Tag: Launches

Polygon launches its much-anticipated zkEVM

Finally, Polygon launched Polygon Hermes, their layer-2 zkEVM network. For decentralized applications (dapps) created on the Ethereum (ETH) network, this network intends to offer fast, affordable, and secure transactions. A version of the Ethereum Virtual Machine called the zkEVM uses zero-knowledge proof (ZKP). Smart contract computation over a layer-2 network is made private and safe, thanks to this. As a result, the pressure on the Ethereum mainnet is reduced, transactions are processed faster, and prices are lower thanks to the Polygon Hermes network’s ability to execute transactions off-chain. In addition…

Polygon zkEVM Beta Launches on Mainnet, Buterin to Initiate Inaugural Transaction

According to reports, the Polygon zkEVM Mainnet Beta offers lower gas fees and could see wider adoption of Ethereum scaling technology.  The Polygon zkEVM Mainnet Beta went live on Monday, March 27th, facilitating the deployment of smart contracts with increased finality and reduced costs. The release of the zero-knowledge Ethereum Virtual Machine beta to the public comes days after rival Matter Labs released its own zkEVM. One of the main attractions of the Polygon zkEVM Mainnet Beta is its lower gas fees for decentralized app (dApp) users. These reduced costs could spur…

German Dwpbank Launches New Platform to Offer Bitcoin Trading to Over 1,200 Affiliated Banks

It is expected that Dwpbank’s move will put pressure on other German banks and financial institutions in the country. Deutsche WertpapierService Bank (Dwpbank), has launched a new platform called wpNex. The securities processing giant announced the launch via a recent press release on the new platform. According to the release, wpNex by Dwpbank will accommodate its over 1,200 affiliated banks and will allow them to offer Bitcoin (BTC) trading to their customers in the second half of this year. Dwpbank Aims to Integrate Bitcoin Trading into Users’ Online Banking Experience…

Crypto exchange Binance launches new regional hub in Georgia

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Cryptocurrency exchange Binance continues expanding its global reach by setting up a new blockchain hub in crypto-friendly Georgia. On March 26, Binance announced the opening of its brand-new blockchain hub in Georgia, aiming to promote further adoption of crypto in the country. Referring to the hub as a “Web3 outpost,” Binance intends to attract talent to the Georgian blockchain sector, promote industry education and create more job opportunities. According to the announcement, Binance’s Georgia division currently employs 25 people cooperating with the local public and private sectors to organize educational and hackathon…

Dwpbank launches wpNex platform for bitcoin trading via affiliated banks

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Deutsche WertpapierService Bank AG has launched the wpNex platform enabling affiliated banks to offer bitcoin (BTC) trading to retail clients. Deutsche WertpapierService Bank AG enables bitcoin trading for banks Deutsche WertpapierService Bank AG (dwpbank), a key German player in the securities exchange controlling more than 5.3m securities accounts, on Mar. 22, launched wpNex. This new platform enables more than 1,200 affiliated banks to allow bitcoin (BTC) trading to their retail clients. Deutsche Wertpapier Service Bank AG (dwpbank) owns approximately 1,200 German banks. dwpbank announced with its new platform, wpNex, which…

Binance launches internal investigation following KYC bypass rumors

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A recent article surfaced alleging that Binance employees and volunteers were assisting Chinese users on how to bypass Know Your Customer (KYC) and other security protocols.  However, speaking to Cointelegraph a spokesperson from Binance clarified that employees are “explicitly forbidden” from supporting users in circumventing any laws or policies. The spokesperson also said the company is taking action following the recent allegations. “We have launched an investigation into employees who may have violated our internal policies including wrongly soliciting or making recommendations that are not allowed or in line with…

zkSync Era launches with Uniswap and Sushi — First zkEVM on mainnet

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Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker and Curve, are set to launch March 24 on zero-knowledge proof roll-up zkSync Era. The Ethereum layer 2 scaling network has finally opened to users in alpha after four years in development, enabling faster and cheaper transactions. It is the first Ethereum Virtual Machine compatible zk-Rollup to launch on mainnet (competitor StarkWare uses a bespoke language called Cairo), allowing most Ethereum DApps to simply port over with very few changes. Between 32 to 50 projects are expected to go live…

Texas Lawmaker Launches Resolution to Protect Bitcoin Investors, Support BTC Economy – Regulation Bitcoin News

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A legislative proposal has been introduced to support the bitcoin economy in the U.S. state of Texas. “The individuals who own bitcoin should be protected” under the Texas Constitution, the proposal describes. “No citizen of Texas shall ever be deprived of their right to own bitcoin and that all bitcoin owners will be protected as they enjoy all the privileges associated with the cryptocurrency.” Resolution to Support Bitcoin Economy A legislative proposal called House Concurrent Resolution 89 (HCR89), which expresses support for the bitcoin economy in Texas, was introduced in…

Bitwise launches new bitcoin-linked ETF

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Bitwise has launched the Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) to offer long-term investors regulated exposure to bitcoin (BTC). The US Securities and Exchange Commission (SEC) has not approved any spot bitcoin ETF.  Barely four months after signaling plans to expand its fund offerings and assembling its active strategies team of industry experts led by Jeffrey Park, Bitwise, one of the world’s largest crypto asset managers, has launched a new type of bitcoin futures ETF dubbed the Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). Per a press release by…

Magic Eden Launches Bitcoin Ordinals NFT Marketplace

Magic Eden is not the first to ride the Ordinals NFT wave. ORDX and Generative, launched in February, are two of the first Ordinals NFT marketplaces. Non-fungible token (NFT) marketplace Magic Eden is set to launch a fully audited Bitcoin NFT marketplace. This comes as Bitcoin-based Ordinals NFTs become increasingly popular. The platform will enable traders to purchase inscriptions – NFTs minted on Bitcoin’s satoshis. To facilitate the selling, buying and listing of Ordinals NFTs, Magic Eden is working on integrating support for Bitcoin wallets Hiro and Xverse. Jack Lu,…