The International Monetary Fund (IMF) dropped yet another strong hint that it won’t bail El Salvador out of coming debt payments that could lead to a default while bitcoin remains a legal tender in the Central American country. The administration of President Nayib Bukele’s legal...
Blockchain technology builder StarkWare Industries raised $100 million in a Series D funding round that upped the startup’s valuation to $8 billion. The Series D was led by Greenoaks Capital and Coatue, with participation by Tiger Global and other new and existing investors. The latest funding...
If there’s one blockchain project that truly shows what the technology is capable of, it’s TradeLens, which has connected nearly every part of the global shipping industry. Created in 2018 by container shipping giant Maersk and IBM Blockchain, it had big dreams and big obstacles....
A lot of people lately have been asking questions about just how decentralized DeFi actually is. Most notably, regulators and central bankers see decentralized finance (DeFi) projects raking in billions while claiming to have no executives, no board, and no central authority whatsoever. Instead, they...
JPMorgan has been using blockchain to carry out collateral settlements, Bloomberg News reported Thursday (May 26). The Wall Street heavyweight’s first such transaction happened last week when a pair of its entities transferred the token representation of BlackRock Inc. money market fund shares as collateral...
Welcome to the first article in PYMNTS’ Blockchain in Action Series. Most people at least know that blockchain is the technology that bitcoin and other cryptocurrencies are built on, but a digital ledger that timestamps and orders transactions in an easily trackable and immutable way...
A founder of the troubled Terra ecosystem has gotten a proposal approved to salvage the project in the wake of the collapse of the UST stablecoin weeks ago, Bloomberg reported Wednesday (May 26). Do Kwon, the founder, has proposed a new structure in which the...
So, what is bitcoin? By this time, most people know at least a little about bitcoin, the first cryptocurrency, and that there is also Bitcoin the blockchain. And while we’ll get into the basics about both of those, there’s a lot more to Bitcoin’s story...
Sunday was Bitcoin Pizza Day, the annual crypto industry holiday celebrating the first known use of bitcoin as a payments currency. And while it’s usually celebrated largely trying to find a pizzeria that will take crypto payments and reminding the buyer just how rich he’d...
