Goldman Sachs, BNY Mellon take part in Canton Network pilot

Goldman Sachs and BNY Mellon were among the participants in a pilot for Digital Asset’s Canton Network, which has been deemed a success in regard to tokenised assets and enterprise blockchain.

A total of 155 participants, across 45 major organisations, demonstrated settlement across 22 permissioned blockchains connected on the Canton Network, while maintaining the controls required for regulated capital markets, as Digital Asset noted.

Participants ranged from asset...

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...

Blockchain Expo: Modernising banking with blockchain and DLTs

Sabih Behzad, Head of Digital Assets and Currencies Transformation at Deutsche Bank, shared his views on blockchain and DLT innovation during a session at this year’s Blockchain Expo Global.

Behzad shed light on the complexities that traditional banks face, particularly in terms of moving money globally. He highlighted the limitations of current infrastructure, operating on a non-stop, 24/7 basis due to overlapping business hours across different regions.

Additionally,...

Circle’s new services help Web2 developers shift to Web3

Circle has updated its suite of services designed to empower developers with the tools necessary to seamlessly transition from Web2 to Web3.

The most recent updates, Gas Station and Smart Contract Platform, aim to tackle some of the major obstacles hindering mainstream adoption of blockchain technology.

Gas Station: Improving gas fee management

Managing gas fees has long been a daunting task for developers and users alike. Circle's Gas Station aims to eliminate this...

Solana Foundation joins Dubai’s Crypto Centre

The Solana Foundation has joined the DMCC (Dubai Multi Commodities Centre) – a world-leading free zone and Dubai’s authority on commodities trade and enterprise – as an ecosystem partner at its Crypto Centre.

This strategic partnership is set to enhance DMCC’s existing offerings and collaborations by empowering its members to develop innovative concepts and scale their businesses using Solana, one of the industry's top blockchain platforms.

The collaboration...

Blockchain Expo Europe: PepsiCo on how Web3 modernises enterprises

In a session at Blockchain Expo Europe, Max Ndaboka, Global Enterprise Data Management Transformation Manager at PepsiCo, delved into the world of Web3 and how it's modernising enterprises.

Speaking to a packed audience, Ndaboka shed light on the shift from Web2 to Web3 and highlighted the transformative potential it holds for businesses.

“Web2 is what we are all familiar with: the applications that we had in the past, running over the internet. Web3 is just referring...

Renee Francis, Take3: The transformative potential of Web3

The Block caught up with Renee Francis, Founder and Director of Take3, to discuss the transformative potential of Web3.

With a background in marketing and extensive experience with platforms such as Facebook, LinkedIn, and Google, Francis offers a unique perspective on the issues that Web3 aims to address.

In this interview, she shares insights into the benefits of Web3, the challenges it faces, and her excitement for various projects in the space.

Data...

US Congressman: Blockchain is ‘the authenticator’ in the AI era

In an address at the Permissionless II conference, US Congressman Tom Emmer urged the blockchain industry to shift its focus towards innovation—asserting that the technology is key to authenticating content in the AI era.

Emmer's remarks come in the wake of recent legal victories for Ripple and Grayscale, with the prospect of an upcoming Supreme Court ruling that could reshape the regulatory landscape.

During a panel discussion, Congressman Emmer began by acknowledging...

Coinbase’s CEO shares his top 10 most exciting Web3 ideas

Coinbase co-founder and CEO Brian Armstrong is basking in the glow of a successful week as the value of his company's stocks soared, riding on the rising hopes for a Bitcoin spot Exchange-Traded Fund (ETF).

Armstrong kept the good vibes going by sharing the 10 ideas he’s “most excited about” in the Web3 space.

"We're actively developing numerous projects at Coinbase, but considering the vast landscape, it's not possible to tackle everything. Therefore, I thought...