DappRadar: Dapps industry grew almost 10% in May

According to the latest report from DappRadar, the decentralised apps (dapps) industry is picking up pace.

This May, the industry saw an almost 10 percent increase in daily unique active wallets (dUAW), averaging an impressive 1,967,051 dUAW.

Key sectors, like gaming and decentralised finance (DeFi), continued to exhibit promising signs of growth and stability—further asserting the importance of this thriving industry.

The gaming sector continued its reign as...

5 June 2023 | Altcoins

Ripple acquires custody infrastructure provider Metaco for $250m 

Ripple has announced the acquisition of Metaco, a Switzerland-based provider of digital asset custody and tokenisation technology, for $250 million (£201.1m).

The acquisition is aimed at expanding Ripple’s enterprise offerings, with Metaco promising enterprise-ready packages for financial service providers and corporates across multiple digital asset use cases around custody infrastructure.

The company’s primary product is Harmonize, cited by Ripple as the...

22 May 2023 | Blockchain

Blockchain Expo: The opportunities of Web3

During a session at this year’s Blockchain Expo, we heard from IDC Research Director Phillip Silitschanu about the opportunities of Web3 and the journey that lies ahead.

Silischanu shared his insights, based on vast experience, on the applicability of blockchain services and the potential of Web3. He discussed the opportunities and challenges presented by these technologies and their impact on various sectors.

Web2 vs Web3

Web2, also known as the social web, marked...

18 May 2023 | Banking

China to train half a million blockchain experts amid national research centre launch

Here’s a good example of how you can separate the blockchain signal from the crypto noise: China is to train 500,000 blockchain professionals after launching a national blockchain research centre in Beijing.

The centre, as reported by the South China Morning Post (SCMP) citing state-run media outlet Xinhua, will work with universities, research institutes and companies, as well as establish a ‘national-level blockchain network’ to connect existing blockchains in China as...

16 May 2023 | Development

Blockchain Expo North America is just around the corner

Blockchain Expo North America will take place at Santa Clara Convention Center, California on May 17-18, 2023.  Witness talks, fireside chats and panels from the most forward-thinking experts within the blockchain ecosystem alongside the space to network with senior professionals, all within the two-day Blockchain Expo.

The expo offers the largest number of co-located events, allowing visitors to explore a variety of fundamental technology solutions. Tickets will also...

11 May 2023 | Blockchain

Warner Music Singapore ushers in new era of digital content through Web3 gaming world

Warner Music Singapore and Affyn, a Singapore-based Web3 company, have partnered to create new opportunities for artists and audiences in the gaming industry.

The deal aims to motivate and inspire creators to explore the endless possibilities of the Web3 gaming world, and provide everyone with unique experiences that have never been seen before.

As part of the partnership, Warner Music Singapore will produce a customized song featuring bilingual artist J.M3 (pronounced...

11 May 2023 | Gaming

Deloitte and BNP Paribas join consortium in creating blockchain network for financial market

A collection of Sterling notes.

Digital Asset and leading market participants have unveiled plans to launch the Canton Network, the industry’s first privacy-enabled interoperable blockchain network designed for institutional assets and built to responsibly unlock the potential of synchronised financial markets.

Canton Network participants include 3Homes, ASX, BNP Paribas, Broadridge, Capgemini, Cboe Global Markets, Cumberland, Deloitte, Deutsche Börse Group, Digital Asset, The Digital Dollar Project, DRW,...

11 May 2023 | Banking

Reports of Web3 and DeFi hacks surge during Q1 2023

Analysis from Naoris Protocol, a global cyber security firm, reveals there was a rise in the number of reported cyber security hacks on Web3 and DeFi in Q1 2023 compared to the same period in 2022 and 2021 – with 19 reported hacks.

This is up from 16 reported hacks in Q1 2022 and 10 reported hacks in Q1 2021.

Between 1st January 2023 and 14th April 2023 there were 22 reported cyber security hacks, totaling over $265 million in losses. The biggest single hack in Q1...

5 May 2023 | Blockchain

Mastercard launches Mastercard Crypto Credential to boost trust in blockchain

A Mastercard and Visa card in a wallet.

Mastercard has introduced Mastercard Crypto Credential, a set of common standards and infrastructure that will help verify interactions among consumers and businesses using blockchain networks.

Mastercard Crypto Credential aims to provide a foundation for financial institutions, governments, brands, and crypto players, ensuring that those interested in interacting across web3 environments are meeting defined standards for the types of activities they’d like to...

2 May 2023 | Banking

Circle hopes new cross-chain USDC protocol will reduce exploits

Circle, creators of the stablecoin USD Coin (USDC), has launched a mainnet protocol enabling users to transfer USDC between the Ethereum and Avalanche blockchains. The cross-chain bridge is different from other bridges in that, instead of locking tokens sent to its contract, it completely burns coins on the sending chain and then mints new ones on the receiving chain. In the past, Avalanche users with USDC on Ethereum would need to deposit the tokens with a Circle-approved partner or use...

27 April 2023 | Blockchain Applications