CryptoKitties Creators Launch Token-Powered NBA TopShot in Beta

Dapper Labs, the team behind the Ethereum-based non-fungible token (NFT)-powered game CryptoKitties, has launched its forthcoming NBA TopShot game in beta. Cointelegraph experienced a sneak preview of the game, which allows players to own, trade and play with tokenized representations of key moments in NBA history. NBA TopShot is built on Dapper’s Flow blockchain. NBA TopShot launches in beta Speaking to Cointelegraph, Dapper Labs’ head of partnerships and marketing, Caty Tedman, stated that “the product is meant to give fans a piece of ownership over the action that happens on…

Is Ethereum 2.0’s Launch Being Slowed Down by Too Many Clients?

Progress on Ethereum 2.0 has picked up pace recently as the Schlesi multi-client testnet revealed itself to be a more-or-less stable network. Cointelegraph spoke with Zahary Karadjov, R&D lead for Nimbus, to learn more about the upcoming clients. Development of clients is key as they define how a blockchain operates. For Ethereum 2.0, the project’s developers decided to let seven separate teams develop an equal number of implementations. One of these is Nimbus, a semi-independent branch of the Status (SNT) project. For Nimbus, the distinguishing factor is the team’s focus…

Digital Yuan Has No Launch Date, Bank of China Stresses Amid Rumors of Looming Rollout

The People’s Bank of China, or PBoC, clarified that there is still “no timetable” on a formal digital yuan launch. In an interview published earlier today on the central bank’s website, PBoC Governor Yi Gang was asked about the central bank digital currency’s official launch date, to which he replied: “These tests are just routine work for the research and development (R&D) of the digital currency. No schedule for an official launch has been revealed.”  The pilot test referenced by Gang has been carried out in the cities of Shenzhen, Suzhou,…

Ahead of Ethereum 2.0 Launch, 3 Key Metrics Point to ETH Price Surge

The Ethereum developer community is nearing the launch of Ethereum 2.0, a major multiyear milestone for the blockchain network. Ethereum 2.0 will mark the start of a shift from the miner-reliant proof-of-work consensus algorithm to a proof-of-stake algorithm. In a PoS system, miners are not needed to mine blocks and verify transactions. Instead, users — or stakers — verify data on the blockchain. For now, there is no specific date at hand for the release of Ethereum 2.0, according to its testnet coordinator, Afri Schoedon. “The final spec is not…

CZ Believes Steem Users Should Launch (Another) Counter-Fork

Changpeng Zhao, or CZ, the chief executive of top crypto exchange Binance, has issued a statement regarding the recent Steem hard fork that sought to freeze 23.6 million STEEM tokens associated with 64 wallet addresses. Binance will support the fork, however, indicating that they will support future forks executed by those affected within the Steem community. Steem fork attracts controversy The latest fork was ostensibly intended to protect against malicious actors in the Steem network, however, critics have accused the project of seeking to punish proponents of the Hive hard…

Token Impersonates Chinese Digital Yuan as Official Launch Date Remains Unknown

With the official release date of digital yuan being kept in the dark, third-party actors have stepped in to impersonate the digital yuan officials, hoping to attract gullible investors. A recent press statement issued by a company called Yuan Pay Group mentions the release of “the e-Yuan”, a currency which allegedly allows the government of China to use smart contracts “to track assets and liabilities and to ensure that multiple loans are not taken over the same collateral.” “The circulation of the currency will be controlled by the state,” the…

Critical Mining Hardware Manufacturer To Launch Second US Factory

The world’s largest semiconductor manufacturer and third-largest chip manufacturer, Taiwan Semiconductor Manufacturing Co., or TSMC, has announced plans to build a $12 factory in Arizona. The move comes after TSMC suffered significant disruptions across its supply chain amid the coronavirus outbreak in China. With Bitmain relying on TSMC for its next-generation chips and wafers, disruptions to TSMC specifically have been cited among the reasons for delays in shipping for its new Antminer S19 ASICs. TSMC to open Arizona factory The factory’s construction is slated to commence next year, with TSMC…

Mexican Companies Launch Crypto Donation Platform For People Impacted by COVID-19

Mexican cryptocurrency exchange, Bitso, joined forces with the crowdfunding platform, Donadora, to launch a crypto-based donation system. The platform will help gather funds to buy food for the most vulnerable families affected by the COVID-19 crisis. According to a report published by El Heraldo de México on May 15, each pantry delivered will be worth 150 Mexican pesos. They will have enough food to feed families of between four and six members for a week. Donation options include both fiat currencies and various cryptos, such as Bitcoin (BTC), Ether (ETH),…

CME Could Soon Launch Ethereum Futures and That’s Huge for ETH: Analyst

Ever since the CME launched futures for Bitcoin, investors have been asking for Wall Street-centric Ethereum futures. The reason: cryptocurrency investors believe these derivatives will catalyze ETH buying by an institutional audience. Analyst Expects Ethereum Futures to Send Price Flying According to a prominent crypto trader, “it won’t be long before we see [Ethereum] futures launch [on the CME].” He attributed this sentiment to the belief that with the introduction of Proof of Stake via ETH 2.0, demand for Ethereum derivatives could increase, thereby catalyzing exchanges to respond by listing…

Overstock’s tZERO to Launch Broker Dealer in US by Q2

Overstock’s blockchain arm tZERO aims to launch its broker dealer service in the United States by Q2 2020. According to an April 30 Forbes article, tZERO Chief Executive Officer (CEO) Saum Noursalehi said he plans to expand the adoption of crypto, security tokens and mainstream trading with a one-stop-shop. However, the company must first be approved as a retail broker-dealer.  The company’s retail broker arm tZERO Markets applied to be registered with the Financial Industry Regulatory Authority (FINRA) in the U.S. earlier this year. If it receives approval, tZero will…