Blockchain
OKEx Adds Euro Trading Market for Its Token OKB
OKEx (www.okex.com), the world’s largest spot and futures digital asset exchange by trading volume, announced the launch of OKB’s first OKB/EUR market on Bitlocus, a Europe-based cryptocurrency exchange startup. Traders can now trade OKB with Euro via SEPA, SWIFT, and Visa card.
Launched in 2019, Bitlocus is an up-and-coming crypto marketplace offering both crypto-to-fiat and crypto-to-crypto trading services. Currently, it has become one of the world’s major Euro fiat-to-crypto trading platforms.
Recently, OKB was listed on Indodax, the largest crypto exchange in Indonesia. As of now, OKB can be traded against multiple fiat currencies, including the US dollar, the South Korean won, the Vietnamese dong, the Indonesian rupiah and Euro. The addition of the new Euro trading market marks another strategic milestone in OKEx’s international expansion.
“OKB is entering the third year in maturing its ecosystem. Listed on Bitlocus, such collaboration has unlocked our achievement to introduce OKB to European market. Moving forward, we will work our best to expand the OKB ecosystem and continue to build further. We believe the future of OKB could be beyond your imagination,” said Jay Hao, CEO of OKEx.
In recent months, the OKB ecosystem has been taking shape fast into a global token economy.
Currently, OKEx has partnered with 25 partners worldwide to enable users to redeem with OKB a plethora of products and services, for example, hotel booking, online shopping, mobile top-up, cybersecurity services, and decentralized finance (DeFi) services, to name a few.
OKEx also offers a range of OKB-exclusive privileges for OKB holders, including greater trading fee discounts and higher subscription limit in OKEx Jumpstart token sales.
On the other hand, the 6th OKB buy-back and burn was carried out to offsetting its inflation and consolidating its value. This time, 5,945,273.91 OKB was burnt while 13,978,364.45 OKB has been bought-back and burnt since May 4, 2019, which is 4.7% of the total circulating amount.
Thanks to the above actions, OKB has been going strong in the secondary market. According to AMBCrypto, OKB achieved the highest ROI of 386% in 2019, compared to 147% of Binance’s BNB and 180% of Huobi’s HT.
SOURCE OKEx
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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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