Category: Blockchain

Compound Founder’s New Venture Superstate To Bridge Traditional and Blockchain Finance

Compound’s Founder and CEO, Robert Leshner, has announced the launch of a new venture, Superstate (@superstatefunds). “Superstate’s mission is to create regulated financial products that bridge traditional markets & blockchain ecosystems,” said Leshner, signaling a significant shift in the financial industry. “Currently, the primary limiting factor to DeFi is that crypto-native assets are the only interoperable assets,” Leshner stated, reflecting on the challenges facing the decentralized finance (DeFi) sector. However, Leshner sees a future where “hundreds of trillions of ‘offline’ assets will find their way onto blockchains,” with Superstate spearheading…

Sony Network Communications Invests $3.5M in Singapore Web3 Company Startale Labs to Explore Blockchain Technology Solutions

“I am excited to strengthen further our collaboration with Startale Labs, a company with advanced Web3 technologies and expertise. We have already been cooperating with Startale Labs by jointly hosting incubation programs, aiming to promote the development of Web3,” Jun Watanabe, President and Executive Officer of Sony Network Communications, said in a statement. Source link

CITD to Issue HK$100 Million Bonds Utilizing Blockchain

China Information Technology Development Limited (CITD) (HKEX: 8178), a leading technology company specializing in AI and cloud technologies, has announced its plan to issue HK$100 million worth of Bonds using distributed ledger technology (DLT). The proposed issuance aims to revolutionize the bond market by leveraging blockchain and smart contract technologies. The Bonds, with a maturity date set for June 27, 2053, will be documented using the Digital Ownership Token (DOT) standard and implemented through a binding Ricardian Contract. By incorporating all bond documents and smart contract codes into the Bond…

Could The Digital Pound Be Non-Blockchain? Bank Of England Explores Options

While cryptocurrencies are widely known for running on blockchain technology, the Bank of England’s upcoming digital pound, colloquially known as ‘Britcoin’, could end up operating on non-blockchain software. The bank is considering all alternatives as it moves forward with researching the viability and implications of creating a digital pound. Tom Mutton, who is spearheading the bank’s Central Bank Digital Currency (CBDC) project, highlighted the uncertainty around the choice of technology in a recent podcast interview with Bloomberg. During a meeting that brought together numerous technologists to discuss potential designs for…

Regulatory Clarity and Crypto-Friendly Banks Fuel Blockchain Revolution

Surprise! Wyoming is the top-ranked U.S. hub. Many of CoinDesk’s Crypto Hubs 2023 criteria were measured on a national basis, so all of the U.S. hubs were hampered by a middling crypto regulatory score, a measure in the drivers category and the most heavily weighted criteria – 35% – of the total. This negative was partially offset by the highest crypto adoption score (another drivers criteria) in our sample, however. Given that the regulatory and adoption scores were based on countries, Wyoming broke from the U.S. pack with its high…

Blockchain Aus CEO hammers ‘regulation by enforcement’

Blockchain Australia’s new CEO Simon Callaghan hopes the Federal Government will take its cues on crypto regulation from the United Kingdom, Hong Kong, and Singapore — and definitely not the United States. In his new position, Callaghan aims to steer crypto rule-making in the country and avoid making similar moves to the U.S. Securities and Exchange Commission — which is suing the world’s two largest exchanges and has branded at least 68 tokens as securities. “Regulation by enforcement is the equivalent of having a hammer and seeing everything as a…

JPMorgan Enables Euro Blockchain Payments With JPM Coin

American investment bank JPMorgan Chase & Co has enabled Euro-denominated payments via the JPM Coin, the native currency for their blockchain. Thus expanding the use of one of the projects known to promote the application of blockchain technology in traditional banking.  According to a Bloomberg report today, Basak Toprak, JPMorgan’s Head of Coin Systems for Europe, the Middle East, and Africa, confirmed that activation of the JPM Coin for Euro payments occurred on Wednesday, June 21. He further stated that German Corporation Siemens AG conducted the first Euro-denominated transaction with…