Blockchain News

El-Salvador`s-financial-analysis-by-Nayib-Bukele
El Salvador`s financial analysis by Nayib Bukele

A financial analysis of El Salvador’s economy has been done by Bank of America. President Bukele has emphasized the study. El Salvador’s tax revenues are up 2.7pp of GDP. The President of the Republic of El-Salvador, Nayib Bukele, emphasized the financial study conducted by Bank of America, which, in the president’s perspective, is the only one most closely tied to El Salvador’s reality. According to a recent assessment by Bank of America, the world’s second-largest bank holding corporation, the Salvadoran government has proved its ability to manage in the next years without going bankrupt. “The government appears to be able

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Revolut to Provide Crypto Services in The UK
Revolut to Provide Crypto Services in The UK

Revolut was added to the UK financial regulator’s crypto asset business registry. FCA was designated as the United Kingdom’s anti-money laundering and counter-terrorism financing body.  Crypto asset enterprises were forced to register in order to be approved to offer their services in the UK. Following a protracted wait, European fintech startup Revolut has finally received registration from the United Kingdom’s Financial Conduct Authority (FCA) to offer crypto services in the United Kingdom.  On September 26, the digital banking service, which is valued at $33 billion, was added to the UK financial regulator’s crypto asset business registry. European digital bank Revolut

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Interpol Requests Global Arrest of Terra’s Do Kwon
Interpol Requests Global Arrest of Terra’s Do Kwon

Interpol seeks worldwide arrest to Terra’s co-founder Do Kwon. Seoul Prosecutors said Kwon was “obviously on the run.” Reportedly, Kwon was charged with the collapse of Terra’s ecosystem. The International Criminal Police Organization (Interpol) sent out a “Red Notice” request to law enforcement all over the world in order to “locate and arrest” Terraform Labs founder Do Kwon. According to an article published by Bloomberg, South Korean prosecutors in Seoul sent them a text message, confirming the international police organization’s issuance of a Red Notice for Kwon. Thus, acknowledging the charges Kwon faces in the country corresponding to Terra’s downfall.

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Chainlink-Oracle-Services-Build-Advanced-Smart-Contracts
Chainlink Oracle Services Build Advanced Smart Contracts

The chainlink oracle services support the development of smart contract industries. Price feeds help to manage assets in real market conditions. Trading in cryptocurrencies can be volatile and unpredictable. The Chainlink Network provides a variety of oracle services to smart contract developers, including external data and complex computing capabilities, which help their projects get off the ground faster. The Chainlink oracle services are intended to support the development of new smart contract industries. For example, Chainlink’s Price Feeds enable Defi applications. This helps to manage assets based on real-time market conditions. Chainlink’s Verifiable Random Function (VRF), on the other hand,

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Unlocking the Full Potential for Blockchain Technology

Blockchain.com makes it easy for everyone to use blockchain technology. Platforms like BitPay allow users to pay for goods and services with cryptocurrency. When blockchain is more user-friendly it is essential to unlock its full potential. We can unlock the full potential of blockchain technology when we make it easier to access and easier to use. This may be the main reason why Blockchain.com was developed. It is a digital asset platform that makes it easy to access and use blockchain technology. With this platform, users can buy, sell, and store digital assets such as Bitcoin, Ethereum, and Litecoin. In

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SoFi-Launched-Two-ETFs-to-Fund-Blockchain-Tech,-NFTs,-and-Metaverse
SoFi Launched Two ETFs to Fund Blockchain Tech, NFTs, and Metaverse

SoFi launches Web3 ETF and a Smart Energy ETF. The ETFs were designed to make it easier for people to invest in Web3 and clean energy. The fund was set to invest in crypto exchanges and bitcoin miners. SoFi, an American-based online financial services firm, plunged into crypto-related exchange traded fund (ETF) fray and launched funding for blockchain technology, NFTs, and the metaverse. The firm’s ETFs, called SoFi Web 3 ETF (TWEB) and SoFi Smart Energy, convey a management expense ratio of 59 basis points. It also tracks the SoFi Solactive ARTIS Web 3.0 and was arranged to invest in

