Bitcoin Community Celebrates as Crucial Lightning Network Project Launches

Despite it having a strong fundamental premise, Bitcoin’s Lightning Network has yet to see the adoption that its proponents hoped would happen. According to Lightning data provider 1ML, there is only $9 million worth of BTC locked in the network. There are also only 13,000 Lightning nodes, which, while many more than last year, is not yet signaling mainstream adoption. Yet a product was launched yesterday that changes the Lightning Network’s trajectory for the better. Bitcoin Lightning Network Gets Boost With New “Strike” App If you’ve been following the Lightning…

Cartesi Launches SDK and Developer Portal Making DApp Development Feasible with Linux – Blockchain News, Opinion, TV and Jobs

Blockchain company Cartesi has published the alpha version of its Descartes Software Development Kit (SDK) and developer portal in line with its roadmap. The operating system will provide developers with a mainstream programming experience for DApps including those working with Linux. Erick Demoura, CEO & Co-Founder of Cartesi said: “With this SDK release, we prove our continued commitment to making DApps powerful and easy to build. The SDK launch will allow developers who are already in the blockchain space to perform heavy computations and to get the convenience and the…

Public Mint Launches, Announces 200 Banks Are On Board

Public Mint launched its ‘fiat-native’ public blockchain on July 1 following two years of development. The platform comprises a blockchain for the tokenization of fiat currencies that are held in the accounts of insured and regulated fiat custodians — essentially comprising a stablecoin backed by a network of banks. Public Mint claims to have already partnered with a network of more than 200 banks to hold the funds backing its fiat token network. Their site does not provide further details on banking partners, although Hyperledger and IBM Digital Asset Labs…

Kadena Launches Blockchain App to Verify COVID-19 Tests, Token Listed on Bittrex – Blockchain News, Opinion, TV and Jobs

Kadena, a blockchain project born out of a group of ex-JPMorgan bankers, has released a new app created that can verify COVID-19 tests are not fake — by letting users track test kits using QR codes. Also this week, Kadena’s token (KDA), has been listed on its first cryptocurrency exchange with one of the world’s largest at Bittrex Global, with initial trading pairs including Bitcoin and Tether. “Kadena‘s plan is to use QR codes to track the kits from the manufacturer to the healthcare provider, making it harder to swap…

Swiss SEBA Bank Launches “Dual Currency Certificate” For Tapping Volatile Bitcoin/USD Trading Market – Blockchain News, Opinion, TV and Jobs

Switzerland’s SEBA Bank has developed a USD Dual Currency Certificate for BTC/USD, aimed at investors who wish to benefit from the high level of the cryptocurrency’s volatility. This is part of SEBA Bank’s kicking off of a strategic series of recurring structured products on digital assets. The investors’ needs for security with regard to potential issuer risk are addressed through full collateralization of the issuing vehicle and a guarantee from SEBA Bank. Guido Bühler, CEO of SEBA Bank AG, said: “The launch of the Dual Currency Certificate on BTC/USD shows…

S.Korea: BOK launches legal team to research digital currency

The Bank of Korea on Monday officially launched a legal team to help smooth the launch of a central bank digital currency and cryptocurrencies rolled out by central banks. The formation of the six-member panel — comprising external legal experts, lawyers and BOK officials — was a follow-up to the central bank’s announcement in April, when it said it would carry out a 22-month pilot program until December 2021 to examine how to operate a CBDC system. The BOK had maintained a lukewarm stance toward the CBDC matter until then, even dissolving…

Crypto Garage Launches Commercial Service for Settlenet System

Japanese blockchain development company Crypto Garage announced it was launching commercial service on its Settlenet platform for the crypto OTC market. According to an update on Digital Garage’s website posted on June 8, its Crypto Garage venture is launching commercial service for Settlenet, a settlement system using Blockstream’s Liquid Sidechain.  Specializing in over-the-counter (OTC) transactions of digital assets for trading companies, crypto exchanges, asset managers and brokers, Settlenet has been in development since before January 2019, when Crypto Garage obtained regulatory approval from Japan’s Financial Services Agency (FSA) for a…

Singapore-Based TomoChain Launches P2P Lending Feature

Singapore-based cryptocurrency exchange TomoChain will launch a peer-to-peer, or P2P, lending feature on June 6 through its TomoDEX’s platform. According to an announcement, TomoDEX is the first decentralized exchange, or DEX, powered by the layer 1 protocol TomoX — which will have a maximum of 150 DEXs running on it. It’s currently in soft launch with spot trading enabled. The DEX boasts a reported speed of 2,000 transactions per second. Long Vuong, CEO of TomoChain said the P2P lending feature does require a trusted custodian and there will be no…

Crypto Exchange OKEx Launches Ether Options, EOS Options to Follow

Cryptocurrency exchange OKEx announced the launch of Ether (ETH) options contracts on its trading platform. According to a June 4 announcement, following today’s launch of ETH options, OKEx will also launch EOS options contracts on June 18. The firm also announced that it placed 1,000 ETH in the ETH Options insurance fund to prevent clawback. OKEx promotes options as a trading risk hedge Per the announcement, options allow traders to buy or sell the underlying asset to hedge risk and maximize profits. The announcement explains how the contract differs from…