Visa has launched the pilot program with payment and crypto platform Crypto.com and plans to offer the option to more partners later this year.
The London-based start-up said its latest cash injection was led by DST Global, Lightspeed Venture Partners and VY Capital. It comes just one month after the company raised $120 million at a $3 billion valuation.
Distributed ledger technology (AKA blockchain) is catalyzing a long-term shift of trust in distributed business environments worldwide. Chained data blocks make assets traceable, cryptography enables trusted ownership, and consensus algorithms realize distributed business consistency.
India is reportedly moving forward with a sweeping ban on cryptocurrencies. According to Reuters, the country’s legislature will introduce a bill that criminalizes trading, mining, issuing, transferring, or possessing cryptocurrency.
Blockchain has been one of the most talked-about tech trends of the last few years. As with many other trends that were important before the pandemic hit, it didn’t make as many headlines in 2021 as it has done previously.
The 21st century has set the premise for today’s disruptive digital economy, where creating and broadcasting digital content has become commonplace thanks to mobile devices and social platforms, created and published at a large scale.
Malicious hacking has become a pernicious and dogged fact of life for more organizations, and it’s a threat that has seemingly grown more complicated and sophisticated over time.
Bitcoin prices have experienced a notable recovery lately, climbing after falling to nearly $43,000 yesterday afternoon.
Grimes auctioned off a collection of digital artwork for millions of dollars. The singer launched her digital collection, “WarNymph,” on Sunday and plans to sell the crypto art for 48 hours.
In 2020, the trade volume of the non-fungible token (NFT) market surpassed $250 million, a four times increase from 2019, while the market capitalization of the nascent industry of tokens representing an array of items, including artwork and game collectibles, reached $338 million, according to a report published today with the help of independent BNP Paribas subsidiary, L’Atelier.
Elon Musk, the billionaire chief executive of electric car-maker Tesla, has said he thinks the soaring cryptocurrency bitcoin is on “the verge” of breaking into traditional finance. Musk, who revealed last month he is open to being paid in bitcoin, made the comments during a wide-ranging interview on the app Clubhouse that also covered manned missions to Mars and Musk’s implantable brain–machine interface Neuralink.
Following the U.S. Capitol riot last week, the Big Tech leaders simultaneously de-platformed President Trump. Twitter followed suit by suspending 70,000 accounts associated with the far-right QAnon conspiracy theory group. Parler, the social media platform billing itself as a “free-speech paradise” was the next target as Apple and Google banned the mobile app from their app stores and Amazon Web Services stopped hosting Parler’s website.
Bitcoin has exploded since October, climbing from its long-time $10,000 per bitcoin support level to never-before-seen highs of almost $35,000.
The potential of blockchain technology to disrupt nearly every industry in some way cannot be dismissed even though there are still several hurdles to overcome before we see its full transformative impact.
Blockchain technology promises to revolutionise many aspects of how we do business and, if you believe the blockchain hype (of which there is plenty), may even be as disruptive as the internet was before it.