Ethereum hits $3.2K, surpassing Bank of America market cap
Ethereum’s market cap tops Bank of America, while the SEC weighs spot ETH ETF options and DeFi gains traction. Go to Source
Blockchain
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Vitalik explores potential of ‘info finance’ as ETH tops $3K
Ethereum’s Vitalik Buterin proposes “info finance” as a pioneering framework to harness blockchain and AI for factual insights. Go to Source
Cronos Labs and Google Cloud Partner to Boost the Cronos Blockchain Ecosystem
This partnership will see Google Cloud serve as the primary cloud provider for the Cronos ecosystem. Partnership Aims to Accelerate Cronos Ecosystem’s Growth A strategic relationship extension with Google Cloud has been announced by Cronos Labs, a blockchain startup accelerator dedicated to expanding the Cronos blockchain ecosystem. Google Cloud will be the main cloud provider … Read more
UBS Digital Cash Pilot Completes, Paving the Way for Blockchain Payments
UBS has unveiled a major breakthrough with UBS Digital Cash, a blockchain-based solution poised to revolutionize cross-border payments. UBS Digital Cash: A Blockchain-Driven Shift in Global Payments Financial giant UBS announced on Thursday the successful pilot of UBS Digital Cash, a blockchain-based multi-currency payment solution aimed at enhancing transparency, efficiency, and control in cross-border transactions … Read more
JPMorgan Set to Launch Instant Settlement for Euro-Dollar Conversions
The bank’s token, JPM Coin, which already processes $2 billion in transactions every day, will be used for the settlement processes. JPMorgan Leveraging Blockchain for Cross-Border Settlement JPMorgan, the largest bank in the U.S. has set out plans to provide quick settlement for currency exchanges between the dollar and the euro. Over time, the bank … Read more
Google Cloud becomes main validator on Cronos blockchain
Google Cloud will contribute to Cronos’ decentralization and security, along with other notable validators like Crypto.com and Blockdaemon. Go to Source
Web3 Gaming Hype Fizzles: Developer Blames Unrealistic Expectations
Riccardo Sibani, Chief Product Officer (CPO) at the Web3 gaming platform My Neighbor Alice, believes the hype surrounding Web3 gaming has cooled due to unfulfilled promises and unrealistic expectations. Web3 Gaming Needs Time to Deliver on Promises Sibani, a blockchain developer, further argues that the mismatch between retail and traditional investor expectations has contributed to … Read more
The future of money and backbone of globalization 2.0 is the cost of consensus
The future of money is the cost of consensus, and the economy of the future will usher in the next era of globalization. Go to Source
BBVA Debuts Tokenized Fund in Spain’s Sandbox
BBVA is launching a tokenized fund integrated into the Spanish securities regulator’s sandbox. The fund will be open only to BBVA employees to research the benefits of applying blockchain technology to these applications. BBVA to Experiment With First Blockchain Tokenized Fund Tradfi institutions are now open to testing decentralized technologies and applying them to existing … Read more
US Treasury: Blockchain can improve financial system
The US Treasury is especially keen on distributed ledger technology (DLT) for payments, settlement and clearing. Go to Source