Tag: Launch

Coinbase Shares Seeing Resurgence Since Launch of Its Base L2 Network

The launch of Base will position Coinbase in such a way that will give it a competitive advantage by a large margin. American digital currency trading platform Coinbase Global Inc (NASDAQ: COIN) is seeing a bullish rejuvenation in its stock price as the sentiment surrounding its Base layer 2 (L2) networks is growing. COIN is trading at a price of $66.44, up 2.48% in the Pre-Market, soaring from the $64.83 it ended Tuesday’s trading session atop a 9.96% growth. That Wall Street is all pumped about Coinbase is not surprising…

Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders – Africa Bitcoin News

Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the “first cross-chain collaboration between the two companies.” Harnessing the Benefits of the Blockchain The Zimbabwean blockchain startup Flex ID and the South Africa-based Whatsapp remittance platform, Uhuru Wallet, recently said they have launched a platform that offers “combined digital identity and remittance services to millions of Zimbabwean immigrants in South Africa.” In a statement shared…

Japanese Tech and Finance Giants Launch Japan Metaverse Economic Zone – Metaverse Bitcoin News

Several Japanese tech and finance giants have signed a document to create the Japan Metaverse Economic Zone, a multipurpose virtual universe that will have its base in a platform called Ryugukoku. The virtual world will allow these companies to share their technology with users as it lets them roam this role-playing-game-like world as online avatars. Japan Goes Big on Metaverse With Japan Metaverse Economic Zone Several Japanese tech and finance companies have kickstarted the launch of one of the biggest metaverse initiatives in Japan. On Feb. 16, JCB, Mizuho Financial…

BAYC Creator Yuga Labs to Launch Its First Bitcoin NFT Project This Week

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The collection may be one of the highest-profile launches on Ordinals to date. The company behind the world’s most dominant non-fungible token (NFT) collection Bored Ape Yacht Club, Yuga Labs, has revealed plans to launch its first-ever Bitcoin-based NFT project later this week. The company announced on Monday as it looks to jump on the Bitcoin NFT wave. According to the announcement, Yuga Labs said it will release an NFT collection named “TwelveFold”. Yuga Labs Shares Details of New NFT Collection Based on Bitcoin The collection, which is minted on…

Emirate to launch free zone for digital and virtual asset firms

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Ras Al Khaimah, one of the seven emirates that make up the UAE, is set to launch a free zone for digital and virtual asset companies as the country’s approach to the industry continues to attract global crypto players. The RAK Digital Assets Oasis (RAK DAO) will be a “purpose-built, innovation-enabling free zone for non-regulated activities in the virtual assets sector.” Applications will open in the second quarter of 2023, the statement said. The free zone would be dedicated to digital and virtual assets service providers in emerging technologies, such…

Eclipse to Launch Rollup Blockchain for Polygon Network with Solana Compatibility – Technology Bitcoin News

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Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon. Eclipse disclosed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized applications (dapps) will be easily migratable to the Polygon Sealevel Virtual Machine (SVM). How Eclipse’s L2 Scaling Concept Hopes to Improve Blockchain Efficiency On Thursday, rollup provider Eclipse announced that the startup is collaborating with the Polygon team to launch the Polygon Sealevel Virtual Machine (SVM). Eclipse noted that the Polygon SVM will add new…

Federated Learning Consortium (FLC) for Decentralized AI to Launch in Hong Kong, Led by Phoenix and APEX Technologies – Press release Bitcoin News

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press release PRESS RELEASE. After over a year of preparation and restructuring, decentralized and privacy-enabled AI organization Federated Learning Consortium (FLC) is set to launch as a for-profit research consortium in Hong Kong, China, shifting from a previously non-profit approach. FLC is set to be led by founding keystone members – blockchain technology platform Phoenix and leading China-based consumer data and AI company APEX Technologies. FLC’s vision is centered on researching, developing, and promoting cutting-edge technologies surrounding federated AI, including federated learning, blockchain-enabled AI, multi-party computation (MPC), and TEE (trusted…

Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year – Bitcoin News

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The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the technical feasibility of the currency and to include private businesses in its design process. Bank of Japan to Continue Digital Yen CBDC Experimentation The Bank of Japan is advancing in its research for the issuance of a hypothetical Japanese central bank digital currency (CBDC), the…

Huobi to Launch Huobi Hong Kong Crypto Exchange

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Huobi, a major crypto exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of…