Browsing:Blockchain News

The messaging app will soon introduce a username auction platform on The Open Network (TON) blockchain
1 year ago 1 min read

The Telegram messaging app to launch a username auction platform through Open Network (TON) blockchain

The messaging app will soon introduce a username auction platform on The Open Network (TON) blockchain, according to a corporate announcement on Thursday. Telegram founder Pavel Durov announced the concept in August, citing the success of a recent TON auction for their wallet usernames as inspiration. Some, such as “casino.ton,” fetched more than $200,000. He said, “If TON has been able to achieve these results, imagine how successful Telegram with its 700 million users, could be if we put reserved @ usernames, group, and channel links for auction.” But Durov isn’t done yet. “Other parts of the Telegram ecosystem, such

Cardano founder
1 year ago 1 min read

Charles Hoskinson Makes Fun of Reddit Users Who Make Cardano Memes

Charles Hoskinson, the founder of Cardano, took to Twitter to explain how the NFT community on Reddit is criticizing him and Cardano on the forum /r/CryptoCurrency, asking “at least make better memes.” While Hoskinson discusses the “Charles Derangement Syndrome” memes, cryptocurrency influencer Ben Armstrong responds with a similar experience he had years ago. “BitBoy Derangement Syndrome took its final form on r/cryptocurrency years ago,” Armstrong wrote, adding that he has previously been asked to do a roast on the platform and would like to perform an ask-me-anything session sometime. Hoskinson responded that once the job is over, he would like

Bluesky Social's co-founder and former CEO Jack Dorsey has revealed the most recent version of its social protocol and a new Bluesky Social app.
1 year ago 1 min read

Twitter’s former CEO Jack Dorsey introduces decentralized social with algo choice and portable accounts

The eagerly anticipated “Bluesky Social” software is currently accepting participants for a private beta and promises a “short launch.” As part of its decentralized response to Twitter, Bluesky Social’s co-founder and former CEO Jack Dorsey has revealed the most recent version of its social protocol and a new Bluesky Social app. The program was first launched by Dorsey in December 2019 with the goal of allowing social media users to have control over their data and be able to move it from platform to platform without authorization. The announcement on October 18 comes almost three years later. Account portability, algorithmic

ChainSafe, a provider of blockchain infrastructure, has raised $18.8 million in a Series A round that was oversubscribed.
1 year ago 1 min read

A provider of blockchain infrastructure, has raised $18.8 million in a Series A

ChainSafe, a provider of blockchain infrastructure, has raised $18.8 million in a Series A round that was oversubscribed and was headed by the Canadian venture capital firm Round13. According to a press statement from the startup, ConsenSys, HashKey Capital, NGC Ventures, and Digital Finance are among the additional investors in the round. At a Toronto Ethereum meetup in 2017, while the blockchain industry was still in its infancy and in need of stronger developer tools, Aidman Hyman and Hatcher Lipton co-founded ChainSafe. According to Hyman in an interview with The Block, “Bitcoin wasn’t necessarily the thing that excited us.” He

South Korea to roll out blockchain-based ID
1 year ago 1 min read

South Korea intends to roll out blockchain-based digital IDs for its population

According to Bloomberg, South Korea intends to roll out blockchain-based digital IDs for its population by 2024. Smartphones will be equipped with these digital IDs, which will function just like traditional resident registration cards. The need for digital IDs is not a new one; its significance became clear as soon as the world adopted a digital economy and an increasing number of individuals started using cashless payment methods. The South Korean government is planning to implement a decentralized identity system because of concern about being perceived as a “Big Brother.” The government would not have direct access to any of

Ethereum smart contracts on the XRP Ledger (XRPL)
1 year ago 1 min read

Ripple to bring Ethereum smart contracts to the XRP Ledger (XRPL)

David Schwartz, the Chief Technology Officer (CTO) of Ripple and one of the original designers of the XRP Ledger, discussed his ideas for an EVM sidechain back in September. His plan was to make it possible for Ethereum smart contracts to be executed on the XRP Ledger (XRPL), lowering the entrance requirements for developers. On October 17, Peersyst announced that it has released the first phase of the EVM sidechain for the XRPL now live on XRPL Devnet. The XRPL ecosystem has moved one step closer to reaching this objective as of late. Peersyst has finished implementing and publishing the initial

Ajman police to offer service in the metaverse
1 year ago 1 min read

Ajman Police in UAE becomes the first law enforcement organization to offer its services inside the metaverse.

