Tag: Blockchain

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Brazilian Voting Authority Might Include Blockchain Tech in Future Elections

The Brazilian voting authority (TSE), has publicly declared it is studying blockchain as a technology that might help the organization in its task of organizing ballots. Celio Castro Wermerlinger, coordinator of modernization of the institution, stated that this decentralized ledger tech was included in a research program called “Elections of the Future.” Brazilian TSE…
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World Gold Council Exec Believes Blockchain Technology Will Bolster Trust in the Gold Industry

The World Gold Council’s (WGC) head of global sales and regional CEO, Joe Cavatoni, explained on Friday that he believes the gold industry will integrate with blockchain technology in order to “help the industry standardize reporting.” Cavatoni spoke about the London Bullion Market Association’s (LBMA) and WGC’s Gold Bar Integrity Programme (GBI) which aims to…
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Tiffany & Co. NFT Sale Sells out, Luxury Jewelry Retailer Rakes in $12.5M in Ethereum

On August 5, 2022, the American luxury jewelry retailer Tiffany & Co. announced that the company’s non-fungible token (NFT) mint called “Nftiff” sold out. Tiffany’s sold 250 Nftiffs for 30 ethereum per Nftiff raking in more than $12.5 million from the sale. The NFTs created by Tiffany’s have to be redeemed by August 12 and…
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Tetris Owner Playstudios to Launch Blockchain Gaming Division and Web3 Fund

Playstudios, a mobile gaming company, has recently announced it is diving into the world of Web3 gaming. The company is launching a blockchain gaming division that will introduce the concept of “rewarded play” to its users, who already enjoy real-world rewards for playing its games. Playstudios will also invest $10 million in Web3 gaming companies.…
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Insta-rally! FLOW token jumps 50% amid Instagram adoption euphoria

FLOW latest price rally has turned it into an “overbought” asset, which could amount to an imminent correction. Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram’s nonfungible token (NFT) features. Insta-made FLOW rally Meta CEO Mark Zuckerberg announced on Aug. 4 that Instagram had expanded its…
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Here’s How Web3 Can Wipe Out Issues the Ticketing Industry Has Faced for Decades

Josh Katz is the chief executive officer (CEO) and founder of Web3 ticketing platform YellowHeart.__________ Web3 first began as a vision of a decentralized internet that allows people to fully own digital items. Sounds simple enough, which is why so many different industries have jumped at the opportunity to make it a reality…. Read More:…
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Despite Crypto Downturn, Developers Continue Contributing to Web3 Communities

Blockchain developers have maintained their contributions to Web3 communities despite the latest market downturn, with Ethereum (ETH) leading the way as the strongest and largest community, according to a recent report by VC investment firm Telstra Ventures. Per the report, blockchains developers’ participation in Web3 communities has largely remained unphased during the recent market meltdown….…
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Polkadot ‘cup and handle’ setup sees DOT price 50% higher by September

DOT could witness an increase in demand after Polkadot’s launch of an intercommunication blockchain tool. Polkadot (DOT) looks ready to extend its ongoing price recovery due to a classic bullish pattern forming on its daily chart. DOT paints “cup and handle” pattern Notably, DOT has been forming a “cup and handle” pattern since mid-June, confirmed…
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Nomad DeFi Bridge Drained of At Least USD 150M in ‘Chaotic’ ‘Decentralized Robbery’

Cross-chain messaging protocol Nomad, which allows users to send and receive tokens between different blockchains, was drained of at least USD 150m after experiencing a security exploit that allowed bad actors to spoof messages. … Read More: Nomad DeFi Bridge Drained of At Least USD 150M in ‘Chaotic’ ‘Decentralized Robbery’  Read more »Pay, Trade, Buy Bitcoin…
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CBOE’s operating expenses spiked 312% due to underperformance of acquired crypto firm

A goodwill impairment from ErisX significantly hurt the company’s GAAP earnings, but otherwise, business results improved from last year. On Friday, Chicago Board Options Exchange (CBOE), the largest options exchange in the United States, announced its second-quarter earnings results. Of particular interest was its total operating expenses, which soared 685% year-over-year from $160.6 million. CBOE…
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