Category Archives: Blockchain

Square rebrands to Block

BREAKING: Square rebrands to Block as focus shifts to blockchain

“Block is a new name, but our purpose of economic empowerment remains the same. No matter how we grow or change, we will continue to build tools to help increase access to the economy,” said Jack Dorsey.


Image courtesy of CoinTelegraph

            DECEMBER 01, 2021

Digital payments company Square announced that it has changed its company name to Block, seemingly in a shift towards blockchain technology.

In a Wednesday tweet, Square said the rebrand will bring the payments firm together with Cash App, the decentralized Bitcoin (BTC) exchange project tbDEX, and music and video streaming platform Tidal. An accompanying news release said that Square Crypto, the cryptocurrency-focused branch of the payment firm, will also be changing its name to Spiral and joining the Block family.

“Block references the neighborhood blocks where we find our sellers, a blockchain, block parties full of music, obstacles to overcome, a section of code, building blocks, and of course, tungsten cubes,” said Square. “We’ve been working to make this change for over a year, and it only represents a change of our official corporate name; not our purpose, our vision, our structure or how we operate.”

The rebranding comes a mere two days after Square — now Block — CEO Jack Dorsey resigned his position at Twitter, citing the need to give his replacement, chief technology officer and board member Parag Agrawal, the space to work without his influence at the social media giant. At the time, many speculated that Dorsey would get deeper into crypto and blockchain through Square’s operations, in much the same way Facebook turned its focus away from social media with a rebranding to Meta.

“Block is a new name, but our purpose of economic empowerment remains the same,” said Dorsey on the name change. “No matter how we grow or change, we will continue to build tools to help increase access to the economy.”

Related: Jack Dorsey outlines Square’s tentative plans for Bitcoin hardware wallet

Square said the legal name change would be effective “on or about” Dec. 10. According to the company, there will be no organizational changes to Block, Cash App, Tidal, Spiral or tbDEX.

This story is developing and will be updated.

Original article posted on the CoinTelegraph.com site, by Turner Wright.

Article re-posted on Markethive by Jeffrey Sloe

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Cardano Sinks To New Lows

Cardano Sinks To New Lows Amid Brewing Chaos That Could Send It Out Of The Top Cryptos By Market Capitalization

By Aliyu Pokima – November 26, 2021

  • Cardano’s price is falling to a 2 month low and is 6th place in the rankings.
  • ADA currently trades at $1.53 after a debacle with eToro over its delisting.
  • Project founder, Charles Hoskinson has stated that the delisting would not have a major impact on prices but the charts are painting a different picture.

ADA is going through a turbulent patch at the moment that could see a massive decline in values. The asset has posted double-digit losses in the last 24 hours despite optimism from Charles Hoskinson.

Falling Values

Cardano reached a high of $3.10 in September after the completion of the Alonzo hard fork, spelling the beginning of smart contract functionality for the network. The flurry of activity preceding the development led to ADA rising to become the third-largest cryptocurrency after Bitcoin and Ethereum.

As an Ethereum killer, the air was rife with speculation that it was going to flip Ethereum because of its “green” nature and “slow and steady” approach with no room for errors. However, its stay at the top was not long-lived as SOL’s and BNB surge displaced it, leaving it in 6th place.

Now, Cardano faces a stern test after retail-trading platform eToro revealed its intention to delist the asset because of regulatory concerns. Charles Hoskinson, the project’s founder, lashed against the move and blamed the absence of a global regulatory standard for eToro’s decision.

“This is just the nature of the game and the only way we’re going to solve this as an industry is through regulatory clarity,” Hoskinson stated in a Youtube video. The founder explained that the effect on prices will be minimal but the reverse is the case.


ADAUSD Chart By TradingView (Click image for larger view)

ADA currently trades at $1.53, a 10.59% correction over the last 24 hours and a staggering 16% loss in value in a week. The asset’s decline brings it close to embattled XRP that has been embroiled in a legal drama with the SEC and has a market capitalization of $44.48 billion. Ahead of the actual delisting in December, ADA could experience a major decline in value.

The Delisting Of Top Assets

ADA is not the only asset to have suffered the fate of a delisting. Privacy-focused coins like Monero and Zcash have been delisted by Bittrex and other exchanges as regulators clamp down on cryptocurrencies around the world.

