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Blockchain Goldman Sachs has filed a patent with the US Patent office for a piece of blockchain technology it hopes to integrate with its settling mechanism — outlining the technical and computational requirements for the bank to use blockchain. Blockchain with joint claims on tokens The document, Patent no: US 11, 605, 143 2B, was filed by the bank on March 14. It sets forth the technical aspects of smart contracts applied to financial instruments such as fractional reserve banking, insurance, bonds, securitized products, and margin loans. The patent application includes a computer-implemented method of providing joint claims to tokens.…

NFT When the biggest retailer in the world hints that it might get into the NFT game, tongues naturally start wagging. From the looks of it, many of the NFT space’s top players are on board with Amazon joining the fray, curious to see how one of web2’s biggest success stories fares with its expansion into web3 and blockchain technology. “This will be a game-changer in the NFT, digital collectibles space,” said Dave Broome, CEO of Orange Comet, the prolific NFT studio behind collections tied to high-profile individuals and intellectual property like Academy-award winning actor Anthony Hopkins, NBA legend Scottie…

Player-first Web3 gaming studio, Bloxmith, has launched the beta version of Raiders Rumble, an epic squad-battler strategy game for mobile devices. The title combines the best of traditional and blockchain gaming, allowing both Web2 and Web3 players to participate in PvP tournaments and win amazing prizes.As of March 13, Raiders Rumble is available on both the Google Play Store and the App Store. Players can join either marketplace and download it to start partaking in various battles. Interestingly, players don’t need a crypto wallet or to buy NFTs to get involved.Raiders Rumble comes in as a skill-based, fast-paced game that…

NFT Web3 gaming is on the rise, but it has yet to find a wider audience beyond crypto. Developers attempting to introduce digital assets (like NFTs) have meanwhile faced fierce backlash from gamers who see them as nothing more than another cynical cash grab in an industry that often nickel-and-dime players. “There’s some bad branding around NFTs in general,” Chris Gonsalves, CEO of Web3 esports platform Community Gaming, told Decrypt at ETH Denver. “Game developers should switch to calling them digital assets, digital collectibles, [or] legendary skins. Gamers are used to buying skins; they’re used to buying items.” Community Gaming…

beginner Cardano is a third-generation blockchain platform that promises to deliver scalability, security, and sustainability to the crypto world. ADA, Cardano blockchain’s native cryptocurrency, is one of the most popular cryptocurrencies on the market today. With a team of over 260 experts from all over the world, Cardano is one of the most ambitious projects in the crypto space. Cardano is often compared to Ethereum, the second-largest crypto platform, but its creator Charles Hoskinson stated that Cardano is “100 times more scalable” than Ethereum and even called it an “Ethereum killer.” Sounds brilliant. But what happens when expectations meet reality?…

Blockchain Coinbase is busy bringing decentralized finance (DeFi) applications UniSwap and Aave to Base, the U.S.-listed exchange’s layer 2 (L2) network that was launched last month. Coinbase’s Base L2 is built using the Ethereum scaling protocol Optimism, and uses Ethereum’s native cryptocurrency ETH for fees on the network. “Coinbase is in the process of recruiting a bunch of protocols to Base. UniSwap and Aave are two of those,” said a person familiar with the situation. UniSwap will probably appear on Base within a couple of months, the person added. Decentralized apps have held up well amid the turmoil that is…

On Jan. 25, the Committee on Elections introduced a bill to the Kansas House of Representatives aimed at capping political donations via crypto at $100. Regardless of the success of this legislative initiative, the state of Kanzas won’t be the first jurisdiction to target anonymous donations. From authoritarian nations like Russia or China to electoral democracies like Ireland or Canada, one can find recent attempts to ban crypto donations to politicians all around the globe. The opponents of crypto may have a strong point — it’s hard to imagine a healthy democracy where large sums of untraceable money are flowing between…

Blockchain Blockchain operator Tassat announced March 14 that it will provide access to the United States Federal Reserve’s FedNow payment system. FedNow, which will launch as a pilot project later this year, will provide real-time, round-the-clock payment service. Tassat will serve as a business-to-business onramp for FedNow through a client-facing application programming interface (API), CEO Kevin Greene told Cointelegraph. Both the company’s interbank and intrabank services will provide FedNow access. The FedNow pilot is expected to begin in June or July with a small number of banks. The system will offer real-time gross settlement by funneling commercial bank money from…

NFT Bitcoin nonfungible tokens (NFTs) have captured the crypto world’s attention fast, opening new opportunities for the oldest blockchain and digital art enthusiasts. Since their explosion in 2020, NFTs have been typically minted and traded on Ethereum-based platforms, besides other blockchains, such as Cardano and Solana. However, a new protocol known as Ordinals was launched in January 2023 by former Bitcoin Core contributor Casey Rodarmor, who exploited the 2021 Bitcoin Taproot upgrade to expand the cryptocurrency capability and enable on-chain Bitcoin-native NFTs. Taproot offered a way to expand the base layer’s block capability by condensing the size of transactions requiring…

NFT Apple’s continued enforcement of in-app purchases to sell services remains a trade-off for NFT applications looking to tap into the convenience of streamlined in-app purchases for iPhone users and a massive user base around the world. As previously reported, Apple maintains strict rules for nonfungible token (NFT) apps, enforcing a 30% commission on the sale of NFTs through in-app purchases. The enforcement of this 30% commission has been a sore point, with Coinbase Wallet seeing an update to its application blocked by Apple in December 2022. This was due to Apple suspending the latest app release until Coinbase Wallet…