Tag: Blockchain

OKX Ventures Invests in Blockchain and AI Verifiable Compute Layer Space and Time

Rongchai Wang Aug 27, 2024 16:21 OKX Ventures has invested in Space and Time, a verifiable compute layer that integrates AI and blockchain, enhancing data verification for smart contracts. OKX Ventures, the investment arm of leading cryptocurrency exchange and Web3 technology company OKX, has announced its investment in Space and Time (SxT), a verifiable compute layer for AI and blockchain. This strategic move aims to address growing challenges in data analytics by leveraging SxT’s innovative solutions. Space and Time’s Technological Edge Space…

DARKTIMES Introduces Medieval Brawler Royale on Sui Blockchain

Darius Baruo Aug 27, 2024 16:06 DARKTIMES, a medieval brawler royale game, leverages Sui blockchain for enhanced Web3 player engagement and asset ownership. DARKTIMES, a medieval brawler royale game, is set to launch on the Sui blockchain, promising to revolutionize Web3 player engagement and asset ownership, according to the Sui Blog. Developed since 2021, DARKTIMES offers a unique blend of RPG elements and multiplayer brawling, creating a dynamic gaming experience. An Immersive, Action-Packed World The game features multiple maps rich in lore,…

It’s Time to Build a Sustainable Blockchain Ecosystem

Importantly, these companies would likely be raising money at more realistic valuations, as they would need to demonstrate they are building genuine businesses with sustainable revenue models. In this model, the blockchain would generate revenue from the blockspace used by these products, builders would profit as the value of the tokens they own increases, venture capitalists would see returns through token unlocks, and centralized exchanges would earn from the buying and selling of tokens by users. Or, perhaps, larger companies would acquire these projects in a way that is financially…

Hackers Behind DMM Crypto Exchange’s $305,000,000 Bitcoin Heist Move 850 BTC: Blockchain Security Firm

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The hackers who plundered $305 million worth of Bitcoin from a Japanese crypto exchange earlier this year are moving their BTC. In May, the Japanese trading platform DMM Bitcoin lost 4,502.9 BTC in what the crypto investigative firm Chainalysis called “the seventh-largest crypto hack ever.” The blockchain security firm PeckShield says wallets associated with the hackers moved roughly 850 BTC worth more than $54 million to six different addresses this week. The cybercriminals, who on-chain sleuths suspect could be linked to the North Korean hacking outfit known as the Lazarus Group,…

Nigerian Central Bank Affiliate Partners With Blockchain Startup Zone to Boost Payments

The Nigeria Inter-Bank Settlement System (NIBSS) has partnered with Zone, a decentralized payment infrastructure company, to improve its payment services. NIBSS will use Zone’s blockchain technology to streamline its Payment Terminal Service Aggregation (PTSA) operations. Both NIBSS and Zone believe that blockchain technology can revolutionize the financial sector and enhance regulatory oversight. NIBSS Enhances Payment […] Source CryptoX Portal

Will Tether Unveil Its Own Blockchain? CEO Shares Intriguing Details

Amid speculation that Tether, issuer of the largest stablecoin in the crypto market USDT, could launch its blockchain, the company’s CEO, Paolo Ardoino, has addressed the rumors with key details.  Tether Abandons Plans To Launch Own Blockchain In an interview with Bloomberg News, Ardoino acknowledged Tether’s technological capabilities but noted that blockchains are rapidly becoming a “commodity” in the market. Ardoino said We are very good in technology, but I think blockchains will become almost a commodity in the future. Launching a blockchain ourselves might be not the right move.…

Gotbit Hedge Fund: Memes Are Driving the Next Wave of Blockchain Innovation

Memecoins, initially a niche in the digital asset world, have grown into a significant force within the blockchain and crypto markets. These tokens, often associated with cultural references and humor, present unique opportunities for substantial financial gains, drawing in traders and investors eager for high returns. As these tokens continue to evolve, their influence on […] Source CryptoX Portal

Sony Group Introduces Ethereum Layer-2 Blockchain Soneium

Sony Group, in partnership with Startale, has launched Soneium, a public Ethereum layer-2 blockchain. This development is part of Sony’s strategic expansion into the blockchain ecosystem, leveraging its extensive distribution networks in entertainment, gaming, finance, and electronics. Soneium aims to mainstream Web3 technologies and integrate them into daily consumer applications, promising to enhance user experience with blockchain’s benefits. “Soneium, by Sony Block Solutions Labs is building a public Ethereum layer 2 next-generation blockchain ecosystem designed to invoke emotion and empower creativity. Soneium will connect the blockchain technology (Web3) with the…