Jewel Bank, Polygon to launch Bermuda’s first USD-backed stablecoin

Institutions in Bermuda will soon be able to trade real-time settlements using a stablecoin with a 1:1 ratio with the United States dollar, Jewel Bank’s founder and chairman Chance Barnett told Cointelegraph.  Called Jewel USD (JUSD), the first stablecoin to be released in the territory is powered by the Polygon blockchain, enabling transactions between wallets available to institutional clients. In the future, the bank plans to use the Polygon ecosystem for commercial and retail stablecoin-based payment solutions, including transactions between institutions, businesses, and payments between individuals. “The need for a…

Blockchain indexer The Graph says adoption is still strong two years after mainnet launch

According to data provided to Cointelegraph on Dec. 15, network growth still appears to be strong for blockchain indexer The Graph (GRT). Launched two years ago, The Graph Network allows developers to easily search, index, use and publish data from public blockchains.  From Nov. 2021 to Nov. 2022, the total number of developers on The Graph (both active and inactive) increased by 145% to 38,000. During the same period, average GRT query fees per month increased by 1,191% to 354,000, while total lifetime GRT queries on the decentralized network increased…

QuickSwap and Versa Games Launch Gaming Hub on Polygon

While its model involves incentivizing players and users of the Gaming Hub, the platform places a unique premium on balancing the fun all its stakeholders will gain while interacting with the Hub. Decentralized layer-2 digital trading platform and automated market maker, QuickSwap has launched The Gaming Hub, the largest Web3.0 gaming destination on the Polygon Network. The establishment of the Gaming Hub is in conjunction with Versa Games, a Web3 gaming platform that enables game discovery and supports the financing and growth of Non-Fungible Token (NFT) assets for its users.…

Zogi Labs Enters Partnership with Cronos to Launch The Legends of Bezogia – Sponsored Bitcoin News

sponsored Dubai, December 13th – Zogi Labs, a pioneering crypto company & gaming studio famously known for the BEZOGE token and the up-and-coming crypto-based MMORPG, The Legends of Bezogia today announces its partnership with Cronos. Zogi Labs has won a spot amongst batch 6 of the Cronos ecosystem grant, alongside the signing of an MOU between Cronos & Zogi Labs, forming a strategic partnership which will pave the way for the future of Zogi Labs & Cronos products. “With the signing of a strategic partnership, we plan on mutually supporting…

Brazil Central Bank to Launch a CBDC in 2024

“Greater inclusion, lower cost, intermediation, competition with reduced barriers to entry, efficiency in risk control, monetization of data, complete tokenization of financial assets and contracts,” Campos Neto said. “This is what we see in this digital economy in Brazil.” Source

Panther Completes the Decentralized Launch of Its Protocol’s v0․5, a DAO-Led Effort – Press release Bitcoin News

press release PRESS RELEASE. Panther, a cross-chain application that will allow retail users as well as institutions to access DeFi privately and compliantly, has launched its v0.5. This was achieved by the protocol’s community in conjunction with Panther Ventures Limited, a Web3 development company destined to develop the blockchain technology and zero-knowledge components of Panther. Panther Ventures Limited collaborators developed the protocol’s software and released it under a BUSL License, which grants users the right to copy, modify, create derivative works, redistribute, and make non-production use of the Licensed Work.…

Every Step Counts: TipTop App Launch Disrupts the Move-to-Earn Industry

Place/Date: – December 12th, 2022 at 6:08 pm UTC · 3 min read Source: TipTop The recent launch of the TipTop app has attracted thousands of FitnessFi enthusiasts and sent reverberations across the Move-to-Earn industry. Within an already overcrowded market for fitness apps, TipTop stands out for rewarding fairness of play and its top-class NFTs. Exercising or running errands has long been overlooked as an underrated source of passive income. TipTop gamifies fitness and rewards movement. With a unique system for NFT sneakers, players can immerse themselves in the digital…

ZELF Collaborates with Visa to Launch Anonymous Card

Most people have privacy and security concerns when it comes to making payments online. With the ZELF card, this becomes a no-issue. Bank of the Metaverse, ZELF, has announced its new anonymous Visa debit card that can be funded with cryptocurrency. Cardholders can open a US dollar checking account without needing any social security number and proof of address. According to the company, prospective clients can open a checking account with their name, email, and phone number. Within 30 seconds, these clients can get an anonymous virtual debit card that…

Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program – Blockchain Bitcoin News

The Bank of Spain is seeking the collaboration of organizations interested in participating in an experimental test on a wholesale central bank digital currency (CBDC). The institution clarified this new program has no relation with the current investigation on a possible digital euro, and has the objective of examining the real possibilities and advantages of using a CBDC in the field. Bank of Spain to Experiment With Its Own CBDC The Bank of Spain has recently revealed it will launch its own experimental program with a wholesale CBDC. A document…

Steve Aoki and 3LAU Launch PUNX Music Project Using CryptoPunks IP

Both Aoki and Blau have been influential in combining NFTs and music through their respective projects. Blau previously released an NFT album series titled “Ultraviolet,” which raked in a record $11 million, and launched music royalty platform Royal in May 2021. Aoki has released several successful NFT collections, including the Dream Catcher and launched the A0K1VERSE, an NFT membership community. Source