Category: Blockchain

Samsung Electronics to Secure its Smart Gadgets With Blockchain-Based Solution

Multinational tech giant, Samsung Electronics has unveiled its plans to protect its connected devices using a Samsung Knox Matrix solution. As announced by the firm, the official unveiling of the advanced security solution which is based on blockchain technology will be revealed at this year’s Samsung Developer Conference (SDC).   With people doing more work, and getting more entertainment online through connected devices including smartphones, smartwatches, and the like, the risk of threat is becoming higher. Should one of the connected devices suffer a vulnerability no matter how small, other…

Crypto Startup Fabric Systems Raises $13M Seed Round to Provide Blockchain Hardware

However, bitcoin mining chip making is no easy task as the market is mostly controlled by large manufacturers like Bitmain and MicroBT. While there have been many false promises of competition, there have been some recent successes. Intel, for instance, has entered the bitcoin mining market, to help provide miners with more efficient and ESG friendly mining chips to compete with the incumbents. Source link

Blockchain.com Gets Green Light to Operate in Singapore

Crypto exchange Blockchain.com has secured regulatory approval from the nation’s central bank. Blockchain.com has been eyeing the Singaporean market because it deems it an attractive location to enhance its institutional clients and team.  The latest approval came a day after that of crypto exchange Coinbase, bringing the number of crypto companies permitted to operate in Singapore to eighteen.  Approximately 180 crypto firms had applied for operating licenses in the nation as of January 2022. Per the report: “Singapore’s welcoming approach has helped the financial hub attract digital asset services-related…

Blockchain.com gets regulatory nod from Singapore’s central bank

Blockchain.com becomes the second crypto exchange in two days to receive preliminary approval to provide crypto services within the growing crypto hub. Crypto exchange Blockchain.com has become the latest crypto company to secure preliminary approval from Singapore’s central bank to provide Digital Payment Token services in the city-state. Blockchain.com’s regulatory approval follows hot on the heels of Coinbase, which revealed it had received the same “in-principle” approval from the Monetary Authority of Singapore (MAS) on Oct. 11. If officially approved, Blockchain.com would join the likes of already licensed companies forDigital Payment…

nxyz raises $40M to enable faster blockchain indexing

The Web3 platform will focus on expanding its team globally and onboarding several more blockchains in the upcoming months. nxyz, a Web3 platform enabling data infrastructure for blockchains, secured $40 million in Series A funding led by venture firm Paradigm with additional participation from Coinbase Ventures, Greylock Partners and Sequoia Capital. Angel investors also participated, including Balaji Srinivasan, Jaynti Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee and Ryan Selkis.  According to nxyz, the funds raised will be used to expand the company’s team, build support across emerging use cases, and…

Blockchain Infrastructure Provider Tatum Secures $41.5M Funding

Blockchain as a Service (BaaS) provider, Tatum has landed $41.5 million in funding, receiving the needed capital backing to expand its business offerings. Riding on its current track record in the industry, Tatum’s funding was led by Equity Partners with support from other renowned venture firms including Octopus Ventures, 3VC, Tensor Ventures, Depo Ventures, Leadblock Fund, Circle, and founders of Bitpanda.   The startup’s valuation was undisclosed, however, judging by the current adoption level of its offering, Tatum has undoubtedly carved a niche for itself in the blockchain world. The…