interest in the topic. Towards the end of the month, during the course of the press conference, the Governor of Morocco’s Central Bank, Bank Al-Maghrib (BAM), Abdellatif Jouahiri, announced that there would be a series of meetings that would take place between the BAM and the market actors. In addition, regulatory authorities…

Final Fantasy creator reveals ‘aggressive investment’ in blockchain games

Final Fantasy creator Square Enix is set to double down on blockchain game development despite turbulence in the crypto market, according to a Jan. 1 letter from the company’s president, Yosuke Matsuda. The letter, titled “A New Year’s Letter from the President,” aimed to recap the company’s major accomplishments in 2022 and explain its plans for 2023. Out of 15 paragraphs, seven were about blockchain gaming, showing that blockchain gaming is a major focus of the company’s investing strategy going forward. ⚔An introduction to SYMBIOGENESIS ①⚔ Starting from today we’ll…

Blockchain-based Digital Identification For Online Public Services In Turkey

The process of registering for online public services in Turkey is going to incorporate blockchain technology at some point in the not-too-distant future, according to the plans of the Turkish government. E-Devlet is a digital government site that is utilized in Turkey to access a broad variety of public services. In order to validate the identity of a resident of Turkey who logs into E-Devlet, the site will use a digital identity that is based on blockchain technology. This will make it possible for E-Devlet to check the resident’s capability…

Over 1,400 Chinese firms operating in blockchain industry, national whitepaper shows

On Dec 29, the state-owned China Academy for Information and Communications Technology, or CAICT, published a document titled “2022 Blockchain Whitepaper.” According to the paper, more than 1,400 blockchain firms are currently based in Mainland China. Together with the U.S., the two countries represent a 52% market share in terms of global blockchain enterprises.  The CAICT also disclosed that around 48 post-secondary institutions across China have introduced “blockchain engineering” related degrees and certifications. In the report, the institution detailed four types of blockchain technologies with high application potential. First, “settlement…

Blockchain analytics unable to prevent FTX-level illicit schemes

Data transparency has been a focal point for the crypto industry, but the FTX fiasco has shown that centralized exchanges (CEX) are not transparent enough. So far, crypto analytics firms are apparently not capable of tracking transactions to prevent collapses like FTX. All Bitcoin (BTC) transactions are available publicly on-chain, which enables tracking such transactions when sending crypto from one address to another. However, this is not the case when it comes to interacting with a centralized crypto exchange. Cointelegraph spoke with executives at blockchain intelligence firms, including Chainalysis, Nansen…

BMW taps Coinweb and BNB chain for blockchain loyalty program

German car manufacturer BMW plans to integrate blockchain technology into its daily operations and create a blockchain loyalty program for its customers in Thailand. The popular carmaker has onboarded blockchain infrastructure firm Coinweb as its decentralized architecture provider and BNB Chain for settling transactions. The integration of blockchain technology into BMW’s workflow will take place in two phases. First, the decentralized tech will be integrated into BMW’s daily operations with the goal of automating time-consuming manual processes and streamlining the company’s automobile financing services. The second phase of the project…