Tag: Launch

Scammers exploit Threads launch, impersonating crypto Twitter users

Threads, Meta’s newly launched microblogging app, has become a target for scammers wasting no time trying to deceive users. The platform has already drawn the attention of several influential Crypto Twitter users, who are sounding the alarm about imposter accounts lurking on Threads. On July 8, decentralized finance platform Wombex Finance shared an image of an imposter Threads account pretending to be associated with their project. Wombex Finance promptly alerted users, cautioning them that scammers could potentially operate the account since their project was not present on the Threads platform.…

Open-source advocates launch OP Stack testnet to fund public goods

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Layer-2 blockchain Public Goods Network launched a testnet on July 7, promising to spend “the vast majority of net sequencer fees” on public goods instead of paying them out to the development team or token holders, according to an announcement from the network’s developers. In economics, a “public good” is a good that cannot be produced for profit because it is difficult to exclude non-payers from its consumption. The new network was developed by the same team that created Gitcoin, a project that seeks to raise funds for open-source projects.…

Meta’s Twitter rival Threads to launch July 6, but will the crypto community budge?

Meta is planning to launch its new Twitter rival, Threads, on July 6, only days after Twitter’s “rate limit” debacle which has temporarily capped how many posts users can read per day. The platform, which is heavily tied to the photo and video-sharing social network Instagram, is expected to be released on Thursday according to a Meta-launched countdown site. Threads has also appeared for pre-order on Apple’s App Store bearing an expected date of July 6. Screenshot of Threads’ listing on the App Store. Source: Apple Despite an arguably well-timed…

Coinbase layer-2 network Base closes in on mainnet launch

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Base, a new layer 2 application-focused protocol by Coinbase has just one criteria left to fulfil  before being ready for mainnet launch. On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both internally and externally — its second-last criteria required for launch. “With the completion of these audits, we’ve now fulfilled ⅘ of our criteria for mainnet launch,” Base said, adding that they feel confident after not finding any critical code bugs: “Completing these in-depth security workstreams without…

CME Group Announces Plans to Launch ETH to BTC Ratio Futures

“Historically, ether and bitcoin have been highly correlated; however, as the two assets have grown over time, market dynamics may affect the performance of one more than the other, creating relative value trading opportunities,” Giovanni Vicioso, CME Group global head of cryptocurrency products said in a statement. “With the addition of Ether/Bitcoin Ratio futures, investors will be able to capture ether and bitcoin exposure in a single trade, without needing to take a directional view.” Source

ECB Set to Launch CBDC Market Settlement Trials by 2024

As research continues into a possible digital euro, the ECB plans to begin trials that settle transactions using a CBDC. The European Central Bank will begin trials on market transaction settlements using distributed ledger technology (DLT) via a central bank digital currency (CBDC). The ECB’s readiness to begin the CBDC trials and experimentation follows the first meeting of the New Technologies for Wholesale Settlement Contact Group (NTW-CG). The minutes of the meeting explored transaction settlements between financial institutions in addition to the development of a CBDC. The ECB’s trials will begin…

Blockchain Project Worldcoin Taps Okta to Launch World ID

The press release explained how users can become fully verified by World ID – Worldcoin’s identity protocol. Blockchain identity project Worldcoin has announced a new collaboration with Okta – an identity management software. According to the announcement, the collaboration will help Worldcoin to launch its proposed identity protocol, World ID, in Germany. Worldcoin Floats World ID, Brags About Its Privacy Policy Per the announcement, World ID verification will start out in the German capital – Berlin. The new protocol will employ custom-designed hardware, called The Orbs, to verify German-based users…

Tech Startup Nothing Secures $96M Funding for US Expansion Ahead of Phone (2) Launch

Despite the challenging landscape of the smartphone consumer market and the economic climate, Nothing has achieved significant milestones and is poised for further growth. London-based tech startup Nothing has successfully closed its recent fundraising round with $96 million secured from both new and existing partners. The company was founded in 2020 by Carl Pei, the former co-founder of the smartphone maker OnePlus. In an announcement on Twitter, Nothing revealed that the investment round was led by the European venture capital company Highland Europe with participation from GV, EQT Ventures, and…

Sotheby’s to Launch New Gen Art Program Highlighting Generative Artists

The Gen Art Program at Sotheby’s will launch on July 26 and will highlight two to three generative artists per year. The first sale will honor generative art pioneer Vera Molnar, who is considered by many scholars to be the first female digital artist. Beginning her career in the mid-1940s, Molnar began creating computer art in the 1960s, building out an impressive portfolio that is regularly cited as an influence for modern generative artists such as Dmitri Cherniak and Tyler Hobbs. Source