Kraken has announced its intention to delist Monero for British customers to comply with the existing regulations in the country. Monero used heightened cryptographic methods to obfuscate details of transactions that make them attractive to cybercriminals. Cardano on the other hand has not earned this sort of reputation and this leaves Cardano enthusiasts scratching their heads.

DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by Aliyu Pokima and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

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Why aren’t more law schools teaching blockchain, DeFi and NFTs?

Powers On… Why aren’t more law schools teaching blockchain, DeFi and NFTs?

To counsel clients involved in the DeFi space, wouldn’t you want a lawyer with the technological literacy to understand blockchain and the legal issues surrounding it?


Image courtesy of CoinTelegraph

— NOVEMBER 24, 2021 in Features, Opinions

Blockchain technology is transformative for both our financial system and commercial enterprises, as well as for improving the human condition. More and more unbanked citizens both abroad and here in the United States now can have the capability to transfer and receive funds from loved ones with speed, economic efficiency and anonymity, where necessary, from oppressive regimes and governments and unstable economies. Traditional financial systems that have long not been available in underserved communities in various parts of Africa, Asia and Latin America must now recognize the power and efficiency of blockchain.

Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches a course on “Blockchain, Crypto and Regulatory Considerations.”

In less than two years, decentralized finance, or DeFi, has sprung up. These communities can borrow and exchange funds in a matter of minutes for their businesses or personal expenses. DeFi has grown from an ecosystem of less than $1 billion in early 2020 to one with over $250 billion in locked value today. Interest in nonfungible tokens, or NFTs, has equally exploded. These collectibles and other forms of NFTs captured more than $10 billion in sales volume in quarter three, up from $1.2 billion six months prior.


(Click image for larger view)

Importantly, these blockchain use cases have legal and regulatory considerations. In particular, the United States Securities and Exchange Commission has made clear that most forms of tokens should be considered “securities” and thus subject to both the jurisdiction of the SEC and the regulatory frameworks of U.S. federal securities laws.

In a recent article in The International Journal of Blockchain Law, the SEC’s newest commissioner, Caroline Crenshaw, notes:

“Many DeFi offerings and products closely resemble products and functions in the traditional financial marketplace. […] Market participants who raise capital from investors, or provide regulated services or functions to investors, generally take on legal obligations.”

In other words, certain aspects of DeFi likely involve the jurisdiction of multiple federal authorities, including the Department of Justice, Financial Crimes Enforcement Network, Internal Revenue Service, Commodity Futures Trading Commission and SEC. In the NFT space, there is no question that various intellectual property rights are implicated, such as copyright and trademark laws, as well as possible securities laws.

The need for tech-educated lawyers

It is clear there is a growing need for lawyers here and abroad to understand these possible legal issues and jurisdictions. It is, or should be, obvious that the best lawyers are those who can counsel their clients from a sophisticated understanding of the area of business in which their clients operate. To counsel clients involved in the DeFi space, wouldn’t you want a lawyer with the technological literacy to understand blockchain and the legal issues surrounding it? And perhaps one with education or experience in finance or accounting, rather than one who studied philosophy or chemistry in college? As the many uses of NFTs explode, shouldn’t your lawyer have a good handle on the IP laws and artistic rights associated with the proposed NFT?

I believe lawyers should, and that is part of the reason I am now teaching both blockchain law and fintech law at Florida International University College of Law in Miami after practicing law at law firms and the SEC for 40 years. As businesses start up or grow into the use of digital assets, they will need guidance on the “rules of the road,” as I believe most businesspeople want to do the right thing and follow established laws. For this, they should be able to turn to the next generation of lawyers — those currently in law school — for the answers, or at least for the correct guidance. Yet shockingly, only around two dozen or so of the over 200 law schools here in America teach a class dedicated solely to blockchain or solely to financial technology, last time I checked. That is only 10% of all law schools! That has to change, and rapidly.


