Global market for blockchain applications in microgrids to surpass $1.2bn by 2028, says Navigant

The latest report from Navigant Research has predicted that the global market for blockchain applications in remote and grid-connected microgrids is expected to exceed $1.2b by 2028, experiencing a compound annual growth rate (CAGR) of 67.8 per cent from 2019-2028.

The report, which examines trends driving the development of blockchain applications for both microgrids, states that the microgrid vendors and energy blockchain vendors are exploring more and more use cases wherein...

CoolBitX secures $16.75m in series B funding to build out crypto infrastructure

Taiwanese blockchain security firm CoolBitX has secured $16.75m in its series B funding round conducted by Japan’s SBI Holdings, along with participation from the National Development Fund of Taiwan, Korean crypto exchange BitSonic, and another Japanese financial group Monex.

As CoolBitX has successfully raised funds, the company now intends to expand the presence of its Sygna product range beyond the Asia Pacific region. Sygna is CoolBitX’s first-to-market FATF-compliant...

Riot Blockchain to scrap crypto exchange and further pursue mining

Riot Blockchain is to shut down its crypto exchange and renew its focus on mining, citing various risks.

The company issued an update on its ‘strategic priorities’, with the action of sunsetting the RiotX Exchange taken after assessing, in the company’s words, “the evolving regulatory environment, cybersecurity risks, and the current competitive landscape facing US-based cryptocurrency exchanges.”

The greater move to mining has been coming, with Riot recently...

Northern Data and Canaan collaborate on blockchain and AI development

Blockchain solutions and datacenter provider, Northern Data has announced its cooperation with Canaan, a blockchain technology firm, in order to bring development in the area of artificial Intelligence, blockchain technology and data centre operations.

Integrating Canaan's expertise in the fields of AI chip development and ASIC hardware with Northern Data's initiatives in data centre and blockchain infrastructure at scale will offer both firms a solid bedrock to develop and...

National Stock Exchange of Australia building blockchain system with new partnership

The National Stock Exchange of Australia has announced that it has partnered with fintech firm iSignthis in order to develop a blockchain-based settlement and clearing system called ClearPay.

The system will help to offer digital asset trading as well as settlements in real-time. It could also be used to make fractional trading—the option to say, buy a fraction of an Apple stock—possible. ClearPay is expected to be launched in early 2021 after which the National Stock...

Tech Mahindra and Telangana government launch blockchain accelerator program

India-based IT service firm Tech Mahindra has launched an inaugural accelerator program called T-Block Accelerator for Telangana Blockchain District in partnership with the state government and IBC Media, an innovation management firm.

According to the company, the initiative is focused on startups that have a strong blockchain use case, boosting the growth of startups and contributing to overall industry growth.

With the help of this initiative, Tech Mahindra will...

Forbes’ Blockchain 50 reveals enterprises ‘embracing’ multiple providers

Forbes has published its latest Blockchain 50 list; a half-century of the largest companies with significant blockchain technology initiatives, in a year the publisher has described as one where enterprises have ‘embraced’ the technology.

The list, for which qualification sits upon on either generating revenues or having a valuation in seven figures, can be seen as something of an important milestone. Forbes’ Cloud 100 for instance, a yearly evaluation of the most...

Enjin announces launch of game development platform on Ethereum

Blockchain development platform Enjin has announced the launch of its latest initiative: a game development platform on Ethereum.

The platform will enable potentially millions of developers to integrate crypto assets into games and apps with no knowledge of writing blockchain code. According to the company, the Enjin Platform allows game engineers to take advantage of decentralised inventory, to integrate blockchain-based gaming and non-gaming assets, and to manage economic game...

UEFA to unveil new blockchain ticketing system for upcoming Euro 2020 championship

UEFA, European football’s governing body, is to introduce a blockchain-based ticketing system for the upcoming Euro 2020 championship.

In order to boost the fans’ football experience, the UEFA blockchain ticketing system will include the distribution of match tickets through a mobile ticketing system application. This system is expected to deliver more than one million mobile tickets across the entire tournament.

According to UEFA, as Euro 2020 is expected to be its...

Chainalysis announces global rollout of anti-money laundering compliance solution for Tether

Blockchain analysis provider Chainalysis has announced the global launch of its compliance solution in partnership with Tether.

Chainalysis Know Your Transaction (KYT) for Token Issuers is a real-time anti-money laundering (AML) compliance solution that monitors a token from issuance to redemption.

Jonathan Levin, co-founder of Chainalysis said: “Stablecoins like Tether, which peg their value to other assets, were developed to appeal to mainstream audiences who are...