Members of the Young Entrepreneurs Network Africa in Nairobi, Kenya are developing the YENTS stablecoin, a native token of the entrepreneurs’ Network which is expected to launch in November this year, according to the report. YENTS token will be pegged to the Kenyan shilling or equivalent US dollar amount, on a one to one basis,...Read More
Decentralized storage network, Filecoin today announced that it has started its pre-mainnet phase, coined as ‘Mainnet Ignition’ and that the Filecoin community has a “few weeks” left to initialize, set up systems, and optimize deployments. According to the release, Filecoin is expected to launch its mainnet between Oct 19 -23. 3…2…1… Countdown to liftoff! Filecoin...Read More
Samsung SDS, the IT arm of the South Korean multinational business Samsung group will begin testing a blockchain-powered distribution system that will offer better management of pharmaceutical drugs, according to a local news source, Yakup. The pilot project which is called ‘Disruptive innovation technology for tracking drug distribution history’ will be rolled out in November...Read More
The popular blockchain company Tezos has become the last integrated network into China’s ambitious Blockchain-based Services Network (BSN). Developers can employ the Tezos protocol through BSN’s global public city nodes and portals for a “simplified development and deployment experience.” All three global public city nodes, namely Hong Kong, California, and Paris, have integrated with the...Read More
In an attempt to provide more clarity on regulations to crypto firms, European Commission released a document titled The Digital Finance Package that included digital finance and retail payment strategies, according to an announcement today. This would be the first time that the EC has proposed detailed legislation on cryptocurrency assets. The future of finance...Read More
After a failed (but not regretted) attempt, Thesis, the blockchain development company behind Keep Network, has just released the new version of tBTC. tBTC is simply Bitcoin tokenized in the Ethereum blockchain as an ERC20 token backed by the original Bitcoin. The initiative might seem like another one of the many projects that seek to...Read More
China needs the advantage of the first issuer of digital currency and the first nation to come up with its digital asset, PBOC’s China Finance magazine article states. A New “Battlefield Of Competition” On The Rise According to an article published in China Finance, a magazine run by the People’s Bank of China (PBOC), cited...Read More
Multiple mining groups in China have announced that they will fork Filecoin’s blockchain as they claimed to be dissatisfied with mining rewards, according to a report in Sohu.com, a Chinese media company. Moreover, the announcement has come just weeks before Filecoin’s mainnet launch in October. With regard to the fork announcement, Weiping Han, Chairman of MIX...Read More
Members of European Union have decided to make use of distributed ledger technology and adopt crypto-assets such as stablecoins, by 2024, in order to introduce new regulations to make cross-border payments cheaper and quicker according to two EU documents received by Reuters today. According to the report, this move from the European Commission was a...Read More
U.S based cryptocurrency exchange Coinbase Pro announced in a tweet today that the exchange would begin passing network fees to its customers with network fees (otherwise known as Gas on the Ethereum blockchain) which is paid directly to cryptocurrency miners that process transactions and secure the blockchain networks. To ensure a smooth experience for our...Read More
Since its launch in May, Polkadot (DOT) announced the establishment of its ‘Treasury’ which is a new decentralized platform to fund projects according to a press release shared with AMBCrypto today. Polkadot Treasury, which is said to be a pot of funds collected through transaction fees, slashing, and staking inefficiencies, will be run by a...Read More
IOHK, announced in a blog today that it would offer $250,000 in public funding to Project Catalyst which is an experiment to get more developers to build decentralized applications or dApps on the Cardano blockchain. Moreover, users who hold Cardano’s native crypto, ADA would be able to submit their ideas, collaborate, vote and award funds...Read More
Bank for International Settlements (BIS), which is an international financial institution owned by central banks posted a job announcement today that stated a requirement for a “host” of blockchain experts to join the BIS Innovation Hub. Daydreaming about creating your own currency? Join the #BISInnovationHub, and make it happen #blockchainjobs #cryptojobs #CBDCs #blockchain #DLT https://t.co/5xqatNVt3C...Read More
San Francisco-based Bitcoin and cryptocurrency exchange, Kraken today announced that U.S state of Wyoming approved Kraken’s application to form Kraken Financial which would allow it to provide seamless banking services between cryptocurrencies and fiat for Kraken clients in the U.S. This move would make Kraken Financial the world’s first Special Purpose Depository Institution (SPDI) based...Read More
Germany-based video game company CipSoft has released a game that fully operates on the Litecoin blockchain and does not have a central server according to an announcement published on twitter today. Named LiteBringer, the online role-playing game is similar to CipSoft’s first video game Tibia which involves fantasy characters, difficult quests and rewards. In LiteBringer though,...Read More
