South Korea’s central bank, Bank of Korea (BOK) which had earlier established a central bank digital currency (CBDC) pilot program, has now announced that it planned to speed up the process by starting to test its digital token from next year onwards. The central bank maintained its original stance that although it was hastening the...Read More
Scaling project SKALE Network, which aimed to ease traffic and lower transaction costs on the Ethereum blockchain, today announced the launch of its Phase 2 mainnet according to a release emailed to AMBCrypto. The mainnet has an estimated capacity of over 1,000 decentralized elastic SKALE chains, each with a throughput of the entire ETH Blockchain...Read More
The International Blockchain Monetary Reserve (IBMR), a microfinance economic development agency, today launched what it claimed to be the world’s first “microequity” exchange – MESE.io. According to a press release sent to AMBCrypto, the platform, which runs on the Algorand blockchain protocol and ChainUP’s cloud exchange technology, will allow users to trade global tech stocks...Read More
Decentralized storage network, Filecoin today announced that it has started its pre-mainnet phase, coined as ‘Mainnet Ignition’ and that the Filecoin community has a “few weeks” left to initialize, set up systems, and optimize deployments. According to the release, Filecoin is expected to launch its mainnet between Oct 19 -23. 3…2…1… Countdown to liftoff! Filecoin...Read More
There have been a lot of difficult events in the world this year: a global pandemic, shelter in place, social unrest, widespread protests and riots, and west coast wildfires. There seems to be additional bad news every day, including recent events regarding Breonna Taylor. On top of that we have a contentious U.S. election on...Read More
Samsung SDS, the IT arm of the South Korean multinational business Samsung group will begin testing a blockchain-powered distribution system that will offer better management of pharmaceutical drugs, according to a local news source, Yakup. The pilot project which is called ‘Disruptive innovation technology for tracking drug distribution history’ will be rolled out in November...Read More
Blockchain-backed, decentralized video platform, Theta Network will collaborate with Chainlink to build a new blockchain-based platform to solve the “multi-billion dollar Ad fraud problem” one that scams people through coin giveaways, the firm said in an announcement today. The project which is currently live on its testnet, uses Google’s Big Data solution, BigQuery, and would...Read More
Blockchain tech company ConsenSys announced that it would work on the second phase of ‘Project Inthanon-LionRock,’ which will allow the firm to design a proof-of-concept for CBDCs. This project was launched in 2019 by the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) to “study the application of a CBDC to cross-border...Read More
U.S Representative of Texas, Congressman Michael Conaway introduced a new bill that, if passed, would offer a way for the U.S Commodity Futures Trading Commission (CFTC) to streamline all state-based regulatory requirements for US-based crypto exchanges, under a single framework, according to a draft of the bill uploaded today. This proposed legislation would build on...Read More
In an attempt to provide more clarity on regulations to crypto firms, European Commission released a document titled The Digital Finance Package that included digital finance and retail payment strategies, according to an announcement today. This would be the first time that the EC has proposed detailed legislation on cryptocurrency assets. The future of finance...Read More
Crypto exchange Kraken’s Chief Security Officer, Nick Percoco, announced the release of four new security enhancements, on the Kraken platform that will be made available to all the exchange’s customers from today. Percoco further detailed the security updates in four different features named: Security Shield, Security Checkup, Device Approvals, and Device Management, with each step...Read More
Cuy Sheffield, senior director and head of crypto at Visa said in a report today that the global payment network, Visa, was advancing its work on its cryptocurrency payment technology and that it would incorporate blockchain tech into its operations. Although the Visa executive did not mention a specific timeline for the project, he added...Read More
Attackers behind the LockBit Bitcoin ransomware have released some of the data stolen from a U.S based firm called Skyline, which organizes trade shows and exhibitions, according to the “Information Leaks” Telegram channel. Media reports did not mention whether the company had paid the ransom to retrieve the data or the funds involved. 182,719 files...Read More
Several crypto firms and DeFi angels have invested in Dune Analytics, a Norway-based, Ethereum data analyzing firm, which raised $2 million in a seed round according to an announcement today. The funding round was led by Dragonfly Capital and other VCs like Multicoin Capital, Hashed, Coinbase Ventures, Alameda Research, Coingecko, and the Digital Currency Group among...Read More
After its initial token launch in June, TrustSwap, a smart contracts payments platform announced in a blog that Chainlink’s Price Reference Data – its decentralized oracle network – had been integrated with TrustSwap’s SmartLock and SmartEscrow products in order to determine fees associated with token-locking services. TrustSwap believed that Chainlink’s ETH/USD price oracle, which sources...Read More
