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Google Launches Blockchain Node Engine, Says 'Ethereum Will Be the First Blockchain Supported'
After revealing Alphabet Inc.’s Google Cloud partnership with Coinbase, the multinational technology conglomerate holding company has announced the firm’s “Google Cloud Blockchain Node Engine.” While more blockchains will be supported, Google said that “Ethereum will be the first blockchain supported by Blockchain Node Engine.”
Alphabet Inc., otherwise known as Google (Nasdaq: GOOGL), revealed the firm’s newly launched Google Cloud Blockchain Node Engine on Thursday. The reason Google decided to release the engine is because it believes “self-managed nodes are often difficult to deploy and require constant management.”
The Blockchain Node Engine product is a “fully managed node-hosting service” that can be leveraged by crypto companies and Web3 service providers. The company further detailed on Thursday that the new node engine service will support the second-leading crypto asset network by market cap, Ethereum.
“Ethereum will be the first blockchain supported by Blockchain Node Engine, enabling developers to provision fully managed Ethereum nodes with secure blockchain access,” the tech company said in the recently published blog post. Read More
Payments Giant Visa Files Trademark Application for Crypto Platform, Wallet and NFTs
One of the biggest payment networks in the world is filing a trademark application for a crypto exchange platform as well as other crypto-related products.
According to new documents, payments giant Visa is filing trademark applications to create a digital assets exchange, a crypto wallet, non-fungible tokens (NFTs), and virtual environments where users can interact.
The filing indicates that Visa’s vice president and associate general counsel, Denise Yee, signed off on the application, which was sent to the United States Patent and Trademark Office.
Last month, it was announced that Visa would be collaborating with crypto exchange platform FTX to offer crypto debit cards to customers in over 40 nations with a focus on Europe, Latin America and Asia.
The debit cards, which have already been released in the US, would be linked directly to the accounts of FTX users, allowing them to pay for items and services using virtual currencies. Read More
Self-sovereignty in the creator economy and Web3 — Is there room for both?
NFT Steez chats with Web3 advocate Julie Plavnik to discuss the concepts of self-sovereignty and digital identity in Web3-based creator economies.
On Oct. 28, NFT Steez, a biweekly Twitter Spaces hosted by Alyssa Expósito and Ray Salmond, met with Web3 content writer Julie Plavnik to discuss the importance of self-sovereignty while building a digital identity in Web3.
Plavnik referenced author Gavin Wood when describing Web3 and said that “communication” is a core tenant in the subsequent iteration of the internet. “Web3 is the communication of encrypted channels between decentralized identities,” Plavnik affirmed.
According to Plavnik, the emerging concept of Web3 placed a magnifying glass on user data and ownership, especially concerning the creator economy. Plavnik described the creator economy as a place with “no entry barriers or casting.”
During the show, Plavnik explored how users are coming around to the notion that they can potentially monetize their individuality in Web3, but she also questioned how they could maintain their self-sovereignty. Read More
Binance Will Help Elon Musk Use Crypto to Battle Twitter Bots
The biggest cryptocurrency exchange is creating an internal team to focus on how crypto can help Twitter.
Binance is creating an internal team to help Twitter fight bot accounts using blockchain and crypto, the exchange confirmed to Decrypt on Friday.
The world’s biggest cryptocurrency exchange today announced itself as an equity investor in Twitter, pledging $500 million towards helping bridge social media and news to Web3.
Elon Musk on Thursday completed a $44 billion acquisition of Twitter. The world’s richest man and CEO of electric car company Tesla has repeatedly complained about spam accounts on the social media platform.
“Binance is creating an internal team to focus on ways that blockchain and crypto could be helpful to Twitter and actively brainstorming plans and strategies that could help Elon Musk realize his vision,” a Binance spokesman told Decrypt.
“For example, how can we build on-chain solutions to address some of Twitter’s issues, such as the proliferation of bot accounts in recent years. We are in the early stages now and still figuring out a plan.” Read More
Also, Updates On New Integrations And The Markethive Wallet
As the bear market continues with its crypto-cleanse and traders bemoan the adverse price action, some industry leaders opine these conditions will eradicate bad actors and create more significant opportunities for upcoming projects and future participants. Several leading crypto analysts and engineers embrace the idea that this is the time to engage in moves leading to the loftiest gains when the bull cycle returns.
Markethive stands firm with these sentiments and continues to build its next-generation entrepreneurial platform and be ready for the market-cleansed bull run. Those on the Markethive journey may be aware that new features are being integrated into the newsfeed in preparation for the five-channel dashboard housing various feeds.
