Holders of LUNA and terraUSD (UST), a U.S.-dollar pegged stablecoin, are eligible to receive new LUNA tokens in a vested manner based on their previous holdings. This would, in theory, allow old holders to regain some of their lost investment value while incentivizing usage of the new blockchain. Source link
Financial tycoon, JPMorgan Chase (JPM), announced to use of blockchain technology in the collateral settlement, planning to expand to other asset types such as equities and fixed income, according to Bloomberg. JPMorgan Chase used cryptocurrency tokens for collateral in traditional financial asset transactions for the first time on May 20. Two of the bank’s entities are using tokens of BlackRock money market fund shares as collateral on their private blockchains, allowing trading outside of market hours. Ben Challice, JPMorgan’s global head of trading services commented that: “What we’ve achieved…
Everyone would agree that cryptocurrencies, blockchain technologies, and the DeFi sector, in general, have exploded in both popularity and usage over the last decade or so. However, one particular industry which is currently looking to utilize the vast potential of this space is sports, specifically when it comes to betting. The relationship between blockchain and sports In recent years, the amount of business and management industries that have begun to adopt blockchain technology has expanded tremendously. The obvious advantages of decentralization, such as increased security, a P2P (Peer-to-Peer) model, and…
Multinational investment bank JPMorgan Chase & Co is reportedly trialing the use of its own private blockchain for collateral settlements. According to Bloomberg JPMorgan conducted a pilot transaction last Friday which saw two of its entities transfer a tokenized representation of Black Rock Inc. money market fund shares A money market fund is a type of mutual fund that is considered as a low risk investment as it offers exposure to liquid and short term assets such as cash, cash equivalents and debt-securities with high credit ratings. In terms of…
Financial inclusion, accessible services and the unbanked are standard talking points in many conversations about crypto. But, the details may remain somewhat fuzzy — the people who talk about crypto are generally those already inside the financial system. There are people who are actively working to increase financial inclusion and access to services for the vast number of people who are unbanked or underserved. CBDC for the people Central bank digital currencies (CBDC) will serve different purposes in different places. In economies where individuals have moved away from high levels…
Canadian blockchain software development company Blockchain Foundry has partnered with Palmer Group to launch “Metacademy”, a Web3 education platform focusing on blockchain, cryptocurrencies, and Non-fungible Tokens (NFTs). Blockchain Foundry Inc. develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients. This announcement came after the launching of the public beta version of Metacademy.com (“Metacademy”). Users can learn and understand various knowledge of the blockchain universe for free on this platform, including cryptocurrencies, NFT, smart contracts, web3, etc. From Blockchain Foundry CEO Dan Wasyluk said: “We are excited…
Blockchain Relics, a Web3-based historic preservation organization, is launching its Website as well as a powerful Community Campaign in the coming week. While the project is relatively new, it has been steadily gaining traction in the NFT space, as well as garnering attention from museums and historical societies across the globe. If you’re new to Blockchain Relics, here’s a short review that will help you understand the project a little better… What is Blockchain Relics? Blockchain Relics is a digital archiving and preservation company that combines a passion for history…
The project – backed by venture firm NFX, Cosmos developer Zaki Manian and a handful of others – believes its tech could put an end to the “monolithic era” of layer 1 competition, providing a solution that is ultimately more sovereign and scalable for mass adoption, according to a press release. Source link
The Global Blockchain Business Council (GBBC) and Global Digital Finance (GDF) – the major industry associations for blockchain technology and adoption of digital assets – are to merge, creating a single association of nearly 500 institutional members. Source link
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