Category: Blockchain

Future Looks Bright For Crypto In Indonesia: Pro-Blockchain VP Takes Office

Voters in Indonesia delivered a decisive victory to Gibran Rakabuming Raka, son of the current president, in the latest local elections. This win, coupled with Raka’s vocal support for blockchain and cryptocurrency technologies, has sparked excitement about a potential turning point for the country’s digital economy. With nearly 60% of the vote based on unofficial results, Raka’s win is seen as a reflection of the Indonesian public’s growing embrace of digital technologies. His campaign heavily emphasized digital innovation, including plans to educate and cultivate talent in blockchain, crypto, artificial intelligence,…

Sui Revealed as Top Destination for DeFi Inflows Over the Last 30 Days – Blockchain News, Opinion, TV and Jobs

Grand Cayman, Cayman Islands, February 15th, 2024, Chainwire Wormhole data shows nearly $310 million in assets bridged from Ethereum to Sui over the last month — more than all other blockchains combined. Sui, a Layer 1 blockchain that has experienced explosive growth since its inception nine months ago, is seeing a substantial migration of funds from Ethereum to the Sui ecosystem, with nearly $310 million worth of assets flowing through the Wormhole Portal in the past 30 days. The data is issued by wormholescan.io, which tracks the flow of funds…

Blockchain Adoption: CitiBank Trials Tokenization Of Private Equity Funds On Avalanche

CitiBank, one of the world’s largest banks, has successfully conducted a simulation demonstrating the tokenization of a private equity fund on the Avalanche blockchain network, specifically using Avalanche’s Layer 1 Spruce subnet.  Interestingly, this development has the potential to accelerate the adoption of distributed ledger technology in the financial industry, particularly on Wall Street. Blockchain Simulation For Forex Trading On Avalanche  According to the press release, the simulation was part of Project Guardian, a collaborative initiative between the Monetary Authority of Singapore (MAS) and the financial industry.  The application is…

PlayDapp’s $31 Million Hack: A Blow to Blockchain Gaming Security

PlayDapp, a prominent NFT marketplace, experienced a security breach, resulting in the unauthorized minting of $200 million PLA tokens, worth $31 million. PlayDapp, a South Korean Web3 game development platform and NFT marketplace, recently experienced a significant security breach. This attack led to the unauthorized creation of 200 million PLA tokens, valued at approximately $31 million, causing substantial financial losses and a dramatic decrease in the token’s market value. The hackers exploited a vulnerability in PlayDapp’s system, managing to add a new address as a minter on the platform and…

First-Ever ICO on Bitcoin Blockchain Launches in Under 2 Hours – Blockchain News, Opinion, TV and Jobs

London, UK, February 14th, 2024, Chainwire Bitcoin Dogs will make history in less than two hours’ time as the world’s first ICO on the Bitcoin blockchain gets underway. Remote Blockchain Education – Blockchain Partners $0DOG tokens are available to presale buyers for a price of $0.015, beginning at 11:00 AM GMT on the BitcoinDogs.club website. Prices will increase every 72 hours throughout the 30-day presale, ending at $0.0404 per token on the 15th of March. The ground-breaking ICO represents the beginning of a new era for the Bitcoin ecosystem and…

EarnBet.io Processed $1 Billion In Bets and Distributed Millions in User Rewards and Rakeback – Blockchain News, Opinion, TV and Jobs

Willemstad, Curaçao, February 13th, 2024, Chainwire EarnBet.io, an online crypto gambling platform today proudly announces that it has processed over $1 billion in bets and transferred millions of dollars in rewards and cashback to its users and token holders, showcasing its dedication to player satisfaction and innovation Since 2017, EarnBet has distinguished itself as a pioneering online betting platform, utilizing blockchain technology to offer unparalleled fairness, transparency, and player rewards. The introduction of several exclusive in-house games and an avant-garde wallet system has streamlined the deposit and withdrawal process for…

Bitcoin Price Soars as Net Inflow into BTC Spot ETFs Continues to Rise – Blockchain News, Opinion, TV and Jobs

The primary driver behind this price appreciation can be attributed to the increased inflow into BTC Spot ETFs. As anticipated in previous weeks, the outflow from the Grayscale Bitcoin ETF (GBTC) was expected to diminish after the initial couple of weeks of trading. This expectation materialized, with GBTC outflows showing a significant decrease in the final days of January and continuing to decline through February. The daily outflow from GBTC during the two initial weeks post-approval averaged around $500 million. However, in the past week, total outflows from GBTC amounted…

Can Blockchain Solve Healthcare? Nigeria Bets On The Technology To Curb Fake Drugs

Blockchain technology emerges as a potential robust solution to the persistent issue of counterfeit medicines in the pharmaceutical sector. According to Goldstein Market Intelligence’s forecast, the estimated impact of counterfeit medicines is a staggering $5.3 billion this year. Despite these challenges, industry experts express optimism about the transformative impact of blockchain technology in addressing this pressing concern. Is Blockchain The Solution To Counter Fake Drugs? In a recent interview with Sunday PUNCH, Oluseyi Akindeinde, the CEO of Hyperspace Technologies, highlighted the potential of blockchain in safeguarding the pharmaceutical sector. Akindeinde…

ADGM Partners with Solana (SOL) Foundation to Boost Blockchain Innovation

Abu Dhabi Global Market (ADGM) has partnered with the Solana Foundation to advance distributed ledger technology (DLT) within its regulatory framework, marking a significant step in fostering blockchain innovation in the region. Abu Dhabi Global Market (ADGM) has entered into a strategic partnership with the Solana Foundation, aimed at enhancing the development of Distributed Ledger Technology (DLT) within ADGM’s regulatory framework. This collaboration is part of ADGM’s broader initiative to become a leading hub for technology-driven financial services. The DLT Foundations Regulations, introduced by ADGM, are heralded as the world’s…

Worldwide Digital Asset-Based Exchange Traded Products AUM Rose 5% in Jan. as BTC Spot ETFs Approved – Blockchain News, Opinion, TV and Jobs

Please see below the most recent research on crypto ETPs from publicly listed digital asset and fintech investment business Fineqia (CSE:FNQ). Fineqia International, a leading digital asset and fintech investment business, announces that its analysis of global Exchange-Traded Products (ETPs) with digital assets as underlying collateral, revealed a 5% growth in total crypto Assets Under Management (AUM) in January, to $52.0 billion from $49.5 billion. During the same month, the market value of crypto assets decreased 2.7%, to about $1.73 trillion from $1.77 trillion. The difference between the growth in AUM of crypto ETPs and the…