Author: Leah Alger

JPMorgan — a luminary in the international banking sector — has recently completed a revolutionary blockchain collateral settlement between two other financial titans: BlackRock and Barclays. Leveraging JPMorgan’s custom Ethereum-based blockchain ‘Onyx’ and its ‘Tokenized Collateral Network’ (TCN), BlackRock turned shares from one of its money market funds into digital tokens. Notably, BlackRock then passed these virtual assets to Barclays Plc, where they were utilized as collateral in an over-the-counter derivatives trade. Exploring Onyx and TCN Formed in 2020, Onyx is the JPMorgan blockchain that changes how finances and information move in banking, leveraging Web3 technology to speed up transfer processes…

Starting tomorrow, OKX swings into yet another Web3 and sports initiative. This time around, it’s an immersive competition dubbed ‘OKX Crypto Cricket Cup’, running for one whole month until November 5. In light of the International Cricket Council (ICC) World Cup hosted in India, the prominent crypto exchange invites all cricket lovers to explore Web3 by snagging limited-edition cricket-themed NFTs and competing for a portion of a prize pool exceeding a hefty $200,000. “The realm of cricket is ripe for a Web3 metamorphosis. Immense entertainment utility poised to be unleashed through GameFi and Web3 is on the horizon. We are enthusiastic about forging…

The pioneering force in the Web3 landscape, Void 2122, seamlessly gears up blockchain technology to spearhead tactical card battles. Starting October 31, NFTs will take these gaming adventures to the next level! As Void 2122 embarks on its second year, the turn based strategy card game marks a trail toward an enticing endeavor: ‘Void Connect’. Players can command their troops and partake in thrilling battles for loot and ranking. Driven by a team of passionate Web3 enthusiasts inspired by The Gathering and Pokémon, Void’s adventures go beyond financial gains. The aim is to craft an ardent user base built on…

Sam Bankman-Fried, the founder of the ceased cryptocurrency exchange FTX, is already known to be more than familiar with bold moves. However, a biography launching today, written by Michael Lewis, demonstrates further. The book ‘Going Infinite: The Rise and Fall of a New Tycoon’ — which The Times of London had an early sneak peek into — highlights an impactful meeting in 2021 between Bankman-Fried and the Prime Minister of the Bahamas, Philip Davis. FTX’s relocation moves the same year from Hong Kong to the Bahamas set the stage for this alliance. Bahamas became an appealing choice for Bankman-Fried, given…

Tiffany Stewart — Founder, CEO of Umoja The NFT realm is well-versed with innovative projects, but only some utilize Web3 technology with meaningful outreach. Meaning ‘unity’, Umoja NFTs support the aspirations of orphans in Uganda with the proceeds made from its digital art visuals.We were lucky enough to speak to the brain behind this project, Tiffany Stewart, who spoke out about the vision, mission, and measures that creatively assist those in need. So, join us as we delve into Umoja’s matchless union of artistry and humanity. First and foremost, please tell us about Umoja NFTs: Umoja, meaning ‘unity’, was born at…

Moonbeam’s native token, GLMR, spiked by nearly 50% in the last 24 hours following the South Korean crypto exchange, Upbit, adding the crypto coin to its exchange. The TL;DR: GLMR witnessed almost a 50% price jump following new Upbit listing. Consequently, GLMR has hit a peak of $0.2456 from $0.2 in 24 hours. Upbit also teases launching the trading pair GLMR/BTC later today. GLMR’s Upbit Listing Fuels Excitement Moonbeam functions on the Polkadot (DOT) blockchain network with a clear mission since day dot — to supply a seamless smart contract platform. Within its ecosystem, GLMR serves a variety of duties,…

Tech titan Apple was reportedly in discussions with the American multinational investment bank Goldman Sachs to develop an in-built crypto and stock trading feature in iPhones. The TD;LR: Apple began developing a new iPhone tool for buying and selling crypto and stocks. Goldman Sachs was assisting Apple to create the feature during Covid in 2022. The development process was halted due to ongoing stormy market conditions. The iPhone Trading Feature on the Brink The main idea of the trade facilitator was to mirror Robinhood’s cost-free trading system, which enables users to purchase and sell cryptocurrencies, stocks, and other financial instruments.…

In the ever-adapting crypto market, PayPal stepped up its game today, giving Venmo users the green light to purchase and transfer its stablecoin, ‘PYUSD’. Additionally, Venmo users can procure PYUSD and send it to PayPal recipients alongside external wallets available. The TL;DR: Venmo now supports PayPal’s stablecoin, PYUSD, as its fifth cryptocurrency. PYUSD transfers between PayPal and Venmo are “fast and free”. The stablecoin — launched just last month — already has a market cap of $44M. PayPal’s Stablecoin Growth via Venmo Venmo’s new inclusion expands its application’s cryptocurrency offerings to five, alongside Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. PYUSD, however, is the first…

Challenging ChatGPT, Google is reportedly launching a new artificial intelligence (AI) tool dubbed ‘Gemini‘, with a handful of developers having an early look in. The TD;LR: Google’s Gemini challenges ChatGPT with similar language model capabilities. The development costs of Gemini anticipates to reach $100M, like ChatGPT-4. Gemini is projected to become available on Google’s Cloud Vertex AI platform. Google’s Upcoming AI Offering Taking inspiration from OpenAI, Gemini is said to mirror ChatGPT-4’s capabilities, including large language models (LLMs) designed to function as chatbots, producing text responses from prompts and aiding code creation. The development costs of Gemini currently remain undisclosed.…

An official trailer for the Web3 television series ‘Killer Whales’ — produced by CoinMarketCap and HELLO Labs — has officially dropped! Viewers can excitingly await the show’s blockchain-centric battle-offs at this year’s end. Quick Takes: CoinMarketCap and HELLO Labs’ TV series Killer Whales is preparing to launch. Global NFT and crypto entrepreneurs will pitch their blockchain-based inventions. The series boasts a stellar cast: Yuga Labs, CoinDesk, AltCoin Daily, SkyBridge, etc. Viewers can expect fierce competition, Web3 education, and pure entertainment. https://www.youtube.com/watch?v=-6U3g-RFBOc&embeds_referring_euri=https%3A%2F%2Fcoinmarketcap.com%2F&source_ve_path=Mjg2NjY&feature=emb_logo Diving into the Killer Whales Saga Soon to launch on HELLO Labs’ platform HELLO TV and streaming sites across 55 countries, Killer Whale’s…