Putin argues for blockchain-based international payments system

Russian President Vladimir Putin has criticised the dependency on large banks and third parties in the global financial payments system, calling instead for an independent settlements system using blockchain. The Russian leader made these attacks during a speaking arrangement at the International AI Journey Conference in Moscow on 24 November During the event, which was organised by Russia’s largest bank and major government lender Sberbank, Putin said: “The technology of digital currencies and blockchains can be used to create a new system of international settlements that will be much more…

Blockchain analytics firm TRM Labs nets £60m in expanded Series B

Blockchain analytics firm TRM Labs has expanded its Series B funding round with a £60 million injection led by Thoma Bravo. The intelligence company uses blockchain data and advanced analytics to detect and tackle financial crime. The expanded round was led by global private equity firm Thoma Bravo, with Goldman Sachs and previous TRM investors Amex Ventures, Citi Ventures, and PayPal Ventures all participating. TRM’s initial Series B kicked off in December last year, raising £51 million in a round led by Tiger Global. The fresh boost of funding will…

South Korea to launch blockchain-based digital ID scheme by 2024

Fin is an experienced editor with a focus on the frontlines of global business news and cutting-edge technological trends. He has published engaging interviews with leading industry figures from the likes of CBS, Rakuten, Spotify, and more. When not tapping away behind a laptop, he can be found researching and exploring the cryptocurrency and NFT markets. You can follow his Twitter @FinStrathern or connect with him at https://www.linkedin.com/in/finstrathern/. The South Korean government is working on a blockchain-based digital ID for its citizens that could launch as soon as 2024. According…

New BlackRock ETF invests in 35 blockchain companies

Fin is an experienced editor with a focus on the frontlines of global business news and cutting-edge technological trends. He has published engaging interviews with leading industry figures from the likes of CBS, Rakuten, Spotify, and more. When not tapping away behind a laptop, he can be found researching and exploring the cryptocurrency and NFT markets. You can follow his Twitter @FinStrathern or connect with him at https://www.linkedin.com/in/finstrathern/. BlackRock, the world’s largest asset manager, has launched a new exchange-traded fund (ETF) providing European customers with access to investment in the…

‘Most of crypto is going to go away’ says JPMorgan blockchain lead

JPMorgan head of blockchain and digital assets, Umar Farooq, has stated that the majority of crypto assets on the market today are “junk” and that it will take time for real crypto use cases to emerge. During a panel at the Monetary Authority of Singapore’s Green Shoots Seminar on 30 August, Farooq also said that regulation in the digital asset space was not keeping up with the industry’s advances. In his view, this is holding bacl many traditional finance institutions from getting more engaged in cryptocurrency and Web3. Farooq went…

Samsung was the most active investor in blockchain this year

Fin is an experienced editor with a focus on the frontlines of global business news and cutting-edge technological trends. He has published engaging interviews with leading industry figures from the likes of CBS, Rakuten, Spotify, and more. When not tapping away behind a laptop, he can be found researching and exploring the cryptocurrency and NFT markets. You can follow his Twitter @FinStrathern or connect with him at https://www.linkedin.com/in/finstrathern/. Market intelligence platform Blockdata has identified Samsung as the most active investor in blockchain over the past year. The Korean tech giant…

Blockchain.com cuts 25% of its workforce as bear market lengthens

Fin is an experienced editor with a focus on the frontlines of global business news and cutting-edge technological trends. He has published engaging interviews with leading industry figures from the likes of CBS, Rakuten, Spotify, and more. When not tapping away behind a laptop, he can be found researching and exploring the cryptocurrency and NFT markets. You can follow his Twitter @FinStrathern or connect with him at https://www.linkedin.com/in/finstrathern/. Cryptocurrency exchange Blockchain.com is cutting 25% of its workforce, equating to about 150 people, the firm has announced. The company cited the…

Vietnam Blockchain Association partners with Binance to drive innovation

The Vietnam Blockchain Association is collaborating with the world’s leading crypto exchange, Binance, on the exchange of research and application of blockchain technology in Vietnam. Newly formed in May, the organisation will also cooperate with Binance on human resource training to promote blockchain and build bridges with other global technology corporations. The news was announced at the Vietnam NFT Summit 2022 on June 4. With seven of the top 200 blockchain companies around the world having Vietnamese founders, the country is a lesser known but emerging hub for web3 developers.…

Medha Parlikar & Niamh O’Connell, CasperLabs: Enterprise adoption in blockchain

CasperLabs is the overseer of the Casper blockchain, a proof-of-stake network optimised for enterprise and developer adoption that launched in early 2021. The Zug-based company provides engineering and professional services to enterprise clients looking to migrate key business processes to a secure and scalable blockchain. Following a recent partnership with Amazon Web Services and expansion into the Chinese market, The Block caught up with CasperLabs’ CTO and co-founder Medha Parlikar along with senior business development manager Niamh O’Connell. The Block: From partnerships with AWS and IBM to being the preferred…

Entre launches on DeSo blockchain as web3 LinkedIn competitor

Entre, which describes itself as decentralised web3 LinkedIn competitor, has launched on the DeSo blockchain. Michael Marra, the app’s founder, describes it as “a web3 professional network designed to help people connect and work in the web3 world”. Whereas on LinkedIn one can post content with the end goal of building opportunities, on Entre users can cultivate opportunities and earn from their content right away. With web3 jobs in high demand from both big brands and start-ups alike, Entre believes it has built an ecosystem where specialised talent can be…