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.
European Central Bank Considers Rolling Out Blockchain-Powered Bank Transactions
The European Central Bank (ECB) seeks to be ahead of the game by studying how blockchain-based bank transactions will enable more money control even if lenders change to distributed ledgers.
FTX Wins Bid to Take Over Bankrupt Voyager's Assets
FTX took over bankrupt crypto brokerage Voyager Digital Ltd.'s assets after winning an auction with a bid of about $50 million, the information was shared by people familiar with the matter.
Crypto Fugitive Kwon Denies Hiding from Authorities
Do Kwon tweeted "yeah as I said I'm making zero effort to hide. I go on walks and malls, no way none of CT hasn't run into me the past couple weeks," denying running away from the authorities.
Ethereum Network's Transaction Prices has Declined: The Block
The Ethereum network's gas fees have declined significantly since 2021, according to The Block.
Pop Culture Collectibles Firm Funko Launches Game of Thrones NFT
Fantasy-themed TV series "Game of Thrones" launched its NFT through the US fashion play giant Funko, which will be released on October 4 on the NFT platform Droppp.
Walt Disney Seeks Attorney to Explore Emerging Technologies in NFTS
Walt Disney Company is hiring a deal attorney to explore emerging technologies, including NFTs.
Interpol Issues Red Notice for Terra's Kwon
Terraform Labs co-founder has been issued with a red notice from Interpol, prosecutors in South Korea claim, according to a report from Bloomberg.
GameFi platform BinaryX launches strategy game CyberChess with $500,000 Prize Pool
BinaryX, a GameFi development platform, announced today the launch of CyberChess, one of the first free-to-play, play-and-earn auto chess strategy games in the P2E dominant GameFi space. CyberChess offers people on Web3.0 new entry points into the world of GameFi.
Vanity Rolls Out Solution Enabling Crypto Users to Customize their Wallets
For a more personalized experience in the crypto space, Vanity Global has developed a blockchain-based technology that generates a custom prefix of not more than 11 leading characters for any crypto wallet.
Raising Blockchain Awareness will Spur More Adoption, Experts Say
Speaking at a blockchain conference dubbed BUIDL VietNam 2022, experts pointed out that raising awareness about this cutting-edge technology through regulatory frameworks, successful applications, and education would heighten adoption.