Blockchain Financial News

Members of the United Kingdom’s House of Lords have introduced legislation aimed at eliminating the need for paper trade documents, increasing the likelihood of using blockchain technology to trace records.

A group of seven U.S. senators from the Democratic Party, led by Massachusetts Senator Elizabeth Warren, have called Texas a ‘deregulated safe harbor’ for Bitcoin miners.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com. 

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Tech giant Samsung announced it will utilize blockchain technology to upgrade security protocols for all of its smart devices.

There were hints that of late, the STEPN’s primary focus was on promoting its parent company Find Satoshi Lab, besides focusing on new projects to be released such as the NFT exchange market.

On 11 September, Avalanche [AVAX] saw some important announcements and events, as OpenSea, the largest peer-to-peer marketplace for NFTs on Ethereum launched on the Avalanche proof-of-stake blockchain.

Cryptocurrency exchange Blockchain.com has recently beengranted preliminary approval from Singapore to provide crypto services in the Southeast Asian city-state. The exchange plans to grow its Singapore office and expand its client base as this process goes underway.

Former Terra developer Neel Somani has raised $15m for a new project focused on developing cross-chain roll-ups.

A former developer from the fallen Terra company has raised $15 million for his startup.

Seven web3 companies have come together to form an alliance to focus on spreading awareness about the importance of data privacy.

Algorand may not be the most popular blockchain network but it has quickly been climbing up the ranks. It owes this growth to the rapid development aimed at leveraging the demand for fast and affordable layer-1 solutions.

In a new partnership with the Commonwealth of Dominica, Tron [TRX], the decentralized, open-source blockchain, was announced as the preferred blockchain of the Commonwealth of Dominica to develop and issue the Dominica Coin (DMC).

Tom Zschach, chief innovation officer at Swift says that the success showed that the blockchain networks could be interlinked for cross-border payments through a single gateway, and that Swift’s new transaction management capabilities could orchestrate all inter-network communication.“For CBDCs, our solution will enable central banks to connect their own networks simply and directly to all the other payments systems in the world through a single gateway, ensuring the instant and smooth flow of cross-border payments," he says.14 central and commercial banks, including Banque de France, the Deutsche Bundesbank, HSBC, Intesa Sanpaolo, NatWest, SMBC, Standard Chartered, UBS and Wells Fargo, are now collaborating in a testing environment to accelerate the path to full scale deployment.As reported by Finextra yesterday, a seperate Swift-led pilot has also successfully implemented a common framework linking tokenisation systems between CSD’s and global custodians. Working in collaboration with Citi, Clearstream, Northern Trust, and technology partner SETL, Swift explored 70 scenarios simulating market issuance and secondary market transfers of tokenised bonds, equities and cash.

The market for non fungible tokens (NFTs) is in flux. Trading volumes have collapsed since the start of the year as the crypto winter rolls on.

Ever since Polkadot [DOT] recorded an extremely high development activity, the blockchain has become a buzzing topic in the crypto industry. However, Polkadot didn’t intend to stop just there.

Sandeep Nailwal, the co-founder ofPolygon [MATIC] recently tweeted about the growing gaming ecosystem in the Polygon network. As per the tweet shared by the co-founder, Polygon was the biggest blockchain in the gaming space. 

The transition of the Ethereum [ETH] network into a proof-of-stake led to the supply of the network’s Ether [ETH] witnessing a significant drop, data from Santiment revealed. 

According to the cryptocurrency analytics platform, LunarCrush, Chiliz [CHZ] witnessed a surge in its social activity in the past few weeks. As of 12 October, the cryptocurrency asset’s social mentions hit a daily high of 9,460, the highest point in the last 90 days.