FinTech news in energy category

Led by Gavin Wood, co-creator of Ethereum and its founding CTO, Parity’s partnership with Watr is designed to co-develop the Watr protocol and key applications, and execute joint R&D on the functionality required to make the platform perform for the $17 trillion dollar commodities industry. Omar Elassar, global head of Ecosystem Growth & Business Development at Parity Technologies, said in a statement: This collaboration will bring Watr’s deep commodities’ expertise to the Polkadot ecosystem and kick-start a platform for web3-enabled solutions that solve pressing industry issues. We covered how the Watr Foundation, a Swiss-registered foundation created by experience commodities founders, plans to do this via the use of blockchains, incorporating the technology into commodities trading. We are thrilled to have the legendary team at Parity join us and our existing partners in enabling commodities’ transition to Web3 business models and liquidity while safeguarding the security and decentralized ethos of a public blockchain servicing both retail and regulated institutional users.

Bitcoin’s most prominent layer-two, the Lightning network, can execute hundreds of thousands of transactions per second by settling transactions off-chain in a separate ledger, Lightning Labs CEO and co-founder Elizabeth Stark told journalist.

Tesla’s decision to buy Bitcoin last year prompted a major bull run for the cryptocurrency, though that surge was famously reversed months later by the company’s announcement that while it did not immediately plan to sell its Bitcoin, it would no longer be accepting Bitcoin as payment for vehicle purchases.

Talking of money, Nous’ substantial seed raise was led by early stage London-based Mosaic Ventures (an erstwhile Series A investor), with participation from more than 65 angel investors.