How smart regulation can improve the future of blockchain

With extreme positions on both sides, some would have us believe that decentralized technology and regulation are mutually exclusive. As pervasive as that narrative has become, a more evolved view is that both decentralization and regulation are inevitable, so the best results will flow with regulators and innovators coming together. But what will that cooperation look like? At the Stellar Development Foundation, our view is that regulators and innovators will (and should) influence each other, and that means both sides should be prepared to compromise. Let’s start with some honest…

Canada’s Hive Blockchain Technologies approved for Nasdaq listing

While the SEC continues to slow-roll the listing of a Bitcoin ETF, traders on legacy exchanges eager to get some exposure to crypto will soon have another outlet.  In an announcement on Friday, Canada’s Hive Blockchain Technologies revealed that it has received approval to list shares on the Nasdaq stock exchange. Hive currently trades on the TSX Venture Exchange under the ticker HIVE.V, and focuses on both Bitcoin and Ethereum mining. HIVE is excited to announce today that it has received approval to list its common shares on the Nasdaq…

How the NFT market leveraged blockchain tech for explosive growth

It’s fun to talk about nonfungible tokens, or NFTs, because they are the perfect example of how the impact of blockchain technology in people’s lives goes way beyond the financial market. As we could see in hundreds of headlines in the past few months, they have gripped the world’s attention because they are a new manner of interacting with culture, music, sports and the media. This article will clarify what NFTs are, how they work, how the NFT boom started, and why blockchain technology has made it possible for NFTs…

We’re “on the cusp of” a blockchain and NFT-enabled metaverse

One of the most powerful men in tech thinks that the metaverse — a term for a series of interlinked, persistent virtual worlds with self-contained economies — is just around the corner.  One of the most exciting use cases for blockchain and NFTs, enthusiasts inspired by Neal Stephenson’s Snow Crash have long been hoping for a VR/AR world with a crypto-powered internal market. Now, however, Nvidia CEO Jensen Huang thinks the technology to make it happen is on our doorstep. Speaking at the virtual Computex conference, Huang said that he…

IBM contributes blockchain platform code to Hyperledger to drive enterprise blockchain adoption

The global blockchain technology market size is projected to reach $72 billion in the next five years. In order to ensure this growth, however, blockchain solution providers must continue to advance and innovate.  For example, public enterprise blockchain use has become an ongoing trend this year as companies like ConsenSys aim to drive adoption for open, permissionless networks. On the flip side, it’s important to point out that private blockchains are still being leveraged by enterprises and will continue to be utilized as innovation continues. Advancing open, permissioned blockchain networks Most…

Google reversing crypto ads ban a testament to blockchain market maturity?

The term “unpredictable” has almost become synonymous with the crypto industry at this point, as was on full display recently when technology juggernaut Google decided to un-ban digital asset exchanges from using its advertisement services after a lengthy period of almost three years.  In this regard, a policy update blog released by the firm stated that come Aug. 3, it will once again allow crypto exchange and wallet operators to advertise “those products and services that are certified by Google.” In terms of the requirements that exchanges looking to advertise…

Bitcoin miner Poolin immortalizes El Salvador’s BTC adoption on the blockchain

As is par for the course for Bitcoin (BTC), El Salvador becoming the first nation-state to adopt the cryptocurrency as legal tender is now immortalized on the blockchain. Data from blockchain explorer service Blockchair shows block 686,938 bearing the message “asamblea aprueba la ley bitcoin” — meaning “assembly approves Bitcoin law” — which is the front-page headline carried by El Salvadoran daily Diario El Salvador on Wednesday. Esta es la portada de #DiarioElSalvador de este miércoles 9 de junio del 2021. #DiarioES #DES pic.twitter.com/D2tgNG2TPK — Diario El Salvador (@elsalvador) June 9,…

Chinese government agency issues blockchain development roadmap

China’s Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology (MIIT) have identified four essential application areas for blockchain adoption. The MIIT’s five-point agenda for blockchain adoption is part of a document issued on Monday detailing guiding opinions to accelerate the promotion of the emerging technology for industrial development. As previously reported by Cointelegraph, China’s President Xi Jinping previously called for rapid blockchain adoption back in October 2019. Presenting its argument for blockchain adoption, the MIIT document describes the novel technology as “an important…

Oh baby! Tracking IVF progress on the blockchain

Enterprise blockchain VeChain, in partnership with Shanghai’s Renji Hospital, has announced the launch of a smart medical care project dubbed “MyBaby” — a blockchain-based In-Vitro fertilization (IVF) service application. The project also includes collaboration with Vechain partner DNV — with the latter working with VeChain to provide supply chain governance along with product and digital assurance for the project. Vechain, a supply-chain management and smart contract platform said in a post that MyBaby is the “first service” to combine third-party IVF data with blockchain technology: “The cryptographically secured properties of…

Security tokenization may be the next big use case for blockchain tech

Is tokenization of securities the way of the future? In an interview with Raiffeisen Bank International, the bankers leading its blockchain research hub stated that indeed, by 2030, most securities will have been tokenized. To gain a deeper understanding of how blockchain technology can transform traditional stock exchanges, Cointelegraph Research compiled a dataset of all security token offerings and found that almost $5 billion was raised in 2020.  Cointelegraph’s first report on security tokens explains how bond and stock tokenization works, how many assets have already been tokenized, what returns…