JPMorgan Chase and consultants Oliver Wyman took a look at blockchain technology in commercial banking in a report released Feb. 9. Stablecoins and central bank digital currencies (CBDCs) have dominated in the sphere so far, but the authors point out the advantages offered by deposit coins in terms of stability and reliability. Deposit tokens are issued on a blockchain by a depository institution to represent a deposit claim. This contrasts with stablecoins, commonly issued by a non-bank private entity, and CBDCs. This difference in the issuer is a key advantage:…
Tag: Blockchains
The war among blockchains should stop to speed up adoption
We all remember what the 2008 subprime mortgage debacle was like. The situation was so destructive and almost brought down the global banking system that words like subprime mortgages, credit default swaps and collateralized debt obligations — which are normally part of investment banker’s jargon — became part of the general vocabulary. Because of this in 2009, Satoshi Nakamoto released the very first Bitcoin genesis block, or block zero. Embedded in it was a quote, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” This was roughly at…
Riot Blockchain’s Texas Mining Operations Disrupted by Winter Storms
The cryptocurrency mining company Riot Platforms, previously known as Riot Blockchain, has announced that 17,040 rigs that were installed at its facilities in Texas have been rendered inoperable as a result of the “extreme winter weather” that has been experienced in Texas. Riot said in a press release dated February 6 that two of the buildings of its Whinstone plant located in Rockdale, Texas were damaged in December as a result of the subzero conditions that the state endured for many days. From the 22nd through the 25th of December,…
What Is the Ethereum Blockchain’s Shanghai Hard Fork, and Why Does It Matter?
But in addition to accessing locked up funds, the PoS blockchain has not been fully featured ever since it went live. Even though the blockchain functions properly today, stakers have had to commit to keeping their funds locked in order to keep Ethereum running. Now with the mechanism that will unlock staked ETH, the full operation of a proof-of-stake blockchain will come to life, meaning that stakers can finally have control over their funds and decide what they want to do with their rewards. Source
Aptos Labs CEO Says NFTs Will Push Boundaries of Previous Generation Blockchains
“We really pushed the boundaries of what we think an egalitarian distribution should look like,” Shaikh said, referring to Aptos’ tokenomics. “For folks like investors, we have among the lowest distribution for any investor across any protocol at launch,” he said. Source AptosBlockchainsBoundariesCEOGenerationLabsNFTsPreviousPush CryptoX Portal
Bitcoin Miner Argo Blockchain’s Shares Climb After Regaining Nasdaq Listing
On Dec. 16, Nasdaq notified Argo that its shares didn’t comply with rules to be listed in the exchange, as closing bid prices for its stock were below $1 for 30 consecutive days. The miner was given until June 12 of this year to regain its listing privileges with Nasdaq, before potentially being delisted from the exchange. Source link
Bitcoin Miner Argo Blockchain’s Shares Climb After Regaining Nasdaq Listing
CryptoX – Cryptocurrency Analysis and News Portal On Dec. 16, Nasdaq notified Argo that its shares didn’t comply with rules to be listed in the exchange, as closing bid prices for its stock were below $1 for 30 consecutive days. The miner was given until June 12 of this year to regain its listing privileges with Nasdaq, before potentially being delisted from the exchange. Source The post Bitcoin Miner Argo Blockchain’s Shares Climb After Regaining Nasdaq Listing appeared first on CryptoX. CryptoX Portal
Latest Ethereum ‘Shadow Fork’ Brings Blockchain’s Shanghai Upgrade Closer to Reality
In the hours since the fork happened, there were some glitches with Ethereum’s nodes that use Geth clients, according to Marius Van Der Wijden, a software developer at the Ethereum Foundation. A client is a software that is used by nodes that operate the blockchain, and Geth is Ethereum’s most popular client. Source
Aussie Bank Mints Stablecoin AUDN on Ethereum and Algorand Blockchains
NAB chief innovation officer Howard Silby said the decision to mint the AUDN stablecoin, which is backed 1:1 by the Australian dollar (AUD), was based on the bank’s belief that blockchain infrastructure will play a key role in the new evolution of finance. The National Australia Bank (NAB), one of the central banks in Australia, has launched a stablecoin named AUDN. The stablecoin is all set to be launched in the middle of this year, according to the Australian Financial Review (AFR) report. NAB will go on to become the…
Blockchain’s Non-Crypto Applications Take Center Stage on Davos Day 2
Just across the street from the forum’s main congress center, in a historic church transformed into a neon hub for hosting discussions about the future, Carmen Hutt, treasurer for the United Nations High Commissioner for Refugees, detailed such an application – a recently launched blockchain payment solution for distributing humanitarian aid in Ukraine. Source link