Blockchain Financial News

Celsius Network LLC, commonly referred to as «Celsius,» has received approval for its Disclosure Statement from the United States Bankruptcy Court for the Southern District of New York. Here are the primary details surrounding this development:

HUAWEI CLOUD, the cloud service division of global technology titan Huawei, has officially entered into a «Memorandum of Understanding (MoU)» with COBO, a frontrunner in digital asset custody solutions. This landmark announcement was made during an exclusive, closed-door event.

Tether, the renowned stablecoin issuer, has unveiled a pivotal change in its approach to blockchain support. In a bid to resonate with the evolving demands of the crypto community and uphold a fortified blockchain ecosystem, Tether will cease support for its tokens on the Kusama, Bitcoin Cash SLP, and notably, the Omni Layer platforms.

Bulgarian decentralized lending platform Nexo has unveiled a crypto-powered debit and credit Mastercard for citizens of the European Economic Area (EEA).

Although America is penned “the land of the free,” our freedom comes with exceptions. While some of these restrictions are in the name of civilian safety, what’s happening online isn’t for the greater good — it’s just for lining Big Tech’s pockets and consolidating digital power to the few.

Bank messaging network SWIFT has recently shared a report highlighting how SWIFT can connect with blockchains and solve the issue of interoperability between different blockchain networks.

The banking co-operative in June announced that it was working with more than a dozen financial institutions and market infrastructures to test the use of its messaging network as a means to instruct the transfer of tokenised value over a range of public and private blockchain networks.Participants in the project include Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear, Lloyds Banking Group, SIX Digital Exchange (SDX) and The Depository Trust & Clearing Corporation. Web3 services platform Chainlink was used as an enterprise abstraction layer to securely connect the Swift network to the Ethereum Sepolia network, while Chainlink’s Cross-Chain Interoperability Protocol (CCIP) enabled interoperability between the source and destination blockchains.Transfers of simulated tokenised assets took place - between two wallets on the same public distributed ledger technology network; between two wallets on different public blockchains; and between a public and private blockchain network.Tom Zschach, chief innovation officer at Swift says the findings have the potential to remove significant friction slowing the growth of tokenised asset markets and enable them to scale globally as they mature."For tokenisation to reach its potential, institutions will need to be able to seamlessly connect with the whole financial ecosystem," he says.

Top 100 ranked blockchain Eos (EOS) has pumped +5% in the aftermath of news that the digital asset has been approved for trading by Japan's Virtual and Crypto Asset Exchange Association (JVCEA), with markets going live in mid-September.

Lufthansa, one of the largest airline groups in Europe, has launched its nonfungible token (NFT) loyalty program on the Polygon Network. The program will allow passengers to turn their trips into NFTs that can unlock rewards like miles and business lounge vouchers. 

Hashkey Capital will invest a significant part of its assets in second-tier cryptocurrencies, with a goal of outperforming market leader Bitcoin, its portfolio manager said. The fund, run by the investment arm of Hong Kong crypto giant Hashkey Group, launches on Friday. It has already secured potential clients, mainly high-net-worth individuals and investment firms serving rich Asian families, Jupiter Zheng told Reuters. Less than 50% of its investments will be in Bitcoin and Ethereum, the two biggest crypto currencies.

Crypto analytics platform Arkham Intelligence has revealed financial services company and crypto trading platform Robinhood as a leading holder of Ether (ETH) and the owner of the fifth-largest ETH wallet, which contains about $2.54 billion of the cryptocurrency.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

August 2023 crypto market crash despite its progress in web3 gaming. Similarly, Bitcoin Cash (BCH) fell after a major stablecoin delisted its Simple Ledger Protocol. Analysts say the best crypto investment in Q3 2023 is VC Spectra (SPCT).

​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.

Over three-quarters of Vietnamese crypto holders make investment decisions through friends' referrals.

Blockchain tech company Paxos published a blog post on Tuesday illustrating how Web3 can empower enterprises in the financial sector, and kickstart a “new era” of digital sovereignty.

Prada Group, the parent company of Miu Miu, has embraced high-tech solutions like blockchain technology to combat counterfeit products.

There is a global consensus that greenhouse gas (GHG) emissions are warming the planet, but efforts to accurately measure, report and verify these emissions continue to challenge researchers, nonprofits, corporations and governments. 

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Stablecoin issuer Tether has established a banking relationship with Britannia Bank & Trust, a privately-held bank located in the Bahamas, to facilitate dollar transfers, according to unnamed sources cited by Bloomberg.

Sui Network's (SUI) attempted recovery rally appears to be breaking down, following a double-barrelled rejection from the descendant lower trendline - leaving disparate bag-holders asking is Sui Blockchain going to zero?