Tag: Blockchain

Bolivia’s New President Rodrigo Paz Plans Blockchain Reform

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Bolivian President-elect Rodrigo Paz plans to tackle corruption in his country’s government using blockchain technology. The Associated Press reported Monday that Paz defeated rival Jorge Quiroga 54.5% to 45.5% and is set to take office on Nov. 8. Paz won Sunday’s runoff on a centrist, pro-market message and inherits an economy strained by fuel shortages and a US dollar squeeze, according to the AP. Rodrigo Paz won Bolivia’s run-off presidential election on Sunday. Source: AP For crypto observers, Paz’s government plan includes two concrete proposals related to digital assets and…

AI and Blockchain Will Spark Retail Revolution: Kevin O’Leary

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AI and blockchain will spark the “next revolution in business,” according to multimillionaire Kevin O’Leary, with AI being able to autonomously make retail purchases and using blockchain to take care of payments. In a three-minute video posted to X Saturday, the Shark Tank co-host and venture capitalist said blockchain will support an incoming wave of AI-driven transactions, handling everything from orders at Walmart and Target to burger shops and cafes: “You simply talk to your phone and say, I want a tall, low-fat latte, please. I’m going to be there…

Stripe’s Tempo blockchain raises $500M at $5B valuation

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Stripe’s blockchain project, Tempo, raised $500 million in a Series A round led by Greenoaks and Thrive Capital, valuing the payments-focused network at $5 billion, according to Fortune.  Sequoia Capital, Ribbit Capital and Ron Conway’s SV Angel also joined the round, while Stripe and Paradigm did not contribute additional capital, a person familiar with the deal said. The news comes less than two months after Stripe, a global payments and fintech giant, unveiled plans for its new layer-1 blockchain in partnership with Paradigm, a venture capital firm that invests in…

Privacy 2.0: Encrypted Computing’s Blockchain Revolution

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One of the core tenets of blockchain protocols has been the provision of privacy for users, even if the chains are publicly verifiable and relatively transparent. This is becoming increasingly important as personal privacy rights seem to be eroding, evidenced by the European Union’s recent push for a chat control law that would allow mass scanning of private communications and encrypted messages. The latest episode of The Clear Crypto Podcast delves into the importance of privacy-preserving protocols in conversation with Yannik Schrade, co-founder and CEO of Arcium. Schrade unpacks the…

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…