Category: Blockchain News

Facebook Launches Swiss-Based Startup to Develop Its Crypto

The social media heavyweight has recently set up a company in Switzerland to focus on its stablecoin and blockchain-based payment system Citing a Swiss news website, Handelszeitung, Reuters reports that Mark Zuckerberg’s social media has chosen the local jurisdiction for making its plans regarding its USD-pegged coin come true. Choosing […]

Crypto Valley: The Most Innovative Place You’ve Never Heard Of

Photo: Unsplash Most of us have heard of Silicon Valley, home to such household names as Apple, Google, and Facebook. Heck, there’s even a successful TV show named after the place, with the comedy series parodying the famous companies who call Southern California home. Not quite as many people have […]

Cornell Uni’s Emin Gun Sirer Debuts Ava Blockchain Following $6 Million Investment

Emin Gun Sirer, a professor at Cornell University and a major global blockchain expert, will launch his own cryptocurrency and blockchain network, Bloomberg reported on May 16. Sirer, the creator of the first crypto based on proof-of-work (PoW) — Karma System — is now planning to launch a blockchain network […]

Coin Metrics Report Highlights Discrepancies in Ripple’s Escrow System Reporting

Blockchain analysis company Coin Metrics has found discrepancies in blockchain payments network Ripple’s escrow system reporting, according to a May 16 report. Coin Metrics, which conducts analysis of various aspects of cryptocurrency tokens, investigated Ripple and discovered what it said were contradictions that required an explanation. “Coin Metrics found several […]

Chiliz Partners Binance Chain to Bring Global Brands into the Crypto Space

Photo: Chiliz / Medium This year is rich in interesting collaborations in the crypto sphere. Just recently it has become known that Chiliz, the digital currency for sports and entertainment platforms, has entered in a strategic partnership with a blockchain software system developed by Binance, Binance Chain. The main idea […]

World’s Largest Banks Investing $50M in Digital Cash Settlement System

Several major banks, including UBS, Banco Santander, HSBC Holdings and Deutsche Bank, are planning to build a blockchain-based settlement system by investing $50M into a joint entity called Fnality. Several of the world’s largest banks are in the process of investing around $50 million to create a digital cash system […]

World Bank and CBA Trumpeting Success Recording ‘World First’ Blockchain Bond Trading

Photo: Pavlos Giorkas / Flickr The World Bank and Commonwealth Bank of Australia announced Wednesday their successful results in recording secondary transaction for Bond-i (Blockchain Offered New Debt Instrument). It means that Bond-i has become the first bond traded and issued through the blockchain tech. World Bank vice president and […]

Just 376 People Own 33% of the World’s Ether, Chainalysis Report Says

A third of the world’s ether (ETH) is owned by just 376 people, according to Chainalysis research published on May 15. Despite controlling a large portion of ETH’s circulating supply, the study found these “whales” are responsible for just 7% of all transaction activity. Chainalysis concluded that while these individuals don’t […]