Blockchain is a system for storing information in such a way that it is difficult or impossible to edit, hack, or trick the system. A blockchain is essentially a digital ledger of transactions that is replicated and distributed across the blockchain’s complete network of computer systems.
As Nigeria positions itself as a leader in technological advancement, the Algorand Foundation has become a key player in the country's blockchain development efforts. With the Nigerian government introducing the National Blockchain Policy in 2023, a framework was established to drive the adoption of blockchain technology across various sectors. The ...
Blockchain analytics firm Nansen has acquired popular non-custodial staking service, Stakewithus, as part of its moves to diversify its product offering. In its press release, the analytics firm claimed that this acquisition marks a significant expansion of its capabilities as it allows users to not only analyze blockchain data and ...
German technology giant Siemens has issued its second set of blockchain-based digital bonds. The bonds, valued at €300 million, are part of the company's move to solidify its position in the distributed ledger market, according to a recent press release. Siemens emphasized that it is building on the success of ...
21.co, the parent company of 21Shares, has launched its Wrapped Bitcoin product, 21BTC, on the Ethereum blockchain. This significant development, announced on September 3, comes through a collaboration with Flow Traders, a leading global market maker. According to the announcement, 21. co's Wrapped Bitcoin (21BTC) is designed with institutional-grade security ...
South Korean tech giant Naver is set to debut its first crypto wallet, Naver Pay Wallet, through a collaboration with the sports-centric blockchain platform Chiliz Chain. The Chiliz team announced in an X post on August 30, 2024, that their blockchain would be the first platform Naver's new wallet supports. ...
Japan’s Prime Minister Fumio Kishida has declared that Web3 and blockchain technology are essential for addressing the country’s societal challenges. He said this during a video address during the ongoing WebX 2024 opening ceremony hosted by Japanese Web3 media firm CoinPost at The Prince Park Tower in Tokyo. Kishida, who ...
Singaporean banking giant DBS has launched a blockchain-based solution that leverages smart contracts to simplify and expedite the distribution of government grants. According to local media reports, DBS completed a pilot project in partnership with Enterprise Singapore and the Singapore Fintech Association (SFA). During the pilot, 27 local fintech firms ...
The team behind Canto, a Cosmos-based Layer 1 blockchain, has announced plans for an upgrade on August 12 to address the network’s prolonged 33-hour outage. The blockchain, which launched in August 2022 and is designed for DeFi applications with Ethereum Virtual Machine (EVM) compatibility, has been offline since August 11. ...
California's Department of Motor Vehicles (DMV) has partnered with the Avalanche blockchain and crypto infrastructure firm Oxhead Alpha to modernize the vehicle title transfer process. In a joint statement, the DMV and Avalanche highlighted that this blockchain integration will transform a traditionally two-week title transfer process into a matter of ...
The African blockchain sector experienced a significant downturn in venture funding during the first half of 2024, according to a recent report from Swiss blockchain venture capital firm CV VC. The report revealed a 74% decline in funding compared to the same period last year, with African blockchain startups raising ...
