In brief

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-6.33%Reading
A Belgian company has set up the first node for the European Blockchain Service Infrastructure, a pan-European blockchain network, it announced on Monday.
The blockchain node, run by internet provider Belnet, went live on February 12. Another Belgian company, software firm Smals, is currently preparing the second one. Other European countries will follow in the coming weeks to build a network that comprises 30 nodes, it said.
The EBSI is the project of the European Blockchain Partnership. It has $4.4 million in funding from the European Commission, was first conceived in 2017 and set up in 2018. It will provide reusable software, specifications and services that’ll help out EU institutions and European public administrations, according to the European Commission’s website.
Last year, the European Commission selected four use cases for the project.
The Hurun Global Rich List released today includes six cryptocurrency billionaires, adding two new faces from major crypto exchanges this year. According to the list, four people out of the six executives who made it onto the list are from major cryptocurrency exchanges, holding a net worth of more than $1 billion each. Changpeng Zhao, the 42-year-old founder of the three-year-old crypto exchange Binance, has continued to grow his personal wealth as the company expands. Zhao has doubled his weal...
The first is notarisation: using blockchain for digital audit trails; to automate compliance checks quickly; and to prove the integrity of data.
The second is to log education credentials on the blockchain, “significantly reducing verification costs and improving authenticity trust.”
The third is to create digital identities, which EU citizens can use to “create and control their own identity across borders without relying on centralised authorities.”
The fourth is for secure data sharing among EU customs and tax authorities.
These use cases were selected in 2019, and 2020’s use cases will be selected at the end of this year’s first quarter. Those use cases, whatever they may be, will go live at the start of 2021.
It should be noted that these plans have nothing to do with a digital Euro. But if the project goes well, European leaders might learn the merits of the blockchain. If it goes well, of course.
Tips
Have a news tip or inside information on a crypto, blockchain, or Web3 project? Email us at: tips@decrypt.co.
Crypto asset manager Canary Capital has applied for an exchange-traded fund tracking Cronos (CRO), the token affiliated with the Crypto.com exchange, according to a filing with the U.S. Securities and Exchange Commission on Friday. The S-1 registration form marks Canary Capital’s latest step toward potentially debuting its Canary Stake CRO ETF in the U.S. and adds to the growing list of altcoin-based funds before the regulator. The issuer registered a Delaware Trust entity earlier this month, l...
Just three days after debuting a multi-billion dollar fundraising plan to purchase Bitcoin, President Donald Trump’s Trump Media & Technology Group announced Friday that it has successfully raised $2.4 billion for its crypto treasury. The funds were raised via an offering of common stock and convertible senior secure notes, the company said. Roughly 50 institutional investors participated in the sale, which produced $2.32 billion in net proceeds. Those funds will now be used to create a Bitcoi...
How do you save an ailing publicly traded company in 2025? One answer, and an increasingly popular one at that, is: pivot to crypto—or more specifically, become a crypto treasury company. The previously unknown online gambling marketer SharpLink Gaming did just that earlier this week, when it announced it had raised $425 million in investment to establish an Ethereum treasury. It was a notable departure from the more common route of building a Bitcoin treasury, with Ethereum being the second lar...