Blockchain

As blockchain technology continues to mature, Deutsche Bank and Standard Chartered’s initiative offers a promising vision of the financial world’s future. German banking giant Deutsche Bank (ETR: DBK) and Standard Chartered’s SC Ventures have begun testing the UDPN, a system that promises to ensure seamless communication and interoperability between various digital assets, stablecoins, and Central Bank Digital Currencies (CBDCs). Deutsche Bank and Standard Chartered Now Testing the Waters...

Unlike traditional banking transactions, which usually operate only during business hours, the platform executes transactions at any given time of the day. JPM Coin, the blockchain-based payment platform developed by JPMorgan Chase (NYSE: JPM), has successfully reached an impressive milestone of processing $1 billion worth of transactions daily. The company’s Global Head of Payments, Takis Georgakopoulos, shared the news in an interview with Bloomberg Television, noting that most...

The forthcoming MiCA regulation aims to introduce a uniform set of rules and guidelines for crypto assets that currently operate outside the scope of traditional financial regulations. Fidelity Investments, one of the leading asset management companies in the United States, plans to establish its presence in Europe through its crypto subsidiary Fidelity Digital Assets.  The unit, launched in November 2018 to offer Wall Street investors the opportunity to buy and sell cryptocurrencies such...

Polygon Labs called the launch of the Polygon token a major milestone on the Polygon 2.0 journey toward building the Value Layer of the Internet. In an announcement on Wednesday, October 25, Polygon Labs announced the launch of its new Polygon Token, POL, on the Ethereum blockchain network. The POL token’s purpose is to succeed the MATIC token as the next-generation, highly efficient ecosystem for Polygon. This ecosystem encompasses the primary Polygon blockchain, the Polygon zkEVM...

Layer-1 blockchain Avalanche is known for its speed, low cost, scalability, and security. Blockchain horse racing game NEOBRED has announced that it is integrating with blockchain Avalanche to provide players with a superior gaming experience by leveraging the network’s speed and cost-effectiveness. A spokesperson from NEOBRED said of the integration: “We are excited to integrate with Avalanche and offer our players a new level of gaming performance and efficiency […] Avalanche’s...

Introducing Paris Blockchain Summit IV: the premier annual rendezvous of companies, institutions, and international decision-makers from the blockchain ecosystem France has become a major European hub for the Blockchain and Web3 industry. At each edition, PBS brings together the international community in an elegant and professional setting, ideal for high-level meetings between institutions, companies, investors, specialized journalists and business leaders. For...

Are Hamas terrorists really raising tens of millions of dollars using crypto? Blockchain surveillance experts at Elliptic say the truth is a bit more nuanced. The firm released a blog post on Wednesday dissecting prior claims from the Wall Street Journal about crypto being a major source of financing for the organization, which were later cited by U.S. Congress. Crypto Terrorism: Myth VS Fact In its report earlier this month, the WSJ cited Elliptic in claiming that $130...

Crypto hardware wallet manufacturer Ledger has rolled out a new feature called Ledger Recover, which allows users to back up their recovery seed phrases. Meanwhile, the initial announcement saw pushback from the crypto community, who criticized the service, with the formal launch still not welcome by users. Ledger Recover Goes Live Ledger announced the launch of its new optional subscription-based seed recovery service on X called Ledger Recover, provided by the blockchain...

Founder and CEO of crypto custodian Fortress Trust, Scott Purcell, has stepped down from his position nearly a month after major blockchain firm Ripple canceled its proposed acquisition of the company. Fortress also reportedly reduced its workforce after suffering a previous hack incident. Fortress CEO Leaves Company Scott Purcell has resigned from his CEO position at Fortress, according to Fortune, which said that the former chief confirmed his departure from the company....

TL;DR Ripple joins forces with crypto exchange Uphold to enhance cross-border payments, with both parties optimistic about the collaboration’s impact. XRP’s value dropped by 5% recently, despite its peak at $0.58 on October 24. The ongoing Ripple-US SEC lawsuit and overall crypto market trends could sway XRP’s future price movements. Ripple’s Latest Collaboration Ripple announced that it had teamed up with the American-based cryptocurrency exchange – Uphold – “to underpin...