Blockchain News

The United States Senate Committee on Armed Services directed the Secretary of Defense, Retired General Lloyd Austin, to test potential applications of blockchain technology for supply chain management and other national security applications within the US Department of Defense (DOD). The US Senate Committee on Armed Services issued the report for the fiscal year 2025 […]

Nigeria intends to build a blockchain system to cater to local needs and boost its “data sovereignty.” Nicknamed Nigerium, the blockchain will be built by the country’s National Information and Technology Development Agency (NITDA). However, a spokesperson for NITDA told Decrypt on Monday that there is no timeline for its development and implementation. “[The] committee […]

Dubai Customs has introduced a new blockchain platform to enhance transparency in commercial operations within and across its borders, Gulf News reported July 8. The initiative seeks to bolster collaboration between government entities and the logistics industry, aligning with the Emirate’s broader blockchain strategy for digital transactions and web3 adoption. Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs, […]

Blockchain bug bounty platform Immunefi and the Ethereum Foundation today announced a partnership to launch a large-scale crowdsourced collaborative network audit of the Ethereum blockchain protocol called an “Attackathon.” The Attackathon is aiming to be the largest-scale crowdsourced security audit contest conducted on the code of the Ethereum blockchain protocol. Ethereum is a decentralized, open-source […]

Germany’s bitcoin (BTC) sales and Mt. Gox’s reimbursements have recently shaken up the crypto market, and the drama may not be over yet. The Eurozone’s biggest economy still holds 39,826 BTC worth $2.2 billion, according to data tracked by Arkham Intelligence. The pending coin stash, a potential selling pressure, represents nearly 9% of BTC’s 24-hour trading volume of $25.3 billion, suggesting further […]

In the world of cryptocurrency, a project with ties to the popular messaging app Telegram has been making waves this year. The Open Network (TON) blockchain, which is associated with Telegram Messenger LLP, has seen a notable surge in value even amidst a broader rally in the crypto sector, Bloomberg reported Friday (July 5). With […]

The National Information Technology Development Agency (NITDA) has aired its plan to develop an Indigenous blockchain dubbed “Nigerium” to protect the country’s data and promote national security. This move was prompted by the revelation that most popular blockchain technologies out there like Ethereum were being controlled by foreign developers who may not prioritize Nigeria’s interest. […]

Compliance with anti-money laundering (AML) and Know Your Customer (KYC) laws and regulations is often a foremost concern for digital assets companies. Despite efforts to monitor and detect fraud, digital asset companies face significant challenges due to the advances in technological threats, including generative AI. Gen AI can produce highly realistic deepfakes, false documentation, and […]

Lucky Uwakwe, chairman of the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), has emphasized the importance of using artificial intelligence (AI) to preserve African languages at risk of extinction. In a recent interview with Cointelegraph, Uwakwe highlighted the urgent need to protect languages, as fewer people speak them due to various socio-economic factors. Uwakwe pointed […]

Israeli blockchain data management startup SendBlocks has raised $8.2 million in seed funding. The company, which has just emerged from stealth, announced the funding in a news release Wednesday (July 3) that also outlined its platform, which lets blockchain enterprises, ecosystems, protocols and applications “define the data that matters to them,” and leave it to the company to sort […]