Category: Blockchain

Decentralized finance needs alternatives to blockchain

One of the laziest and most frustrating criticisms of digital currencies — particularly Bitcoin (BTC) — is when pundits liken it to a pyramid scheme dependent on the “greater fool” joining to make a quick buck. While some people do indeed purchase digital assets purely for speculative purposes, it’s unfair to ignore many of the great services and achievements that are being made by developers in areas such as remittances, logistics, financial inclusion and intellectual property. A fairer criticism of blockchains is that, for all proponents say about decentralization, blockchains…

Bosch, EU and blockchain companies to build decentralized IoT: IAA Mobility

The engineering and technology company Bosch is at the head of a forthcoming, blockchain-based digital mobility project with backing from the German government, which was demoed live at IAA Mobility 2023 in Munich, Germany.  At the event, Bosch, alongside its collaborators MOBIX and the Peaq blockchain, revealed a peer-to-peer parking and charging scheme utilizing moveIDs on the Peaq ecosystem. MoveIDs act as self-sovereign identities (SSIs), built on the blockchain permitting autonomous transactions between vehicles and connected infrastructure. The demonstration at IAA Mobility highlighted autonomous transactions between connected devices – in…

Stablecoin Launch By Aussie Bank Looms After Chainlink Blockchain Trials

Australia and New Zealand Banking Group ANZ is close to releasing its Australian dollar-pegged stablecoin, A$DC, following a successful test transaction on Chainlink.  In a statement, ANZ’s banking service portfolio lead, Nigel Dobson, said they see high potential in tokenizing real-world assets (RWA) like the Australian dollar on-chain. According to Dobson, the stablecoin’s test transaction on Chainlink’s cross-chain interoperability protocol (CCIP) marks a milestone for the bank. ANZ Bank Explore Suitable Networks To Launch Stablecoin In the statement, Dobson also revealed that ANZ is exploring several networks to determine the best…

The Rise of Blockchain-Based Securities in 2023

More pertinently to advisors, perhaps, is what’s happening on the money market & treasury fund side and the private equity & private credit side – two very different investment profiles, yet two symbiotic cohorts here. Tokenized money markets and treasuries have now surpassed $650 million in collective AUM, essentially acting as a low-risk yield-generating vehicle to park capital in a digital system. That’s all. As new opportunities open up, such as in the alternatives space, it’ll be more seamless to swap from on-chain money markets to on-chain private equity, for…

How to strike a balance between blockchain transparency and privacy: Nansen CEO

The world may be moving in a direction where people are more comfortable in having their assets and ownership available for everyone to see, according to Alex Svanevik, the CEO of blockchain analytics firm Nansen.  In an interview with Cointelegraph’s Zhiyuan Sun, Svanevik highlighted how a balance between privacy and transparency may be attained in the world of blockchain analytics. According to Svanevik, it’s not possible to get the entirety of both in blockchain. He explained that: “You cannot get 100% transparency and 100% privacy. I think many of us…

Safeguarding Wealth in the Digital Age – Blockchain News, Opinion, TV and Jobs

In the ever-evolving landscape of finance and investment, the debate over where to place one’s wealth has taken on new dimensions with the advent of cryptocurrencies. Traditional commodities like gold and silver have long been seen as safe havens for preserving wealth, while cryptocurrencies like Bitcoin and Ethereum offer a new frontier of potential prosperity. This article will delve into the nuances of crypto security vs. commodity investments, exploring the advantages and risks associated with each option. The Timeless Appeal of Commodities Commodities as a Wealth Preservation Tool For centuries,…

LeveX Unleashes Next-Gen Social Trading Features, Pioneering a Cohesive Crypto Trading Ecosystem – Blockchain News, Opinion, TV and Jobs

Unveiling a new era in cryptocurrency trading, LeveX brings to the fore an unprecedented integration of social trading into its platform, fostering a vibrant and connected trading community. Beyond this landmark feature, LeveX also offers a plethora of innovations, enhancing the trading experience like never before. LeveX: A Leading Edge in Cryptocurrency Exchanges At its heart, LeveX presents itself as a superior cryptocurrency exchange platform that provides a robust, fast, and efficient interface for trading. Users have access to a wide array of spot and derivatives pairs, including prominent ones…

What Has the Blockchain Association Actually Achieved?

First, she said, the association helped beat back a proposed rule from the Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury’s money laundering watchdog, requiring exchanges to collect personal information on unhosted or self-hosted crypto wallets. Second, the association, she said, helped water down a crypto tax and expansive reporting requirement contained in President Joseph Biden’s 2021 omnibus infrastructure bill. Third, the association has helped member companies, such as Ripple, Coinbase and Grayscale, to push legal arguments as they fought Securities and Exchange Commission actions against them. But you might…

Wash Trading: $2 Billion Lost Since 2020, Blockchain Research Firm Says

Wash trading, a deceptive practice in financial markets, has emerged as a pervasive concern within the decentralized cryptocurrency exchange (DEX) landscape, according to a recent report from Solidus Labs. The report, released on September 12 as the second part of its 2023 Crypto Market Manipulation Report, sheds light on the rampant practice of “wash trading” in these supposedly trustless platforms. The Enigma Of Wash Trading Wash trading, an illicit trading strategy where a trader simultaneously buys and sells the same asset, artificially inflates trading volumes and creates a false impression…