Tag: Launches

Binance Futures launches perpetual contract with 50x leverage

Binance Futures, a prominent player in the cryptocurrency sector, is poised to enhance its offerings with the introduction of a new product. As of Oct. 15, Binance Futures has enabled crypto traders to tap into a new financial instrument, which allows for trading leverage up to a reported 50 times. According to Binance, the BOND/USDT Perpetual Contract, backed by the BarnBridge (BOND) token as its underlying asset and having Tether (USDT) as its settlement asset, presents a new opportunity for crypto enthusiasts. It operates 24/7, ensuring continuous trading availability for…

Tencent launches credit solution for digital yuan

WeChat operator, Tencent, announced the launch of a new digital yuan smart contract enterprise credit solution platform. The new platform aims to bring a more convenient and efficient financing service for small and medium-sized enterprises. The project will use the digital yuan as the payment tool for companies that utilize the new platform. The new solution will imply the Tencent Blockchain platform technology, a scalable blockchain infrastructure that supports various applications and scenarios. The new initiative will combine elements such as the smart contract engine, the digital yuan wallet, and…

European regulators assess DeFi risks, Uniswap launches Android wallet: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. In this week’s newsletter, European securities regulators have published a report on the DeFi ecosystem that lists the risks it poses to the European Union’s financial system — but also highlights the benefits of DeFi. Uniswap has launched Android wallet beta on Google Play, with the app gaining popularity among desktop and Apple iOS users. DeFi platform Star Arena recovered 90% of…

China Launches Its First Industrial Park for Digital Yuan CBDC Development

Currently, there are nine residents of the park. All of them will get access to ten government initiatives introduced to “boost the development” of the digital yuan ecosystem. The initiatives include payment solutions, smart contracts, hard wallets, and digital yuan promotion. The first industrial park has been opened in the Luohu district of Shenzhen, China, with a focus on developing China’s Central Bank Digital Currency (CBDC) – digital yuan or e-CNY. The official launching ceremony of the park was held on October 11. As was revealed by Shu Yumin, the Communist…

Largest DEX Uniswap Launches Beta Wallet App for Android on Google Play Store

The freshly introduced Uniswap Android beta app offers a feature that enables users to choose coins from various blockchains without the need to manually switch networks. On Thursday, October 12, decentralized crypto exchange Uniswap unveiled a closed beta Android version of its wallet app. This is the first time that Uniswap is bringing an application interface for users. So far, it was only available on the PC and iOS mobile devices. Uniswap stands as the leading decentralized cryptocurrency exchange globally in terms of cumulative trading volume, having facilitated over $1.7…

Scroll zkEVM Launches, Blockchain Data Shows, Competing With Polygon, Matter Labs

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Character.AI Launches Group Chat for Users to Converse with Multiple AI Companions

Users subscribed to Character.AI’s $10 plan can now access the group chat for feedback and improvements, before public release. Chatbot startup Character.AI is launching a new group chat feature for subscribers. The firm, backed by venture capital giant Andreessen Horowitz (a16z), has introduced a group chat where the app’s users and friends can simultaneously converse with multiple AI characters. Character Group Chat Helps Users Collaborate with AI Character.AI is a chatbot platform that allows users to customize AI companions with specific personalities. The new Character Group Chat lets users start…

CoinMarketCap launches ChatGPT plugin

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Crypto data aggregator CoinMarketCap, owned by crypto exchange Binance, has created a novel plugin for the large-language model (LLM)-based AI chatbot ChatGPT. According to the Oct. 11 announcement, users can access the feature by signing in to their ChatGPT Plus account and simply enabling the plugin, allowing them to ask the LLM a variety of crypto-related questions. There is no additional fee to use the plugin, aside from the $20-per-month subscription fee for ChatGPT Plus. “The base ChatGPT has limited use to crypto enthusiasts, as data is mostly restricted up…

Klarna Launches AI Tool to Help Users Identify Items for Purchase

The tool will use AI to provide users with information on goods around them through the Klarna app by simply pointing their phones at items. Swedish fintech startup Klarna has launched an image recognition tool powered by artificial intelligence (AI). Using AI, Klarna wants to help people identify goods they would like to purchase. The new AI feature on the Klarna app allows users to point their phones at products to find information about similar items via the Klarna app. Klarna launched the feature on Wednesday. Speaking to CNBC, Klarna Chief Marketing…

Binance Launches Self-Trade Prevention Feature for Spot and Margin Trading

It’s important to note that Binance strictly prohibits intentional self-trading on the platform, categorizing it as a form of market manipulation. Leading global cryptocurrency exchange Binance is set to roll out its self-trade prevention (STP) feature to help users reduce unnecessary self-executed orders and related transaction fees. The exchange said the tool primarily caters to application programming interface (API) traders who use automated trading programs with its trading engine. According to an official announcement on October 11, this new functionality will be available to all users engaged in spot and…