Tag: Launch

‘Britcoin’ launch inches closer after Project Rosalind CBDC tests

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The Bank of England (BoE) is a step closer to launching its central bank digital currency (CBDC) dubbed “Britcoin” following the conclusion of a trial study called Project Rosalind. The Bank for International Settlements (BIS) along with the BoE launched the joint experiment in July 2022 to explore how prototypes of an application programming interface (API) could be implemented in retail CBDC transactions. A June 16 report which summed up phase two of Project Rosalind found a CBDC could make payments between individuals cheaper and more efficient while allowing firms…

Bank of England (BoE) Concludes CBDC Test Project towards Potential Official Launch

Following a successful Project Rosalind CBDC test, the BoE is making progress with developing and launching a digital pound. The Bank of England (BoE) is moving closer to launching its Central Bank Digital Currency (CBDC) after its long test project on the potential benefits of the technology. The BoE launched Project Rosalind last year to help decide whether to float a CBDC. The BoE undertook the CBDC project in collaboration with the Bank of International Settlements (BIS) to practicalize CBDC usage. According to a report the BIS published on Friday,…

Alibaba to Launch TMall E-Commerce Site in Europe

When launched in Europe, TMall will focus on selling local brands to local shoppers. It is not yet clear if TMall will be merged in any way with AliExpress which is already present in Europe. Chinese multinational conglomerate Alibaba Group Holding Limited (HKG: 9988) is planning to reach the European market by launching TMall, one of its key e-commerce platforms, in the region. The initiative marks significant progress in Alibaba’s international strategy and reflects the giant taking its own niche in the European market. Speaking at the Viva Tech conference in Paris,…

EU regulator will launch MiCA consultation starting in July

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The European Union’s financial watchdog will launch a 3-part consultation process for the recently adopted Markets in Crypto Assets framework, or MiCA. In a notice posted to the European Securities and Markets Authority (ESMA) website on June 12, regulators said the consultation packages would cover the authorization, governance, conflicts of interest, and complaint handling procedures of MiCA starting in July 2023. The measures will be subject to approval by the European Commission, European Parliament, and European Council. The first consultation package will include technical standards on the application of crypto…

Google Postpones Launch of Bard Chatbot in EU Over Privacy Concerns

According to Irish watchdog DPC, Google has not provided enough information about Bard and specifically about how its generative AI tool ensures Europeans’ privacy. Tech giant Google LLC (NASDAQ: GOOGL) has been forced to postpone the launch of its Google Bard chatbot in the European Union following the ban from Irish Data Protection Commission (DPC). The latter cited privacy concerns to explain its decision. According to DPC, Google has not provided enough information about Bard and specifically about how its generative artificial intelligence (AI) tool ensures Europeans’ privacy. In other words, Google…

Polygon Labs planning Polygon 2.0 launch

Polygon Labs has announced the impending launch of Polygon 2.0, a network upgrade it describes as a blueprint for building the “value layer of the internet.” According to the group, Polygon 2.0 will bring infinite scalability and unified liquidity to the Ethereum ecosystem, allowing anyone to seamlessly create, exchange, and program value. Polygon launching Polygon 2.0  Polygon, an Ethereum layer-2 scaling solution, has shed light on its upcoming Polygon 2.0 launch. The team says the Polygon 2.0 upgrade aims to radically revamp all aspects of the network, including its tokenomics.…

Orbs Debuts Permissionless Beta Launch of DAO Solution

As the permissionless beta launch of TON.Vote. goes live, Orbs’ L3 Guardians technology will be required to boost security.  Layer-3 infrastructure network for Decentralized Applications (DApps) Orbs has announced the permissionless beta launch of TON.Vote. According to the Press Release shared with Coinspeaker, TON.Vote is the new Decentralized Autonomous Organization (DAO)-based governance solution for The Open Network (TON).  According to Orbs, any TON-based project focused on infusing DAO-based governance can leverage the TON.Vote as it is now available for use.  Already, the likes of STON.fi, EvAA, TON Punks and Fanzee…

Apple (AAPL) Shares Rise to ATH Fueled by Launch of Vision Pro VR Headset

Apple stock hit its new ATH driven by increased iPhone sales and the launch of a competitive Vision Pro VR headset last week. Apple Inc (NASDAQ: AAPL) shares closed Monday trading around $183.79, up 1.56 percent from the day’s opening price. The $2.85 trillion valued tech giant has experienced increased demand for its products, thus motivating investors to double down on its stock market. As a result, the AAPL shares surpassed the prior ATH last week and the market is currently headed to a price discovery phase. The incredible performance…

Sweat Economy to Launch Governance Vote to Decide Fate of 2B Tokens

The new governance requires at least 75,000 votes for the proposal to be either accepted or rejected. Sweat Economy, the label behind the Sweatcoin and Sweat Wallet apps, plans to roll out a new governance vote later today in the wallet app. By doing this, the Sweat community will be saddled with the responsibility of deciding what happens to the 2 billion Sweat tokens lying idle in inactive users’ accounts. Token holders can now participate in the decision-making process by the principle of one man, one vote, thereby democratizing the…