Listen-to-earn lets you earn Bitcoin for listening to a podcast

Podcast

Podcast platform Fountain has partnered with app monetisation company ZEBEDEE to bring Bitcoin micropayments to podcast listeners.

The partnership will give both podcast creators and listeners the ability to earn Bitcoin based on the amount of time spent with content.

ZEBEDEE says that listeners will support creators by paying for content by the minute as they listen to it. Listeners themselves will also earn money for their first hour of daily podcast listening and for...

National Australia Bank to launch 1:1 AUD stablecoin

Australian Flag

National Australia Bank (NAB) plans to launch an Australian dollar-pegged stablecoin on the Ethereum network in mid-2023.

The move would make National Australia Bank the country's second ‘Big 4’ bank to launch such a coin, after rival bank ANZ minted 30 million tokens of its A$DC stablecoin in March 2022.

Much like ANZ’s coin, NAB plans to use its AUDN stablecoin to streamline cross-border payments and support carbon credit trading, according to a report from...

Visa will ‘actively contribute’ to web3 development

Visa refuses to become a dinosaur and will “actively contribute” to developing the web3 and crypto ecosystem.

Aside from maximalists, few experts believe that crypto poses an existential threat to fiat currencies. Legacy payment processors like Visa and Mastercard have increasingly been joining the web2-era disruptors like PayPal and Square in supporting the web3 and crypto ecosystem.

Greater public adoption of “crypto” will likely come through CBDCs (Central...

Italy selects Algorand for national banking guarantees platform

Italy

Italy has chosen Layer-1 blockchain Algorand to support the development of an “innovative digital guarantees” platform for the country’s banking and insurance sectors.

With a launch date pegged for early 2023, this will be the first time a European Union member state has used blockchain technology for banking and insurance guarantees, according to an Algorand announcement.

Bank or insurance guarantees are when an institution that gives out loans promises to cover...

Goldman Sachs ready to buy crypto firms after FTX bankruptcy

Wall Street

In the midst of FTX’s collapse and tanking crypto company valuations, leading financial services firm Goldman Sachs is eyeing up investment opportunities while prices are low.

During an interview with news outlet Reuters, Goldman Sachs executive Mathew McDermott said Wall Street are closely following the fallout from the collapse as calls for regulation in the industry grow stronger.

McDermott said the firm believes investment opportunities are now “priced more...

Russian Sberbank integrates blockchain with MetaMask

Fox - MetaMask / ConsenSys

Russia’s largest bank Sberbank has given its blockchain platform access to the Ethereum blockchain through an integration with software wallet MetaMask.

The bank’s proprietary blockchain platform is now compatible with Ethereum applications and smart contracts, meaning developers can work interchangeably between either network.

Sber Blockchain Lab, the bank’s web3 arm, has also announced a MetaMask integration to further support interoperability between the...

Singapore central bank approves Circle and Paxos stablecoins

Singapore

The Singapore central bank (Monetary Authority of Singapore) has approved licences for two stablecoin issuers, Circle and Paxos, to operate in the city-state.

US-based Circle, the issuer behind USD Coin (USDC), was granted approval for a major payments institution licence, meaning it can issue cryptocurrencies and facilitate domestic or cross-border payments.

Also a US firm, Paxos develops the Pax Dollar (USDP) and has received a licence to offer digital payment token...

New BlackRock ETF invests in 35 blockchain companies

Bitcoin IRA

BlackRock, the world’s largest asset manager, has launched a new exchange-traded fund (ETF) providing European customers with access to investment in the blockchain space.

The new ETF, called the iShares Blockchain Technology UCITS ETF, launched on 27 September and invests in 35 blockchain firms.

BlackRock stated that three quarters of the ETF holdings come from blockchain companies such as exchanges and miners, while the remaining quarter is made up of companies that...

BIS declares cross-national Asian CBDC pilot successful

Transaction

The Bank for International Settlements (BIS) has declared a multinational central bank digital currency (CBDC) pilot a success.

More than £20.5 million was transacted during the month-long testing phase between commercial and central banks in Hong Kong, Thailand, China, and the United Arab Emirates (UAE).

Initially £11 million worth of value was issued amongst participants, which then facilitated 164 foreign exchange transactions and cross-border payments between the...

Zack Gall, EOS Network Foundation: On forking to a new protocol

EOS Network

Zack Gall, VP of communications at EOS Network Foundation, spoke with The Block ahead of EOS's upcoming talks at Blockchain Expo Europe on 20-21 September.

The Block: What is the EOS Network Foundation’s current core focus?Zack Gall: We serve as the hub and shepherd of the EOS Network, coordinating both financial and non-financial forms of support to encourage the growth and development of the EOS Network, through its constituent projects, entities, and creators. It’s a...