Flowcarbon, a climate company co-founded by WeWork’s Adam Neumann, is refunding holders of its native crypto token, the “Goddess Nature Token,” after it failed to launch, according to a Forbes report. The startup, which started in 2022 and raised $70 million from investors like Andreessen Horowitz to tokenize carbon credits…
The fundraising round consisted of $10 million equity investment and $28 million of investments in real-world assets on Huma’s platform. Investors included Distributed Global with significant participation from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures. Huma merged with cross-border payments firm Arf earlier this year and the…
Two major technology companies—Siemens and Samsung—have made significant strides in the crypto sector, each advancing their involvement in different ways. Siemens issues €300 million digital bond. German technology giant Siemens launched its second digital bond, valued at €300 million, on a public blockchain, according to a Sept. 4 statement. The…
This week’s roundup covers TON Society’s open letter to French authorities, Gate.io’s partnership with Inter Milan and other stories. TON Society Calls on France to Release Telegram’s Pavel Durov The Open Network (TON) Society, representing the TON community, has issued an open letter to French authorities. They urged the immediate…
If blockchain platforms can solve the pain points of traditional finance, they can acquire a lion’s share of the payment industry. Binance Research Talks About Advantages of Blockchain Today’s payment industry relies heavily on an analog and cumbersome infrastructure. Limited banking hours and numerous intermediaries further compound their inefficiencies. Globally,…
The Bank of England said it plans to carry out a series of experiments on a wholesale central bank digital currency and distributed ledger technology. It will also experiment to ensure that the “singleness of money” is maintained with stablecoins and tokenized deposits. The Bank of England said it’s planning…
Digital asset bank Sygnum reported reaching profitability on Wednesday following a strong first-half performance. Sygnum saw a two-fold increase in crypto spot trading, a 500% rise in crypto derivatives trading and more than a 360% increase in lending volumes in the first half of 2024 compared to the same period…
Introduction Blockchain is emerging like never before and so is the developer ecosystem. Understanding the fundamental concepts of blockchain is a must for everyone related to this field. One such topic that needs the utmost attention to have your foundation strong is Distributed Ledger Technology and the consensus mechanism. In…
Financial technology consultancy Broadridge says it handles $50 billion a day of repurchase agreements involving big banks on its permission-only DLR platform. Europe-focused securities finance private blockchain firm HQLAx says its platform can save banks as much as 100 million euros ($107 million) a year. The multitrillion-dollar repo market is…
The Bank for International Settlements (BIS) said its recent survey of central banks revealed that 94% of them globally are now engaged in exploring central bank digital currencies (CBDCs) — reflecting a sharp increase in experiments and pilots, especially with wholesale CBDCs. The findings — detailed in a report titled…