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.
Bitcoin Falls to the Lowest Level since Dec 2020
Bitcoin has fallen to its lowest level for a year and a half, trading around $25,344 at the time of writing, according to data from CoinGecko.
Tron DAO Reserve Buys $50M BTC, TRX
Tron DAO Reserve announced through Twitter that it bought $50 million worth of Bitcoin and Tron (TRX) to "safeguard the overall blockchain industry and crypto market."
Drosey's Web5 to Merge Web3 and Web 2.0, Built on Bitcoin Blockchain
Web5 is a combination of Web3 and Web 2.0 built on the Bitcoin blockchain, former Twitter CEO Jack Dorsey announced through Twitter.
Mastercard to Enable Payments for NFTs, Web3
Mastercard has announced that the payment firm is working to enable NFT commerce with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and Web3 infrastructure provider MoonPay.
PartyDAO Raises $16.4 Million Led by a16z
PartyDAO has raised $16.4 million in funding led by Andreessen Horowitz (a16z), The Block reported.
Blockchain Technology in the Healthcare Market Expected to Contribute $121Bn by 2030
Blockchain technology in the healthcare market is expected to reach an annual growth rate (CAGR) of 68.3% between 2022 and 2030, according to a study by Market Research Future (MRFR).
Hong Kong-based Grand Cru Cellar to Offer First Redeemable Wine NFT in Asia
Hong Kong-based wine importer and distributor Grand Cru Cellar (GCC) has announced plans to enter the NFT industry.
Entropy Closes $25M Seed Round for Building Decentralized Custody Platform
Entropy announced that the crypto asset firm has closed a $25 million seed round, The Block reported.
Enterprise Grade Back-Office Platform Cryptio Raises $10m in Series A Funding
Enterprise-grade back-office platform Cryptio has raised $10 million in a Series A funding round.
Britain Eyes Becoming a Crypto Hub, Upgrading the Market by Adopting DLT
In pursuit of becoming a global crypto hub, Britain seeks to revamp the traditional financial market using distributed ledger technology (DLT), according to the finance ministry.