Category: Blockchain

Step App: Using Blockchain to Reimagine Fitness

Traditional industries are currently facing an ultimatum—either embrace new technology or succumb to old methods. Since 2008, blockchain technology has been central to this conversation. According to recent estimates, corporations will spend nearly $20 billion on blockchain services by 2024. Overall, blockchain has emerged as a revolutionary and disruptive technology, creating opportunities across finance, real estate, entertainment, healthcare, and gaming. It’s also pivotal to Web3, and is undoubtedly here to stay. One of the industries that is undergoing significant changes due to blockchain’s impact is fitness. The sector was worth…

Hex Trust Announces Integration of Polkadot Blockchain Network

Hong Kong-based digital asset custody provider Hex Trust announced the integration of the Polkadot blockchain network into Hex Safe. Following the integration, Hex Trust now provides fully licensed custody for Polkadot’s native token (DOT). Hex Trust also has plans to support a full stack of services built on Polkadot. “With this integration, we will be offering fully-licensed & highly secure custody for $DOT and the full stack of services built on the leading interoperability blockchain network,” Hex Trust said on Twitter. Furthermore, the integration will enable the company’s more than…

How blockchain can open up energy markets: EU DLT expert explains

Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to the energy sector, blockchain lies at the heart of these technologies.  The authors of a recently published EUBlockchain Observatory report “Blockchain Applications in the Energy Sector” are convinced that distributed ledger technology (DLT) could become a key enabler technology and has a very high potential to influence or even disrupt…

BNB Chain Partners with the University of Zurich to Boost Blockchain Education

Binance-backed smart contract platform BNB Chain has announced a new partnership with the Blockchain Center of the University of Zurich to participate in the forthcoming three weeks of the University’s International Summer Schools for blockchain education. With a central theme to explore a “Deep Dive into Blockchain,” students will be educated on the essentials of crucial blockchain concepts,, including the Consensus Model, assets in the ledger, data storage in blocks, identity, governance, and smart contracts. Per the announcement, BNB Chain will be represented in the program by Alvin Kan, its…

Bitcoin Blockchain Begins To Awaken From Death Spiral

Data shows the latest selloff has caused the Bitcoin blockchain activity to come back to life after it had stayed muted for a while now. Bitcoin On-Chain Activity Returns As The Selloff Continues According to the latest weekly report from Arcane Research, the BTC transaction fees has observed a 17% uplift over the past week. For the last few months, the Bitcoin on-chain activity had been quite subdued as fewer movements took place and the transaction fees remained low. The “transaction fees” is the amount any investor has to attach…

dYdX moves to Cosmos-based blockchain for V4 to optimize decentralization and trading flow

On Thursday, crypto derivatives platform dYdX, which is currently built on Ethereum Layer 2, announced that it would be moving to a standalone blockchain based on the Cosmos SDK and Tendermint proof-of-stake consensus for its V4 update. The firm cites the Cosmos blockchain’s decentralization and performance as reasons for being a “best fit” for building dYdX for V4. Currently, the existing dYdX protocol processes about 10 trades per second and 1,000 order placements and cancellations per second, with the goal to scale to magnitudes higher. However, the firm says that…

eBay acquires KnownOrigin, expanding its foray into NFTs and blockchain

eBay, an e-commerce giant, has announced the acquisition KnownOrigin, a nonfungible token (NFT) marketplace that will help the e-commerce company foray further into the world of blockchain technology and digital collectibles. According to a press release on Wednesday, Manchester-based KnownOrigin has been purchased for an undisclosed amount. The firm enables artists and collectors to create, purchase and resell NFTs via blockchain-enabled transactions. KnownOrigin co-founder David Moore in a statement said that the company was founded to “empower creators and collectors by giving them the ability to showcase, sell and collect…

Korea Blockchain Week to Hold First Live Event in Seoul After Covid Hiatus

Seoul, South Korea, 23rd June, 2022, Chainwire   Korea Blockchain Week 2022 (KBW2022) is holding its first live event since the dawn of the Covid-19 pandemic in 2020, finally bringing the most respected leaders in the blockchain field to Seoul, on August 7-14, 2022. KBW2022 will take place in the heart of Seoul at the InterContinental Grand Seoul Parnas between August 7th-14th. Hosted by FactBlock and co-hosted by Hashed in partnership with ROK Capital, the highly anticipated event will see many speakers from leading L1 ecosystems, dApps, games and venture…

Blockchain investments are disrupting the real estate industry: Report

The Cointelegraph Research Terminal, the leading provider of premium databases and institutional-grade research on blockchain and digital assets, has added a new report to its expanding library from the industry leader in tokenization.  This report from Security Token Market and sister company Security Token Advisors covers the rapidly emerging asset-backed real estate tokenization industry. This report has information on the developing shifts in the industry and is a must for any firm or business with a portfolio that encompasses real estate. The tokenized real estate industry is growing rapidly amid…

Bitcoin Dropped Below 2017 All-Time-High but Could Sellers be Getting Exhausted? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin plummeted over the weekend below the ATH reached in 2017, at around $19,600. Coinglass, a trading and information platform, shows that there were $600 million in liquidations as Bitcoin dropped to a low of $17,600 approximately. Bitcoin suffered around $300 million in liquidations whilst Ethereum endured $200 million. Despite this downward price action, Bitcoin closed the week strong above $20,000 and some on-chain metrics suggest a macro bottom, or temporary bottom, could be close. Why are many altcoins showing strength…