Blockchain
Solidus Edge Closer to Completion
Solidus Technologies entered the digital mining arena in 2018 and last year was reported to be going from strength to strength despite what was regarded as a crypto winter. Solidus Technologies registered assets of £2.4m are everly increasing due to 2 temporary facilities where they are mining Ethereum around the clock 7 days a week. On inception they entered in to a joint venture with Soft Galaxy, who are leading experts in Artificial Intelligence and Blockchain Technology.
The idea was to build an 8000SqFT state of the art data centre that can hold up to 24,000 GPU’s which are basically super computers that validate transaction on the Ethereum network, and in turn are rewarded payment in Ethereum by the network. The Ethereum network was quoted by Steve Wosniack who was the co-founder of apple as saying that Ethereum could be the decentralised Apple of the future”
Since the last report Solidus Technologies have now completed the shell of the 8000SqFt build and currently raising funds to finish the build along with filling the Data Centre with 12,000 GPU’s. Scott Cannon director of Solidus Technologies has said ” I’m extremely pleased to have finally finished the shell of the centre after an initial hold up on construction due to the winter season in Bucharest. After speaking to Adrian we are confident of completing the build before the summer meaning we can then focus all our attention on filling the Data Centre with the hardware needed to fulfil our targets”.
The CEO of Soft Galaxy Adrian Stoica, a renowned expert in the field of Artificial Intelligence and Blockchain technology has said ” With the software we have installed onto the GPU miners it has provided us and our investors with added security due to market movements as our equipment operates at least 20% more efficiently then industry standards, this means that we are still making profit where others are not. This is very important for Solidus as the price of Ethereum is low and we are still making money there are reports that the price could reach $800 per coin at the back end of 2020, we are optimistic about this but at $180 per ETH we still make profit and I am confident we will see an increase to $500 or $600 this year”
The market has been buoyant this year with the price of Ethereum (ETH) rising over 100% from January. Source: coinmarketcap.com 01.01.2020 to 24.02.2020
There have been some major announcements this year, one of which came from credit card giant Visa. Visa have granted Coinbase their principle membership which allows Coinbase to directly issue debit cards where users can purchase goods and services via their cryptocurrency holdings. Source: https://www.forbes.com
Another major announcement is that HSBC stated they intend to cut over 35,000 jobs and are making way for online digital currency transfers. After extensive investment they are planning to move £15bn of their own assets into a crypto digital vault. Source: https://www.forbes.com
SOURCE Solidus Technologies
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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