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The rising NFT tide lifts all tokens: So what is an NFT?

How can businesses absorb disruptive impact and begin to integrate these new business models in existing and new streams of business opportunity? NFTs have taken the world by storm. Rejuvenating the blockchain movement started by Bitcoin, followed by smart contract platform Ethereum, NFTs seem to be a natural progression in the explosion of asset tokenization, […] The post The rising NFT tide lifts all tokens: So what is an NFT? appeared first on Blockchain Pulse: IBM Blockchain Blog.

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Report Claims Ukrainian Officials Hold Over $2.6 Billion in Bitcoin

The latest declarations from Ukrainian public officials revealed a billion-dollar amount of money they allegedly own in bitcoin. An online incentive gathered data from 791,872 state employees and 652 respondents disclosed their crypto holdings. The Biggest Crypto Holder in the Report Has 18,000 BTC According to the Opendatabot site, officials currently hold a total of 46,351 BTC, which is worth over 75 billion hryvnias ($2.66 billion) as of press time. The declaration’s campaign ended on March 31, 2021. But bitcoin is not the only cryptocurrency found among the collective filings of Ukraine state employees. Per the report, ethereum (ETH), litecoin…

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Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See ‘Rough Waters’

Digital currency markets have increased significantly in value during the last 24 hours as the market capitalization of all 5,700+ coins is up over 2.4% on Friday. Bitcoin has been inching toward the $12k region again and ethereum touched a high over $442 a coin during the afternoon trading sessions. Crypto Market Cap Crosses $365 Billion The market valuation of all the crypto assets in existence is around $365 billion on Friday afternoon as a number of coins have seen decent percentage gains. Bitcoin (BTC) is trading just above the 11,800 zone and is up 2.7% today. BTC is also…

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Panxora Backs Clintex To Raise $7 Million USD And Provide Faster Access To Medicines

by Richard Kastelein Digital asset treasury management service Panxora says it will support ClinTex, a pharmaceuticals industry solutions provider, in raising and managing $7 million USD for a blockchain-powered clinical trials solution to accelerate access to medicines for patients. Panxora will provide a management framework, determining when capital raised is released into the project, which will enable ClinTex to strategically grow its business. Brendan Mannion, ClinTex’s co-founder, said: “Our main priority has always been to meet patients’ needs. Recent circumstances have exposed the pharmaceutical industry’s flaws and reluctance to share data. However, with the use of blockchain here for this…

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Gibraltar Financial Services Commission Grants DLT Licence to Currency.com 

by Richard Kastelein Regulated crypto assets platform Currency.com has been awarded a full Distributed Ledger Technology (DLT) licence that will allow Currency.com to utilise DLT to store and transfer crypto assets by the Gibraltar Financial Services Commission (GFSC). “Gibraltar has been working on financial regulation in this area for many years and has a strict application process for crypto companies. Our Gibraltar licence is an important endorsement for the platform and further confirms our adherence to the most stringent standards, providing the highest level of safety and security for our traders,” said Jonathan Squires, Currency.com’s CEO. “Not only has Gibraltar’s…

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India’s Former Finance Secretary Spars With Industry Experts on Crypto Ban

For the first time, the former Finance Secretary of India who proposed a blanket ban on cryptocurrencies discussed digital assets with industry leaders. During a webinar on July 17, the former Finance Secretary of India, Subhash Chandra Garg, discussed cryptocurrencies with Indian industry leaders including Nischal Shetty, the CEO of Indian crypto exchange WazirX, and Siddharth Sogani, the founder of blockchain research company Crebaco.In 2019, Garg along with his secretariat drafted a bill that proposed a ban on cryptocurrencies along with a 10-year jail term and a fine of up to 25 crore rupees (~$3.3 million) for anyone who issued,…

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