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Building a better stock market: Tokenized shares bridge trading gap on blockchain
Blockchain tech allows for the creation of a community-governed system that is fundamentally incompatible with traditional finance.
The stock market remains in the hands of self-dealing and corrupt institutions. But just because the traditional market is rigged with rules that shift with the elites’ moods doesn’t mean that everyday retail investors should cede all shareholder control and abandon trading equity entirely. Instead, a hybrid model incorporating cryptocurrency and bringing tokenized shares of companies onto a blockchain ledger for people to buy, sell and exchange, can help to build a better, more transparent stock market accessible to all. Read More
Private distributed ledger technology or public blockchain?
Is every chain of blocks a blockchain? What is the fundamental difference between private and public networks?
Some people think that permissioned distributed ledger technology can perform better than open blockchain because it is tweaked to address the issues of the latter. Such systems are also called “permissioned blockchain,” as if blockchain is a high-level concept and “permissioned” is one of its variants. But this statement is controversial and down below, you will come to understand why. Read More
Argo Blockchain Purchases 20K Miners From Bitmain for Future Mining Center in Texas
Argo Blockchain, a London-based cryptocurrency mining company, has announced an expansion of its mining capacity that will more than double its current hashrate. The expansion will be done through the acquisition of 20,000 S19J Pro bitcoin miners from Bitmain, which will be delivered in several installments. These miners will populate the facility the company plans to build in Texas next year. Read More
Beyond Bitcoin: The future of digital assets is bigger than the first crypto
While Bitcoin is the most recognizable digital asset, it’s just one asset class among many that are here to evolve financial services globally.
While change is guaranteed, the scale and scope of that change are not. For the financial industry, blockchain — the technology that undergirds Bitcoin (BTC), Ether (ETH), nonfungible tokens (NFTs), and other digital assets — has brought us to the crossroads.
What will the future of money look like?
We have been operating on the frontline of crypto for the past 10 years, protecting large and small investors alike while allowing them to invest in this exciting new frontier of finance. The experience we’ve gained here helps us to see what’s coming down the road.
In this historical period, a myriad of outcomes is possible but one thing is for certain: The efficacy and innovation of the technology will influence well beyond traditional financial sectors. Read More
There have been major headlines, and a lot of talk and speculation concerning the Chinese developer, the Evergrande Group, and its demise and potential collapse it is facing. Could we be on the verge of another Lehman Brothers moment? An uncontrolled default of the Evergrande group could lead to a credit crunch, implicating all financial markets globally. But what about crypto? Read More
Want to improve blockchain infrastructure? Work under layer-two solutions
The DeFi sector is not undergoing the dynamic shift toward layer-two adoption alone — NFTs are following suit.
There has been a lot of talk about how blockchain unlocks endless enterprise opportunities. And although all this buzz has not entirely translated to tangible results, the explosion of the decentralized finance and nonfungible token (NFT) markets has laid down markers on what is achievable and how blockchain can truly impact even the most conservative industries.
So unlike two to four years ago, developers, entrepreneurs, and businesses are not just blindly joining the bandwagon. It is no longer about what blockchain can do. Now the questions being asked revolve more around how best to utilize the technology for the best results. Therefore, blockchain has slowly evolved from a buzzword to mainstream adaptable technology. If this does not indicate real growth and development, then what does? Read More
Axie Infinity Co-Founder Says Blockchain Game Plans to Launch a Decentralized Exchange
Sky Mavis, the team that created the Ethereum-powered non-fungible token (NFT) game Axie Infinity, revealed the project plans to launch a decentralized exchange (dex), according to the company’s co-founder Jeff Zirlin during a podcast with Frank Chaparro. Moreover, Axie Infinity recently captured over $2 billion in NFT sales, making it the second-largest project in terms of NFT sales, just below the marketplace Opensea. Read More
PhoenixDAO Forges Into The Vanguard Of Decentralisation With Its Events DApp
PhoenixDAO is one of a growing number of cryptocurrency projects that is on the road to achieving ever-greater decentralization. Its Events dApp is disrupting an industry ripe for change, considering the amount of control wielded and the wide scope for malpractice that has existed until now.
Just as decentralized financed (DeFi) partly came into existence as an alternative to the excesses of the banking system, such as charging exorbitant fees on credit cards, PhoenixDAO has launched its decentralized Events Dapp that aims to disrupt the rigged and unfair playground that exists in the ticketing sector today. Read More
The Sims creator’s new game to harness blockchain and NFTs
Wright’s new Gallium Studios has partnered with blockchain gaming platform Forte Labs Inc. to handle the blockchain integration and NFT functionality.
Proxi will give players NFT ownership of their memories, allowing players to create, buy, and sell their memories to other players.
What’s more, Wright has said virtually all items in the game can be an NFT and that an in-game marketplace will allow players to trade or use US dollars to purchase NFTs. Read More
‘Not Just Bitcoin’: Bank of America ‘Bullish’ on Ethereum, DeFi, and NFTs
The firm’s latest blockchain industry report is largely glowing, calling it “the most exciting new market in years.”
Bank of America, the second-largest bank in the United States has given mixed messages on crypto in the past—including slamming Bitcoin as “slow” and “impractical” in a March research note. But now, the global research division of the banking giant is sounding very positive about the future of the wider crypto industry, even describing itself as “bullish” about the overall ecosystem.
Calling blockchain “the most exciting new market in years,” Bank of America Global Research’s new Digital Asset Primer is widely enthusiastic about the growing industry, touching on everything from popular cryptocurrencies to decentralized apps, the burgeoning decentralized finance space, stablecoins, and even NFTs. 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 other advice.
