Tagged: dlt

January 10, 2021 @ 5:11 pm By Omar Faridi  |  

Qatar-based Fintech firm Cwallet has finalized a $220,000 pre-seed investment round from its founders and MBK Holding, the company’s CEO has confirmed. Michael Javier, who’s also Co-founder at Cwallet, noted that the Fintech company is now working cooperatively with the Qatar Central Bank (QCB) in… Read More

January 9, 2021 @ 12:23 pm By Omar Faridi  |  

Blockchain security firm CipherTrace recently explained and discussed the differences between virtual asset service providers (VASPs), money service businesses (MSB), money transmitters, digital asset customers, and how they impact crypto-related compliance measures. CipherTrace noted that cryptocurrency, digital assets, convertible virtual currency, and other terms seem… Read More

January 9, 2021 @ 11:13 am By Omar Faridi  |  

Cambridge-headquartered Vestigo Ventures, which mainly invests in Fintech firms or other financial services businesses, has reportedly secured a total of $83.5 million (to date) for its second fund, according to a securities filing. Vestigo had been planning to acquire $100 million in capital for its… Read More

January 8, 2021 @ 1:12 pm By Omar Faridi  |  

Telos, which is one of the most active public blockchain networks according to Blocktivity data,  with over 500,000 accounts, has introduced an innovative plan in order to bring liquidity and added value to the TLOS DLT ecosystem: The Telos Uniswap Liquidity Implementation Plan (TULIP). According… Read More

January 6, 2021 @ 7:37 pm By Omar Faridi  |  

BitGo, a digital asset financial services provider, reports that it has successfully introduced Wrapped Bitcoin (WBTC) and ETH tokens on the TRON blockchain network, which should help with supporting the “unlimited” potential of decentralized finance (DeFi) TRON, which is notably one of the largest and… Read More

January 5, 2021 @ 9:00 pm By Omar Faridi  |  

Bitcoin (BTC) and other cryptocurrency platforms such as Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Binance Coin (BNB), Chainlink (LINK), and Polkadot (DOT) are being increasingly adopted by a diverse group of users across the globe. Many more institutions and fairly large publicly listed companies… Read More

January 5, 2021 @ 7:57 pm By Omar Faridi  |  

The Security Token Group (STG), a team of professionals focused on re-inventing capital markets with blockchain-enabled security tokens, have published their December 2020 monthly market report. As confirmed in the report, the total security token market cap stood at $374,061,074 in December of last year…. Read More

January 5, 2021 @ 6:27 pm By Omar Faridi  |  

CertiK, a U.S.-based end-to-end cybersecurity solutions provider, notes that when it comes to progressive cryptocurrency and blockchain projects, Ethereum (ETH) has one of the most active communities that includes a diverse group of users, such as skilled developers and “crypto-religious” users to non-technical enthusiasts and… Read More

January 4, 2021 @ 6:30 pm By Omar Faridi  |  

Singapore-based iSTOX, a blockchain-powered digitized securities platform, has revealed that it has listed a unicorn fund in digitized securities form, enabling the issuance of security tokens where manual processes may be automated and minimum investment ticket sizes to be reduced to $20,000. This move should… Read More

January 2, 2021 @ 8:31 pm By Omar Faridi  |  

The developers of Wing, a credit-based cross-chain (decentralized finance) DeFi platform launched on the Ontology blockchain (in September 2020), noted that during the month of December 2020, Wing made further improvements to its current product, the Flash Pool, and also introduced its second product, the… Read More

December 31, 2020 @ 2:25 pm By Omar Faridi  |  

Vladimir Zhuravlev, a Gravity Tech and Waves Association developer, notes that for several years, the Odyssey hackathon (held in the Netherlands) had offered opportunities for software engineers to collaborate on various projects. Zhuravlev revealed that this year, Odyssey was hosted online for the very time… Read More

December 30, 2020 @ 10:25 pm By Omar Faridi  |  

VeChain, a major blockchain platform focused on developing supply chain management solutions among other use cases, has released its latest financial executive report in order to promote “fairness, transparency, and openness.” As mentioned in the report, published on December 29, 2020: “During this quarter, the… Read More

December 29, 2020 @ 9:18 pm By Omar Faridi  |  

The developers at Chainlink (LINK), a “decentralized” Oracle network that securely connects various blockchain-based smart contracts with data from “the real world,” have noted that as we get ready to leave 2020 behind, the growth of their Chainlink ecosystem during the past year has been… Read More

December 28, 2020 @ 7:18 pm By Omar Faridi  |  

IOHK (Input Output Hong Kong) has teamed up with Wolfram in order to power Cardano (ADA), a major platform for building decentralized applications (dApps). Cardano has notably joined Bitcoin (BTC) and Ethereum (ETH) by integrating into Wolfram’s leading technology and knowledge base, Wolfram Alpha. However,… Read More

December 26, 2020 @ 2:28 pm By Omar Faridi  |  

TRON has launched a new non-fungible token or NFT standard, called TRC-721, in order to open up new “prospects for blockchain.” TRON‘s first NFT standard protocol TRC-721 was officially announced on December 24, 2020. The introduction of this standard is expected to help with implementing… Read More

December 26, 2020 @ 11:05 am By Omar Faridi  |  

The developers at Avalanche, a blockchain project led by Cornell professor Dr. Emin Gun Sirer, claim that their platform is showing “no signs of slowing down.” In January 2021, the Avalanche-Ethereum Bridge will be introduced on mainnet, a “tremendous” effort across multiple organizations including ChainSafe,… Read More

December 24, 2020 @ 4:49 pm By Omar Faridi  |  

Sasha Ivanov, the Founder at Waves platform, which focuses on open blockchain protocols and offers a development toolset for Web 3.0 apps and decentralized solutions, acknowledges that  2020 has been quite a challenging year. However, there’s at least one “good thing” that has taken place… Read More

December 22, 2020 @ 10:20 pm By Omar Faridi  |  

Binance has welcomed digital assets derivatives exchange Mettalex (developed by Fetch.ai) to its decentralized finance (DeFi) ecosystem. Mettalex is teaming up with Binance Smart Chain in order to enable lower transaction fees to commodity derivatives traders and liquidity providers, according to a release. Vlad Dramaliev… Read More

December 19, 2020 @ 5:09 pm By Omar Faridi  |  

The developers of blockchain platform Ontology have teamed up with Litentry in order to accelerate the adoption of decentralized identity and credit scoring solutions (both created by Ontology). Through the partnership, both organizations aim to offer greater data privacy and transparency to people using digital… Read More

December 19, 2020 @ 12:29 pm By Omar Faridi  |  

On December 18, 2020, the Financial Crimes Enforcement Network (FinCEN) published a proposed rule change for digital currency transactions with “unhosted” wallets. Under the newly proposed change, banking institutions, and money services businesses (MSBs) may be required to verify customers’ identities and turn in reports… Read More