Blockchain
Cardano founder talks about Web3 and the comfort of Bitcoin at Binance Blockchain Week
Cardano founder Charles Hoskinson gave a keynote speech on the first day of this year’s Binance Blockchain Week, held at the Dubai World Trade Centre in the United Arab Emirates. Addressing the audience, Hoskinson used his keynote to discuss topics like Bitcoin (BTC), Web3 and philosophy, bringing up topics like what happens next when the community moves forward from the comfort of Bitcoin and toward centralization. “As blockchains become more advanced and more powerful, we have to start making some difficult and uncomfortable philosophical decisions.” The CEO raised questions about Web3 and what the lines are between decentralization and regulation. “At what point do you cross the threshold where you’re no longer decentralized? You’re no longer the arbitrator of trust?” a...
LG Electronics adds blockchain and crypto as new areas of business
South Korean tech giant LG Electronics has officially added blockchain and cryptocurrency as new business areas in its corporate charter. According to a local South Korean news report, LG added two distinct crypto-related objectives during its annual general meeting on Thursday, March 24. The objectives include “the development and selling of blockchain-based software” and “the sale and brokerage of cryptocurrency,” which led to conjecture whether LG would establish some form of crypto exchange. When asked about the company’s intention to start its own exchange or platform, an LG spokesperson tempered any speculation, stating, “Nothing has been decided yet. We just mentioned business areas in a broad manner.” Rumors concerning LG creating a crypto-related marketplace emer...
Volvo’s parent company establishes blockchain joint venture headquarters in Wuxi, China
On Tuesday, privacy blockchain Concordium and Geely Holding, a Chinese multinational automotive car company that owns brands such as Volvo, announced the creation of a joint blockchain venture with headquarters in Wuxi, China. The project aims to develop blockchain technologies and improve blockchain standards, mainly in the automotive industry. Since establishing the joint venture last February, Geely Holding has created a Digital Technology Sector, or DTS, subsidiary to invest in cutting-edge technologies, including blockchain. Moreover, the two entities plan to offer businesses and customers access to new blockchain platform-based business models and decentralized applications. DTS has already developed blockchain services, such as a digital asset management platform and a blockchain tr...
Euroclear invests in Fnality to advance digital ledger technology strategy
On Monday, Euroclear, a securities clearing firm that claims it has over 37.6 trillion euros in assets under custody, announced an investment into Fnality, a consortium of financial institutions focused on the regulated adoption of tokenized assets and marketplaces, for an undisclosed amount. Meanwhile, Euroclear is also focusing on developing its distributed ledger technology, or DLT, to settle digital securities against digital cash through the partnership. The solution aims to increase the speed and efficiency of post-trade operations in areas such as market issuance, collateral trades and servicing interest payments. Founded in 2019, Fnality International said that it seeks to improve the efficiency of central banks for payment settlements. Its notable shareholders include Barcla...
Metaverse for education: How virtual reality can help schools and colleges
Learning how to use virtual reality in schools presents various benefits over traditional models, allowing children to “visit” places from the past or conduct dangerous experiments in a safe, virtual environment. While Roblox and similar titles present a current way to get virtual online learning experiences, these games lack what the metaverse can provide in a few key ways. For one, metaverse environments aren’t bound to a graphical style. Roblox, Minecraft and Fortnite all have cartoonish visual aspects to them, which can distract from the learning and remind students that they’re playing one of their favorite games. A metaverse environment, however, can be designed to look quite realistic. Depending on their metaverse of choice, educators will hav...
How do crypto monitoring and blockchain analysis help avoid cryptocurrency fraud?
The primary functions of a blockchain analysis tools include address classification, providing investigation tools, monitoring transactions and risk analysis. The ability to link blockchain addresses to real-world identities is one of the most common uses of blockchain analysis software. Such tools use a variety of ways to identify real-world items on the blockchain. For instance, standard blockchain analysis techniques include web scraping and clustering algorithms. Clustering is the most prevalent method for identifying entities like exchanges, payment processors and wallets in analysis tools. Similarly, web scraping is utilized to analyze the cryptocurrency market. It can keep track of price changes and preserve them for later use in your database. As a result, you’ll be able to r...
