Tag: Blockchain

Parliamentary report recommends Canada recognize, strategize blockchain industry

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A Canadian House of Commons committee report has recommended that the country “recognize blockchain as an emerging industry,” and take all the steps that entails. There are a lot of steps needed, it said. The report was released by the Canadian House of Commons Standing Committee on Industry and Technology after a study that involved five meetings and numerous witnesses and briefs. The report outlined uses of blockchain that included cryptocurrency, supply chain and public sector uses and non-crypto financial innovations. “Canada punches above its weight,” in blockchain innovation and…

Crypto.org blockchain validator penalized, loses over $25,500 in CRO

MoonNode, a validator on the Crypto.org network, was slashed and lost 5% of the total staked CRO after a hacker took over its infrastructure and doubled signed transactions. As of July 9, the 5% slash translated to around 450,000 CRO worth $25,500 at spot rates has been burned. The validator had approximately 9 million CRO when the network enforced a double sign slash. Crypto.org chain compromised, MoonNode validator slashed The information was shared on Twitter by IcyCRO, a validator and a Cosmos InterBlockchain Communication (IBC) relayer of tokens like cosmos…

Sega Suspends Blockchain Gaming Initiatives, Game Over?

Japanese video game powerhouse Sega plans to withhold its biggest game franchises from third-party blockchain projects, as it cools interests in blockchain gaming, a Bloomberg report has revealed. This move comes after the underwhelming performance of non-fungible tokens (NFTs) and the waning excitement around blockchain-based games in recent months. Sega Rolls Back Blockchain Gaming Plans, COO Questions Technology  In an interview with Bloomberg, Sega’s co-Chief Operating Officer Shuji Utsumi revealed that the company would not be pursuing its blockchain gaming plans, at least for now. Healso mentioned that the firm…

Oracle Red Bull Racing Teams Up with Mysten Labs for Blockchain Engagement via Sui Platform

Sui has been selected to serve as the official blockchain partner for Oracle Red Bull Racing. Oracle Red Bull Racing Validator will be available on Sui thanks to the collaboration between the team and Mysten Labs. Mysten Labs, which was the project’s first contributor, will be in charge of managing and operating the validator. In order to enhance the Sui protocol, the Oracle Red Bull Racing Validator will take part in the process of reaching a consensus throughout the network. This will assist to guarantee that the blockchain is populated…

Over $30 Billion Lost to Blockchain Hacks, Reveals SlowMist Hacked Statistics

According to a research by SlowMist Hacked Statistics, the total amount of money that has been stolen from blockchains is an astounding $30,011,604,576.24. This information comes as a stunning surprise. The data, which encompasses a total of 1,101 hack occurrences, highlights the mounting worries over the sector’s security as blockchain and cryptocurrencies continue to gain popularity. The study includes a thorough analysis of the losses by category, showing the sectors that have been most impacted by the aforementioned security breaches. The Exchange category is at the top of the list…

Centralized Blockchain Payments Gain Traction As NY Fed Reports Success

Centralized blockchain payments have emerged as a promising solution to tackle the challenges plaguing the settlement process, as affirmed by the New York Federal Reserve after successfully concluding an extensive three-month experiment with prominent banks.  In a statement released on Thursday, the New York central bank revealed that the experiment hinged upon a groundbreaking concept known as the “regulated liability network (RLN),” which served as the foundation for constructing a theoretical payment infrastructure. This innovative framework was specifically designed to facilitate the seamless exchange and settlement of regulated digital assets,…

Sega Rethinks Plans of Entering Blockchain Gaming, COO Calls GameFi ‘Boring’: Bloomberg

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Crypto Miner HIVE Blockchain Rebrands to Drive AI Expansion

HIVE Blockchain Technologies Ltd. has declared its plan to strategically rebrand, including a transition to the new name “HIVE Digital Technologies Ltd.” This rebranding initiative is designed to mirror the company’s progression into the realm of high-performance computing (HPC) data centres, utilizing Nvidia’s superior Graphics Processing Unit (GPU) chips to tap into the burgeoning trend of widespread adoption in the field of Artificial Intelligence (AI). Established in 2017, HIVE has been an innovative leader in the domain of cryptocurrency mining. The upcoming name change signifies a major strategic shift to…

Animoca still bullish on blockchain games, awaits license for metaverse fund

Blockchain-based games have been a hot topic in the cryptocurrency space over the past two years, accounting for considerable growth and daily activity on a number of protocols despite prolonged bear market conditions. Market research estimates that Web3 gaming pulled in around $4.5 billion in funding in 2022 as asset managers, investment funds and venture capitalists look to cash in on the burgeoning sector. In an exclusive interview with Cointelegraph, Animoca Brands co-founder Yat Siu highlighted the firm’s renewed optimism in the blockchain gaming sector and gave an update on…