The United Arab Emirates (UAE) is continuing with its extensive metaverse adoption across all of its governmental and business enterprises. According to Khaleej Times report on October 16, the Ajman Police in UAE became the first law enforcement organization in the world to offer its services inside the metaverse. The Ajman Police General Command debuted a brand-new cutting-edge service during Gitex Technology Week dubbed “Request for Sponsorship,” which enables the general people to get in touch with the police digitally. At the Dubai Metaverse Forum, Ajman Police General Command Officers were also in attendance. The force’s participation was made in

Konami Digital Entertainment announces that we will be recruiting a wide range of talent for "system construction" and "service development" to provide new experiences such as WEB3 and Metaverse.
1 year ago 1 min read

Konami, a Japanese video game firm, to hire web3 and metaverse developers

Konami, a Japanese video game company, is seeking developers with expertise in web3 and metaverse. In addition, the company intends to introduce an NFT marketplace at a time when the majority of other gaming companies have abandoned them. On October 13, the Japanese entertainment conglomerate and video game developer Konami announced that it was hiring staff for Web3 and metaverse development. The company’s plans to introduce an NFT marketplace for trading digital in-game items is particularly intriguing. To create new experiences like Web3 and the metaverse, Konami is hiring people to work in system construction and service development roles. According

A $500 million lending project to support the cryptocurrency mining sector has been announced by Binance Pool.
1 year ago 1 min read

Binance launches pool to support BTC mining industry with a $500M miner lending project

The biggest cryptocurrency exchange in the world, Binance, made an exciting announcement earlier on October 14 to support the cryptocurrency mining sector. A $500 million lending project to support the cryptocurrency mining sector has been announced by Binance Pool. The Binance official announcement is as follows: “”As one of the world’s leading crypto mining pools, Binance Pool has a responsibility to help maintain a healthy digital asset ecosystem. In light of current market conditions, Binance Pool is launching a $500million lending project to support crypto miners and digital infrastructure providers.” This project is a first-of-its-kind for Binance Pool, according to

Inflation in the United States is currently 8.2%, a tenth of a percent higher than anticipated but lower than last month's 8.3%, according to newly released economic data.
1 year ago 1 min read

U.S. economic figures published show inflation is at 8.2%

Inflation in the United States is currently 8.2%, a tenth of a percent higher than anticipated but lower than last month’s 8.3%, according to newly released economic data. The Federal Reserve’s future policy, will be informed by the key consumer report, including interest rates, which reveals that inflation is slowing. However, it is reported to be more slowly than anticipated. This could lead to more interest rate increases from the central bank very soon. After two months of decline, data from the Producer Price Index (PPI) published yesterday showed that the rate of PPI inflation was 8.5% through September, up

With the help of blockchain technology, Samsung's Knox Matrix has increased the security of all connected users' personal smart devices.
1 year ago 1 min read

Samsung secures its network’s devices using a blockchain

With the help of blockchain technology, Samsung’s Knox Matrix has increased the security of all connected users’ personal smart devices. The South Korean multinational electronics corporation, Samsung, announced that it will upgrade the security protocols for all of its smart devices using blockchain technology. Its latest blockchain-based security solution for “cross-device experiences” is called Knox Matrix. This indicates that every Samsung device in the network, including smartphones and home appliances, is covered by the security layer. Samsung claims that Knox Matrix will function as each person’s “own private blockchain system,” with the multi-layered blockchain monitoring installed on all of the person’s connected

The First Information Report (FIR) filed on Polygon enables Firozabad residents to file complaints against the police without being concerned that they will be ignored or fabricated.
1 year ago 2 mins read

Polygon to power India’s police complaint portal which fights corruption

The First Information Report (FIR) filed on Polygon enables Firozabad residents to file complaints against the Indian police without being concerned that they will be ignored or fabricated. After the debut of a new police complaint portal that uses blockchain technology to prevent manipulation, the 2.8 million residents of India’s Firozabad district may now be able to sleep a little more soundly. On October 12, co-founder of Polygon Sandeep Nailwal tweeted that the Firozabad police in Uttar Pradesh had begun using the Polygon blockchain protocol to combat local police corruption and crime. The portal, known as the FIR, enables victims