Chainlink Teams Up with Swift to Revolutionize Traditional Finance Through Blockchain Payments

Chainlink Co-Founder Unveils Blockchain Payments for TradFi

The co-founder of Chainlink, Sergey Nazarov, has announced a groundbreaking blockchain payment solution aimed at bridging the gap between decentralized finance (DeFi) and traditional financial institutions. In collaboration with Swift, this new integration allows banks to use existing messaging standards to interact seamlessly with blockchain technology. This initiative is set to simplify digital asset settlements without requiring significant changes in current infrastructure. At the Sibos conference organized by Swift in Beijing, Nazarov emphasized that this development would enable pre-settlement confirmations through established protocols before converting them into on-chain events via Chainlink's infrastructure. Furthermore, he introduced the Blockchain Privacy Manager (BPM), which ensures end-to-end privacy for institutional transactions using private chains encrypted by Chainlink’s Cross-Chain Interoperability Protocol (CCIP). According to Cointelegraph, these advancements aim to address longstanding concerns about privacy within the blockchain industry.

Your VPN May Not Be Private: Nym Offers a Solution

Nym Technologies CEO Harry Halpin aims to revolutionize online privacy with an ultra-private Virtual Private Network (VPN) leveraging blockchain technology. As reported by Forbes' Steven Ehrlich, many conventional VPNs are criticized for selling user data despite promising anonymity. Nym seeks to counteract this issue by employing mix-networks that obscure both users’ activities and identities while utilizing its own cryptocurrency as a funding mechanism instead of relying on customer data sales or subscriptions alone. Although still facing challenges such as slow performance speeds during video calls due to high computational demands from their advanced encryption methods—Nym remains committed towards refining their product further alongside notable team members like Chelsea Manning, who serves as Security Consultant at Nym Technologies.

Blockchain.com Executives Under Scrutiny Over UK Account Filings

Executives from Blockchain.com find themselves under legal scrutiny after failing to meet timely submission requirements regarding company accounts, according to Decrypt reports. Despite being one of the earliest providers offering Bitcoin wallets globally since 2011, the firm now faces potential prosecution following delays in filing necessary documents dating back to December of last year. However, representatives assure that all outstanding paperwork will soon be resolved amicably, given the recent workforce reductions impacting operations worldwide, including layoffs affecting hundreds of employees across multiple locations earlier this year. An announcement regarding ongoing proceedings was made publicly available today concerning the scheduled hearing at Cardiff Magistrates Court next month, where possible penalties include unlimited fines or imprisonment, depending on the severity of case outcomes determined by judicial authorities involved in handling the matter.

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