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Tag Archives: Blockchain Adoption

Societe Generale Issues a Security Token on the Tezos Blockchain

The third-largest bank in France, as well as one of the leading banks in the whole world, Societe Generale, has issued its first structured product as a security token. The bank has chosen Tezos’ blockchain as the underlying network. Following the first covered bond security token issuance for 100 million euros on Ethereum’s blockchain back in April 2019, Societe Generale issued its first structured product as a security token registered on the Tezos public blockchain....

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Akon Wishes He Kept Bitcoins Gifted in 2014 and Reveals Akon City’s Progress (Exclusive Interview)

The popular Senegalese-American singer, rapper, songwriter, and record producer, Akon, shocked the world a few years back by announcing revolutionary plans to build a real-life Wakanda city in Senegal. The idea was to run entirely on renewable energy and be powered by Akon’s own cryptocurrency – Akoin. The ambitious endeavor garnered the world’s attention, and despite some challenges, recent reports indicated that the entire project should be completed within the next several...

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11% Of Business In Spain Use Blockchain Technology, Report

The use of decentralized technologies is growing in Spain, and we are not just talking about cryptocurrencies but blockchain in general, especially for enterprise purposes. From municipalities and public universities to corporations and industries, more and more businesses are adopting the blockchain in one way or another, increasing the ecosystem’s diversity and activity. According to a report by business consulting firm IDC Spain, about 46% of large companies in Spain are...

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Crypto Custodian Raises $133 Million in Series C Funding Including BNY Mellon

BNY Mellon and Silicon Valley bank have injected capital amounting to $133 million in Fireblocks’ Series C funding. Fireblocks aims to expand operations and transform the financial world through the new funding.Targets Transformation Of Digital World With New FundingDigital asset custodian, Fireblocks has raised $133 million in a Series C funding. The round was led by tech-focused investment manager, Coatue, Ribbit Capital, and Stripes. According to Fireblocks’ blog post, BNY Mellon and...

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LL Cool J Is Now a Crypto Investor Alongside Paul Tudor Jones in a New VC Fund

In yet another push forward in terms of the overall advent of the cryptocurrency space, LL Cool J is now investing in cryptocurrencies alongside billionaire Paul Tudor Jones.The report comes from Yahoo Finance, revealing that the legendary investor Paul Tudor Jones, as well as James Todd Smith, better known for his stage name, LL Cool J, have taken part in a new venture capital cryptocurrency fund.Other important individuals include the former CEO of PepsiCo Indra Nooyi, the billionaire...

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The Bitcoin Bubble Effect: Yes, We Are in a Very Early Stage (Opinion)

The debate as to whether or not we are still very early on in the cryptocurrency space is one that’s been going on for quite some time. For some reason, a lot of people tend to tie it up to the current pricing of different cryptocurrencies – something, that in my opinion, has nothing to do with the bedrock of the conversation.We’re in a bubble. Well, at least most of us are in a bubble. And I’m not talking about prices.The Bitcoin BubbleWhether you realize it or not, we’re in a bubble. Me,...

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India to Conduct Mock Trials for Remote Voting Using Blockchain Technology

India is looking towards adopting blockchain technology for remote voting. This comes despite the country’s stance against cryptocurrency trading.Blockchain Technology in India’s Voting ProcessAccording to The Wire, on Monday (Jan. 25, 2020), Sunil Arora, India’s Chief Election Commissioner (CEC), announced the plans to use blockchain technology in a mock trial for remote voting. The exercise is aimed at finding an effective way to make the voting process easier for residents in far-flung...

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Over 31% of People in Latin America Want to Invest in Bitcoin

Despite being an underdeveloped region, Latin America sets an example for the whole world in terms of adoption, trading, and interest in cryptocurrencies.A recent survey revealed that more than 30% of Latinos are interested in investing in crypto, either to increase their wealth or at least to maintain its value in times of economic instability.The study, commissioned by Sherlock Communications, includes a survey of more than 2,200 people in Argentina, Brazil, Colombia, and Mexico to...

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China’s Blockchain Attempt BSN to Reportedly Integrate CBDCs This Year

China is preparing a consequent major take on blockchain adoption. The country is developing a new project aimed at integrating international central bank digital currencies (CBDC) as a part of their recent blockchain endeavor, the BSN.Building a Universal Digital Payment Network as part of 2021 OutlookThe country’s national blockchain project, Blockchain Service Network (BSN), has featured another task on its way to adopting blockchain network and more standardized forms of digital currency...

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Vietnamese HDBank To Issue Letters of Credit on the Blockchain

The Vietnamese financial institution will reportedly initiate the provision of letters of credit (L/C) on the blockchain, aiming at better and safer transactions for its clients.Becoming a “Happy Digital Bank”Vietnamese bank HDBank has announced it will issue letters of credit (L/C) using blockchain technology. According to a recent report, the major financial institution will pioneer the local digital market by becoming the first in the county to offer the L/C using blockchain technology.A...

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