Home Blog Page 16

Gold Industry Pats Blockchain To Help Prevent Fraud And Support Supply Chain Management

By
Adam Barry
-
0

The gold industry is turning to blockchain as part of its efforts to curb fraud. It also hopes that blockchain will assist it with supply chain management. LBMA CEO Ruth Crowell is one of the officials that exude confidence in the new blockchain-based initiative. The leader said that the initiative was crucial in their efforts to bolster trust in the traded gold. She affirms that “integrity and accountability” when dealing with bullion are attributes that count. 

Joining forces

It is a new dawn in the gold industry where the most prominent organizations are coming together in joint efforts to unveil a new “integrity program” embedded in blockchain technology. It hopes to make significant steps forward in supply chain management, and the beneficiaries will be the various market participants. The organizations look forward to great times ahead where such participants will quickly verify the authenticity of their bullion.

 The World Gold Council (WGC) and the London Bullion Market Association (LBMA) gave out a statement on Monday highlighting their plans to ensure gold bar integrity. They hope to establish an “international system of gold bar integrity rooted in blockchain technology. They also mentioned provenance and chain of custody as the other areas they will focus upon in efforts to transform matters. The World Gold Council (WGC)  revealed that aXedras and Peer Ledger were the big names behind the development of blockchain technology.

 The essence of the ledger

The ledger will help accomplish wide-ranging tasks such as tracking gold bars in the various stages of the production and distribution chain. The stages include mining, vaulting, and selling to jewelry manufacturers. The ledger will also help with the registration process. 

The so-called Gold Bar Integrity Programme continues to enjoy great support from some leading organizations. Such organizations include Barrick Gold, CME Group, Metalor, Newcrest Mining, Hummingbird Resources, Brinks, Royal Canadian Mint, Perth Mint, Asahi, Aura Minerals, and others.

LBMA and WGC applaud the pilot program and hope to promote it in the future for use across the gold industry. They added that supply chain management remains one of blockchain technology’s most outstanding and promising use cases.

Canadian PM Candidate Champions For The Use Of Bitcoin As A Different Form Of Money

By
Adam Barry
-
0

The Conservative candidate for Prime Minister expresses his views on the path the Great White North should take regarding cryptocurrency. He believes Canadians deserve to enjoy great flexibility in payments and thus advocates for the use of Bitcoin and other crypto-assets. Pierre Poilievre champions a course that will enable the citizens to use Bitcoin as legal money.

Poilievre’s stand

The leader was featured on a YouTube channel, BITCOIN making assertions on what is best for Canada. He asserted that the time had arrived for the people of Canada to enjoy greater financial freedom. The party candidate addressed a crowd of about 100 in one of the restaurants. He looks forward to times when the citizens enjoy freedom to own and use crypto, decentralized finance, smart contracts, and tokens.

Poilievre understands the need for citizens to enjoy great freedom, and that should include the opportunity to use a different form of money. He cites the example of instances where certain governments abuse a country’s money. He thinks the alternative for cash would spell great freedom in such an instance. Therefore, he promises to fight for the rights of the citizens to utilize other top-quality cash.

Koleya’s perspective

Koleya Karringten is the executive director of the Canadian Blockchain Consortium (CBC), and he also had something to say about the crypto subject. He spoke about the hostile environment associated with the Liberal government’s attitude to supporting crypto. Koleya says the weakness was on the government’s side. The government needs to learn a lot of things, including regulatory clarity. She says that proper knowledge and understanding could help change the current affairs and give crypto its rightful place.

Koleya opines, “It’s important to have a strong advocacy position to educate the government on blockchain. Once they see the level of tax revenue, they will know this isn’t an industry for criminals, it’s an industry for innovation.”

Poilievre’s support of cryptocurrency is outstanding, but that doesn’t reflect how people observe or regard crypto in Canada. Reports indicate that only a small number resonates with the idea of using crypto as a different form of money. Statistics reveal that only 14% of Canadian citizens have cryptocurrency.