(Click image for larger view)

Earlier this year, I wrote a column about concerns I and others have with China’s efforts to have the digital yuan replace the U.S. dollar as the world’s reserve currency, stating that the U.S. has to more quickly embrace the idea of a central bank digital currency (CBDC) and its development. The same is true with our new crop of lawyers. We must be educating them in new technologies and the use cases of blockchain, artificial intelligence, data analytics, and augmented and virtual reality, among others. This will vitally assist them in better representing clients. The last great technology was the internet, which the U.S. dominated in its development — but that was 25 to 30 years ago. U.S. leadership and dominance are not present with blockchain technology. Lawyers can assist in advancing this goal, with a good understanding of both the technology and laws affecting it, helping to shape or reshape the laws that do and should apply to it.

The intersection of technology and U.S. laws

Let’s look briefly at two legal cases demonstrating how NFT activities have found their way into the crosshairs of U.S. laws. In a lawsuit filed on Nov. 16 in federal court in Los Angeles, Miramax sued director Quentin Tarantino, who had been a collaborator on various movies, for breach of contract, copyright and trademark infringement, and unfair competition. Tarantino had allegedly been preparing to sell seven previously unpublished, unused scenes from his Pulp Fiction movie script in December. Miramax claims this violates its rights to the movie in various operative agreements, and Tarantino apparently believes these proposed NFTs are his to sell under the “reserved rights” provisions of his contracts with Miramax. A cease-and-desist letter from Miramax to Tarantino is apparently being ignored by him. It will be interesting to see what happens with this next month.

In a lawsuit filed in May in the Supreme Court of the State of New York, Dapper Labs — developer of the Flow blockchain and collaborator with the National Basketball Association on selling NBA Top Shot Moments — was sued in a class-action lawsuit. The gravamen of the complaint is that the tokens on the Flow blockchain, which powers and brands the NFTs, are “securities.” Also at the center of the lawsuit is the NBA Top Shot “Marketplace” itself, located on its website, where you can purchase and sell these “Moments.” Thus, it is alleged that the sale and exchange of the tokens involve the sale of unregistered securities in violation of Section 12(a)(1) of the Securities Act of 1933. Noteworthy is that the legal proceeding was filed in state, not federal, court and that the NBA itself was not named in the action. This can perhaps be explained in that the NBA was not the “issuer” of the securities and that the plaintiff’s lawyer prefers state court, where a judge may be more inclined to allow the case to proceed and not subject them to sanctions.

These cases are illustrative of my point of needing lawyers who understand these technologies and their legal implications. So, let’s get to training our future lawyers for the future, as the future is now!

Marc Powers is currently an adjunct professor at Florida International University College of Law, where he is teaching “Blockchain, Crypto and Regulatory Considerations” and “Fintech Law.” He recently retired from practicing at an Am Law 100 law firm, where he built both its national securities litigation and regulatory enforcement practice team and its hedge fund industry practice. Marc started his legal career in the SEC’s Enforcement Division. During his 40 years in law, he was involved in representations including the Bernie Madoff Ponzi scheme, a recent presidential pardon and the Martha Stewart insider trading trial.

The opinions expressed are the author’s alone and do not necessarily reflect the views of Cointelegraph nor Florida International University College of Law or its affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice.

Original article posted on the CoinTelegraph.com site, by Marc Powers.

Article re-posted on Markethive by Jeffrey Sloe

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Cardano Founder Reiterates Purpose

Cardano Founder Reiterates Long-Term Purpose Amid Sell-Off Panic

By Best Owie – November 22, 2021 in Cardano Reading Time: 3 min read

Cardano (ADA) has been experiencing struggling prices since it hit its all-time high above $3 back at the start of September. Since then, it has been on a downward trend and had fallen below $2 for the first time as October drew to a close. Despite some important announcements and strides on the part of the project, the token has not seen much recovery, leading to panic among its holders.

In light of this, founder Charles Hoskinson once again took to YouTube to address those whom he thinks are too overly concerned about price rather than the technology. This will not be the first time that the mathematician has had to address price concerns from the community.

Related Reading | Cardano Founder Says Metaverse Is Important For Crypto

A week ago, Hoskison had also taken to his YouTube channel to address price speculations, mentioning that money was not the purpose of Cardano. Rather the benefit of the blockchain to humanity was the goal.

