Ethereum’s big proof-of-stake blockchain switch could happen on September 15th

The Ethereum network has been on a years-long path to switch its energy-hungry proof-of-work blockchain to a more efficient proof-of-stake system, and now its developers are suggesting a date to make the switch. It’s not final yet, but on a call streamed via the Ethereum Foundation’s YouTube page, they decided to submit this pull request…

Blockchain Project Of The Week – EOS

EOS is a blockchain protocol based on the cryptocurrency EOS. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. Its a platform that’s designed to allow developers to build decentralized apps (otherwise known as DApps for short.) The project’s goal is relatively simple: to make it as…

Blockchain Project Of The Week – Cardano (ADA)

Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change. According to its founders, its the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies…

Blockchain Forensics Startup Chainalysis Raises $100 Million At $2 Billion Valuation

New York-based Chainalysis, a startup that allows companies and government agencies to analyse and investigate blockchain transactions, said on Friday it had raised $100 million from investors at a valuation of more than $2 billion. The round was led by investment firm Paradigm, with participation from existing backers Addition, Ribbit and TIME Ventures, Chainalysis said….

Norway’s $6 Billion Company Aker Establishes Bitcoin Unit Seetee

Aker ASA, an Oslo-based $6 billion public company, announced today that it has established a dedicated unit to invest in Bitcoin. The newly established entity, Seetee will actively partner with other companies working in the Bitcoin ecosystem. According to the official press release, Seetee is initially capitalized with NOK 500 million ($58 million). Aker ASA…

2020 – A Recap

A decade on, i continue my yearly ritual 1.Till the beginning of October, the year 2020 went pretty well for me inspite of the pandemic and the innumerable hardships faced by everyone around us. And then on October 6th , disaster struck as my brother passed away and it was the most terrible feeling i…

Israel’s Bank Hapoalim First to Sign Up TCS’ Quartz Blockchain Based Digital Bank Guarantee Platform

Tata Consultancy Services, a leading global IT services, consulting, and business solutions organization, has launched a new transformative Digital Bank Guarantee platform, powered by the Quartz® Blockchain solution, as part of the Banking Service Bureau (BSB), operated by TCS for the digital banking industry in Israel. Bank Hapoalim, Israel’s largest bank that currently manages more…

Carbon Trading, Now On Blockchain

Cryptocurrency meets carbon trading. That’s the pitch from Nori, a new Seattle-based startup, that just raised $4 million in funding from cryptocurrency focused investors including Placeholder, North Island Ventures, Tenacious Ventures, and a big, privately held agriculture multinational that the company declined to disclose. Founded by Paul Gambill, a former Deloitte Technology employee who left…

The Pandemic Is Prompting Asian Countries to Adopt Blockchain

The Corona pandemic prompted many Asian countries to adopt blockchain technology to secure their data via the Internet against hackers and cyber thieves, according to a report from the Nikkei Asian Review. This increase in adoption comes as The Business Research Company said the global blockchain market is expected to hit $15.88 billion in 2023….

Indian Crypto Exchange WazirX to Enter DeFi Amid Uncertain Regulations

One of the leading cryptocurrency exchanges in India, WazirX, today said they are gearing up to develop and launch their first decentralized finance product in partnership with the Matic network. In an announcement shared with Cointelegraph, the company said they will launch an automated market maker (AMM) protocol. Nischal Shetty, the CEO of WazirX, shared…

Coca-Cola Embraces DLT and Ethereum for Supply Chain Efficiency

The partner of Coca-Cola’s largest U.S.-based bottling company is expanding its use of blockchain to enhance efficiency across the beverage company’s supply chain. Coke One North America, or CONA, a partner of the largest United States-based Coca-Cola bottling company, will use The Baseline Protocol to enhance transparency and reduce friction in “cross-organization supply chain transactions.”…

Cambodia To Introduce A Blockchain Based Digital Currency

After three years of development, the National Bank of Cambodia has revealed the technical details of its upcoming blockchain-based payments system dubbed ‘Project Bakong’ this month. Cambodia’s central bank began developing Project Bakong since 2017, and is seen as a high-tech relaunch of the Khmer Riel, which is the kingdom of Cambodia’s official currency but is significantly lesser used by the people in favor of the US dollar, according to the recently published whitepaper.