Facebook Goes All-In on Fintech With Launch of New Product Group

Facebook has launched a new product group to promote “payments and commerce opportunities” with David Marcus, Libra’s co-creator, in charge of the division. The group, called Facebook Financial — or “F2” —will run its payments projects, including a planned Facebook Pay, Bloomberg reported on Monday. The division appears to be incorporating Facebook’s previous adventures in fintech under a single umbrella, with Marcus reportedly being in charge of both Novi, the wallet for Libra previously known as Calibra, as well as recent attempts to bring payments to the WhatsApp messenger. The launch of…

10 Simple Steps to Launch Own Cryptocurrency Exchange

Cryptocurrency, Bitcoin are the trending search terms on google in recent years. Hope you all aware about these terms as it plays vital role in today’s digital world. Cryptocurrency Exchange is the most profitable business that is making huge revenue even on this difficult pandemic situation. In this article, let us look at the simple steps to launch your own cryptocurrency exchange platform.   Step 1 : Get Proper Legal Counsel after meeting all your licensing requirements It is important to get the proper legal counsel, before you set your…

Ethereum 2.0 Testnet To Launch: Can The Blockchain Network Keep Up With The Surge in Demand?

Over the last couple of months, Ethereum has been experiencing a lot of exciting news, with its rally on the crypto market and its plans to launch its final 2.0 testnet, “Medalla.”   What Explains The Higher Transaction Records on Ethereum?   The number of transactions on Ethereum has seen an all-time high and has shot up over the last few months. However, crypto experts are debating on whether the blockchain network can keep up and whether its scalability is reliable enough.      Crypto investors have been speculating that the higher number of transactions that have been ongoing on Ethereum’s…

Binance to Launch Futures Trading in U.S. through Buying Licensed Firm

Binance Futures has long been looking for ways to expand to the U.S. Now it may acquire a licensed firm to ensure conducting futures trading there.  Crypto exchange Binance is considering the launch of the futures trading platform in the U.S. According to anonymous sources, to do that, Binance would possibly acquire or partner with a licensed company. Binance Futures is the fastest-growing crypto-derivative exchange by trading volume. To date, its proven matching engine is unparalleled, it has the most stable and fastest matching engine in the industry. Binance Futures…

Ethereum Medalla Testnet Launch Suffers Block Finality Issue

The Ethereum Medalla testnet launch, scheduled for 1pm UTC, did not proceed as smoothly as expected. While the network launched successfully and proposed a sufficient number of blocks at the supposed genesis time, participation rate was a mere 57%; much lower than the expected 80%. This means that only 57% of the stake is being deployed to validate the network. This presents a significant issue as block finality cannot be achieved until the network begins slashing the validators who are offline. Finality means that the block history is set in…

State-Run Bank in Switzerland to Launch Crypto Services

Basler Kantonalbank, or BKB, a government-owned commercial bank in Switzerland, is planning to launch cryptocurrency services through its banking subsidiary. According to an Aug. 3 report by local news agency Finews, BKB’s subsidiary and a national banking group, Bank Cler, are working on services that will allow customers to trade and store cryptocurrencies. BKB holds a majority stake in Cler, though the subsidiary possesses its own banking license separate from BKB.  Access to financial products A spokesperson at BKB confirmed the news to Cointelegraph. They also noted that the bank…

Tel Aviv Stock Exchange to Launch Blockchain Securities Platform

The Tel Aviv Stock Exchange (TASE) plans to launch its blockchain-based securities lending pool in November. In an announcement on July 28, TASE said the platform will serve an essential function in the country’s capital markets, which currently lack a central system for securities lending. Contrary to the current set-up —— which fails to meet the needs of investors, in TASE’s view — the new blockchain-based system will concentrate all securities lending activities under one roof and enable direct borrowing among investors across a range of major financial instruments. Tried…

Five Years Since Launch, Is Ethereum Creating a New Boom?

The Ethereum network has just turned five years old. Although the project was first announced at the North American Bitcoin Conference in January 2014, its genesis block was only mined on July 30, 2015. Since then, Ether (ETH) has become the dominating altcoin in market capitalization, popularity and network value settlement, having even surpassed Bitcoin in the latter. Ethereum was created with myriad possibilities in sight, allowing for smart contracts, powerful tokenization, complex decentralized applications and decentralized fundraising campaigns. The latter of these became extremely popular in 2017, as initial…

ConsenSys Labs and Protocol Labs Launch Filecoin Accelerator Program – Blockchain News, Opinion, TV and Jobs

Filecoin, the world’s largest decentralized storage network, is collaborating with ConsenSys Labs, the venture arm of ConsenSys, to launch the Filecoin Launchpad Accelerator (FLA). Powered by Tachyon, the FLA will focus on startups building more open, interoperable, and programmable tools, infrastructure, and applications for the distributed web through IPFS and Filecoin. The Filecoin Launchpad will provide funding, one-on-one mentorship, and programming to accelerate the adoption of Filecoin within the Ethereum and DeFi ecosystems, and attract current web developers looking to integrate with an efficiently priced and geographically distributed storage network.…

‘Huge Demand in India’ Spurs Zebpay to Launch OTC Bitcoin Trading Desk

Indian cryptocurrency exchange Zebpay is launching an OTC bitcoin trading desk. The exchange has shared the details with news.Bitcoin.com, stating that “There is huge demand” among bitcoin traders and arbitrageurs in India for OTC desk services. Zebpay Sees Huge Demand for OTC Crypto Trading in India Zebpay’s OTC desk offers “deeper liquidity and private, more personalized service to institutions and individuals with large orders that might be hard to fill on an open exchange,” the exchange’s OTC page details. Customers can trade BTC against INR with a minimum order size…