Simply defined, an intent is a specific goal a blockchain user wants to accomplish. While no two “intent-centric” systems are the same, they all work similarly: users, be they traders or protocols, submit their intent to a service, and then it is outsourced to a “solver” – it could be a person, or an AI bot, or another protocol – that does whatever it takes to get the job done. Source link
Web3, blockchain, crypto and mass adoption were major buzzwords in 2021 and 2022, but the public interest in the terms fell to the wayside over the last year as media headlines narrowed their focus to the now defunct FTX exchange and the trial of its founder, Sam Bankman-Fried. Fast forward to the present, and media headlines are focused on the handful of pending spot Bitcoin ETF applications, Bitcoin’s (BTC) more than 100% year-to-date gain and there is a bit of a revival happening in the NFT markets. Perhaps, Web3 is…
The move by JPMorgan and Apollo comes at a time when various traditional finance institutions are increasingly expressing interest in blockchain technology. In a groundbreaking move, traditional finance titans JPMorgan Chase & Co (NYSE: JPM) and Apollo Global Management Ord Shs (NYSE: APO) has successfully collaborated with blockchain firms to demonstrate a “proof of concept” for tokenization of funds on a blockchain platform of choice. The collaboration, which is part of Project Guardian led by the Monetary Authority of Singapore (MAS), was unveiled at the Singapore Fintech Festival, showcasing the growing…
Kinto secured $1.5 million in a pre-seed investment earlier this year from Kyber Capital Crypto, according to a press release on Tuesday. It received another $3.5 million recently in a round led by Kyber Capital Crypto, Spartan Group and Parafi. SkyBridge Capital, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane and Robot Ventures also participated in the round. Source link
“We call it alternative data availability, because the transaction data is available off-chain, not on Ethereum. To maintain security with this architecture, that’s why we have the permissionless on-chain DA challenge so that when the data is not available or doesn’t correspond to the data commitment, one can challenge it to be excluded,” Justin Glibert, founder and chief executive officer of Lattice, shared in an email to CoinDesk. Source
Strategists at UBS Investment Bank are forecasting massive interest rate cuts by the U.S. central bank, and this is seen as bullish for Bitcoin. The decreasing inflation, according to UBS, makes it possible for the U.S. central bank (Federal Reserve) to begin reducing interest rates as early as March. This development is perceived as highly positive for Bitcoin, especially in light of recent economic indicators. US Inflation Broadly Slows, Erasing Bets on More Fed Rate Hikes Recent data reveals a slowdown in U.S. inflation, erasing expectations for further Federal Reserve…
Fnality, a fintech firm building tokenized versions of major currencies collateralized by cash held at central banks, has raised $95 million in Series B funding led by Goldman Sachs and BNP Paribas. DTCC, Euroclear, Nomura and WisdomTree participated in the round, which also saw further commitment from a number of institutions that backed Fnality’s $63 million fundraise back in 2019: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, ING, Lloyds Banking Group, Nasdaq Ventures, State Street, Sumitomo Mitsui Banking Corp. and UBS. Source
Global investment bank Goldman Sachs and French universal bank BNP Paribas have reportedly led a new funding round for Fnality, a blockchain-based wholesale payments firm backed by Nomura Group. Fnality has raised 77.7 million British pounds ($95.09 million) in a second round of funding, Reuters reported on Nov. 13. In addition to Goldman and BNP Paribas, the fund raise involved participation by settlement houses like Euroclear and Depository Trust and Clearing Corporation. Other investors included the global exchange-traded fund firm WisdomTree and Fnality’s existing investor Nomura. There was also additional…
Last week, Bitcoin (BTC) closed at around $37,000, up by 5.9% compared to the previous week’s closing value of $35,000. The week showcased robust price action, witnessing BTC’s fluctuations with consecutive daily price increases from Monday to Friday. The highest trading price was observed on Thursday, nearly reaching $38,000. Following this peak, the price experienced a slight dip, stabilizing around $37,000 from Friday until the week’s end. BTC dominance, measuring Bitcoin’s market capitalization against the total digital asset market, decreased for the second consecutive week, settling at approximately 52.3%. This…
Binance Blockchain Week Istanbul 2023 saw global crypto exchange Binance bringing its flagship event to Turkey on Nov. 8–9, where business is conducted in the Turkish lira — a top trading pair on its platform. While Binance CEO Changpeng “CZ” Zhao was absent from the event, the Binance c-suite, along with key executives from a full roster of event sponsors, was more than enough to turn Binance Blockchain Week into one of the most packed Web3 events Istanbul has ever seen. As a city bridging Europe to Asia, Istanbul is…