The announcement is part of a growing trend in Ethereum’s layer-2 ecosystem, where developers can create application-specific chains using the blockchain’s native stack. Source link
In April, the London-based company reported a full-year net loss of 194.2 million pounds compared with net income of 30.8 million pounds the year before, reflecting the sharp drop in the value of bitcoin (BTC) during the previous 12 months, as mining firms across the industry struggled to stay afloat. Source link
Tachyum, a leading tech company, has recently published a paper titled “Credit Unions, Blockchain, CBDC, FinTech and Tachyum Prodigy” on July 18, 2023. The paper highlights the potential of Prodigy, the world’s first Universal Processor, to revolutionize transactional banking and significantly reduce the environmental and financial costs associated with blockchain’s energy consumption. FinTech companies are using blockchain technology more often because it enables direct payments between payer and payee without the need for a middleman. PricewaterhouseCoopers estimates that 77% of FinTech firms are either utilising blockchain now or moving to…
According to the Polymesh report titled “Regulatory Developments in Digital Assets”, South Korea has made a significant move in the crypto industry by passing the “Digital Asset Basic Act” (DABA). This Act introduces 17 legislative proposals aimed at balancing blockchain development with investor protection. The Act, which is expected to be implemented into law in June 2024, includes measures such as capital reserve requirements for exchanges and the establishment of a separate market for digital securities. Shinhan Bank, the nation’s oldest bank, has also become an equity investor in the…
The development firm behind the Chainlink protocol and its native LINK token has gone live with its cross-chain protocol, aimed at providing interoperability between traditional financial firms and both public and private blockchains. In a July 17 post on the Chainlink blog, Chainlink Labs’ Chief Product Officer Kemal El Moujahid announced that its Cross-Chain Interoperability Protocol (CCIP) has launched under early access on Ethereum, Avalanche, Polygon, Arbitrum, and Optimism. Developers on these platforms will have access to CCIP on their respective testnets on July 20. 1/ The Chainlink Cross-Chain Interoperability Protocol…
The existential change could simplify liquidity sharing between Celo and Ethereum while boosting security and facilitating a seamless developer experience, according to the post. Celo already runs the Ethereum Virtual Machine, which means it supports smart contracts in a language similar to what Ethereum developers use to write code. Source link
在法院裁决XRP代币不一定是证券后，总部位于旧金山的区块链初创公司Ripple对美国银行和金融机构采用其XRP加密货币进行跨境支付持乐观态度。 Ripple的总法律顾问Stu Alderoty告诉CNBC，该公司预计将在2023年第三季度开始与美国金融公司讨论使用其On-Demand Liquidity (ODL)产品。ODL产品使用XRP进行资金转账，为跨境交易提供了更快、更具成本效益的解决方案。 美国证券交易委员会（SEC）对Ripple的指控在最近的一项决定中被纽约法院驳回，法院裁定XRP “并不一定是证券”。 自SEC对Ripple及其两位高管非法提供13亿美元XRP的指控后，法律官司已经打了三年。Ripple否认了这些指控，声称XRP更像是商品而不是证券。 尽管这项裁决并未代表Ripple的全面胜利，因为一些代币的销售确实符合证券交易的条件，但Alderoty表示乐观。他表示，这个决定可能会给潜在客户带来安慰，并激发关于解决跨境价值转移和相关费用的实际问题的讨论。 目前，Ripple的大部分业务来自美国以外。 2023年6月22日，Ripple的新加坡子公司Ripple Markets APAC Pte Ltd获得了新加坡金融管理局（MAS）对主要支付机构许可申请的原则性批准。 这个批准使Ripple能够在新加坡提供受监管的数字支付代币产品和服务，同时也扩大了其加密启用的On-Demand Liquidity (ODL)服务的采用。 2022年，Ripple的ODL服务在全球范围内实现了显著增长，其中大部分增长由其在新加坡的运营推动。 2023年7月8日，Ripple的CBDC团队揭示了一种开创性的用例 – 房地产代币化。这种方法使用户能够将房地产资产代币化，并将其作为贷款抵押，可能增加更多个人获得房地产融资的机会。这将通过使用安全、私有和获得许可的账本，也就是Ripple CBDC平台，来实现。 Source link
The Philippines has all the recipes for mainstream crypto and blockchain adoption according to Dr. Donald Lim, the founder of the Blockchain Council of the Philippines (BCP). In an interview with Cointelegraph, Lim shared his thoughts on the country’s potential for crypto adoption and explained why he believes blockchain projects can potentially find success within the country. BCP’s Donald Lim with Cointelegraph’s Ezra Reguerra. Source: Cointelegraph Lim told Cointelegraph that as they recognized that the world moved fast toward Web3, they organized an event called the Philippine Blockchain Week and…
Bitcoin Ordinals, also known as digital artifacts, are a way to inscribe digital content on the Bitcoin blockchain. They were introduced in January 2023 by Casey Rodarmor, a programmer and artist, who saw an opportunity to create a unique experience on the Bitcoin blockchain similar to non-fungible tokens (NFTs) on Ethereum and other blockchains. What are Bitcoin Ordinals? Bitcoin Ordinals are a system for numbering and tracking individual satoshis (the smallest unit of Bitcoin), transforming them into non-fungible tokens (NFTs). Ordinals are based on ordinal theory, which gives individual identities…
CLabs, the organization responsible for developing the Celo blockchain, is seeking to return to the Ethereum ecosystem by transitioning from an independent EVM-compatible layer-1 blockchain to an Ethereum layer-2 solution. According to a proposal discussion on Celo’s governance forum, the transition would include leveraging OP Stack as the architecture to become an Ethereum L2 blockchain, eliminating the need to monitor tooling and libraries composability through upgrades, thus “making it easy for Celo developers to utilize the full gambit of Ethereum tooling/libraries.” Other key differentiating factors would include an off-chain data…