BNB Chain to boost European Web3 startups with DApp incubator program
BNB Chain, the blockchain of the #Binance crypto exchange launched its latest development-focused initiative, which targets European developers building and scaling decentralized applications (#DApps) on the network.
The three-week virtual “innovation incubator” program focuses on Web3 startups with at least one key member based in the European Union (EU). Those accepted into the program receive mentorship from industry experts and BNB Chain specialists on tokenomics design and Web3 marketing strategies.
The incubator will host exclusive meet-ups in cities across the continent, such as Lisbon, Paris, Berlin, Barcelona, Warsaw and London.
BNB Chain, the blockchain of the #Binance crypto exchange launched its latest development-focused initiative, which targets European developers building and scaling decentralized applications (#DApps) on the network.
The three-week virtual “innovation incubator” program focuses on Web3 startups with at least one key member based in the European Union (EU). Those accepted into the program receive mentorship from industry experts and BNB Chain specialists on tokenomics design and Web3 marketing strategies.
The incubator will host exclusive meet-ups in cities across the continent, such as Lisbon, Paris, Berlin, Barcelona, Warsaw and London.
Crypto exchange giant Coinbase gets Singapore licence
Coinbase, the largest crypto exchange in the United States, says it has received approval from Singapore's central bank to offer payment services .
The in-principle approval, which the central bank started giving out to crypto firms last year, means that individuals and institutions can use digital payment token services and the firms are regulated by the central bank under its Payment Services Act.
Calling it a "significant milestone", Coinbase said in a statement that it has been building up its presence in Singapore and currently has nearly 100 employees in the Republic, with product engineers forming the largest bulk of hires.
Coinbase, the largest crypto exchange in the United States, says it has received approval from Singapore's central bank to offer payment services .
The in-principle approval, which the central bank started giving out to crypto firms last year, means that individuals and institutions can use digital payment token services and the firms are regulated by the central bank under its Payment Services Act.
Calling it a "significant milestone", Coinbase said in a statement that it has been building up its presence in Singapore and currently has nearly 100 employees in the Republic, with product engineers forming the largest bulk of hires.
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner
As the Web3 industry matures, Zero-knowledge Know Your Customer (zkKYC) is becoming more widely discussed as a means to comply with strict financial regulations while maintaining user privacy, according to the partner of a venture capital firm.
In an interview with Cointelegraph, John Henderson, partner at Australian-based venture capital firm Airtree Ventures said the successful implementation of a zkKYC system would be “great news for both regulators and consumers” and could increase cryptocurrency adoption:
“Institutions and retail users are more likely to participate in #DeFi if they can be confident that they are complying with their AML/CTF obligations.”
As the Web3 industry matures, Zero-knowledge Know Your Customer (zkKYC) is becoming more widely discussed as a means to comply with strict financial regulations while maintaining user privacy, according to the partner of a venture capital firm.
In an interview with Cointelegraph, John Henderson, partner at Australian-based venture capital firm Airtree Ventures said the successful implementation of a zkKYC system would be “great news for both regulators and consumers” and could increase cryptocurrency adoption:
“Institutions and retail users are more likely to participate in #DeFi if they can be confident that they are complying with their AML/CTF obligations.”
JPMorgan and Visa link blockchain payment networks
JPMorgan Chase and Visa are to establish connectivity between their global private blockchain networks, Liink and B2B Connect.
Under the collaboration Visa B2B Connect will utilise Confirm, a new tool from Liink to validate new accounts for cross border payments and to approve accounts when new users onboard.
Confirm allows institutions to safely validate account information prior to sending a payment, ensuring fewer payment returns due to missing or incorrect information, and mitigating against fraudulent activity by pre-validating account information so participants know beforehand if the instructed beneficiary matches the owner of the account they are paying.
JPMorgan Chase and Visa are to establish connectivity between their global private blockchain networks, Liink and B2B Connect.