Hoskinson Calls For Calm

In his YouTube video, the Cardano founder asked the community to calm down when it comes to the price of the digital asset. There have no doubt been sell-offs happening in relation to the cryptocurrency but this is normal for any asset really. Investors will get to a point where they sell off some of their holdings to take gains. The founder asked people who were in a panic over this sell-off to “chill out”.


ADA low momentum continues | Source: ADAUSD on TradingView.com

The founder pointed to the notion of price discovery given the performance of coins like Dogecoin and Shiba Int which have no utility whatsoever, yet have seen tremendous growth. He calls for people to forego the notion of price discovery and instead focus on the impact of the project.

Mostly, Hoskinson pointed to newcomers who have mainly been the ones panicking when it comes to price. He explains that people like these are obsessed with price and “there seems to be an utter lack of perspective.”

Cardano Looking To The Future

For the older investors in the project, most had gotten into Cardano for the impact that they knew the blockchain could have and Hoskison has echoed that sentiment. Instead of looking at price, the founder prompted the community to look towards the future, towards what Cardano could mean for the world someday.


| Source: Cardano Leads Altcoins As Market Marks 13th Consecutive Week Of Inflows

For Hoskinson, Cardano goes beyond making money through investing in the token. He sees the project being an important part of the backend of nation-states and payment solutions going forward.

“If you look at a five-year, a 10-year, a 15-year, a 20-year package, we really feel that there’s a strong possibility Cardano could be the backend of many nation-states,” said Hoskinson.

Also, the founder explained that there is no way to accurately predict what Cardano would be worth once it reaches its full potential. However, Hoskinson sees Cardano as being “the biggest preserver of human rights the world has seen.”

Featured image from Binance Academy, chart from TradingView.com

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The original article was written by Best Owie and posted on NewsBTC.com.

Article reposted on Markethive by Jeffrey Sloe

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Ethereum NFT Domains

Unstoppable Domains Taps Polygon to Cut Gas Fees for Ethereum NFT Domains

Unstoppable Domains is doing away with gas fees for minting NFT domain names. Its trick? Transitioning from Ethereum to Polygon.

By Jeff Benson           2 min read • Nov 15, 2021

In brief

  • Ethereum’s popularity comes with relatively high transaction costs.
  • Polygon is built atop Ethereum as a way of increasing transaction speeds and lowering costs.
  • Unstoppable Domains is transitioning its domain names, which are NFTs, to Polygon.

Blockchain domain name company Unstoppable Domains will no longer charge customers gas fees to mint an NFT domain name as of today, the company announced. Unstoppable has completed the first phase of its move to Polygon, a layer-2 scaling solution for Ethereum which is able to speed up transactions and mitigate fees.

Initially, Unstoppable Domains made use of the Zilliqa blockchain before moving to Ethereum and now Polygon, which touts itself as “the eco-friendly blockchain scaling Ethereum.”

“Gas” on Ethereum refers to the variable cost of making any sort of transaction on the network and can often get quite expensive. For example, gas fees to mint a single domain name on Unstoppable Domains via Ethereum were as high as $100. While Ethereum is currently in the process of upgrading its network to reduce such fees, it’s unclear when the upgrade will be complete, which may help explain why Unstoppable Domains chose to move to Polygon now.

Unlike many other NFTs, which are often associated with visual art such as images, gifs, or short videos, NFT domain names are simply web domain names that exist on a blockchain. NFTs are tokens that can be used to represent ownership over various types of digital items, including “uncensorable” web domains. These domains also serve the dual purpose of providing short, easy-to-remember crypto wallet addresses, much like the “.eth” names provided by the Ethereum Name Service.

Unstoppable Domains claims that more than 1.5 million NFT domain names have been set up through its service since 2018. The company allows users to purchase domain names ending in .crypto, .nft, .bitcoin, .dao and .blockchain, to name a few.

Now that Unstoppable Domains is moving to Polygon, the company plans to offer support for domain management as well as transfer solutions for those with older Zilliqa and Ethereum-minted domains. At the end of the month, users will be able to set up domains on Polygon with their cryptocurrency addresses as well as add other features like NFT galleries and social media links. If users wish to move their domains from Polygon to Ethereum, they’ll be able to do so sometime in early 2022, but Ethereum gas fees will apply.

