BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
NGMI (Not Gonna Make It): A Comprehensive Overview
"NGMI" is a term used in the cryptocurrency community to describe individuals or projects considered unlikely to succeed due to hasty or uninformed choices. It serves as a warning label, mockery, and a reflection of market sentiments. The term is often used during market downturns to signal projects that the community believes won't recover. However, it's crucial to understand its context before making investment decisions.
Citi Unveils Digital Asset Solutions with Blockchain Integration
Citi Treasury and Trade Solutions (TTS) has launched Citi Token Services, a digital asset service that integrates blockchain and smart contract technologies to improve cash management and trade finance for institutional clients. The service offers cross-border payments, liquidity, and automated trade finance solutions, aiming to improve the regulated financial system and streamline global liquidity management.
Ankr to Introduce Sei Blockchain RPC Connection
Ankr plans to integrate its RPC service with the Sei blockchain to facilitate developers in creating swift and scalable decentralized applications. The integration will allow users to access both Sei Public and Premium RPCs, enabling them to make request calls and receive responses similar to those from a Sei full node. This will simplify node operations, provide access to advanced tools, and strengthen the Sei network.
Eureka Entertainment and Astar Network Collaborate for "CoinMusme" Blockchain Game Development
Eureka Entertainment and Stake Technologies are collaborating on the blockchain game "CoinMusme," which will introduce a new character, "Astar," and distribute 100 exclusive NFTs. The game also plans to collaborate with various cryptocurrencies and NFT projects.
Nasdaq-listed Northern Trust Boosts Digital Carbon Credit with Blockchain
Nasdaq-listed Northern Trust has introduced a digital platform for institutional voluntary carbon credit transactions, utilizing private ledger digital blockchain technology. The platform aims to streamline and digitize the complex process between institutional buyers and project developers.
Breaking: Coinbase, a16z, and Ledger Back New Texas Alliance Advocating for Clear Digital Asset Regulations
The Crypto Freedom Alliance of Texas, backed by industry leaders like a16z crypto, Bain Capital Crypto, Blockchain Capital, Coinbase, Ledger, and Paradigm, is launching a campaign to establish transparent and consistent digital asset regulations in Texas. The alliance aims to provide insights and guidance to regulators and industry stakeholders, fostering innovation and protecting consumers. The alliance is expected to grow and play a more influential role in the Texas legislative process.
Ripple XRP Expands European Presence with University Blockchain Research Initiative
Ripple has expanded its University Blockchain and Research Initiative in Europe, incorporating Trinity College Dublin, EPITA, IE University, and University of Trento. The initiative aims to nurture blockchain leaders and align with Europe's goal to become a global crypto hub. IE University will organize a virtual asset regulation workshop.
Ethereum Founder Vitalik Buterin Co-Authors Paper on Blockchain Privacy and Compliance
Ethereum's Vitalik Buterin, along with researchers and privacy advocates, published a paper on September 6, 2023, titled "Blockchain Privacy and Regulatory Compliance: Towards a Practical Equilibrium." The paper introduces "Privacy Pools," a smart contract-based protocol designed to reconcile financial privacy with regulatory compliance.
Breaking: Visa Expands Stablecoin Settlement On Solana
Visa has expanded its stablecoin settlement capabilities, incorporating the Solana blockchain and initiating pilot programs with merchant acquirers Worldpay and Nuvei. The move aims to modernize cross-border money movement by leveraging stablecoins like Circle's USDC. Visa has conducted live pilots, transferring millions of USDC between partners over Solana and Ethereum blockchain networks to settle fiat-denominated payments authorized via VisaNet. The new settlement options enable Visa to send funds on-chain to acquirers like Worldpay and Nuvei, serving various sectors.
Chinese President Xi Jinping Highlights the Transformative Impact of Blockchain and AI on Global Industries
Chinese President Xi Jinping praised emerging technologies like AI and blockchain at the 2023 China International Intelligent Industry Expo, highlighting their potential global implications.