The operator of an allegedly fraudulent crypto escrow scheme accused of misappropriating $7 million from two clients is expected to plead guilty in September.
The most basic definition of blockchain is a shared, digitized ledger that cannot be changed once a transaction has been recorded and verified. All parties to the transaction, as well as a significant number of 3rd parties maintain a copy of the ledger (i.e. the blockchain), which means it would be practically impossible to amend every copy of the ledger globally to fake a transaction.
Bitcoin’s success has triggered the establishment of nearly 1000 new cryptocurrencies, leading to the delusion that the only application of blockchain technology is for the creation of cryptocurrency.
However, the blockchain technology is capable of a lot more than just cryptocurrency creation and may support such things as transactions that require personal identification, peer review, elections and other types of democratic decision-making and audit trails.
A major Chinese e-commerce platform and a video sharing site have reportedly joined China’s CBDC project.5884
Dr. Ali Loveys says the biggest challenge in the blockchain space is not about the tech, but rather defining the right business value.1834
Matic to release a “Large Scale Developer Initiatives” program to strengthen mainnet adoption.1279
The Italian Banking Association, or ABI, uses a blockchain-based system called Spunta, built with decentralization in mind.1336
A Unitize panel looked at two approaches to building blockchain ecosystems from the government of The Netherlands and a Singaporean accelerator program.1293
The rights to a performance art piece have been tokenized on the Ethereum blockchain.2366
Part 2 of this series continues to cover the legal implications associated with the sale of SAFTs and focuses on taxes related to tokens.902
An overview of the first two days of the Unitize virtual blockchain conference where top crypto and blockchain experts offered their views on topical issues in the industry.4492
Volvo’s venture arm invests in blockchain traceability startup Circulor to track the origins of raw materials.8536
Ethereum 2.0. is coming, but not soon enough. Could layer-two solutions be the answer?4480
During yesterday’s Unitize blockchain conference, developer Bruno Škvorc illustrated how a Polkadot-based blockchain can be launched within one hour.6406
Blockchain tech has not yet reached its full potential for use in the marketing and advertising industries, but it definitely will in the near future.2396
Indian IT giant Tech Mahindra has launched a new blockchain-based digital contracts and rights platform for the media and entertainment industry.4620
Blockchain experts discuss how institutions will play a major role in the mass adoption of blockchain-based financial infrastructure.3273