Intel is working on a crypto mining CPU
Intel will launch a blockchain accelerator processor this year. The CPU is suitable for running blockchain algorithms and crypto mining, among others.
The blockchain accelerator processor enables so-called SHA-256 algorithm to be run. These algorithms are often used for mining cryptocurrencies a... Read more
European Union starts developing Web3 technology
Gaia-X, an EU initiative, is collaborating with Vereign and DAASI International to develop 'Self-sovereign Identity' (SSI) technology. Users of SSI technology receive a 'wallet' in which their personal data is stored. Any processing of personal data is recorded in a blockchain.
The concept is st... Read more
Google CEO on Web3: ‘we want to support it as best we can’
Google is venturing into the untamed territory of non-fungible tokens, cryptocurrency and Web3.
At a yearly earnings call, Google CEO Sundar Pichai was about Google's vision for Web3. "Any time there is innovation, I find it exciting. I think it's something we (Google) want to support the best w... Read more
Google Cloud launches team to help users develop blockchain apps
Google is putting together a digital assets team to help its cloud customers build blockchain-based apps, according to a Thursday report. Richard Widmann, the head of strategy for digital assets at Google Cloud, spoke to CNBC and said the company plans to hire several people with blockchain experti... Read more
BCB Group bring in $60 million for expansion in Europe
The BCB Group is making strides in the Crypto market and has secured $60 million in funding for its expansion into Europe.
BCB Group is a London-based digital asset technology provider. They recently closed off their series A funding amassing $60 million to expand into the European market.
Th... Read more
‘Google is developing blockchain and p2p projects’
Bloomberg reports that Google has revived Google Labs with research projects on blockchain and peer-to-peer (p2p) technology.
According to Bloomberg, Google has revived its Google Labs research department. The research department is said to be researching blockchain and p2p technology for storag... Read more
NEAR Foundation raises $150 million to speed up Web3 mass adoption
The NEAR foundation has raised $150 million in new funding to speed up its mission to help billions of people learn about and use the blockchain and other decentralized technologies that drive the emergent Web3.
The funding round was led by Three Arrows Capital, with participation from Circle Ve... Read more
A dumb ‘smart contract’ bug allowed a hacker to steal $31 million
MonoX Finance, a blockchain startup, announced on Wednesday that a hacker siphoned off $31 million in digital coin by exploiting a bug present in the software the startup uses to draft smart contracts. The company leverages a decentralized finance protocol called MonoX that allows users to trade di... Read more
Telefonica launches document authentication service using blockchain
On Thursday, Spanish telecom company Telefonica Tech announced the launch of a new documentation authentication service, leveraging blockchain technology, with legal support.
The technology will be supported by the company’s own TrustOS managed blockchain service and will combine the user’s ... Read more
VMware releases blockchain service
VMware has released its blockchain product. With VMware Blockchain, companies can set up networks and decentralised applications.
With the new product, VMware focuses mainly on the financial market. The blockchain is intended to ensure that different parties can safely exchange information, with... Read more