41 firms join BIS Project Agora to advance unified ledger applications

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Announcements, News

The Bank for International Settlements’ (BIS’) Project Agora has progressed to the design stage with the onboarding of 41 private financial firms, reports Cointelegraph. The project, launched in April by the BIS and seven central banks, is looking at how tokenized commercial bank deposits can be integrated with tokenized wholesale central bank digital currencies (CBDCs) […]

AI faces ‘Immense’ risks without blockchain, says 0G Labs CEO

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Announcements, News

In an interview with Cointelegraph at Token2049, Michael Heinrich, the CEO of 0G Labs, explained that artificial intelligence poses significant risks if it isn’t integrated with blockchain technology, reports Cointelegraph. Heinrich highlighted the dangers of centralized AI system reliance and advocated for decentralized governance to prevent potential misuse of AI systems in critical areas of […]

Humans.ai acquires Starfish Technologies to drive blockchain innovation

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Announcements, NFT

European artificial intelligence and blockchain technology provider, Humans.ai has acquired Starfish Technologies, inventor of TensorChain and part of Home of Prodigy, in a cash and shares deal, reports Blockchain Technology News. This acquisition marks a significant step forward in the development of TensorChain, a ground-breaking innovation designed to revolutionise the way blockchain handles artificial intelligence […]

Majority of Web3 pros confident in the future of crypto, says report

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Announcements, News

Most Web3 professionals are optimistic about the industry’s future despite the regulatory uncertainty ahead of the 2024 US presidential election, reports Cointelepgraph. Over 86% of professionals remain optimistic about the future of the Web3 industry, according to the latest Consensys report. This widespread optimism is primarily attributed to the potential of professionals making a “true […]

Accenture invests in Emtech to strengthen CBDC, fintech solutions

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Announcements, News

Information and financial technology services company Accenture has invested in fintech startup Emtech, which provides software-as-a-service to central banks and fintech companies, reports Cointelepgraph. Accenture plans to integrate Emtech products into its core banking services. Emtech was founded in 2019 by former IBM Blockchain executive Carmelle Cadet. It counts seven central banks — those of […]

Blockchain tech breakthroughs and their industry impact

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Announcements, News

Recent advancements in blockchain technology are making significant strides, not just within the realm of cryptocurrency but also across various other industries, writes Blockchain.news. These developments were highlighted in the podcast by a16z crypto, a venture capital fund known for its investments in crypto and web3 startups since 2013. The episode features insights from Dan […]

Minister of State Richmond publishes Ireland for Finance Progress Report 2023

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Announcements, News

The Minister of State at the Department of Finance, Neale Richmond, has published Ireland for Finance Progress Report for 2023. Highlights from the report are: 57,600 people estimated employed in international financial services sector Approximately one in four jobs based outside of Dublin Minister Richmond said: “Ireland’s international financial services sector continues to go from strength […]

Warden announces the Artificial Intelligence Blockchain Interface

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Announcements, News

Warden, the sovereign AI execution network, has announced alpha release of its new artificial intelligence product, the Artificial Intelligence Blockchain Interface (AIBI), reports The Blockchain. According to the maker, AIBI brings AI on-chain with an intuitive interface for developers to integrate AI into their applications. Inspired by proof-of-computation and computational pipelines, AIBI allows inference endpoints […]

Gavin Wood hopes for free crypto transactions and Web3 tech worldwide

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In an exclusive interview with Cointelegraph, Gavin Wood has said his biggest hope is making Web3 technology and cryptocurrency a socially beneficial public good. For Web3 to fulfill its true purpose, cryptocurrency transactions should become free of transaction fees, according to Gavin Wood, co-founder of Ethereum, Polkadot and Kusama. Speaking to Cointelegraph at the Web3 […]

Tether plans to launch a UAE dirham-pegged stablecoin

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Announcements, News

Tether plans to launch a new stablecoin pegged to the United Arab Emirates dirham in collaboration with Phoenix Group and Green Acorn Investments, reports The Block. According to a press release, the token will “lead the way in seeking licensing under the UAE Central Bank’s recently announced Payment Token Services Regulation.” According to Tether, the […]

State Street expands crypto services in new partnership

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Announcements, News

State Street is partnering with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments, the US financial services provider told Reuters. As cryptocurrencies have spread in the financial system through regulated products including futures and exchange-traded funds, they are […]