Tag: Platform

Hong Kong Stock Exchange launches settlement platform powered by smart contracts

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Hong Kong Exchanges and Clearing Limited (HKEX), the operator of The Stock Exchange of Hong Kong, Hong Kong Futures Exchange, and London Metal Exchange, is launching a novel equities settlement acceleration platform. Dubbed “Synapse,” the platform will utilize smart contracts in the DAML programming language to streamline post-trade flows and enhance operational efficiencies, according to the October 4 announcement.  Synapse will be deployed on Stock Connect, an HKEX channel that enables international investors to access more than 1,000 Mainland Chinese stocks through routing in Hong Kong. “Average daily turnover of…

Central Bank Group to Launch Data Platform ‘Project Atlas’ for Tracking Crypto Transfers

BIS continues to warn that crypto data can be “manipulated or distorted”. The Bank for International Settlements (BIS) has unveiled a new platform it calls “Project Atlas”. According to the Wednesday announcement, the decentralized finance data platform will play an important role in the future regulation of crypto market participants. In a joint report with the Dutch and German central banks, BIS confirms that Project Atlas, which is merely a proof-of-concept for now, has been used to track significant off-chain international flows between crypto exchanges. Speaking about the project, the…

BIS, EU central banks building data platform to track crypto, DeFi flows

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The Bank of International Settlements (BIS) has developed a proof of concept (PoC) for a system tracking on-chain and off-chain transactions from cryptocurrency exchanges and public blockchains including Bitcoin. Working with the Deutsche Bundesbank, De Nederlandsche Bank, European Central Bank and the Bank of France, BIS has announced a successful PoC called Project Atlas that aims to gauge the macroeconomic relevance of cryptocurrency markets and decentralized finance (DeFi) protocols. The BIS Innovation Hub published details of the concept which aims to provide insights, information and economic implications of the sector,…

BIS Unveils Project Atlas, a Data Platform Mapping Crypto Transfers

“Though relatively small compared with total on-chain network traffic, identified flows between crypto exchanges are significant and substantial economically,” said the study, which initially looked at transactions on the Bitcoin network. “The output of Project Atlas could serve as a starting point for preliminary assessments and inform the drafting of data reporting requirements and regulation of crypto market actors.” Source

Paris Hilton Signs Exclusive Content Deal with X Platform to Feature Live Shopping

The revenue-sharing deal will be beneficial for both Paris Hilton who has 16.6 million followers on X and the social media company whose experience of exclusive content agreement is the first of its kind. Elon Musk‘s social media platform X (formerly Twitter) has signed an exclusive content deal with Paris Hilton and her 11:11 Media company. Within their unique two-year agreement, the pop music star will create four original video programs for the X platform per year. The content will include live-shopping broadcasts, Spaces audio chats, and “a host of new activations…

Indian Crypto Investment Platform Mudrex Expands to Italy

Mudrex has only one million registered users but is one of India’s largest crypto platforms that offer index investing options through sets of coins called Coin Sets as an alternative to speculative trading. This includes small, mid and large cap, BTC and ETH in the broad-based category. The thematic indexes include layer one, layer two, NFT, Metaverse projects and Dow trackers. Source

DeFi Platform Mixin Network Faces $200 Million Crypto Hack

Mixin Network immediately suspended the deposits and withdrawals stating that they would soon announce their decision to deal with the lost assets. Earlier today, the decentralized finance (DeFi) project Mixin Network announced the suspension of all deposits and withdrawals after losing $200 million in crypto assets in a recent hack. The SlowMist team was the first to report this incident. It also noted that the breach happened through a compromise in Mixin’s cloud service database. During the hack, Mixin had $94.48 million worth of Ether (ETH), $23.55 million in Dai…

Uniswap launches educational platform with DoDAO

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On September 21, decentralized exchange (DEX) Uniswap launched an educational platform in conjunction with the blockchain education-focused Do Decentralized Autonomous Organization (DAO). According to the announcement, Uniswap University aims to create a structured learning pathway for onboarding users to its V3 exchange via courses, simulation, and quick guides. Via the platform, users can gain knowledge on topics ranging from “What is a DEX?” to advanced topics such as “Strategy Backtesting Tools.” Meanwhile, simulations such as adding/removing liquidity and exploring advanced position management tools allow users to gain quick practical experience.…

NFT Platform ImmutableX’s IMX Token Rallies

IMX, the native token of non-fungible tokens platform ImmutableX, surged on Thursday, led by South Korean traders. The cryptocurrency rose 35% to 74 cents during Asian trading hours, CoinDesk data show. Major cryptocurrencies like bitcoin (BTC), ether (ETH), XRP and BNB traded 0.5% to 1% lower. The IMX price rally is accompanied by an over 22% increase in the 24-hour global trading volume, which rose to $556 million. The IMX-Korean won (IMX/KRW) pair listed on South Korea’s Upbit exchange accounted for nearly 20% of the global activity, followed by Binance’s…