When Lambo? Lamborghini Launches Blockchain-Based Collectible Stamps

Lamborghini, a famous Italian manufacturer of luxury sports cars, continues to utilize the Blockchain in its corporate operations. Among the latest technology developments, the well-known brand is applying blockchain to digitize its collectible stamps. Lamborghini is launching its first collectible digital stamps, the “Automobili Lamborghini Collection.” Powered by blockchain technology, the new collection is a series of collectible digital stamps dedicated to the history of the world’s most iconic luxury brand cars. The first stamp from the Automobili Lamborghini Collection is devoted to the Huracán EVO RWD Spyder, a new…

Blockchain-Powered 5G Phone Manufactured by Samsung Launches

Samsung and SK Telecom, a South Korean mobile carrier, unveiled the world’s first 5G smartphone equipped with blockchain-powered ID authentication. The phone, called “Galaxy A Quantum”, has a quantum random number generation chipset developed in partnership with Samsung Electronics. The phone’s initial price is 649,000 Korean won, or $527.54 USD, according to the announcement on May 14. Blockchain-powered features incorporated The company stated that the blockchain-powered system is utilized when users pay for goods and services at offline merchants with the SK Pay. Blockchain is also used to help prevent…

Bitfinex Launches Institution-Grade Custody Services With New Koine Partnership

Bitfinex cryptocurrency exchange has partnered with London-based digital asset custodian Koine to roll out institution-grade custody and post-trade services. On May 13, Bitifinex announced that Koine would be providing the exchange with a series of services that can help professional traders to mitigate the counterparty and settlement risks associated with cryptocurrency trades. Bitfinex, which caters some of its offerings to professional clients by supporting algorithmic and over-the-counter trading, claims the new suite of services will help to encourage institutional participation in crypto markets. Koine’s storage model is neither “hot” nor…

Crypto Exchange ErisX Launches First US Ether Futures Contracts

Chicago-based crypto exchange ErisX has notified its members and participants that it will start offering trading on Ether futures in the United States. According to a company blog post on May 11, ErisX said individual and institutional investors will be able to access futures contracts based on Ethereum (ETH)-USD with monthly and quarterly expirations. The crypto exchange will introduce standardized futures contracts regulated by the Commodity Futures Trading Commission (CFTC) on its existing infrastructure. ErisX said miners, speculators, hedgers, and businesses running on ETH would benefit from the additional “investors,…

Crypto.com Launches Plug-In for 1 Million E-Commerce Merchants on Ecwid

Crypto.com launched a payment plug-in for Ecwid, an e-commerce platform similar to Shopify or WooCommerce. The plug-in allows merchants to accept crypto for their products. Crypto.com announced the partnership on Monday. The plug-in, called Crypto.com Pay Checkout, lets buyers pay with crypto for their products on e-commerce websites running on Ecwid, which the company claims are more than 1 million. The merchants can choose which currency they want to accept as settlement. While they can receive the cryptocurrencies directly, they can also avoid exposing themselves to volatility by letting Crypto.com…

Global Fintech Firm Launches Security Tokenization Platform

Global Stock Exchange Group, a Gibraltar-based fintech firm that deploys blockchain solutions to drive interoperability between the cryptocurrency and traditional markets, launched its Grid tokenized securities platform in Estonia on May 7. The Grid facilitates the tokenization of new and existing debt securities and funds. The Global Stock Exchange group, or GSX, also plans to launch equities during the second phase of its roll-out. The platform also allows tailored smart contracts to underpin each digital security. Cointelegraph spoke to the chief executive of GSX Group, Nick Cowan, to find out…

Wall St Veteran Launches Crypto-Powered Social Network and Marketplace

CoinLinked, a social media network and marketplace platform founded by Wall Street veteran Jenny Q. Ta, launched on May 7. The platform will feature a utility token that rewards users for activity on the platform, and can also be redeemed for discounts on CoinLinked’s marketplace. Speaking to Cointelegraph, Ta described CoinLinked as the “first-ever blockchain-based social network and crypto-commerce platform,” likening it to a hybrid decentralized/centralized amalgamation of Twitter, Instagram and Amazon. “With global e-commerce steadily expanding each year and sales projections indicating that the multi-billion-dollar industry will reach new…

Latest Fiat-Crypto Exchange Launches In India as Local Trade Volumes Soar

A new fiat-crypto exchange has launched in India, two months after lifting the country’s stringent ban on banks’ dealings with crypto businesses. The Bangalore-headquartered exchange, dubbed BitPolo, went live on May 6. It was originally founded in March; the same month the Supreme Court ruled against the central bank’s longstanding moratorium on crypto-related banking support. BitPolo supports Rupee (INR) deposits and withdrawals, and crypto-fiat pairs with major currencies such as Bitcoin (BTC). In a statement accompanying the launch, Bitpolo chief business officer, Suresh Choudhary, said the exchange team had been…

Bitfinex Derivatives Launches Bitcoin Dominance Perpetual Swaps

The derivatives platform for Bitfinex cryptocurrency exchange is launching a new perpetual swaps product today, May 6, that enables traders to speculate on Bitcoin (BTC) dominance. Dominance, which refers to Bitcoin’s share of the total market capitalization for all cryptocurrencies, is a measure closely eyed by many in the community — whether they be altcoin developers and traders or diehard Bitcoin maximalists.  According to data from Coin360, BTC dominance stands at close to 67% as of May 5. Bitfinex Derivatives’ Bitcoin Dominance Perpetual Swap (BTCDOM) is ostensibly the first such…

Exchange Aggregator CoinSwitch Launches App in India

Cryptocurrency exchange aggregator CoinSwitch will launch its CoinSwitch Kuber app on June 1 — exclusive to users in India. The mobile app will support over 100 coins, while also adding liquidity across all Indian exchanges to allow users to buy and sell using the Indian rupee. Users need to be verified with Know Your Customers and Anti-Money Laundering procedures before depositing rupees into their accounts.  India had a fairly rocky relationship with crypto trading until March, when the Supreme Court overturned a ban imposed by the Reserve Bank of India. …