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.
Hidden Road Partners in Big Talks With Top Firms to Provide Access to Trade or Hedge Crypto Risks
Hidden Road Partners is in talks with hedge funds and many of the top 20 global banks about providing access to trade or hedging their crypto risks, Bloomberg reported citing executives at the firm.
Tencent Receives Patent for Tracing Missing Individuals by Using Blockchain Technology
Chinese tech giant Tencent has revealed that it has been granted a patent for person-seeking notices by using blockchain technology. Its purpose is to boost the search for missing person efficiency.
Telegram Mulling to Launch Marketplace for NFT-Like Smart Contracts
Telegram is considering introducing a new marketplace to allow users to transfer usernames via "NFT-like smart contracts," founder Pavel Durov announced.
Correlation Between Performance of Equity Markets and Crypto Assets in Asia Increased: the IMF
The International Monetary Fund said that the returns and volatility correlations between Bitcoin and Asian equity markets have increased significantly since 2020, before the pandemic.
BTC's Average Transaction Fee Drops below $1 for the First Time within 2 Years
The average transaction fee for Bitcoin fell below $1 due to falling market prices and lower mining difficulty.
Australia Announces 'Token Swap' Campaign to Accelerate Crypto Regulation
Australian federal government will implement a “token mapping” exercise to inform future regulation of the country’s crypto assets, laying the groundwork for “determining how crypto assets and related services should be regulated.”
Hackers Steal Cryptos from General Bytes Bitcoin ATM via Zero-day Bug
Crypto ATM manufacturer General Bytes has confirmed that its infrastructures have been hacked using a zero-day vulnerability in server ports to steal cryptocurrencies from customers.
Celsius Spent Over $40m on Crypto Mining in First Two Weeks after Bankruptcy
Celsius Network LLC used more than $40 million in cash on its startup mining operation in the first two weeks after filing for bankruptcy, according to a report from the Wall Street Journal.
ChangeNOW Teams Up with Ariva to Create a Crypto Exchange in the Metaverse
ChangeNOW, a non-custodial crypto exchange platform, has created a space within Ariva Wonderland, a metaverse project built on Ariva, a next-generation tourism & travel blockchain protocol.
Japan's Financial Giant SBI Group to Shut Down Crypto Mining Operations in Russia
Japanese financial giant SBI Group announced that it will shut down its crypto mining operations in the entire country of Russia.