The crypto exchange and custodian firm Gemini has become the first company to be registered as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. At Blockchain Ireland Week 2022, in May of 2022, Gerry Cross, director of Financial Regulation, Policy and Risk, Central Bank of Ireland, confirmed that VASP applications were […]
Russian President Vladimir Putin has signed into law the banning digital payments across the nation, reports CoinDesk. The law was approved by the Duma, on 8 July, and bans the use of digital securities and utility tokens as a means of payment for goods, services and products in Russia. The amendment adds to the previous […]
While not absolutely necessary, omitting it would be misguided, reasons Andrew Singer, at Cointelegraph. “The Metaverse without blockchains would likely just advance the ball for Big Tech.” Many are thrilled at the prospect of the Metaverse with its virtual worlds that can be used to play online games, but also to train surgeons on 3D […]
Ernst & Young (EY) has selected 16 early-stage start-ups to join its EY Foundry Cohort 5 programme to propel disruptive solutions in four areas: sustainability, new enterprise, people and wellness, and services of tomorrow, reports Blockchain.News EPC Blockchain, a Malaysian-based firm, is among those chosen, and it utilises blockchain technology to record energy investments needed […]
The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to €45 million in government subsidies starting from September, reports Cointelegraph. The Ministry said companies and public or private research firms will be able to apply for funding from the government for the development of projects […]
Blockchain technology has been damned as nothing but hype and devoid of any meaningful use case at a select committee meeting in Westminster, reports Yahoo Finance. UK MPs met in Portcullis House near the Houses of Parliament and questioned various experts on the utility of blockchain technology. The policymakers demanded examples of blockchain’s effectiveness in […]
KPMG has revealed the opening of its first metaverse collaboration hub to help its employees and clients pursue growth opportunities in the digital era, reports Cointelegraph. The firm is entering the metaverse with a new collaboration hub that will connect employees, clients and others with Web3. The company is making a collective $30 million (€28.6 […]
Blockchain has only been around since 2008, so one can be forgiven for not understanding what it is or what it can do. But having been developed to solve a single problem, that of transferring cryptocurrencies, its use across the financial services industry, and beyond, has grown exponentially as its true potential became apparent, reports […]
Speaking at The Next Web (TNW) Conference in Amsterdam, Tim Berners-Lee was asked “does he align himself with Web3’s promise of salvation” for Web2.0. His answer was an unequivocal “Nope”, reports TNW. Berners-Lee has his own vision for a decentralised architecture that gives users control of their data, on a platform he calls Solid, but […]
Distributed ledger technology (DLT) and blockchains, including Bitcoin and Ethereum, may be more vulnerable to centralisation risks than initially thought, according to a report from Trail of Bits. Cointelegraph reports that the a new report from the security firm titled “Are Blockchains Decentralized?”, which was commissioned by the US Defence Advanced Research Projects Agency (DARPA), […]
In a new annual economic report from the Bank of International Settlements (BIS), it was revealed that approximately 90% of central banks worldwide are investigating the feasibility of adopting central bank digital currencies, or CBDCs. The BIS report, reports Cointelegraph, highlighted the ability of current sovereign fiat money to provide (relative) price stability and public […]
The Economic and Social Research Institute Blockchain Skills Conference in June of 2022 took place online as part of the community events in Blockchain Ireland Week. The focus of the conference was to analyse the demand and supply of Blockchain and Distributed Ledger Technology (DLT) skills. It provided an examination of the current blockchain labour […]