Category: Blockchain

Bitcoin Breaks Above $30k as Argentina Launches a Bitcoin Building – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock, who are publicly listed in Canada. Bitcoin has finally shown strength after printing 9 red weekly candles in a row for the first time in a while yesterday. Bitcoin broke above $30,000, but it needs to hold the $29,300 level on a retest to suggest continuation to the upside. Relief has been long overdue in the crypto market, as the U.S. stock market already rallied last week, after Jerome Powell’s speech that gave the market clarity on their plans to…

Blockchain reward programs. Interview with Libra Incentix’s Co-Founder Andrew Doxsey

Blockchain technology and cryptocurrencies have firmly placed themselves in the global financial economy over the past decade. While fiat currencies are simply a form of payment, blockchain technologies are already applied in various industries, including law enforcement, medicine, and education. Microsoft, Amazon, Google, Apple, and other major corporations are already involved in cryptocurrency as investors or developers. It’s only a matter of time until many smaller businesses start to apply blockchain technology to address their own needs.   Libra Incentix is a startup firmly based on the belief in the…

What is chain reorganization in blockchain technology?

A blockchain reorganization attack refers to a chain split in which nodes receive blocks from a new chain while the old chain continues to exist. On May 25, the Ethereum Beacon chain suffered a seven-block reorg and was exposed to a high-level security risk called chain organization. Validators on the Eth2 (now consensus layer upgrade) Beacon Chain became out of sync after a client update elevated specific clients. However, during the process, validators on the blockchain network were confused and didn’t update their clients. Seven-block reorganization means that seven blocks…

JP Morgan Embraces Blockchain Technology Yet Jamie Damon Stays Critical Of Bitcoin

JP Morgan is taking more profound steps in blockchain technology in recent development. This new generation bank now uses blockchain in maintaining its collateral statements. According to the report, JPMorgan Chase & Co has completed its pilot transaction on a blockchain. The use of blockchain technology and its application is widely spreading to different sectors and institutions. This shows that digital assets and their derivatives remain a formidable hope for the future. Notably, the processes involved in blockchain retain their originality with almost zero possibility of forgery. On Friday, May…

Binance And Kazakhstan Ink MOU On Crypto, Blockchain Regulation

Binance will aid the Kazakhstani government in its measures to regulate the country’s cryptocurrency market. The biggest cryptocurrency exchange by trading volume, Binance will provide assistance in integrating the local financial infrastructure with the growing digital assets market. Binance announced the signing of a Memorandum of Understanding with Kazakhstan’s Ministry of Digital Development, Innovations, and Aerospace Industry on Thursday. In the MOU, both parties declared an interest in the inclusion and growth of crypto assets. Suggested Reading | Bitcoin Superfan Jack Dorsey Bids Adios To Twitter Board CZ Meets With Kazakhstani President…

BSV president urges Meta to store data for its metaverse on a public blockchain

While Meta has not yet launched its metaverse project, Bitcoin SV (BSV) Association President Jimmy Nguyen thinks that it would be better for the firm to store user data on a public blockchain.  In a Cointelegraph interview, Nguyen shared that a global and interoperable metaverse ecosystem would mean that individual data will be stored within a public blockchain. If Meta takes this method, Nguyen noted that Meta could become an interface that connects a blockchain to companies’ metaverse apps. This will allow other metaverses to access user data once users…

Jpmorgan Chase Adopts Blockchain for Collateral Settlement

Financial tycoon, JPMorgan Chase (JPM), announced to use of blockchain technology in the collateral settlement, planning to expand to other asset types such as equities and fixed income, according to Bloomberg. JPMorgan Chase used cryptocurrency tokens for collateral in traditional financial asset transactions for the first time on May 20. Two of the bank’s entities are using tokens of BlackRock money market fund shares as collateral on their private blockchains, allowing trading outside of market hours. Ben Challice, JPMorgan’s global head of trading services commented that: “What we’ve achieved…

The Impact Of Decentralized Sports Betting On The Blockchain

Everyone would agree that cryptocurrencies, blockchain technologies, and the DeFi sector, in general, have exploded in both popularity and usage over the last decade or so. However, one particular industry which is currently looking to utilize the vast potential of this space is sports, specifically when it comes to betting. The relationship between blockchain and sports In recent years, the amount of business and management industries that have begun to adopt blockchain technology has expanded tremendously. The obvious advantages of decentralization, such as increased security, a P2P (Peer-to-Peer) model, and…

JPMorgan trials blockchain for collateral settlement in after-hours trading

Multinational investment bank JPMorgan Chase & Co is reportedly trialing the use of its own private blockchain for collateral settlements. According to Bloomberg JPMorgan conducted a pilot transaction last Friday which saw two of its entities transfer a tokenized representation of Black Rock Inc. money market fund shares A money market fund is a type of mutual fund that is considered as a low risk investment as it offers exposure to liquid and short term assets such as cash, cash equivalents and debt-securities with high credit ratings. In terms of…