Tech talent migrates to Web3 as large companies face layoffs
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Web3 companies continue to hire amidst a bull market as tech giants undergo layoffs and hiring freezes, reports CointTelegraph. As inflation continues to grow, coupled with a looming recession, many tech firms are having to cut portions of their staff. To put this in perspective, data from Layoffs.fyi found that more than 700 tech start-ups […]

EBSI announces pilot scenario success stories
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In July 2021, European Blockchain Services Infrastructure (EBSI) launched the Multi-University Pilot, which gathered European universities alliances across 11 countries, who joined forces and identified, designed, and delivered six cross-border scenarios. Those projects relied on the use of a common standard, known as verifiable credentials, for wallets as digital interfaces and blockchain as the trusted […]

EU BOF’s new report on Blockchain for Supply Chain Transparency
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The European Union Blockchain Observatory and Forum has published a new report on blockchain for supply chain transparency. The report states that supply chain is a complex sector with implications for everyday life that apply to a range of products. Generally, the supply chain is an environment where multiple stakeholders coordinate in order to bring […]

EU countries must be ready to block crypto mining, says commission
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Members of the European Union (EU) must be ready to block crypto mining, the European Commission, the bloc’s executive arm responsible for introducing new legislation, has said as the region prepares for an uncertain winter, reports Coindesk. The EU is also developing an energy-efficiency label for blockchains as the disruption of gas supplies from Russia […]

UK proposes bringing crypto under regulatory eye
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A proposed amendment to the UK’s Financial Services and Markets Bill would bring crypto under its scope, reports Blockworks. The new clause, introduced by Parliament member Andrew Griffith, is meant “to clarify that the powers relating to financial promotion and regulated activities can be relied on to regulate crypto assets and activities relating to crypto […]

Ripple wants to bring Ethereum smart contracts to the XRP Ledger
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Ripple users may be able to interact with Ethereum-compatible decentralised applications (DApps) in the future following the launch of a test phase of Ripple’s new XRP Ledger sidechain. The launch of the sidechain was shared in a Tweet by blockchain development firm Peersyst Technologies, on 17 October, noting that the new sidechain is compatible with […]

Türkiye selects blockchain for e-Human project
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Türkiye’s President Recep Tayyip Erdo?an has unveiled new details about the e-Human project powered by blockchain ahead of Türkiye’s national blockchain summit. Cointelegraph Türkiye has reported the e-Human project will be based on blockchain tech to keep all services, data and capabilities used by the system under protection. Türkiye’s e-Human project acts as a digital […]

SWIFT action: JPMorgan and Visa team up on cross-border blockchain payments
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Visa is set to integrate its B2B connect network with JPMorgan’s suit of blockchain based cross-border payment products, reports Cointelegraph. Traditional finance and payment giants JPMorgan and Visa are teaming up to streamline the use of their private blockchain solutions Liink and B2B Connect to facilitate cross-border payments. According to an 11 October from Forbes, […]

Gemini enters Europe through Ireland
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Gemini has entered the Irish market, reports Blockchain.News. The company now provides crypto exchange and custody services to individuals and institutions. Gemini announced that users can access their web site and mobile application to create accounts and purchase cryptocurrencies in EUR or GBP. Additionally, users can also fund their accounts via debit card, Apple Pay, […]

Hacker exploits bug to steal millions from Binance Bridge
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The world’s largest cryptocurrency exchange suspended trading on a smart contract blockchain after a hacker took at least $100 million in stolen cryptocurrency, reports Data Breach Today. Independent observers say the attack on the Binance Smart Chain actually netted the hacker $586 million. Changpeng “CZ” Zhao, chief executive of Binance, says the company asked all […]

Africa Blockchain Report – 2nd edition
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The Africa Blockchain Institute has released its second Africa Blockchain Report, with the theme of “accelerating Blockchain Innovation across the Continent.” It says the research has been conducted to study the trends of Blockchain activities in Africa and has resulted in the production of the “practitioner report to enlighten the African public on Blockchain use […]

Biden administration urges speed up of crypto regulation as recession fears rise
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In the United States, President Biden’s administration has urged the country’s Congress to pass laws that will clarify how crypto assets should be regulated amid increasing fears of a global recession, reports CryptoNews. The group of financial regulators comprising the US Financial Stability Oversight Council, had issued a report, calling on politicians to reach an […]