Category: Blockchain

EOS Foundation Signs MoU with Busan City to Boost Blockchain Investments

Following its recent partnership with crypto exchanges such as Binance, FTX, and Huobi to help develop its blockchain infrastructure, Busan, a city in South Korea, has now signed a Memorandum of Understanding (MoU) with a not-for-profit organization, EOS Network Foundation. This signing was done along with a partnership with a group of blockchain venture firms, OKX Blockdream Ventures, AlphaNonce, CoinNess, Foresight Ventures, and Ragnar Capital Management.   “We hope to invest in and bring over interesting projects to the city of Busan,” said Tony Cheng, Foresight Ventures General Partner. He…

City of Busan Signs MoU with OKX’s Investment Arm to Spur Blockchain Growth

The City of Busan in South Korea has signed a Memorandum of Understanding (MoU) with OKX Blockdream Ventures, the investment arm of crypto exchange OKX, to enhance its blockchain sector.  Per the announcement: “As part of the agreement, the City of Busan will encourage investors to increase their investments in the Busan blockchain sector. In addition, the City of Busan will supply the necessary resources to attract large amounts of foreign capital for blockchain sector development.” Therefore, OKX Blockdream Ventures will propel Busan City’s blockchain industry by recruiting…

Google Cloud Introduces Blockchain Node Engine for Web3 Development

Google Cloud’s latest launch, Blockchain Node Engine, aims to help Web3 developers build and deploy new products on blockchain-based platforms. The latest on the list of firms leveraging the functions of Blockchain technology is Google, with its newly released Blockchain Node Engine aimed at helping web3 development.    Per the company’s announcement, the new solution was debuted to cater to the needs of developers instead of making use of self-managed nodes that are quite tasking and require consistent management.   Web3 firms who feel the necessity for devoted nodes can…

Can the Declining ECI Spark a Bitcoin Rally? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin found resistance yesterday at the 100 daily moving average yesterday and pulled back to $20,000. As mentioned as a possibility in yesterday’s commentary, the strong economic data, coupled with weak earnings for big tech companies such as Amazon, led to a decline in crypto last night. However, Bitcoin is rallying today after we received Employment Cost Index data (ECI), which came in as expected at 1.2%. This number continues the declining trend in ECI. However, when we look at…

Musk fires Twitter execs, research stirs blockchain energy debate and CFTC brass shares crypto concerns: Hodler’s Digest, Oct. 23-29

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Twitter’s top brass gutted as Elon Musk’s takeover begins Elon Musk’s purchase of Twitter became final this week, after which he reportedly fired three top-level executives: CEO Parag Agrawal, head of legal and policy Vijaya Gadde and chief financial officer Ned Segal. Musk reportedly claims…

Binance may form a team to support Twitter’s blockchain efforts

According to reports on Oct. 28, the crypto exchange Binance intends to create a team to work on crypto and blockchain solutions for Twitter, following the acquisition of the social media company by tech billionaire Elon Musk. The development came hours after Binance’s founder and CEO, Changpeng Zhao, or CZ, confirmed that the company had backed Musk with $500 million in financing, making the crypto exchange the fourth-biggest contributor to the takeover amid 19 investors that provided $7 billion to Tesla’s founder. On Twitter, CZ confirmed that the money was wired earlier…

Blockchain Venture Firms to Invest $100M in Busan for Ecosystem Development

Since being approved as a “regulation-free blockchain zone” by the South Korean government in 2019, Busan has been pushing itself as a blockchain hub and entered into several partnerships with firms in the industry. It has signed agreements with some of the world’s largest crypto exchanges including Binance, FTX and Huobi to help develop the blockchain infrastructure, with some intending to establish presences there in the near future. Source link

Google Unveils New Blockchain Node Engine

Google is rolling out a new blockchain node engine for web3 devs this week, according to a press release on Thursday. This latest initiative from the powerhouse tech firm reflects a continued investment into web3 infrastructure, and looks to be another stepping-stone ‘win’ for the company in building goodwill with web3 developers. What It Is & What It Means The press release serves as the first formal announcement for Google Cloud’s Blockchain Node Engine, which will start with Ethereum node management. The engine is expected to be a “fully managed…

Google Introduces Cloud-Based Blockchain Node Service for Ethereum

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Google launches blockchain node engine for Web3 developers

According to an Oct. 27 announcement, tech-giant Google is launching an in-house Blockchain Node Engine (BNE) based on Google Cloud. As a node-hosting service, BNE enables Web3 companies to relay transactions, deploy smart contracts, and read or write blockchain data directly on Google Cloud. Ethereum will be the first blockchain supported by BNE. As told by Google:  “Today, manually deploying a node is a time-intensive process that involves provisioning a compute instance, installing an Ethereum client, and waiting for the node to sync with the network. […] Google Cloud’s BNE…