Hong Kong Stock Exchange Unveils Blockchain-Powered Synapse for Seamless Cross-Border Settlements

Hong Kong Exchanges and Clearing Limited is set to implement an upgrade to its Stock Connect system with the launch of HKEX Synapse, a cutting-edge blockchain-based settlement platform, HKEX said in a statement. This upgrade, scheduled for October 9, leverages smart contracts to enhance post-trade workflows and mitigate settlement risks in the Hong Kong Stock Exchange’s Stock Connect system, which facilitates connections between Hong Kong and mainland China’s stock markets. The HKEX Synapse platform aims to drive operational efficiency, reduce settlement risks, and enhance transparency by integrating smart contracts into…

London Stock Exchange Operator in Talks With Government To Launch New Blockchain-Powered Trading Venue: Report

The London Stock Exchange Group (LSEG) is developing a new blockchain-powered trading venue, according to a new report. Murray Roos, a group head of capital markets at LSEG, tells the Financial Times that his company is “definitely not building anything around crypto assets.” Rather, Roos says they plan to use blockchain technology to make traditional asset trading more efficient. “The idea is to use digital technology to make a process that is slicker, smoother, cheaper and more transparent… and to have it regulated.” LSEG operates the London Stock Exchange, one…

LSE Group Plans to Offer Blockchain-Powered Market For Traditional Assets: Report

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China launches blockchain-powered data exchange

During the 2023 Hangzhou Summit held in Hangzhou, China, a new data exchange powered by blockchain technology was unveiled by government officials. Over 300 enterprises, including Alibaba Cloud and Huawei, participated in the exchange’s debut. According to local news reports on Aug. 23, the new Hangzhou Data Exchange will facilitate the trading of enterprise information technology data using distributed ledger technology. Officials say the platform would ensure exchange trades are immutable and traceable. Chen Chun, director of the National Laboratory of Blockchain and Data Security, commented:  “[The Hangzhou Data Exchange]…

Arbol Unveils AI and Blockchain-Powered Climate Insurance Platform dRe

The platform, dubbed dRe, is specifically designed for reinsurance, meaning insurance for insurance companies, and is currently focused towards severe storm catastrophes. “Leveraging validated weather data from leading decentralized climate data network, dClimate, and Chainlink’s industry-standard decentralized oracle network, the platform triggers a smart contract based on wind speed and location for specific peril events,” the startup said in a statement sent to CoinDesk. Source

Blockchain-Powered Satellite Contributes to Ethereum Scaling

The Ethereum KZG ceremony is receiving a contributor from outer space as Cryptosat, a blockchain-powered satellite orbiting Earth, has contributed entropy to the Ethereum scaling effort. The satellite’s Verifiable Random Beacon service generated the entropy, which was signed by the satellite itself and can be verified using the public key of Crypto2. The Ethereum Foundation requested that users from all over the world contribute randomness to the KZG ceremony to strengthen the security of the next version of Ethereum. The KZG ceremony aims to provide a cryptographic foundation for Ethereum…

Telegram Introduces No-SIM Sign-ups With Blockchain-Powered Numbers – Bitcoin News

Popular messenger Telegram now allows users to open accounts without the need to provide their mobile phone numbers. With the app’s latest update, they can log in using blockchain-based numbers instead, and they can be purchased with cryptocurrency on the Fragment platform. Telegram Promises ‘New Era of Privacy’ With Accounts That Don’t Require Phone Numbers One of the most popular messaging services in the crypto community, Telegram, has issued a new update to its application. The messenger now allows users to have an account without linking a cellphone number, an…

Philcoin Partners with Indacoin to Enhance Blockchain-Powered Charity

To enhance confidence and accountability in the charitable space, philanthropic blockchain ecosystem Philcoin has inked a deal with Indacoin, a British fiat-to-crypto conversion gateway. Jerry Lopez, Philcoin’s CEO and founder, noted that the partnership would be a stepping stone toward changing how giving happens by providing credit and debit cardholders with the chance to instantly purchase its native token, PHL, in at least 180 countries. Lopez stated: “We have a user base of over 250,000 people across the world through our app and we expect this number to soar…