Cryptocurrency Innovations 123

Canto and Astar Migrate to Ethereum as Layer 2s, Maker to Cut Ties With Ethereum

Canto and Astar, two layer-1 blockchains, have announced plans to migrate to Ethereum as layer-2 zero-knowledge rollups. Canto is a permissionless general-purpose blockchain that is EVM-compatible and aims to onboard the traditional financial sector to decentralized finance applications. Canto will inherit Ethereum’s security, enabling more decentralization and trustless guarantees when bridging assets over. Meanwhile, some […]

Citigroup Launches Private Blockchain for Clients

Citigroup, a financial services and banking giant, has reportedly launched a private blockchain for its clients. The product, called Citi Token Services, is designed to tokenize client deposits and improve cash management and trade-finance capabilities. According to Citigroup’s global head of services, Shahmir Khaliq, the development of Citi Token Services is part of the company’s […]

Citi Introduces Blockchain-Based Cross-Border Payments, Trade Finance Solutions

Citigroup has launched Citi Token Services, a private, permissioned blockchain to provide institutional clients with cross-border payments, liquidity, and automated trade finance solutions. The service has completed two pilots, one with Danish shipping company Maersk and an unnamed canal authority, which enabled instant payments to service providers via smart contracts, reducing transaction processing time from […]

Citigroup Launches Citi Token Services to Bolster Cash Management and Trade Finance

Citigroup has launched the pilot of its Citi Token Services, a new platform that uses blockchain and smart contract technologies to provide digital asset solutions for institutional clients. The services are designed to meet the need for ‘always-on’ programmable financial services and will provide cross-border payments, liquidity, and automated trade finance solutions. Citi has been […]

Swift Facilitates CBDC Interoperability Across Borders

Swift, a global financial messaging network, has announced that three central banks have initiated beta testing for their Central Bank Digital Currency (CBDC) interlinking solution. This development signifies a significant stride towards achieving greater interoperability between traditional fiat currencies and their digital counterparts. Over 30 financial institutions have joined the experimentation fray, further testing the […]

Citi Launches Blockchain Pilot Program for Cross-Border Payments and Trade Finance

Citigroup Inc. has announced the launch of a new pilot program, Citi Token Services, that will allow institutional clients to use blockchain technology and smart contracts for cross-border payments and trade finance transactions. The service will give Citi’s institutional customers access to the bank’s private blockchain network from their existing accounts without needing to create […]

Idris Elba Joins Stellar Development Foundation to Promote Blockchain’s Positive Impact

The Stellar Development Foundation has launched a new campaign titled “Where Blockchain Meets The Real World,” featuring British actor Idris Elba. The campaign includes a three-minute film in which Elba narrates and directs, conveying the potential of blockchain technology to bring equilibrium to an unbalanced world. This rebranding effort is part of a larger effort […]

Layer-2 Solutions Outperform Ethereum: Base and zkSync Era Record Impressive TPS Rates

Ethereum’s layer-2 solutions are outperforming the blockchain they were designed to bolster. Coinbase-incubated layer-2 network Base and Matter Labs’ zero-knowledge (zk) rollup tech-powered scaling solution zkSync Era have both surpassed Ethereum’s Transactions Per Second (TPS) rate of 10.18 on September 17th. Base achieved a TPS of 12.93, a 49.76% increase within just one week, while […]

Toncoin Soars 40%, Bitcoin BSC Raises $2.7 Million

Toncoin (TON) has seen a remarkable 40% price increase in the past week, pushing it into the top 10 cryptocurrencies by market cap. This impressive surge has been driven by the integration of Toncoin into the popular messaging platform Telegram, which boasts over 800 million users. This integration has provided the platform’s massive user base […]

Borroe.Finance ($ROE) Revolutionizes Revenue Financing with AI and NFTs

Bitcoin Cash ($BCH) is experiencing its worst investor panic since mid-August, while Polkadot ($DOT) is also in the red zone, but holders are optimistic about its upcoming upgrade. On the other hand, Borroe.Finance ($ROE) is in the news due to excitement around its novel approach to invoice financing. Some analysts say Borroe.Finance ($ROE) is a […]