Tag: Platform

Standard Chartered-owned crypto platform Zodia launches in Hong Kong

Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong. Zodia Custody is launching services in Hong Kong in response to growing demand for crypto from institutions, Zodia CEO Julian Sawyer said, according to a CNBC report on Oct. 29. According to Sawyer, the crypto demand in Hong Kong is mainly driven by institutional investors rather than retail customers, ideally matching Zodia’s crypto custody offering. He also mentioned that Hong Kong’s…

Floki up 13% as devs launch RWA platform

Memecoin Floki Inu saw considerable gains within a week ahead of a real-world asset (RWA) platform release built by the project’s developers and a new native asset dubbed TOKEN. Users will be able to create cryptocurrencies without technical know-how through Floki’s TokenFi website, according to the team. The platform designed for tokenized RWAs went live on Oct. 27 around 3 p.m. UTC.  DWF Labs was announced as the official market maker as the platform rolled out on five major chains for decentralized finance (DeFi) namely Arbitrum, Base, BNB Chain, Ethereum…

Ripple announces new partnership with global Web3 platform Uphold

In a press release dated Oct. 24, Ripple, the blockchain-based digital payment network, announced its partnership with Uphold. The partnership is said to provide Ripple with improved crypto liquidity capabilities. Preparing for what the future holds As part of the press release, Uphold Chief Executive Officer Simon McLoughlin expressed his enthusiasm for being a vital contributor to Ripple’s service for businesses engaged in cross-border payments.  Uphold’s platform boasts an automated, high-frequency trading stack that integrates with 30 underlying trading venues, which in turn enables the provision of deep liquidity, multiple transaction…

Circle to launch new smart contract platform

Circle has announced the launch of two new products enabling web2 developers to create and deploy decentralized applications easily. The Circle Gas Station and Circle Smart Contract Platform products will provide developers a way to access USDC balances and transactions on multiple blockchain networks. The product will support multiple blockchain networks, including Ethereum (ETH), Solana (SOL), Algorand, Stellar, and others, allowing developers to choose the best fit for their use cases. The product will also enable cross-chain interoperability and composability, enabling dapps to interact with each other and existing protocols…

Circle launches Web3 development platform for Web2 developers

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Stablecoin issuer Circle has launched a new tool that it says will allow developers to “remove the complexity” of building Web3 apps, according to an announcement and accompanying social media post on October 19. Called “Smart Contract Platform,” the new tool allows developers to deploy smart contracts using a set of pre-vetted code templates and either a console or REST APIs, making it potentially easier for traditional Web2 programmers to use. Circle also released a Gas Station tool that lets developers pay for their users’ gas fees, which they claim…

Dev platform Stack Overflow axes 28% of staff as AI competition grows

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Developer and programmer platform Stack Overflow is cutting the company’s headcount by approximately 28% amid a rise in the popularity of artificial intelligence (AI) chatbots.  On Oct. 16, Stack Overflow CEO, Prashanth Chandrasekar, made the announcement citing the challenges of macroeconomic pressures impacting the entire tech industry. The firm is on a “path to profitability” and “continued product innovation,” said Chandrasekar who added, “This year we took many steps to spend less.” Stack Overflow is a 15-year-old tech-focused question-and-answer forum for millions of developers, coders, and enthusiasts. It doubled its…

Crypto yield platform Haru Invest to suspend server

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Troubled cryptocurrency platform Haru Invest plans to suspend its server a few months after halting withdrawals in June 2023. Haru Invest is thinking of shutting down its server in order to reduce the server maintenance costs of services, the company’s CEO Hugo Lee announced on Oct. 16. The CEO emphasized that the server maintenance cost accounts for the “largest percentage of fixed costs” at Haru Invest and is a priority for the firm. “We plan to suspend the service in a few weeks, backing up all member information,” Lee stated…