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.
Axie Infinity Dominates Crypto Games Sector: Crypto Head
The Crypto Head report added that Axie Infinity has a diluted market cap of almost $16 million - which is more than $10 million than third-placed Decentraland.
NBA Top Shot Creator Dapper Labs's Flow Launches $725m Blockchain Ecosystem Fund
NBA Top Shot producer Dapper Labs has announced a $725 million eco-fund for Layer 1 blockchain Flow to help grow the flow ecosystem.
Bitcoin Miner CleanSpark Announces Second Quarter 2022 Financial Results, Beating Analyst Expectations
CleanSpark announced financial results for the second quarter of 2022, with total revenue for the quarter quadrupling year-on-year to $33.5 million and adjusted earnings before interest, taxes, depreciation (Ebitda) of $22.5 million.
Riot Blockchain Generates $79.8m Revenue with YoY Increase of 244%
Riot Blockchain's first-quarter earnings from 2022 showed a new record of total revenue for the quarter. It was up 244% year-over-year to $79.8 million, and its bitcoin production increased year-over-year in the first quarter of 2022 by 186% to 1,405 BTC.
Crypto Expert Nouriel Roubini Develops Tokenized Assets, Aiming at Replacing USD
Crypto-basher economist Nouriel Roubini is developing a tokenized asset designed to counter the volatility of the U.S. dollar due to inflation, climate change, and more.
NEAR Foundation Sets Up a Regional Hub in Kenya, Boosting Blockchain Innovation in Africa
NEAR Foundation has launched a regional hub in Kenya in collaboration with Sankore, an African-focused blockchain community, to trigger talent development, education, and blockchain innovation on African soil.
Nous Launches World's 1st Decentralised Hedge Fund
Blockchain start-up Nous Systems has announced the launch of the world's first decentralised hedge fund built on blockchain technology.
The Bank of Tanzania to Introduce CBDC, Strengthening Domestic Payment System
The Bank of Tanzania is actively introducing a CBDC to strengthen the domestic payment system.
Galaxy Digital Loses $111.7m in Q1 as Crypto Markets Plunge
A diversified financial services firm dedicated to the digital asset, Galaxy Digital (GLXY) announced its financial results for the first quarter ended March 2022, with a significant financial loss.
Over 3.4m Sweatcoin Crypto Wallets Created since Launch of SWEAT Token in April
Sweatcoin has seen the creation of over 3.4 million crypto wallets via its mobile application since the company announced the SWEAT crypto token last month.