The banking sector faces a moment of reckoning. Bitcoin is legal tender in El Salvador and accepted at outlets from Home Depot to Starbucks. Traditional banks face growing competition from specialists, digital challengers and non-bank brands. Branches are a thing of the past. For banking management, this is much more than just a shift in…Continue readingPrepare your banking business for the future
Category: Blockchain
Video game publisher Epic Games has said it is “open” to games that feature blockchain technology or support cryptocurrency payments. The company’s position follows Steam, its main competitor, announcing it would not be allowing games that use cryptocurrency or NFTs on its platform. Whilst Epic’s CEO Tim Sweeney has said the company will not be…Continue readingEpic Games is “open” to blockchain games according to CEO
The French central bank has completed a pilot of a blockchain-based CBDC designed for the country’s debt market. The trial was led by Belgian financial services firm Euroclear using a system developed by US tech giant IBM. After 10 months of testing and participation from more than 500 institutions in France the trial of a…Continue readingFrench central bank trials CBDC debt market system
Blockchain analytics firm Elliptic has raised £44.1 million in a Series C funding round. The funding was led by cybersecurity-focused Evolution Equity Partners, with participation from Softbank Vision Fund 2 and an array of existing investors. As part of Evolution Equity’s leading investment, Richard Seewald, founder and managing partner at the venture capital firm, has…Continue readingElliptic raises £44m in Series C funding round
Huobi, the once Chinese crypto exchange that now operates globally, has launched a ‘cloud wallet’ designed to improve ease of access to digital asset management. The new wallet feature removes the need for users to maintain their own private key through a third-party management system. This not only simplifies wallet interaction but also removes the…Continue readingHuobi develops its asset storage offering with new ‘cloud wallet’
Global NFT sales reached £7.9 billion in the third quarter of 2021, an eightfold increase over the previous quarter. This is according to data in the latest report from market tracker DappRadar, which highlights the accelerating frenzy for crypto-based assets. In comparison, DappRadar recorded £885 million in NFT sales in Q1 and £958 million in…Continue readingNFT sales at nearly £8bn in Q3 2021, up eightfold from Q2
A suspected phishing attack has led to at least 6,000 of Coinbase’s users having cryptocurrency stolen from their accounts. The Nasdaq-listed crypto exchange sent a breach notification letter to affected customers notifying them of the hack, which is believed who have taken place between March and 20 May this year. The hackers gained access to…Continue readingPhishing attack leaves at least 6,000 Coinbase accounts breached
Ojamu, a marketing technology (MarTech) platform, has raised £1.25 million in an oversubscribed private sale. The company leverages blockchain, AI, and NFTs to create automated digital marketing campaigns for brands. The platform itself is designed to be interoperable across leading blockchain networks such as Ethereum, Solana, and Avalanche. Among the many venture firms involved in…Continue readingOjamu raises £1.25m for its blockchain-based marketing platform
Video game designer Will Wright, creator of The Sims and Spore, is working on a new game that will incorporate AI, blockchain, and non-fungible tokens (NFTs). The new game, Proxi, is aimed at self-discovery. It will allow users to create and visualise memories within snow globes which collectively form a conceptual map of the player’s…Continue readingThe Sims creator’s new game to harness blockchain and NFTs
The Cardano Summit 2021 on September 26 has led to a number of strategic partnerships designed to drive adoption of the Cardano blockchain being announced. Held by the non-profit custodian of the blockchain, the Cardano Foundation, the Summit was co-located across a mixture of virtual and physical events in New York, Miami, Wyoming, London, Berlin…Continue readingCardano Summit 2021 sees DeFi, NFT and climate partnerships