Blockchain News

British Virgin Islands, November 7th, 2024 — Cytonic, the world’s first multi-virtual-machine blockchain, today announced it has raised $8.3 million in a seed funding round co-led by Lattice and Lemniscap, with participation from IOBC, Nomura, Lyrik, Public Works, Arthur Hayes and other notable investors. Developed by MultiVM Labs, Cytonic is a decentralized execution layer that […]

Swiss bank UBS (UBSG.S), opens new tab said on Thursday it had successfully piloted a blockchain-based payment system it has developed to improve efficiency of cross-border transactions known as UBS Digital Cash. In the pilot, transactions were carried out with multinational clients and banks, including domestic transactions in Switzerland and cross-border payments in U.S. dollars, […]

Finance is full of misconceptions. TradFi isn’t, for example, very centralized. The global banking system is incredibly decentralized, with all different kinds of national and regional authorities and entities tying it together. Another myth is that old technology is costly and causing people to not have access to banking services. This isn’t true either. Often, […]

What can blockchain technology do for financial services in a friendly regulatory environment? With a new president coming in 2025, the ecosystem is about to find out. Donald Trump has promised to the industry that he — the U.S. Securities and Exchange Commission (SEC) under his administration — would be more crypto-friendly. Against a backdrop where traditional financial players […]

Lee Bratcher, president of the Texas Blockchain Council, is a leading advocate for blockchain technology in the United States. Bratcher’s ongoing work with US lawmakers has spawned numerous insights into the current regulatory landscape — including a lack of education as the biggest impediment to acceptance of blockchain technology. In an interview with Cointelegraph, Bratcher […]

Pharos, a developer of a Layer 1 blockchain targeting fintech use cases, has raised $8 million in a seed funding round. Lightspeed Faction and Hack VC co-led the round, with SNZ Capital participating as a strategic anchor investor, Pharos said Friday. Additional investors include Reforge, Dispersion Capital, Hash Global, Generative Ventures, MH Ventures, Zion and […]

Cytonic, the world’s first multi-virtual-machine blockchain, today announced it has raised $8.3 million in a seed funding round co-led by Lattice and Lemniscap, with participation from IOBC, Nomura, Lyrik, Public Works, Arthur Hayes and other notable investors. Developed by MultiVM Labs, Cytonic is a decentralized execution layer that tackles one of the blockchain industry’s most pressing challenges: compatibility. As […]

The meteoric rise of AI in the past year has captured the world’s attention. With hundreds of millions of users flocking to tools like ChatGPT and the deluge of other AI-powered applications, investors and startups have quickly shifted their focus, directing significant investments toward AI projects. This surge of interest hasn’t just been limited to […]

Until recently, blockchain’s potential impact within payments and commerce has been, well, somewhat blocked. But increasingly, financial service giants are turning their attention to unlocking the potential of blockchain platforms as the technology continues to mature and evolve how value moves across the globe. “Blockchain technology, and public blockchains in particular, are opening up a […]

The first iteration of Ethereum’s foundational technical document, the white paper, has turned 11 years old. The first iteration of the document, also called the “proto-white paper” was first shared by Ethereum co-founder Vitalik Buterin in November 2013, in an email titled ‘Introducing Ethereum: a generalized smart contract/DAC platform.’ This marks the first time the Ethereum […]