Category: Blockchain

DekaBank to Launch Blockchain-Based Tokenization Platform

Together with the digital asset startup Metaco, the German bank DekaBank, which has been in business for 105 years, is now working on the preparations necessary to launch a tokenization platform that is powered by blockchain technology. Sack has said that the infrastructure for the tokenization platform will become accessible in the not too distant future, and that this will result in the introduction of the first minimum viable product in our cryptocurrency custody solution. Moreover, he believes that this will take place very soon. He went on to explain…

This German Bank Will Release A Blockchain-Based Tokenization Platform

Blockchain tokenization has gained more traction in the financial industry recently. It allows people to convert their ownership rights or assets into digital forms to secure them. In the latest development, the German generational bank DekaBank revealed plans to release its blockchain-based tokenization platform next year.  But as per the details, the focus is not on regular crypto assets such as Bitcoin but on funds and stocks. DekaBank Partners With Metaco To Launch Its Blockchain-Based Platform DekaBank is collaborating with Metaco, a digital asset management company, as it plans to…

Argo Blockchain CEO Steps Down Days After CFO’s Resignation

Many mining firms, such as Argo Blockchain, have felt the impact of the decline in bitcoin prices. For some firms, their rigs could not cover their loan collaterals. So it’s not surprising that mining firms might feel the impact of last year’s revenue loss in 2023. The bitcoin bear market was relentless in 2022, driving many crypto institutions to bankruptcy. Crypto mining profitability fell within this period, and the hashrate and mining difficulty also increased, making the process more difficult. In a recent development, Argo Blockchain, a leading cryptocurrency miner,…

Could a New Digital Pound, or a Central Bank Digital Currency (CBDC) be a Feat or a Failure for Citizens? – Blockchain News, Opinion, TV and Jobs

The Treasury and the Bank of England are consulting on a potential digital pound, or central bank digital currency (CBDC). The consultation is being launched because both HM Treasury and the Bank want to ensure that, in the future, the public will have access to ‘safe money’ that is convenient to use. People’s everyday lives are becoming more digital, and the new digital coin could also support private sector innovation. The digital pound would be issued by the Bank of England and could be used by households and businesses for…

The Future of Financial Planning Lies in AI and Blockchain

With the integration of blockchain and AI in estate planning, smart contracts could be used to create, monitor and implement estate plans, potentially reducing the risk of processing problems. The use of AI algorithms in estate planning could provide real-time updates on changes in assets, the law and the market, allowing for a more accurate and up-to-date estate plan. Source link

Ethereum’s Shanghai Upgrade to Raise Staking Toward Proof-Of-Stake-Blockchain Average

It could be argued that the utility of these liquid staking protocols would be reduced as the upgrade date approaches, the note said. The counterargument is that the utility of these protocols is not limited to only providing liquidity, but also acting as an intermediary for retail investors who would otherwise face a barrier of 32 ETH ($52,000) for staking, the note said. Source link

UK blockchain carbon offset platform raises $45M in seed funding

According to a press release published on Feb. 8, blockchain carbon credit transaction network Carbonplace has secured $45 million in an investment round from its nine founder banks with a combined $9 trillion in assets under management. The banks are BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC, and UBS. The London-based fintech has also announced that it will become an independent entity, led by new CEO Scott Eaton. As told by Carbonplace, the company will use the investment to strengthen its platform and workforce,…

Riot Blockchain’s Texas Mining Operations Disrupted by Winter Storms

The cryptocurrency mining company Riot Platforms, previously known as Riot Blockchain, has announced that 17,040 rigs that were installed at its facilities in Texas have been rendered inoperable as a result of the “extreme winter weather” that has been experienced in Texas. Riot said in a press release dated February 6 that two of the buildings of its Whinstone plant located in Rockdale, Texas were damaged in December as a result of the subzero conditions that the state endured for many days. From the 22nd through the 25th of December,…

Coinbase-Backed DeSo Unveils MegaSwap, a “Stripe for Crypto” product, with Over $5 Million in Volume – Blockchain News, Opinion, TV and Jobs

DeSo is excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across any blockchain ecosystem. In its limited release, the platform has already seen more than $5 million in volume, demonstrating its potential to revolutionize the crypto market with cross-chain swaps. MegaSwap offers an alternative and safer solution to the traditional centralized exchange model…