Cumulative NFT Sales Among 18 Blockchain Networks Surpass $36 Billion Statistics recorded this week show that the aggregate number of non-fungible token (NFT) sales, settled across more than a dozen different blockchains, has officially surpassed $36 billion. While there are 18 competing blockchains offering NFTs, Ethereum-based NFT sales dominate by more than 75%. While Ronin Continue Reading…
Snoop Dogg Associate Joins Gala Music Board, Death Row Records Steps Closer to Blockchain Commitment After the rap star Snoop Dogg acquired Death Row Records in February, the hip-hop legend explained that he would transform Death Row into a non-fungible token (NFT) label backed by blockchain technology. On Thursday, Snoop’s brand partnership manager Nick Adler Continue Reading…
Arab Federation of Capital Markets Partners With UAE to Launch Blockchain Innovation Challenge United Arab Emirates (UAE)’s Ministry of Economy has joined hands with the Arab Federation of Capital Markets (AFCM) to kickstart a challenge that encourages fintechs to create a know-your-customer (KYC) verification system based on blockchain technology. Trustworthiness of Data on the Blockchain Continue Reading…
Top Diamond Producer De Beers Deploys Blockchain-Based Platform at Scale De Beers, one of the leading diamond-producing companies globally, recently announced the deployment of its blockchain-based diamond source platform at scale. The platform will “enable the provision of provenance information from source to Sightholder to store on a secure blockchain.” Immutable Record of a Diamond’s Continue Reading…
UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm, has announced the launch of a $100 million seed fund that will primarily avail funding to decentralized finance (defi), gamefi, and metaverse projects. Mentoring of Entrepreneurs A United Arab Emirates Continue Reading…
Crypto and Blockchain Firms Constitute 16% of UAE Free Zone’s Record Q1 Company Registrations Crypto and blockchain firms constituted 16% of the 655 new company registrations that were recorded in Q1 of 2022, the Dubai Multi Commodities Centre (DMCC) has said. The surge in crypto-related registrations also coincided with a quarterly period in which the Continue Reading…
Bahrain Central Bank Completes Cross-Border Transfer Test Using JPMorgan Blockchain The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions for customers. Eliminating Continue Reading…
Circle Launches USDC on Flow Blockchain Circle, the operator of USDC, one of the biggest stablecoins by market cap, has launched USDC as a native asset on top of the Flow blockchain. Flow is a blockchain project made to host NFT and game-based initiatives, aiming for low fees and a high volume of transactions. With Continue Reading…
Angular Vs. React: What to Choose For Your Blockchain App? Megha Verma / 01 Feb 2023 Innovative technologies are rapidly evolving, and blockchain is one such out-of-the-box invention. It helps users to transact securely and safely. Hence, the demand for blockchain application development is increasing. And this is when the app development frameworks come into Continue Reading…
Crypto mining saw severe losses last year as prices went south. Several notable players in the space slid into bankruptcy, while others had to take cost-cut measures and shut down branches. This was also reflected in the Canadian cryptocurrency miner Hive Blockchain’s revenue, which halved to $14.3 million in Q3 as compared $29.6 million total Continue Reading…
