Tag: Blockchain

Blockchain industry must break vendor lock-in for developers’ freedom

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. No single entity, interest group, or political faction defines (or dominates) the blockchain industry. But despite all differences, positive and negative, there is a shared mission—achieving mass adoption.  More people, businesses, and communities must benefit from crypto and blockchain tech worldwide. To achieve this fully, anyone should be able to build high-quality dApps and on-chain tools. Devs must have the freedom to express themselves in any language…

Australia’s ASX Faces Lawsuit Over ‘Misleading’ Blockchain Project Claims—Details

A media release published earlier today by the Australian Securities and Investments Commission (ASIC) revealed that the country’s largest securities market operator, ASX Limited, is now facing legal challenges following the operator’s alleged misleading statements about its paused blockchain project. Initially set to revamp ASX’s antiquated shareholding and settlement management system, this blockchain project was abruptly halted in late 2022, sparking scrutiny and legal repercussions. The ASIC release read: ASIC has commenced proceedings in the Federal Court against Australia’s largest market operator, ASX Limited, for allegedly making misleading statements related…

Offchain Labs Launches Tandem to Empower Blockchain Innovation

Rebeca Moen Aug 15, 2024 03:20 Offchain Labs introduces Tandem, a partner studio aimed at solving blockchain’s toughest challenges through collaboration and investment. Offchain Labs has announced the launch of Tandem, a new partner studio designed to assist select partners in overcoming some of the most significant challenges in the blockchain space. According to Offchain Labs, Tandem aims to provide both financial investment and deep collaborative support. Mission and Vision Offchain Labs, known for its work on Arbitrum, has always focused on…

Exploring Registration-Based Encryption for Blockchain Key Distribution

Jessie A Ellis Aug 15, 2024 01:38 A new approach to key management on blockchains, registration-based encryption, offers promising advantages over traditional methods like public key directories and identity-based encryption. Linking cryptographic keys to identities has been a long-standing challenge since the advent of public-key cryptography. The primary issue is providing and maintaining a publicly available and consistent mapping between identities and public keys. This challenge is particularly relevant in the context of web3, where transparency and anonymity are paramount. According to…

Sahara AI, Blockchain Project Tackling Copyright and Privacy, Raises $43M

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Coinbase Promotes cbBTC, Version of BitGo’s Wrapped Bitcoin (WBTC), for Base Blockchain

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Wrapping a crypto token is a way of making it available on protocols other than the one it was originally designed for, bringing increased liquidity to the target ecosystem. Each wrapped bitcoin represents one of the original, which is stored in custody. When a trader wants to redeem the wrapped token for bitcoin, the wrapped version is “burnt,” or deleted from the chain, and the original is released. Original

Australia’s Securities Regulator Sues ASX for Misleading Statements About Blockchain Project

Australia’s Securities and Investment Commission (ASIC) has sued the country’s largest market operator, ASX Limited, for allegedly making misleading statements about how its blockchain project to replace its aged Clearing House Electronic Subregister System (CHESS) was progressing, before revealing that it had cancelled the project, the regulator announced on Wednesday. Source

Token Terminal Forecasts BlackRock To Launch Its Own Blockchain Network – Details Inside

On-chain data platform Token Terminal has set the stage for a potential seismic shift in the crypto ecosystem. It predicts that $10 trillion asset management giant and exchange-traded fund (ETF) issuer BlackRock is preparing to unveil its blockchain platform.  BlackRock’s Crypto Masterplan Recent research by Token Terminal delves into BlackRock’s strategic entry into the crypto space, outlining the firm’s approach to the emerging digital asset class.  According to the platform’s findings, BlackRock has segmented the crypto asset class into three distinct categories: crypto assets, including Bitcoin, stablecoins, and Real World…

Canto Blockchain Suffers Two-Day Outage Amid Consensus Issue

“Canto chain is currently experiencing an issue with consensus that has caused the chain to halt,” Canto said in an announcement on X. “An upgrade to address this issue will be carried out on Monday, August 12 UTC 12:00. All funds are safe. Once the chain resumes, users will be able to access all activities as usual.” Source