Citizens School Leads The Middle East Schools In The Adoption Of Crypto Payments

By
Adam Barry
-
0

A school in Dubai called Citizens School leads the way in accepting crypto as a means of payment. The school says the learners can make payment of their tuition fees in either Ethereum or Bitcoin. The Middle East has made a significant move in accepting crypto payments, and those who choose to use the means won’t have any reason to worry. The school promises to establish an advanced and safe legal framework to serve persons that choose to pay using crypto. The school resumes in September 2022.

School to offer great support

This school’s decision favors everyone. It says that it will deliver flexible payment options, which means better conditions on top of the traditional forms of payments. It also speaks about the interest-free monthly payment options outlining that it will provide more information about them.

The Citizens School speaks about the acceptance of payments in crypto.It draws a close link between such payments with a digital currency platform responsible for processing cryptocurrency payments. The platform operates automatically to deliver Emirati dirhams (AED).

The school makes an early step to embrace cryptocurrency, but it is a move that follows the Dubai government’s recent decision. The government had passed its first law targeting the regulation of virtual assets. In addition, the government outlined its commitment to delivering an advanced and safe legal framework for investors.

Alzarooni speaks out

The founder of Citizens School called, Dr. Adil Alzarooni, spoke about the changes sweeping across the crypto segment, and he believes a lot is happening. He reflects on some time back when the term crypto used to be known by quite a few people. He referred to it as a floating term. Only well-established investors knew it in the past. He revealed that matters had changed and that cryptocurrency is becoming more mainstream. He forecasted a future where crypto would reshape the traditional system.

Alzarooni seems optimistic about the good of the next generation and the digital economy. He was referring to UAE in this case.

Alzarooni opined, “By introducing this new payment facility, we look forward to enhancing the role of young generations in achieving the UAE’s digital economy. As more people embrace the era of digitalization, today’s children will become the entrepreneurs and investors of tomorrow.”

Hoskinsea Announces The Unveiling Of Its $HSK Token Private Sale

By
Adam Barry
-
0

Hoskinsea is pleased to unveil its Token private sale. It urges persons interested to move with speed because only the early participants will benefit from its move. It hopes to accumulate as many lucky holders as possible.

State of operations

Hoskinsea runs its operations on a massive network called the cardano network, and its inception has pushed the interest level from the crypto community a notch higher. There are many reasons why it operates on the cardano network, and it mentions them openly. It describes the network as pretty secure and fast. It also mentions how the network unveils a vast ecosystem of crypto assets and collectibles to the lucky holders. Hoskinsea is impressed by the massive growth since its inception into the popular network.

Hoskinsea is a good option for users because there is a lot to gain. For example, they enjoy the freedom to create their shops and stock their NFTs for sale. They could do so on either a fixed price or resort to a revenue split with the marketplace. In addition, its move creates flexibility among users who can now purchase from others. The other way would be to buy from the various shops on the vast Hoskinsea marketplace.

Supporting creators

Hoskinsea supports artists and creators in many ways. For example, it serves them with a trustless marketplace that facilitates the effective sharing of their art. It hopes to achieve a lot in the future, one of the moves being efforts to accomplish more with its tagline. The “collectible as an artist” tagline reveals how users will succeed in setting up their Dapps on the Cardano network. The users can then sell their digital certificates of authenticity or even the physical artwork they might have.

It speaks out about the $HSK Tokens and several uses on the Hoskinsea platform, pointing to the various ways token holders might benefit. There are many plans underway, and the most important is establishing a fully functional Decentralized NFT marketplace. This marketplace operates in the Cardano ecosystem. Hoskinsea challenges people to become early participants because it is the only way they could buy successfully from the HSK token private sale. Such persons would also qualify to become early holders of HSK tokens.

Cypher Capital Launches $100 Million Fund in the Middle East and North Africa

By
Adam Barry
-
0

Cypher Capital began one of the most significant seed funds in the Middle East and North Africa (MENA). The fund is supposed to reach $100 million. Cypher Capital plans to use the funds on Metaverse, GameFi, and DeFi projects.

