Tag: Blockchain

What is Bitcoin Ordinals? | Blockchain News

Bitcoin Ordinals, also known as digital artifacts, are a way to inscribe digital content on the Bitcoin blockchain. They were introduced in January 2023 by Casey Rodarmor, a programmer and artist, who saw an opportunity to create a unique experience on the Bitcoin blockchain similar to non-fungible tokens (NFTs) on Ethereum and other blockchains. What are Bitcoin Ordinals? Bitcoin Ordinals are a system for numbering and tracking individual satoshis (the smallest unit of Bitcoin), transforming them into non-fungible tokens (NFTs). Ordinals are based on ordinal theory, which gives individual identities…

Celo blockchain proposes return to Ethereum ecosystem, transition to L2

CLabs, the organization responsible for developing the Celo blockchain, is seeking to return to the Ethereum ecosystem by transitioning from an independent EVM-compatible layer-1 blockchain to an Ethereum layer-2 solution.  According to a proposal discussion on Celo’s governance forum, the transition would include leveraging OP Stack as the architecture to become an Ethereum L2 blockchain, eliminating the need to monitor tooling and libraries composability through upgrades, thus “making it easy for Celo developers to utilize the full gambit of Ethereum tooling/libraries.” Other key differentiating factors would include an off-chain data…

HIVE Blockchain rebrands to reflect its AI and web3 push

HIVE Blockchain, a publicly traded bitcoin mining firm, switched to AI and cloud computing. HIVE is also launching its GPU rental and cloud computing service. AI boom continues to gain momentum. Many sectors of the global economy and even governments are integrating it into their processes. HIVE Blockchain, a Canada-based publicly listed bitcoin (BTC) mining firm, is repositioning itself to take advantage of the rapidly evolving technology. According to a July 12 blog post, HIVE Blockchain has changed its name to HIVE Digital Technologies Ltd. to reflect its expansion push…

Texas Blockchain Council director announces run for State House

Steven Kinard, director of Bitcoin mining analytics at the Texas Blockchain Council, a crypto advocacy group, has announced that he will run for a seat in the Texas House of Representatives. In a July 11 announcement, Kinard said he planned to seek the Republican Party nomination for Texas House District 70 in the Dallas-Fort Worth area, where he would serve a two-year term starting in 2025 if elected. The candidate has worked at the Texas Blockchain Council since March 2022 following roughly three years at BOK Financial. It’s official! #HD70…

Blockchain group to push Philippines Web3 adoption via state partnership

The Blockchain Council of the Philippines (BCP) — a nonprofit organization dedicated to improving the regulatory framework for blockchain technology — has partnered with the Department of Information and Communications Technology (DICT) to foster Web3 adoption in the Philippines.  In an announcement sent to Cointelegraph, Donald Lim, the founding president of the BCP, said that the organization’s vision is to drive Web3 adoption in the Philippines. BCP’s primary goal is to propel blockchain adoption in the country and make the country a global leader in blockchain technology. To achieve this…

BNB Chain to Tackle Blockchain Exploit Risks in Major July Hard Fork

“If a reconciliation error occurs, the blockchain will stop producing new blocks, impacting downstream services such as bridges, deposits, and withdrawals on exchanges,” developers wrote on GitHub. “This drastic action is necessary to protect the chain and its users, so core developers and community members should investigate the issue as soon as possible.” Source link

Crypto miner Hive Digital drops ‘blockchain’ from name amid pivot to AI

Crypto mining firm Hive Blockchain is now calling itself Hive Digital Technologies — after enacting a branding pivot that seeks to highlight its foray into artificial intelligence. The Vancour-based mining company said in a July 12 statement it has dropped “blockchain” from its name to better represent the company’s “evolving focus” on revenue opportunities in graphics processing units (GPUs) and cloud computing as well as “its mission to drive advancements in AI” and support the “new Web3 ecosystem.” “As we expand our GPU Cloud business, we require a strategy that…

BNB Beacon Chain hard fork adds ‘panic’ feature that can ‘halt’ blockchain

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The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new blocks if certain conditions are met. In a July 12 statement from BNB Chain, the “ZhangHeng” upgrade is expected to take place at block height 328,088,888, which it expects will occur on July 19. Important information about our latest upgrade ⤵️https://t.co/4sJkTJbGeZ — BNB Chain (@BNBCHAIN) July 12, 2023 The hard fork will introduce Binance Evolution Proposal BEP-255, which seeks…

Google Play Joins The Tokenization Bandwagon With Blockchain Gaming And NFT Recognition

According to a recent report by VentureBeat, Google Play has updated its policies to allow blockchain-based digital content, including non-fungible tokens (NFTs) and other tokenized digital assets, in its app store.  The move is in response to the growing interest in NFTs and their unique user experiences. Google has been working with Web3 game makers such as Mythical Games to bring blockchain gaming recognition to the masses. Google Play’s Blockchain And NFT Policy Update Previously, blockchain game companies had difficulty distributing their games, as they often relied on the open…

Blockchain Association calls for investigation into Prometheum over alleged ‘sweetheart’ SEC deal

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The United States-based crypto advocacy group Blockchain Association has submitted a letter to the Securities and Exchange Commission’s (SEC) Office of Inspector General calling for an investigation into crypto firm Prometheum. In a July 12 letter, the Blockchain Association requested SEC inspector general Deborah Jeffrey look into the Financial Industry Regulatory Authority’s approval of Prometheum’s special purpose broker-dealer license (SPBD). The group also raised concerns about the means by which co-CEO Aaron Kaplan secured a seat testifying before the U.S. House Financial Services Committee in June. The advocacy group said the…