Tag: Launch

UK Government Suspends Plans to Launch State-Owned NFT

In a statement about reasons for the halt of NFT plans, Chair of the Treasury Select Committee Harriet Baldwin cited the uncertainty across the cryptocurrency sector. The UK Treasury Department has revealed it will no longer be going forward with its initial plans of launching a non-fungible token. According to an April 2022 proposal, which was put forward by then Chancellor of the Exchequer and current prime minister Rishi Sunak, the plans were part of a broader effort to make the UK a global crypto hub. At the time, Coinspeaker…

Nasdaq Aims to Launch Crypto Custody Services in Second Quarter – Exchanges Bitcoin News

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Nasdaq intends to launch its custody services for digital assets like bitcoin by the end of this year’s second quarter. The exchange operator is among those traditional financial firms that want to play a role as intermediaries in the crypto sector which saw the collapse of some major players. Stock Exchange Nasdaq Seeks Regulatory Approval as Crypto Custodian U.S. exchange operator Nasdaq plans to launch its own custody services for crypto assets by the end of June. The company moves into the industry in the aftermath of a series of…

Owner of Major US Stock Exchange To Launch Crypto Custody Services by June: Report

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The parent company of a major US stock exchange is reportedly looking to launch crypto custody services by June. According to a new report by BNB Bloomberg, Nasdaq INC., the owner of the New York-based Nasdaq Stock Exchange, expects its crypto custody services to be available by the end of the second quarter. Ira Auerbach, head of Nasdaq Digital Assets, told Bloomberg in an interview that the firm is currently in the process of acquiring the regulatory consent and necessary infrastructure it needs to launch. Auerbach also says that offering…

One of 14 companies with a DLT license in Gibraltar to launch IEO

This week in crypto, Silicon Valley Bank’s former parent company, SVB Financial Group (SIVB), filed for Chapter 11 bankruptcy protection, with Signature bank following in its footsteps. Despite these foreboding events, bitcoin (BTC) has rallied to its highest price since June 2022. Meanwhile, the digital asset service Damex announced the launch of its IEO. Maximize your investment potential with the versatile #Damex native Token 📈⚡️ 💡 Available soon on multiple platforms, #DamexToken will be created on Ethereum and then bridged to Solana, BSC & others. Tokens can be staked to…

Nasdaq to launch crypto custody by Q2 2023

Nasdaq plans to capitalize on the demand for institutional service providers in the crypto market by launching its crypto custody service at the end of the second quarter in 2023. According to Ira Auerbach, the Senior Vice President and Head of Nasdaq Digital Assets, American stock exchange Nasdaq, is set to begin offering its crypto custody services to clients by the end of Q2 2023. He added that the exchange is working round the clock to get the necessary regulatory approvals to meet their target of debuting in Q2 of…

Nasdaq to launch crypto custody services by end of Q2: Report

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Global securities marketplace Nasdaq Inc. is gearing up to launch its custody services for digital assets by the end of the second quarter of this year, according to Bloomberg. Nasdaq expects to launch crypto safekeeping services this year, joining a growing pool of traditional finance firms moving into the sector after a spate of bankruptcies https://t.co/Jz8TuFARcs — Bloomberg (@business) March 24, 2023 As reported by Bloomberg, the exchange group has applied for a limited-purpose trust company charter from the New York Department of Financial Services, which would oversee the new…

US Central Bank’s Fednow Payment Service to Launch in July, Economist Calls Timing ‘Suspicious’ – Economics Bitcoin News

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According to the U.S. Federal Reserve, the central bank’s Fednow payment service will start operating in July, and participants will be certified in April to leverage the Fednow Pilot Program. Ken Montgomery, the Fednow program executive, is urging American financial institutions to make preparations to join the central bank’s new payment service. Economist Richard Werner, however, believes the timing of the Fednow rollout is “suspicious,” and he suggests that “maybe it’s all about rolling out” a central bank digital currency (CBDC). Fednow Payment Service Prepares to Facilitate Instant Payments, Economist…

Zilliqa (ZIL) to Launch Full EVM Compatibility by April as Token Price Falls 5%

Zilliqa believes that launching EVM fully would help bolster its ecosystem and expose it to the wider blockchain developer community. Zilliqa, a high-throughput blockchain platform, has revealed plans to launch full EVM compatibility on its mainnet this year. This follows after the platform’s earlier launch of EVM on the Zilliqa testnet last December. According to a recent blog post, the release is slated to take place on April 25th, 2023. Zilliqa to Use EVM Compatibility for Expansion of Ecosystem EVM (Ethereum Virtual Machine) is the backbone of the Ethereum blockchain.…

Collective Finance to Launch Its Public Tokens Sale on Binance Smart Chain

Participation in the Public sale is through the Collective Finance DApp and by navigating to the Presale Tab. Decentralized Finance (DeFi) protocol Collective Finance has announced plans to launch the public sale of its native token $CLF built on the Binance Smart Chain (BSC) network. As contained in a Press Release shared with Coinspeaker, the public token sale can be accessed with a 10% discount, setting a generally lowered barrier for more encompassing community participation. The Collective Finance protocol was designed as an innovative outfit that offers access and participation…

Federal Reserve confirms July launch for FedNow instant payment service

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The United States Federal Reserve has confirmed a July launch date for its long-awaited instant payments system, seen by some as an alternative to central bank digital currencies (CBDCs) and stablecoins. The instant payment network will settle payments in seconds and can support transactions between consumers, merchants and banks. It does not rely on blockchain technology. It’s a significant step for the government as it is controlled by the Federal Reserve Bank, as opposed to Clearing House’s RTP network which is operated by a consortium of large banks.  @federalreserve @frbservices…