Cypher Capital, whose headquarters are in the UAE, has a blockchain ecosystem that focuses on blockchain access. While the venture is self-funded, it could open up to other institutions to allow more to invest in the project.

 The project is to accelerate growth in the blockchain space 

According to the GP and founder of Cypher Capital, Bijan Alizadeh, the firm is excited to launch its largest cryptocurrency fund in the Middle East and Africa. He adds that its partnerships with other private venture companies will enable it to improve the blockchain ecosystem tremendously. For this reason, Cypher Capital recently invested $1.5 million in Crypto Oasis Sentio.

Alizadeh adds that the firm will also work with highly talented individuals and visionary innovators to expand and improve the blockchain ecosystem. He believes these moves will accelerate growth in the space.

Alizadeh, a famous crypto investor, is best known for being part of successful startups like Skale, Near Protocol, Casper, Graph, and ACDX. Alizadeh, who will finance the latest funds, has stated that it will exclusively involve digital assets.

Hew the project would work

Cypher Capital manages assets of about $10 million. The firm intends to deploy between $2illion and $5 million monthly. While most of these funds will go to projects in Africa and the Middle East, it will also allocate some funds to South Asia and other parts of the world.

In the future, the fund will raise more money for other investment funds. At this time, Cypher Capital’s goal is to manage assets of about $1 billion in three years. Alizadeh has stated that the firm will also establish a digital asset and blockchain hub to allow potential startups to present their ideas to find an investor.

Alizadeh hopes the hub can become a networking space for crypto startups where they will have access to technical advice, legal advice, and training. He points out that while many people hope to begin a startup, they don’t all have the experience it takes to run a large company, and that could be detrimental. For this reason, Cypher offers them what to establish a solid foundation.

Chainlink Launches Startup With Chainlink to Support Startups

By
Adam Barry
-
0

Chainlink has launched a project that offers new crypto startups a blueprint. Startup with Chainlink will give free information, mentorship access, and community groups to entrepreneurs and founders as they begin their projects.

What the project will offer startups 

According to a lab executive from Chainlink, David Post, the project will give early-stage projects community groups, events, webinars, operations best practices, and scaling information. Moreover, top projects will have extra access to features like venue capitalists and mentors. Chainlink came up with this project to help startups set up a solid foundation that would allow them to survive.

The blockchain thrives from people beginning new crypto-related businesses. However, starting a crypto business isn’t always as simple as it seems. Unfortunately, starting a business incorrectly could be detrimental to the crypto industry’s reputation. For this reason, Chainlink believes it has a responsibility to provide founders with appropriate tools to launch a successful business.

When inexperienced founders start a crypto business, they often have various challenges. For instance, their employees could quit when they realize their bosses have no idea what to do. This is another reason why providing them with mentors is essential, as it helps them find the directions they need for crypto business.

Furthermore, supporting startups would help founders become more innovative in their operations instead of recycling old ideas. This is critical as many founders opt to reinvent the design of their platforms instead of coming up with something new that would give them an edge in the space.

The project could help improve the blockchain ecosystem

Post adds that Startup with Chainlink could benefit the whole blockchain industry. The success comes from having multiple linked blockchain platforms that have solid foundations and are sustainable. Such a project could create more lasting community ties and raise a sustainable Web3 ecosystem that serves people globally.

Chainlink is not the only platform interested in supporting cryptocurrency startups. The Sandbox has previously announced a program to invest in about 30 or 40 startups yearly. To ensure the project’s success, it collaborated with Brinc, who would allocate funds to startups and provide them with leading mentors.

Geely Automobile Holdings Ltd (OTCMKTS: GELYF) and Concordium Collaborate on Blockchain

By
Adam Barry
-
0

Geely Automobile Holdings Ltd (OTCMKTS: GELYF) and Concordium are collaborating on a blockchain venture at Wuxi, China. Geely Holdings is a car manufacturer, and the venture is to improve blockchain and create blockchain technologies.

