Category: Blockchain

U.S. GDP Grows by 2.6% – What Does This Mean for Crypto? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin remains above $20k, as U.S. GDP for Q3 is recorded as 2.6%, beating the expected 2.4% and coming in significantly higher than the previous decline of 0.6%. So far, the market has responded positively to this news, potentially due to the decreased chances of an economic recession. However, this positive reaction to the news could be short-lived, as it infers that the Federal Reserve have been given the green light to carry on with their aggressive policy measures and continue…

Blockchain.com Accepts Visa Debit Cards for Crypto Payment

Blockchain.com has accepted Visa debit cards payment to enable users to spend from their crypto balances free of charge, with the opportunity to gain cryptocurrency rewards. Per the announcement: “Initially available to US residents, users can spend their crypto or cash within their Blockchain.com Wallet without fees and earn 1% back in crypto anywhere Visa debit cards are accepted.” Blockchain.com Visa Card seeks to make crypto usage easier, given that it leverages Marqeta’s latest card issuing platform and Visa’s payments network.  Peter Smith, the co-founder and CEO of…

Blockchain.com partners with Visa to offer crypto debit card

Crypto exchange Blockchain.com has partnered with Visa to launch a crypto card, available to only U.S. residents initially, which allows users to pay using their crypto or cash balance wherever Visa debit cards are accepted. In an Oct. 26 announcement, Blockchain.com revealed that there would be no sign-up or annual fees, no transaction fees, and users would earn 1% of all purchases back in crypto. In a Yahoo Finance interview, Blockchain.com CEO Peter Smith said the card already had 50,000 signed onto a waiting list, noting: “There’s still a lot…

Blockchain.com Introduces A Visa Debit Card That Allows Users To Pay In Crypto

Blockchain.com, a renowned and trusted platform to buy, sell, and trade crypto, has recently announced its Visa debit card. The introduction of this debit card has been expected for quite some time now. The Blockchain.com Visa card has a huge waitlist of 50,000 people wanting to sign up. The card is already at its launch. The debit card will allow users to pay with digital currency or fiat balances. It will be initially made available to people living in the US. Users will be able to use their crypto-or fiat…

BaaS to Boost Blockchain Adoption in the Healthcare Market, Study Shows

The enhanced adoption of blockchain as a service (BaaS) is anticipated to boost the blockchain in the healthcare market, according to a report by Research and Markets.  Since BaaS entails third-party management and the creation of cloud-based networks needed to build blockchain applications, it seeks to render better scalability, access controls, and customizability in the healthcare sector. BaaS is one of the key factors expected to push the value of the blockchain in the healthcare market to $4.46 billion in 2026, making a compound annual growth rate (CAGR) of 38.1%.…

5% Global Business Transactions Expected to Utilize Blockchain Technology by 2028: SkyQuest

At least 5% of worldwide business transactions are expected to utilize blockchain technology thanks to heightened activity in the fintech blockchain market, according to a report by research firm SkyQuest.  Per the report: “The global fintech blockchain market will reach $2.65 billion by 2028. This growth is due in part to the increasing need for transparency and accuracy in financial transactions, as well as the potential for blockchain to improve efficiency and security in banking systems.” Therefore, the fintech blockchain market is expected to record a compound annual…

ShareRing Rolls Out Skinny ID for Frictionless Blockchain-Based Digital Identity Solutions

ShareRing, a blockchain-based ecosystem providing digital identity solutions, has launched Skinny ID, aimed at offering a seamless and frictionless onboarding process.    Per the announcement: “Introducing Skinny ID, ShareRing’s simplified sign-up process that removes friction on the onboarding journey and allows users to explore the ShareRing ecosystem without having to provide any government IDs.” Being a user-focused blockchain platform, ShareRing enables the issuance, storage, verification, and sharing of personal information and key documents. The report noted: “Previously, ShareRing’s initial onboarding journey added friction to users who were…

Santander bank trials blockchain platform for used cars in Brazil

Major global bank Santander continues exploring the benefits of blockchain technology, with a local branch implementing blockchain for vehicle trading and car registration. Santander Brasil has launched testing of a blockchain-based tokenization platform for transferring ownership of used cars in Brazil, Cointelegraph Brasil reported on Oct. 19. The platform is designed to automate the process of transferring property registration by deploying smart contracts based on a delivery versus payment (DVP), a settlement method guaranteeing the ownership transfer after successful payment. Santander’s latest vehicle registration solution is developed in partnership with…

Web3 dev, EVM sharding and crypto banking headline blockchain funding deals

Web3 dominance within crypto funding rounds has been well documented by Cointelegraph Research. In addition to the Web3 mega funds announced recently, venture capital has also been making smaller, more targeted investments in the sector. In this week’s Venture Capital (VC) Roundup, we chronicle the latest Web3 funding initiatives and draw attention to a sharding platform, nonfungible token (NFT) marketplace, crypto banking solution and co-ownership infrastructure provider.  Related: Blockchain games and metaverse projects raised $1.3B in Q3: DappRadar Gamers, athletes and content creators back WWVentures WWVentures, a boutique crypto venture…

Telegram Employs Blockchain-Based Mechanism to Auction Usernames

The Telegram messaging application, one of the top 10 most popular apps globally is yet again breaking ground in the blockchain ecosystem by organizing a bid for unique usernames that are not in use to interested users. Telegram’s CEO Pavel Durov gave the news in a statement made through the company’s official channel.    Telegram users will be allowed to buy and sell unique preowned usernames in protected contracts by using the Telegram Open Network (TON). The company concluded using TON since it is fast and highly scalable and TON…