IOTA Ledger Apps used by Norway’s Bank

A memorandum of understanding (MOU) have been sighed by DNB ASA (Den Norske Bank), Norway’s largest financial group, and the IOTA Foundation (IOTA)
01 June 2018   1845

DNB and IOTA will collaborate to explore applications of the IOTA Tangle, a “third-generation” distributed ledger (DLT). The 2 parties will be partnering to find new business models relatively to their respective industries. The head of DLT at DNB, Lasse Meholm, declared that one goal of the project is better understand the technology and to let those at the bank who work with customers find opportunities for new use cases. 

Among other things, the technology is designed to handle hundreds of thousands of microtransactions per second. We will not let go of the market associated with this ecosystem that arises around these transactions.
Lasse Meholm
Head, DLT at DNB

The representative of IOTA, one of the founders, David Sønstebø, reported that he believes this could soften the relationship Norwegian banks have on the crypto industry.

I hope and believe it. The IOTA Foundation will contribute to separating useless crypto-projects from the serious ones.
David Sønstebø
Founder, IOTA

DNB ASA, Norway’s largest bank and one of the biggest in the Nordic countries had previously been studying blockchain technology through the R3 consortium. As reported by local news E24, DNB also has several ongoing projects with different technologies including Ethereum, Hyperledger, and EOS.

Blockchain technology is being used by the financial institutions around the world.   For instance, Canada’s central bank, Toronto Stock Exchange operator TMX Group, and non-profit organization Payments Canada, recently finished tests showing that blockchain technology is efficient for instantaneous securities settlements.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   878

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”