Tag: Blockchain

Bitget U30 Hackathon Recognizes Budding AI and Blockchain Innovators

Bitget, a renowned cryptocurrency derivatives and copy trading platform, celebrated the triumphant teams of its Under 30 Virtual Hackathon on October 16, 2023. This venture is a part of the Blockchain4Youth CSR program aimed at fostering young talents in AI and blockchain technology. The hackathon commenced on August 12 and concluded on September 24, 2023, spotlighting remarkable innovations in AI and blockchain arenas. The U30 Hackathon was executed with the concerted effort of Bitget alongside industry frontrunners such as Bitget Wallet, Foresight Ventures, and HackerEarth. A significant prize pool of…

Coinbase Amplifies Anti-Terrorism Financing Measures Through Blockchain Analytics

In an era where digital currencies are gaining traction, ensuring the prevention of their misuse is paramount. On October 17, 2023, Coinbase, a prestigious cryptocurrency exchange, delineated its strategies to combat illicit financial activities, particularly focusing on thwarting terrorism financing, through an official blog post. The essential takeaway is the unwavering stance that no currency – be it fiat, gold, or cryptocurrency – should be utilized in supporting Hamas or any other terrorist entities. This is anchored on the principle of keeping the crypto realm clean from nefarious activities which…

EY Announces First Corporate Client for EY Blockchain Analyzer: Reconciler

The tool will use analytical dashboards to identify transaction errors, wallet address balances and digital signatures. Ernst & Young (EY) Global has announced the first corporate client for its EY Blockchain Analyzer: Reconciler. Per the announcement, Fidelity Digital Assets, a subsidiary of Fidelity Investments, became the first enterprise to use the tool after its launch in February. EY Global Blockchain Leader Paul Brody believes that a robust internal risk management process and operational excellence are necessary for cryptocurrency platforms to gain a competitive edge and instill trust among investors and…

Bitget Reveals Its Card Plans at Dubai’s Future Blockchain Summit

At the event, the Managing Director of Bitget Gracy Chen delivered a speech titled “Top Crypto Opportunities in Q4 2023 and Beyond” where she provided insights into the goals Bitget aims to pursue in the crypto industry.  Seychelles-based cryptocurrency exchange Bitget is taking part in the Future Blockchain Summit being held in Dubai from October 15 to October 18. The participation marks the company’s expansion into the Middle East region announced earlier this year. During the event, the company revealed its plans to launch a Bitget Card – a premium crypto-backed…

OKX Ventures Invests in Celestia Lab’s Series B Funding for Modular Blockchain Development

OKX Ventures, the venture capital subsidiary of notable cryptocurrency exchange and Web3 technology firm OKX, declared its involvement in the Series B funding phase of Celestia Lab today. Celestia stands as the pioneering modular blockchain network which allows developers to utilize its platform as a foundational layer for consensus and data processes. Post this, developers have the liberty to select a virtual machine, such as Ethereum, Solana, or zero-knowledge roll-ups among other compatible smart contract execution layers, to create and launch their distinct blockchain networks. This notion diverges from the…

SEGA, double jump.tokyo hyped about blockchain gaming

SEGA’s co-COO Shuji Utsumi and Double Jump Tokyo CEO Hironobu Ueno expect a future where blockchain technology is prevalent across the gaming industry. In a recent interview with Japanese publication Dengeki Online, Utsumi and Ueno gave their collective insights into the progress of the highly anticipated game, Battle of Three Kingdoms, which integrates non-fungible tokens (NFTs) into its gameplay. Both Utsumi and Ueno acknowledged the potential for blockchain technology to revolutionize the gaming industry. While Ueno detailed how the complexity of blockchain technology has made early adoption a challenge, he…

2023’s Blockchain Gaming Investments: Riding High Or Losing Steam?

Although the overall crypto market has displayed bearish sentiment throughout 2023, investments in blockchain gaming projects painted a contrasting picture.  Data from the decentralized app tracking platform DappRadar reveals some intriguing insights about the flow of capital into the blockchain gaming sector. Even as crypto markets remained volatile, the commitment from investors toward gaming projects persisted. A Deep Dive Into The Investment Trends Blockchain gaming has attracted significant capital this year with the potential to make changes in the financial and entertainment sectors. DappRadar reported that the blockchain gaming space…

CertiK, Blockchain Code Auditor, Makes ‘Strategic Workforce Adjustment’ of 15%

“In response to evolving market dynamics, CertiK undertook a strategic workforce adjustment today, impacting fewer than 15% of our colleagues,” according to an emailed statement from co-founder and CEO Ronghui Gu. “Our primary aim is to recalibrate our team structure to better align with our long-term strategic aspirations. CertiK remains committed to our mission and is confident that these changes are essential steps towards achieving our goals.” Source link

What is blockchain network congestion?

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Blockchain network congestion, explained Blockchain network congestion refers to a situation where the number of transactions exceeds the network’s capacity, resulting in processing delays. When there are more pending transactions than the network can handle, blockchain networks get congested. Limited block sizes and the length of time required to construct a new block are the causes of this issue.  Transactions are delayed, and users notice slower processing times when the volume of transactions exceeds the network’s capacity to confirm them quickly. The release of BRC-20 tokens on the Bitcoin blockchain…

Blockchain gaming sees $2.3B in investments year-to-date: Report

Blockchain gaming projects have seen $2.3 billion in investments in 2023, with the third quarter getting $600 million despite crypto market prices seemingly being in a bearish mood all year.  According to a report from the decentralized applications (DApp) tracking platform DappRadar, the first quarter of 2023 netted $739 million in investments, while the second and third quarters saw $973 million and $600 million, respectively. This shows that the blockchain gaming sector attracted a total of $2.3 billion in investments in the first three quarters of 2023. Investments in blockchain…