DeFI News by Thebittimes.Com

Google Cloud is launching its own layer-1 blockchain for financial institutions, taking on Ripple, Circle, and Stripe in payments. Google Cloud’s Web3 Head of Strategy, Rich Widmann, shared new details about the blockchain, called the Google Cloud Universal Ledger (GCUL), in an Aug. 26 post on Linkedin .  “GCUL brings together years of R&D at Google to provide financial institutions with a novel Layer 1 that is performant, credibly neutral and enables Python-based smart contracts,” Widmann wrote.  “Besides bringing to bear Google’s distribution, GCUL is a neutral infrastructure layer,” Widmann added.  “Tether won’t use Circle’s blockchain – and Adyen probably won’t use Stripe’s blockchain.  But any financial institution can build with GCUL.”   By moving into blockchain payments infrastructure, Google Cloud is positioning itself to compete over the financial rails that coul...

The US stock market has been stuck in an increased state of volatility this year. With various companies struggling to gain momentum, there are high hopes for an impending bull market to hit the tech sector. That could be huge for Alphabet (GOOGL), which is making big moves in a $330 billion market that could make now the time to buy in. The Google and YouTube parent company has been stuck in a state of stagnation like many of its biggest competitors. However, it has turned its attention to one of the most promising emerging technologies in tech. Moreover, that could be massive for its price target throughout a vitally important 2025. Source: CNBC Also Read: Alphabet (GOOGL) Is Down 15%: Is It a No-Doubt Buy Now? Alphabet Makes Big Moves, But Can It Propel The Stock This Year? Entering the year, the Magnificent Seven were poised to once again dominate the stock market. Although they have yet to live up to those expectations, there is no denying that the future potential of these firms ...

Google Cloud has announced a partnership with Coinbase to drive Web3 innovation that includes using the crypto exchange to accept cryptocurrency payments. “We are excited Google Cloud has selected Coinbase to help bring Web3 to a new set of users and provide powerful solutions to developers,” said Coinbase CEO Brian Armstrong. Google Cloud Partners With Coinbase Alphabet Inc.’s Google Cloud and the Nasdaq-listed crypto exchange Coinbase announced Tuesday “a new, long-term strategic partnership to better serve the growing Web3 ecosystem and its developers.” Under the agreement, Coinbase will use Google Cloud to build its advanced exchange , grow data services, and process blockchain data at scale. The exchange will also leverage Google’s fiber-optic network to enhance the global reach of its crypto services . In addition, Coinbase will build its global data platform on Google Cloud’s infrastructure and leverage the internet giant...