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Showing posts from July, 2021

Over $800 million in Bitcoin shorts have been liquidated as the price has risen by 12% in 24 hours

The price of bitcoin has continued to fluctuate dramatically over the last 24 hours. As the crypto market gains traction, the price of the currency has increased by more than 10%. The action comes on the heels of reports that Amazon is planning to integrate bitcoin payments into its platform. This appears to have been seized by the market and ran with it. As the weekend drew to a close, Bitcoin, which had remained relatively stable at $34,000 over the weekend, began to show signs of movement. A number of reasons appear to have led to the price increase. News ranging from Musk confirming his ownership of bitcoin, as well as his firms Tesla and SpaceX, appeared to be a stimulus for it. Then there was the Amazon. Elon Musk, the billionaire, appeared on The B Word conference alongside Cathie Wood, the CEO of Ark Invest, and Twitter CEO Jack Dorsey to discuss the digital asset. Musk stated that SpaceX and Tesla did actually have bitcoin on their financial sheets throughout this discussion.

Applications of blockchain technologies in the real world

Blockchain is the digital, distributed, and decentralized ledger representing the most virtual currencies. With real-time transactions, banks are left out of the equation entirely, presumably reducing transaction fees. The Dow Jones Industrial Average elements are testing out some of these applications in small-scale projects.  Here are the 10 effective applications of blockchain technology: 1.Money Transfer and Payment Processing 2Supply Chains Monitoring 3.Retail Programs Based on Loyalty Rewards 4.Digital IDs 5.Sharing of Data 6.Protection of Royalty and Copyright 7.Digital voting 8.Transfer of Real Estate, Land, and Auto Title 9.Food Safety 10.Unchangeable Data Backup  

October 1st is the target date of Nigeria’s Central bank to pilot CBDC

  As early as October 1, the Central Bank of Nigeria (CBN) may begin testing its central bank digital currency (CBDC) called e-naira. CBDC will make cash more accessible and allow Nigerians to join in the country's burgeoning e-commerce economy. The enormous volume of remittances received by Nigeria also motivates the central bank. Nigeria has stated that a prototype phase of their e-naira will begin in 2021. It is the second country in West Africa to declare plans for a digital currency. By September, the Bank of Ghana will begin testing its digital cedi. India also announced last week that it may soon begin testing its digital rupee.

The Benefits and Risks of Digital Currency in Blockchain Technology

Digital currencies are built on blockchain technology, which Friedman believes has the potential to disrupt currency as well as other industries. “Blockchain technology, which is at the heart of digital money, has the potential to disrupt financial services by lowering transaction costs and increasing transparency,” he said. “Blockchain technology has far-reaching implications.” One of the most significant advantages, according to Bovaird, is that cryptocurrency cannot be counterfeited and that transactions cannot be reversed arbitrarily by the sender (as credit card chargebacks can). Additionally, cryptocurrency transactions are anonymous. Credit cards work on a pull basis, which means that the store recognizes the transaction and “pulls” the sale amount from the card. The “push” method is used in cryptocurrency. Digital currency, despite its popularity and strong market performance, is not without risk. Leading investors like Ray Dalio, the founder of investment firm Bridgewater, hav

The solution to the building industry's problems is blockchain

  Dr. Maximilian Sinan Korkmaz is a civil engineer who has been working in the construction industry for 16 years. He founded Stabilwerk Bau, a construction company based in Frankfurt, Germany. The company now accepts BSV blockchain-based credit tokens as payment for its services. Dr. Korkmaz says there is a lack of digitization in the construction industry. Stabilwerk Bau is the first construction company in the world to accept credit tokens as payment for services. The company's app will connect clients to general contractors and general contractors to subcontractors.

