Tag: blockchain

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PayPal USD Stablecoin Now Available on Solana Blockchain

PayPal today announced that its PayPal USD (PYUSD) stablecoin now runs on Solana. In a Wednesday announcement, the payments platform said that the move would bring “significant benefits for commerce use cases.” Solana is the blockchain network behind the fifth biggest cryptocurrency by market cap, SOL. It aims to compete with Ethereum by providing a […]
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Monad Labs Raises Huge $225M, with Paradigm as Main Investor

Monad Labs Secures $225 Million Funding Round Led by Paradigm Monad Labs secured $225 million in a financing round spearheaded by Paradigm. The funds will support the creation of a swifter iteration of the Ethereum blockchain, aligning with current DeFi applications. The funding will primarily fuel the advancement of Monad Labs’ accelerated Ethereum blockchain. This […]
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The First Bitcoin Blockchain ICO Goes Big in the US at Launch

Investors in the United States are buzzing about the first-ever crypto presale launched by Bitcoin Dogs, which runs on Bitcoin’s blockchain. This groundbreaking ICO has already raised $1.5 million in a matter of days, signaling a new era in the world of cryptocurrency. Bitcoin Dogs is a fresh project that combines blockchain gaming, a unique […]
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Jharkhand Leads India in Agricultural Innovation with First Blockchain-Based Seed Distribution System

Jharkhand, an Indian state, has recently become the first in the nation to use blockchain technology for distributing seeds to farmers. This groundbreaking initiative is a collaboration between the Directorate of Agriculture of Jharkhand and SettleMint, a global blockchain technology company. Since its inception in India two years ago, SettleMint has been actively promoting the […]
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Bharat Web3: Leading India’s Financial Decentralization Revolution

In the world of digital innovation and decentralized technology, India has emerged as a key player in promoting the growth of decentralized finance (DeFi) services. As of 2022, the DeFi market had already reached a significant size of $13.61 billion, according to the DeFi Technology Adoption Index. India has made remarkable strides in this sector, […]
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New IRS Crypto Reporting Law: $10,000 Threshold

A new era in cryptocurrency taxation has dawned in the United States. Following the Infrastructure Investment and Jobs Act, signed into law by President Joe Biden in November 2021, the Internal Revenue Service (IRS) has implemented a stringent reporting requirement for crypto transactions. This rule, effective from January 1, 2024, mandates that any receipt of […]
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December Month Hacks Adds To 2023’s $1.77B Crypto Loss

TL;DR In December 2023, crypto losses totalled $103.88M across 32 attacks, a 59% decrease compared to the previous month. The 2023 yearly loss amounted to $1.77B from over 440 hacking incidents, showcasing the prevalent vulnerability in the crypto space. Rug pulls and smart contract vulnerabilities contributed to being the prime contributors, constituting 21%, and code […]
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Wakaru: Navigating the Future of Blockchain Innovation

Blockchain technology, a revolutionary digital ledger system, has witnessed exponential growth since its inception. Initially conceptualized to support cryptocurrencies like Bitcoin, it has evolved into a foundational technology influencing various industries. The global blockchain market, valued at $11.14 billion in 2022, is projected to reach an astounding $469.49 billion by 2030​​. This growth trajectory is […]
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Revolutionizing Digital Art Creation: How Qolaba Blends AI and Blockchain for the Next-Gen Creator Economy

A Revolutionary Platform is Making Waves In the ever-evolving realm of digital creation, Qolaba, a groundbreaking platform, emerges as a beacon in the digital creator economy, seamlessly merging Generative AI with Web3 technologies. This fusion paves the way for unprecedented ease in generating and monetizing digital content, ranging from stunning images to intricate 3D assets. […]
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