Blockchain
Huobi Group Eyes Possible Expansion In Argentina
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Huobi Group Founder & CEO Leon Li met with a delegation of senior Argentinian finance officials this week during their state visit to China. Li met with Felix Martin Soto, Deputy Minister of Finance and Javier Matias Mana, Director-General of the Bilateral External Finance Bureau to discuss Huobi’s possible expansion into the country as well as the role blockchain could play in Argentina’s economic development.
The visit to Huobi was an important stop during their visit to Beijing for higher level collaboration between Chinese and Argentine governments.
“It was a great honour to meet with Deputy Minister of Finance Soto and to explore with him Huobi’s advantages when it comes to blockchain technologies and applications,” Li said. “We hope to further strengthen our cooperation with the Argentine Ministry of Finance to achieve win-win development for both of us.”
“We would like to learn how to participate in cryptocurrency and blockchain industry from Huobi,” said Soto, who heads up Argentina’s international financial relations. “Through tokenization on Huobi’s platform, for example, Argentina’splentiful agricultural, mineral and energy resources could be well financed by global investors.”
Soto believes Argentina should consider blockchain technology as a way to promote financial inclusion and reduce government costs. “At present, half of our population doesn’t have bank accounts. They practice mainly cash transactions and convert their savings into US dollars,” Soto said. “Through promoting cryptocurrency and blockchain technology and with Huobi’s assistance, we could reduce our demand for US dollars, which eventually would contribute to stabilizing the local market and attracting global investment.”
Huobi Group has expanded rapidly in recent years, opening up exchanges in areas like Japan, South Korea, Russia and – through its strategic partner Huobi (US) – the United States. It serves much of the rest of the world through Huobi Global, its flagship exchange platform.
Over the past few years, Argentina has been at the forefront of blockchain adoption in the South American region. Blockchain-centric start-ups have sprung up to serve the needs of the South American public and many Argentinians are increasingly investing in digital assets. The shift to cryptocurrency and blockchain is starting to manifest visible changes in Argentina. Earlier this year, for example, Bitcoin became an accepted payment method for busses, subways, trains and other forms of public transport and the country is also host to a growing number of crypto ATMs.
“With Huobi’s expertise in blockchain and cryptocurrency, Argentina can accelerate its pace to digital assets era,” Soto said.
SOURCE Huobi Group
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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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