Blockchain

The Chinese province of Shenzhen plans to distribute 30 million digital yuan (eCNY), or approximately $4.5 million, to its residents. A local news outlet reported this news earlier today, noting that the government plans to distribute the funds in the form of red packets. According to the report, the province has partnered with eight banks in this initiative. They include Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, and China Construction Bank. The rest include…

Africa could become a powerhouse in the blockchain space in the near future, according to research.   Swiss investment company Crypto Valley Venture Capital has highlighted the rise in the volume of funding that has entered Africa’s blockchain space in recent times. In a recent release, the firm noted a substantial increase in this year’s Q1 funding compared to 2021’s. Venture Funding Grows 11 Times in Q1 2022 The Swiss company CV VC recently released its publication, The African Blockchain…

Chainalysis, one of the top crypto and blockchain intelligence firms, has raised $170 million in a Series F funding round. A report unveiled this news earlier today, citing a person familiar with the matter. This funding round doubled Chainalysis' valuation to $8.6 billion. According to the report, GIC, a Singapore-based sovereign wealth fund, led this funding round. The source did not mention other investors in the new funding round. However, it is worth noting that GIC has previously invested in…

US blockchain firm Algorand has joined hands with FIFA, signing a sponsorship and technical partnership deal. FIFA announced this news yesterday, noting this partnership will see Algorand become its official blockchain network. Additionally, Algorand will provide FIFA with a blockchain-powered wallet solution. According to the announcement, this collaboration will also see Algorand support the FIFA World Cup Qatar 2022. Specifically, the firm will be the World Cup’s regional supporter in North America and Europe. Moreover, the blockchain will become an…

Binance has recovered $5.8 million worth of tokens stolen from Axie's Ronin Network late last month. In March, malicious hackers initially ripped off a total of about $600 million. This means more than 99% of the loot yet remains awol.  Binance Shows Support The hack of Axie Infinity's Ronin Network last month resulted in a loss of about 173,000 ETH and 25.5 million USDC. CZ, the CEO of Binance, said on Friday that the hackers, "Lazarus Group" distributed the stolen…

The Ethereum team has successfully developed a test for "The Merge" on a private mainnet, marking a significant step toward realizing Ethereum 2.0. Merge Testing on Shadow Fork Yesterday, Ethereum engineers launched a critical Merge test in preparation for the Ethereum network's upgrade to Ethereum 2.0.  Ethereum 2.0 represents the network’s consensus switch from the current Proof of Work mechanism to Proof of Stake.  According to core Ethereum developer Tim Beiko, Ethereum’s Merge Test was successfully deployed on a private…

A physical meet-up event can sound rare in a world where online communities are moving an impressive amount of money. The Paris Blockchain Week Summit (PBWS) will kick off on April 13th, among other crypto-related events in the city. The event will begin at Palais Brogniart, the former headquarters of the French Stock Exchange. The summit’s organizer wish to bring together a long list of well-known names in the industry, investors, and blockchain enthusiasts. An Exclusive Event for Crypto Enthusiasts…

Crypto exchange FTX has added tennis champion Naomi Osaka to its growing list of ambassadors from the sports and entertainment sector. Welcoming Women into the Crypto Space The exchange shared news of this in a release on Monday, March 21st. According to the statement, the deal represents the start of an extended collaboration between the platform and the athlete. Naomi Osaka, also known for her activism off the court, will help bring women aboard the digital sphere. Of late, the…

Streaming service and Netflix competitor Sling TV is now allowing its members to pay their monthly subscription in cryptocurrency, using Bitpay. Accepted cryptos include Bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Dogecoin, Litecoin, Shiba Inu, and various stablecoins. Crypto For Streaming Sling revealed its Bitpay integration in an announcement from its site on Friday. The company claims that its acceptance of cryptocurrency will now bring “choice and convenience” to the checkout process. The option is currently available to exist subscribers and…