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“# Aussie state government blockchain platform may prevent a tower block inferno ” Big Four accounting firm KPMG has partnered with Australian property developers Mirvac to develop a blockchain-based platform to track the provenance of buildings. The platform was commissioned by the New South Wales state government. Taking inspiration from supply chain initiatives to track…
“# DeFi and NFT crossover project Aavegotchi releases ‘Gotchiverse’ litepaper ” One of the original decentralized finance and nonfungible token (DeFi/NFTs) crossover projects is taking a step forward today with the launch of a metaverse litepaper. Aavegotchi — a project that creates upgradeable NFTs backed by yield-bearing positions on lending platform and money market Aave…
“# Goldman Sachs reportedly started trading on JPMorgan’s repo blockchain ” After six months of eyeing JPMorgan Chase’s custom blockchain service for repo markets, Goldman Sachs has started trading on the platform. Mathew McDermott, global head of digital assets for Goldman Sachs’ global markets division, confirmed the first transaction dated June 17 in an interview,…
“# Bitcoin price clings to $32K as on-chain metrics hint at further downside ” Cryptocurrency investors awoke to another round of price declines on June 22 after the price of Bitcoin (BTC) dropped to a 6-month low at $28,805. The dip below the crucial $30,000 level might appear to be a prime buying opportunity but…
“# Powers On… El Salvador is the unlikely leader for sovereign adoption of Bitcoin as national currency ” Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an…
“# Cointelegraph Consulting: A review of SushiSwap roll-outs ” Launched in August 2020 as a fork of the Uniswap decentralized exchange, SushiSwap briefly surpassed its competitor. Now ranking third behind Uniswap’s v3 and v2, the DEX rolls out numerous integrations with major networks beyond its native Ethereum blockchain to offer users a single entry point…
“# DeFi hub Karura emerges as first Kusama parachain slot auction winner ” Karura network has emerged as the winner of the maiden Kusama parachain slot auction. According to an announcement issued on Tuesday, Karura pulled support from over 15,000 entities who staked Kusama (KSM) tokens in favor of adding the decentralized finance hub as…
“# UN sees blockchain technology as tool to fight climate crisis ” Amid ongoing concerns over Bitcoin’s (BTC) carbon footprint, the United Nations has said out that cryptocurrency’s underlying technology has massive potential for fixing global issues like climate change. The UN will keep exploring the uses of blockchain technology as a way to fight…
“# A16z taps Deutsche Telekom subsidiary as Celo validator ” The United States-based venture capital fund Andreessen Horowitz (a16z) has picked T-Systems MMS validator group, a subsidiary of Deutsche Telekom, to delegate its native Celo (CELO) assets. According to a notice on Deutsche Telekom’s website on Tuesday, T-Systems MMS is running the validator nodes via the…
“# Automated market makers are dead ” Billions of dollars have flowed into decentralized exchange protocols based on the automated market maker (AMM) model, which bootstraps network effects by incentivizing liquidity with project tokens, thereby creating a self-contained ecosystem of traders and yield earners. This mechanism has allowed decentralized exchanges (DEXs) to compete for the…