Under the collaboration Visa B2B Connect will utilise Confirm, a new tool from Liink to validate new accounts for cross border payments and to approve accounts when new users onboard.
Confirm allows institutions to safely validate account information prior to sending a payment, ensuring fewer payment returns due to missing or incorrect information, and mitigating against fraudulent activity by pre-validating account information so participants know beforehand if the instructed beneficiary matches the owner of the account they are paying.
AshSwap, The First Asian-Based Elrond Project, To Be Launched On Maiar Launchpad
Among Southeast Asian countries, Vietnam has been ranked first in cryptocurrency adoption for two years in a row with more than 21% of consumers having purchasing power in crypto. Blockchain-based gaming and infrastructure projects lead the development and adoption across the country, predicting a new stage for Vietnam’s economy.
Until now, the Elrond blockchain has not gained popularity in Southeast Asia. But this situation can change with the launch of AshSwap, the first stable-swap on #Elrond. Based in Vietnam, AshSwap is strategically located to onboard more community members to the ecosystem and become a leading force behind the blockchain’s growth.
Among Southeast Asian countries, Vietnam has been ranked first in cryptocurrency adoption for two years in a row with more than 21% of consumers having purchasing power in crypto. Blockchain-based gaming and infrastructure projects lead the development and adoption across the country, predicting a new stage for Vietnam’s economy.
Until now, the Elrond blockchain has not gained popularity in Southeast Asia. But this situation can change with the launch of AshSwap, the first stable-swap on #Elrond. Based in Vietnam, AshSwap is strategically located to onboard more community members to the ecosystem and become a leading force behind the blockchain’s growth.
Solana Network Woes Exacerbated by NFT Airdrop Malware Threat
The problems facing the Solana network and investors in its #SOL coin are deepening as a new strain of malware has become the latest threat.
Users of Solana’s #Phantom wallet have been targeted by malware that attempts to dupe them into installing an update.
According to recent reports, malicious actors are airdropping NFTs to Solana wallet users that imitate alerts for a new Phantom security update. If installed, the data-stealing malware could result in theft from crypto wallets.
The problems facing the Solana network and investors in its #SOL coin are deepening as a new strain of malware has become the latest threat.
Users of Solana’s #Phantom wallet have been targeted by malware that attempts to dupe them into installing an update.
According to recent reports, malicious actors are airdropping NFTs to Solana wallet users that imitate alerts for a new Phantom security update. If installed, the data-stealing malware could result in theft from crypto wallets.
Ripple boss tips when SEC case will end as Hoskinson hits back at XRP army
According to Ripple CEO Brad Garlinghouse, the long-drawn-out battle between #Ripple and the U.S. Securities and Exchange Commission is nearing its conclusion — but it could still take many months.
The native token #XRP has been on a tear over the past month thanks to increased speculation about a successful resolution to the case before the end of the year.
On Oct. 11, Garlinghouse told panelists at the DC Fintech Week conference that he expects the case against his firm to come to a conclusion in the first half of 2023 but admitted that it was hard to predict.
According to Ripple CEO Brad Garlinghouse, the long-drawn-out battle between #Ripple and the U.S. Securities and Exchange Commission is nearing its conclusion — but it could still take many months.
The native token #XRP has been on a tear over the past month thanks to increased speculation about a successful resolution to the case before the end of the year.
On Oct. 11, Garlinghouse told panelists at the DC Fintech Week conference that he expects the case against his firm to come to a conclusion in the first half of 2023 but admitted that it was hard to predict.
SushiSwap Head Chef Drama Reaches New Heights
SushiSwap was hoping for a period of stability after the election of Jared Grey as head chef. However, the decentralized exchange found itself in the eye of a storm after extraordinary allegations were made against its new head chef.
Jared Grey has been accused of scamming multiple crypto investors, an allegation he describes as 100% untrue.
