Archived Posts

In a first of its kind, Ukrainian crypto exchange Kuna has rolled out a stablecoin pegged to the hryvnia (UAH), the national currency of Ukraine. Christened UAX token, the latest stablecoin is pegged to the hryvnia on a 1:1 ratio and is deployed on the Ethereum blockchain, as per the official announcement by Kuna exchange   Read more...

While most of the firms participating in the NFT NYC event were early stage startups, busily marketing themselves, two firms, NBA and NFL, have millions of supporters across the globe. Adrienne O’Keeffe, associate vice president of partnerships at the NBA, and Sophie Gage, advisory at the NFL Players Association, was part of a team that   Read more...

A blockchain based settlement platform has been launched by Paxos, the New York regulated financial firm backing the US dollar pegged stable coin. In the final part of 2019, Paxos Trust Company had announced its plan to roll out a platform facilitating the settlement of chosen US listed equities transaction between the broker-dealers Swiss financial   Read more...

According to software giant IBM, Indonesian Directorate General of Customs and Excise has started utilizing its blockchain powered shipping solution, TradeLens. New reports last year indicated that the platform is being implemented by the Indonesia Customs and Excise Department. Furthermore, the organization had revealed its intention to become a member of the TradeLens consortium. With   Read more...

IOTA, a cryptocurrency that uses next-generation bockless network called tangle technology, has issued another update regarding the hacking of its official wallet. IOTA Foundation has advised users of Trinity Wallet to quickly reset their passwords and utilize the seed migration tool to safeguard their assets. According to the Foundation, Trinity users who created or updated   Read more...

A preplanned protocol upgrade of Cardano (ADA) blockchain will take place later today, leading to the installation of Ouroboros BFT, an enhanced consensus system. The overhaul is an interim stride between the prevailing Byron period and Shelley, which will initiate staking on mainnet. Yesterday IOHK announced that the network overhaul will be implemented at 9:44   Read more...

Avichai Mandelblit, Israel’s attorney general, has informed that Israeli banks have no right to refuse services to companies involved in cryptocurrency related business. Rather than stopping banking facilities for crypto related companies, close scrutiny is necessary to identify cases of possible money laundering or other illegal financial dealings, Mandelblit informed the District Court of Tel   Read more...

HSBC executive, in an analyst call held on February 18, disclosed the bank’s intention to eliminate 35,000 positions by the end of 2022 and invest additional funds in digital solutions. HSBC aims to trim down the staff count and branches over the next three years, while streamlining the operations by setting aside money for technological   Read more...

Blockchain technology is witnessing continuous advancements. One of the biggest complexities faced by companies using blockchain is how best the services they offer can be made accessible and also practical for users in various countries. The Carrier Blockchain Study Group (CBSG) Consortium is working to resolve that core problem. Established in September 2017, the group   Read more...