Blockchain solutions provider Ripple is set to team up with Dubai’s DIFC Innovation Hub. The collaboration is designed to accelerate blockchain and digital assets innovation in the United Arab Emirates (UAE), Ripple announced Wednesday (Aug. 7), connecting developers with the DIFC Hub, home to more than 1,000 growth-stage tech companies,...
Fraud detection and prevention are among the many promises blockchain technology holds. But unlike certain other far-from-realized promises, the security of on-chain digitization is finding real use in the real world. On Tuesday (July 30) California’s Department of Motor Vehicles (DMV) digitized tens of millions...
State Street is reportedly looking at a number of options for settling payments on blockchain. The financial services and banking firm is considering creating its own stablecoin, creating its own deposit token, joining digital-cash consortium efforts, and developing settlement options through blockchain payment startup Fnality,...
Traditional financial operations are centralized, regulated and audited. Blockchain technology and cryptocurrencies are, well, pretty much the opposite, relying instead on cryptographic algorithms and decentralized consensus mechanisms to secure transactions. But despite the sector’s troubled youth, as the blockchain and digital asset space matures, major...
Cryptocurrency exchange Coinbase introduced a centralized hub for monitoring onchain activity. “In the rapidly evolving, decentralized world of crypto, keeping track of your onchain activities can be hard,” the company said in a Thursday (July 11) blog post. “Today, many people use manual spreadsheets and...
Crypto is as crypto does. And crypto is, by all appearances, trying to do better. The European Union’s (EU) landmark Markets in Crypto-Assets Act (MiCA) framework is now live, and Web3 companies are already complying, a fact which industry observers believe could represent the start...
Blockchain builder Algorand has debuted a tool for decentralized authentication and communication called LiquidAuth. As the company said in a news release Wednesday (June 26), LiquidAuth is an open-source solution for “authenticated peer-to-peer communication between wallets and apps/dApps,” designed to end the “overreliance” on centralized...
Digital technology is undoubtedly the spear tip of innovation driving financial services forward. And that spear tip is coming to include blockchain, or distributed ledger, technology. That’s because proponents of blockchain and on-chain solutions believe the tokenization of financial assets could one day reshape the...
There’s a new on-chain token in town, and it’s not the one you’re thinking of. While there exists a variety of “tokens” within the 21st-century payments and financial services landscape, with innovations ranging from cryptocurrency tokens to tokenized payments, it is a third token, tokenized...
