Figure Technologies Securitizes $150M of Home Equity Loans on Blockchain

Figure Technologies has completed a long-awaited $150 million securitization of a bundle of home equity lines of credit (HELOCs), billed as the first such transaction in which all aspects of the process were managed on a blockchain. In other words, everything from the origination of the loans to the issuance of the bonds to the collection of borrowers’ monthly payments is run on Provenance, Figure’s blockchain, according to the company. This distinguishes the transaction from most enterprise blockchain projects, which have either been demonstrations of the technology rather than live…

China Has Many Strategic Reasons To Invest in Blockchain

Byrne Hobart, a CoinDesk columnist, is an investor, consultant and writer in New York. His newsletter, The Diff (diff.substack.com) covers inflection points in finance and technology.  In October, China’s President Xi Jinping said China should “seize the opportunity” to use the blockchain. To cryptocurrency advocates, this is exciting – and confusing. Why would a deeply centralized country want to use an intrinsically decentralized technology? Why would a country that exercises tight control over its currency want to try a new, un-tested currency system? The paradoxical answer is that Xi Jinping…

Riot Blockchain Plans Sale of Crypto Exchange as It Invests More Millions in Bitcoin Mining

Nasdaq-listed Riot Blockchain plans to sell its cryptocurrency exchange RiotX while doubling down on its bitcoin mining businesses.  In an announcement on Thursday, the company said it is considering opportunities to divest itself of the limited assets associated with the exchange, launched in early 2018, due to the regulatory environment, security risks and competition from peers.  “In order to concentrate its focus on cryptocurrency mining, Riot has opted to sunset further development of Riot’s U.S.-based digital currency exchange,” the company said in a statement.  Riot has hired Chicago-based investment bank…

ChainUP Launches EXUP, An Independent Brand of Blockchain Financial Derivatives

ChainUP has launched EXUP a new financial derivatives technology platform for digital assets to empower the blockchain financial ecosystem. 14th February, 2020, Singapore – On February 11, ChainUP, a leading global blockchain technology service provider, officially launched EXUP, an independent brand of blockchain financial derivatives, creating a new financial derivatives technology platform for digital assets. EXUP is committed to providing customers with secure, stable and efficient blockchain financial derivatives services. Its highly stable and reliable matching engine has been created to [em]power the financial ecosystem on blockchain, through a distributed…

Catalonia Is Moving to Achieve Digital Independence Using Blockchain

The burgeoning autonomous community of Catalonia has been struggling for political freedom from Spain for years. Now, according to Jordi Puigneró, Minister of Digital Policies and Public Administration, the group is also angling for digital independence. “Just as the Internet brought us universal connectivity, blockchain will bring us new universal governance. It will affect the administration [of government], will affect the economy, and it will affect one thing which is very important in our society: trust,” he said. “Trust is what moves economic transactions and it’s what moves the relationship…

Southern Indian State to Launch Dedicated Blockchain Incubator

The Indian state of Telangana is to launch a dedicated blockchain incubator. According to a report in the Times of India on Monday, Rama Devi, a senior official in the IT&C Department of the state government, said the new incubator would soon team with top educational institutions, such as IIIT-Hyderabad and the Indian School of Business in order to support new startups in the working blockchain space. “We have developed 12 use-cases wherein Blockchain technology can be used to solve some of the issues faced by citizens… in the coming…

‘One Network, Many Chains’ – The Case for Blockchain Interoperability

The man who wrote Mastering Bitcoin, Andreas Antonopoulos, is anything but a bitcoin maximalist. At the Blockstack Summit in San Francisco in October, he spoke about a subject that’s already proving to be one of the most-watched topics going into 2020: inter-blockchain communication (IBC). “I find it astounding after all this time that people still try to follow this idea of ‘winner takes all.’ One coin to rule them all. One chain above all else. We’re coming for ya. The flippening,” Antonopoulos said.  The “flippening” is the conviction that ethereum’s…

This Virginia Lawmaker Argues Blockchain Can Boost Local Elections, Economy

A Virginia lawmaker is pushing her state’s government to study how blockchain could shape the future of local elections and commerce.  On Jan. 8, Delegate Hala Ayala (D-51) offered two bills to the House of Delegates: the first calling for Virginia’s Department of Elections to investigate blockchain as a means to secure elections, and the second requesting that the Virginia Economic Development Partnership (VEDP) research blockchain’s current and coming role in the state economy.  Together, they comprise Ayala’s political drive to embrace – or at least consider – integrating distributed…

Hacker Noon Is Storing Content on a Blockchain After Ditching Medium

Hacker Noon is putting its money where its pen is, embedding blockchain features into its new publishing platform.  Annotations on Hacker Noon’s blog-styled content, with some 4 million monthly readers, will now be locally hosted on users’ spare storage space, said Hacker Noon CEO David Smooke in a press release. These annotations and in-line comments will be powered by ERA Inc.’s GUN, a decentralized peer-to-peer (P2P) database system. By utilizing local storage on Hacker Noon reader’s free CPU space, the cost of maintaining the domain drops on GUN specifically, ERA…

Ripple-Backed Crypto Wallet BRD Launches Blockchain Toolbox for Enterprise Apps

Mobile wallet provider BRD is making something of a pivot, launching a suite of tools aimed at allowing blockchain developers to more easily build apps for enterprises. Called Blockset, the new offering – announced Friday – is described as a blockchain data integration platform with a suite of tools that allow coders to create “enterprise-grade” blockchain applications. These bring the ability to automatically pull in on-chain data via an API and, BRD says, conduct transactions in “near real-time” on multiple blockchains. Nodes can be hosted “out of the box,” BRD…