Category: Blockchain

Bitcoin Seasonality Provides Hope for Bitcoin Bulls – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). The crypto market has dropped below $1 trillion again this week, as Bitcoin neared towards the local bottom of $17,600. On chain analytics have also demonstrated a bearish sentiment among market participants. An example of this is the Bitcoin adjusted SOPR chart, provided by Glassnode, which shows that investors are cashing out during bear market rallies. This indicator suggests that investors are selling to “get their money back” at their cost basis, as there is a huge resistance at 1,…

Asia’s No. 1 Blockchain Hub Could Be The Philippines, Telco CEO Says

Almost 70 million people around the world use blockchain wallets, and the average daily trade volume for cryptocurrencies has soared to more than $130 billion. Cryptocurrency will have a significant impact in the Philippines, as the country’s stock exchange considers integrating digital assets to its trading platform. Donald Lim, the chief operating officer of  holding and investment firm Dito CME, stated on Wednesday that the Philippines has what it takes to become the “blockchain capital of Asia.” While the global health crisis contributed to the adoption of cryptocurrencies and other financial technology solutions, Filipinos…

Ark Invest Expands Research Arm, Focusing on Blockchain Technology and AI

Ark Investment Management LLC, owned by Cathie Wood, escalated its team. The investment management firm plans to expand its research arm as it seeks deeper development in various fields, including blockchain. Cathy Wood’s ARK Investment Management has promoted Brett Winton to chief futurist, put four senior research analysts on board, and hired five research assistants, according to official documents. Brett Winton said： “We believe that, collectively, artificial intelligence, robotics, energy storage, genomic sequencing, and blockchain technology will rise from less than 10% of the global public equity market capitalization…

Blockchain in Manufacturing Market Speculated to Generate $766.2m in Revenue by 2030

The blockchain in the manufacturing market is expected to render revenue worth $766.2 million in 2030, according to Verified Market Research.  With a market value of $40 million set in 2021, this sector is anticipated to record a compound annual growth rate (CAGR) of 80% during the forecast period between 2022 and 2030. Per the announcement: “Increasing worldwide energy demand motivates energy and power firms to explore blockchain solutions that can help them improve productivity while reducing maintenance and downtime.” Therefore, the energy, electricity, and industrial sectors are…

How high transaction fees are being tackled in the blockchain ecosystem

High transaction fees have been a long recurring issue for users on popular blockchain networks like Ethereum and Bitcoin during periods of increased demand. However, there are protocols, platforms and methods that help users to reduce costs. What are transaction fees? Transaction fees are fees that users pay to send a transaction or interact with a smart contract on a blockchain network. While gas fees can refer to transaction fees on any blockchain, the term is mainly used to describe the Ethereum network transaction fees. Transaction fees are paid in…

Blockchain and crypto find use case in community powered weather forecasting

Blockchain and crypto are coming to a local weather station near you – or at least that’s what one group of Athens-based engineers is trying to accomplish. WeatherXM is using a combination of blockchain-based data verification with crypto incentives to get people worldwide to capture their local weather data for more accurate forecasting. Cointelegraph sat down with WeatherXM co-founders, CEO Manolis Nikiforakis and chief technology officer Nikos Tsiligaridis for an interview in Athens, Greece. They talked about how Web3 tools provide the best solution to the lack of quality and…

HIVE Blockchain Exploring GPU Mineable Coins Ahead of Ethereum Merge

Crypto mining firm HIVE Blockchain acknowledged the potential Ethereum “Merge” to the Proof of Stake mechanism on Tuesday in an update on its mining production for the month of August. According to the current projections from the Ethereum Foundation (a non-profit organization dedicated to supporting Ethereum and related technologies), Ethereum’s new consensus layer will upgrade to Bellatrix on September 6, 2022, with estimates that the merge to Proof of Stake system will happen between September 10 and September 20, 2022. Speaking about the upcoming Ethereum merge, Vancouver-based HIVE said it has already started…

PraSaga awarded U.S. patent for placing computer operating system onto the blockchain

According to a new United States Patent and Trademark Office publication on Tuesday, Swiss-based blockchain startup PraSaga has been awarded a patent placing its operating system, dubbed “SagaOS,” on the blockchain. Titled “Systemic Extensible Blockchain Object Model Comprising A First-class Object Model And A Distributed Ledger Technology,” the methods described in U.S. patent no. 11436039B2 relate to processing multiple message passing transactions via blockchain.  At present, smart contracts only allow for processing just one transaction or action at any given time. However, PraSaga claims that its proprietary methods, as described…

Hive Blockchain explores new mineable coins ahead of Ethereum merge

Cryptocurrency miner Hive Blockchain has been working to replace the mining of Ether (ETH) with other coins in the event of Ethereum’s upcoming transition to proof-of-stake, or PoS. The Canadian crypto mining firm has been analyzing options for mining with its GPU stash ahead of the Ethereum Merge, Hive said in its latest production update on Tuesday. According to the update, Hive started implementing beta-testing of various GPU-mineable coins this week as the Ethereum Merge PoS is expected to occur in mid-September. Hive’s technical division is specifically implementing a strategy…

Lazy Lions Passes $100 Million USD Volume Traded and Celebrates First Birthday – Blockchain News, Opinion, TV and Jobs

Lazy Lions has just passed the $100 million USD volume traded mark. With this achievement, it is now in the top 58 of all-time when it comes to NFT collections by trading volume, and in the top 30 for PFPs. Moreover, this veritable accomplishment coincided with the generative NFT project’s first birthday. It is important to note that the Lazy Lions OG collection, which minted at 0.05 ETH in August, sold out in just 5 hours. From then on, Lazy Lions built a strong community of over 140,000 Discord, 100,000…