n a recent announcement, Binance stated that users are strongly encouraged to deposit their BEP2 B-tokens into their Binance accounts before the complete sunset of the BEP2 network in June 2024. By doing so, users will be able to withdraw their B-tokens via the native network or other networks supported by Binance. BEP2 is a … Continue reading Binance to Phase Out Deposits on BNB Beacon Chain (BEP2)
UK Finance, a pivotal entity in the banking and finance sector of the United Kingdom, has initiated an experimental phase to delve into the capabilities and benefits of the UK Regulated Liability Network (RLN). This innovative phase involves a strategic partnership with eleven member organizations, aiming to unlock new possibilities in digital transactions and finance … Continue reading UK Finance Launches Experimental Phase for Regulated Liability Network (RLN)
The Monetary Authority of Singapore (MAS) introduced Project Ubin in November 2016, along with its partnership with R3, to build a proof-of-concept project to conduct inter-bank payments using blockchain. Project Ubin, spearheaded by the MAS, is a project exploring the use of blockchain and distributed ledger technology (DLT) for clearing and settlement of payments and … Continue reading MAS Completes CBDC Project Ubin Phase 5, Blockchain Sector Sees Major Growth Despite COVID-19
According to sources, Coinbase has started planning for a stock market listing this year, which would make it the first major US cryptocurrency exchange to go public. Reuters reported that as Coinbase is pursuing to go public, the listing would require the US Securities and Exchange Commission (SEC)’s greenlight. If the SEC approves the cryptocurrency … Continue reading Coinbase Reportedly Planning to Go Public This Year—Paving the Way for the Next Phase of Crypto Adoption
The much-awaited Phase 0 of Ethereum 2.0, also known as Serenity, may not be launched until the beginning of 2021. This was announced by one of the project’s researchers, Justin Drake on Reddit—much to the confusion of Ethereum creator Vitalik Buterin. Ethereum developer, Justin Drake announced the delay to Serenity’s Phase O in a Reddit … Continue reading Ethereum 2.0 Developer Says Phase 0 Most Likely Delayed Until 2021, Vitalik Buterin Disagrees
The Monetary Authority of Singapore (MAS) and government-owned conglomerate Temasek released the final report of the Singaporean CBDC project, Project Ubin. The report is the fifth and final phase of Project Ubin, Singapore’s blockchain-based multi-currency payments network prototype that was built for the financial industry and blockchain ecosystem. Singapore’s central bank introduced Project Ubin in … Continue reading MAS Announces Project Ubin’s Successful International Settlement Network in its Final Phase Report
IOTA has successfully launched phase 1 of Chrysalis, reaching one of many important milestones in its development. Chrysalis, also known as IOTA 1.5 is designed as an intermediate phase before its transition to IOTA 2.0, Coordicide. With the completion of the deployment of Chrysalis phase 1, the network is not witnessing 1,000 transactions per second, … Continue reading IOTA Launches Chrysalis Phase 1, One Step Closer to an Enterprise-Ready Blockchain
Ethereum-powered blockchain firm ConsenSys has revealed that it has been awarded a cross-border payment network study project by the Hong Kong Monetary Authority (HKMA). Per the announcement, the project which is the second phase of HKMA’s project Inthanon LionRock involves a cross-border payment network design with the Bank of Thailand (BoT) and will be done … Continue reading ConsenSys Picked to Help Develop Phase 2 of Hong Kong's CBDC Project
South Korea’s central bank is looking to start the testing of the distribution of its central bank digital currency (CBDC) next year, as stated in a local news outlet. According to the announcement, the pilot scheme for the CBDC will soon begin with its distribution phase, with the digital won entering circulation. The Bank of … Continue reading South Korea’s CBDC Pilot to Enter into Distribution Phase Next Year
IOTA’s network upgrade, Chrysalis has recently launched its public testnet. Chrysalis, also known as IOTA 1.5, is IOTA’s intermediate stage between IOTA 1.0 and IOTA 2.0, Coordicide. Phase 1 of Chrysalis was launched earlier this year, in August, reaching one of the many important milestones in the network’s development. The release of phase 2 of … Continue reading IOTA Announces Chrysalis Phase 2 Public Testnet is Now Live