Category: Blockchain

From taxes to electricity, blockchain adoption is growing in Austria

Austria has been actively transforming into an attractive location for providers of blockchain-based products, with the government itself experimenting with the technology and trying to create a legal basis upon which companies can use it.  With regard to blockchain-based applications in the economy, however, Austria is still in the experimental phase, with most firms still running pilot projects. Still, politicians and economists alike see potential for select industries. Public administration reform via blockchain The Austrian government is quite open to blockchain innovations, cryptocurrencies aside, and has supported various projects in…

Gold industry taps blockchain for supply chain management and fraud prevention

Some of the most prominent organizations in the gold industry have joined forces to launch a new “integrity program” that utilizes blockchain technology for supply chain management — a move that’s intended to help market participants verify the authenticity of their bullion. London Bullion Market Association (LBMA) and the World Gold Council (WGC) announced Monday that they are collaborating to develop an “international system of gold bar integrity, chain of custody and provenance” that’s based on blockchain technology developed by companies aXedras and Peer Ledger. The ledger will be used…

Cardano founder talks about Web3 and the comfort of Bitcoin at Binance Blockchain Week

Cardano founder Charles Hoskinson gave a keynote speech on the first day of this year’s Binance Blockchain Week, held at the Dubai World Trade Centre in the United Arab Emirates.   Addressing the audience, Hoskinson used his keynote to discuss topics like Bitcoin (BTC), Web3 and philosophy, bringing up topics like what happens next when the community moves forward from the comfort of Bitcoin and toward centralization. “As blockchains become more advanced and more powerful, we have to start making some difficult and uncomfortable philosophical decisions.” The CEO raised questions about Web3…

S. Korea’s SK Square Will Spend $1.6B on Semiconductors, Blockchain

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Krafton Partners with Solana Labs to Develop blockchain-based Games

Game developer for PC and mobile devices Krafton partners with Solana Labs to develop blockchain-based games and services in the Metaverse world. Krafton, stylized as KRAFTON which was formerly known as Bluehole, is a South Korean company that develops and distributes video games based in Bundang-gu, Seongnam. The South Korean gaming giant hopes to boost its position in the market by developing a Metaverse “money-making” game using blockchain technology. The company even made its wildly popular PUBG game free last year. PUBG is ranked among the top downloaded games on…

Is Austin the next US crypto hub? Officials approve blockchain resolutions

Innovative cities across America are racing to become the next hot spot for cryptocurrency and blockchain adoption. Miami was the first city to adopt its own part of CityCoins last year, allowing it to implement its own cryptocurrency called “MiamiCoin” to be used for civic engagement.  New York City has also made a name for itself as a crypto-friendly city by implementing educational initiatives and with Mayor Eric Adams receiving his paycheck in Bitcoin (BTC) in January this year.  Austin takes a strong stance  Most recently, Austin — the state…

Bitcoin rallies overnight despite warnings from Powell – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin dropped yesterday, after Federal Reserve chairman Jerome Powell spoke about soaring inflation, before then rallying 6% overnight. Powell said that “inflation is much too high” and that the U.S. central bank is willing to raise rates more aggressively. In addition, Powell said that the federal funds rate could be raised higher than the traditional 25 basis points (bps) raise. The market reacted negatively to this, as we have been anticipating 25 basis point rate hikes this year so that we…

Russia is Considering Accepting Bitcoin as Payment for its Oil and Gas Exports by China and Turkey – Blockchain News, Opinion, TV and Jobs

On March 23, during a meeting with the Government of the Russian Federation, Russian President Vladimir Putin announced the decision to sell gas, to what Russia deems to be ‘unfriendly’ countries, for Russian roubles. At the same time, countries that are considered ‘friendly’ for Russia, could also be allowed to pay in Bitcoin or in their local currencies. Mr Zavalny, who heads Russia’s State Duma committee on energy, said on Thursday that the country has been exploring alternative ways to receive payment for energy exports. Russia…

NSAV Partners with MNC to Launch First Multi-token Blockchain Home Mining Rig HIVE

Net Savings Link, Inc. (OTC Pink: NSAV), a technology services company for the digital asset industry, announced Thursday a partnership with Metaverse Network LLC (MNC) to release HIVE, the first multi-token-enabled blockchain home mining device.   MNC, a DApp converting diverse users into decentralized will be listed in New York in Q1 2022. WY Cheung, CEO of MNC stated that: “We are in talks with additional BTC and ETH physical mining farms, which are now planning to algorithmicize their hash rate and map it into the HIVE soon and…

David Beckham Joins Metaverse, Becomes DigitalBits Blockchain Global Brand Ambassador

Famous football star and entrepreneur David Beckham is appointed as a global brand ambassador for the DigitalBits blockchain. Beckham, as known as one of the most influential football players in the world, will help spread the transformative power of the DigitalBits blockchain to the masses. The DigitalBits blockchain is a first-layer protocol for NFTs to tokenize assets and support various brands created on their blockchains. With Beckham’s close relationship with the brand, the partnership will facilitate DigitalBits’ collaboration with global brands such as Adidas, Maserati, Tudor, Sands, Diageo and EA. In addition…