NewsRoom Articles - Page 13 of 15

TuesdayMar 19, 2024 12:30 pm

Binance Organizes Web3 Workshop for Law Enforcement to Boost Trust

Earlier this week, cryptocurrency platform Binance announced that it would conduct a Web3 workshop for law enforcement officers from the Keelung District Prosecutors Office in Taiwan. The virtual assets workshop is meant to boost trust and strengthen ties with law enforcement tasked with handling cryptocurrency-related offenses. The move underscores the cryptocurrency platform’s commitment to boosting safety in the nascent Web3 ecosystem and creating a safe and secure environment for users. Binance takes extra care to abide by antimoney laundering regulations and has even applied to register under the Financial Supervisory Commission (FSC) and Money Laundering Act in Taiwan. First reported…

ThursdayMar 14, 2024 12:00 pm

Complex User Interfaces Could Slow Web3 Adoption

Referred to as the third iteration of the World Wide Web, Web3 is based on the concept of verifiable digital ownership. Unlike the current version of the internet, Web3 users have the ability to own and maintain all of the information, digital collectibles, financial assets and more. Web3 is built on decentralized Blockchain technology, the platform that underpins cryptocurrencies such as Bitcoin and provides them with unprecedented control over data, privacy, and security. Although cryptocurrencies have faltered in recent years thanks to the FTX scandal, blockchain technology is still going strong and will most likely play a central role in…

TuesdayMar 12, 2024 12:00 pm

Web3 Researcher Says Blockchain Could Be Instrumental in Taking AI Forward

With the launch of artificial intelligence (AI) tools such as ChatGPT and Sora as well as a myriad of less popular but even more useful AI-based tools, it is becoming increasingly clear that artificial intelligence will play a significant role in our lives moving forward. ChatGPT is already revolutionizing how people write all kinds of content, and companies worldwide are using AI tools to analyze data, improve consumer experiences and optimize their workflows. One Web3 researcher says blockchain technology could accelerate the ongoing AI revolution by granting it much-needed decentralization and democratization. Jasper De Maere, the research lead at crypto-focused…

ThursdayMar 07, 2024 11:15 am

Upcoming Apple Update Could Hamper Web3, Crypto Apps in the EU

The tech community is buzzing with concern and speculation about the possible impact of the next iOS update by Apple on the Web3 app and crypto ecosystem in the European Union. The center of this issue lies in Apple’s decision to remove progressive web apps on its devices. This initiative could significantly change the sector for users and developers alike. At first sight, the move appears to be a step forward in complying with the Digital Markets Act under the European Union. This act is focused on encouraging a more competitive digital market. It may have unforeseen consequences, however, especially…

TuesdayMar 05, 2024 10:30 am

Polygon, MasterCard Announce Musician Accelerator Program Backed by Web3

MasterCard has partnered with blockchain platform Polygon to create the MasterCard Artist Accelerator, a groundbreaking musician accelerator program that will leverage Polygon’s technology to help emerging musicians use Web3 to grow their careers. The payment network processor will also include a MasterCard Music Pass in the program to provide emerging artists beyond the group selected for the accelerator with unique opportunities and educational resources via NFTs. MasterCard’s entry into the blockchain space is poised to launch in spring and will connect industry mentors, including producers, musicians and DJs, with five aspiring artists from across the globe. The artists will receive…

ThursdayFeb 29, 2024 12:00 pm

Binance Updates Web3 Wallet, Adds Inscriptions Marketplace

Recently, Binance announced that it had updated its Web3 Wallet to support ERC-404 tokens. ERC-404 is a new standard for digital assets on the ethereum blockchain. It combines the characteristics of non-fungible tokens (NFTs) and fungible tokens. The aim of this new standard is to bring liquidity and fractionalization to non-fungible tokens. Binance also revealed that it had introduced an Inscriptions marketplace. Binance is the leading cryptocurrency exchange globally in terms of daily trading cryptocurrency volume, catering to more than 160 million registered users in some 180 nations. These updates are part of the company’s efforts to simplify asset management…

TuesdayFeb 27, 2024 10:30 am

Japan Cabinet Approves Bill Allowing VCs to Invest in Web3 Cryptocurrency Tokens

Japan’s cabinet has approved a bill that would allow limited liability partnerships (LLPs) including venture capitalist (VC) firms to invest in Web3 cryptocurrency tokens. Called the Industrial Competitiveness Enhancement Act, the measure is meant to advance the creation of new business and investment in Japan’s industries. If the legislation passes, it would loosen Japan’s strict VC cryptocurrency investment rules and finally grant Web3 startup firms that only issue cryptocurrencies access to venture capitalist funding. Local media reported that the national cabinet approved certain revisions to the proposed measure such as adding cryptocurrency assets to the list of assets that can…

ThursdayFeb 22, 2024 11:30 am

How Public, Private Entities Can Bolster Cybersecurity as Web3 Gains Traction

Web3’s future will depend on the deployment of precise and effective cybersecurity to ensure digital transactions and assets are secure. Considered the next iteration of the internet, Web3 is built on decentralized blockchain technology and is controlled by users communally. With the global digital landscape predicted to develop and expand rapidly in the coming years, cybersecurity is becoming even more crucial. However, the nascent Web3 industry still struggles to maintain comprehensive security and has dealt with cyber threats several times in the past. In most cases, unscrupulous players and general human element are responsible for the cyber threat against Web3…

TuesdayFeb 20, 2024 10:15 am

How Web3 Is Revolutionizing Japan’s Gaming Industry

Japan’s gaming sector was once the most dominant on the globe as companies such as Sega and Nintendo captured the majority of the console game industry and released hundreds of classic games. Cultural icons such as Pokemon emerged from China and were among the first games to blur the line between the digital and physical world. The industry began to decline more than a decade ago with the introduction of stronger game consoles such as the Xbox. Japanese developers had trouble adapting to consoles with PC architecture while Western developers were already well versed in developing games for PC, giving…

ThursdayFeb 15, 2024 11:30 am

Next Phase of Web3 to Rely on Zero-Knowledge Technologies

Since 2023, the zero-knowledge industry has grown, with ongoing developments bringing us closer to accessing the full benefits of decentralized virtual platforms. This comes at a time when decentralized finance platforms have demonstrated vulnerabilities to data breaches and technical inefficiencies have constrained the development of decentralized systems. It is expected that continued growth will see a proliferation and diversification of use cases, such as advancements in compliance, privacy and data protection. By affording blockchain developers more efficient and secure tools, we will start to realize the benefits of zero-knowledge technology, particularly in 2024 as the tech is applied in more…

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