Blockchain News

South Korea’s South Jeolla Province has announced plans to spend USD 14 million on a job creation project that will see the region develop new roles in the blockchain technology sector for promising youngsters.

Ethereum (ETH) co-founder Vitalik Buterin has tweeted that EOS, a once-popular blockchain project, stands for “Ethereum on Steroids,” recalling an old joke within the crypto community.

Play-to-earn games have become more than relevant for the blockchain industry, with the number of users increasing exponentially, according to a recent report released by the Blockchain Game Alliance (BGA) and dapp information provider DappRadar. They may be the key to reaching mass adoption, while outpacing decentralized finance (DeFi) and non-fungible tokens (NFTs).

Certain large investment banks are again exploring how blockchain technology and tokenization of assets can make their own operations more efficient -- but for some in the crypto community, the banks’ moves in crypto resemble something they have seen before.

The crypto exchange giant Binance says that it will shut its Singapore exchange and “refocus” its Singapore-based Binance Asia Services operations into what it calls a “blockchain innovation hub.” The move comes just days after the Singaporean subsidiary announced an investment in the Singapore-based Hg Exchange trading platform.

Within a little more than a year, Celo aims to become the fastest among EVM-compatible chains, while improved smart contract functionality is expected as well.

DCash, a central bank digital currency (CBDC) commissioned by the Eastern Caribbean Central Bank (ECCB), has remained offline for more than a month as technical issues continue to impact the platform, triggering growing concern among its users.

On average, blockchain-powered games attracted 1.22m daily unique active wallets (UAWs) this past March, or 2,000% more than a year ago, per dapp (decentralized app) market data provider DappRadar.

Poland’s central bank (Narodowy Bank Polski, NBP) and the country’s largest retail bank seem to be accelerating their respective works on developing digital assets - with the former potentially working on a central bank digital currency (CBDC), and the latter possibly moving to launch its own crypto.

Blockchain-powered voting went ahead for United Russia (known locally as ER) Party primaries over the weekend, with many staying away from polling booths due to the coronavirus pandemic – and instead favoring online platforms that make use of votes registered on a blockchain protocol.