Category: Blockchain

China’s State-Backed Open-Source Blockchain Enlists Hong Kong’s HSBC, Emperor Group

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Binance in Talks With Nigeria to Develop Blockchain Hub

Nigeria and crypto exchange Binance are in talks to establish a digital hub like the Dubai virtual free zone to propel blockchain growth in the country, according to the Nigeria Export Processing Zones Authority.  Nigeria sees the transformation of a digital hub as a stepping stone toward diversifying its economic scope beyond crude oil. The Nigerian administration has been rolling out crypto-friendly initiatives. The partnership will trigger the creation of a digital economic zone that will offer entrepreneurs more blockchain opportunities. Earlier this year, the country’s Securities and Exchange Commission (SEC)…

LG Launches NFT Platform With Hedera Blockchain

South Korea-based digital manufacturer LG Electronics has launched a new NFT platform in collaboration with Hedera blockchain. The platform LG Art Lab will allow users to buy, sell and put up digital art or non-fungible tokens (NFTs) on their television sets, the company announced. While Swiss-based Tag Heuer became the first watchmaker in June to announce a tool to allow watch owners to display NFTs on their smartwatches, the Seoul-based television company has become another top company to add value to the NFT space with this new mew move. The company…

Big Names Enter Metaverse | Blockchain News

Since JP Morgan has purchased virtual land in Decentral Land, more and more financial institutions have gradually entered the Web 3.0 market, such as HSBC has brought land size 3 x3 lands in Sandbox, Hang Seng Bank, Standard Chartered Bank, the Ocean Park and MTR. South China Morning Post has built up its Central Pier metaverse Game. Why do so many big names have entered the Metaverse? The answer is Fear of Missing Out. Mr Jamie Dimon, CEO of JP Morgan, is not crypto and a digital asset-friendly guy and…

‘Blockchain Is Bunk’: Crypto Critics Find their Voice

John Stark, the founding chief of the US SEC’s Office of Internet Enforcement, has emerged as one of the most outspoken critics of cryptocurrency. In an interview published on Sunday, September 4, Stark talked about several reasons why he is sceptical of crypto. Stark helped launch the SEC’s Office of Internet Enforcement in 1998, during a bull market associated with the dot-com boom. He served as an attorney for 18 years in the US SEC’s Enforcement Division and 11 years as founder and chief of the SEC’s Office of Internet Enforcement.…

Bitcoin Holds Tight Below $20K; Blockchain Protocol Cardano Arrives on Robinhood. Who Cares?

“We know that despite the moribund state of markets, many hedge funds, family offices, venture funds and even pension funds and endowments are looking seriously at the long-term benefits of including crypto in their portfolios. Below I lay out why post-Merge ether could figure prominently in their future allocations.” (CoinDesk Chief Content Officer Michael Casey) … “Call me the world’s happiest cynic, then, because when I predicted the utter and catastrophic failure of Facebook’s rebranding as “Meta” starting less than a year ago, I genuinely didn’t think it would all…

What is decentralized identity in blockchain?

Self-sovereign identity is a concept that refers to the use of distributed databases to manage PII. The notion of self-sovereign identity (SSI) is core to the idea of decentralized identity. Instead of having a set of identities across multiple platforms or a single identity managed by a third party, SII users have digital wallets in which various credentials are stored and accessible through reliable applications. Experts distinguish three main components known as the three pillars of SSI: blockchain, verifiable credentials (VCs) and decentralized identifiers (DIDs). Blockchain is a decentralized digital…

Worldwide Blockchain Distributed Ledger Market to Hit $20.6B by 2027 – Report

The global blockchain distributed ledger market is expected to grow from $3.5 billion recorded in 2021 to $20.6 billion by 2027, according to a report by Research and Markets.  As a result, exhibiting a compound annual growth rate (CAGR) of 34.37% during the 2021 to 2027 forecast period. Per the report: “Rapid digitization of the industries across the globe is one of the key factors creating a positive outlook for the market growth.” Research and Markets added: “Increasing demand for advanced technological solutions to minimize fraudulent activities,…

Malaysian Universities to Expand Women’s Blockchain Knowledge Base with Programmers Course

Women in Blockchain Asia (WIBA) has partnered with various Malaysian universities to propel the number of female blockchain developers and coders in Malaysia. Through the partnership, the women-centric blockchain programmers course will be offered by seven Malaysian universities, including Raffles College of Higher Education, Universiti Malaysia Kelantan, Asia Pacific University, Universiti Teknologi Malaysia, Universiti Malaysia Sabah, and Universiti Tunku Abdul Rahman.   Ivy Fung, a founding WIBA member, pointed out: “This is the first-ever initiative in Malaysia focused on increasing the number of female blockchain builders in Malaysia, and…

Blockchain Cardano’s (ADA) Vasil Upgrade Confirmed for Sept. 22

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…