Blockchain Financial News

11.07 / 17:15

Blockchain defi Web3 Cloud solution jumpstarts DApp development with complete transactional backend

While many businesses are intrigued by the proposed benefits that the blockchain can provide, finding technical experts has proven to be another concern altogether. Since blockchain technology is relatively new, few know the ins and outs of troubleshooting decentralized applications (DApps) and those that do are costly to hire. Therefore, allocating resources effectively continues to be a debilitating barrier for businesses looking to prove the return on investment (ROI) on a proposed blockchain project.

11.07 / 16:21

Government Blockchain Adoption Us Crypto Regulation US crypto regulation bill aims to bring greater clarity to DAOs

On June 7, United States Senators Cynthia Lummis and Kirsten Gillibrand launched the much anticipated Responsible Financial Innovation Act, proposing a comprehensive set of regulations that address some of the biggest questions facing the digital assets sector. By providing holistic guidance to the rapidly growing industry, the bill offers a bipartisan response to President Biden’s call for a whole-of-government approach to regulating crypto.

11.07 / 16:07

business Blockchain FATF Banks ING dutch Dutch bank ING sells digital asset tool Pyctor to GMEX

ING Group, Dutch multinational banking and financial services corporation, has spun out its digital asset business Pyctor to multi-asset trading infrastructure firm GMEX.

11.07 / 16:07

Blockchain Ethereum Upgrade Bitcoin PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher

As Ethereum shifts into proof-of-stake (PoS), a decentralized finance (DeFi) researcher has argued that the platform can overtake Bitcoin's (BTC) throne as the top dog in crypto.

11.07 / 13:53

Blockchain privacy Decentralization Dapps Want a compelling use case for privacy blockchains? Look no further than dating

The excitement surrounding Web3 is palpable — and undeniable. Projects are flooding into the space to build cutting-edge versions of the sites and apps served up by centralized Web2 rivals, covering every sector imaginable.

11.07 / 13:07

Blockchain Ethereum Platform Terra Classic Luna Over 48 Terra Projects Merged to Polygon Ecosystem

Over 48 projects that used to run on the Terra blockchain have been jointly migrated to the Polygon ecosystem, including the well-known Lunaverse (LUV) Metaverse platform, OnePlanet NFT marketplace, and Derby Stars play-to-earn (P2E) games.

11.07 / 11:41

Blockchain Provident Digital Platform ING ING spins out digital asset custody platform to GMEX

Pyctor provides safekeeping and transactional network services for a broad range of digital assets, as well as delivering interoperability between permissioned and public blockchains. The platform was incubated in ING Neo’s Amsterdam innovation lab, in collaboration with major financial institutions and regulators.

11.07 / 09:41

Blockchain Adoption Polygon Developers Terra projects band together in migration to Polygon ecosystem

More than 48 different crypto projects formerly based on the failed Terra ecosystem have found a resurgence by migrating over to Polygon.

11.07 / 04:35

Blockchain COST Ethereum ETH gas fees Ethereum v. Polygon – Could gas fees be the turning point yet again

Ethereum’s growth has been phenomenal, and its DeFi capabilities make it the one of the biggest blockchains. However, at the same time, the cost of being an Ethereum user has made it difficult for some to operate on the chain.

10.07 / 20:49

Blockchain BTC FIVE Bitcoin alt How is Bitcoin’s dominance affecting the alt season’s schedule

Many in the crypto-community are eagerly awaiting the altcoin season, with the same expected to set the stage for profits for most of the market.

10.07 / 17:31

business Blockchain Technology Adoption AI will help realize the true vision the Metaverse hopes to achieve

The metaverse space is moving rapidly in terms of hype and the volume of new projects being launched — so much so that the industry market size is projected to grow from $100.27 billion in 2022 to $1,527.55 billion by 2029. But how many of these new projects are even remotely capable of realizing the actual vision set out?

