Author: bitcrypto.io
Blockchain adoption quietly increases When blockchain entered the corporate arena, it was one of the most hyped technologies ever. This initial enthusiasm proved to be a double-edged sword, as early adoption was driven by novelty rather than strategic value, leading to misaligned expectations and objectives and a lack of consideration for its appropriateness in specific use cases or industries. According to a recent report by GlobalData, as the hype around blockchain subsides, adoption is quietly increasing, focusing on practical benefits and efficiency gains rather than technological novelty. This shift from complete overhauls to narrower but clearer industry-specific applications, often developed…
Circle, a prominent player in the cryptocurrency space, has announced its decision to discontinue support for the USD Coin (USDC) on the Tron blockchain, effective immediately. The decision, which is part of Circle’s commitment to maintaining USDC as a trusted and transparent stablecoin, will see support for the Tron blockchain. Circle will stop minting USDC on the Tron blockchain immediately, and by February 2025, it intends to fully phase off support for the network. The company said it regularly evaluates the viability of different blockchains within its risk management framework, but it did not provide any specific explanations. This decision…
Like all relatively recent innovations, blockchain networks have suffered from plenty of hype, scandal and mistrust. But with the technology having demonstrated its functionality, robustness and utility, it now just needs regulatory standardization and safeguards to bring the wider public on board As the crypto winter thaws, and financial institutions renew their interest in digital assets, an old debate has re-emerged over whether blockchain is truly a “trust machine”, as The Economist described it in 2015. A figure from 15th-century Venice can help answer that question. Though he was neither a technologist nor a banker, the friar Luca Pacioli is remembered today…
In a notable development, Advanced Micro Devices (AMD), a prominent semiconductor developer, is expanding its presence into the Web3 space by introducing enterprise-grade hardware accelerators to bolster blockchain interoperability. This strategic move comes through a collaboration announced on February 21st between AMD and Wormhole, an interoperability platform renowned for powering multichain applications and bridges at scale. AMD set to enhance blockchain interoperability These deployments will enable trustless message-passing between blockchains, including Ethereum, Near, Solana, Aptos, Sui, and Cosmos. By integrating zero-knowledge cryptography with enhanced computing power, the collaboration aims to fortify the security of blockchain transfers while reducing reliance on…
Stellar Development Foundation activates Protocol 20 and smart contracts on its network, enhancing scalability and efficiency, and marking a milestone in growth. Mainnet Upgrade to Protocol 20 On February 20, the Stellar Development Foundation (SDF) announced a significant upgrade to the Stellar network with the validators’ vote to adopt Protocol 20. This marks the introduction of smart contracts to the network, a technological advancement that is poised to enrich Stellar’s ecosystem notably. Phased Rollout of Smart Contracts The implementation of smart contracts, known as Soroban, will occur in stages to ensure the network’s performance, security, and stability are not compromised. This measured…
In the dynamic landscape of cryptocurrency, a new player has emerged as a potential game-changer. BlockDAG, a global blockchain sensation, is gaining significant attention as it outshines competitors Meme Kombat and Pepe Coin, showcasing an impressive 5000x profit potential. Investors and enthusiasts alike are closely monitoring the rise of BlockDAG, which has swiftly become a focal point in the crypto market. The decentralized nature of BlockDAG, coupled with its robust architecture, has led to heightened speculation regarding its profitability. BlockDAG’s ascent has sparked discussions among financial experts, with many highlighting its innovative approach to blockchain technology. The cryptocurrency, based on…
The main event in the world of cryptocurrencies, mining, and web3 – Blockchain Life 2024 will take place in Dubai on October 22-23. It is expected that more than 8000 people from 140 countries will attend the forum – founders of the largest companies, industry leaders, and hundreds of young projects. Attendees will have the opportunity to hear the opinions of leading experts on current market trends and ways of earning, as well as take part in discussions, exchange experiences, and find new opportunities for development in the field. Join the community of crypto leaders at Blockchain Life 2024!Purchase tickets…
Blockchain stocks stand on the cusp of a revolutionary leap, leading the digital era forward. Beyond Bitcoin’s (BTC-USD) 94% surge in the last six months, blockchain is reshaping industries with unparalleled transparency and efficiency. With its market value expected to soar from $4.8 billion in 2022 to $2.3 trillion by 2032, blockchain presents a compelling investment opportunity. Moreover, blockchain’s potential to boost the global GDP by more than $2 trillion by 2030 underscores its economic significance. Amidst this backdrop, the real value of blockchain technology extends far beyond the immediate allure of cryptocurrencies. It heralds a new chapter in digital…
Payment leaders actively investigating blockchain’s potential find business-to-business (B2B) payments to be the most promising application, a Ripple survey published Tuesday showed. The survey, conducted in partnership with the US Faster Payments Council, found that more than 40% of those experimenting with crypto domestically are considering B2B applications. Additionally, 37% of those already using crypto payment products have a B2B use in mind. Peer-to-peer (P2P) payments rank as the second most popular use case among individuals testing or using cryptocurrency, accounting for 20% of preferences. Companies experimenting with or implementing blockchain technology, beyond just crypto, demonstrate broader adoption preferences. Among these organizations, both P2P and…
Sony may be looking at new ways to put blockchain technology to good use. The corporation filed a patent application for “fake video detection using blockchain.” Sony’s tech uses AI image analysis and “image fingerprinting” to determine when a video has been altered or faked based on an original. “Modern digital image processing, coupled with deep learning algorithms, presents the interesting and entertaining but potentially sinister ability to alter a video image of a person into the image of another person,” Sony said in the filing. This tech aims to solve this issue by determining when a video is genuine…
