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A new interpretive letter from the Office of the Comptroller of the Currency paves the way for stablecoins and public blockchains to be fully integrated in the financial infrastructure. This episode is sponsored by Nexo.io.Yesterday, the Office of the Comptroller of the Currency released Interpretive Letter 1174. The letter allows
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Cryptocurrency prices jumped Monday evening after the U.S. Office of the Comptroller of the Currency (OCC) issued a letter approving U.S. banks to use public blockchain networks. Ether jumped nearly 12% on the letter’s release, given Ethereum’s dominance as a stablecoin payment settlement protocol. Bitcoin also gained 5% and both
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2020 has been a big year for blockchain. We saw US$4.3 billion in blockchain spending. Bitcoin rallied steadily, seeing all-time highs. Major institutions, including PayPal, Square, and Visa made high-stakes announcements around crypto. Ethereum 2.0’s Beacon Chain launched earlier this month. But a major industry problem remains: the lack of harmonization
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On a typically brisk winter evening in Saket, South Delhi, Jyoti Singh and a male friend enjoyed a trip to the movies to watch Ang Lee’s Life of Pi. Heading home afterwards they waited at a bus stop, and then boarded a private bus bound for Dwarka at around 9.30pm. But
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The Bitcoin Cash network, a result of a hard fork from Bitcoin, has split into two new blockchains, again. At press time, Bitcoin Cash ABC (BCH ABC) has received no hashpower, meaning that it is possible Bitcoin Cash Node (BCHN) will become the dominant software of the Bitcoin Cash network,
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Axelar, a decentralized protocol designed by the founding members of Algorand to allow cross-blockchain communication, has raised $3.75 million in seed funding.Announced Thursday, the round saw participation from investors including Binance X, the investment arm and accelerator of cryptocurrency exchange Binance, as well as San Fransisco-based venture capital firm DCVC
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Ever since the publication of the Bitcoin white paper 12 years ago, there has been much excitement in business circles about the potential advantages that this revolutionary technology might provide to enterprise. It was immediately clear that many of the design characteristics inherent to blockchain could provide clear business benefits,
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Enterprise Resource Planning (ERP) is simultaneously one of the most transformational technologies for modern business and also one of the most boring. Quite simply, ERP is the glue that holds modern enterprises together, connecting business processes across large enterprises in a standardized way. That said, there is also nothing magical about
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The Securities and Exchange Commission said it accepted a settlement offer by Vortex Blockchain Technologies to have its registration revoked for failing to file any periodic reports with the commission since Dec. 31, 2019.Vortex, which is incorporated in Nevada and headquartered in Des Moines, Iowa, is “a crypto asset holdings
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CryptoX is preparing for the invest: ethereum economy virtual event on Oct. 14 with a special series of newsletters focused on Ethereum's past, present and future. Every day until the event the team behind Blockchain Bites will dive into an aspect of Ethereum that excites or confuses us. Today's intro is written by CryptoX research
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