Category: Blockchain

A mandate for blockchain businesses is to rebuild global trust

Trust is the cornerstone of socioeconomic success and geopolitical balance. Our current world is exhibiting a massive trust deficit. Distrust is resulting in socioeconomic failures and geopolitical angst. Blockchain’s superpower is trust. It is time to mandate blockchain businesses to rebuild trust, success and balance across global systems. Geopolitical agitations, the war in Ukraine and elsewhere, famine, climate crisis, inflation, supply chain problems, and financial market turmoil are a few of humanity’s many challenges today. Let’s talk about trust The world is in need of and must trust again. Blockchain…

Bitcoin Recovers as Blockchain Gaming Sees Huge Investment – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock  Bitcoin finally saw some relief yesterday, topping out at around $22,500, as the S&P 500 climbed 1.5%. There is some renewed optimism that the worst of the liquidity crisis may be behind us after SBF’s re-assurance on Wednesday. The only Bitcoin bottom signal for me is persistent data showing us that inflation is convincingly inflecting down. This should result in the Federal Reserve becoming less aggressive with their monetary policy, and therefore provide confidence that the liquidity crisis in the crypto…

Crypto Miner EZ Blockchain Expands Mining Rigs to 16 MWs in Georgia State

Crypto mining company EZ Blockchain plans to expand its mining rigs to 16 megawatts by using Georgia’s underutilized power resources. The new project focuses on four EZ blockchain mobile data centres launched in December 2021 in partnership with the City of West Point. The company invested more than $1 million to fully utilize emission-free power capacity while adding an additional $500,000 to create additional local revenue and high-paying jobs. To achieve environment-friendly objectives, more than 60% of the electricity at the EZ Blockchain Data Center Campus in West Point, Georgia…

Blockchain Game Developer Oasys Grants $20m Investment in Private Token Sale

Oasys, a Japan and Singapore-based company focused on developing blockchain games, has secured a $20 million investment from a cryptocurrency leader. Compared to traditional financing methods in the past, this financing adopts a private token sale, led by Republic Capital, a blockchain financing and investment platform. In this round of funding, these funds will be used to enhance partnerships with new and existing game developers, digital asset exchanges, and other companies in the gaming and crypto ecosystem.  “Oasys is shaping the future of blockchain games and leading the charge by…

Hive Blockchain Says Produced 278.5 BTC and 2,542 ETH in June

Hive Blockchain stated that it currently holds 3,239 bitcoin (BTC) and 7,667 Ethereum (ETH) after producing 278.5 BTC and 2,542 ETH in June. The crypto mining firm also stated that it increased its bitcoin mining hash rate from 2.17 exahash per second (EH/s) to 2.24 EH/s, however, the capacity for Ethereum mining slightly dropped from 6.26 (TH/s) at the beginning of June to 6.0 TH/s, as some miners were taken offline temporarily for layout optimization due to higher summer temperatures. Hive is confident in the face of market volatility, and…

UK Fund Managers Urge Regulators to Approve Blockchain-Traded Funds

UK fund managers under the aegis of the Investment Association, the trade body representing Britain’s asset management industry, have called on the government and the City regulator to approve blockchain-traded funds. While the Investment Association controls as much as £10tn for clients worldwide, the entity believes that issuing tokens instead of traditional shares and fund units will have a way to enhance productivity on all sides.  According to the Financial Times, the association believes that the blockchain-traded fund products, if approved, will grant end-users more cost-saving investment offerings across the…

Reddit announces new blockchain-backed ‘Collectible Avatars’

Content aggregation, ranking, and discussion website Reddit announced a new blockchain-backed avatar system on Thursday. Though no official date was revealed, the company suggested that the avatars will be available to the general public in the next few weeks. For now, Reddit is providing first-look early access to a limited number of people who join the r/CollectibleAvatars community. Collectible Avatars are a set of limited-edition artwork created by independent artists who are also users of the Reddit website. The new avatars can be purchased with local currencies, however the announcement…

VC firm Konvoy launches new $150M fund, eyes blockchain-based games

Venture capital firm Konvoy Ventures is set to fork out at least $30 million to back various cryptocurrency and blockchain-based games. The American firm announced the launch of Konvoy Fund III, with $150 million in capital that it plans to invest in a variety of platforms and technologies in the global gaming sector. According to Bloomberg, up to 30% ($45 million) of the fund will be allocated to the crypto and blockchain gaming space. Konvoy is no stranger to the world of cryptocurrencies and blockchain-based games. The firm boasts an…

Veratad Technologies Pairs with Blockchain-ID Ltd to Developing Authentication Tool on Algorand

Authentication solutions provider Veratad Technologies has partnered with UK-based Blockchain-ID Ltd to jointly develop BlockchainIDme, an authentication tool on the Algorand blockchain. In the current blockchain field, most users use their electronic wallets (including custodial and non-custodial) to store their digital asset data. Due to the continuous emergence of network attacks, security issues and control over data are particularly important. Through the partnership, users with their e-wallets for smart contract transactions can use BlockchainIDme tokens and encryption keys to confirm the owner’s identity, whether for centralized exchanges such as Binance,…