The collaboration will utilize blockchain technology from Concordium to become a lead service provider in China. Furthermore, it will allow the blockchain provider to access applications and tools that will improve its ecosystem.

After the companies announced their partnership, Geely Holdings came up with a Digital Technology Sector. This branch of operations will be responsible for investing in the latest technologies such as blockchain. The company is also trying to speed up the development of its headquarters in Wuxi.

Services the Digital Technology Sector will offer

Geely Holdings and Concordium will allow their clients to access decentralized applications and business models based on blockchain. DTS has come up with various services that the platform will offer. These are blockchain traceability and digital asset management platforms. Moreover, it has added these services to Geely Holdings products.

According to Geely Holdings’ CEO, Daniel Donghui Li, the company’s cooperation with the Wuxi Economic Development District will increase the progress of blockchain in the region. He adds that the Wuxi Economic Development District has supported the enterprise, which is vital for the project.

Concordium Foundation’s chair, Lars Seier Christensen, added that the company is working towards using blockchain to benefit startups and businesses all over China. He points out that Concordium’s blockchain technology is supported by an experienced and innovative team trained in leading institutions.

Concordium uses ID-layer protection

The company combines accountability and privacy via an ID layer. This ID layer enables the company to verify the customer’s actual identity through a third party.

While the blockchain uses ID-layer protection, it ensures that transactions are anonymous. It does this through zero-knowledge proofs. Moreover, the blockchain uses CCD as a payment token. Client’s can use these tokens to settlement, collateral, staking, rewarding node operators, and settling transaction fees.

Consortium plans to work closer with Geely Holdings to improve the use of blockchain in the automotive space and more industries. It will do this by enhancing traceability of industrial internet in the Metaverse, carbon neutrality, and supply chain.

Stronghold Digital Mining Inc (NASDAQ: SDIG) is Using Coal Waste to Mine Bitcoin 

By
Adam Barry
-
0

Stronghold Digital Mining Inc (NASDAQ: SDIG) is creating clean energy from harmful coal waste to mine Bitcoin. This news comes when cryptocurrency mining has been criticized for being harmful to the environment. Fortunately, this firm has found a way around it.

Stronghold is retrieving the coal waste from old power plants and mining it at its Pennsylvania mining rigs in an emissions-controlled surrounding. This move is helpful as coal waste usually causes many adverse effects on the environment.

Pennsylvania is a leading coal producer in the U.S

Some of the effects coal waste causes are acid water, acid drainage, air, and water pollution. Stronghold has found a great way to get rid of the waste by using it on Bitcoin mining. Moreover, Pennsylvania is the best state for the process as it is the third most significant coal producer in the U.S.

Experts from the state estimate that Pennsylvania produces 881 pounds of coal waste for every 2200 pounds of coal it mines. Others state that Pennsylvania has produced more than 220 million tonnes of coal waste.

New York suggests ban in proof-of-work cryptocurrencies

This solution could not have come at a better time for Stronghold. U.S regulators have criticized Proof-of-work cryptocurrencies like Bitcoin as they require too much energy to validate their networks and mine.

As a result of the controversy, legislators suggested that they suspend proof-of-work cryptocurrencies that utilize fossil fuel as they were harmful to the environment. The New York State Assembly has received this bill. If it passes, regulators in New York could ban proof-of-work cryptocurrency for about three years. Countries like China have completely banned cryptocurrency for its environmental impact.

The threat of banning and suspension has led many other cryptocurrency mining companies to create more environmentally friendly solutions. For example, ConocoPhilips, a North Dakota oil company, began a program to sell natural gas byproducts to miners. This move would remove the necessity got the company to burn fuel.

Another cryptocurrency mining company, Argo Blockchain, announced that it was changing its operations as the firm has become more aware of its greenhouse emissions. For this reason, the firm had decided to use renewable energy to operate its mining operations.

