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Blockchain in many cases is not needed, Birmingham University’s research reveals

New research from the University of Birmingham has found that, in most cases , the use of blockchain may not be needed . Blockchain technology may not be needed in many cases , according to new research from the University of Birmingham. The study, led by Dr. Joseph Preece, a computer scientist at the University of Birmingham, highlights potential drawbacks in the decision-making process regarding blockchain usage. In an interview with Tech Xplore, Preece explained that when businesses consider whether to implement blockchain, they often turn to Blockchain Decision Schemes (BDSs) for guidance. Preece particularly expressed concerns about the overwhelming number of Flow Chart BDSs (FC-BDSs) available to assist in determining the appropriateness of blockchain for their needs. You might also like: Video game Doom from 1993 goes live on Dogecoin blockchain The study identified an “imbalance in recommendations towards avoiding blockchain usage versus employing it,...

Bitcoin ETF momentum runs out as crypto market enters summer slump: Report

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DeFi and NFTs remain deep in the bear market while crypto stocks see an upside. After June gave Bitcoin (BTC) a boost with BlackRock’s application for spot Bitcoin exchange-traded fund (ETF), July sent its price into a summer slump . Only some altcoins managed to perform well in response to Ripple Labs’ partial victory against the United States Securities and Exchange Commission. XRP (XRP), the most obvious beneficiary, posted a monthly close of +49%. The overall response of market s to the result of the lawsuit was much more muted than many anticipated, as a ruling on XRP’s sales does not easily generalize to other coins and tokens. The SEC is now firmly expected to appeal, and market activity has been generally waning over the summer months. Exploring how the various sectors of the digital asset space have performed in this environment, Cointelegraph Research’s “Investor Insights Report” offers a concise monthly round-up of everything going on in crypto. It dives into venture ca...