Category: Blockchain

Blockchain oracle network XY Labs’ shares start trading at SEC-registered platform

A blockchain firm founded in 2012 is making its shares available for trading on a blockchain-based alternative trading platform for capital markets.  XY Labs, the blockchain company behind the XYO protocol, has announced that its Class A Common stock started trading on tZERO ATS, the alternative trading system subsidiary of the stock broker tZERO Group.  According to the blockchain oracle data provider, this will be the first time that shareholders will be able to access XY Labs shares on a regulated trading venue. Arie Trouw, the CEO of XY Labs,…

KKR Tokenizing Part of its Private Equity Fund on Avalanche Blockchain

KKR & Co. Inc, a New York-based global investment firm offering alternative asset management, capital markets, and insurance solutions, announced on Tuesday that it has put some part of its private equity funds on the public blockchain. The US-based investment manager said it has put its Health Care Strategic Growth Fund available on the Avalanche blockchain through a partnership with Securitize Capital, a digital asset management platform offering a blockchain-based tokenization platform. Securitize will tokenize part of KKR’s second Health Care Strategic Growth Fund on the blockchain platform. KKR, which…

Final Fantasy creators join Oasys blockchain, gamers whine about it

Square Enix, the Japanese game developer behind the beloved Final Fantasy franchise has signed on as a node validator for blockchain gaming project Oasys, with the duo also teaming up to create blockchain games. The move has predictably been met with criticism from some crypto and NFT hating members of the gaming community, irritated that the firm is continuing to double down its focus on blockchain tech. In a Sept. 12 announcement, Oasys revealed that Square Enix had jumped on board to be the project’s 21st node validator, taking up…

SWIFT and Symbiont announce corporate data blockchain pilot

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) disclosed on Tuesday a partnership with fintech company Symbiont to provide more accurate data for financial firms through blockchain technology.  Vanguard, Citigroup, American Century Investments, and Northern Trust are among the companies participating in the initiative. According to the announcement, the pilot project “could help providers distribute data in near real time to global custody clients.” Through Assembly, Symbiont’s proprietary technology platform, smart contracts will be used “to create a network effect that leverages the 11,000+ institutions connected to SWIFT globally.” In 2017,…

Collapse of Terra blockchain ecosystem forces talent migration

At the height of the 2022 bull market, the Terra ecosystem was booming with talent and innovation. The native token of the Terra blockchain had made its way to the top-10 cryptocurrencies by total market capitalization. Protocols were building the next iteration of a super cycle that seemed like it would never end.  Terraform Labs created Terra amid the crypto market crash of 2018 and built it all through the bear market. The Terra ecosystem’s main appeal and claim for glory came from their offer of the best yields in…

GameStop’s Blockchain Chief Matt Finestone Departs from Company

Matt Finestone, head of the blockchain team at Video game retailer GameStop Corp, announced his departure from the company. According to his official Twitter account, he will continue to focus on dedicating to the Ethereum ecosystem and plan to move closer to protocol/infrastructure. After starting at GameStop in April 2021, Matt Finestone has grown his blockchain team from zero to dozens. Establishing a blockchain department at such a large company is not an easy task, noted Matt Finestone, who brings together a lot of talent and energy from all corners…

Ubisoft cools off on NFTs and blockchain, says it’s in ‘research mode’

Yves Guillemot, the CEO of French gaming giant Ubisoft appears to have cooled the rhetoric behind the company’s NFT gaming project Quartz, noting in a recent interview that it was merely in “research mode” concerning Web3 tech integrations. It’s a relatively different take from other Ubisoft execs in the past, including chief financial officer Frédérick Duguet who in October stated that blockchain integrations will enable users to own and earn content and the firm wants to “be one of the key players here.” During a Sept. 10 interview with gamesindustry.biz,…

ETH Merge – underrated or priced in? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin started trading above $22,000 on Monday morning, ahead of the critical U.S. CPI release on Tuesday, as well as the highly anticipated Ethereum merge, which is due to take place in the coming days. The Merge is, by far, the most impactful event that has happened in the crypto industry thus far and is seen as a very positive event by most crypto investors. It will bring notable changes to Ethereum, as it will result in…

Rockstar Co-Founder Dan Houser Invests In Blockchain Game

Co-founder of Rockstar Games, and one of the mastering minds behind popular titles like “Grand Theft Auto”, Dan Houser participated in a $13.2 million funding round for blockchain game studio Revolving Games. Houser will be working as an advisor to the company following his investment. According to a report from GamesBeat, the blockchain game studio has raised over $25 million since 2020. The company was founded by Saad Zaeem, Ammar Zaeem, and Shayan Zaeem, three brothers with experience in the industry. At the time of its founding, Revolving Games was…

Hive Blockchain To Mine Other Crypto Assets After Merge

The HIVE blockchain announced that it had increased its revenue per megawatt by four times. This record revealed that its generated income exceeds that of Bitcoin mining. HIVE blockchain, a cryptocurrency miner, is currently looking to replace ETH mining with other digital assets. This is slated to occur after the completion of the upcoming Ethereum Merge. The mining company is assessing the available options to make its GPU stash mining possible. The event’s success will also require a process known as beta testing. The company would implement this process for…