CBDC will not affect the reign of cryptocurrencies

  The Reserve Bank of India (RBI) is the latest central bank to enter the race for an official digital currency. 86 percent of central banks are looking at the possibility of issuing digital currency, and 14 percent have actually started experimental programs. The Vice Chair for Supervision at the US Federal Reserve has made compelling arguments for the benefits of a digital currency issued by the Fed. Globally, there are two types of private virtual currencies. Stablecoins are issued by the private sector and are linked to an underlying fiat currency such as the US dollar. Stablecoins pose no threat to central banks, and they can coexist with fiat currencies indefinitely. The other set of virtual currencies do not have any underlying asset and attract users due to their novelty and price volatility. The other type of virtual currency has no underlying asset and is popular because of its novelty and price volatility. A CBDC may not mark the end of the existing crypto asset cohort, but

How does Bitcoin work?

The blockchain is a shared public ledger on which the entire Bitcoin network relies. It allows Bitcoin wallets to calculate their spendable balance so that new transactions can be verified. All confirmed transactions are included in the block chain. The integrity and the chronological order of the block record are enforced with cryptography. Bitcoin is a virtual currency that allows people to transfer value between Bitcoin wallets. A private key or seed is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature prevents the transaction from being altered by anybody once it has been issued. Mining is a distributed consensus system that is used to confirm pending transactions by including them in the block chain. It enforces chronological order, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very s

Fireblocks raises $310 million and is valued at $2 billion.

 Fireblocks, a platform that allows banks and other financial institutions to store, move and issue cryptocurrencies, said it raised $310 million in fresh capital from investors. The company's valuation has risen to $2 billion. Fireblocks has raised $489 million from investors including Sequoia Capital, Stripes, Spark Capital, Coatue, DRW Venture capital and SCB 10X. The company hopes to work with traditional financial institutions and bring assets to the Bitcoin-like system. As crypto becomes increasingly important, we are seeing an explosion of companies that handle digital assets, including crypto-native companies, fintech companies, neobanks and traditional financial institutions,” said Ravi Gupta. The financial sector has been adopting blockchain technology at a fast pace, with the banking sector identified as the industry most suited to use blockchain.

In Europe, central bank digital currency is still in its infancy

  Currently, only 15 European countries are involved in the development of a central bank digital currency (CBDC) The European Central Bank's proposed D-Euro has only elicited a lukewarm reception from several countries, such as Germany, France, and Sweden. There's no word yet on whether the Bank of England will implement a concrete plan. Only five countries have established CBDCs. As of March 2021, DCash will be available in St. Kitts and Nevis, Antigua and Barbuda, St. Lucia, and Grenada, while the Bahamas' Sand Dollar has been in circulation since 2019.

The Bitcoin remains its stable in the increases of price in Crypto currency

The value of the popular virtual coins of the cryptocurrency followed by the Bitcoin is register in sharp gains. The Bitcoin's value is remain stable over the past 24 hours in the cryptocurrency markets, are witness in increased votality. Bitcoin's value was $32,461 up to nearly 1 per cent. The Ether is finally manage to cross $2,000 up to 2.2 per cent. The Dogecoin and Cardano Coin seems that it lost the momentum of the trading in negative territory. Most of the Altcoin including the XRP Stellar in Uniswan Chainlink and the Litecoin are positively in trading. The Founder of the Global Algorithm based in the crypto trading platform that the market shows the signs of the increased of votality and the top of the two cryptos in the market capitalized the Bitcoin and Ethereum manage the retain crucial price levels. The levels of the BTC is significant to impart the positive sentiment of the crypto markets which its usually tend to be shaky.

Blockchain technology can help empower women

  The Director General of the World Trade Organization and former foreign and finance minister of Nigeria, Ngozi Okonjo-Iweala see that blockchain technology could help empower unbanked and underbanked women around the world. Since blockchain brings transparency to business using blockchain and removes intermediaries, this particular finance area has the ability to introduce and will be beneficial to women that are excluded from access to finance. Many countries don’t allow women to access financial services more than men. Experts proposed using cryptocurrency and blockchain technology to promote financial inclusion in areas that lack the same infrastructure as developed countries, particularly women that face long travel accessing credit providers and restriction on opening bank accounts and not even being allowed to legally own a property. 

