Category: Blockchain Technology

Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT

Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT

Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform has been announced as an alternative to SWIFT, which is unavailable for some Russian banks. Rostec Employs Distributed Ledger Technology to Substitute SWIFT Russian state-owned corporation Rostec has built a […]

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JPMorgan CEO Jamie Dimon to Shareholders: Decentralized Finance, Blockchain Are Real

JPMorgan CEO Jamie Dimon to Shareholders: Decentralized Finance, Blockchain Are Real

JPMorgan Chase CEO Jamie Dimon sees decentralized finance (defi) and blockchain as real, new technologies that can be deployed in both private and public fashion. He also noted that JPMorgan is at the forefront of this innovation. JPMorgan’s Jamie Dimon Praises Defi and Blockchain JPMorgan CEO Jamie Dimon recognized the merit of decentralized finance (defi) […]

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Fed Governor Says ‘Blockchain Is Totally Overrated,’ Claims Crypto Is ‘Just Electronic Gold’

Fed Governor Says ‘Blockchain Is Totally Overrated,’ Claims Crypto Is ‘Just Electronic Gold’

The American economist and member of the Federal Reserve Board of Governors, Christopher Waller, believes blockchain technology is “totally overrated,” even though the U.S. central bank “put a lot of resources into understanding digital currencies and the blockchain.” On Friday, Waller spoke during a panel that discussed central bank digital currencies (CBDCs) and said that […]

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Just-In: LG Electronics Adds Crypto Assets And Blockchain In Its Corporate Charter

LG Electronics Inc. has announced adding crypto assets and blockchain technology among new areas in its corporate charter at its Annual General Meeting (AGM) held on Thursday, March 24. With the crypto and blockchain business areas, the company aims to start brokerage and trading of crypto-assets, and blockchain-based software development and sales. LG Electronics Enters […]

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Florida Governor Ron DeSantis Says State Is ‘Figuring out Ways’ to Allow Businesses to Pay Taxes in Bitcoin

Florida Governor Ron DeSantis Says State Is ‘Figuring out Ways’ to Allow Businesses to Pay Taxes in Bitcoin

Florida governor, Ron DeSantis explained at a press conference on Tuesday that he’s spoken with state agencies and told them to figure out ways for businesses to pay tax with cryptocurrencies. During the signing ceremony for a bill focused on financial literacy, DeSantis said that the government is working on accepting bitcoin “for payments in […]

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Russian Social Media Network Vkontakte to Introduce NFT Support

Russian Social Media Network Vkontakte to Introduce NFT Support

Russia’s largest social media network, Vkontakte, has announced it’s going to introduce support for blockchain and NFTs. The crypto technologies will be incorporated into the platform’s scheme for monetization of user content and copyright protection. Vkontakte to Facilitate Use of Non-Fungible Tokens The leading Russian social media platform, Vkontakte, intends to utilize blockchain technology and […]

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Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market

Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market

The Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club of nations that want to take advantage of having a sovereign coin, while it also seeks to implement blockchain technology in other areas. Iran to […]

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Disney gets patent approval for theme park metaverse

Global entertainment giant Disney had a metaverse patent approved during the last week of 2021. The company will utilize technology that provides personalized metaverse experiences to tourists in its physical theme parks. Multinational entertainment giant Disney recently announced the approval for a patent to provide metaverse functionalities in its theme parks.  Essentially, the firm will […]

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Vitalik Buterin proposes “Multi-Dimensional EIP-1559” to solve sub-optimal gas fees on Ethereum

Vitalik Buterin, co-founder and lead developer at Ethereum, has proposed what he calls the “multi-dimensional EIP-1559” to solve transaction cost issues. The proposal is pending approval by the community, whose attendance at the moment is directed to the upcoming ETH 2.0. Once again, the lead developer of the Ethereum network, Vitalik Buterin, has offered his […]

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Expected Potential Investments in the Cryptocurrency Market for 2022

The Cryptocurrency market has opened the gate of opportunities for all. People worldwide have commenced adopting cryptocurrency, and governments have understood the importance of crypto. Some economic analysts expect a change in crypto in months as 2022 institutional enters the marketplace. Bitcoin (BTC) fee prediction is a precarious affair with the host of analysts and […]

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