SushiSwap was hoping for a period of stability after the election of Jared Grey as head chef. However, the decentralized exchange found itself in the eye of a storm after extraordinary allegations were made against its new head chef.
Jared Grey has been accused of scamming multiple crypto investors, an allegation he describes as 100% untrue.
Avalanche Officially Listed on Gemini; Inbound Transfer Opens
The listing will make Avalanche more accessible to a broader range of users. On or after October 11 at 9 AM EST for deposits and October 12 at 10 AM EST for trading, the markets for #AVAX on Gemini are anticipated to open on a rolling basis for the AVAX/USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.
The listing will make Avalanche more accessible to a broader range of users. On or after October 11 at 9 AM EST for deposits and October 12 at 10 AM EST for trading, the markets for #AVAX on Gemini are anticipated to open on a rolling basis for the AVAX/USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.
CoinDigest
Avalanche Officially Listed on Gemini; Inbound Transfer Opens The listing will make Avalanche more accessible to a broader range of users. On or after October 11 at 9 AM EST for deposits and October 12 at 10 AM EST for trading, the markets for #AVAX on Gemini…
Winklevoss twins launch crypto asset trading platform in Ireland
Gemini Payments, a popular cryptoasset trading platform founded by Cameron and Tyler Winklevoss, officially launched in Ireland on Wednesday after becoming the first company to receive secure virtual asset service provider registration from the Central Bank of Ireland during the summer.
Gemini, which also holds a European e-money licence, allows customers to buy, sell and hold cryptoassets such as Bitcoin and Ether and digital non-fungible tokens (NFTs).
Gemini Payments, a popular cryptoasset trading platform founded by Cameron and Tyler Winklevoss, officially launched in Ireland on Wednesday after becoming the first company to receive secure virtual asset service provider registration from the Central Bank of Ireland during the summer.
Gemini, which also holds a European e-money licence, allows customers to buy, sell and hold cryptoassets such as Bitcoin and Ether and digital non-fungible tokens (NFTs).
Google Cloud and Coinbase partner to “better serve the growing Web3 ecosystem”
Google Cloud and cryptocurrency exchange Coinbase have announced a long-term partnership that aims to use one another’s services to bolster their #Web3 ambitions.[...]
Google Cloud will use Coinbase Commerce – which allows merchants to accept cryptocurrency payments in a decentralised approach – to offer a new benefit to its customers by diversifying the payment experience and increasing the optionality of its cloud services.
Google Cloud and cryptocurrency exchange Coinbase have announced a long-term partnership that aims to use one another’s services to bolster their #Web3 ambitions.[...]
Google Cloud will use Coinbase Commerce – which allows merchants to accept cryptocurrency payments in a decentralised approach – to offer a new benefit to its customers by diversifying the payment experience and increasing the optionality of its cloud services.
Stellar Network Launches $100M Fund To Support Smart Contracts
Stellar Development Foundation, the organization supporting the development of the Stellar Network, has announced a new funding initiative, encouraging developers to build on the Soroban smart contract platform.
The Soroban Adoption Fund will incentivize developers to build products on the new native smart contract platform.
Stellar Development Foundation, the organization supporting the development of the Stellar Network, has announced a new funding initiative, encouraging developers to build on the Soroban smart contract platform.
The Soroban Adoption Fund will incentivize developers to build products on the new native smart contract platform.
Leading Luxury Fashion Metaverse Group, ALTAVA, Announces Three New Features & Two Tier 1 Listings, Further Strengthening its TAVA Token
Metaverse fashion brand, ALTAVA Group has announced its successful listing on two tier 1 exchanges, Huobi Global and Bithumb. The listing positions the TAVA token at $1 billion USD in diluted market cap according to the top two listing trackers; Coinmarketcap and Coin Gecko.
Despite the current bear market, the #TAVA token and its Second Skin #NFT continue to perform relatively well, while the Second Skin NFT sees its current floor price on Open Seas at double that of its initial floor price. In a bid to further strengthen the value of its TAVA token, ALTAVA plans to launch 3 key features: ALTAVA Market, ALTAVA C2E, and ALTAVA DeFi.
