Category: Blockchain

Bank of America Says the Ethereum Blockchain’s Upgrade May Lead to Greater Institutional Adoption of Ether

A decentralized insurance protocol such as Nexus Mutual needs to generate a return on its reserves to allow it to become a feasible alternative to traditional insurance companies, the bank said. Insurance companies normally invest their reserves in corporate and government debt, but instruments with similar risk and reward characteristics are difficult to find in the digital asset ecosystem. Staking on Ethereum may be the closest alternative, it added. Source link

NEAR Blockchain Moves Ahead with Phase One of Sharding Upgrade

NEAR, which launched in 2019 with then-unrealized plans to boost transaction speeds by splitting its network into parallel processors (so-called sharding), kicked off Phase 1 or its “Nightshade” playbook facilitated by NEAR contributor Pagoda. This phase sees the introduction of specialist “chunk-only validators” that feed into the sharding mechanism but are easier to set up than full nodes. Source link

Gaming Giant Square Enix Joins Oasys in Developing Blockchain Games

On September 12, Square Enix, a Japanese game development company, announced that it has joined the blockchain game startup Oasys to jointly explore the feasibility of using user contributions to develop new games on the Oasys blockchain. Square Enix will be the last major game publisher to join the Oasys blockchain, focusing on creating better experiences and shaping blockchain gaming. Square Enix, a global entertainment company, has released more than 173 million Final Fantasy games. Square Enix announced in its first-quarter earnings report this year that it plans to launch…

Nigerian Blockchain Firm Bitmama Closes $2 Million Pre-Seed Funding Round

Bitmama, a blockchain startup based in Nigeria, announced that it has closed its pre-seed funding round at $2 million after it recently added $1.65 million to the $350,000 that it raised in October last year. Africa-focused venture capital firms Unicorn Growth Capital and Launch Africa led the investment in Bitmama. Other firms that also participated in the funding round include existing and new investors like Adaverse, Flori Ventures, Tekedia Capital, GreenHouse Capital, ODBA, Five35 Ventures, Chrysalis Capital, Enrich Africa, Thrive Africa, Angellist Ventures, as well as angel investors, such as…

Blockchain.com Wins Approval From Dubai Regulatory Authority VARA

Notably, Gulf countries have joined the list of crypto-favored regimes. And Dubai appeared as a leading crypto hub currently working on multiple projects to support the blockchain infrastructure and web 3 technology. As a result of which, it attracted many crypto companies worldwide to join the emerging market.  Similarly, blockchain.com, a cryptocurrency exchange and financial service provider for retail and institutional businesses, won a provisional regulatory license from Dubai’s Virtual Asset Regulatory Authority (VARA) on Friday to set up an office in the Gulf’s center of crypto. Related Reading: Ford…

Blockchain.com Gets Regulatory Approval to Operate Crypto Exchange in Dubai

London-based crypto firm Blockchain.com announced Friday that it has received regulatory approval to operate its exchange in Dubai, a city in the United Arab Emirates (UAE). Following the approval, the U.K.-based firm said it has signed an agreement with VARA to allow Blockchain.com to open an office in Dubai, believing it will soon begin offering regulated crypto derivatives products to institutional investors in Dubai. Amongst its plans is to offer transaction and custodial services to retail users in the UAE. This development from Blockchain.com comes at a time when more…

Metaverse Project Cardalonia Scores It’s First Exchange Listing, Set To Become The SandBox Of Cardano Blockchain

Cardalonia, a new metaverse project on the Cardano blockchain is poised to join the likes of well-known cryptocurrency projects Decentraland (MANA) and Sandbox (SAND) as one of the most sought after metaverse projects. Cardalonia, a Play to earn Metaverse project building on the Cardano blockchain has announced the listing of it’s utility token $LONIA on P2PB2B, an Estonian based cryptocurrency exchange and one of the top 100 exchanges by trading volume according to Coinmarketcap. The $LONIA token listing partnership with p2pb2b.com will enable trading of $LONIA tokens, the utility token…

What the Ethereum Merge means for the blockchain’s layer-2 solutions

Ethereum is just over a week away from officially moving to a proof-of-stake (PoS) blockchain with the Merge slated for completion around Sept. 13–15. With the transition, Ethereum would abandon its current proof-of-work (PoW) chain, eliminating miners from the ecosystem.  Ethereum is a vast ecosystem with thousands of decentralized applications and decentralized finance protocols working on top of it. Additionally, there are several layer-2 solutions, i.e., solutions built on top of the blockchain itself, the layer 1, to facilitate faster transactions and make Ethereum more scalable. The Merge would mark…