Two U.S. Congressmen have written to the Federal Reserve, on the possibility of tokenizing the dollar. The Congressmen believe that such a move is inevitable.
Vega has announced that it has received $5 million in a seed round. The company hopes to use the funds to facilitate its mission to disrupt the current financial landscape, developing decentralized derivatives protocol.
Coinbase announced the launch of USDC Rewards program, under which eligible US customers will be able to earn 1.25% APY rewards on every USD Coin they hold on the exchange.
IKEA has completed the supply chain transaction which used e-money using smart contracts on the Ethereum blockchain and via the Tradeshift platform. The company views the transaction as pivotal for the sector.
Telegram has conducted the world’s largest initial coin offering back in early 2018, netting a whopping 1.7B from a batch of accredited investors. TON Blockchain is supposed to be launch by Oct. 31. Otherwise, it will have to refund its investors.
The Libra Association mentions four key milestone to be achieved before the mainnet launch. The focus is to get at least 100 partners working as operating nodes on the Libra network.
The Internet of Value (IoV) vision has driven Ripple to establishing initiatives like Xpring, designed to become a global network for developers. Now the company announced the opening of the platform.
One of the biggest blockchain payments provider BitPay, recently announced that they are going to add support for XRP later this year. The support for the third-largest cryptocurrency by market capitalization will most likely happen at the end of the year.
Though ICOs have already lost their positions, STOs, being regulated and more secure, are still here. Marvin Steinberg has shared his vision on the benefits STOs can bring to investors.
Broadridge Financial Solutions plans to offer post-trade services for cryptocurrency after acquiring fintech company Shadow Financial Systems. The company invested in blockchain projects, but the Shadow deal will be its foray into cryptocurrency.
Facebook’s Libra is facing many regulatory challenges that have made institutional backers like MasterCard, Stripe, PayPal, and Visa lead several other potential partners in casting their doubts about the project.
The bankers have explicitly stated that Facebook’s Libra will pose huge threat to the consumer demand for deposit accounts, payment volumes, and business models built on privacy.
Chicago-based rating firm Morningstar moves into the cryptospace by offering blockchain-based solutions for the global debt securities market.
JPMorgan, Intel and TrustToken-led GCO, announced the release of USD Digital (USDD), a new US dollar-backed stablecoin. Based on Ethereum, USDD is targeted at institutions, exchanges, traders, and OTC desks.
We have picked some projects that conducted a successful ICO and still manage to work and develop their products, and we’ll try to find out what keeps them alive, besides money. These three projects are BOLT, NOAH, and Platio.