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Teranode Realises the Potential of Blockchain Technology

The Fintech Times

Blockchain, heralded for its potential to transform industries, is currently undergoing a divergence from its original vision, marked by a prioritisation of speculative interests over core principles like scalability and decentralisation. The blockchain sector is notorious for overpromising and underdelivering.

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PayPal Stablecoin (PYUSD) Made Available on Solana Blockchain

The Fintech Times

PayPal USD (PYUSD), PayPal ‘s USD stablecoin, will now be available on the Solana blockchain. The news was announced at Consensus 2024 , the long-running cryptocurrency, blockchain and web3 event. ” The simplified experience of PayPal and Venmo wallets shows PYUSD as a unified balance regardless of the blockchain. .”

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Solana Foundation Simplifies Blockchain Transactions with New Tools

The Fintech Times

The Solana Foundation has introduced two new developer tools, Solana Actions and blockchain links (blinks), to make blockchain transactions more accessible and seamlessly integrated into everyday digital platforms. This feature aims to make decentralised applications more user-friendly and widely accessible.

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Dubai Blockchain Center and Cardano Foundation partner to provide blockchain education

Finextra

The Dubai Blockchain Center (DBCC) has entered into a strategic collaboration with the Cardano Foundation, marking a significant step forward in advancing blockchain education and technology adoption across the Middle East and North Africa (MENA) region.

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PEXX Acquires Blockchain Media Platform Chain Debrief After US$4.5M Raise

Fintech News

PEXX, a fintech startup specialising in stablecoin cross-border payments, has acquired Singapore-based blockchain media platform Chain Debrief. PEXX said that the goal is to provide users with updated information on blockchain technology, cryptocurrencies, and regulatory developments, enhancing their decision-making process.

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DBS Tests Blockchain-Based Government Grant Disbursements

Fintech News

DBS ’ permissioned blockchain was used to automate payments, ensuring that only approved recipients received the grants once the predefined conditions were fulfilled. This pilot reflects ongoing efforts to integrate blockchain technology into financial processes, aiming for broader use cases in the future.

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Northern Trust launches blockchain-based carbon credit ecosystem

Finextra

Asset servicer Northern Trust has launched a blockchain-based platform which enables institutional buyers to digitally access carbon credits.