Tag: Blockchain

TON Blockchain Releases On-Chain Encrypted Messaging Feature

The Open Network (TON) has announced the launch of its new messaging feature. This component will enable users to share messages and transaction details privately on the blockchain. The Open Network Introduces Encrypted Messaging Feature On Monday, July 3, the TON Foundation announced the introduction of an on-chain encrypted messaging feature, which will enable secure communication between its network users. This new feature is an upgrade to the previous messaging service provided by the platform.  Related Reading: South Africa Imposes Year-End Licensing Deadline For Crypto Exchanges Indeed, users have always…

185 Blockchain Hacking Incidents with $920M Loss Reported by SlowMist in First Half of 2023

SlowMist, a renowned blockchain security firm, has recently published its mid-2023 report on Blockchain Security and Anti-Money Laundering (AML). The report offers a comprehensive overview of the current global landscape of blockchain security and AML developments. The first half of 2023 witnessed significant growth and increased security challenges in the blockchain sector. According to SlowMist’s Blockchain Hacked Incident Archive, there were 185 security breaches leading to a massive loss of $920 million. However, this figure represents a 54% decrease compared to the first half of 2022, which saw losses of…

Mastercard says its Multi-Token Network (MTN) will drive mainstream blockchain adoption

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Mastercard’s chief digital officer, Jorn Lambert, has stated that the payment giant’s newly launched Multi-Token Network (MTN) has all it takes to unlock the intrinsic value of blockchain technology and accelerate mainstream adoption. Mastercard continues development While the market capitalization of the global crypto space still stands above the $1 trillion mark despite the turbulence it has experienced over the past 12 months, Mastercard, a leading payments processor, says the actual value of blockchain technology is…

TON blockchain launches on-chain encrypted messaging feature

The Open Network (TON) has released an on-chain encrypted messaging feature, according to a July 3 announcement from the network’s developer, TON Foundation. The new feature allows for private messages to be sent between TON users.  TON Foundation Introduces Encrypted Transaction Messageshttps://t.co/HXKtk0gxKC pic.twitter.com/0z1z4E5ku1 — TON (@ton_blockchain) July 3, 2023 TON is a blockchain network forked from code created by the Telegram instant messaging app team. Telegram abandoned the project in July 2020, before a mainnet was ever launched. However, it open-sourced TON’s code before leaving, allowing others to continue building…

Do We Need a New Blockchain for Generative AI?

Until a few months ago, the gap between API-based and open-source foundation models was significant. Models such as OpenAI’s GPT-4, Anthropic’s Claude in the language space, DALL-E, and Midjourney in the computer vision space, seemed significantly advanced compared to open-source alternatives. However, a change started to occur late last year with the surprising open-source release of Stable Diffusion, which provided a viable alternative to API-based text-to-image models. Despite this, large language models (LLMs) continued to be the focal point of generative AI, and in that domain, open-source models paled in…

Generative AI will disrupt blockchain too: Here’s how

Artificial intelligence (AI) isn’t just generating lots of content these days, but equally, lots of excitement too. The rise of ChatGPT has led to the rapid adoption of generative AI technology in numerous industries, helping to answer people’s queries, create fresh content, book appointments, draw pictures, assist coders and much more.  The excitement around AI can be compared to the level of hype that emerged around blockchain when decentralized ledger technology first emerged in the previous decade. People’s imaginations are running wild, creating highly disruptive applications for generative AI that…

India Blockchain Alliance’s founder explains its impact

India Blockchain Alliance (IBA) was set up in 2018 by Raj Kapoor — an advisory board member at over 50 blockchain companies — based on the idea the technology could help reshape financial, social and governance systems in the world’s most populous nation and make them more decentralized, open and equitable.  While India’s government has warned about risks in cryptocurrency trading, it has shown support for blockchain technology as have several states in India. Pune state is adopting blockchain to record real estate transactions to reduce fraud. Police in the…

Singapore to broaden blockchain pilot project

The Monetary Authority of Singapore (MAS) has recently announced its plans to expand its blockchain experiment. The regulator revealed that it would soon add three asset classes to its ongoing industry pilot effort. This development was announced on June 26 as an extension of MAS’s existing Project Guardian program, which aims to explore and expand the applications of blockchain technology within the financial markets. It will encompass asset and wealth management, fixed income, and foreign currency. Project Guardian, scheduled for release in May 2022, will test the feasibility and effectiveness…

Lawmakers in Canada Push Government To Promote Use of Blockchain and Cryptocurrency

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Canadian lawmakers from the House of Commons say that the government should embrace blockchain technology and crypto following a comprehensive study of the digital assets industry. In a new report, the members of the Standing Committee on Industry and Technology say that the testimonies they gathered indicate that blockchain technology is already changing the digital landscape of Canada. They also recommend that the government recognize blockchain as an emerging industry that offers significant long-term economic and job creation opportunities. “The Committee heard about the real contributions that blockchain technology is…