Browsing Category
Blockchain
Chip Giant Intel Abandons Bitcoin ASIC Production
After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a…
Sempo Delivers Cash Aid for the Unbanked in Crisis
Digital money is becoming the go-to vehicle for serving people in humanitarian crises. But when disaster victims have no smartphones or bank accounts, aid organizations have to distribute cash more creatively. That’s why Sempo is one of…
BTQ Prepares Today to Defend Against Tomorrow’s Quantum-Computing Threat
Blockchains face existential peril from super-fast computers that can break the encryption protocols on which crypto depends. Quantum computers aren’t here yet, but if developers wait to devise defenses the fight will be over before it’s…
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore,…
Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud
On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong…
Chia Network Files for IPO With the SEC, Eyes Public Listing
On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company,…
Solana’s Crypto and Web3 Smartphone ‘Saga’ Available to the General Public on May 8
Solana’s cryptocurrency and Web3 smartphone, Saga, will be available for purchase on Monday, May 8, 2023. Crafted by OSOM, the Android smartphone is designed specifically for Web3 applications and enables users to self-custody crypto…
Mastercard Launches NFTs to Support Emerging Musicians Through Web3 Technologies
According to Mastercard, the payments giant has launched non-fungible tokens (NFTs) that grant access to the Mastercard Artist Accelerator program, designed to support emerging musicians. Developed in collaboration with Polygon, the NFT…
Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple
Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone…
Binance US to Delist Tron and Spell Tokens Amid Heightened Regulatory Pressure
According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by…