The market study may be the first of its kind to examine Web3 competition dynamics. Source
Luxembourg Antitrust Authority to Probe Blockchain, Web3 Competition
Tag: Blockchain
10 industry insiders’ tips for devs who are new to blockchain coding
Tech developers looking for a new challenge may well be turning their attention to blockchain. The space is still fresh enough that a newcomer can get in on the ground floor of exciting new developments and take their place among industry pioneers. However, devs who are used to being “tech gurus” may hesitate at the threshold, uncertain where to begin their professional journey with blockchain. And there’s no doubt there’s important homework to be done before leaping in. Below, 10 members of Cointelegraph Innovation Circle share some tips for curious…
Swift and Chainlink Will Test Connecting Over a Dozen Financial Institutions Like BNY Mellon to Blockchain Networks
In a new set of experiments, Swift will partner with major TradFi institutions like Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group. The goal is to test how these institutions can use the Swift’s infrastructure to instruct the transfer of tokenized assets across blockchains, the press release said. Source link
Can blockchain games really offer a sustainable income?
Blockchain games are mostly played for entertainment, but some developers within the industry think the games could eventually evolve into a form of employment where players can grind out a living wage. Video games using blockchain tech allow players to earn native crypto or nonfungible tokens (NFTs) by playing and participating in activities within the virtual world. Users can then trade or sell their rewards to others and convert them to fiat currency or other crypto, such as Bitcoin (BTC) and Ether (ETH). Known as GameFi and play-to-earn (P2E), these…
Binance sees $778M net outflows on Ethereum blockchain amid SEC charges: Nansen
The SEC lawsuit against Binance on June 5, accusing the crypto exchange of violating various securities laws, had a direct impact on the crypto market as well as the balance sheet of the crypto exchange. According to data shared by crypto analytic firm Nansen, Binance saw a negative netflow of $778 million on the Ethereum blockchain, where $871 million worth of assets inflowed onto the exchange while $1.6 billion worth of assets went out of the exchange. Even in the first 24 hours following the SEC lawsuit, Ethereum-based tokens have…
Meme Coins On Bitcoin Blockchain Under Threat As Coders Seek Removal
Meme coins may be facing a daunting threat to their existence. The coders and validators of the Bitcoin blockchain, the very foundation on which these meme coins operate, are contemplating their removal. This pivotal decision comes in the wake of a significant surge in Bitcoin blockchain gas prices witnessed in May, a surge fueled by the relentless growth of Bitcoin-based meme coins. But what does this mean for the future of meme coins? Is this the end of their wild and unpredictable journey? Bitcoin Blockchain Faces Threat From Surging Meme…
3 Reasons Why Beauty on the Blockchain Makes Sense
Through new forms of digital artistry and cutting-edge technological innovation, today’s leading beauty companies hope to reach Web3-native consumers, create meaningful experiences and perhaps even clean up their supply chain. Source
JPMorgan partners with Indian banks to enable dollar trading via blockchain
Global financial giant JPMorgan has announced a strategic partnership with six major Indian banks to launch a blockchain-based platform to settle interbank dollar transactions. This latest move is part of a broader effort to promote the growth of Gujarat International Finance Tec-City (GIFT City), a project by the Indian government to establish a competitive financial hub to rival global centers such as Singapore, Hong Kong, Abu Dhabi Global Market (ADGM), and Dubai’s International Financial Centre. Kaustubh Kulkarni, the senior country officer for India and vice chairman of Asia Pacific at…
JPMorgan Partners wit Six Indian Banks to Settle Dollar Trades on Blockchain
The goal of this project will be to settle dollar trades in real-time which is significantly faster than the current settlement periods of a few days. Banking giant JPMorgan has partnered with six Indian banks to settle interbank dollar transactions over a blockchain platform in the country’s newest international financial hub of GIFT City. JPMorgan has joined hands with some of the top private-sector Indian lenders such as HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Yes Bank Ltd., and IndusInd Bank Ltd. Speaking in an interview, Kaustubh Kulkarni,…
JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks
Global financial services company JPMorgan continues exploring the benefits of blockchain, deploying the technology to eliminate some restraints of traditional finance. JPMorgan has partnered with six major Indian banks to introduce a blockchain-based platform enabling interbank settlement of dollar transactions, Bloomberg reported on June 5. The participating banks include HDFC Bank, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank and JPMorgan’s own banking unit at Gujarat International Finance Tec-City, or GIFT City. The blockchain project aims to expand the capacity of the existing settlement system, JPMorgan’s senior country officer Kaustubh…