Bitcoin as the first cryptocurrency is genius in it’s design, it has built in digital scarcity. It has a hard cap of 21 million units and a halving event every 4 years where the bitcoin reward to miners is decreased by half. Bitcoin is a verifiably scarce asset which can be verified and checked on the blockchain. With gold in comparison, which is a scarce physical asset, there is no real way of knowing what the circulating supply is or how much is left to be mined, it is not verifiable. Traditional payment rails processes like ACH (Automated Clearing House) which are centralised and used to transfer money between US bank accounts require sensitive data to use their systems and transferring money across borders with them is costly. Bitcoin does offer an alternative as a payment ra...

It's the year 2035, and the world of blockchain, web 3 and cryptocurrency has changed drastically over the past 15 years. After its emergence in 2020, blockchain technology quickly became an integral part of our lives. In 2021, Bitcoin had a massive surge in value as more people adopted it as a reliable form of currency. The first smart contracts were also released around this time that allowed for secure transactions between users without any third party involvement. This led to an explosion in decentralized applications (dApps) that allowed users to take full control of their data and digital assets while securely interacting with each other online. In 2024, Ethereum launched its own virtual machine - EVM - which enabled developers to create their own tokens on top of Ethereum...

It's the year 2035, and the world of blockchain, web 3 and cryptocurrency has changed drastically over the past 15 years. After its emergence in 2020, blockchain technology quickly became an integral part of our lives. In 2021, Bitcoin had a massive surge in value as more people adopted it as a reliable form of currency. The first smart contracts were also released around this time that allowed for secure transactions between users without any third party involvement. This led to an explosion in decentralized applications (dApps) that allowed users to take full control of their data and digital assets while securely interacting with each other online. In 2024, Ethereum launched its own virtual machine - EVM - which enabled developers to create their own tokens on top of Ethereum...

Money has evolved since it’s invention to help people transfer value. For centuries it has taken physical form, most money today is information and with the growth in technology, globalisation and the internet this has laid the foundations for the ‘internet of money’. Blockchain technology and Bitcoin have emerged as part of the information revolution to serve as a way for us to transfer and store value digitally. The cypherpunks were instrumental in the build up to Bitcoin being invented. Their drive for personal privacy from government and corporations led them to develop through cryptography their own mailing list for private communication in 1991. At their foundation was pseudonymity and the release of the whitepaper by Satoshi Nakamoto introduced a groundbreaking peer to ...

$1 billion of client funds are missing at failed crypto company FTX According to two sources who spoke anonymously to CNBC, at least $1 billion of customer funds have vanished from collapsed crypto exchange FTX. The founder of the exchange, Sam Bankman-Fried, transferred $10 billion in customer funds to his own trading company, Alameda Research. The people told Reuters. A large portion of the money is now gone. One source claimed the missing amount was about $1.7 billion, while another said it might be as high as $2 billion. Although it's already common knowledge that FTX funds customer funds to Alameda, the missing customer funds will be reported here for the first time. According to the two sources, records released last Sunday by Bankman-Fried revealed a major debt. Th...

Six months into the crypto meltdown that’s wiped $2 trillion off the market, people are still talking about the chances of a rebound–a “crypto spring” after yet another “winter.” What’s surprising is that the correction hasn’t been enough to inject more realism into the discussion. What the carnage actually reveals is that most blockchain-enabled crypto businesses need to be rethought and rebuilt from top to bottom. Hopefully, our world of speculators will one day be replaced by pragmatists, who can see the blockchain for what it is: a powerful new technology, but not the new internet. The blockchain has the potential to help shape the future and power progress and growth–just not in the way it’s typically deployed today. What we’ve witnessed is an industry t...

By India Today Web Desk: At present, cryptocurrency and blockchain technology has become the talk of the town and will create employment for the youth because of their high demand. The last few years have been so high-yielding for the crypto industry that many financial institutions started implementing new blockchain technology as their business strategy. According to NASSCOM, by 2030, we are going to witness a massive surge of $241 million in the crypto-tech industry of India. In addition, the pandemic compelled people to tilt towards adopting digital assets such as crypto coins and Non-Fungible tokens. Blockchain is a decentralised technology and is necessary for cryptocurrency transactions. Thus, it is no wonder right now that the number of required skilled employees is increasin...

In an exclusive interview with Finbold, Blockchain Centre CEO Gintautas Nekrosius shared some insights for entrepreneurs to leverage when establishing blockchain-related businesses. He highlighted factors like the importance of engaging industry experts and how to structure your team, as well as the crucial funding aspect. Furthermore, the executive delved into the general cryptocurrency market outlook sharing his opinion on Bitcoin’s (BTC) perceived status as a hedge against inflation. Nekrosius also talked about the future state of the blockchain and the potential impact on the sector from the prevailing bear market. Blockchain Centre has a wide variety of services for those who want to foray into the blockchain, Non-Fungible Tokens (NFTs), crypto spaces. Can you briefly expla...

Dubai is heavily recruiting crypto companies to establish themselves there, but the Middle Eastern nation isn’t quite ready for them. Regulations aren’t clear yet, and getting something as basic as a bank account isn’t a smooth process – at least for now. Dubai's Virtual Assets Regulatory Authority (VARA), a dedicated regulator for the industry, hasn't yet released a comprehensive regulatory framework that companies can use to create or launch products, but officials have assured local companies that it will come by the end of the year, two people told CoinDesk. The regulator, established just seven months ago, has previously issued some guidelines on marketing and advertising for virtual assets. Wealth funds in the wider region, the greater United Arab Emirates, are inves...

The UK has had 3 Prime Ministers in the last seven weeks. Boris Johnson led his party in 2019 to a landslide victory but was driven out of office following a series of scandals relating to the global pandemic in 2022. Liz Truss replaced Boris, and her policies were centred around the biggest raft of tax cuts for half a century. The markets didn’t react well, and Liz Truss only lasted a chaotic 44 days before she handed in her resignation. All of these changes within the UK have had the potential to affect the Blockchain industry in the UK. We’ve written this article to help you understand what impact the political changes are likely to have on the industry going forward. The new Prime Minister in the United Kingdom is now Rishi Sunak. This could be very positive for the blockc...