Amazon listed a job opening for Digital Currency and Blockchain Product Lead and plans to accept Cryptocurrency as payment

Amazon's payments team is exploring allowing customers to pay for their orders with cryptocurrencies. Bitcoin has risen to almost $40,000 as a result of the move, which has roiled digital currency markets. In New York, Amazon's stock rose by nearly 1%. Last week, an Amazon job offering for "Digital Currency and Blockchain Product Lead" hinted at a move to take Bitcoin or other cryptocurrencies as payment for orders. The role is part of the Payments Acceptance & Experience team and is based in Seattle, Washington.  Apple exhibited a similar interest in cryptocurrencies when it posted a job position for a business development manager in May of this year.  

The digital money rise to its generation

The technological change of finance. Bitcoin is being an asset class of many fund changes that belongs in balanced portfolio. The digital traders have become the source of Wall Street.  Paypal has also 3M of Users that sign in the America that catching up the China's digital payments.The Special report explains the least notice between technology and finance may end in the most revolutionary creation of the government digital currencies which typically aim to let the people deposit the funds directly in a central bank by conventional leaders. The GovCoins is the new incarnation of money it promise to make the finance work better and its shift power to individuals to the state of geopolitics and change the capital allocated.  

Why Energy Concerns Around Blockchain May Be a Misconception

  Blockchain has made headlines recently for using more energy than airlines or even entire countries. Different types of chains have different impacts on the environment based on how they're designed. The proof-of-stake (POS) model is significantly more energy-friendly than the traditional Proof of Work (POW) model. Blockchains operate differently than traditional IT systems. Different types of chains have different impacts on the environment based on how they're designed. Proof-of-work (POW) is what's behind traditional "mining," where miners compete to solve a mathematical puzzle. The Bitcoin Foundation has switched to a more energy-friendly model of proof-of-stake.  Proof-of-stake (POS) requires those working on the chain to have skin in the game. POS also reduces power consumption and accelerates the handling of transactions. The model is being adopted by big names in the industry such as Bitcoin, & Ripple.

81 countries exploring CBDC and 5 CBDCs were fully launched

According to a new tracker, eighty-one countries are looking into central bank digital currencies. This is an increase of 46 countries from May of previous year. Five countries have completed the implementation of their own digital currency. They are the Bahamas, Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia, and Grenada.  

Bitcoin rises above $32,000 for the first time in a year

Cryptocurrencies have been on a downward trajectory amid a growing crackdown on the industry from regulators around the world. Binance, the world's largest crypto exchange, is facing pressure from regulators in the U.K., Italy, and other countries to stop crypto mining. The price of bitcoin traded as high as $32,765. The world's biggest digital coin is now trading at $31,641. Smaller cryptocurrencies ether and XRP also rebounded about 6% after a brief sell-off. Bitcoin is the most valuable currency in the world. The price of bitcoin fell below the $30,000 mark for the first time since June 22. The price of ether plunged about 1.5%. The price of bitcoin jumped by more than % earlier in the day. New Jersey's attorney general issued a cease-and-desist letter to crypto lending firm BlockFi.  

Digital Names leads to the Blockchain Internet and digital wallets.

Thomas Carter is the only person to correctly predict the trillion-dollar crypto market cap. Digital Names have developed a technology to convert the 30–50-character complex wallet public key into a Human-Readable, Easy-to-Remember format for e-wallets sending or receiving cryptocurrency. According to Carter, this industry will be larger than the Domain Name Service Industry, which currently makes about $6 billion a year. The current success of Digital Names is because of their applications which are beyond cryptocurrency. It provides solutions to real problems not only to cryptocurrency users, but anyone using a digital wallet.   

India’s Central Bank considers creating a digital currency

According to a top official at India's central bank, the country's central bank is considering creating a digital currency. T Rabi Sankar stated at a press conference today that the central bank was exploring a "phased" introduction of the country's digital currency while legal reforms to the country's foreign exchange rules and IT legislation are enacted. According to Sankar, central banks are paying more attention to digital currencies. For "quite some time," the central bank has been considering the benefits and dangers of issuing a sovereign CBDC. In 2018, an Indian government commission suggested that all private cryptocurrencies be banned, with offenders facing up to ten years in prison. India has signaled that it intends to pass legislation prohibiting the use of private cryptocurrencies. Several exchanges and dealers objected to the proposal, filing a case at the Supreme Court. Last year, the country's highest court found in their favor,

The Predictions of Bitcoins this Year

Crypto-related stocks in general and the future of blockchain technology in particular have been under scrutiny. Bitcoin, the most popular cryptocurrency, has fallen by close to half in value from a peak of around $64,000 since April. Financial experts have stepped in to fill some of the information gaps and soothe investor concerns. Crypto-related offerings, by the nature of a business still in infancy, are volatile. Smart investors realize this, and understand why a dramatic fall in value for a technology that is universally considered revolutionary might actually represent a buying opportunity, instead of a panicked sell off.  

