Tag: Blockchain

Ether (ETH) Price Under Pressure as Ethereum Blockchain Revenue Plunges, Crypto Turns Inflationary

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Google Cloud Pushes Deeper Into Blockchain Data, Adding 11 Networks Including Polygon

“Over the past 18 months we’ve been investing in this space, we’ve continued to hire, we’ve continued to grow not only our business development and our go-to-market teams but also our product and engineering capabilities,” James Tromans, global head of Web3, Google Cloud, told CoinDesk TV in an interview last week. “We’re really beginning to show that we’re not just fly-by-night and not just here when the time is going well.” Source

Implications for the Economy and Crypto Market” – Blockchain News, Opinion, TV and Jobs

The recent Federal Reserve decision to maintain interest rates as they were, has sparked conversations about its potential repercussions for both the broader economy and the cryptocurrency market. While industry experts suggest that crypto may remain relatively insulated from this decision, the central bank’s insights into the overall economic landscape carry significant weight. A Battle Against Inflation For over a year, the Federal Reserve has been waging a relentless battle against inflation. Between March 2022 and July of the same year, the federal funds rate, a pivotal interest rate, surged…

NHN Embraces Web3, Taps Sui Blockchain for Crypto Games

NHN said it chose the Sui blockchain for its crypto game development thanks to its low transaction fees, fast processing time, and high scalability. South Korean mobile game developer NHN has joined the crypto bandwagon through a partnership with Mysten Labs, the owner of the Sui blockchain, to develop games for players in the industry. In an official press release dated September 21, the company’s gaming division announced its expansion into the Web3 ecosystem, joining the ranks of South Korean gaming companies such as Krafton, Com2us, Wemade, Nexon, Neowiz, NCSoft,…

blockchain is not ready for mainstream gaming

Colleen Sullivan, who is in charge of Brevan Howard Asset Management’s crypto-venture arm, recognizes the potential of blockchain technology in the gaming industry. However, she also acknowledges the current technological limitations. In particular, she highlights concerns about the public ledger’s throughput, particularly in networks such as Solana, which can only process approximately 2,000 user transactions per second. This capacity, in her view, falls short of what is required to host high-quality gaming experiences. “That’s still a fraction of what it would take to put a game like Monopoly GO, its…

How One Blockchain Project’s Decentralization Push Culminated in Rage Quitting

Rage quitting was the talk of Noun town on Dec. 20, 2022, when the project’s two core engineers, Elad Mallel and David Brailovsky, introduced the controversial mechanism in a Twitter Spaces hosted by Noun Square, a media collective funded by Nouns DAO. They pitched it as a security backstop against a 51% attack, in which evil-doers who have seized majority control can force through malicious proposals, such as sending themselves the entire treasury. Source

Busan is developing an Ethereum-compatible mainnet to become a ‘Blockchain City’

South Korea’s second-largest city Busan is developing a public blockchain network compatible with mainstream blockchain platforms such as Ethereum and Cosmos. The aim is to integrate blockchain-based services from various blockchain mainnets onto a single platform at a city level and develop Busan into a Blockchain city. Busan City has allocated a 100 billion won ($75 million) budget for open blockchain development compatible with global standards under the Blockchain Innovation Fund (BIF). The funds will be raised through investments from public financial institutions in Busan with nearly 100 private companies…

Layer 2 Blockchain Optimism Sells 116M OP Tokens to 7 Large Buyers

The foundation also issued its third community airdrop earlier this week, with over 31,000 users receiving a share of 19.4 million tokens. Circulating supply, however, remains relatively low compared to the total supply with a further 570 million tokens being allocated to future airdrops. OP’s circulating supply is 18.59% of its total supply, according to CoinMarketCap. Source

Wormhole integrates native USDC transfers for four blockchain networks

Wormhole has integrated Circle’s Cross-Chain Transfer Protocol (CCTP), allowing USD Coin (USDC) to be transferred between Ethereum, Avalanche, Arbitrum and Optimism via Wormhole-based bridges, according to a Sept. 20 announcement. The new feature is available to end-users via the Portal bridge, and developers can integrate it into their own apps using Wormhole Connect. Portal USDC bridge. Source: Portal The Wormhole team claimed that the new integration will reduce liquidity issues and user confusion. “On these new and emerging chains, multiple versions of these bridged USDC tokens can exist,” it stated,…