Tag: Blockchains

Unfazed by SEC tumult, top banks work to make blockchains interoperable

Amid all the tumult in the crypto world, some of the world’s largest banks have been quietly reflecting on ways to bring digital assets to institutional customers. And last week, a plan emerged. A collaboration, under the guidance of the Society for Worldwide Interbank Financial Telecommunication, better known as Swift — the global financial communication and payments network — will soon be testing ways for permissioned bank-owned blockchains to not only talk to each other, but also communicate with public blockchains like Ethereum. Participants in this global experiment include more…

Polygon president testifies on democratizing the internet with Web3, blockchains

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The House Energy and Commerce Committee Subcommittee on Innovation, Data and Commerce gathered on June 7 to discuss blockchain technology and the future of Web3. Crypto industry members including Ryan Wyatt, president of Polygon Labs and legal experts appeared before the committee to engage in a much more amicable dialogue.  This meeting was held just after the SEC announced back-to-back lawsuits against major crypto exchanges Binance and Coinbase. In Wyatt’s testimony, he discussed the potential of blockchain technology and its value to users, as well as the benefits of building…

Cumberland Labs unveils SaaS API for public blockchains and DeFi protocols

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Cumberland Labs, the incubator arm of Chicago-based crypto trading company Cumberland has launched the beta version of a new API tool that could simplify the arduous task of connecting to blockchain and decentralized finance protocols. Cumberland Labs told Cointelegraph that the Cumberland, the trading unit of DRW Holdings LCC used to invest considerable time connecting to various protocols manually, and one at a time. The firm couldn’t find a tool to simplify these tasks and ultimately created its own API service, expand.network using its own developers and engineers from its…

Binance restarts TORN deposits on ETH and BNB blockchains

On May 20, 2023, Binance made an announcement on Twitter that “Due to circumstances surrounding the protocol, Binance will temporarily pause $TORN deposits until further notice.” The exchange has since followed up the suspension with an announcement on May 29, stating that deposits are resumed. Restoring governance within the TORN DAO Binance has officially reopened deposits for the token on both the Ethereum (ERC20) network and the BNB Smart Chain (BEP20). The move comes after the successful execution of a proposal aimed at restoring governance within the TORN DAO, prompting…

Solana: Crypto’s Next Apple? Co-Founder Shares Bold Vision For The Blockchain’s Future

Solana is a layer-1 blockchain that has been making waves in the crypto industry since its launch in 2020. The co-founder, Raj Gokal, recently spoke to TechCrunch+ about the potential of Solana to become the “Apple of crypto.” Solana Co-Founder Thinks Its Blockchain Could Rival Apple’s Success According to Gokal, Apple’s success can be attributed to its relentless focus on user experience and performance. He believes Solana shares this same focus and is working to create a network that feels like the regular Internet but is an entirely new financial…

EMCO Network Unleashes Blockchain’s Potential for Precious Metal Industry and Financial Inclusion – Press release Bitcoin News

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press release PRESS RELEASE. EMCO Network, a pioneering Defi project, is set to revolutionize the digital and financial landscapes by leveraging its unique blend of real-world experience in precious metals and artificial intelligence sectors. Addressing the challenges faced by users from low socio-economic backgrounds, EMCO Network aims to provide a novel platform to tap into their digital identities, generating financial opportunities while fostering organic online interactions. The project’s robust and sustainable revenue model is built on its strong foothold in the precious metals industry. EMCO Network’s blockchain strategy is designed…

How blockchains can solve greenwashing and contribute to climate action

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As concerns about climate change and environmental sustainability continue to grow, many organizations are turning to innovative solutions to help address these pressing issues. One such solution is blockchain technology, which has the potential to revolutionize sustainability efforts across a variety of industries.  On April 25, a World Economic Forum (WEF) whitepaper featured blockchain as a tool to fight climate change. The whitepaper highlighted the benefits of using blockchains in the climate action community. From improving market transparency to democratizing access to climate action, the WEF wrote about various benefits…