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Axie Infinity Announces Launch of New Sidechain With Ubisoft
Axie Infinity, reportedly the most popular blockchain-driven game with a recorded user base of 18,590 users by DappRadar, is all set to launch its new sidechain with Ubisoft.
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Hong Kong Chamber of Commerce Proposes Yuan-Backed Stablecoin: Boosting Asian Trade
The Hong Kong Chamber of Commerce is advocating for the issuance of a stablecoin backed by the Chinese yuan. This digital currency will be accessible to companies engaging with mainland China and other Asian nations. In a bid to become leading hubs for blockchain industry development, Hong Kong is competing with Singapore and London. In April 2023, Hong Kong authorities urged the city's banking sector to cater to cryptocurrency companies. Removing restrictions on interactions with businesses focused on digital currencies will foster more robust industry growth in the region. The Hong Kong General Chamber of Commerce (HKGCC) proposes launching a stablecoin pegged to the yuan or a basket of fiat currencies, including the Hong Kong dollar and the US dollar, as highlighted by the organization's press service. The HKGCC's stablecoin initiative is suggested for inclusion in Hong Kong's budget program. While city authorities do not oppose this initiative, they propose consulting with experts and blockchain companies. In December, HKMA Chief Eddie Yue suggested that stablecoins could serve as a bridge between the crypto sphere and the traditional finance market. Read the full article
Is blockchain disrupting banking industry and this is one of the tech news to uncover. However, what banking sector will undergo explore with us
The topic has been hot for a few years, case where whether blockchain technology will disturb banking. We all know the fact that blockchain has been speeding up itself in different sectors. More and more benefits or we can say advantages are being delivered with this technology. This is one of the latest tech news that is circulating every now and then.
This is where we can say that in the coming time, blockchain will take over all industries slowly and gradually. Also at present time, we can see how far it has gained its popularity.
Whether it is the industrial use or also the way to earn money. Probably we can find many websites or platforms where we get tons of information and benefits about blockchain.
But the hot topic is whether it can take over BANKING. Is blockchain technology disturbing the banking sector? This is where we have come up with the latest tech news to help you get into the subject more. But before that let us help you to determine what blockchain technology is. Blockchain is the Technology Latest News and Features that will gonna updates itself in the near future.
1. About blockchain technology
Blockchain is a wider topic and cannot be summed up in short. But to help you explain in short it is the distributed ledger along with the database being shared or distributed among networks interconnected to each other.
Since blockchain is the database and hence stored in digital forms. This means transacting through blockchain will not involve third party.
2. What makes it work smoothly?
As per the working of blockchain is concerned, it works by allowing the users serving as the nodes on the network and also append new transactions.
But these transactions are not added as they are, but added to the memory of pool until the node solves the complex.
Since banking is the ownership of the documents can be stored publicly and decentralized on the blockchain. Hence parties to everyday banking transactions no need to rely on the complex manual verification.
3. But how does blockchain works in banking?
Suppose if you want to send money to other person. The other person would ask you to make the transaction through ledger. Yet his payment will be reflected in the form of ledger. In turn the entire payment will be saved in the form of blocks.
Secondly the blocks in which the transaction is to be made will also ask for the authorization.
Once the member will agreed towards the transaction the digital currencies will be transferred.
Yet blockchain as numerous benefits that banking will turn up to. However, there will be disruption that banking in coming time will face. But what's that, catch up with the complete information HERE and get into the Latest Tech News.
It is inspiring to adopt blockchain in fintech industry. Here is a brief note on how global blockchain leaders can rethink finance and leverage blockchain applications in the financial market.
#Blockchain is making waves in all directions in the business arena. Read here: https://bit.ly/3hO6WPq
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The Best solution for current COVID-19 crisis challenges and beyond! #Blockchain helps people within companies, vendors, and end-users with its trusted ecosystem. Here, the data is encrypted, immutable, tokenized, decentralized, and secure with nodes -
Cryptocurrency and Blockchain technology is proliferating in various industries - one such industry is ‘Sports’. Sports and the aura that it creates is so vibrant and energetic - sports fans are passionate about the teams they support. The market in the sports industry is massive too - from partnerships to tickets, merchandise, collectibles, and much more that could benefit everyone associated
As the Bitcoin and Blockchain are gaining popularity, many enthusiasts have started converting their passion into a new career.In this article, let us learn more about “How to start a career in cryptocurrency” and find out the opportunities for both techies and non-techies. Let's read here