How Blockchain can help developing countries

Blockchain was invented to create bitcoin but can now store computer code and "smart contracts" The technology offers the possibility to innovate in virtually any area, but the top uses are for cryptocurrencies and decentralized finance (DeFi) applications. The UN Commission on Science and Technology for Development (CSTD) recently published a report on how to harness blockchain for sustainable development. Blockchain is the key technology in an increasing integration of physical and virtual worlds. Its impact goes beyond the economy as it transforms social, public relationships within the environment that merely affects the country's sustainable development.  Blockchain also offered windows of opportunity to developing countries to catch up and others to forge ahead. catching up increases the real income and government finance and helps the countries accelerate progress.  Blockchain helps to strengthen governments innovation systems to position and benefit from this tech

CBDC in Canada is ‘likely' required for competition

  A central bank digital currency, according to the Bank of Canada, is "probably necessary" for a competitive digital economy. According to the bank, a CBDC would provide clients with a risk-free alternative to banking. The possibility of a digital currency is being studied by central banks all over the world. The central bank repeated its earlier view that a CBDC might be issued in Canada in one of two scenarios: either because cash is no longer commonly used in Canada, or because an alternative digital currency is widely used to the point of endangering the country's monetary sovereignty. According to the bank, the latter option is unlikely.

Does Blockchain Can Help Solve the Afflictions of the Media?

Media and entertainment isn’t quite the industry we think of when it comes to blockchain. Often misunderstood and mistakenly used interchangeably, blockchain has gained both popularity and notoriety due to its association with the ever-controversial bitcoin.  Blockchain is a highly secure, decentralized database system that stores records of data in a cryptographic format. Unlike normal databases, the data created by users (transactions) are not stored in a central location. Instead, they are stored on machines or systems of the people who create the data. Here are several challenges that blockchain can help resolve:  *Intellectual property infringements (aka data/content piracy); *A lower share of revenue due to intermediaries; *Lack of clarity and transparency with royalty agreements; *Slow and unsecured transactions, especially financial, and *Inefficiencies of existing content micropayment systems Blockchain can help and allow creators to secure and track their content by verified

Bitcoin will replace fiat currency by 2050, according to more than half of experts polled in a recent crypto survey

Finder.com poll In less than 30 years, Bitcoin will surpass money issued by central banks. By 2050, 54 percent of the 42 crypto specialists polled expect so-called hyperbitcoinization, or the moment when bitcoin overtakes global finance. According to Finder.com, bitcoin will be valued $150,000 by 2025. Bitcoin is expected to become the preferred money in poor countries, according to 55% of respondents. Hyperbitcoinization is unlikely, according to 44 percent of 41 respondents. Bitcoin fell below $32,000 on Friday, putting it on track for its worst weekly performance in over a month.

The Chia’s drive hard for prices for the promise of Cryptocurrency

Chia is a new cryptocurrency based on the same technology as Bitcoin. Chia runs on a system that should use less energy, called "proof of space and time" It was created by Bram Cohen, who invented the BitTorrent peer-to-peer filesharing system. Hard drive prices in China have soared as miners stockpile storage for Chia. Vietnam is also seeing hard drive shortages as a result of China's Chia craze. If it takes off, we can expect a boom in hard drive prices - but on the flipside, graphics processor prices may come back down.  

