Category: Blockchain

California Cannabis Grower Using Blockchain For Tracking

A cannabis nursery located in California has used blockchain technology and smart contracts in order to confirm the genuineness of the therapeutic plants they sell. The cannabis nursery, which goes by the name Mendocino Clone Company, was given its moniker on January 13 in a statement about a cooperation between the EMTRI project and the technology company Global Compliance Applications. To issue a batch certificate for each and every clone, also known as a baby plant, it will be necessary to make use of the capabilities offered by the blockchain…

3 blockchain use cases far beyond crypto

Blockchain use cases have expanded far beyond cryptocurrency in the past years, with multiple industries embracing the technology in a wide range of fields, including healthcare, logistics, and financial services.  The hype has many reasons behind it. Blockchains are decentralized, transparent, and increase the capacity of a whole network, opening a window for solutions that require significant computational power. More importantly, it gives users the capacity to control their assets, including their data, without relying on third parties. As blockchain evolves, companies across the world are working to find the…

Hive Blockchain Deploys First Intel-Powered Bitcoin Mining Machines

More than 1,500 of the Intel-powered machines have already been installed across the miner’s facilities in Canada and Sweden and they have met performance targets, the miner said. Hive had initially ordered 13,000 machines to be manufactured in 2022, but reduced the order “to methodically scale the business during the crypto bear market,” according to the Friday press release. Source link

Bitcoin Hits $19,200, But will Momentum Continue? – Blockchain News, Opinion, TV and Jobs

Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin is currently facing resistance at $19,200, and yesterday’s CPI news could provide some hope for the outlook of global markets and crypto in 2023. Bitcoin is rallying after the release, as CPI was expected to decrease by 0.1% month-over-month, and headline year-over-year CPI is expected to decrease from 7.1% to 6.55%, which it did. The latest inflation data, which were released on Thursday by the Bureau of Labor Statistics, showed prices were 6.5 percent higher in December than they…

Blockchain.com Slashes Workforce Crypto Industry Downturn

The crypto ecosystem is facing significant headwinds as its course corrects from the challenges of the last year. To better balance product offerings with demand, we’ve made the difficult decision to reduce operating costs and headcount to rightsize the company. Blockchain.com currently has about 280 employees left, after starting off with 160 members at the beginning of 2021. The company added that all affected employees will be receiving severance packages. However, the packages will differ depending on the country an employee resides. Crypto Companies That Have Cut Their Workforce The…

‘Wall of worry’ led to digital wallets, blockchain tech ignored: Cathie Wood

ARK Invest CEO Cathie Wood believes that digital wallets and blockchain tech were among “game-changing innovations” that the equity markets largely ignored in 2022.  In a Jan. 12 blog post on the ARK Invest website, Wood suggested that the equity market faced a “wall of worry” in 2022, caused by fears of entrenched inflation and higher interest rates, and largely ignored a number of innovative technologies. Wood highlighted that digital wallets are “replacing cash and credit cards,” noting that they overtook cash as the top transaction method for offline commerce…

90% of businesses adopting blockchain technology, data

The crypto and blockchain space has had a turbulent past year, but that is not stopping users and enterprises from looking into the industry. A new survey from CasperLabs and Zogby Analytics revealed that the sentiment around blockchain adoption is especially positive among enterprises. The poll was conducted via 603 business enterprise “decision makers” in the United States, the United Kingdom and China. Nearly 90% of the businesses surveyed reported deploying blockchain technology in some capacity, with 87% saying they plan to invest in blockchain in the next year. This is particularly…

Abu Dhabi-based Venom Foundation creates $1B Web3 and blockchain fund.

Venom Foundation, which operates as a blockchain platform and is based in Abu Dhabi, and Iceberg Capital, which operates as an investment management firm and is based in New York, recently made the announcement that they would work together to provide Web3 and blockchain companies with funding in the amount of one billion dollars. The Venom Ventures Fund plans to make investments in protocols and decentralized applications (DApps) for the Web3 platform that focus on payment processing, asset management, decentralized finance (DeFi), and gaming finance (GameFi) products and services. Iceberg…

Abu Dhabi-based Venom Foundation launches $1B fund for Web3 and blockchain

Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceberg Capital announced they will allocate $1 billion of funding to Web3 and blockchain firms through a new partnership. The Venom Ventures Fund is set to invest in protocols and Web3 decentralized applications (DApps) focused on payments, asset management, decentralized finance (DeFi) and GameFi products and services. The fund is a partnership between layer-1 blockchain solution, Venom Foundation and Abu Dhabi Global Market (ADGM) investment management firm, Iceberg Capital. The latter will look to leverage its existing network to offer incubation…

Argo Blockchain mines 25% less Bitcoin due to winter storm at Helios

Publicly-listed Bitcoin (BTC) mining company Argo Blockchain saw a significant drop in mining activity in December due to a winter storm in Texas. On Jan. 11, Argo released its first operational update since selling its flagship mining facility Helios to Mike Novogratz’s Galaxy Digital. The company said it mined 147 Bitcoin or BTC equivalents in December, compared to 198 BTC in November 2022. As of Dec. 31, Argo held 141 BTC, with its December mining revenue amounting to $2.49 million, the firm said. Argo’s total debt was approximately $79 million,…