DISCLAIMER

THE VIEWS AND OPINIONS EXPRESSED BY THE AUTHOR ARE FOR INFORMATIONAL PURPOSES ONLY AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT, OR OTHER ADVICE.

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Original article posted on the Decrypt.co site, by Jeff Benson.

Article re-posted on Markethive by Jeffrey Sloe

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Polkadot And Solana Bring Billion Users To Web3

Bitcoin, Ether Primed For Price Pop As Polkadot And Solana Bring The Next Billion Users To Web3

By David Kariuki – November 14, 2021

The entire cryptocurrency market continued to soar into the new week after topping $3 trillion in total market valuation for the first time. The market capitalization for all coins is up 2.3% in the last 24 hours and 7% in the week according to data from CoinGecko.

Although Ethereum wasn’t the topmost gainer in the past week, it is up 2% in 7 days as bulls propelled the price to a new all-time high of $4,859. Ether has been on a sustained uptrend since mid-last month, adding over $1,200 with the Altair upgrade and the news of upcoming CME micro ether futures in early December taking it to new heights. It has also received several endorsements from investors and the business institution fraternity in the recent past, adding to its positives.

JPMorgan analysts recently endorsed the crypto asset on grounds of having a better portfolio than Bitcoin for investors due to its expansive use cases in decentralized finance and non-fungible tokens. The analysts stated Bitcoin could tumble due to the prevailing rising interest rates just like Gold.

However, Bitcoin continues to dominate the crypto realm with an over $1.2 trillion market capitalization, despite being down 0.64% in the past 24 hours, it’s still more than double Ethereum’s market cap. Still, Rahul Rai, the co-head of Market Neutral at BlockTower Capital told Insider that Ether would surpass Bitcoin in market capitalization within two years given its extensive use cases.

Polkadot has been experiencing positive buying pressure since last week due to an upgrade that allows developers to register on the parachain and seek loans via auction from DOT holders. They can thus easily raise capital for their projects, including token projects. Hence, this feature works in a similar manner to initial DEX offerings.

Solana, on its part, has maintained steadfastness above Cardano and Tether for most part of the quarter and also set to potentially onboard 42 million users by becoming Brave Browser’s default Blockchain. This followed the launch of a $100 million Solana Ventures fund to support Web3 gaming development and will be invested in game studios and technology, aiming at supporting mobile and desktop video game developers to build their projects on the blockchain. It is a big bet for Solana since gaming is a top use case for blockchains and cryptocurrency currently.

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DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by David Kariuki and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

** Get secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Expectations Of Cardano In 2022

Hoskinson Reveals Groundbreaking Feats Expected Of Cardano In 2022… And It’s Incredible

By Olivia Brooke – November 13, 2021

Key takeaways

  • Cardano’s founder Charles Hoskinson, says he is excited about how Cardano’s roadmap is shaping up for 2022.
  • Cardano’s roadmap is focused on scalability in its next iteration.
  • The new year holds a lot of exciting prospects for the crypto space.

According to the founder of the Cardano blockchain network, Charles Hoskinson, 2022 holds a lot of promise for the network’s ecosystem. With the year 2021 coming to an end in less than 2 months, Hoskinson has revealed that he is “loving” how the roadmap for Cardano is shaping up for 2022.

Making this known, Hoskinson asserted that there are hundreds of projects building on Cardano. The amount of activity has made the platform take on a life of its own as it has been “growing, adapting, refining, and becoming stronger.” Added to that, IOHK also has a lot of innovation in the works to make building on Cardano much more efficient.

The price of Cardano’s native token ADA is bound to see significant appreciation in the coming year as well.

What the Cardano Roadmap Currently Looks Like

Cardano happens to have a well-articulated roadmap which it has been following. This year, Cardano achieved a major milestone. The Alonzo hardfork combinator event which happened in September brought the deployment of smart contract capabilities to the network.

Smart contracts capabilities on Cardano means that decentralized applications can now be built on the network. While the applications have been slow to launch, there are several under development. A recent update from SundaeSwap, one decentralized exchange (DEX) being built on Cardano, showed signs that some fireworks may soon enter the blockchain network. SundaeSwap announced that it had a breakthrough in wallet integration. The DEX completed its first transaction using Yorio Wallet’s dApp Connector feature.