What blockchain technology means for local government officials

The National League of Cities has released a report on the implications of emerging digital currencies like Bitcoin and Ether. The technology could be used in everything from private purchases to government purchasing systems, according to the report. It's called "Blockchain," which is the backbone of cryptocurrency. Cook County, Illinois, began experimenting with the technology in 2017. The county hopes to create a "trustworthy" digital chain that can track property titles and other public records. Cook County is the second largest county by population. Texas recently passed two pieces of legislation related to virtual currencies. The state's governor has said he'll sign the bills into law. More than 30 states have pending legislation in the works related to the technology, a report says. Some cities are looking for ways to get ahead of the rapidly advancing technology.  

ARE XRP OF RIPPLE AND THE CRYPTO MARKET DOWN AHEAD OF CBDCS?

  The cryptocurrency market is down this week, continuing a trend that has seen values fall every month since January. The Chinese government's crackdown on Bitcoin has put the market under strain. The digital euro initiative has now received approval from the European Central Bank. Investors are apprehensive of central bank competition, according to Hargreaves Lansdown analyst Susannah Streeter. Ripple is one of the blockchain companies that has created a private version of the XRP Ledger for central banks to use in accordance with their own system and legal framework. According to Ripple's lawyers, the SEC action against them will be resolved by early 2022. While the lawsuit is ongoing, it has been questioned if the firm is a viable alternative for the construction of a CBDC.

As Bitcoin's Momentum Fades, the Bitcoin Hedge Against inflation Phrase was put to the test

Since the beginning of the month, Bitcoin has been largely range bound, lately trading up to 1% at 32,841 US Dollar. However, the allure of an inflation hedge is being tested by a deluge of statistics demonstrating the higher costs linked with the pandemic's emergence. In June, consumer prices increased by the highest since 2008, while producer prices increased by more than projected. Bitcoin and other cryptocurrencies, according to hardcore enthusiasts, are a hedge against growing consumer prices and excessive money printing by global central banks. The rationale goes as follows: the US dollar, or any other traditional currency, is supposed to have a restricted quantity so that it cannot be depreciated by the government or another central bank distributing too much of it.  

The use of blockchain technology is required for vaccine passports to function

  Vaccines are starting to offer hope of normal life, economic resurgence, and renewed global connections. The EU has implemented its Covid-19 digital passport for all citizens and residents to enable freedom of movement across borders on July 1. However, many international leaders have been out of step, applying yesterday's answers to tomorrow's issues as they consider the dangers and rewards of reopening their borders. Covid passports on offer are functional but short-sighted, says Dr. Andrew Wightman. He argues that a globally recognized standard is needed to facilitate international travel and to restore our economies in a post-covid world. In the past year, Dark Web marketplaces have seen a surge in listings for fake vaccine passports. Blockchain's distributed ledger stores data in a decentralized way, removing the need for governments to maintain databases at a national level. The technology has the potential to resolve many of these challenges, yet is astonishingly u

Cryptocurrencies and stablecoins will be obsolete once the United States adopts a digital currency, according to Fed Chair Jerome Powell

According to Federal Reserve Chair Jerome Powell, a digital currency issued by the US central bank might undercut private alternatives such as cryptocurrencies and stablecoins. "You wouldn't need stablecoins" if you had a digital currency, Powell says, "I think that's one of the strongest arguments in its favor." Fed officials will publish a discussion paper in early September that will look at the digital payments universe in general. Powell expressed his skepticism about crypto assets becoming a primary mode of payment in the future. Stablecoins, need greater regulation before they can play a significant role in the financial system. Some policymakers argue that a CBDC is unnecessary, thus Fed officials may encounter heated debate as they decide whether to move through with a digital version of the dollar. Powell reaffirmed that the Fed would consult Congress and the public before moving forward with the development of a CBDC.  

What is the Difference of Blockchain.com vs MetaMask Comparison

Blockchain wallet is an electronic wallet for the online storage of digital currencies. Bitcoin  was supported by this platform also developing and its addition to Bitcoin and Ethereum, Bitcoin Cash, Stellar, Paxos Standard Stablecoin. This service is created in August 2011 at Luxembourg software development company Blockchain. This exclusively  to use as wallet for bitcoin. While, MetaMask is an open source of multi cryptocurrency wallet and a gateway to Ethereum based decentralized applications. This wallet made for work with Ethereum Blockchain it supports the Ether and the ERC20 tokens its design to let the users will control their data and assets to fullest and doesn't store the data and assets of its users.  

