Quant makes blockchain free to all businesses with new pricing plans

Quant, a specialist in blockchain for finance, has launched new pricing plans and functionality aimed at enterprise IT users and developers tasked by their business lines with implementing blockchain technology as part of their organisation’s wider digital asset strategy.

The Overledger blockchain platform updates are designed to empower enterprise project teams, architects and developers from any sector or size to test, build and deploy on the same interoperable distributed...

Financial sector has experienced rapid growth in cryptojacking

CoinDash - ICO hack

Cybersecurity firm SonicWall has released the 2024 SonicWall Annual Cyber Threat Report, which exposes all types of cyber behaviours and trends from digital adversaries to help partners build data-driven solutions to keep customers safe.

2023 proved to be a year of volatile, adaptive and creative digital threats, as threat actors continue to be relentless in their assault, leaving organizations looking for another layer of defence. 

Organizations are increasingly...

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...

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 launches Make integration for powerful code-free automation with any blockchain

The Space Shuttle Challenger launching from Complex 39.

Blockchain for finance firm Quant has launched an integration with automation software provider Make.

Overledger, Quant’s blockchain-agnostic API platform, is now available to users of Make. This will enable individuals, teams and enterprises to build automated workflows customised for their role and business.

Make‘s automation software enables users to visually create, build and automate workflows - all without the complexities of coding. Make aims to empower teams...

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,...

Gillmore Centre for Financial Technology launches Crypto Dashboard

The Crypto Dashboard, created by the Gillmore Centre for Financial Technology at Warwick Business School, has been launched today to revolutionise monitoring capabilities for various cryptocurrency assets, providing users with enhanced real-time insights and advanced analytics.

The platform, designed by leading academics that is open for everybody, is equipped with features such as market overviews of the overall crypto landscape, a Cryptocurrencies Information Component to list...

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...

Ripple: Most financial institutions plan to use crypto within three years

A report by Ripple suggests that most financial institutions plan to start using crypto within the next three years.

Despite the bear market, financial institutions remain interested in the cryptocurrency space. Just this week, $10 trillion asset manager BlackRock launched a spot Bitcoin trust while saying that it’s also exploring “permissioned blockchains, stablecoins, cryptoassets, and tokenization.”

While BlackRock is exploring the potential financial benefits...

Tether CTO responds to reports of hedge funds shorting USDT

Tether CTO Paolo Ardoino has responded to reports of hedge funds shorting its USDT stablecoin.

A “short” is a bet against the value of an asset. In contrast, a “long” position is a bet that an asset will appreciate in value.

On Monday, the Wall Street Journal reported that various traditional hedge funds had open USDT short positions worth hundreds of millions of dollars.

“There has been a real spike in the interest from traditional hedge funds who...