Metaverse fashion brand, ALTAVA Group has announced its successful listing on two tier 1 exchanges, Huobi Global and Bithumb. The listing positions the TAVA token at $1 billion USD in diluted market cap according to the top two listing trackers; Coinmarketcap and Coin Gecko.
Despite the current bear market, the #TAVA token and its Second Skin #NFT continue to perform relatively well, while the Second Skin NFT sees its current floor price on Open Seas at double that of its initial floor price. In a bid to further strengthen the value of its TAVA token, ALTAVA plans to launch 3 key features: ALTAVA Market, ALTAVA C2E, and ALTAVA DeFi.
China's digital currency passes 100 bln yuan in spending - PBOC
Transactions using China's digital yuan surpassed 100 billion yuan ($13.9 billion) as of Aug. 31, China's central bank said on Wednesday, as the country continues its roll-out of a central bank digital currency.
The spending involved 360 million transactions in pilot areas in 15 provinces and municipalities, the People's Bank of China (#PBOC) said, adding that more than 5.6 million merchants could now accept payments with the digital currency.
Transactions using China's digital yuan surpassed 100 billion yuan ($13.9 billion) as of Aug. 31, China's central bank said on Wednesday, as the country continues its roll-out of a central bank digital currency.
The spending involved 360 million transactions in pilot areas in 15 provinces and municipalities, the People's Bank of China (#PBOC) said, adding that more than 5.6 million merchants could now accept payments with the digital currency.
Former NYDFS Regulator Matthew Homer Joins Standard Custody & Trust Co. Board of Directors
Digital asset custodian, Standard Custody & Trust Co., a subsidiary of PolySign, today announced the appointment of Matthew Homer to its board of directors. Homer joins a distinguished group of leaders from both traditional and decentralized finance who are supporting Standard Custody in building out the infrastructure required for the future of institutional digital assets.
Homer was the inaugural Executive Deputy Superintendent for the Research and Innovation Division at the New York Department of Financial Services (#NYDFS), where his responsibilities included cryptocurrency and digital assets.
Digital asset custodian, Standard Custody & Trust Co., a subsidiary of PolySign, today announced the appointment of Matthew Homer to its board of directors. Homer joins a distinguished group of leaders from both traditional and decentralized finance who are supporting Standard Custody in building out the infrastructure required for the future of institutional digital assets.
Homer was the inaugural Executive Deputy Superintendent for the Research and Innovation Division at the New York Department of Financial Services (#NYDFS), where his responsibilities included cryptocurrency and digital assets.
Offchain Labs acquires Ethereum core dev team Prysmatic Labs
Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations.
One of the core development teams behind the Ethereum (ETH) Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of Ethereum layer-2 network Arbitrum.
Announced in an Oct. 13 blog post by Offchain Labs, the deal's financial terms were not disclosed, but it was noted Prysmatic Labs chose to join Offchain Labs "for many reasons," but mainly because of the two companies' alignment in their core beliefs.
Through the deal, Offchain Labs hopes to build a sustainable future for Ethereum, through greater communication between teams developing on both layers and direct collaborations.
One of the core development teams behind the Ethereum (ETH) Merge, Prysmatic Labs, has been acquired by Offchain Labs, the developer of Ethereum layer-2 network Arbitrum.
Announced in an Oct. 13 blog post by Offchain Labs, the deal's financial terms were not disclosed, but it was noted Prysmatic Labs chose to join Offchain Labs "for many reasons," but mainly because of the two companies' alignment in their core beliefs.
New crypto accounting guidelines could ‘smooth the way’ for adoption
Another step has been taken on the path to use fair-value accounting for the reporting of crypto assets in the United States.
