Browsing:Blockchain News

Blockchain gaming Illuvium
1 year ago 1 min read

Illuvium Launches Third Blockchain Game to Start the New Year

Blockchain gaming studio Illuvium will release an alpha version of its third game, Illuvium: Zero, tomorrow. The game, which will be available to the roughly 6,500 holders of Illuvium’s land nonfungible tokens (NFTs) on mobile and PC, is a building game in which players can develop and manage their “digital industrial complex.” In the game, land NFT holders can earn money by extracting fuel and selling it on the game’s marketplace. Illuvium’s two other games, Monster battler Illuvium: Arena and open world Illuvium: Overworld, are both in the beta testing phase. The company plans to open access to all three

Southampton FC seeks web3 startups
1 year ago 1 min read

Southampton FC searches Web3 and sports tech startups to join Yolo Group’s Future of Football Initiative

Southampton FC, along with Sport Republic and Yolo Group, have launched The Future of Football Challenge to find and support innovative sports tech startups. The challenge invites startups and scaleups with novel solutions related to football development (such as scouting, training, and game analytics) or fan engagement (such as loyalty programs and global fan engagement) to participate in a 4-week virtual program. During the program, selected teams will be able to rapidly test and pilot their solutions, attend tailored workshops, and have direct access to decision-makers from Southampton FC, Sport Republic, and Yolo Group. At the end of the program,

Turkey plans to use blockchain technology
1 year ago 1 min read

Turkey Adopts Blockchain-Based Digital IDs for Online Public Services

Turkey plans to use blockchain technology to verify the identities of Turkish citizens accessing online public services through the government portal e-Devlet. The country’s vice president, Fuat Oktay, announced the plan at a digital government event, stating that the blockchain-based system would revolutionize the country’s e-government efforts, making online services more secure and accessible. Turkey has previously announced several blockchain-based projects, but few have come to fruition. The country has been planning a national blockchain infrastructure since 2019, but aside from some proof-of-concept projects and a central bank digital currency test, it has not yet seen the full benefits of

SushiSwap
1 year ago 1 min read

SushiSwap to End Support for Kashi and MISO Platforms

Decentralized exchange SushiSwap, has announced that it will be discontinuing two of its offerings—the Kashi lending platform and the MISO token launchpad—due to their poor design and lack of resources. SushiSwap CTO, Matthew Lilley, stated that the company will transition away from these offerings in Q1 2023 and focus on its core decentralized exchange, which has $390 million in total value locked. The Kashi platform, introduced in March 2021, allowed users to borrow cryptocurrency assets within the DeFi space, while MISO (Minimal Initial SushiSwap Offering) was intended as a crowdfunding platform for DeFi projects. Both offerings experienced low user adoption

Argo Blockchain
1 year ago 1 min read

Argo Blockchain Sells Helios Mining Facility to Galaxy Digital

Argo Blockchain, a company that mines for Bitcoin, has agreed to sell its Helios mining facility to Galaxy Digital for $65 million. Argo has been facing financial challenges due to high energy costs, declining Bitcoin prices, and increasing difficulty in mining, which have led to decreased profits and slim profit margins. In October, Argo warned investors that it would need additional funding to keep its operations going after a deal fell through. The company’s stock was temporarily suspended from trading on the London Stock Exchange earlier this month after it mistakenly posted that it had filed for bankruptcy protection, and

Defrost Finance
1 year ago 1 min read

CertiK Audits Under Scrutiny as Client Recovers $12 Million in Stolen Funds

Defrost Finance, an ecological stablecoin project, will return $12 million in funds stolen in a December 23, 2022, exploit, despite having undergone a code audit by CertiK. The refund will be made using on-chain data to ensure that the stolen funds are properly allocated. The hack was initially reported by blockchain security firm Peckshield on Dec. 23, 2022 and involved two attacks: a flash loan attack that stole $173,000 and a V2 attack that stole $12 million by liquidating user positions through a fake collateral token and malicious price oracle. The hacks have raised concerns about vulnerabilities in smart contract