The Rise of iGaming and the Role of Blockchain in It

iGaming is an umbrella term for games where players offer a set value for an anticipated outcome. Online slots and online poker are some examples of games that fall under this category. iGaming has shown steady growth in the last year, according to new figures. Last year's increase in online activity was more than double the amount compared to. iGaming market could reach $8.4 billion by 2025, according to a recent report. The Kindred Group owns at least six iGaming businesses, such as Relax Gaming. Gala Bingo's colossal selection of slot games includes well-loved classics like Monopoly. iGaming sites like Bitstarz and Stake accept cryptocurrency as payment. Because it's a type of currency that goes through the decentralized ledger, it can't be counterfeited or double-spent. iGaming regulations on iGaming platforms are still very strict in some states like New Jersey and Pennsylvania. From user safety to better regulatory policies, blockchain has done much to accelerate

The Central Bank of UAE plans to develop and launch their digital currency in the coming years

As part of its 2023-2026 strategy, UAE Central Bank's ambition is to become one of the world's top ten central banks. The Central Bank of the United Arab Emirates has announced plans to launch and develop a state-backed digital currency within the next five years.  

Blockchain Wallet Developments Services to Build Secure and Reliable Cryptocurrency Wallets

  Blockchain Technology is a predominant innovation that stores multiple transactions of cryptocurrency as a public ledger in a decentralized ecosystem. It’s prime technology that used to build the blockchain based in crypto wallets for the cryptocurrency holders to save, send , receive or exchange crypto currency with others to trade securely within the blockchain platform. Through blockchain wallet the user can store their private keys to secure and record all the transactions that took place within the blockchain network.  The major features of developing blockchain wallets are that the digital assets are secure as the ownership is validated and the users can easily know the value of their cryptocurrency. Due to its high transparency and security the demand of the blockchain cryptocurrency wallets were rising. Blockchain app developers is the most developed companies that excelled in the blockchain wallet development for business of any size based on the requirements.

Why is it necessary for Blockchain to shrink in order to expand?

  Most popular blockchains of today grow at a rate proportional to the activity of the network. In the last year alone, Bitcoin has swelled from 288 GB to more than 350 GB as of writing. This is making it difficult for regular users to participate in securing and maintaining the network by operating a full node. Right now, anybody looking to run an Ethereum archive node would need to have close to 8 TB in free storage. The average Laptop has between 500 GB to 1 TB of total storage. This situation could also have the knock-on effect of increasing centralization. Minima is a new platform that could solve the problem of so-called "blockchain bloat" Minima's blockchain is tiny enough to fit on practically any modern device with even a modest amount of free storage space (think megabytes, not gigabytes).

South Korean internet big companies bid for a chance to participate in a central bank digital currency pilot program

The Bank of Korea plans to test a digital won in various use cases. The bank will select an operator to run a CBDC pilot next month that will test a blockchain-based CBDC system. The top three internet big companies that bid for a chance to participate in CBDC pilot program were Kakao's subsidiary Ground X, Naver-affiliated Line Plus, and SK Group. The bank plans to make a judgment on the digital won pilot project next month. The pilot will run until June 2022, with a budget of 4.96 billion won ($4.3 dollar). The goal of the pilot is to evaluate the CBDC in a virtual simulation environment using distributed ledger technology. The BoK aims to look into CBDC issuance, redemption, electronic payments and settlement, and the purchase of digital artworks and copyrights as potential use cases.  

Private Blockchain Development Network

A private blockchain development network requires an offer to validate by the network initiator. It is usually set up by the network validator, where the every participant holds the ultimate power to choose who can and cannot be part of the network and perform transaction. It determines that every new entity will become the dominant player for managing the blockchain in decentralized manner. The difference between the private and public blockchain work is that the private blockchain networks requires authorization from the network starter to give the control access or the transaction rights to the other parties and the private blockchain it enterprise the level of applications by financial and legal industries where the security ,scability and higher TPS are important.  

