Will the next web be built on Ethereum?

    Developers are flocking to the platform’s blockchain, but nimbler rivals are emerging, Richard Waters writes on FT. Is Ethereum the future of the internet? Interest in the Ethereum blockchain has soared over the past year, as developers have turned to it to create a wave of decentralized finance projects, known as DeFi, and unique digital…

    American billionaire investor Orlando Bravo: ‘Crypto is here to stay’

    Orlando Bravo, the co-founder of American private equity firm Thoma Bravo, has batted in favor of cryptocurrencies, predicting a glowing future for digital assets. Bravo revealed his crypto-related projections at CNBC’s Delivering Alpha conference held earlier this week. His private equity company recently participated in a fundraiser for crypto exchange FTX Trading. Bravo firmly believes…

    DeFi bug resulted in an $80 million loss for Compound Finance

    On Wednesday, soon after executing the upgrade, patching minor bugs, Compound Labs reported “unusual activity,” resulting in some users being able to get more COMP tokens than allowable. A bug in the code posed $80 million worth of COMP at risk of unfair distribution. The incident may lead to a COMP price crash. According to…

    Bahrain’s multimillion-dollar data hub to boost digital transformation of the Arab world

    A new tremendous data center is set to be built in the Kingdom of Bahrain. The multimillion-dollar main hub in Bahrain will serve all member states of the Arab League, promoting collective digital transformation across the Arab world. On Sept. 1, The Arab League’s Arab Federation for Digital Economy (AFDE) signed a memorandum of understanding…

    UAE announces CBDC launch after 2023

    As Gulf News reported, the United Arab Emirates plans to implement a central bank digital currency (CBDC) as early as 2023, as outlined in a road map for the UAE economic future. According to the three-year plan for 2023-2026 that announces the launch of its digital currency, the Central Bank of the UAE (CBUAE) intends…

    Blockchain to disrupt the music industry and make it changing

    Blockchain technology is tipping the scales of the music industry, shifting the power from intermediaries back to artists, writes António Madeira on Cointelegraph. Blockchain technology has the power to increase financial inclusion and change the lives of many throughout the world, especially in emerging economies where it’s needed the most. While the potential of blockchain…