Categories
Blockchain

Blockchain lags behind other technologies in finance adoption for now, says Broadridge

Global fintech firm Broadridge Financial Solutions has released a new report on next-gen technology adoption amongst financial services firms. It finds that, of the four ABCDs of innovation (AI, blockchain, cloud, and digital), blockchain technologies are currently being implemented the least. Of the 1,000 C-suite executives and direct reports that were surveyed, only 15% are…

Categories
Blockchain

KPMG, BitGo, and Coin Metrics launch combined offering for public blockchains

Global accounting firm KPMG has announced the launch of a suite of products and services designed to enable increased adoption of cryptoassets and public blockchains in a combined offering with digital asset firms BitGo and Coin Metrics. The collaboration seeks to bring KPMG’s Chain Fusion services, capabilities and accelerators; BitGo’s custody technology; and Coin Metrics’…

Categories
Blockchain

Assessing the rise of DeFi – and how data will drive fintech in 2021

2020 saw a notable increase in the need for and availability of fintech solutions across various industries, such as personal banking, transportation, and food service, with many apps already utilising data aggregation techniques to make one-touch purchases and payment options the new standard. Companies like Uber and Amazon use frictionless data aggregation to curate a…

Categories
Blockchain

Xi’an Jiaotong University establishes blockchain research institute with Future FinTech

Future FinTech (FTFT), a leading blockchain eCommerce company and a financial technology service provider, has announced that its wholly-owned subsidiary, Future Commercial Group, has begun cooperating with the School of Economics and Finance at Xi’an Jiaotong University to establish a blockchain finance research institute. Future Fintech and the School of Economics and Finance of Xi’an…

Categories
Blockchain

Tether and Bitfinex reach $18.5m settlement with New York’s Attorney General

Crypto firms Tether and Bitfinex have reached a settlement with the New York Attorney General’s (NYAG) Office over a controversial case that began in April 2019. As part of the settlement, both firms must discontinue any trading activity with New York citizens and are also required to provide quarterly reports and public disclosures on core…

Categories
Blockchain

Volvo owner Geely and Concordium announce joint venture for China blockchain services

Volvo owner Geely Holding and Switzerland-based Concordium have signed a joint venture deal that will provide Chinese customers with blockchain technology that can be used to build new business models and create decentralised applications. The joint venture, which is expected to be operational later this year after regulatory approval is secured, will use Concordium’s blockchain…

Categories
Blockchain

UPCO2 becomes first tradable carbon credit token listed on Bittrex Global

Universal Carbon (UPCO2) has become the first environmental crypto commodity to be listed on leading digital asset trading platform Bittrex Global. UPCO2 is marketed as the world’s first tradable REDD+ carbon credit token and was launched on December 1 2020. As this publication reported last month, crypto broker Uphold noted the concept as one which “democratises…

Categories
Blockchain

Umbria partners with Polygon to support development of DeFi protocol

Umbria Network, a decentralised finance (DeFi) platform on the Ethereum blockchain, has announced it will be building its applications on the Polygon network. Polygon, formerly known as Matic, provides scalable, secure, and instant Ethereum transactions using plasma side chains and a proof-of-stake (PoS) network. It is one of the most active layer-two Ethereum scaling solutions in…

Categories
Blockchain

First ever digital artwork to be sold at Christie’s – made possible by blockchain

Major auction house Christie’s will open bidding this month for an online-only sale of ‘Everydays – The First 5000 Days’ by prominent digital artist Mike Winkelmann, known online as Beeple. The sale is claimed as first time that a purely digital NFT (non-fungible token) based work of art has ever been offered by a major…

Categories
Blockchain

ShapeShift report cites Cosmos, Polkadot, and NEAR as key emerging smart contracts tech

Cryptocurrency exchange platform ShapeShift has released a new in-depth report on new smart contracts protocols – and has cited Cosmos, Polkadot, and NEAR with particular potential for decentralised applications (dApps). The report, authored by Kent Barton, head of research and development at ShapeShift, is the first in a series of three reports to be published…