Category: Blockchain

California governor issues blockchain executive order building on US President’s regulatory efforts

Gavin Newsom, the governor of California, has signed an executive order aimed at harmonizing a regulatory framework for blockchain between the federal government and the U.S. state as well as spurring innovation in the space. In a Wednesday announcement, the California governor’s office said executive order N-9-22 and the California Consumer Financial Protection Law would allow the state to create “a transparent and consistent business environment for companies” in Web3 and the crypto space, including blockchain and financial technology firms. According to the order, the California state government will need…

How blockchain games create entire economies on top of their gameplay: Report

Axie Infinity turned its game into a billion-dollar economy that helped thousands of players in the Philippines and other low-income countries to weather the fallout from pandemic mitigation measures. The main ingredient for success: strong property rights.  Players can take in-game material out of the game and trade on third-party marketplaces like OpenSea. The freedom to set prices and to easily trade unlocked a veritable tsunami of economic activity in and outside of the game. The 30-page report from Cointelegraph Research analyzes the top five titles and what changed since…

Little by little, blockchain technology is beginning to appear around the house

Blockchain technology is familiar to cryptocurrency users and national banks, and awareness of it is spreading fast to gamers. Applications in industry, particularly supply chain management, have been appearing as well. Through them, blockchain technology may improve domestic life in unseen ways, such as ensuring high-quality food, responsibly sourced seafood, or preventing the counterfeiting of pharmaceuticals. Nonetheless, the home may be blockchain’s final frontier.  Blockchain penetration at the household level is so far quite low, but day-to-day utility was no afterthought for blockchain developers. Christoph Jentzsch, Simon Jentzsch and Stephan…

Polkadot launches cross-chain messaging system to solve blockchain’s bridge problem

Blockchain platform Polkadot has launched a new cross-chain communications protocol, saying it will do away with cumbersome bridging mechanisms that have cost the crypto industry billions in cyber attacks.  The newly launched XCM messaging system is intended to promote Polkadot’s multichain ecosystem, which is being built on the premise of full interoperability. XCM channels are said to be secured at the same level as Polkadot’s central hub, dubbed Relay Chain, and are also available for use by parachains. In other words, XCM will enable communication between parachains themselves as well…

CI Global Asset Management Partners with Galaxy Digital, Launching Blockchain and Metaverse ETFs

CI Global Asset Management (“CI GAM”), a major Canadian asset management firm, has partnered with Galaxy Digital to launch ETFs focused on blockchain technology and Metaverse. The two ETFs, named CI Galaxy Blockchain ETF and CI Galaxy Metaverse ETF, are officially traded on the Toronto Stock Exchange (“TSX”) under the ticker symbols CBCX and CMVX, respectively. The ETF will charge users an annual management fee of 0.50%. Roy Ratnavel, executive vice president at CI GAM, said that through CBCX and CMVX, the company’s capabilities in cryptocurrencies and thematic ETFs would…

TRST01 Partners with Blockchain Protocol Rubix to Create Green Economy

Blockchain technology company TRST01 (Trust O One) has established a cooperation with the blockchain protocol Rubix to provide a Web3 green blockchain technology platform focusing on the field of climate and environment to governments, organizations, and citizens, creating a green and zero-carbon emission future. Two parties will use their professional blockchain knowledge to synthesize more private sector resources by working with the government and other departments to capture original information. They will use decentralized and peer-to-peer (P2P) Web3 technology to identify these resources and create a sustainable green economy. KC Reddy,…

Riot Blockchain Mined 508 BTCs, Increased 150% in April

Riot Blockchain, Inc, a Colorado-based Bitcoin mining company, announced Tuesday that its Bitcoin production and mining operations have surged in April. Riot said that it produced 508 Bitcoins last month, an increase of about 150%, compared to 203 Bitcoins produced in April 2021. As of April 30, the crypto mining firm stated that it held approximately 6,320 Bitcoins, all produced by the company’s self-mining operations. Riot further mentioned that last month, it sold 250 Bitcoin generating net proceeds of about $10.0 million. The firm also disclosed that currently, it has deployed a fleet of…

Algorand Bags Fifa.com Deal To Become Official Blockchain Partner

Decentralized finance (DeFi) platform Algorand has been announced as the official blockchain partner of Fifa.com. It now joins the long list of sports partnerships that have been rocking the crypto space for a while now. It puts Algorand at the forefront of the largest football association in the world, not only promoting the token to hundreds of millions of fans worldwide but to the crypto market as well. Fifa.com Welcomes Algorand Like any sports association, Fifa.com is a well-sought after partner when it comes to brands that want to reach…

Hawaii Senate committees favor task force to regulate crypto, blockchain

Two committees of the Hawaii State Legislature — Commerce and Consumer Protection (CPN) and Ways and Means (WAM) — unanimously approved the launch of a specialized task force to explore the use and regulation of the crypto ecosystem. In a letter addressed to the President of the Hawaii Senate, Ron Kouchi, legislative members Donovan Dela Cruz and Roz Baker wrote in support of creating a “Blockchain and Cryptocurrency Task Force” that was first proposed in bill SB2695. SB2695, titled “A BILL FOR AN ACT RELATING TO CRYPTOCURRENCY,” sought to establish…

Gavin Nathan Joins Spirit Blockchain as Head of Fundraising

British Columbia, Canada-based Spirit Blockchain Capital Inc. (Spirit), which focuses on blockchain and digital assets, announced on Monday, May 2, that it has hired Gavin Nathan as head of fundraising. Gavin Nathan is an award-winning entrepreneur and international speaker and has over a decade of experience in project financing, sales, business development and management. Born in the Caribbean, Gavin moved to the UK at the age of 19. He began his career in global security and intelligence, working for the UK government, including the military, police and central government agencies.…