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Deutsche Bank and Standard Chartered Venture into SWIFT Alternative for CBDCs
27.10.2023
Deutsche Bank and Standard Chartered’s venture arm SC Ventures are exploring a solution that aims to enable seamless communication between blockchain-based transactions, stablecoins, and central bank digital currencies (CBDCs). The two banks are actively testing the concept using...
Zero-Knowledge WaaS a Prospective Standard Configuration for Web3 Application-Layer Products — Pengyu Wang
26.10.2023
According to Pengyu Wang, the founder of Particle Network, developer solutions known as zero-knowledge wallet-as-a-service (ZK-WaaS) embody Web3 principles and “are highly performant” which in turn makes them “an evergreen solution that will become the industry...
L2 Scaling Solution Polygon Rolls Out POL Smart Contract on Ethereum Mainnet
26.10.2023
Polygon Labs, makers of the Polygon network, has announced the rollout of its much anticipated POL smart contract token on the Ethereum mainnet. The Polygon team shared this exciting development on X (formerly Twitter), explaining that the new token upgrade is intended to replace the age-old MATIC...
'Every customer solution' will be integrated with AI: Microsoft CEO Satya Nadella
21.10.2023
In an annual letter, Satya Nadella outlined Microsoft's plans for AI, which includes integrating the AI and its Copilot across the firm’s “most used products.”
Bank of Finland Initiates Development of Finnish Instant Payment Solution Aligned with European Standards
19.10.2023
The Bank of Finland (BOF) has taken the lead in spearheading the development of a Finnish instant payment solution that aligns with European standards.
During this year's fifth Euro and economy publication event on October 19, Tuomas Välimäki, a member of the Governing Council of the European...
Report: Valr Partnership With Visa to Expand the Reach of the South African Crypto Exchange
18.10.2023
The South African crypto exchange Valr said its partnership with the global card firm Visa is set to expand the former’s reach. The two companies said they would work on a solution that enables Valr customers to use the card firm’s network to make or receive payments. Harnessing Visa’s...
Swiss Bank Offers Clients Crypto Lending Product
18.10.2023
Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their original crypto investments. Switzerland-Regulated...
Ethereum Layer-2 Scaling Solution Scroll Goes Live
17.10.2023
Scroll, an Ethereum layer 2 (L2), has announced the launch of its zkEVM mainnet, which allows developers to have increased speeds, latency, and lower fees to build decentralized applications (dApps).
According to the open letter by the L2 network blog on October 17, the launch of Scroll mainnet...
Liquid Staking Solution Lido Winds Down Solana Staking Following Community Vote
17.10.2023
Lido Finance, a decentralized liquid staking platform, is ending its Solana (SOL) operations after the DAO community voted in favor of sunsetting the Lido on Solana protocol.
Per Lido’s blog post on Monday, the process of shutting down Solana staking product will “begin shortly” phasing out....
Chinese Bank Rolls Out Digital Yuan Supply Chain Financing Solution
17.10.2023
More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains.
Per Xinhua (via the People’s Daily), the Agricultural Bank of China will work on a solution with Luzhou Laojiao.
The latter is a traditional alcohol...
Mastercard Demonstrates New Solution for CBDC Tokenization
14.10.2023
Mastercard says its new solution that enables central bank digital currencies (CBDCs) to be tokenized or wrapped onto different blockchains provides consumers with “a new option to participate in commerce across multiple blockchains with increased security and ease.” A Mastercard...
Today in Crypto: Swarm Launches EU-compliant KYC Solution for Tokenized Securities, CoinList Reveals Fund for US Investors to Stake Crypto
13.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Swarm Launches EU-compliant KYC Solution for Tokenized Securities, CoinList Reveals Fund for US Investors...
JPMorgan’s Tokenized Collateral Network Facilitates Blackrock-Barclays Trade
13.10.2023
Banking giant JPMorgan Chase has debuted its blockchain-based collateral settlement system. Blackrock became the first client to use JPMorgan’s Tokenized Collateral Network (TCN). The world’s largest asset manager used the system to convert shares in one of its money market funds into digital...
Examining Crypto: Was It Ever More Than a Solution in Search of a Problem?
12.10.2023
As FTX executives testify to the sheer magnitude of ex-boss Sam Bankman-Fried’s seismic crypto fraud during his trial, some can’t help but wonder what legitimate purpose the industry can ever actually serve.
In an opinion piece for the Wall Street Journal on Wednesday, contributing columnist Adam...
The Blockchain-Based Solution Poised to Improve Our Financial Lives
11.10.2023
Tokenization grabs headlines, but digital wallets hold tremendous promise, too
Ethereum’s game changing two-tiered staking for enhanced security and scalability
11.10.2023
Ethereum is the second-largest crypto in terms of market cap and the first blockchain-based smart contract to undergo a historic transformation from an energy-intensive mechanism of proof of work (PoW) to a more eco-friendly consensus mechanism of proof of stake (PoS). PoS fundamentals have...
Circle Begins Native Minting of USDC Stablecoin on Layer-2 Scaling Solution Polygon
10.10.2023
Circle, the stablecoin issuer, has announced its plans to begin minting USD Coin (USDC) directly on the Polygon network.
According to a press release issued on Tuesday, USDC is now accessible to users and developers on the Ethereum layer-2 scaling solution.
This ends the bridged USDC from...
The Economic Engine of War — Tracing Fiat Currency’s Role in Global Conflicts
10.10.2023
When Satoshi Nakamoto created Bitcoin, many viewed it as a solution to the drawbacks of fiat money. Historically, about 800 fiat currencies have come and gone, with many ultimately failing. Intriguingly, the fundamental reasons for establishing the fiat system remain elusive to many. Some argue...
Tackling the Ticket Scalping Scourge With Blockchain-Based Solutions a ‘No-Brainer’ Says Mohammed El Kandri
29.9.2023
According to Mohammed El Kandri, event organizers battling the ticket scalping problem have a greater chance of overcoming this challenge if they deploy a blockchain-based ticketing solution. A blockchain-based solution allows event organizers to issue digital tickets that are “tamper-proof...
Buenos Aires Releases Blockchain Digital Identity Solution Powered by Matter Labs’ ZK Proofs
28.9.2023
Citizens of Buenos Aires can access the identity solution, the QuarkID wallet, where they can store their birth and marriage certificates, according to the city government