• Market Cap: $266b

  • Oct 16, 2021

The blockchain is a decentralized system with a distributed open ledger that is publicly accessible, and its copy is stored on millions of computer systems. Blockchain became popular with the inception of cryptocurrencies like Bitcoin. However, it is important to note that blockchain's utility is not limited to cryptocurrency. Discover such systems in this news section.

Independent Auditing Firm Confirms Tether's USDT Reserves Are Fully Backed

The latest independent audit proves that reserves fully back tether’s USDT as the consolidated assets are more than consolidated liabilities.

Linux Foundation Unveils A Blockchain-Based Platform For American Association of Insurance Services (AAIS)

In partnership with the American Association of Insurance Services (AAIS), Linux Foundation has launched a blockchain-based platform to improve service delivery in the insurance sector.

French Outfit Lugh Rolls The First Euro-Backed Stablecoin Using Tezos Blockchain

On Thursday, Lugh Company announced the release of a euro-pegged stablecoin. The firm claims that this is the first French digital asset backed by the Euro.

Chinese Digital Yuan Rolled Out In Another Test Pilot in Chengdu; $8 Million in DCEP

Chengdu is one of the two cities in China that will distribute digital yuan to its citizens, as the country continues to run series of tests for its central bank digital yuan.

Bitcoin-Friendly Gary Gensler Set to Become SEC Chairman Under Biden Administration

Former Chairman of the CFTC, Gary Gensler, set to head the U.S Securities and Exchanges Commission (SEC0, Reuters reports. Gensler is a well-known cryptocurrency and blockchain technology activist, having taught a course on “block...

Italian Banking Association Rolls Out Digital Euro Pilot; Testing For Technical Feasibility

The Italian Banking Association (ABI) will conduct digital euro tests to evaluate the technical feasibility of a blockchain-based digital currency.

U.S OCC Gives Green Light for Banks to Use Stablecoins & Public Blockchains for Settlements

The U.S Office of the Comptroller of Currency (OCC) has issued an interpretive letter that allows banks to leverage stablecoins and independent node verification networks (INVNs) in their operations.

Chinese Blockchain Infrastructure Provider, BSN, Integrates Polkadot To Its Service

Chinese Blockchain provider offering Blockchain-based services (BSN) integrates Polkadot, a cross-chain protocol, into its network.

Crypto Browser Brave Reaches Milestone Of 20 Million Monthly Users

The Brave crypto browser has received widespread acceptance and downloads in the web browser industry, as the platform has hit 20 million users per month.

The New York Department of Financial Services (NYDFS) Invites Digital Asset Firms to a 'TechSprint' to Digitize Reporting Process

The New York Department of Financial Services (NYDFS) has invited several digital asset firms for a 'TechSprint' aimed at digitizing the process of submitting regulatory reports by these digital asset firms.