What’s More Secure: Blockchain Or Database?

Data storage options database and blockchain are architecturally different and come with their own sets of advantages, vulnerabilities, and challenges. Data storage is based on client-server-based architecture and can function in small and large scale environments. Blockchain storage is decentralized storage based on a peer-to-peer network of a distributed ledger. Each block stores the hashed information from the previous block, secured by cryptographic security. Data is stored in uniform-sized blocks that can be traced back to the first block. Blockchain has no controlling infrastructure and is completely decentralized. It is composed of unbreakable rules and laws which don't require regulation. Data breaches are grave- they can cause damage to intellectual property and make clients lose trust in an organization. In the blockchain, trust in the network is the only factor in transaction and data storage. Blockchain and databases are susceptible to data theft and have vulnerabilitie

Bangko Sentral ng Pilipinas considering to release their own CBDC

  The Philippine central bank, the Bangko Sentral ng Pilipinas (BSP), is considering releasing its own CBDC. At a Youth summit held by BSP this 2021, the  BSP Governor Benjamin Diokno said that they are monitoring the development and researching for the release of CBDC.  According to Diokno, the findings of the recent BSP study on CBDCs indicate that the central bank should continue its research, increase its own staff's ability, and form networks and collaborations with other central banks and institutions that are taking similar actions. “That said, the BSP is not keen on issuing its own CBDC anytime soon,” he said.

Cryptocurency Poker Game Development

  The Creatiosoft is a well well-known poker game development company and poker software provider that has enabled various poker operators and labels to run on the ladder of success and beat the competition around them.  Cryptocurrency poker game development is driven by poker enthusiasts who leveraged blockchain technologies to simplify the transactions for players. Cryptocurrency-based poker supports various cryptocurrencies for transactions over the poker game platforms by improving the security and assuring reliability and trust among the poker players.

Blockchain bill would spur adoption across agencies

  In recent years, blockchain technology has gradually made its way into federal agency applications. However, by passing a new bill, agencies and Congress can hasten adoption by reaffirming their faith in encrypted ledger technology. Rep. Darren Soto (D-Fla.) presented the Blockchain Technology Coordination Act, which would create a Blockchain Center of Excellence in the Department of Commerce to manage all non-defense initiatives involving blockchain technology across the federal government. However, cryptocurrency is the most well-known application of blockchain. In addition to Soto's measure, new legislation would require the Commerce Department to investigate how blockchain can assist in the regulation of digital assets. The Consumer Safety Technology Act, for example, would mandate that the Federal Trade Commission issue a report on the potential benefits of blockchain for fraud prevention.

Thailand's central bank has issued a warning against paying with digital currency

The Bank of Thailand has reiterated that cryptocurrencies such as Bitcoin and Ether are not legal tender in Thailand. Money laundering, theft, and price volatility are among the hazards that everyone involved in the trading of digital assets for goods and services, whether as the sender or recipient, may face consequences, If they pose "extensive dangers to the general public or the economic and financial system," regulators may take serious action, according to BOT. Thailand’s central bank is still working on creating a digital currency of its own.  

The Non- Fungible Defi Definition

Non-Fungible Defi (NFD) token technology that aims to be independent. The platform aggregates numerous protocols. For instance, when users deposit, the platform will automatically allocate user funds to the recent consensus with the highest revenue, and provide users an inscription In order to verify the ownership and incomes of Non-fungible defi ( NFD ) token. The platform enables users to withdraw their initial deposited tokens and income via NFD Token which can also be exchanged to any cryptocurrency. NFD Token is a governance token of the Non-Fungible Defi project. The token will be used to gain full access to all Non-Fungible Defi products. Owners of this token will earn for utilizing it on the DeFi product especially through staking, farming and gaming platforms. NFD games that allow you to (potentially) earn crypto while playing online. NFD games are a mix of thrill and potential profitability. Playing these games to potentially earn crypto requires you to learn about the game a

The Boston Celtics Announce Partnership With Blockchain Company Socios.com

  The crypto industry keeps entering into mainstream venues via professional sports leagues, athletes, and teams this year. the Boston Celtics revealed a partnership with the blockchain provider Socios.com. Socios.com, the blockchain firm that offers fans a chance to be "super fans," has partnered with the Boston Celtics. The company will be featured on the team's web portal celtics.com. The blockchain company explained that the partnership with the Boston Celtics is part of the firm’s expansion into U.S. territory. 