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Xiaomi Files Patent to Develop Blockchain Virtual Characters
Xiaomi Files Patent to Develop Blockchain Virtual Characters

Tech giant Xiaomi files a patent related to blockchain technology. The patent allows the creation of unique and non-replicable virtual characters. Some suggest that these virtual characters will be the main attraction in a metaverse world that Xiaomi will create. Xiaomi, a China-based tech and phone company, will launch a new patent that applies blockchain technology for the development of its own virtual characters.  The company has just recently revealed the patent, even though it was introduced in January 2022 in China. The patent was titled “Virtual Character Processing Method, Device and Storage Medium.”  Xiaomi is a Chinese company that

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ConsenSys-Partners-With-Oasys-for-Blockchain-Gaming
ConsenSys Partners With Oasys for Blockchain Gaming

ConsenSys has partnered with blockchain network Oasys. The partnership will focus on providing infrastructure support for blockchain gaming. Yield Guild Games (YGG) is also taking an active role in the partnership’s success. ConsenSys has revealed its partnership with Oasys, a blockchain network created specifically for gaming. The collaboration seeks to “build better network infrastructure” for blockchain gaming. Oasys detailed the scope of the partnership in a Medium post. For instance, ConsenSys will offer infrastructure support to the Oasys network through a number of services including MetaMask. On the other hand, ConsenSys can benefit from the collaboration due to the potential

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Pantera Capital CEO: Huge Blockchain Rally Incoming
Pantera Capital CEO: Huge Blockchain Rally Incoming

CEO of Pantera Capital Dan Morehead predicts a “massive rally as investors flee stock, bond, and real estate markets” for crypto. Morehead said BTC price swings will become moderate as the market becomes larger. However, the CEO said BTC “won’t see the 100x rallies anymore either.” The chief of a major American hedge fund thinks that Bitcoin (BTC) won’t be seeing a massive bear or bull market from now on. This means that the largest cryptocurrency’s movement will be less volatile moving forward. Pantera Capital CEO Dan Morehead shared his views about the major Bitcoin price cycles in a blog

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CME Group’s Micro BTC, Micro ETH Futures Now Live
CME Group’s Micro BTC, Micro ETH Futures Now Live

CME Group has launched micro bitcoin and ether options. Micro bitcoin and micro ether are 1/10 the size of one bitcoin and ether respectively. These options should provide traders with ways to manage their exposure to the top assets. On Monday, CME Group announced that their options on micro bitcoin and micro ether futures are now available. According to the company, this is to help people “manage cryptocurrency price risk.” CME’s Micro Bitcoin futures (MBT) and Micro Ether futures (MET) are both 1/10 the size of one BTC and one ETH respectively.  CME Group Inc. (Chicago Mercantile Exchange) is the

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Axie Infinity Records Largest DeFi Hack of $600M
Axie Infinity Records Largest DeFi Hack of $600M

Ronin has suffered a hack of 173,600 Ethereum and 25.5M USDC. As of today, users are unable to transact with Ronin bridge and Katana Dex. The team assured that no user’s funds were lost and their tokens are now safe in Ronin. Sky Mavis’ Axie Infinity, a popular NFT blockchain game, was the newest victim of a crypto hack. The hackers managed to steal around $625 million worth of Ethereum and USDC cryptocurrencies, making it the largest decentralized finance (DeFi) hack of all time. According to Ronin’s News blog, Ronin Network’s security has been breached. The hack amounted to around

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BNY Mellon: Blockchain to Soak $120T From Capital Markets
BNY Mellon: Blockchain to Soak $120T From Capital Markets

BNY Mellon’s Michael Demissie said that more than $120 trillion from the capital markets will move to blockchain. Demissie is the Head of Digital Assets Unit and Advanced Solutions Group of BNY Mellon. Last month, BNY Mellon revealed that it will begin offering crypto custody soon. Michael Demissie of BNY Mellon made bold predictions about the blockchain industry, claiming that over $120 trillion from the capital markets will “be moved to a blockchain” in a span of 10 years. Demissie, Head of Digital Assets Unit and Advanced Solutions Group of BNY Mellon, said his declaration during the Forbes Digital Assets

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