Residents in the US state of Georgia can now register on the Binance.US cryptocurrency exchange which will function under the state’s regulatory requirements, according to a company announcement published today. 🍑 https://t.co/AZwoBOy3iq is now live in Georgia 🍑 Georgians can start registering & trading today! — Binance.US 🇺🇸 (@BinanceUS) September 15, 2020 This move comes...Read More
Decentralized data network startup Bluzelle will provide its decentralized storage services to developers who will build on Polkadot’s DeFi ecosystem, a flagship project of the Web3 Foundation, according to a press release shared with AMBCrypto today. Furthermore, Bluzelle’s distributed storage project will integrate with Parity’s Substrate framework as well. As per the release, Polkadot’s integration...Read More
Bitcoin Association of Hong Kong, which includes over 5,000 Bitcoin-focused members, today announced that it would use donations to buy advertising spaces to post Bitcoin ads that would educate locals about the merits and risks of the premier cryptocurrency. According to the release, these Bitcoin ads will be displayed on three Bitcoin-themed doubledecker trams. Besides...Read More
Jack Dorsey’s financial services company Square has established a non-profit organization called Cryptocurrency Open Patent Alliance (COPA). Working independently from Square, the entity aims to ensure open access to blockchain technology in the digital asset sector and fight patent trolls. Square Creates COPA According to Square’s announcement, COPA aims to stop companies within the cryptocurrency...Read More
Ethereum Classic Labs today announced a collaboration with cloud software solutions provider Storj Labs’s to increase the syncing performance of an Ethereum Classic node in a trustless manner using Storj’s blockchain-based cloud service, Tardigrade. ETC Core development team members believed that this partnership with Storj would also allow clients to take ownership of their data...Read More
Politicians in the Swiss senate passed a new set of financial law reforms on Thursday, September 10. The “blockchain act” will provide a clear legal framework regarding cryptocurrency trading and how it relates to securities laws, according to a new report. The proposed legal reforms were agreed upon unanimously by the Swiss House of Representatives...Read More
Ethereum Classic Labs (ETC) announced a partnership with the blockchain analysis company, Chainalysis to offer Chainalysis KYT (Know Your Transaction) that would help cryptocurrency businesses comply with local and global regulations. With regard to this partnership, Chainalysis said it would also offer the ETC Labs startups, projects, and grantees access to Chainalysis subject matter experts...Read More
U.S blockchain venture capitalist Digital Currency Group (DCG), today announced the acquisition of the U.K-based cryptocurrency exchange and wallet Luno, and that the Group made ‘financial commitments’ to help Luno expand globally. The funds involved in the acquisition, though, were not disclosed according to the release. Luno, which has a customer base of five million...Read More
In a recent announcement today, the widely-used stablecoin tether (USDt) will be launched on Solana, a high-speed blockchain network. This would be the first time a stablecoin has been integrated with Solana and this move will now allow tether holders to exchange their USDt stablecoins at speeds greater than 50,000 transactions per second on the...Read More
Global financial services company, Mastercard launched a Central Bank Digital Currencies (CBDCs) virtual and custom ‘testing’ platform, for central banks to evaluate use cases of national digital currencies and even simulate a CBDC ecosystem, a release stated today. Moreover, Mastercard has called for global partnerships with central banks, commercial banks, and tech and advisory firms...Read More
New York-based blockchain investment firm Coinfund has invested an undisclosed amount in Rarible, a platform to trade liquid intellectual properties and any digital content with licensing via Non Fungible Tokens (NFT). Coinfund’s funding is supposed to help Rarible develop a community-governed, blockchain-based NFT marketplace that would enable it to create a direct relationship between digital...Read More
San Francisco-based crypto lending and staking platform, Cred announced today that it has joined Visa’s Fast Track program, which according to the firm would speed-up the process of eventually integrating with Visa, a global payment tech company. According to co-founder and CEO of Cred, Dan Schatt, the firm’s acceptance into Visa’s program would allow Cred...Read More
European cryptocurrency exchange ETERBASE announced in a tweet today that the exchange had been hacked and its hot wallets were compromised, which has lead to the loss of several cryptocurrencies. The crypto exchange said that it has contacted all other centralized exchanges that might be receiving these illicit funds stolen during the hack and were...Read More
The cryptocurrency-backed lending and borrowing platform, Cred, announced today that it had joined Visa’s Fast Track program. The company plans to leverage several Visa features to facilitate lending and borrowing of digital assets globally. Cred Joins Visa’s Fast Track Program The San Francisco-headquartered company announced its latest milestone in a press release shared with CryptoPotato....Read More
Bank of Japan (BoJ), one of Japan’s central banks, has put the development of a central bank digital currency (CBDC) on top priority since July, according to a report in Japan Today. As per the report, members of BoJ hoped to see its digital currencies operate seamlessly during times of natural disasters and especially during...Read More