The global blockchain gaming market
1 year ago 1 min read

Blockchain Gaming Industry sees Shift from Traditional Games to Blockchain-Based Games in 2022 Market Report

The global blockchain gaming market is expected to experience significant growth in the coming years, with a projected compound annual growth rate of 70.3% between 2022 and 2027. This growth is being driven in part by increased funding for blockchain games. m, Role-playing games (RPGs) are expected to have the highest market share during this period, with the P2E gaming model using blockchain, crypto, and NFTs to transform the traditional free-to-play concept into pay-to-earn. In RPG games, players assume the roles of characters in a fictional setting and can earn NFTs and crypto rewards while playing. There are various subgenres

Avalanche Coin
1 year ago 1 min read

Avalanche releases an update to AvalancheGo, a blockchain software implemented in the Go programming language

The Avalanche team has released an update to AvalancheGo, their blockchain software implemented in the Go programming language, called “Banff 5.” This update introduces a feature called Avalanche Warp Messaging, which allows subnets (custom blockchains or subnetworks created by developers for specific use cases on the Avalanche blockchain) to share data and cryptocurrency assets with each other, improving interoperability within the Avalanche ecosystem. Prior to this update, subnets created on Avalanche were unable to communicate with each other without the use of complex bridge systems, so they remained isolated from one another. The new update eliminates the need for these

Algorand blockchain
1 year ago 1 min read

Algorand blockchain to provide support to the Italian platform for bank and insurance guarantees

Algorand, a layer-1 blockchain platform, is collaborating with the Research Center on Technologies, Innovation, and Finance from the Catholic University of Milan to create an innovative digital guarantees platform. This platform is the first of its kind to be used in the banking and insurance sectors within an EU member state and is expected to launch in early 2023. Through its fast, efficient, low-cost and scalable data transactions, as well as its anti-fraud capabilities, blockchain technology is well-suited to provide the “digital sureties” platform with the security needed for bank and insurance guarantees. A bank guarantee is when a lending

Ethereum new upgrades
1 year ago 1 min read

The Ethereum Core Development team has set a goal of March 2023 to release the Shanghai upgrade

At the All Core Developers meeting on December 8, 2022, Ethereum developers decided to launch the Shanghai upgrade, called Ethereum Improvement Proposal 4895, on March 2023. This upgrade came in response to the successful completion of the Ethereum Merge on September 15, 2022, and will enable validators to withdraw their staked ETH from the Beacon Chain consensus layer. Moreover, it will set the stage for a scalability upgrade, which will significantly increase the network’s transaction throughput. Marius van der Wijden, a developer, has announced that full and partial withdrawals are now functional on two private Ethereum testnets, with a public

Starbucks Odyssey, a web3 program
1 year ago 1 min read

Starbucks launches Web3 loyalty program

Starbucks has introduced Starbucks Odyssey, a beta version of their loyalty program, to select customers and staff in the US. This program will allow participants to go on “Journeys” with interactive activities that will provide them with collectible NFTs, named “Journey Stamps”, and Odyssey Points that can be used to obtain exclusive benefits and experiences. According to the company, the Odyssey program is an opportunity for the company to further integrate Web3 and NFTs. Starbucks announced a new program, an extension of its Rewards program, which utilizes Web3 technology. Members will be able to participate in ‘Journeys’ consisting of interactive

Telegram blockchain accounts
1 year ago 1 min read

Telegram accounts no longer require a SIM Card as the app now uses blockchain-based phone numbers

On December 7, the Telegram team announced the launch of a new phase of privacy on their centralized instant messaging service app, Telegram. This update allows users to create accounts without sim cards, instead using blockchain-based anonymous numbers. With this new feature, users no longer have to provide their phone number when signing up. The announcement says, “Today starts a new era of privacy. You can have a Telegram account without a SIM card.” Importantly, the messaging platform has added a new feature to its privacy policy which will allow for users to further protect their personal phone numbers from

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