Coinbase enables users to fund wallets from Chrome browser extension
On Wednesday, Coinbase launched a new feature, dubbed “Coinbase Pay,” that enables its clients to fund their Coinbase Wallets directly from a Chrome browser extension. According to its staff, Coinbase Pay intends to make it intuitive for anyone to participate in decentralized finance, or DeFi, swap tokens on decentralized exchanges, or DEXs, and purchase nonfungible tokens, or NFTs, in just a few clicks. Specifically, they wrote: “Before Coinbase Pay, users who wanted to add funds to their Coinbase Wallet from the browser extension needed to navigate to Coinbase.com, sign in to their account, copy-paste their wallet address, and manually transfer funds from their Coinbase account. The process was not only cumbersome, but also left the user vulnerable to user error.”...
ConsenSys raises $450M in Series D funding, doubles valuation in four months
On Tuesday, ConsenSys, the leading Ethereum and decentralized protocols software company with product suites such as MetaMask, Infura and Truffle, announced the close of a $450-million Series D funding round led by ParaFi Capital. Notable new investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures and C Ventures. The deal more than doubles its valuation since the firm’s $200-million Series C raise in November 2021. Proceeds from the round will, in part, be converted to Ether (ETH) to rebalance the ratio of ETH to United States dollar equivalents in ConsenSys’ treasury. The firm actively seeks to use its own financial infrastructure to earn yields on such assets in decentralized finance (DeFi), protocols and via staking. The proceeds wil...
How Chainalysis helps in crypto monitoring and blockchain analysis?
Chainalysis has five different types of products that help in monitoring crypto assets. These are Chainalysis Business Data, Chainalysis KYT, Chainalysis Kryptos, Chainalysis Market Intel and Chainalysis Reactor. Chainalysis Business Data Chainalysis Business Data gives crypto companies an extra layer of customer intelligence, allowing them to understand their customers before and after leaving their platforms, customize product offerings and enhance customer experience. Furthermore, it allows companies to find the most avenues impacting the business and making data-driven decisions. Data is updated on a regular basis to ensure that relevant adjustments are made in response to the changing ecosystem. A simple data warehouse integration allows you to augment current information to...
Deep Dive: A Musician’s Guide to Web3
The music industry hasn’t always welcomed new technology, but the booming NFT marketplace — overall sales generated $25 billion last year — shows the promise of Web3, and everyone wants a piece of the action. Deep Dive explains how artists and executives can get in on it wisely and examines blockchain’s potential to reshape the industry. Plus: lessons in NFT drops from dance music’s pioneers, legal pitfalls to avoid when you’re minting the goods, all the crypto lingo you need to know and a guide to the top startups supporting musicians in the metaverse. Read the full Deep Dive here. Learn To Speak Web3: Translating Crypto’s Buzzwords For The Music Business A primer for artists and executives considering doing business in the metaverse. Read more. Shira Inbar Doing Music Deals In The M...
Austin mayor embraces Web3 tech and crypto payments
Mayor Steve Adler of Austin, Texas, has fully embraced the discovery of what blockchain technology and crypto payments can bring to his city by proposing two new initiatives. The first initiative aims to ensure that Texas’s fourth-largest city promotes the benefits of blockchain technologies and “promotes equity, diversity, accessibility, and inclusion” in the technological ecosystem. To that end, May Adler directed the city manager to explore how the city can utilize Web3 and blockchain in 20 fields from smart contracts, supply chain management and insurance to arts, media, fundraising and identity verification. “The City Manager is directed to ensure the City is helping to create an environment within city government and in the community generally that supports the creation and developme...
LimeWire Returns As NFT Marketplace to Right the Wrongs of Its Troubled Past
12 years after closing shop, LimeWire is back to reckon with its controversial past—and pave a new path forward. For the uninitiated, LimeWire was the go-to peer-to-peer file sharing service that dominated the early 2000s. Predating the all-access model of today’s streaming services, the controversial platform was used as a workaround for music fans who didn’t want to purchase individual songs or albums via iTunes and other digital music stores. It was as simple as downloading and playing, though it did put even the most formidable antivirus software products through the wringer. LimeWire’s reign effectively came to an end when successful lawsuits initiated by major record labels and music rights-holders resulted in a staggering $105 million in fines. LimeWire’...
