The official announcement stated: In many ways, this collaboration started with the Scaling Bake-Off that we hosted in this community with the Ethereum Foundation. In this new stage of our partnership, immediate efforts will be focused on bringing Ethereum to Reddit-scale production. Our intention is to help accelerate the progress being made on scaling and…
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Peter Hubli, Head Digital Asset Solutions at ZKB, commented: With FundsDLT we convinced ourselves of the potential for the entire value chain in the fund business, including the improvement of customer experience, efficiency in the settlement process and the reduction of costs. The proof of value allowed us to have a sneak peek into the…
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The lending giant has proposed to make to make all non-cash Rubles digital, developing its own model for the issuance and circulation of the digital Ruble. The country’s Central Bank had proposed a draft on the issuance of digital Rubles, considering it a third form of money. However, Sberbbank’s proposal differs from the Central Bank’s…
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Where is blockchain used? Blockchain is still primarily used for powering cryptocurrencies, such as Bitcoin. The blockchain is a ledger, or log, of every Bitcoin or other crypto transaction ever made and users on the network collaborate to verify new transactions when they occur - an enterprise known as "Bitcoin mining". It has long been…
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Global equities hit a record high on Wednesday as the recovery seen since the collapse in February continues apace. The FTSE All World index climbed 0.9% to 384.9 points, ahead of a high set in February, as technology giants which have propelled US markets higher now lift the global index to a new peak. Huobi…
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Li explained that in this background Huobi was launched in September 2013. He commented: The most powerful push of the industry is that people realize how profitable it is to invest in Bitcoin. It was on November 19, 2013, I could never forget, I was sitting in front of my laptop and realized that Bitcoin…
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Dr Ulli Spankowski, Chief Digital Officer of Boerse Stuttgart GmbH, commented: The project shows what novel investments are possible with blockchain-based tokens for investors in the industrial sector. At the same time, companies gain greater flexibility for the financing of capital goods. With a view to this and further new markets we are creating an end-to-end ecosystem for…
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Kristina Littman, Chief of the SEC Enforcement Division’s Cyber Unit said: Investors are entitled to truthful disclosures from issuers of securities, whether digital or otherwise. Pavithran and Boon.Tech defrauded investors by convincing them to fund this endeavor based on the allure of innovation that simply did not exist. The US watchdog found that Boon.Tech and…
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Takasbank (or Turkey’s Istanbul Clearing, Settlement and Custody Bank) has announced that it will be launching a blockchain-based physical gold-backed transfer system. The system is called BIGA Digital Gold and allows P2P gold transfer through blockchain. The transfer is valid for digitizable gold only. According to the announcement what the new system tries to accomplish…
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The global FX market is to be disrupted and improved by major blockchain leaders. Finteum and Fnality have announced that they are partnering to create interoperability between Fnalty's USC Ethereum-based solution (Utility Settlement Coin) and Finteum's application (the app is built on R3's platform Corda). The interoperability creation will focus on intraday FX swaps executed…
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