Tag: Blockchain

The Protocol Newsletter’s 2024 Blockchain Tech Predictions

Over the past few weeks in The Protocol, we’ve documented how Ordinals inscriptions, colloquially known as “NFTs on Bitcoin,” are adored by fans, appreciated by fee-hungry miners, and hated by some blockchain purists. A big hit earlier in the year, they’ve now fully caught a “second wind,” as Reflexivity Research put it, helping to drive up Bitcoin transaction fees to an all-time high. They’ve also gone mainstream: Last week, a trio of Ordinals inscriptions from the “BitcoinShrooms” collection – two Super-Mario-Style mushroom characters and a pixelated avocado – sold at…

Wall Street insiders hopeful about new banking infrastructure built on blockchain

Large financial companies, including JPMorgan Chase & Co., HSBC Holdings Plc, and Franklin Templeton, are moving to new systems built on the blockchain. Sandy Kaul, Chief Executive of wealth management firm Franklin Templeton, recently highlighted the transformative impact of blockchain technology on the global financial system, marking its most significant overhaul since the 1970s. This development, according to Kaul in an interview with Bloomberg, has opened the path for reengineering the financial markets on a global scale. Representatives from financial institutions are also noting a surge in the adoption of…

Blockchain adoption ‘accelerating very quickly’ in big finance — Franklin Templeton exec

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Major financial firms like JPMorgan and HSBC have ramped up their blockchain-related activities heading into 2024, accelerating the adoption of distributed ledger technology (DLT) within traditional finance.  On Nov. 3, JPMorgan executed its first decentralized finance (DeFi) trade on a public blockchain. The company rolled out programmable payments for its institutional blockchain platform, JPM Coin, on Nov. 10. Executives from JPMorgan and Apollo also unveiled plans for a tokenized enterprise mainnet on Nov. 28.  Apart from JPMorgan, the Hong Kong and Shanghai Banking Corporation (HSBC) has also been on the…

Bitcoin Struggles for Direction in Run Up to Christmas – Blockchain News, Opinion, TV and Jobs

Bitcoin (BTC) concluded the week at approximately $41,400, reflecting a 5.5% decline compared to the previous week’s closing value of around $43,800. The price experienced a notable dip on Monday, reaching a weekly low of about $40,225 before staging a strong recovery and surpassing the $43,000 threshold on Wednesday and Thursday. Over the weekend, negative price movements brought the closing price to around $41,400, with the downtrend persisting into Monday the 18th, as BTC broke below the $41,000 trading level. This past week marked the first instance of a weekly…

Fairshake Super PAC, Affiliates Raise $78M to Support Crypto, Blockchain Candidates in 2024 US Election

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