Category: Blockchain

Coinbase Report: Over 50% Of Fortune 100 Companies Have Blockchain Initiatives In Pipeline

The cryptocurrency industry in the United States seems set for continuous expansion, despite the increasing regulatory pressure in the country. According to a new report by crypto exchange Coinbase, several leading U.S. corporations are undertaking blockchain initiatives to remain competitive in the global market. Coinbase Reports Increased Corporate Adoption Of Blockchain In The US A report by Coinbase titled “The State of Crypto: Corporate Adoption” reveals that 52% of the Fortune 100 companies have made crypto, blockchain, or Web3 efforts since the start of 2020. It was found that approximately…

Crypto Lending Platform Jet, Based on Solana $SOL Blockchain, Pivots to Fixed-Rate Term Lending

Even with less risk, Moreau said, Jet’s model faces some friction from big traders like market makers who have grown used to the flexibility of variable-rate products, where they can often pull their money at any time (assuming the utilization rate isn’t too high, of course). With a fixed-rate product their crypto is locked for the length of the contract. Source link

Over Half of Fortune 100 Companies Embrace Crypto, Blockchain, and Web3, Reveals Coinbase Report

According to a recent report released by Coinbase, more than half of the Fortune 100 companies in the US have been actively pursuing crypto, blockchain, or web3 initiatives since the beginning of 2020. This surge in adoption is driven by the recognition that the outdated global financial system needs modernization and the need to stay competitive in the global economy. The report highlights that 83% of surveyed Fortune 500 executives familiar with cryptocurrency or blockchain have existing initiatives or plans for the future. However, the lack of clear regulations…

18 ltalian Banks Forge Partnership For Blockchain-Based Wholesale CBDC Project

A collaborative effort between the Associazione Bancaria Italiana (ABI) and the Bank of Italy has brought together a group of banks in a pilot program for a central bank digital currency (CBDC). Referred to as Project Leonidas, this initiative involves 18 commercial banks leveraging blockchain technology. The primary objective is to explore blockchain applications that promote financial stability and protect consumers. As part of this endeavor, commercial banks are utilizing a shared ledger for interbank payments, with a preference for private ledgers rather than publicly distributed ones. The aim is…

Tether Launches USDT on Kava Blockchain

Tether Operations Limited (Tether), the company behind the renowned blockchain-powered platform tether.to and the world’s leading stablecoin, has revealed its plans to introduce U.S. dollar-pegged Tether tokens (“USDT”) on Kava. Kava is a layer-1 blockchain specifically designed to offer scalability and high speed. With its establishment in 2018, the Kava network stands out by employing a co-chain design that combines the Ethereum virtual machine’s flexibility with the rapid transaction processing, low fees, and interoperability of the Cosmos software development kit. This innovative architecture enables users to leverage Cosmos’ “zones” feature…

Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Blockchain Australia Criticizes Move

“Our banking partner, Cuscal has updated its Merchant guidelines which contain new requirements for all digital currency exchanges that are supported by Cuscal,” the “survey” reads. “If you do not currently comply with the new requirements, we are happy to consider a reasonable time frame for implementation. Please note, if you are unable to comply with the requirements, Zepto and Cuscal will not be able to continue to support you.” Source link

European Investment Bank taps blockchain for Climate Awareness Bond

The European Investment Bank (EIB) has issued a blockchain-based digitial bond powered by environmentally-incentivized node infrastructure. An announcement from the financial institution outlined the key points of a ‘digital native green bond’ denominated in Swedish krona. The 1 billion kr bond is set to offer a 3.638% fixed rate over two years to institutional investors. The Climate Awareness Bond is also being touted as the first blockchain-based bond to be registered on the Luxembourg Stock Exchange Securities Official List and displayed on the Luxembourg Green Exchange. The bond will operate…