Tag: Launch

BIS to launch stablecoin monitoring project and up focus on CBDC experiments

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The Bank for International Settlements (BIS) will heighten focus on experimenting with Central Bank Digital Currencies (CBDCs) this year via its research and development arm and will also launch a new project to monitor stablecoins. On Feb. 7, the Switzerland-based so-called “bank for central banks” announced its Innovation Hub will “increase its focus” on CBDCs in 2023 to improve payment systems. The bank added its work schedule for the year ahead also includes “Project Pyxtrial,” which it described as a new experiment being launched by the London branch of the…

File Transfer Giant Wetransfer Joins NFT Industry, Partners with Blockchain Platform Minima for March Launch of Minting Product – Blockchain Bitcoin News

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File transfer service giant Wetransfer announced Monday it is collaborating with blockchain platform Minima to offer a non-fungible token (NFT) minting product in March. Wetransfer’s announcement details that users leveraging the Minima cooperative will be able to mint NFTs from a mobile device or computer. Wetransfer and Minima Partnership Aims to Bring NFT Minting to Mobile and Desktop Devices On Feb. 6, 2023, file sharing company Wetransfer, founded in 2009, revealed its entry into the NFT industry. Wetransfer announced a partnership with blockchain project Minima, a distributed communications network set…

Laotian CBDC proof of concept project to launch using system pioneered in Cambodia

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Japanese financial software firm Soramitsu has announced the signing of a memorandum of understanding with the Bank of the Lao People’s Democratic Republic Payment Systems Department on the launch of a proof-of-concept project for a Laotian central bank digital currency (CBDC). Under the agreement, a digital form of the Lao kip, called the DLak, would launch Feb. 7. According to an explanatory video, the central bank would provide DLak to commercial banks in exchange for fiat currency, and the user would exchange fiat for DLak from the commercial bank. The…

Controversial Tron-Based Altcoin Skyrockets 39,500% After Launch on Crypto Exchange Huobi

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An altcoin recently launched on crypto exchange Huobi has exploded exponentially since being listed. FTX Users’ Debt (FUD), based on Tron (TRX) and first listed on Huobi, aims to maintain its value with the backing of the debt of those who lost funds on collapsed crypto exchange FTX. The token is issued by DebtDAO, an organization that has no direct affiliation with FTX. FUD is meant to represent $1 of debt, and had an initial supply of 20 million tokens. Tron founder and Huobi advisor Justin Sun described FUD as…

Uniswap Community Completes Vote to Launch on Boba Network

As the largest DEX platform on the Ethereum blockchain, Uniswap commands as much as $2.36 billion in the total value of assets in the Dapp’s smart contracts, allowing users anywhere in the world to trade crypto without an intermediary. Members of the Uniswap community have voted in favor of deploying the V3 version of the Ethereum-based Decentralized Exchange (DEX) on the Boba Network. As contained in a Press Release shared with Coinspeaker, the governance vote to launch Uniswap V3 was massively supported with 51.01 million votes polled above the necessary…

Sberbank Set to Launch Decentralized Finance Platform Based on Ethereum – Defi Bitcoin News

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A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank’s blockchain laboratory, said that open testing will begin in March. Sberbank’s Defi Platform to Enable Large-Scale Commercial Operations According to a report published by the news outlet Interfax, state-owned financial services company Sberbank, based in Moscow, plans to launch a decentralized finance (defi) application. The platform is currently undergoing closed beta testing, according to Konstantin Klimenko, Sberbank’s blockchain laboratory product director. “We have set…

Russia’s Sberbank plans to launch DeFi platform on Ethereum

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Russia’s largest bank Sberbank is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months. Sberbank expects to launch open trials of its DeFi platform by May 2023, Sber’s Blockchain Lab product director Konstantin Klimenko announced, the local news agency Interfax reported on Feb. 3. Currently being tested in private beta, Sberbank’s upcoming DeFi platform will be fully open by the end of April, enabling users to conduct the first commercial transactions, Klimenko said. The exec noted that the…

Russia’s Sberbank plans to launch DeFi platform on Ethereum

Russia’s largest bank, Sberbank, is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months. Sberbank expects to launch open trials of its DeFi platform by May 2023, Sber’s Blockchain Lab product director Konstantin Klimenko announced, the local news agency Interfax reported on Feb. 3. Currently being tested in private beta, Sberbank’s upcoming DeFi platform will be fully open by the end of April, enabling users to conduct the first commercial transactions, Klimenko said. The executive noted that the…

Indonesia targets launch of its national crypto exchange by June

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Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange by June this year, six months after its previous target of December 2022. Trade Minister Zulkifli Hasan shared the new target launch date on Feb. 2 at the opening of Crypto Literacy Month in Jakarta, noting that the government is currently reviewing which companies meet their criteria to become part of the exchange, according to local reports. Trade Minister Zulkifli Hasan. Source: Owntalk.co.id There are five active crypto exchanges which are currently registered with the country’s…