Tag: Launches

Oman launches $350M crypto mining center: Report

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The Sultanate of Oman has launched a new cryptocurrency mining center, the second mining facility to open in the country in the past 10 months. According to a local publication, the Oman Daily Observer, a data hosting and cryptocurrency mining center, was opened in the Salalah Free Zone, which is a special economic zone in the country with low corporate taxes. A local company, Exahertz, will run the center in cooperation with Dubai-headquartered blockchain company Moonwalk Systems. The center reportedly cost 135 million Omani rials (roughly $350 million) to construct, and…

FIBA launches NFT collection for Basketball World Cup

The International Basketball Federation (FIBA) has teamed up with a web3 SaaS platform Venly to introduce a series of distinctive digital collectibles. Directing attention to the host nations – Japan, Philippines, and Indonesia – the digital keepsakes seek to represent the essence of the event and will be launched on Aug. 21. Several distinct offerings The non-fungible token (NFT) collection would include four distinct offerings, each of which caters to the interests of both basketball fans and collectors, a representative of the company shared with crypto.news. The “Fan’s Frenzy” is…

Astar Foundation launches Polkadot’s Relayers Incubator program

The Astar Foundation has announced the launch of its Polkadot Relayers Incubator 2023, to amplify the potential of builders in Polkadot. Polkadot’s Relayers Incubator program  The Polkadot Relayers Incubator 2023 is focused on skill development and community engagement. The program is for start-ups and early-stage developers by creating a community that encourages creativity. Participants will receive dedicated mentorship and community support from seven specialized parachains teams in Polkadot’s ecosystem. Aside from bringing together a diverse group of talented individuals to catalyze decentralized finance (defi) development, the incubator would offer a range of tracks that…

Curve Finance to reimburse users, another DeFi hack, and ConsenSys launches L2: 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. Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims that it is assessing each impacted user for reimbursement. This comes after the exploiter returned 73% of the stolen funds. The DeFi ecosystem moved beyond the Curve dilemma only to face another set of exploits this past week, with Zunami Protocol seeing its stablecoins pools…

LiFi launches multi-bridge governance solution after Uniswap debate

Multichain bridging protocol LiFi has launched a multi-message aggregator for decentralized autonomous organization (DAO) governance, according to an Aug. 17 announcement from LiFi research lead Arjun Chand. If implemented by decentralized exchanges, lending apps, and other Web3 protocols, the new aggregator should help prevent governance attacks that originate from cross-chain bridges, according to the aggregator’s documentation. The announcement comes after a vigorous debate over bridge security on the Uniswap forums in late January and early February, concluding that no single bridge has all the security features necessary for secure governance.…

Mexican crypto exchange Bitso launches international service

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Mexican crypto exchange, Bitso, will launch an international payments service. The main aim of the new service is to connect the Latin American region with the rest of the world. It will allow companies to send and receive international payments in cryptocurrencies, fiat money and stablecoins. “With this launch, we seek to boost the economies of our region, by facilitating operations between countries and opening trade corridors that increase the development and prosperity of Latin…

Bitcoin Frontier Fund launches accelerator program for Ordinals startups

The Bitcoin Frontier Fund, formerly Stacks Ventures, launched what it’s calling the first Bitcoin Ordinals accelerator program on Aug. 14. Program Information This program is led by VC @TO & is a 4-month program for builders to raise funding, connect with mentors, & be guided by the best in the industry (sneak peak below). It will help with co-founder relationships, mentors & advisors, fundraising & pitching. pic.twitter.com/MSykk2l7Dl — Bitcoin Frontier Fund (@BTCFrontierFund) August 14, 2023 According to the program’s website, the Bitcoin Frontier Fund is offering seed money to startups innovating…

SEC to appeal Ripple’s victory, Binance aims for growth, PayPal launches stablecoin

Amid ongoing regulatory efforts, the U.S. Securities and Exchange Commission (SEC) is poised to contest Ripple’s recent victory. Binance captures attention with ambitious growth moves, while PayPal introduces its very own stablecoin.  Greater scrutiny in the U.S. This week, government agencies sought to establish clarity. The Federal Reserve introduced an innovative endeavor aimed at overseeing cryptocurrency operations within banking institutions. The Novel Activities Supervision program will diligently track activities pertaining to cryptocurrencies, encompassing trading and lending, with a particular emphasis on enhancing the security of stablecoins. The SEC deferred its…