Blockchain

The Bank of America(BofA) has become the most recent Wall Street institution to integrate blockchain solutions into its systems through the Paxos Settlement Service. This move by the second largest bank in America seeks to attain a same-day settlement of stock trades, thanks to the blockchain technology Paxos provides.  According to Kevin McCarthy, BofA's head of financing and clearing, the fast settlement option with Paxos will start once the bank is cleared to operate as a clearing agency. In 2019,…

Thailand's oldest bank Siam Commercial Bank (SCB), has launched a $50 million fund for blockchain, DeFi, and Digital Startups. This development is expected to contribute to the growth of startups in Thailand.  $50 Million Digital Fund Siam Commercial Bank revealed today that venture arm SCB 10X would execute the $50 million funds. SCB 10X will select startups in these sectors and participate in seed and incubate projects.  SCB 10X has experience investing in companies within the cryptocurrency niche. The venture-fund…

Yearn.finance was left troubled on Thursday evening as an unidentified individual stole $2.8 million from a shared digital "vault" on the investment website. The hacker exploited the vault using Aave, a platform that allows users to make flash loans to borrow and lend money without collateral. Yearn.finance has not made any comments on the hack, but this proves that blockchain technology is hackable despite previous beliefs. This incident further shows that, like any other technology, it has its vulnerabilities. How…

Hospitals in the UK are using the Hedera Hashgragh  (HBAR) network to monitor coronavirus vaccines' cold chain. This is a major milestone as wider rollout to National Health Service (NHS) hospitals is planned as vaccine distribution progresses. Blockchain offers effective tracking of Covid-19 Vaccines supply chain Public hospitals in the UK are monitoring the storage of coronavirus vaccines with distributed ledger technology.  The solution was developed by the company Everyware in collaboration with Hedera Hashgraph (HBAR). Covid-19 vaccines must be…

BMW, Ford, and Honda have initiated the next step for its highly anticipated vehicle identification blockchain program. The project launched in 2019 has been in development, and phase 2 is expected to usher in new features. Major automobile blockchain project It should be recalled that the blockchain project is a coalition of three major automobile giants BMW, Ford, and Honda. The Mobility Open Blockchain Initiative (MOBI) project is also considered one that could transform the automobile industry. MOBI is aimed…

Bitcoin (BTC) network has experienced massive growth in the last 12 months, with its distributed database increasing daily. In 2020, the Bitcoin blockchain's total size increased by 25%, suggesting that global adoption is on the rise. 25% increase in 2020 According to data from analytical site ycharts, the size of the Bitcoin blockchain stands at 319.69GB. This represents a 25% increase from its previous mark of 256 GB recorded a year ago. The numbers show the accelerated growth of data…

Swiss crypto-bank SEBA has just raised $22.5 million as part of its Series B funding round. Regulated by the Swiss supervisory authority, SEBA Bank now plans to expand internationally. Major Investment for the Swiss Bank Swiss-based crypto-bank SEBA has just raised $22.5 million additional part of its Series B funding round. According to SEBA bank, the new funding round included new investors from Switzerland, Europe, and Asia. However, the crypto bank did not provide a list of the investors that…

In a recent announcement, Solve. Care has partnered with Chainlink. With this collaboration, the blockchain-based healthcare platform Solve. Care aims to integrate Chainlink's decentralized oracle network on its platform. Thus aiming to expand and leverage the role of smart contracts in the healthcare industry. Benefits of this partnership This partnership will allow Chainlink's decentralized oracle network to source and deliver the off-chain medical data. Thus allowing the execution of smart contract-based healthcare services. The partnership also emphasizes Chainlink's oracle's critical…

Stellar (XLM) has announced that it is set to deploy stablecoin USDC on its blockchain network. This development is part of the Stellar blockchain aim to expand its capabilities as a cross-border payment platform. Stellar Latest blockchain to deploy USDC Stellar becomes the third blockchain to host USDC after Ethereum and Algorand, which joined last June. USDC will be integrated with all Stellar products, including payment solutions and APIs on its blockchain. Speaking on the development, Danielle Dixon, CEO of Stellar…