10.07 / 12:01

Blockchain Technology Adoption Investments NOT Believe it or not, metaverse land can be scarce after all

Just recently, Yuga Labs, the team behind the world-famous bored nonfungible token (NFT) primates, nabbed some $300 million with its sale of Otherdeed NFTs, a collection of land plots in a soon-to-be metaverse. Indeed, NFTs, the blockchain industry’s primary method of creating digital asset scarcity, have emerged as the preferred way to handle virtual land ownership for most metaverse projects, including Decentraland and The Sandbox. All of this has prompted an interesting question in the community: In the metaverse, a vast, near-endless digital space, how can digital land ever be scarce? Well, let’s dig in.

10.07 / 09:57

Blockchain ATM Bitcoin US dominates crypto ATMs installations and BTC hash rate worldwide

Despite the myriads of state and federal regulatory hurdles faced by crypto businesses in the region, the United States plays a major role in preserving the Bitcoin (BTC) and crypto ecosystem. With China moving out of the picture following a permaban on crypto, the United States maintains the top position in terms of hash rate contribution and ATM installations worldwide.

10.07 / 08:21

Blockchain Technology Adoption Bitcoin Crypto, like railways, Part 2: Blockchain as the new internet planner

In my latest article “Crypto, like railways, is among the world’s top innovations of the millennium,” I compare the blockchain revolution to the railway boom. If we apply this analogy further, what’s going to happen next?

09.07 / 14:21

Blockchain Technology Adoption defi Warner Bros Build business: An outlook on the Web3 industry during the downtrend

By the end of May, Bitcoin’s (BTC) price had dropped 40%, Ether (ETH) had lost 50% of its value, and the entire crypto market dipped below its $1-trillion capitalization for the first time since January 2021. As we enter a clear bear market trend, it’s essential to focus on what the blockchain industry has always suggested: build.

09.07 / 13:07

business Blockchain Adoption Bitcoin Global GPU price drops to compensate for falling Bitcoin mining revenue

As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to its one-year lows at nearly $15 million on July 4. However, a concurrent fall in graphic cards or GPU prices is set to help miners offset their operational costs amid an ongoing bear market.

09.07 / 12:15

Blockchain Adoption Investments Bitcoin What the dot-com bust can teach us about the crypto crash

The economist Benjamin Graham, known to some as the father of value investing, once compared the market to a voting machine in the short run and a weighing machine in the long run. While Graham likely would have been skeptical at best about crypto and its built-in volatility had he lived to see it, his economic theory nevertheless applies to certain aspects therein.

09.07 / 08:25

Government Blockchain Technology Adoption businesses A mandate for blockchain businesses is to rebuild global trust

Trust is the cornerstone of socioeconomic success and geopolitical balance. Our current world is exhibiting a massive trust deficit. Distrust is resulting in socioeconomic failures and geopolitical angst. Blockchain’s superpower is trust. It is time to mandate blockchain businesses to rebuild trust, success and balance across global systems.

09.07 / 05:55

Blockchain Ethereum Adoption Bitcoin Future Deconstructing sidechains — The future of Web3 scalability

By far, the innovation with the most impact in the Web3 world this year is the sidechain. The highest-volume blockchain providers in the world — Binance, Polygon, Ankr and Avalanche — have all recently released sidechain functionality. They are investing hundreds of millions into these new implementations — and with good reason.

09.07 / 05:11

Blockchain ETH Provident Platform Solana [SOL] NFTs stand to be the undisputed king of trading volumes in Q2 2022 as per latest report

DappRadar, a leading analytics platform for decentralized application (dapp), published a report on 5 July. The report stated that despite the harsh crypto winter that has plagued the year so far, the performance of the NFTs and Blockchain gaming ecosystems in the last quarter provided a silver lining. Additionally, this performance would keep investors and users optimistic about the future direction of the dapp industry.

08.07 / 23:17

Blockchain defi regulation UK government Finance Redefined: UK government explores DeFi with a focus on staking and lending

Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.

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