University of Warwick receives £1.25 million to revolutionise AI and financial research

A collection of Sterling notes.

The University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five years.

Based in the Gillmore Centre for Financial Technology at Warwick Business School, the new Research Group will draw interdisciplinary scholars and thinkers from across the world to redefine and innovate the financial and property technology...

More than 60% of countries were developing central bank digital currency in 2023

Central bank digital currency, or CBDC, became an increasingly trending topic in 2021 after cash payments significantly dropped and cryptocurrencies and stablecoins grabbed news headlines.

While only a handful of countries already launched their CBDCs, many governments are exploring the possibility of using digital forms of central bank money.

According to data presented by AltIndex.com, more than 60% of all countries, or 130 of them, worked on developing their central...

Family-run gin distillery uses blockchain for water clarity

An artisan, family-run gin distillery near Keith, Moray, Roehill Springs, is using blockchain technology – essentially a digital ledger – to be completely clear about the amount, quality, and provenance of the water used in the creation of its award-winning spirits.

Roehill Springs is using the system, developed by CENSIS – Scotland’s innovation centre for sensing, imaging, and Internet of Things (IoT) technologies – and Aberdeen-based app developer TrackGenesis, in what...

Panini offers WWE digital assets on its blockchain platform

The Superstars of WWE are joining Panini Blockchain with the release of Blockchain Donruss Elite WWE. The product introduces the Panini digital card debuts of WWE Superstars, including John Cena, 'Stone Cold' Steve Austin, Roman Reigns, Finn Bálor, Damian Priest, Rhea Ripley and Lyra Valkyria.

The platform is a secure environment to purchase and virtually rip digital packs of Panini’s unique brands. In addition, collectors can participate in exciting collection challenges, to...

Citi develops blockchain FX solution as part of Singapore’s Project Guardian

Investment bank and financial services company, Citi, has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades. 

The application is a part of Project Guardian, a collaborative initiative by the Monetary Authority of Singapore (MAS) and the financial industry. While the current phase of the application tested spot FX for USD/SGD, the underlying solution could be used for any fiat currency pair. The...

Quant granted US patent for chronologically ordering blockchain transactions 

Distributed ledger technology (DLT) service provider, Quant, has secured a new patent from the United States Patent and Trademark Office.

The patent, titled ‘Blockchain Communications and Ordering’, recognises that Quant has invented a unique method for chronologically ordering transactions from different blockchains. 

​Having also secured a patent from the Japanese Patent Office last year, this represents another significant milestone in Quant’s ongoing...

Ginger Joy raises £1 million for Web3 blockchain-based mobile gaming startup

Ginger Joy, the Web3 mobile gaming startup , has announced its most recent round of fundraising of £1 million. This capital will be used to develop mobile-native gaming ecosystems with blockchain-based interoperability.

Ginger Joy is a spin-off company of Matchingham Games, an established UK developer with nearly 500 million installations globally and over 120 staff members.

The new startup has been bolstered by a veteran management team from across the gaming sector,...

Web3 platform OpenChrono seeks to make luxury watch transactions safer 

Web3 platform OpenChrono has launched, introducing a new transaction standard that could protect consumers and reputable dealers from a secondary market for luxury watches beset by scams and scandal. 

Blue chip watch brands commonly inflate demand for their watches by tightly controlling supply. Subsequently, for most buyers, the secondary market – an international network of independent dealers – is their only option to purchase a luxury watch. While it typically adds a...

Immutable launches zkEVM Mainnet to improve gaming

Blockchain gaming specialist Immutable has launched its Immutable zkEVM Mainnet, powered by Polygon.

This advancement in blockchain gaming technology is set to expand capabilities within the gaming industry, unlocking new revenue streams for game studios and providing players with unprecedented control over their digital assets.

The lineup of games committed to be among the first to launch on Immutable zkEVM include: Guild of...

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...