Technology Financial News

15.12 / 16:59

business Blockchain Technology Adoption Crypto payments solutions firm Ramp raises $53 million to increase adoption of dApps

On Wednesday, crypto-fiat gateway payments provider Ramp announced it had raised a $52.7 million Series A funding round led by Balderton Capital, NFX, Galaxy Digital, Seedcamp, Firstminute Capital, and angel investors. Ramp allows its partner brands to offer crypto-enabled services, claiming that it takes mere hours for developers to integrate their decentralized applications, or dApps, with its software.

15.12 / 15:01

Government Technology Health Tesla MPs Embattled Boris Johnson faces MPs after Tory revolt against COVID-19 measures

Boris Johnson faces MPs on Wednesday just hours after nearly 100 of his own party revolted against his move to introduce COVID-19 "vaccine passports" in the UK.

15.12 / 14:41

Technology Ethereum defi Investments $33.5 billion worth of ETH ‘trapped’ in largest Ethereum contract

The single largest Ethereum contract containing 8,641,954 Ether (ETH) worth $33.5 billion is sitting idle because it cannot be spent or sent.

15.12 / 11:10

business Blockchain Technology Adoption Seba Bank SEBA Bank launches regulated gold token to enable digital ownership of physical gold

On Dec. 15, SEBA Bank, a licensed Swiss digital assets banking platform, launched a regulated digital token backed by physical gold and exchangeable for delivery. SEBA claimed that due to its regulatory-compliant nature and the low volatility of gold prices, the gold token could eventually be used as a stablecoin for on-chain transactions.

14.12 / 21:57

Blockchain Technology Ethereum fees Immutable Immutable X Support Mintable app to support minting NFTs on the layer 2 Immutable X protocol

Mintable marketplace announced its partnership with Immutable X, a StarkWare-based layer 2 solution for NFTs on Ethereum, to make over 24 million NFTs on Immutable X available for sale on Mintable. This integration will enable users to deposit ETH and ERC-20 tokens with instant confirmation and no gas fees.

14.12 / 18:41

Technology cryptocurrency Tesla elon Elon Musk announces Tesla will start accepting Dogecoin as payment

Tesla boss Elon Musk said the electric carmaker will accept the cryptocurrency Dogecoin to purchase its merchandise on a test basis.

13.12 / 00:48

Facebook Blockchain Technology data letter NOT A letter to Zuckerberg: The Metaverse is not what you think it is

Dear Lord Sugar Mountain,

11.12 / 22:23

Blockchain Technology Bitcoin Future play Enterprise blockchain to play a pivotal role in creating a sustainable future

Bitcoin (BTC) is often used to criticize all blockchain-based projects. This is understandable since Bitcoin was the first project to use a blockchain, is arguably the most recognizable and is the largest cryptocurrency by market cap.

11.12 / 17:59

business Blockchain Technology Adoption Metaverse opens the gateway for luxury NFTs to become a multi-billion market

The nonfungible token (NFT) market is hot right now, and the future forecasts that it will only be getting hotter. The creation of the Metaverse opens the gateway for NFT luxury brands to reach $56 billion by 2030.

10.12 / 23:23

business Blockchain Technology Adoption Former SushiSwap CTO writes short reflection about leadership failures at blockchain DEX

On Friday, Joseph Delong, former chief technology officer of decentralized exchange, or DEX, SushiSwap, published a brief reflection of experiences during his tenure.

10.12 / 18:07

Technology Photography Olaf Scholz: Germany's new chancellor makes first official trip to Brussels

Olaf Scholz is making his first visit to Brussels as German chancellor.

09.12 / 19:22

business Blockchain Technology Adoption Polygon to invest up to 250M MATIC into zero-knowledge tech

Ethereum scaling solution Polygon has announced it will dedicate a maximum of 250 million MATIC tokens ($627.5 million) to a deal with zero-knowledge cryptography startup Mir.

08.12 / 13:57

business Blockchain Technology Swiss Joint Venture SBI announces crypto joint venture with Swiss digital exchange SIX

SBI Digital Asset Holdings, a fully owned subsidiary of Japanese banking giant SBI Holdings, announced a joint crypto venture with Switzerland’s SIX digital exchange (SDX).

07.12 / 19:07

business Technology defi Google Former Google CEO is now a strategic advisor for Chainlink Labs

Eric Schmidt, the chief executive officer of Google until 2011 who later served as executive chair at the tech company and its parent firm Alphabet, has joined oracle solutions provider Chainlink Labs as a strategic advisor.

07.12 / 18:29

Blockchain Technology wallet A blockchain-based platform that helps create verifiable credentials launches its own mobile wallet

The functionality of a blockchain’s utility token extends beyond its monetary value. These tokens often serve as the primary incentivization mechanism for validators to keep the network running and stakeholders to participate in decentralized governance. As such, network participants would prefer to store their tokens in a secure environment – preferably devoid of any third parties.

07.12 / 18:29

Blockchain Technology Environment Tezos Power Tezos blockchain notes power savings after PoS switch: PwC report

Tezos, a privacy focused blockchain network, released its carbon footprint report from PricewaterhouseCoopers Advisory SAS — a French member firm of the PwC network of member firms.

06.12 / 23:49

business Blockchain Technology coinbase open Coinbase launches open-source cryptography library Kryptology

On Monday, Coinbase, the fourth-largest cryptocurrency exchange globally by trading volume, announced the creation of a novel cryptographic library, Kryptology, as a compendium of tools for blockchain developers. These include secure, audited, and easy-to-use APIs, as well as a repository of common issues and lessons learned throughout the history of crypto.

06.12 / 19:59

business Blockchain Technology Stablecoin settlement International Bank of International Settlement calls the rise of decentralized finance 'an illusion' in latest quarterly review

On Monday, the Bank of International Settlement, or BIS, a financial institution owned by central banks worldwide, published a report scrutinizing the development of the decentralized finance, or DeFi, industry. The article opened by saying, "There is a "decentralization illusion" in DeFi since the need for governance makes some level of centralization inevitable, and structural aspects of the system lead to a concentration of power." It continued:

05.12 / 21:39

Blockchain Technology Adoption data NOT Browser cookies are not consent: The new path to privacy after EU data regulation fail

The endless cookie settings that pop up for every website feel a bit like prank compliance by an internet hell-bent on not changing. It is very annoying. And it feels a little bit like revenge on regulators by the data markets, giving the General Data Protection Regulation (GDPR) a bad name and so that it might seem like political bureaucrats have, once again, clumsily interfered with the otherwise smooth progress of innovation.

04.12 / 15:19

business Blockchain Technology Investments Terra Luna Without staking, institutional crypto investors cannot escape inflation

By 2021, proof-of-stake (PoS) anchored itself as the consensus mechanism of choice for new and innovative blockchains. Ethereum 2.0, Cardano, Solana, Polkadot, Terra Luna — five out of the top 10 base layer blockchains run on PoS. It’s easy to see why PoS blockchains are popular: The ability to put tokens to work — verifying transactions and earning a reward in the process — allows investors to earn a passive yield while improving the security of the blockchain network they’d invested in.

04.12 / 13:15

Blockchain Technology Art Adoption 2021 ends with a question: Are NFTs here to stay?

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.

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