Cardano now looks to enter a new phase in its roadmap, the Basho era. In this phase, the network plans to make Cardano a lot more scalable than it currently is. They are also focused on interoperability and sustainability of the network. The vision is to make even micropayments feasible on the network and make fees predictable and cheap.

The upgrades to the Basho stage will be launched mostly in the next year. With the new era starting and delivering on promises, the price of Cardano is likely to be affected. This has been the trend in previous milestones reaching moments for the proof-of-stake network. Recall that the run-up to the launch of Alonzo saw the price of Cardano’s native token ADA reach a new high of around $3.


ADAUSD Chart By TradingView(Click image for larger view)

Other blockchains gearing up for the new year

Cardano is not alone in looking forward to the new year with hope. While development in the cryptocurrency industry is an ongoing and rapid trait, 2022 promises to be groundbreaking for a lot of blockchain projects.

In 2022, Ethereum is as well billed to make monumental changes to its network with its planned migration to proof-of-stake. Proof-of-stake will make the Ethereum network more energy-efficient and scalable. The network also aims to solve its high few issues come PoS.

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However, Cardano’s excitement for 2022 holds a lot of promise as the blockchain has been known to deliver on its set time frames.

DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by Olivia Brooke and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

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Doctors W/O Borders is using blockchain

Doctors Without Borders is now using blockchain tech for medical record storage

Blockchain documentation service Transcrypts announced a partnership with the humanitarian organization on Thursday.


Image courtesy of CoinTelegraph

            NOVEMBER 10, 2021

At a November 11 press conference, blockchain- based document security company Transcrypts announced a partnership with Doctors Without Borders, or DWB, that began on October 14th. Working together, they have already uploaded 6500 immunization records to the blockchain, with a goal of 76000 by 2022.

Most of the recorded immunizations are COVID 19 vaccines, but the company stated that the eventually the goal is to store all patient medical records on the blockchain, where they will be accessible from a patient’s phone. The nascent California based startup was founded last year by Zain Zaidi — then still an electrical engineering student at San Jose State University. The company now counts Paychex, ADP, Zoom, Spirit Airlines and Oracle as its clients.

Transcrypts began as a tool to combat resume fraud marketed to human resources professionals, before expanding into income verification for landlords. Now, the firm said that it views itself as a full service documentation service. The DWB partnership is its first foray into medical records. Previously Transcrypt had found that HIPAA and other compliance laws essentially barred blockchain as an acceptable method of storage for medical records within the United States.

Speaking on the accessibility of patient medical records in developing nations, Zaidi said that blockchain could provide significant help in preventing many unnecessary deaths:

“In India over 700,000 people die every year from the lack of access to a patient’s medical records. A majority of these deaths could have been prevented if physicians had access to a patient’s comprehensive health care records. With this partnership, Doctors Without Borders and TransCrypts hopes to build a future where this loss of life can be mitigated.”

This is not the first time COVID vaccination records have been stored on the blockchain. Cointelegraph reported in January about veChain’s launch of a program to do so at a large hospital in Cyprus.

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Original article posted on the CoinTelegraph.com site, by John Gallagher.

Article re-posted on Markethive by Jeffrey Sloe

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Solana: Brave’s Default Blockchain

Solana Set To Potentially Onboard 42 Million Users By Becoming Brave’s Default Blockchain

By Brenda Ngari – November 8, 2021

Privacy-centric web browser Brave will soon integrate Solana dApps, according to a recent announcement. This will allow the browser’s users to open up to Solana’s ecosystem of decentralized finance (DeFi) products.

Brave Browser Announces Strategic Integration With Solana To Make It The Default For DApp Support

Brave browser today revealed an integration with Solana, the blockchain underpinning the fourth-largest cryptocurrency by market cap. As part of the partnership, Solana will become Brave’s default blockchain in the first half of 2022. This means Solana’s wallet features will be introduced to Brave’s desktop and mobile browsers.

Solana will also implement Brave’s privacy-by-design Themis protocol, which is deemed an important milestone in the BAT 2.0 roadmap. Moreover, the blockchain’s developers will be encouraged to promote Basic Attention Token (BAT) on Solana-based dApps.

