George Osborne joins Coinbase in advisory role

Former UK chancellor of the exchequer George Osborne has joined US crypto provider Coinbase as part of the firm’s global advisory council.

The advisory council is aimed at informing Coinbase’s global strategy. Recent licenses have been secured in France, Singapore, Spain, and Bermuda, as well as expanding access to Coinbase products across 20 African countries.

Closer to home however, Coinbase is facing scrutiny from US regulators. The Securities and Exchange...

Nebraska and Missouri introduce Blockchain Basics Act – with more states set to follow suit

The legislatures of Nebraska and Missouri have introduced prospective bills which relate to the protection of digital assets rights – and a further 11 states are expected to bring in similar regulations in the coming year.

The Blockchain Basics Act is part of the work of the Satoshi Action Fund, a non-profit organisation whose mission is to ‘educate policymakers and regulators on the benefits of Bitcoin mining.’ The policy provides ‘protection for Bitcoin and digital...

HSBC offers tokenised gold, trials tokenised deposits with Ant blockchain

HSBC

A couple of updates from HSBC have hit the wires: the bank has moved to tokenise ownership of physical gold through blockchain technology, as well as trialling tokenised deposits to enable corporate clients to move money across multiple accounts.

The tokenisation of gold in the bank’s London vault will see a digital twin created of an existing asset. Each token represents 0.001 troy ounce and can be traded on trading platform HSBC Evolve. Mark Williamson, global head of FX and...

Vodafone and Chainlink offer PoC for blockchain trade solution

Vodafone’s digital asset broker (DAB) has demonstrated a proof of concept (PoC) in concert with three other companies which claims to show the potential for blockchain technologies in the global trade ecosystem.

The demonstration, alongside Chainlink Labs, consultants InnoWave, and trading company Sumitomo, focused on the ‘seamless exchange of crucial trade documents across diverse platforms and blockchains’, as Vodafone put it.

The technology underpinning the demo...

Kayak makes blockchain push with new enterprise corporate travel offering

Travel search engine Kayak is dipping its toe into the water for corporate travel for large companies – and is looking to eliminate expense reporting for flights with a solution built on blockchain technology.

The company launched its free Kayak for Business tool in 2020 for small- and medium-sized organisations, with a full launch coming a year later. Yet the enterprise-focused solution – which understandably carries a much bigger prize – has come about through a...

Celo touts Google Cloud win, confirms move to Ethereum layer-2 solution

Google bans cryptocurrency

The Celo Foundation, provider of a carbon-negative, Ethereum virtual machine-compatible (EVM) blockchain ecosystem, has announced that Google Cloud is running a validator on its network.

A validator participates in the running of the blockchain and helps maintain its security by staking their own crypto to support the network, and validating new transactions. Google Cloud joins contributors such as Deutsche Telekom – T-Systems is ranked as one of the top 10 validator groups –...

Researchers bet on blockchain to help protect cultural artifacts

A new project has launched which aims to use blockchain technologies and NFTs to help verify the provenance of cultural artifacts.

The project, called Salsal – or AGUR – is the brainchild of Adel Khalifi, professor of computer science at the University of Abu Dhabi, and Mark Altaweel, professor at the UCL institute of archaeology.

Salsal is aimed at cultural heritage collectors, such as museums. They, the ‘collector’, uploads a collection and submits it for...

Deloitte and Chainalysis team up to bolster digital asset compliance for clients

Deloitte and blockchain data platform Chainalysis are collaborating to help mutual clients address compliance challenges within their digital asset ecosystems.

The two companies have announced a strategic alliance to meet market demand for risk management technology solutions and services. The partnership will combine Deloitte’s services, which help organisations manage forensic, investigative and compliance programs, with the Chainalysis platform and proprietary blockchain...

Sabre56 signs deal with Bootstrap Energy to become ‘one of world’s largest blockchain operators’

Sabre56, a digital asset management consultant offering specialist design of blockchain data centres, has announced a five-year agreement with Bootstrap Energy in what the company describes as the ‘biggest single operations contract’ in the crypto mining industry to date.

The agreement with Bootstrap Energy is to provide miner operations at the 300MW Saxet Energy Park in Texas, which has the capacity to host approximately 100,000 ASICs (application-specific integrated...

Ripple acquires custody infrastructure provider Metaco for $250m 

Ripple has announced the acquisition of Metaco, a Switzerland-based provider of digital asset custody and tokenisation technology, for $250 million (£201.1m).

The acquisition is aimed at expanding Ripple’s enterprise offerings, with Metaco promising enterprise-ready packages for financial service providers and corporates across multiple digital asset use cases around custody infrastructure.

The company’s primary product is Harmonize, cited by Ripple as the...