Category: Blockchain

JP Morgan U-turns on Crypto – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). As Bitcoin remains above $20,000, 66% of Bitcoin supply has not moved in a year, which is the largest percentage of supply last active over 1 year ago. This shows that BTC holders remain convinced in Bitcoin’s longevity. More institutions enter the DeFi space, as JP Morgan, DBS Bank, SBI, Standard Chartered Bank, HSBC, UOB Participate in Money Authority of Singapore (MAS) Digital Asset Pilots. MAS Is Sinapore’s central bank and has allowed the banks mentioned to execute their first…

Google Cloud Says Running Validator on Solana Blockchain

Google Cloud is running a validator on the Solana blockchain, according to an announcement from the company. The validator will soon add new features that will allow integration for Solana (SOL) developers and node runners. Following the news on Saturday, SOL rose 12% to around $36.80. It has come back down to $31.51 at the time of writing. Google Cloud announced on Twitter that besides the validator, the tech giant is also working to add its Blockchain Node Engine to the Solana chain in 2023. The Blockchain Node Engine is…

Vietnam to Propel Blockchain Training for Enhanced Competitiveness

To gain an upper hand in the blockchain sector, Vietnam is in high gear to boost human resources in this sector, according to the local media outlet Viet Nam News. Phạm Văn Huy, CEO of blockchain company MoonLab, pointed out: “The scarcity of human resources in this field is completely inevitable in both Việt Nam and internationally.” He added: “It is extremely difficult to recruit human resources specializing in this field as Blockchain is still quite new and there are no training programs at universities, colleges, or…

Blockchain Video Game Firm Mythical Games Lays Off 10% Of Workforce

Web3 game developer Mythical Games, which recently raised more than $270 million in venture capital has laid off its headcount by 10% as startups attempt to navigate a tough business environment and rush to rein in costs. Nate Nesbitt, a spokesperson for Mythical Games, talked about the development on Friday and said just like all firms, Mythical has been affected by the economic downturn and has had to reassess and restructure some areas of its business accordingly. The executive then said: “Unfortunately, as a result, we had to make the…

JP Morgan executes first DeFi trade on a public blockchain: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The first week of November proved to be the institutionalization of DeFi markets as major international banks and financial institutions executed and completed their first DeFi transaction. The global financial giant JP Morgan completed its first-ever cross-border transaction using DeFi on a public blockchain with the help of the Monetary Authority of Singapore’s (MAS) Project Guardian. DBS Bank started a trading test of foreign…

Web3 Wallets Will Help Onboard Blockchain’s Next Billion Users

I don’t know about you, but downloading a Web3 wallet and funding it for the first time was a nerve-wracking experience. Sending money without trusting some central authority with a familiar logo left me feeling unmoored; I refreshed my wallet a few times, waiting. After using it for a few months, I realized that this decentralized wallet was a very different beast from typical payment apps provided by banks or companies like Paypal. These wallets not only carried my crypto assets but also my login credentials and transaction history forming…

Demand for Blockchain and AI Expected to Push Market Value to $980.7M by 2030: Report

Since blockchain and artificial intelligence (AI) are among the greatest technological innovations, their demand is expected to make the market value soar to $980.7 million by 2030, according to Spherical Insights & Consulting. The market data intelligence company suggested that the global blockchain AI market is anticipated to record a compound annual growth rate (CAGR) of 24.06%. Per the report: “Both combined are able to provide robust outcomes, and become highly beneficial to various applications such as financial security, supply chain logistics, creating diverse datasets and many others.” Since…

UBS AG launches digital bond settled on blockchain and traditional exchanges

Swiss investment bank UBS AG introduced its hybrid digital bond on Nov. 3, claiming to be the world’s first publicly traded and settled on both blockchain-based and traditional exchanges. According to the bank, the digital bond has the same instrument structure, legal status and rating as a traditional UBS AG senior unsecured note. In its statement, the bank said: “Through this bond, UBS enables investors, regardless of whether they have the blockchain infrastructure, to invest in a digital bond. This removes a hurdle on the way to adopt new disruptive…

Canadian Energy Provider Hydro-Québec Proposes Stopping Electricity Supply to Blockchain Industry

The energy use of the miners have been a topic of debate globally. Most recently, A group of seven Democratic lawmakers in Washington, D.C., led by Sen. Elizabeth Warren (D-Mass), said they are looking into the energy usage and carbon emissions of the bitcoin mining industry in Texas, where many miners have setup their operations. The Electric Reliability Council of Texas (ERCOT) also expressed concerns that bitcoin mining’s enormous demand for energy in Texas is straining the state’s grid, adversely impacting consumers and U.S. climate goals. Source link

What will Crypto Twitter look like post-acquisition? Blockchain executives share their insights

Nearly seven months after Tesla CEO Elon Musk first made a tender offer to purchase social-media giant Twitter, the $44 billion deal finally came to a close, resembling much of the original terms despite a heated corporate tug-of-war. As a platform for news announcements, marketing, and developer-user communication in the blockchain realm, crypto enthusiasts have already begun to speculate on the future of Twitter now that it’s in the hands of the billionaire tech entrepreneur. At the annual Web Summit in Lisbon this week, Changpeng Zhao (CZ), CEO of cryptocurrency…