Blockchain Expo 2021: Crypto investors, CBDC, and retail participation

Cryptocurrencies.

The global blockchain technology market is estimated to accumulate $20 billion in revenue by 2024.

According to a study by Transparency Market Research (TMR), this is largely down to the rapidly rising interest among several giant companies in leveraging the disruptive potential of blockchain.

This, in turn, has created an increasingly competitive vendor landscape. Furthermore, the continuous entry of new players capitalising on the use of the process for practical...

Is blockchain the key to trust in social media?

Social media apps on a smartphone.

The Cambridge Analytica scandal in 2018 drew massive attention to the way in which social media companies handle their users’ private data.

At the time, details regarding how Facebook had been providing users' personal information to third parties made the headlines around the globe, and caused the public to think more carefully about what happens to the personal data they offer social media firms.

Since then, it seems that trust in social media companies has...

Advertising campaign launched to highlight cryptocurrency investment risk

A view of Edinburgh.

UK-based money app Ziglu, which offers people access to a range of cryptocurrencies such as Bitcoin and Ethereum, has launched a new advertising  campaign in Edinburgh with the slogan ‘Scotland, Your Capital is at Risk’.  

It will appear in more than 200 outdoor locations and will run until September 5, 2021. As more people start to invest in cryptocurrencies for the first time and the sector becomes more mainstream, Ziglu has launched its campaign to highlight how...

British firm contracted to develop blockchain capabilities for EU

map of Europe

The EU has chosen London-based startup iov42 to help design and develop European blockchain solutions.

iov42 utlises AI and blockchain to accelerate financial and non-financial transactions. The company staved off competition from more established firms, such as Deloitte, EY and Vodafone, in order to win one of seven contracts handed out by the European Commision, the EU’s is the EU's politically independent executive arm. Collectively, the deals are worth €6.2m...

Rammstein fans can buy €100,000 of NFTs and have dinner with the band’s singer

Rammstein's lead singer during a live performance.

Till Lindemann, the lead singer of German Neue Deutsche Härte band, Rammstein, is giving fans VIP access to himself via NFTs. 

Fans will now have the chance to dine with him in Moscow as part of a €100,000 (£84,705) NFT package. He is also offering digital artwork via NFTs.

Animated clip

Items available inlcude a short animated clip featuring the singer at the State Hermitage Museum in Saint Petersburg, Russia, as well as an unreleased one-shot music...

Blockchain Technology Partners raises £2 million for distributed ledgers tech

A collection of Sterling notes.

Enterprise blockchain firm Blockchain Technology Partners (BTP) has closed a seed round of £2 million.

BTP was founded in 2018 with the mission to bring the benefits of distributed ledger technology to business. BTP enables organisations to build multiparty applications by taking care of the underlying technology infrastructure. The company’s flagship offering, Sextant, radically simplifies the deployment and management of enterprise blockchain infrastructure.

Drastic...

Digital-only cryptocurrency artwork predicted to sell for £200,000+

The Crypto Train artwork.

A digital artwork that only exists as a high-resolution file is expected to surpass its reservation price of £120,000 when its auction by Thomas Crown Art is completed.

‘The Crypto Train’ by British artist Adrian Chesterman is said to showcase the parallel between traditional money and cryptocurrencies like Bitcoin.

NFTs are digital collectibles that are encoded onto a blockchain - the same technology on which cryptocurrencies run - creating a unique digital...

Fujitsu and DCX plan to use blockchain to revolutionise global commodities trading

A person sifting rice in a field.

Fujitsu has partnered with Digital Commodity Exchange Pte. (DCX) to accelerate the digital transformation (DX) of the global commodity trading industry, including the trade of agricultural products such as grains and raw materials for manufactured goods. 

In addition, Fujitsu made an investment in DCX on July 13, 2021, through a fund managed by its subsidiary, Fujitsu Ventures.

DCX is a holding company of Rice Exchange, a digital platform for rice buyers and...

UK advertising watchdog takes misleading crypto marketers to task

Cryptocurrency coins.

The UK’s Advertising Standards Authority (ASA) has vowed to clamp down on misleading marketing for crypto investments.

The move comes as part of a broader effort by regulators to protect consumers who otp to trade in unregulated digital assets.

ASA said it will force the removal of misleading or irresponsible cryptocurrency advertisements, particularly on social media platforms.

Crack down hard

Miles Lockwood, director of complaints and...

Tech Mahindra and StaTwig implement blockchain-based traceability solution for vaccines

Bottles of covid vaccine.

Tech Mahindra, a provider of digital transformation, consulting, services and solutions, has partnered with StaTwig, a digital supply chain solution provider, to implement ‘VaccineLedger’ globally. 

The partnership aims to roll-out a blockchain-based traceability solution for global vaccine supply chain transparency, predict and prevent failures in supply chains, including problems related to expired vaccines, stock out and counterfeiting.

Through this...