Financial Industry News
The Web3 Foundation plans to adopt blockchain startup Kadena’s Pact smart contract programming language for the Polkadot ecosystem. The two organizations signed an agreement to kick off a research project studying how Pact can be integrated into different blockchain platforms, beginning with Polkadot, Kadena announced on Tuesday at CoinDesk’s Invest: NYC event. Pact is designed […]
Continue ReadingAnt Financial, the fintech arm of Chinese tech giant Alibaba Group, has launched the testing stage for its consortium blockchain. Speaking at the World Blockchain Summit at Wuzhen, China, Jieli Li, senior director of technology and business innovation at Ant Financial, said the blockchain is set to go live three months after the testing period, […]
Continue ReadingSmartphone developer HTC plans to provide support for Binance Chain with a new special edition version of its blockchain mobile. The company announced Tuesday that it would release an EXODUS 1 smartphone that integrates with crypto exchange Binance’s namesake blockchain, providing support for its decentralized exchange and token. The EXODUS 1 Binance edition will integrate […]
Continue ReadingThe Monetary Authority of Singapore (MAS), the city-state’s central bank, has completed development of a blockchain-based cross border payments system that can support a range of currencies. Carried out as part of the ongoing Project Ubin initiative, the prototype platform was developed in partnership with investment banking multinational JPMorgan and Singapore government-owned investment firm Temasek. […]
Continue ReadingBitcoin’s lightning network might have a use case beyond faster and more scalable payments. Last week Lightning Labs developer Joost Jager revealed an experimental, new proof of concept: Whatsat, a version of lightning that can be used to send private messages. Like bitcoin, it’s censorship-resistant. But, unlike encrypted apps that morph messages into unreadable, garbled […]
Continue ReadingLongtime bitcoin advocate Bruce Fenton has created a new broker-dealer for digital asset firms and financial advisors called Watchdog Capital. The firm is registered with the U.S. Securities and Exchange Commission and a member of the Financial Industry Regulatory Authority, public filings show. It’s a subsidiary of digital securities firm Chainstone Labs, also led by […]
Continue ReadingCanaan Creative, the Avalon bitcoin miner maker and one of the world’s largest mining equipment manufacturers, has just formally filed another attempt to go public – this time in the U.S. Canaan’s initial public offering prospectus filed with the U.S. Securities and Exchange Commission (SEC) on Oct. 28 indicates it intends to list on NASDAQ under […]
Continue ReadingThe Takeaway: More than 500 blockchain projects have been registered with the Chinese government since March. The filings reveal some of the largest Chinese banks and tech companies working with the technology. Several government offices, including courts and tax bureaus, are testing blockchain platforms to execute administrative tasks, the filings show. Chinese president Xi Jinping […]
Continue ReadingFees aren’t just a topic of discussion for Bitcoin Core users anymore. As the tech matures and an economy develops, fee discussions are making their way into the lightning network too. This past weekend, bitcoiners and lightning fanatics gathered in an industrial Berlin sector for the first-ever Lightning Conference. With topics ranging from onboarding and […]
Continue ReadingThe bitcoin lightning network could be vulnerable to a simple and disruptive attack, according to a recent research paper. Written by Saar Tochner, Aviv Zohar, and Stefan Schmid, the paper describes a denial-of-service (DoS) attack that could be used to slow down or even stop a huge percentage of payments on the network and, although the behavior […]
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