Technology Financial News

02.11 / 00:31

business Blockchain Technology Adoption enaira eNaira slowly gains traction post-launch amidst glitches

The rollout of the world's second central bank digital currency, or CBDC, is off to a rocky start. Last week, Nigeria rolled out its eNaira CBDC after the Bahamas became the first country in the world to launch theirs, known as The Sand Dollar, the year prior.

01.11 / 23:23

business Blockchain Technology Adoption expansion Patreon to explore expansion into crypto realm

Patreon executives again teased their company's expansion into the world of crypto at a 2021 Creator Economy Summit by The Information panel. Patreon CEO Jack Conte appeared with Chief Product Officer Julian Gutman, saying:

01.11 / 20:43

Technology Ethereum Adoption Vitalik Buterin shares positive outlook on the establishment of crypto cities

In a blog post published on Sunday, Ethereum (ETH) co-founder Vitalik Buterin voiced his support for utilizing the cryptocurrency phenomena to serve the interests of local governments and their citizens.

01.11 / 20:13

Technology cryptocurrency Climate Web Summit 2021: Climate and cryptos are this year’s key themes, says CEO Paddy Cosgrave

The technology world has descended into Portugal’s capital Lisbon for the 2021 edition of the Web Summit.

31.10 / 22:25

Blockchain Technology Ethereum Bitcoin Testnet Mind Inside the blockchain developer’s mind: What is a testnet?

Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the “crises” that are holding back blockchain adoption: upgradeability, scalability, and governance.

30.10 / 17:25

business Blockchain Technology Bitcoin 7 lessons learned from building and scaling Bitcoin mining operations

It all started with mining Bitcoin (BTC) in a dorm room. What started as a hobby with a few mining rigs scaled into twenty industry-scale mining farms across the globe. Because we scaled our operations in a new industry, we had to discover what worked and what didn’t through trial and error — because there’s no handbook for this.

30.10 / 01:13

business Blockchain Technology Stablecoin DeFi protocol Aave encounters major capital flight

Annual percentage yields, or APY, on crypto borrowing and lending platform Aave have surged to record levels after capital withdrawals sent the decentralized finance, or DeFi, protocol into a liquidity crunch. At the time of writing, variable APY on borrowing stablecoin Dai via Aave has surged to 24.88%, compared to approximately 6.50% the day prior.

30.10 / 00:15

business Technology Ethereum Bitcoin AMC Theatres CEO considers adding Shiba Inu as payment for ticket purchases

AMC Entertainment is in the process of updating its technical infrastructure to allow consumers to pay online with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE) for movie tickets. But it doesn't stop there.

30.10 / 00:15

Technology Adoption Environment Bitcoin Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years

A report from the Data Center Industry & Blockchain Association of Kazakhstan, or NABDC, estimates that cryptocurrency mining could bring $1.5 billion in revenue for the country over the next five years. Currently, corporate digital currency mining activities generate about 98 billion tenge ($230 million) per year in the country. Alan Dordzhiev, the president of the NABDC, issued the following statement as quoted by local news outlet kapital.kz:

29.10 / 00:46

business Blockchain Technology Adoption seed funding Decentralized design platform Moralis raises $13.4M in seed funding from EQT Ventures

Moralis, a platform that powers decentralized applications, or dApps, announced Thursday that it has received a $13.4 million investment from EQT ventures.

29.10 / 00:07

business Blockchain Technology Andreessen Blockchain platform Alchemy raises 250M in Series C led by Andreessen Horowitz

San Francisco based blockchain web services company Alchemy announced a $250 million Series C fundraising round led by Andreessen Horowitz on Thursday, bringing its current valuation to $3.5 billion.

28.10 / 23:01

Blockchain Technology Ethereum Drop Yahoo Finance rates upcoming NFT drop as one of the top 10 most attractive projects for virality and execution

Most recognize the word “blockchain” through its references from Bitcoin (BTC) and Ethereum (ETH). However, the currencies and their underlying technology have since grown far more significant, now including the multimillion-dollar nonfungible tokens (NFTs) that are taking the world by storm today.

28.10 / 15:09

Blockchain Technology Ethereum Ethereum 2.0 Eth2's Altair upgrade goes off smoothly with 98.7% of nodes now upgraded

The Ethereum 2.0 Altair Beacon Chain update has gotten off to a successful start, with 98.7% of nodes already upgraded.

28.10 / 01:11

Blockchain Technology defi Investments financing Infrastructure platform Quicknode raises $35M in Series A financing

Quicknode, a Miami based blockchain infrastructure platform, announced the completion of a $35 million Series A round of financing on Wednesday, led by Venture Capital firm Tiger Global. Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam and Anthony Pompliano also participated in the round. This follows a $5.3 million seed round back in March, and brings the total investment in the company to just north of $45 Million.

28.10 / 00:19

Blockchain Technology Adoption Binance Binance Smart Chain surpasses 1.5 billion lifetime transactions

Binance, the world's largest cryptocurrency exchange by volume, tweeted on Oct. 26 that the cumulative number of transactions on its Binance Smart Chain (BNB) has surpassed 1.5 billion. The network achieved this milestone a mere 14 months after its launch on Aug. 31, 2020.

27.10 / 23:03

Blockchain Technology defi DEX Cosmos-based DEX Osmosis raises $21M in from a consortium of investors

Osmosis, a decentralized exchange, or DEX, on the Cosmos blockchain, raised $21 million dollars in a token sale led by VC fund Paradigm along with a consortium of investors including Robot Ventures, Nascent, Ethereal, and Figment.

27.10 / 16:13

business Blockchain Technology DBS Bank joins Hedera blockchain’s governing council

The Hedera Governing Council has welcomed Singapore’s oldest bank, DBS Bank, as its newest member, making it the first Southeast Asian lender to join the worldwide Hyperledger organization.

27.10 / 16:13

Government Blockchain Technology Law Putting a cap on decentralization: How regulation impacts DeFi adoption

Decentralized finance (DeFi) is shaping up to be one of the most important sectors within the blockchain industry. In just the last two years, DeFi's total value locked (TVL) — the total value of assets locked into various DeFi platforms — has steadily increased from $21 billion at the start of the year to over $100 billion today.

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