Tag: Blockchain

Hong Kong crypto VC opens $100M fund for Asian blockchain startups

Hong Kong-based crypto-focused venture capital (VC) firm CMCC Global has raised $100 million to support Asian blockchain startups.  The crypto fund, called Titan Fund, closed its inaugural funding round on Oct. 4, with participation from 30 investors, including blockchain company Block.one, Hong Kong tycoon Richard Li’s Pacific Century Group, Winklevoss Capital, Jebsen Capital and Animoca Brands founder Yat Siu, the South China Morning Post reported. Titan Fund will concentrate on investments in key areas: blockchain infrastructure, consumer applications like gaming and nonfungible tokens (NFTs), and financial services, including exchanges, wallets and platforms…

Blockchain finance to reach $79 billion market by 2032

According to a report by Allied Market Research, blockchain financial market participants are now exploring collaborations and acquisitions as a core strategy. The traditional finance industry’s challenges caused by the COVID-19 pandemic, coupled with the promise of lower operating costs, increase the chances of greater global adoption of the digital ecosystem. “Blockchain technology has the potential to revolutionize the blockchain finance market by significantly improving settlement processes and expediting payment transactions.” Allied Market Research The main advantages of blockchain finance industry include the use of significant computing power, which makes blockchains…

Stellar, PwC publish ‘framework’ to judge emerging market blockchain projects

The Stellar Development Foundation, developers of the Stellar network, released a financial inclusion framework for judging the efficacy of emerging market blockchain projects. The framework was developed in cooperation with consultants PricewaterhouseCoopers International (PwC) and was explained in a white paper published on September 25.  Using this framework, the teams concluded that blockchain payments solutions significantly increased access to financial products by lowering fees to 1% or less. They also found that blockchain products have increased the speed of payments and helped users to avoid inflation. Financial inclusion framework parameters.…

Blockchain Titans OP Labs, Polygon, and Matter Labs Vie for Celo Contracts Amid Crypto Winter Layoffs

BLOCKCHAIN BAKE-OFF! In July, when the smart-contracts blockchain Celo proposed to ditch its independent “layer-1” status in favor of becoming a layer 2 network atop Ethereum, the people behind the project may have had little inkling of just how popular they would become. Now there’s suddenly a burst of competition among veteran layer-2 teams to supply the technology for Celo’s new system. The migration initially was supposed to rely on Optimism’s OP Stack software kit, which served as the template not only for Coinbase’s new Base blockchain but also the…

Crypto Data Company Flare Partners Avascan to Launch New Blockchain Explorer

For developers looking to integrate blockchain data into their applications, Flarescan will also offer a developer API, simplifying the process of harnessing blockchain insights. Blockchain for data company Flare has partnered with the Avascan Block Explorer team to launch Flarescan, a comprehensive web explorer explicitly designed for the Flare ecosystem. In a press release shared with Coinspeaker on October 4, the company said the new block explorer is designed with a keen focus on detail and user-friendliness, incorporating all the impressive features of Avascan. Flarescan Scheduled for Launch on October…

Blockchain finance to grow into $79.3B market by 2032

The global blockchain finance market — encompassing public and private blockchains, trading, payments, settlements and asset management — is well-positioned to grow into a $79.3B market by 2032. A report by Allied Market Research revealed that the blockchain finance market players are heavily exploring collaborations and acquisitions as a top strategy. COVID-19 pandemic-induced disruptions in traditional finance, coupled with the promise to reduce operational costs set the stage for the mainstreaming of the digital ecosystem. The public blockchain sub-segment accounts for dominant market share. Source: Allied Market Research In 2023, the…

How the actor model could enable better blockchain gaming apps

Decentralized applications (DApps), including apps for gaming, have gained traction for their transparency, security and user asset ownership. However, delivering high-quality AAA gaming experiences through DApps presents challenges. Existing 2D gaming DApps operate on blockchain networks using smart contracts for asset management. While they’re favored for their simple mechanics and resource efficiency, their limitations become evident as the complexity of the gaming experience increases. Scalability is a primary hurdle for traditional blockchains like Ethereum, impacting real-time interactive gaming due to constraints surrounding transaction throughput and latency. Performance is also an…

Neal Stephenson’s blockchain project holds discovery month as metaverse hype wanes

The blockchain project launched by Neal Stephenson, who coined the term “metaverse” in his 1992 book Snow Crash, is pushing forward with its vision despite the lower interest in the metaverse and some declaring that it’s “dead.”  Compared to its peak in 2021 and 2022, search interest for the metaverse has declined in 2023, according to data from Google Trends. The lowering interest in the metaverse has also led some to declare that the metaverse hype is dead. Global search interest for the keyword “metaverse.” Source: Google Trends Despite the…

BTC Price Surges Despite SEC Delaying Some ETF Decisions – Blockchain News, Opinion, TV and Jobs

Notably, September saw BTC registering a 4% price increase, marking the first September price rise since 2016. This welcome development provided respite for the digital asset market capitalization, following two consecutive negative months in July and August.Bitcoin leads the charge in this upward trajectory, as evidenced by the Bitcoin dominance metric, which measures the relationship between Bitcoin’s market capitalization and the total digital asset market capitalization. Bitcoin dominance rose to 50.4%, up from 49.9% at the end of the previous week, showcasing its relative strength in comparison to the broader…