Search Results for: Development

Bitfinex Securities Launches El Salvador's First Tokenized Debt for Hilton Hotel Development

The first licenced supplier of digital assets in El Salvador, Bitfinex Securities, is spearheading the nation’s first tokenized asset raising using the layer 2 Liquid Network of Bitcoin. Bitfinex Securities intends to use a tokenized debt offering in partnership with Inversiones Laguardia S.A. de C.V. to finance the construction of a new Hilton hotel complex … Continue reading Bitfinex Securities Launches El Salvador's First Tokenized Debt for Hilton Hotel Development

France Seeks to Block Development of Libra in Europe

France plans to block the development of Facebook Libra in Europe citing concerns over consumer risk and monetary sovereignty according to a report by The Guardian on September 12. While speaking at a recent conference in Paris on virtual currencies, Bruno Le Maire, French Finance Minister said, “In these conditions, we cannot authorise the developments … Continue reading France Seeks to Block Development of Libra in Europe

Tertiary institution Signs MOU with Cryptography Development Initiative in Nigeria

As the rest of Africa makes an effort to secure a position of relevance in the blockchain space, Nigerian based Nile university has gone into partnership with Cryptography Development Initiative in Nigeria (CDIN), the announcement was made in the official Twitter handle of CDIN on October 16. Prof. Aras, the institution’s Vice-Chancellor(VC) of the university … Continue reading Tertiary institution Signs MOU with Cryptography Development Initiative in Nigeria

President Xi Urges Expedition of Blockchain Development in China

On Oct. 25, China’s President Xi Jinping said at the study session of the Politburo held on Thursday that the nation should accelerate the development of blockchain technology.   Xi Jinping delivered a speech while presiding over the study. He pointed out that the application of blockchain technology has extended to digital finance, Internet of Things, … Continue reading President Xi Urges Expedition of Blockchain Development in China

Official State-Run Publication Reports Blockchain Development in China to Reach $2 Billion In 2023

Chinese publication, Xinhua, reports that blockchain technology will reach $2 billion in 2023, and blockchain development in China is expected to increase by a compound annual growth rate of 65.7% from 2018 to 2023. A study conducted by American intelligence firm, IDC, stated that a large proportion of China’s blockchain spending was headed towards the … Continue reading Official State-Run Publication Reports Blockchain Development in China to Reach $2 Billion In 2023

ArcBlock Blockchain Platform 1.0 to Hasten Development of Decentralized Networks

ArcBlock has released an updated framework called ArcBlock Blockchain Platform 1.0. It will assist businesses and developers to quickly manage and build decentralized applications and blockchain networks. ArcBlock has acknowledged that this innovation was prompted by the feedback from customers and developers, urging for service improvement. One of the primary concerns was the creation of … Continue reading ArcBlock Blockchain Platform 1.0 to Hasten Development of Decentralized Networks

Twitter Takes on Decentralization with New Social Media Development Project

Twitter CEO Jack Dorsey is working on an initiative to decentralize social media, also known as ‘BlueSky,’ alongside five other programmers. Previously, Twitter was known for its decentralized aspect in its early days, and many of its users advocating for it to be that way. With time, the company was influenced by the development of … Continue reading Twitter Takes on Decentralization with New Social Media Development Project

United Nations Development Programme to Conserve and Increase Kazakhstan’s Forestland Using Blockchain

The United Nations Development Programme (UNDP) has been working with blockchain development firm BitFury in an effort to help the country reduce its greenhouse emissions by more than 15 percent as this would conserve and boost Kazakhstan’s Forestland as a part of the United Nations sustainable development goals. According to the Astana Times, BitFury is … Continue reading United Nations Development Programme to Conserve and Increase Kazakhstan’s Forestland Using Blockchain

Libra Association Appoints Steering Team to Oversee Its Cryptocurrency Network Development

The Libra Association has appointed a five-member technical steering team to oversee the ongoing development of the Libra project. Late last year, Libra made some important changes, including forming new firms and updating its mission to emphasize on payments instead of currency.     The five-member team The steering committee’s role includes the coordination and oversight … Continue reading Libra Association Appoints Steering Team to Oversee Its Cryptocurrency Network Development

Federal Reserve Considers a FEDcoin in Wake of Rising Stablecoin and CBDC Development

Federal Reserve Governor, Lael Brainard said that the Fed is weighing the developments and policy issues in the digital payments sector and experimenting with central bank digital currencies (CBDC) in consideration of potentially issuing its own digital currency. According to Reuters, Brainard’s comments while speaking with the Stanford Graduate School of Business on Feb. 5, … Continue reading Federal Reserve Considers a FEDcoin in Wake of Rising Stablecoin and CBDC Development

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