Veve Shuts Down Its Operations After it Loses Gems in an Attack

By
Adam Barry
-
0

Veve recently went through an exploit that caused the illegal acquisition of millions of its gems. The NFT marketplace released a statement confirming that its attackers have taken millions of gems. It has now shut down its platform as it begins an investigation. It has also temporarily gotten rid of the option to purchase gems.

Attackers took advantage of a vulnerability

Veve users utilize gems to buy collectibles. The attackers exploited a vulnerability in the platform’s software and used it to mint several gems do free. Another Veve user stated that he had a friend that once used an expired credit card to purchase a gem efficiently.

The platform has also shut down the accounts of users who tried to purchase gems from the attackers at considerably lower prices. Veve has stated that it will try to communicate with these users.

The marketplace had also said that it would resume its operations as soon as possible. It will also update its customers on the investigation.

Veve hasn’t given out the amount of money it has lost. Instead, a Twitter commentator speculates that the figure could be millions. If this is the case, this would be the most significant loss the platform has ever experienced.

Veve made significant partnerships in 2021

Veve is an iOS and Android app that Ecomi, a Singapore technology company, released. Since the platform launched, it has been a popular NFT space among customers. Veve’s popularity can be evidenced by its number of partnerships in 2021 alone.

For instance, the marketplace collaborated with Coca-Cola, Pixar, and Marvel. Through its partnership with Marvel, Veve released NFTs based on Captain America, Spiderman, and classic Marvel Comics.

Veve has also partnered with entertainment companies like EON. This collaboration was to create NFTs based on No Time to Die, the most recent installment in the James Bond series. Another entertainment company Veve collaborated with is Metro-Goldwyn-Mayer.

The platform is not the only one that has been recently exploited. In the same week, ApeCoin Smart  Contract faced a similar problem. The attackers gave ApeCoin tokens to platform members, earning profits of $380,000.

Blocto and Yahoo collaborate to set up an NFT store

By
Adam Barry
-
0

The creator of Blocto known as Portto is joining hands with Yahoo Taiwan in a deal to establish an NFT store. The Yahoo Taiwan NFT Store is the latest addition to the NFT segment. It is ready to present the Yahoo Taiwan collection, with the official launch set in late March. Portto describes  “A-Hoo” as Yahoo Taiwan’s official mascot.

Hsuan Optimistic about the development

One of the first persons to comment about the latest development is the CEO of Portto Hsuan Lee, who thinks Blocto has made giant steps forward so far. He speaks out about how it has amassed significant experience followings its close cooperation with some of the leading enterprises such as MotoGP Ignition,  Vault by CNN, and Yahoo Taiwan.

Hsuan opines that they will count on the blockchain technology expertise to support the latest deal. He applauds the cooperation with Yahoo Taiwan because of the good that it presents to people. He considers the collaborations a step towards the right direction because they will simplify how people own and even collect NFTs. He was particular about the “A-Hoo,” pointing out how the different persons will easily purchase, as is always the case when shopping in the various e-commerce platforms.

What to expect

The Yahoo Taiwan NFT Store will make its first collection soon. It is an NFT collection that presents a lot, including “A-Hoo” the official mascot. Furthermore, it discloses that the image of this mascot features a great deal on most of its branded products.

The VP of Taiwan E-Commerce and Regional Products at Yahoo called, Chen-Te Lin, has spoken about the role of technological innovations currently and into the future. The officials say that they utilize such innovations to ensure they optimize the users’ experience. Furthermore, he points out the cross-platform resources of Yahoo Taiwan, talking of how they will facilitate their plans to satisfy customers’ needs.

Chen-Te Lin opines “By collaborating with Crypto walletBlocto and leveraging Yahoo Taiwan’s advantages in media and e-commerce to launch Yahoo Taiwan NFT Store, Yahoo Taiwan is making NFTs accessible to all and creating a channel where local creators can expand their venture into NFTs.”

1...151617...66Page 16 of 66

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

©