Brave browser chose Solana on account of the network’s fast speeds and low fees, the blog post said. Compared to other smart contract-enabled blockchains like Ethereum, Solana processes transactions for as little as $0.001-$0.002. The low transaction costs could possibly offer fast and affordable access to the decentralized Web and boost crypto mainstream adoption.

“With more and more users and creators requiring tools for fast and affordable access to the decentralized Web, this integration will seamlessly pave the way for the next billion crypto users to harness applications and tokens,” Brendan Eich, CEO, and co-founder of Brave opined.

Until today, Brave has only provided support for Ethereum and Binance Smart Chain wallets and DEX aggregators. The crypto-powered web browser will now add support for Solana wallets. The deal will benefit the Solana ecosystem greatly, given Brave currently logs 42 million active users per month and 1.3 million verified creators. Once the integration is complete, millions of Brave users will be able to interact with an array of Solana dApps.

Meanwhile, the token at the center of the Brave browser, Basic Attention Token, has surged on the back of the announcement. BAT has gained roughly 17.30% over the last 24 hours.

Solana (SOL), on the other hand, is down 1.47% on the day — a slight pullback after an impressive run to a record high on Sunday. As of press time, the self-proclaimed Ethereum Killer is changing hands at $244.76.

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DISCLAIMER: None Of The Information You Read On ZyCrypto Should Be Regarded As Investment Advice. Cryptocurrencies Are Highly Volatile, Conduct Your Own Research Before Making Any Investment Decisions.

The original article written by Brenda Ngari and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

** Get secure funding for business projects in the USA and around the world. Learn more about USA & International Financing at Commercial Funding International. **

Cardano Pulls Off Massive Strides In Africa

Cardano Pulls Off Massive Strides In Africa As Hoskinson Outlines Vast Use Cases In Play

By Newton Gitonga – November 3, 2021

The Cardano team led by Input-Output Global (IOG) Chief Charles Hoskinson has been touring the African continent, holding strategic meetings with entrepreneurs and statesmen, and it has been a great success.

The team which includes representatives from Cardano, Emurgo, and IOG has been on an educational and marketing tour beginning with South Africa and is expected to conclude in Egypt.

“Africa is where the tough get going”

In a recent meetup with technopreneurs and government officials in Cape Town, Hoskinson stressed the importance of governments embracing the blockchain wind of change which is fast blowing across the continent.

He noted that Africa was specifically poised to adopt and benefit from blockchain technology faster than other continents due to the massive technological upgrades it is already going through.

“Why is this IOG team in Africa?” he asked “Well, Africa is a really special and interesting continent in that it’s going through a massive upgrade.”

He remarked that Africa’s resilience and disregard for past allegiances to systems that have not historically worked well for the region is a major pointer to how Africans could be committed to embracing the blockchain.

According to Charles, “as an entrepreneur and an innovator, that’s where you want to be. You don’t go where the ball is right now. You go to where the ball is going to be.“

“The Smart Cow Effect”

Referring to the tour as “the smart cow effect,” the Ethereum co-founder frowned upon the way governments and mainstream companies infringed upon privacy, censored public information, and failed to account for various actions.

“When you get a Microsoft credential or a Google ID or an Apple ID or a Facebook ID, it belongs to Mark Zuckerberg, Larry Page, Apple. When you get a decentralized digital identity (DID) it belongs to you. And you can take it anywhere.”

He also pointed out how U.S. regulators were hellbent on destroying the blockchain industry prompting them to focus on building rather than fighting.

“Well, I can go beg Goldman Sachs to do it, but they’re not going to. No. However, I can try to change things here in Africa. And that smart cow effect might work just as well in influencing the United States as it does elsewhere”

Hoskinson has already visited more than four African states and met various high-level government officials inking MOUs which will see various startups funded under Ermurgo and Cardano expand their operation in the Region. He recently met Zanzibar and Burundi presidents and Ethiopian finance minister with more countries including Kenya and Nigeria expected to join the list.

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The original article written by Newton Gitonga and posted on ZyCrypto.com.

Article reposted on Markethive by Jeffrey Sloe

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