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Clearview

Clearview AI has released an updated face recognition system

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Face recognition developer Clearview AI has released the Clearview 2.0 update, which contains improved biometric identification tools. This is stated in a press release from the company. According to Clearview AI director Joan Ton-Thet, the innovations include image enhancement tools that allow...

Ronin network hack

Ronin Blockchain Platform Was Hacked and Lost Over $600 M

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Hackers managed to steal around $625 M by exploiting the popular web3 video game Axie Infinity’s Ronin sidechain. A press release published by Ronin Network says the platform suspended activities on the bridge and the decentralized exchange platform Katana. It also reveals that starting on March...

Yuga Labs funding round

BAYC Creator Yuga Labs Raised $450 M for Its Metaverse Project

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The company standing behind the development of the Bored Ape Yacht Club, Yuga Labs, attracted $450 M in a recent Series Seeds funding stage. Completing the round, its valuation has reached $4 bln. VC firm Andreessen Horowitz (a16z) led the round. Among investors were game software company Animoca...

BIS CBDCs

BIS Builds a Digital Assets Platform Prototype With Some CBs

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The Bank for International Settlements together with several central banks have built prototypes for bank-issued digital currencies platform. The network will serve for making transactions across borders, boosting their efficiency. BIS and financial authorities of Australia, Malaysia, Singapore,...

Ghana eCedi

Bank of Ghana Says Digital Cedi Will Complement Mobile Money

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The Bank of Ghana (BoG) released a report that said electronic and mobile payment solutions will be used along with the national digital currency, eCedi. The Bank finds the eCedi must complement and enhance current payment methods. It will solve the pain points in the current system such as delayed...

HSBC Sandbox metaverse

HSBC Will Be Present in The The Sandbox’s Virtual Environment

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One of the world’s leading banks, HSBC aims to be a part of the metaverse by collaborating with the blockchain-powered virtual world, The Sandbox. HSBC will obtain a LAND, an NFT representing real estate in the digital world. It becomes the first global financial company to collaborate with The...

Instagram NFTs

Mark Zuckerberg Said NFTs Will Appear In Instagram Soon

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Meta (formerly Facebook) CEO Mark Zuckerberg announced during the annual event South by Southwest (SXSW) that the Instagram team is working on bringing NFTs to the network in the near term. The executive didn't say when exactly it will happen, but mentioned: "hopefully in the coming...

Ethereum 2.0 Kiln merge testnet

The Ethereum Team Announced the Kiln Merge Testnet

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The Ethereum protocol support team published a blog post, announcing that Klin testnet is in the process of launching. Kiln is supposed to be the last merge testnet of Ethereum to switch to the Proof of Stake consensus model. The blog post explains that similar to the Ethereum mainnet, the...

Yuga Labs CryptoPunks

BAYC Creator Yuga Labs Bought CryptoPunks and Meebits

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Yuga Labs, the creator of the well-known NFT collection Bored Ape Yacht Club, revealed acquiring CryptoPunks and Meebits from Larva Labs. The company published a blog post, saying that it gave full commercial rights to the community. With the purchase, Yuga Labs now owns the brands, copyright in...

Polygon outage

Polygon Network Was Down for About 11 Hours

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Ethereum Layer 2 scaling solution Polygon experienced an 11-hours long outage, started on March 10. Developers informed about the possibility of the outage beforehand, saying that there were some issues related to the network's validator layer Tendermint's implementation caused after a recent...

Santander Agrotoken grains

Santander to Present Loans Backed by Agricultural Products

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Spain-based international financial services provider, Santander revealed a collaboration with the tokenization platform for grain-backed assets, Agrotoken. The press release published by the company reveals that due to the partnership, the companies will provide loans with tokens based on soy,...

Immutable Series C investment

Immutable X Closed Series C at $2.5 Billion Valuation

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Immutable X, Ethereum's leading NFT scaling protocol, announced closing Series C round, raising $200 M. Thus, the company's valuation hit $2.5 bln. 1/ Major news: we’re thrilled to announce @Immutable has raised $200M in Series C funding @ $2.5B val.🎉We’re supercharging our mission to make...

Algorand blockchain news

Alogorand Expands Its Smart Contracts Functionality

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The blockchain protocol Algorand announced a technical upgrade to expand its smart contracts functionalities, allowing one smart contract to call another. Due to this option, developers can build more sophisticated apps. The upgrade also provided a new infrastructure that allows the protocol to...

The Sandbox Cube Entertainment

The Sandbox Partners with Cube Entertainment

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Ethereum-based virtual environment The Sandbox has revealed a cooperation with Cube Entertainment, a Seoul-based record label/talent management firm. With this step, The Sandbox will boost K-culture content, focusing on metaverse and non-fungible token possibilities. Animoca Brands, the company...

SEC NFTs

SEC To Probe the NFT Market To See If Token Sales Are Legal

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The Securities and Exchange Commission studies the NFT (non-fungible token) market to see whether the sales comply with the agency's rules. A Bloomberg report, citing people familiar with the subject, says that the focus of the probe is to see if certain NFTs and digital assets can be used to...

Electric Capital fundraising

Electric Capital Announced Raising $1 Bln

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An early-stage venture capital company, looking to invest in crypto, blockchain, fintech, and marketplaces, Electric Capital announced raising $1 B. The VC will use the funds to invest in programmable money and web 3. The sum includes a $400 M fund closed the previous year and $600 M raised last...

Animoca Brands Russian users

Animoca Brands Halts Russian Users According to a Legal Advice

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Animoca Brands, leading gamification, blockchain, and AI company makes its services unavailable for Russian users as the number of sanctions against the country is increasing for invading Ukraine. In an interview with Bloomberg, Animoca co-founder Yat Siu said that the step will affect subsidiaries...

ETHDenver 2022

Community Sums up the Largest Web 3 Event, ETHDenver

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Last week, Colorado capital Denver hosted the 5th annual Ethereum-focused hacking and networking event ETHDenver. The summit welcomed over 12,000 people from different countries, which is the record number of the event's attendees. From February 11 to 17, the kickoff and the...

Blockchain is an extremely popular technology nowadays. Back in 1991, Nick Szabo has described the tech but did not find a way to bring it to life. Two decades later, in 2009, mysterious Satoshi Nakamoto realized Szabo's idea, and blockchain had become the basis of the famous Bitcoin.

And what do we have today? A system that gathers all the cryptocurrencies, that is changing the banking system and brings modifications to our everyday life. P2P transactions, distributed ledgers, and many other technical features are becoming a part of financial systems. Democratic governments are implementing blockchain in more and more fields of public administration, and this is just the tip of the iceberg. And that is the reason to become aware of these innovations.

Our platform will provide you with the latest blockchain news, will notify you about upcoming events, and give you some practical information, which will surely be useful.

It doesn’t matter you are a technical person or not if you are here on Blockchain Today, keep reading our news, be aware of the latest updates in the industry, discuss the articles with the community members, and don’t forget to find us on social media!