Category: Blockchain

LG Electronics Expands Business in terms of Blockchain Technology & Crypto

As part of its expansion plan beyond home appliances, South Korean tech giant LG Electronics intends to add blockchain, cryptocurrency, and medical devices as new sectors in its corporate charter, according to local news outlet Korea JoongAng Daily.  During the company’s Annual General Meeting (AGM) held on March 24, shareholders approved these changes so that its new objectives would entail the brokerage and sale of cryptocurrencies and the development and sale of blockchain-based software.   When asked if the new business plan would include the establishment of a crypto exchange, the…

David Beckham Tapped by DigitalBits Blockchain to Be Global Ambassador

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Powers On… Biden accepts blockchain technology, recognizes its benefits and pushes for adoption – Cointelegraph Magazine

On March 9, United States President Joe Biden issued a quite comprehensive executive order that directs no less than two dozen cabinet members, departments and agencies in the government to study the benefits and detriments of blockchain technology for various aspects of the American economy. There has been a considerable amount already written about the implications of the executive order. I will add to this discourse and also offer some predictions, which few have done, on what the industry might expect to arise from the various governmental studies and reports…

Demand for Zilliqa Blockchain in Play-to-Earn Games Gains Steam

Zilliqa, a public blockchain that offers solutions to decentralized applications (dapps) and enterprises, is emerging as one of the sought-after networks in the esports industry based on notable partnerships.  Zilliqa recently collaborated with three large esports brands, namely RRQ, Ninja in Pyjamas, and MAD Lions, to aid in non-fungible tokens (NFTs), play-to-earn (P2E) gaming models and Web3-enabled fan engagement. As a result, bridge the gap between gaming communities and crypto.   Ben Livshits, Zilliqa’s CEO, believes these collaborations cement the fact that blockchain technology is shifting from the fringes of…

PUBG Developer Krafton Joins Forces With Solana For Blockchain And NFT Games

The gaming company behind the smash hit PUBG Series will launch an “assault” into the NFT battlegrounds. The world’s leading video game publishers are experimenting with Web3 gaming, utilizing NFT assets and cryptocurrency-based ecosystems in the process. A well-known gaming company with a tremendously successful brand is developing blockchain-based games — specifically, on Solana. Krafton, the creator of PUBG: Battlegrounds (originally PlayerUnknown’s Battlegrounds), announced a collaboration with blockchain technology platform Solana Labs on Wednesday to support the development and promotion of blockchain-based games and services. The South Korean game publisher Krafton,…

EU Set to Experiment With Blockchain-Based Stock, Bond, and Fund Trading

Mairead McGuinness, the European Commission’s most senior financial-services official, hailed what she described as “groundbreaking work” that could enable financial markets to “safely experiment” with innovative technology more efficiently by allowing traditional financial instruments like stocks, bonds and exchange-traded funds to be tokenized in spite of strictures normally contained in EU law. Source link

Chainlink launches startup program to provide blockchain resources to early-stage projects

Chainlink Labs recently announced a program that provides a blueprint to help new crypto projects in their blockchain business building journey. According to the company, the program called Startup with Chainlink will help early-stage founders and entrepreneurs with free information resources, community groups and access to mentors from a pool of business and technical experts. David Post, a Chainlink Labs executive who contributed to creating the program mentioned that the it will let startups access scaling information, operations best practices, webinars, events and community groups. However, top projects will be…

How ambitious young blockchain projects are connecting blockchain and music

Blockchain technology is simple to understand at a basic level, existing as a shared database, where different devices distributed across the network must verify the entries posted. As a result, blockchain is most well-known for decentralization, anonymity and security, all of which are evident in the first cryptocurrency, Bitcoin (BTC). While many are quick to associate Bitcoin with blockchain, this is only one of the possible use cases for the technology. One of the most notable use cases right now is the music industry, where creators have gained new opportunities…

Cypher Capital Rolls Out Worth $100m Blockchain and Digital Assets Fund

To expand the blockchain ecosystem, UAE-based venture capital firm Cypher Capital has launched a $100 million seed fund with a special interest in digital asset investments.  The fund to be financed by Bijan Alizadeh, the firm’s founder, will be pumped into projects in decentralized finance (DeFi), metaverse, and blockchain gaming sectors.  Cypher Capital plans to create a holistic blockchain community by collaborating with outstanding talent, visionary innovators, and other venture capital partners to make a significant difference. Alizadeh noted: “We will collaborate closely with our portfolio projects, offering them…

Lemonade to Offer Blockchain-Powered Climate Insurance for Farmers in Emerging Markets

Lemonade, a top American insurance company, has revealed the formation of the Lemonade Crypto Climate Coalition meant to offer blockchain-enabled climate insurance to the most vulnerable farmers across the globe. Through its nonprofit organization dubbed the Lemonade Foundation, Lemonade has partnered with other companies like Chainlink, Avalanche, DAOstack, Hannover Re, Tomorrow.io, Pula, and Etherisc as founding coalition members. Based on the Lemonade Foundation’s objective of rendering environmental and social change through technology, the coalition is being established as a Decentralized Autonomous Organization (DAO) to create and distribute parametric and instantaneous…