China’s Central Bank on war with Bitcoin

China's central bank says it has called for the shutdown of a company suspected of providing software services for virtual currency transactions, which was Bitcoin. In May this year, China had banned some financial institutions and payment companies from providing crypto-related services. This July almost Half of the world's bitcoin miners in China have gone dark following Beijing's call for a severe crackdown. Fred Thiel, the CEO of Marathon Digital Holdings and a member of the Bitcoin Mining Council. Said in an interview “China’s government is doing everything they can to ensure that bitcoin and other cryptocurrencies disappear from the Chinese financial systems and economy,”.

Here’s how Blockchain can help responsible gaming

Blockchain technology is set to have a revolutionary impact on the iGaming sector. Recording players and betting data automatically in real time to the blockchain allows for a huge range of possibilities, says Jodie O'Hare from iGaming's Global Innovation Centre. Operators can use data from player journey mapping to build dynamic player profiles. This enables operators to better map the player's journey through their service. It also allows for more targeted incentives to increase play time and revenues, say operators. Incentives include a 'traffic light' system that triggers based on player behavior. Blockchain tech can prove operators are adhering to the laws around responsible gaming, and discharging their obligations to players and regulators in the appropriate manner. The technology is being trialed by a number of European gambling operators, including Eurobet and Euro millions. Blockchain tech can trigger automatic responses to flagged gambling behaviors, such

Japan still not clear on their release of CBDC

Japan will have a clearer view of what its digital currency would look like by next year, said Hideki Murai. But for now they are unclear about the issuance of CBDC. They are still studying and researching the possible effect on their financial institutions. The country is one of seven major central banks looking into core features of CBDCs. BOJ or Bank of Japan have to ensure that their CBDC is compatible and in line with other nations' CBDCs to counter China’s Digital Yuan, said Murai. Japan has not made any decision on whether the CBDC will be issued or not by the end of 2022.  

Businesses told Blockchain technology could help save money

Greater awareness and understanding of blockchain technology could help businesses save money and improve transparency with consumers.Blockchain technology is best known for underpinning cryptoassets, such as bitcoin, but the technology can also be used to improve transparency within businesses. Blockchain is a digital record of data that is not controlled or managed by a central authority. The technology could be used by export businesses to track and authenticate a product as it moves through a supply chain. It could also save firms money on compliance costs.   

The Kraken Becomes the First Crypto Exhange in US Bank

Kraken is the first cryptocurrency firm in the US to become a bank. The Wyoming Banking Board voted to approve the San Francisco based crypto exchange’s application for a special purpose depository institution (SPDI) charter. Kraken is now the first SPDI bank in Wyoming. Kraken will also be the first newly chartered (de novo) bank in the state since 2006. By becoming of this it can be direct access to federal payments infrastructure and they can integrate banking and funding option for the customers

Vietnam to develop their own CBDC

The prime minister of Vietnam, Pham Minh Chinh, asked their country’s central bank to study and develop their own cryptocurrency, blockchain-based currency. They want to catch-up with other nations that are having their own digital currencies.   

DeFi-Based Decentralized Exchange Protocol Like Uniswap: a Quick Guide

  The most manifestation of the Blockchain Technology, has a behind purpose of the inception of the new digital ledger. The Purist wants to create a decentralized crypocurrency exchange and in some attempts it came to established centralized exchanges like Binance. But all of these crypto exchanges has same challenge of liquidity. as we all know Liquidity  is the measure of volume of transactions that happened in crypto exchange. it also refers to a measure of the probability of a successful and satisfactory exchange between two crypto assets. Centralized exchange is the supremacy over the cryptocurrency exchange business until decentralized crypto exchanges arrived. Decentralized Exchange is also decentralized financed application that they provide the basic structure and function when it comes to the crypto exchange in terms of usabililty and liquidity.