Russia’s largest bank, Sberbank, is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months. Sberbank expects to launch open trials of its DeFi platform by May 2023, Sber’s ...
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Optimism Plans to Enhance L2 Scaling Network With ‘Bedrock’ Upgrade in March – Technology Bitcoin News
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The Ethereum scaling network Optimism, which operates as a layer two (L2) network, announced plans to upgrade its network in March. The upgrade, named “Bedrock,” aims to increase transfer speed, lower fees, and enhance compatibility with the Ethereum Virtual Machine ...
Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback
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Meta founder and CEO Mark Zuckerberg says the company has no plans to change its long-term strategy for the Metaverse, despite operating losses for its Reality Labs business peaking in 2022. Meta’s Q4 earnings released on Feb. 1 show Reality Labs ...
Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation – Regulation Bitcoin News
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The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern ...
Meta gets court win in metaverse acquisition plans: Report
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A federal judge in the United States has reportedly given approval for tech giant Meta to move forward on acquiring a virtual reality company. According to a Feb. 1 report from Bloomberg, Judge Edward Davila in U.S. District Court for ...
Amazon Web Services (AWS) Plans $4.5billion Investment Alongside Australia Region Launch
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Amazon Web Services (AWS) has launched its second ‘AWS infrastructure region’ in Melbourne, Australia. The region looks to provide customers with the ability to store data in Australia and serve end users with lower latency. The region aims to offer ...
Lido Protocol Reveals Plans for Withdrawal Feature Ahead of Ethereum’s Shanghai Hard Fork – Defi Bitcoin News
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While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback on the proposal that ...
Saudi Central Bank Progresses CBDC Plans
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With countries all over the world testing central bank digital currencies (CBDCs), the Saudi Central Bank (SAMA) takes its next steps. SAMA has turned its focus on domestic wholesale CBDC use cases in collaboration with local banks and fintechs. The ...
BlockFi plans to sell $160M worth of BTC miner-backed loans
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Crypto lender BlockFi — having filed for bankruptcy weeks after the collapse of FTX — is planning to sell around $160 million of Bitcoin (BTC) miner-backed loans, Bloomberg reported. The loans are collateralized by approximately 68,000 BTC mining machines, as ...
Payment request Platform Prommt Plans to Expand US Customer Base Following Milestone
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Payment request platform Prommt plans to expand its customer footprint in North America after hitting a key milestone at the end of 2022. The 2022 Christmas period saw Prommt see three million payment requests sent to customers across many industry ...