AS Roma F.C. signs £30m shirt deal with blockchain fintech Zytara Labs

AS Roma Parnership Deal

Italian football club AS Roma (ASR) has signed a three-year partnership worth €36 million (£30m) with blockchain fintech specialist Zytara Labs.

As part of the deal, the DigitalBits Foundation, which is supporting the partnership, will have its DigitalBits blockchain branding displayed front and centre on the Series A team’s jerseys.

Together, the Italian top-flight team and Zytara Labs will use the DigitalBits blockchain to create digital player cards and...

Amazon looking to hire digital currency and blockchain expert

Amazon office

A new Amazon job posting for a “digital currency and blockchain product lead” further solidifies speculation that the e-commerce giant is planning to bring its payments system into the crypto age.

The position, based at Amazon’s headquarters in Seattle, will be part of the company’s payments acceptance and experience team.

The job posting, which calls for “an experienced product leader to develop Amazon’s digital currency and blockchain strategy and product...

Nigeria to launch CBDC pilot in October

Nigerian Flag

The Central Bank of Nigeria (CBN) plans to begin its central bank digital currency (CBDC) pilot on October 1, according to Nigerian financial news publication Nairametrics.

According to Nairametrics private sources, Rakiya Mohammed, the bank’s director of information technology, called a webinar last Thursday to confirm the pilot’s start date and emphasise that the CBN could not afford to be left behind in global CBDC development.

The pilot scheme, known as...

Blockchain start-ups see record Q2 despite crypto plunge

Plant growing from coins

Blockchain start-ups worldwide raised a record £3.2 billion in funding during Q2 2021, in spite of the significant decline the cryptocurrency market has been experiencing since mid-April.

This data, collected by analytics firm CB Insights in its 'State of Fintech' report, represents a 50% increase over last quarter and a ninefold increase compared to the same time last year.

The global fintech industry also reached new heights in this quarter, with £22.4 billion being...

Planned ASX blockchain upgrade is costing its members millions

Changing stock prices

The Australian Securities Exchange’s (ASX) upgrade to distributed ledger technology is costing members millions of dollars, according to Judith Fox, CEO of the Stockbrokers and Financial Advisers Association (SAFAA).

Australia’s largest exchange and seventh in terms of global turnover, the ASX is looking to overhaul its outdated Clearing House Electronic Subregister System (CHESS) with a blockchain-based system, designed to speed up clearing and settlement.

The...

PayPal scraps annual purchase limit of cryptocurrency

PayPal Office, Dublin

PayPal has announced its annual purchase limit of $50,000 (£36,500) for Bitcoin and other digital assets is being removed.

Similarly, the platform’s weekly purchase limit is being raised fivefold from $20,000 (£14,500) to $100,000 (£73,000).

Jose Fernandez da Ponte, PayPal’s vice president of blockchain, crypto and digital currencies said: “These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our...

ShapeShift to decentralise entire company, begins with record airdrop

ShapeShift, a leading global cryptocurrency management platform, has begun dismantling its corporate structure to decentralise governance to its customers through its FOX token.

The process was initiated with 340 million FOX tokens being granted to more than a million recipients, making it the largest crypto airdrop in history. Current and past ShapeShift users, KeepKey hardware wallet owners, and users of other DeFi protocols all received tokens.

ShapeShift’s decision...

Wyoming advances DeFi adoption with landmark recognition of American CrytpoFed

An American flag waving in the wind.

The State of Wyoming has legally recognised the American CryptoFed DAO, making it the first decentralised autonomous organisation (DAO) to receive legal recognition in the US.

Such recognition comes hot on the heels of Wyoming becoming the first state to pass landmark legislation that defines DAO’s as a kind of limited liability company (LLC).

Speaking on the decision, Wyoming’s Secretary of State, Edward Buchanan, reflected on the state’s history of being at the...

Chainalysis valued at £3.6 billion after series E funding

ICO - ICOBox

The blockchain analytics and intelligence firm, Chainalysis, has raised $100 million (£72m) after its fifth round of funding, bringing its total valuation to $4.2 billion (£3.6bn).

Funding was led by investment management company Coatue, with further funds being provided by Benchmark, Accel, Addition, Dragoneer, Sequoia Heritage and SVB Capital.

This latest round of funding follows on from a successful series D round back in March 2021 in which Chainalysis raised $100m...

Blockchain in healthcare: The applications which are potentially ‘transformational’

Feature From South Korea to the US, governments this year have been trying to develop blockchain-based technologies to track citizens’ vaccination status whilst maintaining a respect for individual privacy. Aside from the controversies of this topic, the situation has thrust blockchain’s potential in the healthcare industry into the limelight moreso than ever before, at a time when the industry faces an increasing number of challenges.

With developed countries spending an...