Samsung-Backed DLT Firms Launch Blockchain Think Tank for MEASEA Region

Aergo and Blocko, two blockchain firms backed by both Samsung and Sequoia Capital, announced the launch of a regional think-tank intended to bolster the adoption of innovative technologies across the Middle East, African, and South East Asian (MEASEA) regions on April 27. The organization, Execution Intelligence Group (E24P) seeks to promote ‘smart’ governance, tourism, supply chain, and finance solutions that leverage blockchain coupled with artificial intelligence (AI). Currently, E24P comprises Aergo, Blocko, the Western Union-owned remittance platform Topos, Abu Dhabi’s Al Nahyan family — one of the United Arab Emirates’…

BitMEX to Launch Bitcoin-Settled Futures Tracking Ether Price Against Dollar

Cryptocurrency exchange BitMEX announced a new Ether (ETH)-based futures contract on its trading platform. According to an April 24 announcement, the new derivative contract will feature a fixed Bitcoin (BTC) multiplier which will be unaffected by the Ether price in U.S. dollars. BitMEX explains that this feature allows traders to long or short Ether’s USD exchange rate without holding either ETH or dollars. The announcement explains: “Traders post margin in XBT [Bitcoin], and earn or lose Bitcoin as the ETH/USD rate changes.” The exchange plans to launch the ETHUSD futures…

Coinbase Emerges as a Major DeFi Contender With Price Oracle Launch

Coinbase is trying to fix the broken DeFi industry with stable price oracles. In an April 23 announcement, Coinbase introduced the Coinbase Price Oracle — “a critically important service to the DeFi ecosystem” that will be available through the CoinbasePro API.  Both existing ways are worse Coinbase contends that the two existing approaches to price data feeds for DeFi — “published signed data” from a centralized source or using a price feed coming from a decentralized exchange — are both unsatisfactory: “Using data from an off-chain source requires trusting the…

Retail Banks in Poland Launch BIK’s Blockchain-Based Client Data Tool

Blockchain’s varied applications are becoming more useful for global banking institutions with each passing day. Yesterday, Polish retail banks rolled out a blockchain-based customer data platform developed by the Polish Credit Bureau, also known as Biuro Informacji Kredytowej, or BIK. BIK, the biggest credit bureau in Central and Eastern Europe, has enabled banks in Poland to send notifications of commissions and fees changes on blockchain via its new document management product. Polish Credit Bureau and Billon were developing the platform since 2018 Developed in collaboration with Polish-British fintech firm, Billon,…

Binance Continues Global Push With Launch of P2P Trades for Rupee and Rupiah

Major cryptocurrency exchange Binance is deepening its presence in two major emerging markets, India and Indonesia. In an announcement published on April 14, the exchange revealed that users are now able to trade cryptocurrencies peer-to-peer (P2P) for Indian Rupees (INR) and Indonesian Rupiah (IDR). Both fiat currencies will be available against Bitcoin (BTC), Ether (ETH), Tether (USDT) Binance Coin (BNB) and Binance Dollar (BUSD) via the platform’s site and mobile app. Laying the foundations Well ahead of the recent improvements in India’s crypto regulatory climate, Binance had already begun to…

Binance’s US Arm to Launch Tezos Staking This Week

As Tezos (XTZ) staking has apparently been getting more popular in recent months, the service will be soon available on another cryptocurrency exchange in the United States. Binance.US, the U.S. arm of the world’s biggest crypto exchange, Binance, will launch staking rewards this week. As officially announced today, Binance.US will launch staking rewards for XTZ on Thursday, April 16. The service is expected to be activated at 09:00 EST, Binance noted. First XTZ rewards to be distributed in May 2020 In the April 13 announcement, Binance clarified that no action…

Valorant Beta Goes Live – But Boy, Has the Launch Been a Mess

The Valorant closed beta launched earlier today. Frustrating errors and infuriating connection issues are preventing players from accessing the game. The Valorant category on Twitch currently has over 1.3 million viewers. The Valorant closed beta is finally live, or at least, it’s supposed to be. The highly-anticipated soft-launch of Riot Games’ new 5vs5 character-based tactical shooter isn’t quite going to plan. Those lucky enough to have picked up a key from last week’s Twitch drops as well as an army of eager streamers have hit several roadblocks gaining access to…

Sony’s Best Move Is to Cancel This Year’s PS5 Launch

Sony should cancel the PS5 launch and focus on the PS4 as reports of hardware problems surface. The low-priced PS4 is at an advantage during these times. Supply chain disruptions and a potential recession will be headwinds for the PS5. Sony appears to be stalling gamers and enthusiasts who have been eagerly waiting for concrete details about the PlayStation 5 (PS5) console for what seems to be an eternity now. The Japanese giant held what was supposed to be a “reveal” event last month. But that turned out to be…

This Xbox Series X Launch Title Is the Weirdest Thing You’ll See All Week

A new game called Orphan of the Machine has been confirmed as an Xbox Series X launch title. The game will be released during fall 2020, which is the official launch window for the console. It is one of only a few games confirmed for the Xbox Series X. Solo game developer Dynamic Voltage has revealed the first gameplay video of their game, Orphan of the Machine. It will be released on the Xbox Series X in fall 2020, which makes it a launch window title for the console. Source:…

Weak Xbox Series X Day-1 Launch Slate Hands Major PS5 Victory

Xbox boss Phil Spencer suggests that the Xbox Series X launch title lineup may be smaller than expected. This could hand the PS5 a major launch day win if it has more new games to offer players. However, the Xbox Series X could win over the year after launch as it gets new players with a steady release of exclusive games. Speaking to IGN, Xbox boss Phil Spencer hinted what gamers can expect with next-gen games launching alongside its next-gen Xbox Series X. Spencer stated: It doesn’t really help somebody…