Tag: Blockchain

NYC Mayor Signs EO Establishing Digital Assets and Blockchain Office

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New York City Mayor Eric Adams announced the establishment of a municipal digital assets and blockchain office in a bid to cement his crypto agenda in the final months of his term. In a Tuesday notice from the mayor’s office, Adams said he had used an executive order under his authority to create the Office of Digital Assets and Blockchain Technology. Moises Rendon, who has worked as a digital assets and blockchain policy adviser for New York City since April 2024, will head the newly established office. “Our city has…

How SWIFT Is Quietly Building a Blockchain Rival to Ripple

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Key takeaways SWIFT powers most of the world’s bank transfers through its messaging network, while Ripple uses XRP to make cross-border payments faster and cheaper. Beyond payments, XRP is also used for remittances and is being explored for tokenized loyalty and DeFi applications, with institutions like SBI Holdings testing integrations. SWIFT is developing a blockchain-based ledger for real-time payments, interoperable with major networks and supporting tokenized assets. SWIFT still faces challenges like outdated systems, regulatory hurdles, institutional inertia and competition from Ripple’s expanding network. Cross-border payments move trillions of dollars…

Afghanistan Internet Outage Marks Need For Decentralized Web In Blockchain

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Afghanistan’s recent nationwide internet outage underscored a critical weakness in the world’s leading decentralized blockchains: their dependence on centralized internet providers that remain vulnerable to government intervention and technical failures. The country suffered a near-total internet shutdown that lasted about 48 hours before connectivity was restored on Oct. 1, Reuters reported. The disruption was reportedly ordered by the Taliban administration, though officials later blamed “technical issues” involving fiber optic cables. While blockchains aim to provide people with a public, censorship-resistant network for value transfers, their reliance on centralized internet providers…

Sorare moves to Solana blockchain

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Key Takeaways Sorare, a fantasy sports platform, is migrating its ecosystem to the Solana blockchain. The move aims to enhance transaction speed, composability, and interoperability for Sorare’s users. Share this article Sorare, a fantasy sports platform, today announced its migration to the Solana blockchain to enhance transaction speed and composability across its gaming ecosystem. The move positions Sorare among several projects that have recently migrated to Solana for its low-latency infrastructure and DeFi integration capabilities. Sorare said the transition will help reach more users, improve performance, and enable new partnerships…

BNY Mellon considers tokenized deposits and blockchain payments

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Key Takeaways BNY Mellon is exploring tokenized deposits and blockchain payments to advance its digital asset strategy. The bank is increasing its involvement in crypto infrastructure, reflecting a wider trend in traditional finance toward blockchain adoption. Share this article BNY Mellon, a major US custodian bank, is exploring tokenized deposits and blockchain-based payments as part of its digital asset strategy. The bank is deepening its involvement in crypto infrastructure by considering tokenized deposits, aligning with broader traditional finance shifts toward blockchain technology. BNY Mellon has partnered with Ripple to provide…

DoubleZero Launches Mainnet Alternative to Public Internet for Blockchain

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The DoubleZero protocol, a high-speed network of fiber-optic connections dedicated to serving high-throughput blockchain traffic, launched its mainnet-beta on Thursday, along with the public debut of the utility token that powers the network. DoubleZero’s decentralized physical infrastructure network (DePIN) now hosts over 70 direct high-speed links between 25 geographic locations to route blockchain traffic directly between source and destination, reducing communication latency and maximizing speed. Direct routing with DoubleZero compared to indirect routing through the public internet. Source: DoubleZero The public internet is a bottleneck for crypto, DoubleZero founder Austin…

Circle plans on-chain refund protocol for Arc blockchain

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Key Takeaways Circle plans to launch an on-chain refund protocol for its Arc blockchain to address fraud and compliance issues in stablecoin transactions. The Refund Protocol will use escrow and arbiter-resolved refunds to let treasury teams and banks manage disputes fully on-chain. Share this article Circle plans to introduce an on-chain refund protocol for its Arc blockchain to address fraud and compliance issues in stablecoin transactions. The Refund Protocol will hold disputed payments in escrow and enable arbiter-resolved refunds, providing a mechanism for treasury teams and banks to manage transaction…

Theta Capital Management targets $200 million for blockchain fund

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Key Takeaways Theta Capital Management launches its fifth blockchain-focused fund, Theta Blockchain Ventures V, aiming to raise $200 million. The fund plans to invest in 10-15 digital asset venture funds, targeting a 25% net IRR. Share this article Theta Capital Management, an Amsterdam-based investment firm, today launched Theta Blockchain Ventures V, targeting $200 million to invest in 10-15 digital asset venture funds with a 25% target net IRR. The fund represents the firm’s fifth blockchain-focused venture, reflecting continued institutional interest in digital assets within Amsterdam’s expanding VC ecosystem. Share this…

Blockchain Analytics Neets AI: Making Crypto Data Accessible

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The blockchain industry has always prided itself on transparency. Every transaction on a public blockchain is permanently recorded, visible to anyone with an internet connection.  Still, with billions of transactions and hundreds of millions of wallet addresses, the sheer scale of that transparency can be paralyzing. Without the right tools, it’s less a crystal-clear ledger and more a haystack hiding countless needles. That is where blockchain analytics comes in.  The latest episode of The Clear Crypto Podcast discusses how blockchain’s radical openness has created both opportunities and challenges, and now,…

Flora Growth Launches $401M Treasury to Back 0G AI Blockchain

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Nasdaq-listed cannabis firm Flora Growth has launched a $401 million treasury initiative to back Zero Gravity (0G), a blockchain project focused on powering decentralized AI infrastructure. The move comes through a private placement deal combining $35 million in cash with $366 million in in-kind digital assets, primarily denominated in 0G tokens. As part of the transaction, Flora will rebrand as ZeroStack while retaining its Nasdaq ticker, FLGC, according to a Friday announcement. Solana (SOL) treasury company DeFi Development Corp. (DFDV) led the deal, alongside Hexstone Capital and Carlsberg SE Asia…