Blockchain

Cryptocurrencies also invade sports – What is happening in Greece

Millions of dollars in US dollars in Bitcoin for NBA and NFL, sponsorships in major European football leagues, FIFA-UEFA plans and the παράδειγμα Greek example of the Ionian Hellenic Coin basketball team Cryptocurrencies are gaining ground in the “industry” of sports. This happens in various ways and Greece is no exception to this trend. Why may the football and basketball clubs of the country not have dared e.g. to make – or even offer – salary payments to players and their coaches with Bitcoin, such as the Sacramento Kings in the NBA, but for a few months now there is…

Blockchain In Healthcare and Fintech: Will There Be an Impact?

Today the financial sector and the healthcare sector are trying to develop and grow at a rapid pace. In the process of growth, they are hampering the security of the system also. Blockchain technology application in Healthcare and financial institutions will help you develop your work process. Blockchain Technology is impacting both the healthcare industry and the world’s Financial technologies to a great extent. It will help you to develop your work process in a better manner. Impact of Blockchain Technology on Healthcare & Fintech  Blockchain Technology has impacted healthcare & Fintech massively. The details regarding this matter will be…

Apple updates iOS to fix crypto wallet security vulnerabilities

Apple updates iOS to fix crypto wallet security vulnerabilities

Apple has issued new security updates for its mobile operating system after the iPhone maker discovered vulnerabilities that could compromise cryptocurrency wallets. The security updates, which were released Tuesday, affect iOS 14.4 and iPadOS 14.4. The vulnerabilities reportedly allowed hackers to gain remote access to a target system, thereby exposing the user’s cryptocurrency wallet. Pete Kim, Coinbase’s head engineer, warned iPhone users to update their operating system immediately. “If you are using a mobile crypto wallet on an iOS device, be sure to update iOS as soon as possible!” Kim tweeted Tuesday. “The update includes a fix for a remote arbitrary code execution vulnerability…

The new landscape with the Register for virtual currencies and digital wallets

The new landscape with the Register for virtual currencies and digital wallets

Virtual currencies and digital wallets: These are two terms that are heard and used more and more widely. But what about virtual currencies and digital wallets? Virtual currencies Virtual currencies represent a value that is not issued by a central bank or public authority, nor is it guaranteed. It is also not necessarily linked to legally circulating currency and does not have the legal status of currency or money. On the other hand, however, it is accepted by natural or legal persons as a means of transaction and can be transferred, stored or circulated electronically. Examples of virtual currencies are…

Why Nobody Can Hack a Blockchain

“Hacking” a blockchain is almost impossible — but what makes decentralized ledgers so inherently “unhackable”? A common mistake that new cryptocurrency investors make is to confuse the hacking of a blockchain with that of a digital exchange. Whereas unfortunately centralized digital exchanges get hacked more than they should, decentralized blockchain hacks are very rare, as they are hard to achieve and provide little incentive to carry out. ‍In this post, we look at what makes blockchains — as applied in the cryptocurrency sector — impervious to security breaches. ‍What Makes a Blockchain Withstand Hacks? Decentralized and Open-Source Protocols The blockchains…

Blockchain and Digital Assets Adoption Continue to Grow Despite COVID-19 Pandemic

Blockchain and Digital Assets Adoption Continue to Grow Despite COVID-19 Pandemic

Ripple has released its annual ‘Blockchain in Payments report’ for the third consecutive year, offering a comprehensive look into the fintech industry and blockchain’s growing role in payments. The report has revealed that not only is growth possible for blockchain and digital assets initiatives, but that familiarity with them has increased as well. Across five global regions (North America, Europe, Middle East and Africa, Latin America and Asia Pacific) familiarity with blockchain and cryptocurrency ranges from 82% to 94% The report has also found the blockchain adoption and positive sentiment is growing, with 67% of respondents claiming that cryptocurrency is net reliable, and…

More Use of Blockchain Technology Could Bring Benefits to Africa

More Use of Blockchain Technology Could Bring Benefits to Africa

Relatively recent experience in containing outbreaks of Ebola in Africa has allowed its nations to effectively contain the spread of coronavirus. Many African countries have quickly deployed effective track, trace, and quarantine measures of the kind that have been remarkably absent in the US and Europe. However, the economic impact of the virus is hitting parts of Africa in other more indirect ways. The World Bank projects that the value of remittances to Sub-Saharan Africa will decline by around 9% in 2020 due to the global recession caused by the pandemic. In a region where many families depend on remittances from members…

Why the Gaming Industry Will Embrace Blockchain Faster Than You Think

Why the Gaming Industry Will Embrace Blockchain Faster Than You Think

lockchain has made major strides as of late, making headway into more traditional financial and payment circles. That came in the form of PayPal, the world’s largest payments processor, announcing it would allow its customers to buy, sell, and hold cryptocurrency. It manifested itself in aspiring digital assets exchange INX Limited launching history’s first SEC-registered IPO to accept crypto, opening the floodgates to American retail investors. And it glares perhaps most obviously in the sheer fact that one third of all large institutions have invested in crypto. But there’s another, less-mentioned sector that is currently testing the waters with blockchain. That’s the $160-billion…

Nigeria targets $10 billion from Blockchain technology by 2030

Nigeria targets $10 billion from Blockchain technology by 2030

Nigeria is targeting to realize up to $10 billion from the Blockchain technology by 2030, the Director-General, National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi, has said. Abdullahi, who disclosed this yesterday in Abuja at the Stakeholder Engagement for the Review of the National Blockchain Adoption Strategy, said that the government wants to harness the potential in Blockchain, and has seen the need to position the country to capture value from the value chain. He said: “Looking at our youthful population, which is mainly digitally native and our strategic position in Africa, we are looking at how we can…

Banks are gradually adopting the innovative Blockchain technology

Banks are gradually adopting the innovative Blockchain technology

A few years ago, with digital currencies hitting record highs, blockchain was at the heart of the financial debate, but everyone was wary. Now, several large banks are testing the technology, tempted by the prospect of improving certain processes in the sector, reports the CNBC channel. The blockchain was originally created for Bitcoin transactions. It is a different database format that is maintained on many computers. Banks have so far chosen to follow some of the principles of the blockchain, adapting the technology to different uses of digital currencies. In Italy, much of the country’s banking sector uses Spunta, a…