The U.S. dollar stablecoin of top crypto exchange Binance, BUSD, has become the latest stable token to announce it will launch on Dapper Labs’ Flow blockchain. The news comes just days after the platform added the rival USD Coin (USDC) stablecoin. Dapper Labs, the team behind pioneering non-fungible token (NFT)-powered games CryptoKitties and NBA TopShot, began working on Flow to address the scaling issues with Ethereum (ETH) that CryptoKitties starkly exposed after launching in late 2017. The new partnership will allow developers building on Flow to permissionlessly integrate BUSD into…
Category: Blockchain
Huawei Cloud’s blockchain service just got its first major update in two years
Huawei announced an update for it’s blockchain-based cloud service, known as Blockchain Service 2.0, or BCS 2.0, during a recent industry summit. It appears that the platform’s upcoming enhancement will serve as its first major update since 2018. According to Fangming Hong, President of Huawei Cloud China, Feng Xu, President of Huawei cloud application platform product line, and other top brass from Huawei’s management team, the upgrade’s main goal is to scale the project for commercial applications. The new and improved platform will reportedly meet performance requirements of 50000 transactions…
Blockchain Bites: Uniswap’s Token, Kraken’s Bank, Bitcoin’s Newbies
Uniswap issued a governance token, Kraken is the world’s first crypto bank and there are more “newbie” bitcoin investors than any time in the past two years. Top shelf Crypto’s bankKraken Financial, a newly formed division of the popular crypto exchange, has become the first firm to receive a special type of charter making it a bank. On Wednesday, the Wyoming Banking Board approved the exchange’s application for a special purpose depository institution (SPDI) charter – making it a licensed bank in the state, replete with access to federal payments infrastructure and…
BRD’s enterprise banking blockchain boosted by new compliance strategy
In July this year, the Office of the Comptroller of the Currency granted permission for federally chartered banks to provide custody services for cryptocurrency. While significant, the need for enterprise-grade infrastructure to securely deploy custody solutions has become crucial. Adrien Treccani, CEO of METACO — a technology partner for institutions entering the digital asset ecosystem — mentioned in a report published by Cointelegraph, PwC and CV VC that the institutional adoption of custody solutions for managing digital assets has clearly entered a new phase: “Greater regulatory clarity on digital assets…
Alibaba on Track to Be the Largest Blockchain Patent Holder by End of 2020: Study
Chinese conglomerate Alibaba is on track to become the largest blockchain patent holder, having filed ten times more than closest rival IBM. Source link
How Will Blockchain Technology Be Leveraged To Solve Un’s 17 Sustainable Development Goals? Can It Help Solve The World’s Most Pressing Social And Environmental Problems?
With the arrival of Blockchain technology and its potential to disrupt the status quo and ‘fix’ many of our most severe problems as a civilisation. We have not changed that much since the Industrial Revolution several centuries ago and now many are calling this the Big Data Age, which envelops IoT, AI and of course Blockchain. Before we bet to the much anticipated new rennaisance what some call the Imagination Age or Creative Age — where creativity and imagination will become the primary creators of economic value. In contrast, the…
Blockchain gaming takes a colossal step forward as media giant announces new offering
Multinational media and entertainment conglomerate, WarnerMedia, is joining the blockchain gaming ecosystem via its subsidiary, Turner Sports. The company, which is responsible for sports broadcasts on channels such as TBS, TNT, and TruTV among others, recently announced “Blocklete Games”; a platform which will allow players to collect, train, trade, and compete with digital athletes while earning cash prizes. This is all made possible through the implementation of non-fungible tokens, or NFTs — crypto tokens that are each verifiably unique, despite being issued under the same specifications as other tokens of…
South Korean gov pledges to bring blockchain voting into people’s homes
The Blockchain frenzy in South Korea has now reached the housing sector, with the national government pledging $1.27 million in funding for a blockchain-based platform that targets apartment residents across the country. According to ZDNet Korea, the South Korean Ministry of Science, or ICT, chose a local firm, Ksign, to develop a contact-free platform which will let residents engage with electronic voting, parking space management, and other housing-based governance measures. The platform will also aid with social distancing, said the announcement. The project’s creators further noted that they expect it…
Avalanche blockchain network to launch full mainnet
Avalanche, a new blockchain protocol and cryptocurrency backed by Cornell University’s Emin Gün Sirer, will finally go live in a few days. According to an announcement, Avalanche will roll out the full mainnet on Monday. With the mainnet launch, the Avalanche (AVAX) token — the platform’s native token — can be listed on crypto exchanges, although Ava Labs did not specify which ones. As previously reported, the AVAX token will serve as a tool to secure the Avalanche network through staking, pay for operational fees, transfer value peer-to-peer and create…
BIS Seeking Blockchain Expert to Lead Digital Currency Research
BIS is looking for a blockchain engineer to take a lead on its digital currency initiatives, which includes CBDC and digital security research. Source link
