The Algorand Foundation announced on Friday (Oct. 8) it has awarded a grant to FIDO-certified authentication provider LoginID that will allow the company to research “building a technical path towards enabling its suite of APIs and SDKS for the Algorand ecosystem.” This means Algorand developers...
European car financing firm Auto1 FT is shifting all manual processes to smart contracts on the Ethereum blockchain, the first firm in Europe to do so, according to a press release on Thursday (Oct. 7). The move to blockchain encompasses all documents, files and processes relating...
Traditional banking and DeFi are often at loggerheads with many who doubt the ability of decentralized, permissionless platforms to provide the same level of consumer protection as is available on regulated platforms. But regulation and decentralized finance don’t have to be mutually exclusive, Swarm Markets...
Bitcoin’s price jumped almost 10% Wednesday (Oct. 6) to nearly $55,000 per coin after reports surfaced about billionaire George Soros’ investment firm, Soros Fund Management, buying some of the world’s most valuable cryptocurrency, according to a CNN report. “I’m not sure bitcoin is viewed only...
International trade finance, beset by the same “paper chase” that is a hallmark of B2B transactions, could use a digital facelift. After all, in activities that cross borders, time zones and currencies, transparency is lacking, it takes days to settle transactions and there are fees...
Enterprise-grade digital FinTech platform COTI is partnering with payment processing gateway Simplex to offer bank accounts and Visa debit cards on the Cardano blockchain, according to media reports and a company blog post. Having launched its first stablecoin on Cardano, COTI is on a mission...
Corporate investment banking company BNY Mellon, through its participation in the Marco Polo Network, has become part of a group working to introduce blockchain technology into international trade finance, according to a Tuesday (Oct. 5) press release. As part of the collaborative effort, BNY Mellon...
Edward Snowden said he thinks China’s crypto ban has been a boon for bitcoin, Decrypt reported. Snowden said he thinks bitcoin needed to become “private by design,” per the report. In March 2020, he posted that it was the “first time in a while” he’d...
Compound Labs, which accidentally sent users a combined $90 million from its DeFi system because of a glitch, is offering to let users keep 10 percent of the money if they voluntarily return it. And because of the way blockchain works, there’s no way for...
