Tag: Blockchain

Indian state governments spur blockchain adoption in public administration

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Ever since Bitcoin (BTC) popularized blockchain technology worldwide, the tech has found its way into myriad processes, from finance to public administration. What started as a flex statement for early adopters has now become a way of revamping legacy systems and improving immutability, transparency and decentralization. Despite its proven real-world use cases, most government agencies continue to take a cautious approach to adopting and infusing blockchain into their paper-based processes, given its predominant link to the cryptocurrency ecosystem. However, a change of heart is underway as emerging economies see blockchain…

Citi Unveils Digital Asset Solutions with Blockchain Integration

Citi Treasury and Trade Solutions (TTS) has launched its new digital asset service, Citi Token Services, aimed at enhancing cash management and trade finance for institutional clients. This innovative service leverages blockchain and smart contract technologies, integrating tokenized deposits and smart contracts into Citi’s expansive global network. The move comes as institutional clients increasingly seek ‘always-on’, programmable financial services. Citi Token Services is set to offer cross-border payments, liquidity, and automated trade finance solutions around the clock. Shahmir Khaliq, Global Head of Services at Citi, emphasized the potential of digital…

VC Firm Blockchain Capital Raises $580M for Two New Funds

Blockchain Capital’s Head of Capital Formation Jason Di Piazza stated that most of the firm’s limited partners are traditional institutional investors. Crypto venture capital (VC) firm Blockchain Capital has raised $580 million for two new funds. The raise is Blockchain Capital’s largest to date and one of the biggest crypto-focused raises this year. We’re thrilled to share the closing of 2 new funds – our 6th early stage fund and 1st opportunity fund. Together, they total $580 million and serve to reinforce our commitment to leading the global transition to…

Decentralized sensors to combat noise pollution hit the blockchain

The Silencio Network has over 35,000 smartphones working as noise sensors via the Peaq blockchain ecosystem in an effort to combat the issue of global noise pollution. On Sept. 19, the Silencio Network announced its integration with Peaq as it continues to expand its reach to include more noise sensor devices. Silencio reports that the noise sensors working in its network cover 176 countries, and anticipates working on one million devices by next year. The project calls its work “Web3 citizen science” in which community members receive tokenized rewards for…

Crypto VC Firm Blockchain Capital Secures $580M For Expansion Of Investment Funds

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Blockchain Capital, a venture capital company founded by Bart Stephens and Brad Stephens in 2013, has successfully closed two new funds, raising a total of $580 million.  The firm’s general partner, Spencer Bogart, confirmed the news to TechCrunch, stating that the funds consist of a sixth early-stage fund and the firm’s first “opportunity fund.”  Approximately two-thirds of the $580 million will be allocated to the early-stage fund, while the remaining one-third will be dedicated to the opportunity fund. Blockchain Capital Raise For Two New Crypto Funds Per the report, the…

Blockchain Capital closes funds totaling $580M for investments in crypto gaming, DeFi

Venture capital group Blockchain Capital announced the closing of two new funds, totalling $580 million, for investment in infrastructure, gaming, DeFi and consumer/social technologies. The funds will operate as Blockchain Capital’s sixth early stage fund and its first “opportunity fund,” with the latter serving as an inroad to companies who’ve already secured major funding elsewhere. We’re thrilled to share the closing of 2 new funds – our 6th early stage fund and 1st opportunity fund. Together, they total $580 million and serve to reinforce our commitment to leading the global…

Blockchain Capital secures $580m funding for defi and crypto gaming ventures

Blockchain Capital secures a record $580 million in new funding to invest in emerging and later-stage crypto initiatives, focusing on decentralized finance, gaming, and blockchain infrastructure. The freshly obtained investment will be channeled towards budding and innovative startups specializing in diverse crypto sectors. This includes the trending decentralized finance (DeFi), crypto gaming, and the foundational infrastructure of these domains. We’re thrilled to share the closing of 2 new funds – our 6th early stage fund and 1st opportunity fund. Together, they total $580 million and serve to reinforce our commitment…

Decentralized finance needs alternatives to blockchain

One of the laziest and most frustrating criticisms of digital currencies — particularly Bitcoin (BTC) — is when pundits liken it to a pyramid scheme dependent on the “greater fool” joining to make a quick buck. While some people do indeed purchase digital assets purely for speculative purposes, it’s unfair to ignore many of the great services and achievements that are being made by developers in areas such as remittances, logistics, financial inclusion and intellectual property. A fairer criticism of blockchains is that, for all proponents say about decentralization, blockchains…

Blockchain Startup Swisstronik Secures $5M and Launches Private Token Sale

In pursuit of this mission, Swisstronik has recently unveiled two groundbreaking milestones. The startup closed a seed funding round, amassing an impressive $5 million. The second pivotal development by Swisstronik is the initiation of a private token sale, targeting early adopters. Swisstronik, a Web3 compliance startup based in Switzerland, is making significant waves in the blockchain industry. What truly sets the company apart is its steadfast dedication to addressing one of the most pressing challenges in the blockchain realm – finding the delicate equilibrium between regulatory compliance and user privacy.…