Day: May 19, 2023

QuickSwap Integrates Orb-Powered dTWAP for Cheaper Price Impact on DEX Orders

QuickSwap has become the latest DEX to integrate dTWAP for traders to cut down on the price impact of their orders.  Leading Polygon decentralized exchange QuickSwap recently integrated dTWAP for DEXs. Powered by Orbs, dTWAP, the fully permissionless and composable DeFi protocol, will grant QuickSwap dragons access to its algorithmic trading strategy. This means that traders can lower the price impact of their orders without incurring additional costs. Meanwhile, besides dTWAP, QuickSwap dragons will also deploy Orbs – infrastructure for Limit Swap orders. Closer Look at QuickSwap – dTWAP Development The QuickSwap-dTWAP development follows…

Meta Shares Details of Its AI Chips for First Time

The new Meta Training and Inference Accelerator (MTIA) chip shall specifically handle “inference”, an already-trained AI model that makes a prediction or takes action.  For the very first time, Facebook parent Meta Platforms Inc (NASDAQ: META) publicly announced that it is working on custom computer chips which will help the company with its artificial intelligence and video processing tasks. Ahead of the virtual event on Thursday, May 18, Meta disclosed its internal silicon chip projects for the very first time while discussing the company’s AI technical infrastructure investments. Investors have…

Texas proof-of-reserve bill passes through the Senate

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Legislation that could require exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” has made it one step closer to becoming law in Texas. On May 15, the bill passed a vote in the state Senate and now awaits only the governor’s signature.  Texas House Bill 1666, amending the Texan finance code, passed through the state’s House of Representatives earlier this year. After three readings in the Senate, the text of the bill hasn’t experienced any significant changes from the previous draft. Under the amendments,…

Opera Browser Integrates MultiversX for Accessible Web3 Experience

“By being integrated into the Opera browser suite, MultiversX is leveraging the potential of Web3 in a way that is accessible and familiar to users,” said Mincu. “It’s a significant step in creating a simplified, low-barrier entry point to the world of Web3 and blockchain assets, one that allows users to easily access the new digital economy without needing to understand the underlying complexities.” Source

Australian stock exchange officially abandons blockchain plans: Report

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Australia’s stock market operator has decided to abandon its plans of rebuilding its software platform using blockchain technology, marking a significant rejection of the once-celebrated concept that gained prominence through its association with cryptocurrencies. The Australian Securities Exchange (ASX) caused frustration among market participants in November when it decided to “pause” the rebuild of its comprehensive trading, settlement and clearing software based on decentralized computing. An external review concluded that after seven years of development, significant rework was necessary. Following the initial pause, the company has indicated that it is…

Ripple launches CBDC and stablecoin issuance platform

Ripple, a leading crypto solutions company, has introduced the Ripple CBDC Platform, a comprehensive solution for central banks, governments, and financial institutions to issue their own central bank digital currencies (CBDCs) and manage the lifecycle of fiat currencies. Barely 24 hours after purchasing a controlling stake in Metaco, a Swiss-based firm specializing in tokenization and digital asset custody, Ripple, the fintech firm in charge of the XRP altcoin, has launched a new stablecoin and CBDC issuance platform. With over 90% of countries actively exploring CBDCs to enhance financial inclusion and…

Crypto should become a regular part of TradFi within 5-10 years: Exchange CEO

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Crypto needs to establish itself as a “brand-new” component of traditional finance, rather than try to squeeze itself into existing financial products, suggests the CEO of crypto exchange Bittrex Global. The company’s United States arm recently filed for Chapter 11 bankruptcy, announcing it intended to return customer funds and wind U.S. operations. It added it would not impact global operations. Speaking to Cointelegraph at Bitcoin Miami on May 18, Bittrex Global CEO Oliver Linch stated that in several places, including the United States, regulators tend to view crypto through the lens…

Australia’s Oldest Bank, Westpac, Takes Aim at Scams with Cryptocurrency Exchange Ban

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Westpac, Australia’s oldest bank, has made headlines by announcing a ban on cryptocurrency transactions to certain exchanges as part of a trial to reduce scam losses. The move comes in response to internal data revealing that half of all scam losses stem from investment scams, with one-third of scam payments being transferred to cryptocurrency exchanges. Investment scams have been identified as the largest portion reported to various Australian agencies, including Scamwatch, ReportCyber, the Australian Financial Crimes Exchange, IDCare, and ASIC. Westpac’s decision to block transactions to crypto exchanges has the…

Coinbase Unveils Subscription Service ‘Coinbase One’ for Cryptocurrency Enthusiasts

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Coinbase, one of the leading cryptocurrency exchanges, has announced the launch of its subscription service, “Coinbase One,” which will be available in 35 countries. Initially, the service will roll out in the United Kingdom, Germany, and Ireland. Coinbase One aims to provide users with features, including zero-fee trading, enhanced staking rewards, and exclusive benefits through partnerships with industry players like Messari and CoinTracker. All these benefits will be accessible to subscribers for a monthly fee of $29.99. Coinbase plans to collaborate with partners such as Alto IRA, Blockworks’ Permissionless, and…