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Permissionless Blockchains fit the Business World's Needs

R3 CTO Richard Brown recently published an interesting article. Among other issues, the story states explicitly permissionless blockchains have probabilistic confirmation of transactions. We want to clarify several parts of this problematic statement by describing how Concordium solves some of the challenges for Permissionless Blockchains. Transactions confirmation are not probabilistic Richard Brown claims that permissionless … Continue reading Permissionless Blockchains fit the Business World's Needs

SEC Charges App Developer Abra for Unregistered Security-Based Swaps

Abra and its affiliate Plutus Tech have agreed to a cease-and-desist order and a combined penalty of $150,000 after being charged by the Securities and Exchange Commission for selling unregistered security-based swaps to investors in 2019. The Securities and Exchange Commission (SEC) has charged California-based Abra and a related firm Plutus Tech in the Philippines … Continue reading SEC Charges App Developer Abra for Unregistered Security-Based Swaps

The Nascent Primary Market of Security Token Offerings

The years 2017 and 2018 saw an influx of ventures raising substantial amounts of money through initial coin offerings (ICOs). The Ethereum blockchain greatly facilitated the spectacular surge of ICOs, even though utility tokens and cryptocurrencies are not primarily meant for raising external capital for start-up firms. Now that the ICO market bubble ebbed away … Continue reading The Nascent Primary Market of Security Token Offerings

Kraken Brings Crypto Asset Liquidity to Skrill and Neteller

Paysafe, a leading specialized payments platform has chosen US-based cryptocurrency exchange Kraken as their crypto asset liquidity provider. Paysafe has become the latest enterprise payments platform to choose Kraken as its crypto asset liquidity provider. According to the announcement, the partnership will further strengthen Paysafe’s own cryptocurrency trading services through its massively popular digital wallets— … Continue reading Kraken Brings Crypto Asset Liquidity to Skrill and Neteller

Brock Pierce Served for Securities Fraud in Connection with His Blockchain Company Block.one During Electoral Campaign

Presidential hopeful Brock Pierce was served a court summons during his presidential campaign in front of his new headquarters in New York City today. US attorney James Koutoulas uploaded a video of when the class action caught Pierce by surprise. During a presidential campaign run that marked the opening of his New York City headquarters, … Continue reading Brock Pierce Served for Securities Fraud in Connection with His Blockchain Company Block.one During Electoral Campaign

Finality: A Necessary Condition for Blockchain Applications in Finance

Settlement finality is critical in the world of traditional finance. The same applies to decentralized finance built on distributed ledger technologies (DLT). DLTs or blockchains are an innovative assembly of existing technology concepts, for example timestamping, chaining of data blocks (initially invented by IBM in 1976) as well as consensus algorithms. The Proof of Work … Continue reading Finality: A Necessary Condition for Blockchain Applications in Finance

Can CBDC Drive Financial Inclusion?

CBDC, or Central Bank Digital Currency, has long garnered the attention of several nations across the globe. Countries such as China, South Korea, Brazil, and Japan are diligently working towards making their sovereign digital currency a reality, taking measures to accelerate its launch. Meanwhile, the Caribbean nation of Bahamas plans to release the Sand Dollar, … Continue reading Can CBDC Drive Financial Inclusion?

Unstoppable Domains and Chainlink Introduce Twitter Verification for Crypto Payments

Unstoppable Domains a company building blockchain domain names, and Chainlink the secure oracle network, have launched a Twitter authentication service for .crypto addresses. According to a release shared with Blockchain.News, with this new feature, .crypto users can quickly authenticate by connecting to a public social media profile, and verify the address’ ownership through MyEtherWallet (MEW), … Continue reading Unstoppable Domains and Chainlink Introduce Twitter Verification for Crypto Payments

Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot

Equilibrium, a decentralized cross-chain money market, has chosen Chainlink, a tokenized oracle network, to power synthetic assets, lending, and stablecoins using its smart contracts. The decision to settle on Chainlink was propelled by its time-tested solution as a decentralized oracle provider. Real-time valuations on DeFi assets Daniel Kochis, Head of Chainlink Business Development, was enthusiastic … Continue reading Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot

China Tightens Regulation on Tech Industry, Sinking Alibaba and Tencent Stocks on Single’s Day

Today marks a very special day in China. Singles’ Day, November 11, or 11/11 is supposed to be a huge spending day in China, not unlike Black Friday. Numerous retailers and companies offer discounts on these days to boost sales. However, with Beijing’s increased tightening of regulations, Chinese tech shares have slumped, wiping out more … Continue reading China Tightens Regulation on Tech Industry, Sinking Alibaba and Tencent Stocks on Single’s Day