Category: Blockchain

Crypto Custody Firm Anchorage Digital to Be Preferred Custodian for Layer 1 Blockchain Aptos Labs

Cryptocurrency custody firm Anchorage Digital is set to become Aptos Labs’ preferred institutional custodian at their mainnet launch, the firm announced Tuesday. Anchorage, the first federally chartered crypto bank in the U.S., will support the layer 1 blockchain by allowing institutions to build on Aptos, including via non-fungible tokens (NFTs), decentralized finance (DeFi) and social media, as well as other Web3 projects. Source link

Global think tank suggests blockchain in public finance can help reduce fraud

The Official Monetary and Financial Institutions Forum, or OMFIF, an independent global think tank for central banking and economic policy, has released a report suggesting that blockchain technology in a public finance management system could provide information essential to “formulate and design fiscal policy.” According to a Tuesday report, the OMFIF said modernizing public finance management through blockchain could help governments identify potential corruption and waste by providing “enhanced transparency and traceability of payments.” The report suggested the technology could facilitate the prevention of embezzlement of funds given the global…

Global Blockchain Technology Market in BFSI Sector Expected to Hit $4.02B by 2026

The global blockchain technology market in the banking, financial services, and insurance (BFSI) sector is expected to hit $4.02 billion by 2026, thanks to a surge in FinTech spending, according to ReportLinker.  The market is expected to record a compound annual growth rate (CAGR) of 36.6% during the 2022-2026 forecast period.  The advent of artificial intelligence (AI) is anticipated to be a key driver of the blockchain technology market in the BFSI sector.  Moreover, the growth of blockchain as a service and quantum computing will prompt notable demand in the…

European Central Bank Considers Rolling Out Blockchain-Powered Bank Transactions

The European Central Bank (ECB) seeks to be ahead of the game by studying how blockchain-based bank transactions will enable more money control even if lenders change to distributed ledgers. Fabio Panetta, an ECB board member, pointed out that it was fundamental to avert a situation where liquidity and trading would become fragmented if banks were allowed to settle amongst themselves or utilize stablecoins.  Panetta added: “Despite the uncertainties surrounding DLT’s potential, we want to be prepared for a scenario where market players adopt DLT for wholesale payments and…

How Bitgesell Plans to Improve on The Bitcoin Blockchain

Bitgesell is a lightweight blockchain that is based on proven Bitcoin code. It has more deflation parameters and scarcity. This blockchain also uses smaller block sizes which helps to speed up the network. In addition, 90% of fees for transactions are destroyed and halving occurs once a year. Bitcoin was the crypto that caused many people to explore the world of digital currency. It played a crucial role in making the cryptocurrency industry what it is today but that doesn’t mean it is flawless. As the cryptocurrency industry grows new…

Disney Wants An Attorney To Oversee Metaverse, Blockchain, NFTs Project

Disney CEO Bob Chapek, back in November 2021, said he’s making the necessary preparations to enable the company to combine its physical and digital assets into the digital realm. In their quarterly earnings call last year, Chapek said that for a long time, the company has always been at the forefront of adopting emerging technologies that can enable it to enhance its entertainment offering. During that time, the CEO said all efforts they have done were just merely opening acts for the time when they are able to combine their…

Tether Stablecoin Goes Live On Polkadot Blockchain

Tether USDT is the largest stablecoin by market cap. Also, the token ranks among the top five in the overall market capitalization of all crypto assets. Through several progressive road maps and other development plans, Tether USDT has risen over the years. Recently, the stablecoin announced its launch on Polkadot. USDT is a product of Tether Limited, a Hong Kong-based firm launched in 2014. It stands as the first stablecoin to exist in the crypto space. The stablecoin is pegged to the US dollar in the ratio of 1:1. The…

What Cardano’s Vasil hard fork means for the blockchain

After several delays and some setbacks, Cardano’s long-awaited Vasil upgrade finally went live on Sept. 22. From the outside looking in, the hard fork is designed to help improve the ecosystem’s scalability and general transaction throughput capacity as well as advance Cardano’s decentralized applications (DApps) development capacity.  To commemorate the event, an announcement was made by blockchain firm Input Output Hong Kong (IOHK) — which currently oversees the design, building and maintenance of the Cardano platform — just minutes after the development. To obtain a more holistic overview of what…

Best Universities for Blockchain 2022: CoinDesk’s Methodology

Similar to last year, there are two common threads in our methodology. First, in keeping with our goal of rigor, defensibility and reproducibility, we used externally verified, quantitative data (e.g., Web of Science) whenever such data was available and normalized this data where appropriate to add as much nuance into our rankings as possible. When we required qualitative data, we sent out open, public, shareable surveys through all available channels and did our best not to limit participation in any way, constructive or otherwise. Source link

Best Universities for Blockchain 2022

Finally, taking one of the most traditional institutions in the world for measuring professional success, the university, and measuring how it is adapting to teach and study a transformative emerging technology, is illuminating. For instance, the tiny nation of Singapore, which covers just 283 square miles (733 sq. km) and a 2021 population of 6 million people (similar to Johannesburg), had two of its universities in this year’s top 10. Source link