Blockchain Financial News

As institutions regain interest in both Bitcoin (BTC) and Ethereum (ETH) as investment assets, they’re also exploring how the blockchain can redefine how finance is done using traditional assets.

The cryptocurrency industry has spent a staggering $18.96 million in federal lobbying in the first three quarters of 2023.

Web3Auth, a wallet-as-a-service infrastructure provider has teamed up with the smart contract-based multi-signature crypto wallet provider Safe (formerly known as Gnosis Safe) to launch “SafeAuth” a service which allows users to create wallets quickly without the need for seed phrases.

According to Cointelegraph, the third-largest bank in France, Societe Generale, reported issuing its first digital green bond as a security token on the Ethereum public blockchain. The bond, registered by Forge, a subsidiary of Societe Generale is expected to have gone public on November 30, 2023.

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>> Visit Meme Moguls’ website << Ethereum, a trailblazer in the crypto world, has maintained a robust position with a notable past year. As we look ahead to 2024, Ethereum's evolution is marked by significant technological strides.

With so many new projects coming on the crypto market all the time, it’s hard to know what’s just background noise and what coins are game-changers. The cryptosphere is littered with all-but-forgotten projects that were hyped as “the next big thing,” only to fall into obscurity months later as their prices flatlined into oblivion. 

Sui (SUI) has been making headlines for soaring past $150 million in TVL (total value locked). This development has been met with excitement in the crypto landscape. Another development creating a buzz is Solana’s rally, which analysts predict will continue in December. This makes it one of the altcoins to watch. Meanwhile, InQubeta (QUBE), a top ICO, has become a whale favorite thanks to its blend of growth and innovation.

Web3 development protocol Envision Blockchain Solutions has partnered with the HBAR Foundation to create a blockchain-centric system for handling the carbon markets.

A Spanish fugitive wanted by the FBI for his role in providing blockchain services to North Korea has been arrested, according to a statement from the National Police of Spain.

Osmosis and UX Chain are preparing to merge in a move that seeks to create a comprehensive DeFi hub.

Friend.tech, a decentralized social app built on Coinbase’s blockchain Base, has successfully transferred the ownership of its smart contract and funds to “a new combination of multisig and professional custody.”

“DtecA” software, an artificial intelligence driving assistant operating in the automotive industry, and its token Dtec have received an investment of 1.3 million dollars in the first seed financing round.

IBDIC) is currently working on scoping the implementation of domestic Letter of Credit (LC) issuance on blockchain as one of its use cases. Minister of State for Finance Bhagwat Karad stated in Lok Sabha that, as per IBA, only a few banks are using blockchain technology on a small scale. «As such, the issue pertaining to interoperability of such a platform between banks is not present,» he noted in a written reply, adding that Indian Banks’ Digital Infrastructure Company (IBDIC) Private Limited, formerly Indian Banks’ Blockchain Infrastructure Company (IBBIC) Private Limited, incorporated with the objective of providing a platform for exploring, building, and implementing digital solutions for the Indian financial services sector, is currently working on scoping the implementation of domestic Letter of Credit (LC) issuance on blockchain as one of its use cases. The consortium consists of 18 banks, including leading public and private sector banks in India. Karad further stated that the Reserve Bank Innovation Hub (RBIH) conceptualised the idea of an interoperable Distributed Ledger Technology (DLT) platform for the financial ecosystem and conducted a successful proof-of-concept (POC) exercise in June 2022 with banks, DLT fabric partners, DLT application layer partners, and fintech startups. «There is no proposal to set up guidelines or prescribe a model common blockchain technology platform for the banks,» he stated in his written reply in Lok Sabha. Set up by state-run banks, PSB Alliance Private Limited is looking to set up the Digital Balance Confirmation Portal, which will also provide other microservices, including a common blockchain technology platform for the issuance of letters of credit and multi-party

>>Visit VC Spectra’s Website<< On November 11, Celestia (TIA) celebrated a significant milestone with the completion of its latest network upgrade. Celestia (TIA) marked the launch of a groundbreaking blockchain featuring a unique modular data availability network. This development has not only set Celestia apart in the competitive crypto space but has also initiated a surge in demand for TIA.

People will be surprised by the fast progress being made with crypto implementations at e-commerce platform Shopify, according to a senior executive at the company.

Polygon cofounder Sandeep Nailwal on Monday said he wants Indian developers in the Web3 space globally to spearhead protocol development. «I want Indian developers to be at the forefront of protocol development. If we want to attract the best and brightest of Indian talent into Web3, we need to improve education on a protocol level,» Nailwal said, speaking at the Build for Web3 Summit in Bengaluru.

TLDR 

For the transaction, AXA IM first purchsed €5 million of CoinVertible stablecoins (EURCV), a digital asset deployed on the Ethereum public blockchain and pegged to euro. This was then used to invest in a green bond issued by Societe Generale in the form of 'security tokens' on the Ethereum public blockchain.

Three out of every four  Web3 games  launched in the past five years have met their demise, presenting a bleak outlook for GameFi industry. 

Grayscale, which manages the Grayscale Bitcoin Trust (GBTC), was in the news after it updated its trust agreement for the first time since 2018. According to reports, the move is to optimize the GBTC fund and reportedly upgrade it as a spot Bitcoin exchange-traded fund (ETF).