Tagged: dlt

February 8, 2021 @ 9:52 am By Omar Faridi  |  

Aave (AAVE), an open-source and non-custodial protocol to earn interest on deposits and borrow assets, handled $2 billion in flash loans in 2020. Aave is basically a borrowing and lending platform that supports flash loans, which are “rapidly executed loans borrowed that are paid back… Read More

February 7, 2021 @ 5:53 pm By Omar Faridi  |  

Chintai, which offers digital asset technology for capital markets, recently explained why it’s important to know about “geo-fencing” when engaging with regulated crypto-assets and related products and services. Chintai claims that EOSIO software, which powers major blockchains such as EOS,  and ProFi (or programmable finance,… Read More

February 6, 2021 @ 3:38 pm By Omar Faridi  |  

Jeffrey Amico, Counsel at VC firm Andreessen Horowitz, notes that cryptocurrency protocols are supposed to be governed by these so-called “decentralized” communities of stakeholders. Amico explains that it’s not necessarily the case that decentralized communities are more efficient, or “important” for various ideological reasons, but… Read More

February 6, 2021 @ 9:29 am By Omar Faridi  |  

The team at digital asset exchange Kraken notes that the rise of decentralized finance (DeFi) has brought a wave of innovation to the broader cryptocurrency and blockchain space, and it has also provided the opportunity for investors to generate substantial returns on their investments or… Read More

February 5, 2021 @ 8:51 am By Omar Faridi  |  

Balaji S. Srinivasan, a prominent angel investor and entrepreneur, says that Fintech is “the frontend,” while crypto is like “the backend.” Balaji, the former CTO at leading digital asset exchange Coinbase, points out that Fintech and blockchain/crypto technologies have been “built mostly in parallel over… Read More

February 5, 2021 @ 8:07 am By Omar Faridi  |  

  Garrick Hileman, Head of Research at Blockchain.com and visiting fellow at the London School of Economics, says that the future “doesn’t look like Robinhood.” Hileman writes in a blog post that “disgust over GameStop’s trading shutdown” will most likely accelerate the adoption of decentralized… Read More

February 4, 2021 @ 5:34 pm By Omar Faridi  |  

Digital asset exchange Coinbase recently published its Around the Block #11: “A snapshot of decentralized finance (DeFi) and two sides of the crypto regulatory spectrum” (report), which aims to cover important issues in the crypto and blockchain industry. In this latest edition, released on February… Read More

February 4, 2021 @ 12:10 pm By Omar Faridi  |  

Switzerland is currently home to around 130 startups that are actively applying blockchain or distributed ledger tech (DLT) to improve processes in the finance sector, according to new data from Swisscom. The majority of these firms (48%) offer services related to banking infrastructure, with many… Read More

February 3, 2021 @ 11:55 pm By Omar Faridi  |  

Switzerland-based Sygnum Bank, a licensed digital asset bank founded on “Swiss and Singapore heritage” operating globally, and Fine Wine Capital, a privately-held specialist trading firm with a special focus on the fine wine market, have reportedly tokenized a range of premium investible wines. This initiative… Read More

February 3, 2021 @ 8:58 pm By Omar Faridi  |  

BNP Paribas Asset Management and the CAIA Association and Hong Kong-based Liquefy have released a research paper covering how tokenization may be used to offer improved access to illiquid alternative investments. The joint paper explains how tokenization may have a lot of potential for use… Read More

February 3, 2021 @ 7:53 am By Omar Faridi  |  

Existing virtual currencies are unlikely to last, according to Bank of England governor Andrew Bailey. Decentralized cryptocurrencies like Bitcoin (BTC) or Bitcoin Cash (BCH) don’t have the appropriate structure to work as a viable long-term payments method, according to Bank of England (BoE) governor Andrew… Read More

February 2, 2021 @ 10:54 pm By Omar Faridi  |  

Decentralized Oracle network developer Chainlink (LINK) has joined the UNESCO Global Education Coalition in order to advance or promote smart contract education internationally. Chainlink confirmed on January 29, 2021 that it has now joined the United Nations Educational, Scientific, and Cultural Organization (UNESCO) Global Education… Read More

February 1, 2021 @ 10:04 pm By Omar Faridi  |  

Singapore-based ECXX Global, an asset-based digital securities exchange, has revealed that it will be working with regional brokerage UOB Kay Hian in order to bring in deep tech startups to their network and give them the chance to list through Securitized Token Offerings (STOs) so… Read More

February 1, 2021 @ 8:30 am By Omar Faridi  |  

We recently connected with Dr. Amrit Kumar, President and Chief Scientific Officer of Zilliqa, an enterprise-grade blockchain development platform. Many of the more popular iterations of blockchain are not sufficiently robust to handle the high transaction rates needed today – not to mention what businesses… Read More

January 31, 2021 @ 3:27 pm By Omar Faridi  |  

Jonah Schulman, the Head of Marketing at Security Token Market,  a US-based company focused on a listing website for Security Token Offerings (STOs) from all over the world, says that when he says “no” to US equities and “yes” to security tokens, he’s “actually saying… Read More

January 31, 2021 @ 2:22 pm By Omar Faridi  |  

Alchemy Pay has introduced a $500,000 Payment Ecosystem Incentive Fund in order to accelerate development in the blockchain-focused payments sector. Alchemy Pay, which claims to be a pioneer of the world’s first hybrid fiat and crypto payment system, notes that the digital currency space has… Read More

January 30, 2021 @ 2:58 pm By Omar Faridi  |  

Global Fintech firm Circle has revealed that its APIs now support ACH payments and payouts. Circle explains that ACH support allows clients to provide “seamless” bank transfers to and from USDC, which is a major stablecoin (or digital asset pegged to the US dollar). Circle… Read More

January 28, 2021 @ 10:46 pm By Omar Faridi  |  

The Regtech Working Group, formed by the Steering Committee of Australia’s National Blockchain Roadmap, is currently undertaking a consultation in order to gain a better understanding of the wide-ranging views and perspectives regarding the use and adoption of distributed ledger technologies (DLT). The consultation is… Read More

January 26, 2021 @ 9:02 pm By Omar Faridi  |  

Blockchain security firm CipherTrace notes that during her confirmation hearing on January 19, Dr. Janet Yellen, US President Joe Biden’s pick for Secretary of the Treasury, had said that “many” virtual currencies remain “a particular concern” when it comes to terrorism and criminal financing (and… Read More

January 25, 2021 @ 10:43 am By Omar Faridi  |  

The blockchain and digital assets space is well-positioned for even more growth and adoption in 2021 by mainstream consumers and institutions. The COVID-19 outbreak has dramatically accelerated the shift towards all-digital platforms and services because it’s no longer considered safe to visit physical business locations…. Read More