California DMV putting vehicle titles on a subnet is innovation theater
It would be harder than putting VINs on a private subnet, but how about allowing vehicle owners to get zero-knowledge proof of ownership on a public chain?
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FinCEN Chief: US Will Strictly Enforce Anti-Money Laundering In Crypto
The United States Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco said that Anti-Money Laundering (AML) laws will be strictly enforced in the world of cryptocurrencies.On Nov. 15, Reuters reported that Blanco made it crystal clear that cryptocurrency companies engaged in money service businesses will have to comply with AML laws and share information about…
CME Bitcoin Futures Break Open Interest Record — Here’s What it Means
Open interest has surged to a $400 million high this month, while institutional traders are increasing their exposure, not trading Bitcoin. Bitcoin (BTC) institutional investors are banking on a bull run as the latest data shows new records for the top cryptocurrency’s futures markets.As noted by institution-focused crypto analysis company Arcane Research on May 7,…
WordPress content can now be timestamped on Ethereum
A WordPress plugin allows publishers to timestamp content on Ethereum for immutability and copyright protection 3625 Total views 8 Total shares A plugin for the WordPress web publishing platform now enables users to timestamp content on the Ethereum blockchain.The plugin can help with copyright issues, proof of who created a piece of content, and to…
Blockchain Is the Leading Agent in Our Advance Toward Industry 4.0
Digital technologies are entering every aspect of our life at a steady pace. However, according to predictions from Huawei in collaboration with Oxford Economics, the digital economy is expected to comprise 24.3% of the world’s gross domestic product by 2025, giving it an astronomical valuation of around $23 trillion. Among the few innovative technologies leading…
Ark Invest founder Cathie Wood passed on buying the first Bitcoin Futures ETF
She cited an investigation into tax ramifications as one of Ark Invest’s reasons for withholding for now. 1319 Total views 7 Total shares Ark Invest founder and CEO Cathie Wood did not invest in the ProShares Bitcoin Strategy Exchange Traded Fund, or ETF, on opening day, according to Business Insider. Wood said about the ETF’s debut:“No,…
Bitcoin price bounces to $41.5K, but derivatives data shows traders lack confidence
Bitcoin (BTC) briefly reached its lowest level in five months this Monday at $39,650, marking a 42.6% drawdown from the all-time high present on Nov 22, 2022. Some argue that a “crypto winter” has already begun citing the $2.1 billion leverage-long aggregate crypto futures contracts that were liquidated over the past seven days.Bitcoin/USD price at…
Swiss National Bank and BIS complete digital currency proofs-of-concept
The Swiss National Bank and BIS don't want to miss out on possible blockchain-powered benefits for the financial system. The Bank for International Settlements and the Swiss National Bank and are exploring the benefits of implementing a central bank digital currency, or CBDC, using blockchain technology.According to a Dec. 3 announcement, the BIS Innovation Hub…
‘$10K JPGs’ scare away gamers, Animoca’s crypto game streaming plans: Web3 Gamer
Animoca Brands buys streaming platform for blockchain games Hong Kong Web3 gaming giant Animoca Brands (The Sandbox, Revv, Phantom Galaxies), has acquired blockchain-powered streaming platform Azarus for an undisclosed sum. Built around the slogan “streams are not TV,” Azarus allows users to livestream their gameplay while using tokens for incentives and rewards. Animoca Brands says