Tagged: distributed ledger technology

May 21, 2020 @ 5:51 pm By Omar Faridi  |  

Argentina-based Fintech firm Koibanx has maintained operations in the Latin American region, well before the COVID-19 outbreak led to major changes in the daily lives of the area’s residents. Despite the economic challenges associated with expanding a business during these difficult times, Koibanx is planning… Read More

May 20, 2020 @ 11:33 pm By Omar Faridi  |  

  South Korea’s Fintech sandbox program has reportedly acquired $111 million in funding. The initiative is expected to create 380 new jobs, locally. South Korean officials confirmed that the financial technology regulatory sandbox had secured KRW 136.4 billion in capital, and that they’re expecting the… Read More

May 20, 2020 @ 10:57 pm By Omar Faridi  |  

Leading Chinese digital bank, WeBank, has teamed up with OpenNodes, a distributed ledger technology (DLT) platform developed by the Singapore-based Infocomm Media Development Authority, a statutory board of the nation’s government, under the Ministry of Communications and Information. WeBank will provide the FISCO BCOS blockchain-enabled… Read More

May 20, 2020 @ 9:16 am By Omar Faridi  |  

The developers of AVA, a platform that aims to democratize capital markets while bridging or connecting all distributed ledger technology (DLT) platforms together into a single interoperable ecosystem, have awarded the first class of grants through their project accelerator program, AVA-X. As noted in a… Read More

May 19, 2020 @ 11:45 pm By Omar Faridi  |  

Smart contract security firm Chainlink and blockchain startup Kadena are working cooperatively to integrate Chainlink’s decentralized oracle network to Kadena’s layer-1 proof-of-work (PoW)-based public blockchain network. Enterprises and business owners working with Kadena will be able to use Chainlink oracles to write end-to-end Pact smart… Read More

May 19, 2020 @ 3:01 pm By Omar Faridi  |  

Leading multinational digital asset exchange Binance has reportedly registered a new domain name with the government in China. Public records show that the Chinese Ministry of Industry and Information Technology has approved Binance’s requested domain name (binance.cn). The approval was granted in April 2020. Records… Read More

May 19, 2020 @ 12:42 am By Omar Faridi  |  

JCB, which is Japan’s largest credit card issuer, has teamed up with Tokyo-based TECHFUND, a leading technology accelerator, in order to develop a sustainable blockchain-powered transaction system. As noted in a May 15 announcement, the partnership will involve leveraging TECHFUND’s expertise on cryptocurrency staking and… Read More

May 18, 2020 @ 12:12 am By Omar Faridi  |  

A recent report from VC research firm, Ana.vc, reveals that there was a significant 57% decline in total funding allocated to digital assets and Fintech-focused projects during April 2020. Although there has been a considerable decline in cryptocurrency-related investments, the decentralized lending sector seems to… Read More

May 17, 2020 @ 11:12 pm By Omar Faridi  |  

  Michael Klein, the Blockchain and Multiparty Systems Architecture Lead at Accenture and Hart Montgomery from Fujitsu Laboratories announced on May 13, 2020, the launch of an open-source blockchain integration framework. The distributed ledger technology (DLT) framework has been developed with the help of Fortune 500… Read More

May 17, 2020 @ 4:09 pm By Omar Faridi  |  

Singapore-based Anquan Capital Pte. Ltd, a group of technology firms, has teamed up with the Fintech division of Germany’s WEG Bank AG, which offers services under the TEN31 brand name. Anquan Capital has established several innovative tech companies including Anqlave, Aqilli, and Zilliqa. TEN31 Bank,… Read More

May 16, 2020 @ 9:12 pm By Omar Faridi  |  

A proposal to redenominate Polkadot’s DOT tokens has been shelved for the time being by the Web3 Foundation, a Switzerland-based non-profit entity that supports the growth and development of technologies and applications in the fields of decentralized web software protocols. Polkadot is a sharded protocol… Read More

May 15, 2020 @ 4:46 pm By Omar Faridi  |  

Hedera Hashgraph, a decentralized public network where “anyone can carve out a piece of cyberspace to transact, play, and socialize in a secure, trusted environment,” may offer “Consensus-as-a-Service” for blockchains or distributed ledger technology (DLT) networks. Hedera is a leading provider of enterprise-grade DLT solutions…. Read More

May 13, 2020 @ 1:44 pm By Omar Faridi  |  

A group of researchers claims that most of the digital transactions on EOS, Tezos (XTZ) and with the Ripple company-associated XRP virtual token don’t actually transfer any “value.” Research published on arXiv reveals that merely 2% of transactions conducted on the XRP ledger and only… Read More

May 12, 2020 @ 8:46 pm By Omar Faridi  |  

A limited-edition “cassette tape” produced by Grammy award-winning DJ André Allen Anjos (aka RAC) has been tokenized and released on Zora, an Ethereum-powered digital marketplace. Zora’s developers first gained recognition last year, when they launched Saint Fame, a decentralized autonomous organization (DAO) that has developed… Read More

May 11, 2020 @ 2:56 pm By Omar Faridi  |  

The developers of the Loom Network, a platform-as-as-service blockchain initiative, seemed to have abandoned their project or become inactive. However, representatives from Loom reportedly told Cointelegraph that the project is not “dead,” as several social media users and community members had claimed. After CEO Matthew… Read More

May 10, 2020 @ 6:44 pm By Omar Faridi  |  

Qatar’s central bank (QCB) has proposed a second strategic plan which involves establishing clear policies that aim to support venture capital funding and the development of SMEs, according to Sheikh Abdulla bin Saoud al-Thani, the governor at QCB. The Qatar Development Bank (QDB), a local… Read More

May 8, 2020 @ 7:48 am By Omar Faridi  |  

Revenues from Fintech are expected to increase from $150 billion in 2018 to $500 billion by 2030 at an average annual growth rate that’s about 3x faster than the larger financial industry’s projected revenue growth, according to a recent report from UBS. The report notes… Read More

May 7, 2020 @ 7:41 am By Omar Faridi  |  

Nervos, an open-source public blockchain platform, revealed on May 6, 2020, that it has established CKLabs, a virtual incubator for startups and teams working on distributed ledger technology (DLT)-focused initiatives. Nervos’ program will offer equity-free funding to early-stage blockchain projects. It will also provide dedicated… Read More

May 5, 2020 @ 12:25 pm By Omar Faridi  |  

Germany-based Black Manta Capital Partners, a security token offering (STO) platform, has teamed up with Finoa, a digital asset custody firm, in order to offer custody solutions for security tokens to institutional clients. Both companies aim to work together to create a compliant security token… Read More

May 4, 2020 @ 9:33 pm By Omar Faridi  |  

The Coronavirus (COVID-19) outbreak has made it quite difficult for the United States Congress to conduct meetings and deliberate. Lawmakers have offered suggestions regarding how to keep things going during the ongoing crisis. As mentioned in a Senate memo posted on April 30, 2020, blockchain-based… Read More