Bank for International Settlements (BIS), which is an international financial institution owned by central banks posted a job announcement today that stated a requirement for a “host” of blockchain experts to join the BIS Innovation Hub. Daydreaming about creating your own currency? Join the #BISInnovationHub, and make it happen #blockchainjobs #cryptojobs #CBDCs #blockchain #DLT https://t.co/5xqatNVt3C...Read More
Germany-based video game company CipSoft has released a game that fully operates on the Litecoin blockchain and does not have a central server according to an announcement published on twitter today. Named LiteBringer, the online role-playing game is similar to CipSoft’s first video game Tibia which involves fantasy characters, difficult quests and rewards. In LiteBringer though,...Read More
U.S Securities and Exchange Commission (SEC) charged a Seattle-based crypto eSports and gambling platform Unikrn for conducting an ‘unregistered’ initial coin offering( ICO) in 2017, which is a violation of the U.S registration laws. According to the release, Unikrn will reportedly pay a $6 million fine and also distribute its assets to injured investors through...Read More
Decentralized data network startup Bluzelle will provide its decentralized storage services to developers who will build on Polkadot’s DeFi ecosystem, a flagship project of the Web3 Foundation, according to a press release shared with AMBCrypto today. Furthermore, Bluzelle’s distributed storage project will integrate with Parity’s Substrate framework as well. As per the release, Polkadot’s integration...Read More
Co-founder and CEO of Coinbase, Brian Armstrong recently shared, in a twitter thread his thoughts on Apple’s App Store restrictions that do not allow iOS users to earn money using cryptocurrency. The CEO also made claims that Apple told Coinbase that it was ’not appropriate’ for the App Store to allow iOS customers to use...Read More
Ethereum Classic Labs today announced a collaboration with cloud software solutions provider Storj Labs’s to increase the syncing performance of an Ethereum Classic node in a trustless manner using Storj’s blockchain-based cloud service, Tardigrade. ETC Core development team members believed that this partnership with Storj would also allow clients to take ownership of their data...Read More
Bitstamp today announced implementation of Nasdaq Market Technology’s order matching engine, making it the first major fiat to crypto exchange with a matching engine that will be on par with traditional exchanges. .@Bitstamp just announced their successful implementation of @Nasdaq matching technology. With Nasdaq’s scalable and robust solution, Bitstamp can continue to bolster their capacity,...Read More
Ethereum Classic Labs (ETC) announced a partnership with the blockchain analysis company, Chainalysis to offer Chainalysis KYT (Know Your Transaction) that would help cryptocurrency businesses comply with local and global regulations. With regard to this partnership, Chainalysis said it would also offer the ETC Labs startups, projects, and grantees access to Chainalysis subject matter experts...Read More
In a recent announcement today, the widely-used stablecoin tether (USDt) will be launched on Solana, a high-speed blockchain network. This would be the first time a stablecoin has been integrated with Solana and this move will now allow tether holders to exchange their USDt stablecoins at speeds greater than 50,000 transactions per second on the...Read More
Global financial services company, Mastercard launched a Central Bank Digital Currencies (CBDCs) virtual and custom ‘testing’ platform, for central banks to evaluate use cases of national digital currencies and even simulate a CBDC ecosystem, a release stated today. Moreover, Mastercard has called for global partnerships with central banks, commercial banks, and tech and advisory firms...Read More
New York-based blockchain investment firm Coinfund has invested an undisclosed amount in Rarible, a platform to trade liquid intellectual properties and any digital content with licensing via Non Fungible Tokens (NFT). Coinfund’s funding is supposed to help Rarible develop a community-governed, blockchain-based NFT marketplace that would enable it to create a direct relationship between digital...Read More
San Francisco-based crypto lending and staking platform, Cred announced today that it has joined Visa’s Fast Track program, which according to the firm would speed-up the process of eventually integrating with Visa, a global payment tech company. According to co-founder and CEO of Cred, Dan Schatt, the firm’s acceptance into Visa’s program would allow Cred...Read More
Austrian-based Bitcoin tax software developer Blockpit, announced acquisition of its German competitor CryptoTax, a tax compliance website, today. Both companies were founded in 2017, to provide legally compliant tax reports and taxable profits from trading with cryptocurrencies and the firms saw this merger as a midterm plan to internationalize company standards and expand into the US...Read More
European cryptocurrency exchange ETERBASE announced in a tweet today that the exchange had been hacked and its hot wallets were compromised, which has lead to the loss of several cryptocurrencies. The crypto exchange said that it has contacted all other centralized exchanges that might be receiving these illicit funds stolen during the hack and were...Read More
Argentina’s official immigration agency suffered a ransomware attack with hackers demanding $4 million in Bitcoin, according to reports. The immigration agency otherwise known as the Dirección Nacional de Migraciones (DNM) suspended border crossings for four hours until officials revived the systems again from the attack, according to local reports. The cyberattack was first reported by...Read More
