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,...

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: Unearthing the catalysts for institutional crypto adoption

In a fireside chat at Blockchain Expo Europe, James Morek, Co-Head of Institutional Sales EMEA & APAC at Coinbase, and Nick Philpott, CEO of Zodia Markets, shared their insights on what is needed for institutional crypto adoption.

The conversation delved into critical topics such as regulatory collaboration, the role of decentralised technology, and the impact of blockchain and stablecoins on financial transactions.

Regulatory collaboration and frameworks

The...

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...

House of Lords approve UK crypto bill

UK parliamentarians have taken a significant step towards recognising cryptocurrencies as a regulated activity with the approval of the Financial Services and Markets Bill (FSMB) by the House of Lords.

The move brings the bill closer to becoming law, marking an important development in the country's approach to digital assets.

Anto Paroian, CEO at ARK36, said:

"At ARK36, we feel the news that the UK parliament has just voted through a new bill which could...

a16z’s first global office will be in London due to ‘predictable’ environment

Renowned venture capital firm Andreessen Horowitz (a16z) is opening its first global office in London due to a “predictable” regulatory environment.

The decision to expand comes in the wake of growing regulatory challenges faced by crypto firms in the United States. Chris Dixon, a16z's crypto founder and managing partner, highlighted the importance of a predictable business environment as a key factor behind the...

Mastercard launches Mastercard Crypto Credential to boost trust in blockchain

A Mastercard and Visa card in a wallet.

Mastercard has introduced Mastercard Crypto Credential, a set of common standards and infrastructure that will help verify interactions among consumers and businesses using blockchain networks.

Mastercard Crypto Credential aims to provide a foundation for financial institutions, governments, brands, and crypto players, ensuring that those interested in interacting across web3 environments are meeting defined standards for the types of activities they’d like to...

Ethereum decreased its annual CO2 emissions by over 21M tons

Over 109M more trees would have been needed to offset Ethereum’s CO2 emissions prior to its switch to a more efficient consensus.

Ethereum switched to a Proof-of-Stake (PoS) consensus last year in an event called The Merge. Regardless of personal views on Ethereum and the wider blockchain and web3 space, The Merge was broadly seen as an incredible feat of open-source engineering.

The Merge is the first major step on the road to Ethereum 2.0 which aims to tackle the...

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...

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...