Category: Blockchain
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To solve the blockchain modularity issue, Celestia raises $55 million.
The project Celestia, which seeks to address the alleged centralization issue in the current monolithic blockchains, has announced the completion of its most recent funding round, which brought in $55 million. Delphi Digital, Protocol Labs, Figment, Maven 11, and Spartan Group, among others, participated in the round, which was led by Bain Capital Crypto and…
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Block Times Indicate That Progress Toward Bitcoin’s Halving Is 60% Complete, and That a Halving Could Take Place Next Year
Progress toward the subsequent halving of the Bitcoin block reward has surpassed 60%, according to countdown statistics based on the typical block generation time of about ten minutes. Although the majority of halving countdown clocks use the ten-minute average, the countdown using the most recent block intervals, which are around 7:65 minutes, indicates that the…
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Europol Sees Tools to Tackle Crime in Cryptocurrency and Blockchain Technologies
In the case of cryptocurrencies, abuse increases with use, according to Europol, which also noted that blockchain technologies give law enforcement a new way to combat crime. The law enforcement organization in Europe claims it can assist in the investigation of money laundering networks. Understanding Cryptocurrencies Is Vital to Tackling Organized Crime, Europol Says Following…
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Ripple will take part in the CBDC Sandbox Program of the Digital Dollar Project.
The Digital Dollar Project, a non-profit promoting the development of the digital dollar, has announced the beginning of a sandbox program to begin investigating the technical implementations of the envisioned digital currency. One of the four participants who will aid the Digital Dollar Project in “exploring technical and business implementation questions” is the fintech company…
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Binance will support the development of the blockchain ecosystem in the South Korean city of Busan.
The South Korean city of Busan is receiving assistance from Binance to “grow crypto adoption within the city and beyond.” The development of the city’s blockchain ecosystem as well as the Busan Digital Asset Exchange will be assisted by the international cryptocurrency exchange. The Memorandum of Understanding (MOU) between Binance and Busan Metropolitan City was…
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Asian Universities Will Receive $20 Million From the Korean Blockchain Project Klaytn for Blockchain Research.
South Korea’s SEOUL Blockchain protocol Klaytn has committed $20 million over four years to support blockchain development and funding at the National University of Singapore and the Korea Advanced Institute of Science and Technology (KAIST) in Seoul (NUS). In Coindesk’s 2021 University Rankings for Blockchain, NUS took first place overall, while KAIST came in at…
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SABIC, a Saudi chemical manufacturer, has launched a blockchain pilot project.
According to a chemical manufacturer in Saudi Arabia, a blockchain pilot that just got underway will explore the technology’s potential for “supporting end-to-end digital traceability of circular feedstock in customer products.” Blockchain technology is expected to have several advantages, including faster data integration and reduced costs and time. Saudi Basic Industries Corporation (SABIC), a producer…
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Executives from China Blockchain Alliance: Virtual currency is the “largest Ponzi scheme in human history.”
In a recently published op-ed, the chairman of China’s Blockchain Service Network (BSN) Development Alliance, Shan Zhiguang, and a colleague insisted that cryptocurrencies are “unquestionably the largest Ponzi scheme in human history.” However, they have stated that “because of virtual currency, the value of blockchain technology should not be ignored.” Virtual currency is “unquestionably the…
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“Cryptocurrency is very risky,” according to US Treasury Secretary Janet Yellen, and is unsuitable for most retirees.
Cryptocurrency, according to US Treasury Secretary Janet Yellen, is a “very risky investment” that she would not recommend to most people saving for retirement. Yellen did, however, mention that Congress could limit the types of investments that can be made in retirement accounts, such as 401(k) plans. The question of whether Americans should be able…