Technology
CryptocurrencyJ.P. Morgan Handles $1B in Daily JPM Coin Transactions
- Launched in 2020, the bank’s permissioned blockchain-based value transfer system, called JPM Coin, now handles around $1 billion in daily transactions.
- The bank’s global head of payments said they now plan to widen the usage of the coin, and possibly create a “more retail version” of the token.
October 26, 2023, 1:42 PM
The corporate sign in front of the JP Morgan Chase & Co office building on Park Avenue, New York City, October 29, 2016. Felix Lipov/Shutterstock
Social App Friend.tech Generates Over $1.4M in Fees in 24h
- Although it was launched in beta on 10 August, the platform has already entered the list of top three fee generating crypto projects by earning $1.42 million in 24 hours.
- Friend.tech is a social app integrated with X (formerly Twitter) that allows users to sell and buy tokenized shares of their social network, gaining access to exclusive content and private chat rooms.
August 21, 2023, 10:18 AM
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Ledger Delays Launch of Recover Feature, to Open-Source Code
- Ledger faced backlash from the crypto community last week after announcing its Ledger Recover service, which will allow users to restore their private keys.
- The company has now said that it will delay the launch of Recover until it has open-sourced some core components of its OS and Recover codebase.
May 24, 2023, 10:07 AM
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Worldcoin Launches Gas-Free Crypto Wallet
- The so called “World App” crypto wallet will make use of the project’s “World ID” system to effectively distinguishes between humans and AI.
- While everyone will be able to use the new wallet, only verified “World ID” holders will enjoy gas-free transactions within the Worldcoin ecosystem.
May 8, 2023, 2:41 PM
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Dec 20, 2022
Visa Proposes Solution to Enable Auto-Payments From Self-Custodial Wallets
- The payments giant has proposed the creation of new self-custodial wallets, called “delegable accounts”, using the “account abstraction” (AA) method.
- As Ethereum does not yet support AA, Visa implemented its new wallet type on layer 2 scaling solution StarkNet, and successfully enabled automated recurring payments.
Oct 10, 2022
FTX to Launch New Version in November
- The exchange is planning to roll out a number of improvements to its order-matching engine over the next month, and officially launch FTX: V2 on 21 November.
- Once live, the new version is expected to support “at least” double the original order throughput, while at the same time halving order latency.
Feb 23, 2022
Layer-2 Solution StarkNet Ready for DApp Deployment
- Launched back in November with limited functionality, StarkNet is a permissionless version of StarkWare’s StarkEx platform, which supports DeversiFi, Immutable, and dYdX.
- The StarkNet team is planning to decentralize the project sometime in the second half of 2022, and hand over StarkNet’s governance to its community.
Nov 9, 2021
Layer 2 Developer Matter Labs Closes $50M Series B
- Led by a16z, the Series B will help the company expand its team, marketing efforts, and finance its business growth.
- Matter Labs is currently working on its zkSync v2 technology, which will support EVM-compatible smart contracts.
Sep 6, 2021
iSwap Launches With 3-Second Cross-Chain Transactions
- iSwap supports cross-chain transactions on Polygon, Ethereum, OKExChain, BSC, and HECO.
- The platform’s 3-second swaps are achieved by deploying aggregators and maintaining USDT holdings on each of the supported chains.
Aug 26, 2021
Microsoft Receives U.S. Patent for ‘Ledger-Independent Token Service’
- The filing describes a “ledger-independent system that will allow developers to write code for managing tokens in a manner that is blockchain agnostic.
- The U.S. Patent and Trademark Office awarded Microsoft’s subsidiary, Microsoft Technology Licensing, the patent on Tuesday.