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The FAB pilot follows Bank ABC’s in Bahrain. JPMorgan also just launched its Tokenization Collateral Network on Onyx. JPMorgan’s Onyx Coin Systems has scored another win in the Middle East with the completion of a blockchain-based cross-border payments pilot project with First Abu Dhabi Bank (FAB). The pilot phase was “executed seamlessly with satisfactory response times,” according to a statement.  The FAB pilot wound up weeks after a similar test in Bahrain, where Bank ABC had been testing the Onyx system and proceeded to a limited launch of services. FAB said it was continuing to explore the opportunities the system offers. JPMorgan’s permissioned distributed ledger was launched in 2020 and has been gaining momentum in recent months. JP Morgan Onyx Digital Assets & Blockchain head Tyrone Lobban said earlier this month the platform currently processes between $1 billion and $2 billion a day. FAB Bank completes blockchain # payments pilot with J.P. Morgan:#UAE First Abu Dhabi B...

Nansen’s astute analysts recently unearthed “unusual transactions between FTX and Alameda” in the days preceding FTX’s tumultuous financial downfall. Blockchain data experts from Nansen have delved deep into the events leading up to the catastrophic demise of FTX. This includes the transfer of a staggering $4.1 billion worth of FTT tokens between the exchange and Alameda Research. A comprehensive report from Nansen, shared exclusively with Cointelegraph, unveils an array of remarkable findings from the blockchain analytics firm. It sheds light on the remarkably close-knit relationship between these two entities, both founded by the enigmatic Sam Bankman-Fried, who currently faces a slew of charges linked to the cataclysmic collapse of FTX. The precipitous fall of FTX is widely attributed to initial reports that sounded the alarm regarding Alameda’s hefty 40% stake, totaling $14.6 billion, in FTT tokens as of September 2022. Nansen’s perceptive analyst...

According to Olga Skorobogatova, First Deputy Governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project. The Bank of Russia (BoR) has revealed that it will begin testing operations for Russia’s central bank digital currency (CBDC) project with digital rubles. The test will begin on August 15.  A statement released by the Bank of Russia indicates that the pilot tests will involve the participation of 13 banks and a restricted group of their clients. According to Olga Skorobogatova, First Deputy Governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project. This step facilitates the examination of the digital ruble platform's functionality within an industrial context, the refinement of essential procedures in collaboration with clients, potential process adjustments and the assurance of a user-friendly and comprehensible client ex...

In a recent Cointelegraph Twitter poll, DOGE was voted as the memecoin that will have the largest market capitalization by 2025, with PEPE coming in second place. Memes, internet jokes, and popular culture references have become an integral part of online communities. Because of this, cryptocurrencies inevitably gave birth to a new wave of assets called "memecoins." While some argue that these coins are just a fad, others might also believe in their potential to bring financial gain to their investors.  One of the most popular meme coins that was recently launched is a frog-themed token called PEPE. The token has gained traction amid the bear market and garnered a lot of support from various members of the community despite its official website saying “the coin is completely useless and for entertainment purposes only.” According to its creators, PEPE is on a mission to “make memecoins great again” a play on former United States president Donald Trump’s political slogan, ...

Discover the fundamentals of blockchain technology, its use cases and its impact on various businesses through the top five books about blockchain. Reading blockchain books can be an effective way to understand blockchain technology comprehensively. These books can provide insights into the history and principles of blockchain, and how it works in practice. By reading these books, you can gain a deeper appreciation of the potential of blockchain technology and its various use cases across different industries. Furthermore, these books can help you understand how blockchain can be used to solve real-world problems and transform existing business models. By staying up-to-date with the latest blockchain developments, you can position yourself for success in this emerging field. Here are five books to learn about blockchain: “Mastering Blockchain: Distributed Ledger Technology, Decentralization, and Smart Contracts Explained” by Imran Bashir This book provides an in-depth overview of b...

Get started with nine beginner-friendly data science project ideas to enhance your skills and portfolio. Beginners should undertake data science projects as they provide practical experience and help in the application of theoretical concepts learned in courses, building a portfolio and enhancing skills. This allows them to gain confidence and stand out in the competitive job market. If you’re considering a data science dissertation project or simply want to showcase proficiency in the field by conducting independent research and applying advanced data analysis techniques, the following project ideas may prove useful. Sentiment analysis of product reviews This involves analyzing a data set and creating visualizations to better understand the data. For instance, a project idea may be to examine user evaluations of products on Amazon using natural language processing (NLP) methods to ascertain the general mood toward such things. To accomplish this, a sizable collection of product revi...