The innovative five-channel dashboard integration will consist of five newsfeeds—the general newsfeed, the blog, the video channel, curation, and surveys.
It will significantly streamline your activities and business facilitation and will include a search engine so you can build your personal algorithms. This will save time and effort by eliminating what you don’t want to see in your newsfeeds, be more intuitive, and enhance the user experience.
CEO of Markethive, Thomas Prendergast, and the team of engineers have made substantial headway with the wallet. It is all but done, and the release is imminent. It’s not a simple wallet that just transfers coins. It is a complete portfolio and accounts of all your transactions, payments, and affairs, including your ILPs. The wallet comprises fourteen major foundational processes and is your internal wallet on the Markethive database. Read More
Truly Decentralized Internet Is The Future Of Web3 - Point Network Story
What was created for the sake of free speech is now being controlled by those who have the deepest pockets. The Internet is not free of censorship anymore. People's social media accounts are being blocked. Just this month we had 3 major news on massive censorships:
Kanye West buying Parler as he is not allowed to post on Twitter anymore;
Andrew Tate being deleted from all major social media platforms joining Rumble;
Elon Musk bought Twitter to bring freedom of speech to everyone.
To top it up, the largest tech companies like Facebook or Google do not have the best intentions for their users. These tech giants' number one priority is keeping us glued to the screen and feeding us ads for better quarterly investor reports and higher stock prices.
Even though we live in the 21st century - we are deprived of the basic human right to have access to real information on what is happening in the world. Not that it was perfectly curated by filters, news boosts, keyword suppressions, ban lists, and shadow bans.
People need to have access to the truly decentralized Internet, that is free of censorship, surveillance and is open source for everyone. Read More
Top 5 Move-To-Earn Apps 2022
With the continuance of a crypto-winter, many industries in Web3 and blockchain technology remain in complete turmoil. We have seen countless projects fall off the map, reduced investments, and less active users on platforms. One of the industries that have been affected by this bear market is the Move-to-Earn industry. With companies that were once taking crypto enthusiasts by storm, such as STEPN, laying off over 100 staff as per a tweet by Wu Blockchain, and GMT price crashes leaving investors concerned, there is room for new competitors in the space to fill the gaps that are being left open.
With that being said, the emergence of competition in the Move-to-Earn industry is still multiplying, with more STEPN comparable apps launching and more opportunities for breakthrough business models that can bring the industry back to life.
Here is a breakdown of the top 5 apps that have the potential to save Move-to-Earn and reignite the excitement towards the industry. Read More
Harpie Review: Can This On-Chain Firewall Solve Web3’s Security Problem?
Harpie is an on-chain Ethereum service designed to protect crypto users from various exploits.
Harpie is the first on-chain firewall product that protects users against common attack vectors in crypto.
It works by monitoring users' wallets and intervening in case of an attack by frontrunning malicious transactions and moving their funds to a secure non-custodial vault.
While it's not perfect, it's one of the most promising offerings for protecting Web3 users in existence today.
Harpie’s on-chain firewall lets crypto users connect their Web3 wallets and create a safe transacting environment and protect themselves against crypto’s most common attack vectors. Read More
Decentralized Storage Alliance seeks to bridge the Web3 gap through education and advocacy
The organization said that it intends to promote awareness and adoption of decentralized technologies, such as Filecoin, IPFS and Libp2p.
Decentralized storage network Filecoin has partnered with Protocol Labs and other participants within the Web3 ecosystem to launch the Decentralized Storage Alliance. According to the announcement, one of the main goals of the newly formed alliance is to help Web2 enterprises transition to Web3 through education, advocacy and best practices.
The Alliance said it hopes to achieve this by bringing together diverse viewpoints from leading Web2 and Web3 industry players, such as Advanced Micro Devices, Ernst & Young and data storage solutions provider Seagate. The organization aspires to become a trusted space where different companies can collaborate around Web3 technologies like decentralized storage in order to accelerate its adoption.
It also seeks to provide access to educational materials and technical resources that will improve the process of onboarding data to decentralized storage networks, and make it easier for new data centers to onboard to the network.
Stefaan Vervaet, head of network growth at Protocol Labs, claimed:
“With top-tier leaders across Web2 and Web3 coming together to explore the unrealized potential of decentralized technology, this Alliance has the power to transform the foundation of the internet.” Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
