Category: Blockchain

Blockchain is the only viable path to privacy and censorship resistance in the 21st century

While censorship resistance and privacy are not the same thing, they are closely intertwined. When the government or another entity, such as an advertiser, can track everything you do, they can also sanction you for bad behavior. Instead of working backward to try and cover up seismic cracks in Web2 with duct tape, it may be time to move full speed ahead on ensuring these same mistakes don’t happen in Web3. By being proactive, the purported internet of the future could actually protect our private information and prevent overzealous or…

US Justice Dept Arrests Blockchain Company Official on Charges He Defrauded Firm of More Than $1M

According to the indictment, in 2018, Thapa agreed to receive and hold $1 million of his company’s money in his personal bank account while the firm explored other banking options. Thapa soon began using the funds on personal expenses such as nightclubs, travel and clothing, despite re-assuring the company that he was only holding the money “for safekeeping.” Source link

Argentine Government Creates National Blockchain Committee

“Blockchain technologies have emerged as one of the greatest innovations in the field of information technologies, providing the effective possibility of optimizing public-sector processes and the traceability, transparency and efficiency of the services provided to citizens by recording transactions with higher levels of security,” the government said in the decree. Source link

Never mind FTX — Fine arts institutions should still onboard to blockchain

The reality is that blockchain technology can still deliver substantial benefits, particularly within the fine arts. And for those who have been paying attention, 2022 has been a year of incredible normalization for nonfungible tokens (NFTs). Simply put, major institutions across various sectors have dipped their toes into Web3. In November, Instagram announced that creators would soon have the functionality to make and sell NFTs. Apple similarly announced in September that NFTs could be sold in its App Store. Put together, that’s 3.5 billion people (2 billion from Instagram and…

Sber Bank’s blockchain technology uses Metamask

By linking its blockchain platform with the Ethereum blockchain, the biggest bank in Russia is expanding its operations into the decentralized finance and web 3 industries. Sber, the bank that was once known as Sberbank and is now Russia’s biggest financial institution, is continuing to improve its blockchain platform by merging it with the Ethereum blockchain. On November 30, Sber made an official announcement on new potential for its proprietary blockchain technology. One of these chances is interoperability with apps and smart contracts that run on the Ethereum network. According…

FTX Japan prepares refund | Blockchain News

Nevertheless, in spite of the fact that it is one of the 134 companies that are now participating in the bankruptcy proceedings of FTX, the Japanese subsidiary has been working on a plan to refund customer cash. The Japanese subsidiary of the cryptocurrency exchange FTX has devised a plan to continue processing withdrawal requests after it was determined that the assets of its customers will not be affected by the bankruptcy procedures that are currently being carried out by the FTX cryptocurrency exchange, which has since ceased operations. On December…

Clearing company tests out securities transaction settlements on blockchain networks

The Digital Dollar Project and the Depository Trust & Clearing Corporation trialed a potential settlement system using tokenized securities and CBDC in real world conditions. The Digital Dollar Project (DDP) and the Depository Trust & Clearing Corporation (DTCC) released the results of their Security Settlement Pilot project Nov. 30. The project tested a simulated digital U.S. dollar in transactions with tokenized securities on a blockchain network under real-world conditions.  The project was designed “to better understand the implications of a U.S. Central Bank Digital Currency (CBDC) on post-trade settlement,” especially…

Blockchain breaking down the doors in electronic music community

Electronic music is big business. According to a report by the International Music Summit, in 2021, the electronic music sector was valued at $6 billion dollars and that sector is poised for significant further growth. That $6 billion dollar figure marks a 71% increase from the industry’s valuation in 2020, which was understandably much smaller due to the effects of the pandemic. While revenue is down from where it was in 2019, barring further massive disruptions, the industry is on pace in 2022 to surpass its pre-pandemic heights. This should…