Category: Blockchain

Could an Earnings Recession Lead to More Pain for Crypto? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin fell further this morning to $19,000, as it trades below the 200-weekly SMA. So far, Bitcoin has not retested this level as resistance, but if it does and rejects back down, this would be a very bearish signal. This is because it would be the first time that this level has been broken on a long-time frame and could suggest an extended bear market is on the horizon. There is a “risk off” tone in European markets this morning which…

Integrating blockchain-based digital IDs into daily life

The last 13 years have seen blockchain technology evolve into numerous use cases — finance, data, logistics and security, among others. However, the idea of using blockchain’s immutable capabilities to ID humans got new life when Changpeng “CZ” Zhao visited the island country of Palau to kick off its digital residency program.  The blockchain identity management market is estimated to grow by $3.58 billion in the span of five years from 2021 to 2025. Key factors include the rising demand for digitalization and privacy-respecting identity solutions. As a result, a…

ShareRing Integrates New Website with Blockchain-Based Digital Identities

To tackle the challenge of the loss of autonomy on personal data experienced in Web2, ShareRing has launched a new website with blockchain-powered digital identities that will usher in the Web3 era. The lack of the ability to manage digital identity and footprint in Web2 has been the primary stumbling block to safeguarding privacy and ownership of data.   Tim Bos, the CEO of ShareRing, acknowledged: “Over the years, there’s been a trend for large companies to host more and more data about you in their data warehouse to…

A Bear of Historic Proportions – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin fell below $20,000 briefly this morning, whilst the total crypto market cap fell to below $900 billion, from a high of $3 trillion last year. A new report from Glassnode Insights claims that the current bear market is “a bear of historic proportions,” and highlights that “it can reasonably be argued that 2022 is the most significant bear market in digital asset history.” Glassnode data such as the market value and realized value oscillator (MVRV, which is a ratio between…

All 5B toncoins mined on PoS TON blockchain

The TON Foundation, an organization developing the Telegram-initiated blockchain project, the TON blockchain, on Tuesday officially announced that TON miners have mined the final toncoin. “Tens of thousands of miners have mined the entire issuance of toncoins, which was about 5 billion tokens,” TON Foundation founding member and core developer Anatoly Makosov said in a statement to Cointelegraph. The last toncoin was mined on June 28, he noted. The end of toncoin mining marks a major milestone in TON’s distribution, starting its new era as an entirely PoS blockchain. From…

Plataforma de pagos B2B Tribal se une a grupo de lobby Blockchain Association

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Has the Crypto Space Fundamentally Failed to Deliver on the Ideals of its Foundation? – Blockchain News, Opinion, TV and Jobs

After crypto lending platform Celsius froze all withdrawals, swaps and transfers between accounts due to “extreme market conditions”, they may now be looking at filing for bankruptcy. According to the Wall Street Journal Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on the possible filing. Celsius, which had approximately $11.8 billion in assets in May and has 1.7 million users, froze all of its activities earlier this month due to the extreme market volatility, a market downturn of which the ending is not…

How Blockchain Will Break Down Barriers to Asset Management?

Global inequality is more extreme than ever, and with the rising cost of living in many places around the world due to the pandemic and political instabilities, the gap doesn’t look set to narrow any time soon. Over the last few years, the divide between rich and poor has risen dramatically, with the world’s richest 1 % (those with more than $1 million in assets) owning 45.8 % of the world’s wealth. This inequality is amplified by archaic financial systems, which limit access to premium systems and services to only…