Appearing before students at Istanbul University during the Blockchain Istanbul Programme organized by his Justice and Development Party (AKP), Erdoğan said he wants to see Turkey be a producer, not a consumer, in the digital assets world, according to a report by Alp Börü for CoinDesk Turkey. Source link
By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). As Bitcoin continues to crab sideways, Fidelity Digital Assets prove their optimism about the long term prospects of the crypto industry. The Digital Assets unit of the investment giant unit is doubling down on hiring, as they plan to add another 100 new staff over the next six months. Chris Tyrer, head of Fidelity Digital Assets Europe and head of Fidelity Digital Asset Management, said during a panel at the Blockworks Digital Asset Summit in London this week: “We’ve gone…
Developers of the decentralized exchange, PancakeSwap, on October 20, proposed its deployment to the Aptos blockchain due to the chain’s innovative and technical capabilities. The proposal read, “After careful analysis, we are proposing to deploy on Aptos.” Currently, PancakeSwap is based on the BNB chain with a daily volume of about $47 million. However, the protocol developer wants to try a new move by migrating to Aptos. Citing the proposal, PancakeSwap chose to deploy to the Aptos chain because it is a next-generation Layer 1 with low transaction costs, high…
Nubank, a fintech bank based in Brazil, has announced it’s set to launch its own digital token called Nucoin which will be available by the first half of 2023. According to the announcement, Nucoin will be used in the bank’s plans as part of its loyalty program to offer customers discounts and benefits. Nucoin will be built on the Polygon blockchain.‘’The idea is to use the technology and technical support of the Polygon network to develop and expand the digital currency,’’ said Nubank in the announcement. Sandeep Nailwal, the co-founder…
Celestia Foundation announced on Oct. 18 that it had raised $55 million in a funding round led by Bain Capital Crypto, Polychain Capital, Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, Jump Crypto, and angel investors; Balaji Srinivasan, Eric Wall, and Jutta Steiner. Celestia is building a modular blockchain architecture with the hope of solving challenges inherent when deploying and scaling blockchains. The company suggested that it intends to build infrastructure that will make it easy for anyone with the technical know-how…
By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin remains above $19,000, as it could be establishing a floor from $17,600 to around $19,000, before a significant relief rally to the upside. Sell pressure continues to be absorbed, despite the negative macroeconomic news. The report released yesterday by the Bitcoin Mining Council (BMC) has raised some eyebrows, however, as it showed that Bitcoin has seen a 41% increase in energy consumption year-over-year (YoY). This has raised some concerns that regulators could clamp down on crypto mining. Nonetheless, mining…
Nubank, a fintech bank in Brazil, announced the creation of the Nucoin token on the Polygon blockchain on Oct. 19, paving the way for a rewards program for its 70 million clients across Latin America. The company said that the token will be available in the first half of 2023, and will recognize customer loyalty and engagement with the bank products without cost or fees for its users. The tokens can be redeemed for perks, discounts in selected products. Fernando Czapski, General Manager for Nucoin at Nubank, stated: “This project…
Turkish President Recep Tayyip Erdoğan unveiled new details about the e-Human project powered by blockchain ahead of Turkey’s national blockchain summit. Cointelegraph Turkey reported the e-Human project will be based on blockchain tech to keep all services, data and capabilities used by the system under protection. While it has a sci-fi name, Turkey’s e-Human project acts as a digital service point where Turkish Presidency can share data related to its services and tools related to career, remote education, talent acquisition. Students, new graduates and public employees can access job and…
Shardeum is an Ethereum Virtual Machine (EVM)-based sharded blockchain, meaning anything that works on Ethereum can work on Shardeum. Sharding generally refers to splitting a blockchain’s infrastructure into smaller pieces to improve scalability, a noted problem with Ethereum, and improve both transaction times and fees. Shardeum can scale infinitely, expanding transactions per second as demand increases, explained Shetty. Source link
Based on blockchain’s inherent capability of tackling fraudulent transactions, this cutting-edge technology is expected to continue being adopted in the banking and financial services sector, according to HashCash Consultants CEO Raj Chowdhury. Chowdhury pointed out: “Innovations such as blockchain empower public finance managers with greater visibility and control of public fund utilization in real-time. Efficient use of public money will lead to improved services for the public, economic boost, and improvement of the community as a whole.” With research forecasting that the worldwide blockchain expenditure will clock $67.4…