BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
Elrond Transforms Into MultiversX, Launches 3 New Metaverse Products
Elrond, the startup building internet scale blockchain technology, announces its transformation into MultiversX. The company thus expands its mission of building the new internet economy to include the digital meta-space frontier.
WeSleep Unveils its 'Sleepie' NFTs
Web3 app WeSleep has launched with the promise of daily rewards for users who pursue a healthy and active lifestyle. Dubbed a sleep-to-earn app, WeSleep utilizes clever tokenomics to incentivize positive behaviors.
Vietnam to Propel Blockchain Training for Enhanced Competitiveness
To gain an upper hand in the blockchain sector, Vietnam is in high gear to boost human resources in this sector
DLT is Becoming Mainstream Among Financial Market Participants - Citi
According to a recent white paper by American multinational investment bank, Citi, the mainstream adoption of distributed ledger technology (DLT) is now growing rapidly among the financial market infrastructures and global market participants.
OCC Issues Update to Organize a Virtual Innovation Office Hours
The US OCC has created virtual office hours to discuss fintech and possibly crypto-related innovations
Pre-Production Solana Phone Set to Ship to Developers in December
As the launch draws closer, Solana phones (also called Saga) pre-production are now set to be shipped out to developers for testing from December 15th.
UK Parliament Committee Set Out Inquiry Into Risks and Benefits of NFTs
A group in the UK's House of Commons are now planning to launch an inquiry into the operation, risks, and benefits of NFTs and the blockchain at large, as well as to see how the industry could impart the UK economy.
HSBC to Issue Digital Bonds to Institutional Investors through Tokenization Platform
Multinational banking giant HSBC has revealed plans to issue digital bonds to corporates and financial institutions through its new proprietary tokenization platform called HSBC Orion.
Blockchain Video Game Firm Mythical Games Lays Off 10% Of Workforce
Mythical Games has joined the rising list of tech firms reducing headcount amid recession concerns.
IRS is Developing 'Hundreds' of Crypto Cases Amid Upcoming Tax Season
The United States IRS is building crypto cases and is looking toward hiring new hands to help handle its operations