Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space. The solution is dubbed the “Mastercard Crypto Credential” and its launch was announced on April 29. In an accompanying explainer video shared to Twitter, the firm outlined that its “building a way for Web3 and blockchain service providers to help secure transactions between users, verified according to standards set by Mastercard.” At #Consensus23, we announced how we are instilling trust in…
Tag: Launches
Mastercard Launches Crypto Credential Service for Cross Border Transfers
“If two people want to transfer value from one country to another country, the level of compliance and verification needed is complex,” said Raj Dhamodharan Head of Crypto and Blockchain at Mastercard. “So how do you identify those wallets, and how do you exchange enough information about the other party?” Source
Findora Launches dApp Transaction Privacy-Focused Triple Masking SDK
Innovative Layer-1 blockchain Findora has introduced a Triple Masking SDK privacy-preserving solution for Web3. Findora has launched a Web3-focused Triple Masking SDK for developers to easily integrate zero-knowledge (ZK) proofs into their decentralized applications (dApps). According to the programmable privacy-enabled public blockchain, the Findora Triple Masking ZK SDK also enhances user transactions. For instance, users can now transact privately while remaining auditable and have multiple options regarding masked or transparent information. Describing the development as a Web3 universal privacy-preserving solution, Findora added that the Triple Masking SDK offers plug-and-play privacy for…
Robinhood launches fiat-to-crypto on-ramp for self-custody wallets and DApps
The launch of ‘Robinhood Connect,’ a fiat-to-crypto on-ramp featuring support for decentralized applications (DApps) and self-custody wallets, was announced at Consensus 2023 on April 27. Introducing our latest investment in crypto, Robinhood Connect: https://t.co/SmENSYufBA A low-cost, on-ramp for customers, and a seamless integration for developers. Learn more: https://t.co/rnBnR0LYww pic.twitter.com/6uSIAJkudO — Robinhood (@RobinhoodApp) April 27, 2023 Positioned as a competitor to similar services such as Coinbase Pay and MoonPay, Robinhood Connect essentially allows users purchase and sell cryptocurrency directly to and from their self-custody wallet or natively in DApps using a…
BCH Bull Launches Production Release, While Cashfusion Fuses Over $2 Billion in BCH – Bitcoin News
As the Bitcoin Cash enthusiasts brace themselves for the much-awaited upgrade that vows to unleash decentralized applications, General Protocols revealed a complete production release of its decentralized hedging application, boasting a doubled contract size. Meanwhile, those utilizing the privacy-boosting protocol Cashfusion have fused over 17.4 million bitcoin cash since its inception, equivalent to a staggering $2 billion in U.S. dollar value. General Protocols Reveals Latest Defi Application Release The Bitcoin Cash community eagerly awaits an upgrade that promises to revolutionize the creation of decentralized applications on May 15, 2023. Last…
Filecoin Launches FWS, Decentralized Alternative to Amazon Web Service
Prior to the launch of the FWS, the protocol launched its Filecoin Virtual Machine Compatibility which supports smart contracts. Blockchain-based storage network, Filecoin Network has announced the launch of its proprietary Filecoin Web Service (FWS) a cloud-based decentralized alternative to tech giants like the Amazon Web Service (AWS), and Microsoft Azure amongst others. As announced by the protocol, the launch of FWS marks a very big milestone for its engineering team and the new protocol will be based on the Filecoin protocol. In describing the new service, Filecoin said its…
Web3 social media protocol launches ‘layer 3’ to provide instant posts
The team behind Lens, a Web3 social media protocol, has announced the launch of a new “layer 3” network to scale blockchain social media apps. Called “Bonzai,” the new network processes and stores posts, comments and shares, taking this data off the Polygon network and thereby increasing scalability for Lens, according to an April 26 announcement viewed by Cointelegraph. Introducing Bonsai, an Optimistic L3 scaling solution, that will process transactions at hyperscale, and is designed to support the next generation of web3 social users. Available for Lens devs in closed…
Circle launches cross-chain USDC transfer protocol for Ethereum, Avalanche
Circle, the creator of US Dollar Coin (USDC), has launched a mainnet protocol that lets users transfer USDC between Ethereum and Avalanche, according to an April 26 announcement. Previously, Avalanche users who held USDC on Ethereum had to deposit their coins with a Circle partner or use a third-party bridge to transfer their USDC from one network to the other. The new Cross-Chain Transfer Protocol (CCTP) protocol appears to do away with this need for USDC bridges. The team released a video on April 13 showing how the new protocol…
Decentralized Exchange Vertex Launches on Ethereum Layer 2 Arbitrum (ARB) Blockchain
Vertex, which had been operating on a test network, combines an off-chain order book layered on top of an on-chain automated market maker on a decentralized, self-custodial exchange. The firm, which has bases in Singapore and the Cayman Islands, counts Jane Street, Dexterity Capital, Hudson River Trading, GSR, Collab+Currency, JST Capital, Big Brain and Lunatic Capital among its early backers. Source
ICO launches FOI toolkit topic to help public bodies deal with vexatious requests
Continuing with its commitment to improving freedom of information (FOI) services, the Information Commissioner’s Office (ICO) has launched the third topic in its FOI toolkit to enable public authorities to self-assess how they deal with vexatious requests. The FOI Act includes a provision that does not oblige a public authority to comply with a request for information if the request is vexatious. That means whether an information request is likely to cause a disproportionate or unjustified level of disruption, irritation or distress. The appropriate use of this provision protects public…