Tag: Blockchain

Over Half of Fortune 100 Companies Embrace Crypto, Blockchain, and Web3, Reveals Coinbase Report

According to a recent report released by Coinbase, more than half of the Fortune 100 companies in the US have been actively pursuing crypto, blockchain, or web3 initiatives since the beginning of 2020. This surge in adoption is driven by the recognition that the outdated global financial system needs modernization and the need to stay competitive in the global economy. The report highlights that 83% of surveyed Fortune 500 executives familiar with cryptocurrency or blockchain have existing initiatives or plans for the future. However, the lack of clear regulations…

AI Digital Art Design Platform Atriv Integrates Flare Layer-1 Blockchain for Simplified Access to NFTs and Art

The partnership between Atriv and Flare creates ease for all digital artists and creators looking to issue NFTs and tokenize their creations. Artificial intelligence (AI) digital art platform Atriv has announced a partnership with the Flare blockchain to provide the network with Atriv’s no-code NFT platform. The partnership aims to create a free market where collectors and digital artists can easily create art and tokenize their creations. Atriv’s NFT platform uses artificial intelligence to stretch the possibilities of digital art and offer an all-encompassing and extensive tool to users. So…

Zora Launches Layer 2 Blockchain to Support Creator Communities

The Zora Network is secured by Ethereum and built on Optimism’s tech stack. According to a press release, the new network will make minting on its platform “faster, cheaper and more enjoyable” with a focus on gas efficiency and scalability. According to documents online, minting an NFT through the network “costs less than 50 cents.” Source

Tether (USDT) Launches on Kava L1 Blockchain, KAVA Price Jumps More Than 10%

Kava layer one blockchain joins other chains – like Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, and Tron – that support USDT. The leading United States dollar-pegged stablecoin, Tether (USDT) has found a new channel to mainstream adoption through the Kava network, a layer one (L1) blockchain that was designed with scalability and speed in mind. According to the announcement, Tether USDT will work closely with the Kava blockchain to reshape the future of decentralized finance. Following the announcement, the Kava chain’s native coin, KAVA, jumped more than 10 percent…

Tether Launches USDT on Kava Blockchain

Tether Operations Limited (Tether), the company behind the renowned blockchain-powered platform tether.to and the world’s leading stablecoin, has revealed its plans to introduce U.S. dollar-pegged Tether tokens (“USDT”) on Kava. Kava is a layer-1 blockchain specifically designed to offer scalability and high speed. With its establishment in 2018, the Kava network stands out by employing a co-chain design that combines the Ethereum virtual machine’s flexibility with the rapid transaction processing, low fees, and interoperability of the Cosmos software development kit. This innovative architecture enables users to leverage Cosmos’ “zones” feature…

European Investment Bank uses blockchain for environmental bond

The European Investment Bank (EIB) successfully priced its inaugural SEK 1 billion Climate Awareness Bond (CAB) today, leveraging the so|bond platform. Notably, the platform employs the Proof of Climate awaReness (PoCR) protocol, a novel blockchain validation logic that not only ensures energy efficiency comparable to non-blockchain systems but also incentivizes participating nodes to continuously enhance the environmental impact of their infrastructures. The first of its kind The European Investment Bank (EIB), a publicly owned international financial institution that has been around since 1958, has issued its first-ever green and SEK-denominated…

What Can You Do With a Blockchain Token That Is Classified as a Security?

In a way, this is likely the clearest example of what you could expect if any token is found to be a security: It will likely be inaccessible to U.S. users, given the current exchange ecosystem, but be available for trading around the world to anyone with a Bithumb, Bitstamp or KuCoin account (and in the U.S., if you have a VPN). Astute readers might note I left Binance – the largest U.S. exchange, by far – off that list. That’s not only because it’s currently being sued by the…

Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Blockchain Australia Criticizes Move

“Our banking partner, Cuscal has updated its Merchant guidelines which contain new requirements for all digital currency exchanges that are supported by Cuscal,” the “survey” reads. “If you do not currently comply with the new requirements, we are happy to consider a reasonable time frame for implementation. Please note, if you are unable to comply with the requirements, Zepto and Cuscal will not be able to continue to support you.” Source link

European Investment Bank taps blockchain for Climate Awareness Bond

The European Investment Bank (EIB) has issued a blockchain-based digitial bond powered by environmentally-incentivized node infrastructure. An announcement from the financial institution outlined the key points of a ‘digital native green bond’ denominated in Swedish krona. The 1 billion kr bond is set to offer a 3.638% fixed rate over two years to institutional investors. The Climate Awareness Bond is also being touted as the first blockchain-based bond to be registered on the Luxembourg Stock Exchange Securities Official List and displayed on the Luxembourg Green Exchange. The bond will operate…