LONDON, May 2, 2023 /Finance/ — Whether or not you should hold on to XRP is a decision that only you can make. You should consider your own financial situation, risk tolerance, and investment goals before making a decision. Continue reading
Tag Archives: Cryptocurrencies
AI did not kill the Metaverse
May 1, 2023 /Technology/ — The likely reasons for the Metaverse losing its shine is that there is a new kid on the blockchain. And if you’re always chasing shiny new objects, this latest one is in many ways more impressive as it’s much easier to play with. Even as the Metaverse appears to be losing its lustre for fans, AI (Artificial Intelligence) is not turning into a niche platform. It is a mainstream technology that is already being used in a variety of industries. In fact, the global AI market is expected to reach $390.9 billion by 2025. Continue reading
Bluesky will enable AI to interact with humans in a social way.
28 April 2023 /Internet/– Bluesky is an open-source, decentralized social media protocol being developed by a team of engineers and designers led by Jay Graber. The project was announced in 2019 by Jack Dorsey, the co-founder and former CEO of Twitter, who is also a founding member of Bluesky.
Bluesky is a Web 3 project. Web 3 is the next generation of the internet, built on blockchain technology. It is designed to be more decentralized, secure, and transparent than the current web. Continue reading
Vechain Launches VORJ – The ‘Web3-as-a-Service’ Platform Eliminating Barriers to Blockchain Adoption
Vechain has officially launched VORJ, a no-code ‘Web3-as-a-Service’ platform designed to revolutionise the blockchain development experience. Launching free-to-use, VORJ offers a simple ‘click-configure-deploy’ interface that drastically expedites the building process for developers and businesses, with users able to deploy tokens, NFTs and smart contracts without fees, irrespective of technical expertise. Continue reading
The Swiss financial industry has successfully traded and settled tokenized investment products
For the first time, key players in the Swiss financial industry successfully developed and tested a novel settlement mechanism for tokenized investment products on a public blockchain testnet infrastructure. A smart contract, developed by the Capital Markets and Technology Association (the CMTA), allows for streamlined processes, reduces complexity, raises security, and eliminates counterparty risks from trades. The CMTA’s proof of concept marks a milestone for the Swiss financial industry. Continue reading
Wirex Launches 52 Tokens for Accessing Web3
Wirex, a banking alternative built for Web3, has listed 52 new tokens on their app. The cryptocurrencies will provide their 5 million customers straightforward access to the benefits of DeFi. Continue reading
FTX collapse crushes crypto dreams in Africa and beyond
- FTX’s bankruptcy hurts small investors across the world
- Young African crypto backers fret about damage to sector
- Regulators repeat warnings about risks of crypto dealing
LAGOS/BANGKOK – Days before his FTX cryptocurrency exchange collapsed, co-founder Sam Bankman-Fried tweeted “Hello, West Africa!” – his latest nod to a region where a growing number of kitchen table investors had put their faith, and savings, in FTX.
New Stellar Anchor Platform Bridges Businesses to the Blockchain and to a Global Network of Wallets and Exchanges
Today at Stellar’s 4th annual Meridian conference, the Stellar Development Foundation (SDF), the non-profit that supports the growth and development of the Stellar network, announced the launch of the Anchor Platform, an out-of-the-box solution that makes it easier and faster than ever for businesses to connect to the blockchain. In just three steps, companies such as banks and money transfer operators may access the Stellar network with reduced development cost and time. Continue reading
South African teens skip school to chase risky crypto dreams
- Young South Africans see crypto as way to quick wealth
- Poverty, high unemployment pushes them to crypto
- Users not fully aware of risks, vulnerable to scams
By Kimberly Mutandiro
JOHANNESBURG, Sept 26 (Thomson Reuters Foundation) – John first heard of cryptocurrency three years ago, when the teenager came across slick YouTube videos and Facebook posts of other South Africans claiming to have become wealthy overnight with bitcoin.
As ether adopts energy-saving ‘merge’, will bitcoin follow?
- No. 2 cryptocurrency to adopt energy-saving protocol
- ‘The merge’ could cut ethereum’s power use by 99%
- Move seen piling climate pressure on bitcoin
By Avi Asher-Schapiro
LOS ANGELES, Sept 12 (Thomson Reuters Foundation) – Ethereum, the blockchain underpinning the world’s second-largest crypto token ether, is poised for a software upgrade that will slash the amount of energy it uses – a step that could pile pressure on bitcoin to take similar climate-friendly action. Continue reading