The United States Financial Accounting Standards Board’s (FASB) decision to allow companies to use “fair value” to account for their crypto holdings could be seen as another step toward the wider institutional adoption of cryptocurrency.
During a meeting on Oct. 12, the FASB board made the decision to require entities to measure crypto assets at “fair value.”
Another step has been taken on the path to use fair-value accounting for the reporting of crypto assets in the United States.
The United States Financial Accounting Standards Board’s (FASB) decision to allow companies to use “fair value” to account for their crypto holdings could be seen as another step toward the wider institutional adoption of cryptocurrency.
During a meeting on Oct. 12, the FASB board made the decision to require entities to measure crypto assets at “fair value.”
Uniswap Labs Raises $165M Amid Lessened VC Crypto Funding
Uniswap Labs, the firm behind popular decentralized exchange Uniswap, has raised $165 million in a Series B funding round led by Polychain Capital.
The latest financing event valued #Uniswap Labs at $1.66 billion, the company said, and saw participation from long-term investors in the firm such as a16z crypto, Paradigm, SV Angel, and Variant.
Uniswap is the largest DEX protocol in terms of trade volume, registering more than 45% of the market total, according to data from DefiLlama. Furthermore the protocol’s native #UNI token holds a market cap of $4.4 billion at the time of writing, according to CoinMarketCap.
Uniswap Labs, the firm behind popular decentralized exchange Uniswap, has raised $165 million in a Series B funding round led by Polychain Capital.
The latest financing event valued #Uniswap Labs at $1.66 billion, the company said, and saw participation from long-term investors in the firm such as a16z crypto, Paradigm, SV Angel, and Variant.
Uniswap is the largest DEX protocol in terms of trade volume, registering more than 45% of the market total, according to data from DefiLlama. Furthermore the protocol’s native #UNI token holds a market cap of $4.4 billion at the time of writing, according to CoinMarketCap.
Join the Philippine Fintech Festival—where SE Asian fintech giants map the region’s digital payments revolution
Home to over 600 million people and with an economy valued at $3 trillion, Southeast Asia has become one of the world’s fastest-growing fintech hubs. The upcoming Philippine Fintech Festival will shine a spotlight on the region’s rapid digital payments revolution, with many of the region’s industry leaders set to take to the stage to chart the future of digital payments in the Association of Southeast Asian Nations (ASEAN) region.
The event will be held on October 17-21 in Makati City, Philippines, with the theme centered on designing an anti-fragile world powered by digital payments.
Home to over 600 million people and with an economy valued at $3 trillion, Southeast Asia has become one of the world’s fastest-growing fintech hubs. The upcoming Philippine Fintech Festival will shine a spotlight on the region’s rapid digital payments revolution, with many of the region’s industry leaders set to take to the stage to chart the future of digital payments in the Association of Southeast Asian Nations (ASEAN) region.
The event will be held on October 17-21 in Makati City, Philippines, with the theme centered on designing an anti-fragile world powered by digital payments.
Binance Burns as Many BNB Tokens as Hacker Minted From Thin Air
Binance today completed its 21st quarterly burn of BNB tokens, effectively compensating for the losses incurred from its bridge hack last week.
BNB is the native cryptocurrency of the BNB Chain, formerly known as the Binance Smart Chain, which is a competitor to Ethereum. A “burn” is when tokens are permanently removed from a cryptocurrency’s supply, and is generally used as a measure against inflation. Today’s burn took 2,065,152.42 BNB, worth over $549 million at current prices, off the market.
Binance today completed its 21st quarterly burn of BNB tokens, effectively compensating for the losses incurred from its bridge hack last week.
BNB is the native cryptocurrency of the BNB Chain, formerly known as the Binance Smart Chain, which is a competitor to Ethereum. A “burn” is when tokens are permanently removed from a cryptocurrency’s supply, and is generally used as a measure against inflation. Today’s burn took 2,065,152.42 BNB, worth over $549 million at current prices, off the market.