Category: Blockchain

Aptos Blockchain Goes Live on Mainnet

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South Korea to Provide Blockchain-based Digital Identities to Citizens by 2024

South Korea plans to provide digital identities encrypted by blockchain with smartphones to citizens in 2024 to facilitate its economic development., Bloomberg reported Monday. The South Korean government stated that with the expansion of the digital economy, the ID embedded in the smartphone is an indispensable emerging technology to support the development of data. Through digital identities on the blockchain, the network verification process will be simplified, and users can log in without taking a certificate or a verification code sent by text. Widespread use based on digital IDs will…

Koreans to have access to blockchain-powered digital IDs by 2024

South Koreans could soon allow its citizens to use blockchain-based digital identification (ID) instead of physical cards as soon as 2024, as the nation further embraces blockchain technology. According to an Oct. 17 report from Bloomberg, a plan from the government will see digital IDs embedded as an app within mobile devices in the future, working in a similar fashion to physical resident registration cards. The digital IDs are expected to launch in 2024, with around 45 million citizens expected to adopt the technology within two years. An economist at…

Blockchain.com To Stop Crypto Accounts Of Russians Due To EU Sanctions

In a letter directed towards its users, Blockchain.com, a crypto wallet has mentioned that it shall block accounts of Russian nationals starting October 27, 2022. Blockchain.com will cease to provide this service because of the latest sanctions imposed by the European Union. This change is expected in the next two weeks, as per reports from a local news agency on October 14. The wallet platform provider will, however, continue to allow Russians to withdraw their funds until October 27, 2022. After that given date, there won’t be a chance to…

Blockchain Bridges Keep Getting Attacked. Here’s How to Prevent It

As these examples suggest, focusing on the shortcomings of bridges while failing to address ground-level security measures is not the way forward. Bridges per se are not the problem; technology is, after all, agnostic. The most common factor across exploits is human error. Post-hack investigations and subsequent fixes often serve to highlight our age-old tendency to close the barn door only after a horse has bolted. Source link

Bringing Blockchain to Indigenous Communities

“It’s a big issue – people making fake indigenous art, jewelry, copying designs,” says Foreman. “Our traditional makers aren’t making enough income, aren’t being [properly] valued in the traditional marketplace. They gather the mud from the riverside and hand-fire it. It’s hard for that to compete [on price] against someone who’s buying a pot made in a factory and just painting it.” Issuing non-fungible tokens to authenticate items created by IndigiDAO members could be one way to tackle fakes. Source link

Blockchain.com closes crypto custody for Russians amid EU sanctions

Crypto wallet provider Blockchain.com is the latest company to soon cease to provide services to Russian nationals due to the latest sanctions by the European Union. Blockchain.com has notified its users that it’s going to shut down accounts of Russian nationals in two weeks, the local news agency RBC reported on Oct. 14. According to the report, Blockchain.com will allow Russian users to withdraw their funds until Oct. 27, 2022. After that date, the accounts of Russian nationals are reportedly going to be blocked. The statement emphasized that Blockchain.com is…

Primex Finance Launches Its Beta Version, Letting Users Experience Its Cross-DEX Trading Features – Blockchain News, Opinion, TV and Jobs

Primex Finance, the first-ever cross-chain prime brokerage protocol, launches the Primex Beta on the Ethereum Goerli testnet. The Beta version allows users to experiment with the protocol’s cross-DEX spot margin trading. With the Beta launch, Primex also introduces the new Referral Program for early users, offering benefits to early registrants and referral-based rewards. DeFi holds the potential to financially empower investors and traders in ways that were previously unimaginable in the traditional financial world. Despite that, most of the existing DEXs with margin trading features still use centralized trade execution…

Top Public Companies Are Betting Big On Blockchain Technology

Blockchain technology is now so big that companies can no longer ignore it and some have already started taking the lead in integrating the technology into their businesses. The top companies around the world are currently betting big on the market, and according to a new report, a good chunk of the top 100 countries worldwide are already using blockchain technology. Top Companies Using Blockchain Technology The top 100 countries worldwide have trillions of dollars in market cap among them. They range from tech conglomerates to social media giants. But…

UK gov’t introduces bill to digitize trade documents — potentially traced using blockchain

Members of the United Kingdom’s House of Lords have introduced legislation aimed at eliminating the need for paper trade documents, increasing the likelihood of using blockchain technology to trace records. In an Oct. 12 announcement, MP Michelle Donelan and the U.K. Department for Digital, Culture, Media and Sport said the Electronic Trade Documents Bill had been introduced in the country’s Parliament. The legislation proposed removing “needless paperwork and bureaucracy” by making digital documentation legally recognized for trade. “Electronic trade documents also increase security and compliance by making it easier to…