Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange

The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company but crypto proponents have learned about the upcoming support for assets like bitcoin, ethereum, and bitcoin cash. DBS Bank Ltd is Southeast Asia’s largest bank in terms of assets under management (AUM), as the corporation’s 100+ branches hold more than $600 billion today. The bank published information on the subject and then swiftly removed the announcement. However, a number of cryptocurrency proponents caught…

Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program

Hong Kong’s innovation hub, Cyberport has partnered with leading global enterprise blockchain platform provider R3 and pioneer of blockchain applications FORMS HK to launch the Block AdVenture program. The Block AdVenture program is part of Cyberport’s commitment to empowering Hong Kong start-ups through the use of cutting-edge technologies and creating innovative digital solutions that meet the market’s needs. Blockchain is one of the key technology clusters promoted by Cyberport. According to a release shared with Blockchain.News on Oct 22, the Block AdVenture, program equips local startups with a deeper knowledge…

CasperLabs readies blockchain platform for 2021 mainnet launch with $14M private sale

CasperLabs has raised $14 million in a private validator token sale, with over a dozen investors participating in a round led by Digital Strategies. The company expects to launch its public mainnet in the first quarter of 2021, followed by a public token offering which will exclude U.S. investors.  In 2018, CasperLabs raised $14.5 million in an equity Series A round led by Terren Piezer. The original plan provisioned for an Exchange Validator Offering on the BitMax exchange, but the recent announcement makes no mention of the exchange. Casper started out…

CBDC Launch Is More Political Decision

The European Central Bank may try to put a cap on the maximum amount of the digital euro each individual can hold per time, should the project eventually go live. The German Central Bank head of payments Burkhard Balz recently stated that the decision by any country to develop and launch a central bank digital currency (CBDC) might be more of a political decision than technical. Mr. Balz made this assertion while making a Keynote Speech at the China Europe Finance Summit – A Hybrid Conference on Sino-European Capital Markets,…

Filecoin launch hits turbulence. AP will put election data on blockchain.

In this issue Filecoin’s mainnet launch marred by miners’ complaints Associated Press joins Everipedia to publish US elections data on blockchain USDC adds Stellar blockchain as another alternative to congested Ethereum In China: OKEx under police investigation and suspends exchange services Funding spotlight: Investors bet $100 million on ‘neobank’ in India From the Editor’s Desk Dear Reader, Blockchain’s moment is coming.  In one of the most closely watched elections of our time, the Associated Press, the 174-year-old consortium of U.S. publishers, broadcasters and news agencies, will be recording the results…

NSX of Australia to Launch Automated Trading Blockchain Platform

A blockchain-based trading system is almost ready for the connection to the Australian Securities Exchange (ASX). During a Tuesday announcement, the National Stock Exchange of Australia (NSX) revealed that the Australian Council of Financial Regulators approved at its October meeting access of its blockchain Digital Exchange Sub register System (DESS). Now, the Australian Securities and Investments Commission is making final steps before it goes live. The firm assured stakeholders that “DESS is already technically and operationally ready for service to commence data accumulation and writing to the blockchain.” Uncomfortable Delays…

Eat Just and Proterra Asia Partner to Launch a Subsidiary in Asia

When built, the factory will generate thousands of metric tons of protein, adding to existing protein facilities in North America and Germany. San Francisco-based plant food manufacturer Eat Just has announced a partnership with a consortium led by Proterra Investment Partners Asia. Within the deal, Eat Just and Proterra Asia will build a subsidiary, called Eat Just Asia, in Singapore. The company will concentrate on creating a fully-integrated supply chain for Eat Just’s flagship product, vegan egg substitute JUST Egg. According to the press release, Eat Just will invest $20…

No Immediate Plans to Launch CBDC

The Assitant Governor of New Zealand’s central bank said that they will continue researching their CBDC in tune with global developments but haven’t been much keen on introducing it now in the country’s monetary system. The CBDC mania is catching up with governments and central banks across the globe. On Monday, October 19, the Reserve Bank of New Zealand released a report clarifying its stand on a national CBDC. Christian Hawkesby, the Assistant Governor of New Zeland’s central bank said that they are currently researching CBDC. He also adds that…

Ethereum 2.0 Possible Launch Date, Progress Made

Ethereum has made considerable progress particularly with the success of the Zinkel Testnet launched last week. As the anticipation for the launch of the Ethereum 2.0 Phase 0 mounts, one of the project’s developer Ben Edginton has given more inclination as to the project’s progress as well as the potential time of launch date. Per the update Edginton gave, the anticipated migration of the ethereum network from its current Proof-of-Work mechanism to the scalable Proof-of-Stake mechanism will be anywhere from 6-8 weeks from now. He noted that the continuous use…

Filecoin (FIL) Faces a Miner Crisis 72 Hours Into Launch, Analyst Says

Filecoin (FIL) has been one of the most talked-about digital assets of the past week. The cryptocurrency finally launched this week after years of development and after a rapid $200 million ICO in 2017. Unfortunately for FIL holders, an analyst says that the cryptocurrency is currently under threat due to a miner crisis. Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom Filecoin Is Facing a Miner Crisis Analysis by Twitter user Nico Deva suggests that Filecoin is in the midst of a miner crisis that is…