Facebook to Unveil ‘Libra Association’ and Launch Testnet Next Week: Report

Social media giant Facebook will unveil the Libra Association, which will operate its bespoke cryptocurrency Libra, on June 18, cryptocurrency news outlet The Block reported on June 14. Per the report, Facebook and dozens of its partners will unveil the Libra Association — which will be based out of Geneva — as the entity that will oversee the company’s Libra cryptocurrency project. During the event, the company is also expected to launch the testnet of its blockchain. The Block claims to have seen an unspecified blog post from Facebook, according…

Nash Prepares to Launch Beta Version of Decentralized Exchange

With a mission of “bringing distributed finance to everyone,” five open-source blockchain developers have come together to form a distributed finance platform using blockchain technology that allows for decentralized and non-custodial cryptocurrency trading. Established in 2017, founders Fabio Canesin, Fabian Wahle, Ethan Fast, Thomas Saunders, and Luciano Engel built Nash as an integrated financial services platform in which users could invest, trade, and make payments with digital assets. All five founders of Nash were also behind the City of Zion open-source community and continue to develop key infrastructure for the…

Russian Authorities Sign MoU With Maersk to Officially Launch TradeLens in Russia

Russian authorities have signed an agreement with Danish logistics giant Maersk to officially launch blockchain shipping platform TradeLens, according to a press release on June 6. As a part of the agreement, the port at Russia’s second-biggest city, St. Petersburg, will pilot the blockchain-powered logistics tool co-developed by Maersk’s tech subsidiary Maersk GTD and global tech giant IBM. The agreement was signed in the form of a Memorandum of Understanding (MoU) between Maersk CEO Søren Skou and Yuriy Tsvetkov, Deputy Minister of Transport of the Russian Federation and Head of…

Samourai, Nodl to Launch Bitcoin Lightning Node With Mixing Features

The mobile bitcoin wallet project Samourai Wallet is partnering with the French hardware retailer Nodl to create a bitcoin node device that syncs with Samourai’s privacy-centric mobile wallet. Revealed exclusively to CoinDesk, Nodl co-founder Michel Luczak said this new product will be a “full, self-validating, bitcoin and lightning node” that allows people to use the mobile wallet app without relying on Samouri Wallet’s servers. This has long been a point of contention, as critics argue the wallet’s privacy features are insufficient if users’ transaction data is stored on a centralized…

Russian Region Yugra to Launch Blockchain-Enabled Tourism Platform

The Khanty-Mansi Autonomous Okrug – Yugra,  a federal subject of Russia, will launch a blockchain-enabled tourism platform, major state-owned media outlet Tass reported on June 7. Per the report, during the St. Petersburg International Economic Forum this week, the general director of the region’s development fund, Roman Genkel, signed an agreement with Alexander Borodich, the CEO of blockchain startup Universa, to launch the platform. According to a blog post from Universa on June 7, the system will enable tracking public spending and investment to ensure transparency. The company claims: “Tagging…

Apple’s CryptoKit Launch Paves the Way for Secure Mobile Wallets

Apple is set to launch CryptoKit, a Swift API to perform basic cryptographic operations on its upcoming iOS 13 software release. The announcement came during the tech giant’s Worldwide Developers Conference. According to Apple, the new framework will integrate options for hashing, key generation and exchange, and encryption for developers on iOS apps. The new framework will supplant Apple’s previous framework, CommonCrypto, which does not support Swift. CryptoKit will allow developers to avoid lower-level interfaces by freeing developers from managing raw pointers and automatically overwriting sensitive data during memory deallocation,…

Ex-Bitmain CEO Jihan Wu Set to Launch Crypto OTC Platform Next Month: Report

Ex-Bitmain CEO Jihan Wu could launch his newest venture next month, according to a report by The Block on June 5. One unnamed source told the website that the crypto services startup, called Matrix, “will be the biggest over-the-counter (OTC) desk and asset manager overnight.” Matrix’s OTC offering is likely to be boosted by its close ties to bitcoin (BTC) mining company, Bitmain. The new business will reportedly offer custody and lending services to the Beijing-based giant, receiving a liquid pool in return. Another of the four unnamed sources told…

Think Tank Tells Swiss National Bank to Launch Swiss Franc Token, Embrace DLT

Switzerland’s national bank should work with large industry players to develop a Swiss franc token, according to a report by the Avenir Suisse think tank on June 4. Avenir Suisse is an independent privately funded think tank, with a yearly budget of reportedly 5 million Swiss francs ($5 million). Despite the opportunities that distributed ledger technology (DLT) is creating in the country’s finance industry — especially in trade finance, asset management and capital markets — researchers argue that the debate surrounding digitization is focused too much on the risks. Avenir Suisse’s report claims that…

OKEx Subsidiary OKLink to Launch USD-Pegged Stablecoin USDK

Global settlement firm OKLink, a subsidiary of major cryptocurrency exchange OKEx, will launch its stablecoin today, June 3, an OKEx representative told Cointelegraph. In an email sent to Cointelegraph, the OKEx rep specified that the stablecoin — dubbed USDK — will be launched today in partnership with United States-based custodian Prime Trust. On June 2, OKLink posted scans of the agreement between OKLink and Prime Trust on Twitter. At the end of last month, Star Xu — founder of exchange services provider OKCoin and OKEx — announced OK Group’s partnership…

Bitfinex Plans to Launch Lightning Network Support for Stablecoin Tether: Report

Major cryptocurrency exchange Bitfinex is looking to launch the USDT stablecoin operated by sister firm Tether on the Lightning Network (LN), crypto news outlet The Block reported on May 31. Per the report, Bitfinex’s chief technology officer Paolo Ardoino told the outlet that the company plans to launch USDT on LN later this year. To pursue this objective, the firm reportedly joined the RGB open source development project. According to its GitHub repository, the RGB project is “a completely free, open-source, non-profit and community-oriented effort, promoted by the BHB Network…