Browsing:Blockchain

Bank of England CBDC
1 year ago 1 min read

The Bank of England is accepting applications for a ‘proof of concept’ CBDC wallet

The Bank of England has announced that they are now accepting applications for a “proof of concept” Central Bank Digital Currency (CBDC) wallet. This wallet is expected to be able to perform fundamental functions such as transacting value and requesting payments, with a budget of approximately $255,000 allocated to the project. The proof-of-concept wallet was set out with the expectation that it would provide basic features such as signup, details updating, balance and transaction viewing, notifications, CBDC loading and unloading, peer-to-peer payments via account ID or QR code, and the capability to make online payments to businesses. The goal of

Bybit crypto exchange
1 year ago 1 min read

Customers can verify Bybit’s crypto reserves, says the crypto exchange team

Last week, Bybit unveiled a new system that will enable its customers to check that the crypto assets the exchange platform holds are accurate. Utilizing Merkle Trees, a type of data structure for on-chain verification, Bybit’s proof of reserves system allows customers with funds on the platform to verify that it holds 100% of their assets. Using a Merkle Tree-based system, customers of Bybit can now analyze the platform’s reserve ratio to confirm that it holds enough assets to cover the balances of its users. This security measure has been implemented in the wake of the FTX collapse and is

World Cup is more exciting with Welcome bonus up to 5,000 USDT from Coinplay
1 year ago 4 mins read

World Cup is more exciting with Welcome bonus up to 5,000 USDT from Coinplay

Willemstad, Curaçao, 12th December, 2022, Chainwire Coinplay is a licensed crypto sportsbook which gives an opportunity to the player to place a bet with more than 40 cryptocurrencies. Players from across the globe can have access to the large number of odds provided at the Coinplay platform and after a detailed study, a bet can be placed. A player can also place his bet with 5 different cryptocurrencies at a single time from one account. The FIFA World Cup is going on and the group stage is over and we are now entering the knockout stage of the tournament. Coinplay

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

Pillar, Non-Custodial Crypto Wallet, Released An Updated Version
1 year ago 2 mins read

Pillar, Non-Custodial Crypto Wallet, Released An Updated Version

London, United Kingdom, 10th December, 2022, Chainwire Pillar’s latest release for its non-custodial cryptocurrency wallet ships with a sophisticated recovery mechanism that protects user funds without compromising security. Other game-changing updates include in-app cross-chain swaps and meta-transactions, which allow users to pay for gas fees on any chain with stablecoins housed on any other chain. The security that is a major benefit of non-custodial wallets is also a user’s main risk. Should they lose their private or public key, there is no other way to regain access to the wallet. People often lose access to their funds because their private key

Huobi exchange
1 year ago 6 mins read

HUOBI ANNOUNCES PARTNERSHIP WITH TAFABOT

Dubai, United Arab Emirates, 9th December, 2022, Chainwire Revolutionary Artificial Intelligence trading and portfolio management company, Tafabot, has partnered with China’s leading Crypto exchange company, Huobi, to provide automated trades to crypto enthusiasts.  What started as an idea during the COVID19 lockdown in 2020, is today one of the leading solutions in the crypto industry today. Having been in the beta phase for nearly 2 years, Tafabot finally went live on September 12th 2022 on the iOS and Google App Stores.  The automated non-custodial trading bot has its operational headquarters in Dubai, United Arab Emirates, With across-border utility to serve

SILK Is Now Available for Trading on LBank Exchange
1 year ago 4 mins read

SILK Is Now Available for Trading on LBank Exchange

INTERNET CITY, DUBAI, 9th December, 2022, Chainwire LBank Exchange, a global digital asset trading platform, has listed SILK on December 9, 2022. For all users of LBank Exchange, the SILK/USDT trading pair is now officially available for trading. As the first web3 esports with earnings, Spider Tanks enables players to earn for their play through its complex and brilliantly designed reward economy. Its native token SILK was listed on LBank Exchange at 13:00 UTC on December 9, 2022, to further expand its global reach and help it achieve its vision. Introducing Spider Tanks Spider Tanks is a blockchain-based PVP brawler created

DappRadar’s Latest Industry Report
1 year ago 3 mins read

DappRadar’s Latest Industry Report Highlights Resilience in Blockchain Activity Against FTX Collapse

Kaunas, Lithuania, 8th December, 2022, Chainwire Latest dapp industry report by DappRadar, the global dapp store, highlights the strong resilience of the blockchain industry that was hampered by a series of negative events over the last month, including the collapse of the FTX exchange and a rise in hacks, scams and exploits related to the decentralized finance industry. One would assume these events would lead to a flood of users exiting the crypto space, but DappRadar’s November Industry Report instead underscored the doggedness of the industry sector that has become familiar with negative news. In November, the number of daily unique

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

FTX Digital Assets Hearing
1 year ago 1 min read

Sam Bankman-Fried declares his intention to appear before a congressional committee to give testimony

SBF stated that he is willing to testify before the House Committee on Financial Services in Washington, D.C. next Wednesday despite not having access to his data. He Tweeted, “Though I won’t be as helpful as I’d like, the committee still finds this useful, so I am willing to testify on the 13th.” In a tweet thread, he apologized and promised to provide details on FTX US’s solvency and pathways that could return value to international customers, as well as what he believes caused the crash and his own missteps. He admitted, “I had thought of myself as a model

Polygon Matic
1 year ago 1 min read

Polygon (MATIC) explained in simple terms

Polygon (formerly known as Matic Network) is a blockchain platform that provides a suite of tools and services for building and deploying decentralized applications (DApps). Polygon is designed to be an easy-to-use and scalable platform that enables developers to quickly and efficiently build and deploy DApps on the Ethereum network. Polygon uses a hybrid proof-of-stake and proof-of-authority consensus mechanism, which allows for faster and cheaper transactions than other networks. The platform also offers a range of services, such as security audits, developer tools, and community support, to help developers build and launch DApps on the Polygon network. Overall, Polygon is

Ethereum explained easily
1 year ago 1 min read

Ethereum explained in simple terms

Ethereum is a decentralized, open-source blockchain platform that enables users to create and deploy decentralized applications (dApps). It utilizes a distributed public blockchain network, which enables users to securely transfer digital assets and store data. Ethereum is powered by its own cryptocurrency, Ether (ETH), which is used to power the Ethereum network and pay for transaction fees. Furthermore, Ethereum is the foundation for many other decentralized networks, such as EOS, Cardano, and Tron. Ethereum enables developers to build and deploy smart contracts, which are computer programs that can be used to manage digital assets and other functions on the Ethereum

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