Decentralized finance (DeFi), one of the cornerstones of Web3, has grown from being a tech buzzword to becoming a global headline. Combining blockchain technology and cryptocurrencies, DeFi has led some to believe it only has implications within the public blockchain infrastructure. However, industry experts have a different outlook on DeFi:...
Traditionally, financial services are administered by banks and regulators. To save or develop wealth, we usually require a bank to invest our money in interest-paying or dividend-paying assets. Traditional financial services, on the other hand, are becoming increasingly problematic. This is where cryptocurrencies come into play. Why do we need...
In April, the United Kingdom’s Economic and Finance Ministry, also known as Her Majesty’s Treasury, announced its intention to put the United Kingdom at the forefront of technology by bringing stablecoins under the country’s payments regulation — a bold move that looks especially intriguing in contrast to the recent shock,...
A bipartisan group of lawmakers—including the leading Republican on the House Agriculture Committee—has introduced a new bill to regulate developers, dealers, and exchanges working with digital commodities, including stablecoins and, ostensibly, Bitcoin. The Digital Commodity Exchange Act of 2022—which would expand the U.S. Commodity Futures Trading Commission’s regulatory power—is sponsored...
The recent crash of the cryptocurrency market — one in which many consumers lost 50% or more of their investment — has not deterred Assemblywoman Yvonne Lopez from pushing for passage of the Digital Asset and Blockchain Technology Act, legislation for which she is a cosponsor. If anything, it has...
Decentralized finance (DeFi) is booming. But despite the fact that Ethereum (ETH), arguably, the main accelerator of DeFi, achieved its goal of becoming the world’s most programmable blockchain, its widespread usage has also highlighted the network’s greatest weakness –– scalability. Congestion has become commonplace on the network, resulting in high...
Aiming to lead the Web3 space, Google’s cloud division has announced its new team that would be offering services for developers running blockchain applications. This was revealed by Amit Zavery, vice president at Google Cloud,on 6th May adding that “the idea is to make the Google Cloud Platform the first choice...
An ever-increasing number of consumers are turning to stable coins as a way of protecting their wealth against hyperinflation that their native currencies may be prone to. Traditional payment infrastructures can be less effective in some regions. Crypto payments can be the solution for these regions. However, existing crypto payment...
Singapore, Singapore–(Newsfile Corp. – May 2, 2022) – With the latest enhancements and features available on blockchain technology, the vision network is all set to become the world’s very first metaverse-based blockchain infrastructure provider. The robust architecture of the vision network contains distributed nodes through the blockchain that will facilitate...
SEATTLE, April 29 (Reuters) – The world’s first permanent NFT art museum has opened in Seattle, aiming to “pull back the curtain” on blockchain-based digital art. Non-fungible tokens (NFTs) are a type of digital asset that has exploded in popularity recently, with NFT artworks selling for millions of dollars. NFTs...
