After orchestrating a series of hacks on two decentralized cryptocurrency exchanges (DEXs) that stole more than $12 million worth of crypto, former security engineer Shakeeb Ahmed was sentenced today to three years in prison, this is the first-ever smart contract hacking conviction in the US. Ahmed was also ordered to forfeit the stolen crypto and pay […]
Abu Dhabi, known for its economic strength in the oil industry, has entered the realm of blockchain technology with a team that built the Venom Blockchain for Web3 application, which recently launched worldwide. Over 20 Projects Ready To Launch On Venom Blockchain The Layer 0 (L0) Venom blockchain differentiates itself with an infrastructure capable of […]
Ubisoft, a renowned video game developer and publisher, has announced its participation as a node validator in the XPLA ecosystem, demonstrating its intention to explore blockchain technology. According to the March 7 announcement, Ubisoft’s participation in the ecosystem aligns with its focus on innovation through its Strategic Innovation Lab, which aims to anticipate future trends […]
Blockchain technology emerged in the spotlight at the “Two Sessions” event, a prominent annual gathering of China’s political and industry leaders in Beijing. At this event, National People’s Congress (NPC) member Dong Jin proposed expediting this technology’s development nationwide. Blockchain’s Role In China’s Digital Ambition The call to action emphasizes enhancing China’s blockchain infrastructure to […]
Blockchain Adoption: CitiBank Trials Tokenization Of Private Equity Funds On Avalanche | Bitcoinist.com
Categories
avalanche, Avalanche blockchain, Avalanche foundation, Avalanche network, Avalanche news, Avalanche price, avax, AVAX news, AVAX price, AVAXUSD, AVAXUSDT, blockchain, blockchain technology, Citibank, Crypto, Crypto News, cryptocurrencies, Cryptocurrency, DeFi, digital currency, tokenization, tokenized assets
CitiBank, one of the world’s largest banks, has successfully conducted a simulation demonstrating the tokenization of a private equity fund on the Avalanche blockchain network, specifically using Avalanche’s Layer 1 Spruce subnet. Interestingly, this development has the potential to accelerate the adoption of distributed ledger technology in the financial industry, particularly on Wall Street. Blockchain […]
In a recent announcement, stablecoin issuer Tether (USDT) revealed its investment in Oobit, a mobile payment application. The successful conclusion of Oobit’s Series A funding round resulted in $25 million raised, supporting the development of the platform and its mission to facilitate mainstream adoption of cryptocurrencies. Bolstering Crypto Adoption? According to the announcement, Oobit’s mobile payment […]
Chris Dixon, Andreessen Horowitz’s crypto founder and general partner, joined CNBC’s ‘Squawk Box’ to discuss his new book ‘Read Write Own: Building the Next Era of the Internet.’ The crypto evangelist examined some of the ideas in the book, including the role of blockchain technology in the future of the internet and a possible path […]
US Securities and Exchange Commission (SEC) Chair Gary Gensler’s recent approval of Bitcoin ETFs has stirred up controversy as he simultaneously voiced criticism and unfounded claims against Bitcoin and the broader crypto industry. In a CNBC interview, Gensler made statements that raised eyebrows among industry participants. Bitcoin ETFs Approval Fails To Shift Genler’s Stance On […]
In a notable shift, the Epic Games Store has updated its policies to permit the inclusion of blockchain-based games on its platform. This move marks a departure from its previous stance and sets Epic Games apart from other digital distribution platforms. However, the implementation of this new policy has raised concerns surrounding content guidelines and […]
In a series of predictions, Ripple’s Senior Vice Presidents (SVPs) Eric van Miltenburg and Aaron Sears foresee a transformative shift in the financial landscape, with traditional finance institutions embracing cryptocurrencies and regulatory alignment taking place. Financial Institutions Embracing Blockchain Eric van Miltenburg, Ripple’s SVP for Strategic Initiatives, foresees a “new era of finance” emerging as […]
Through 2023, Bitcoin and the crypto industry have faced increasing scrutiny from US Senator Elizabeth Warren, who has expressed concerns about the potential misuse of cryptocurrencies for illicit activities. Now, the senator has highlighted the involvement of former military personnel, civilian government officials, and lawmakers in crypto organizations as a particular area of concern. However, […]
According to a TechCrunch report, Lolli, a popular Bitcoin (BTC) and cashback rewards application has successfully raised $8 million in a Series B funding round. The latest investment, led by BITKRAFT Ventures, will enable Lolli to expand its rewards program to enterprise partners such as exchanges, neobanks, banks, payment companies, and browsers. Lolli’s Bitcoin Rewards App […]