Alyx? Good Luck Owning a Valve Index at Launch

Valve warns of a limited supply of Valve Index VR headsets in the coming months. The coronavirus outbreak has affected production schedules of the headset. Many would-be Half-Life: Alyx players are likely to miss out at launch. Valve has announced that it is the latest gaming company to fall foul of the coronavirus epidemic. Production of the company’s Valve Index VR headset and controllers is hitting roadblocks due to the outbreak. Valve expects to ship fewer units than expected in the lead up to the release of VR title, Half-Life:…

Insolvent Exchange FCoin Had Bitcoin Outflow Problems Just Two Months After Launch: Report

Cryptocurrency exchange FCoin, which revealed its insolvency this week, may have already been leaking bitcoin as early as July 2018 – just two months after its debut. On-chain analysis and security startup PeckShield released a report on Friday, suggesting FCoin’s bitcoin (BTC) wallets had a significant outflow of nearly 10,000 BTC between July 19 and Aug. 31, 2018 – a time that coincided with the occurrence of the fatal “data error” that FCoin founder Zhang Jian mentioned in his tell-all post on Feb. 17. While announcing that FCoin was insolvent, the…

Brazil’s Central Bank to Launch Near-Instant Payments as a Response to Cryptocurrencies

A new payments system is coming to Brazil later this year promising almost instant transfers. Called PIX, the project from the country’s central bank will provide 24/7 payments in up to 10 seconds via mobile apps, internet banking and ATMs, according to reports from Reuters and local crypto news site Livecoins on Wednesday. Slated for launch on Nov. 10, 2020, PIX is aimed to speed up and reduce the costs of fiat transfers between individuals and businesses. At a launch event for the planned system on Wednesday, Central Bank of…

Dubai Gov’t to Launch KYC Blockchain Consortium in Q1 2020

One of the financial hubs of the Middle East, the United Arab Emirates (UAE), is continuing to expand blockchain-driven developments. The Department of Economic Development (DED) of Dubai has established a Know Your Customer (KYC) blockchain consortium with six major banks. Dubbed “KYC Blockchain Consortium,” the new blockchain-powered regulatory platform is designed to accelerate processes like exchange of digital customer data and documents while ensuring security. The project also intends to bring a unified platform of KYC efforts among existing and future ecosystem members like qualified financial institutions and licensing…

Metro Exodus Steam Launch Unaffected by Epic Store Exclusivity Fiasco

Embracer Group reports that the Metro Exodus Steam launch has been “great.” The first-person shooter was embroiled in a heated controversy due to publisher Deep Silver’s decision to shift to an Epic Store exclusivity deal shortly before release. Steam reviews have spawned an odd Google glitch that highlights ongoing feelings of resentment from portions of the player base. Metro Exodus’ Steam launch is a success despite the controversy surrounding the game’s one-year Epic Game Store exclusivity deal. Metro Exodus’ Steam Success In an earnings presentation held yesterday, Lars Wingefors, CEO…

Indian IT Giant Tech Mahindra and Local Gov’t Launch Blockchain Accelerator

Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, is launching a blockchain accelerator together with the government of the southern state of Telangana.  The parties hope the accelerator will become a “torch-bearer” for future accelerators nationwide, the Economic Times reported on Feb. 19. The new “T-Block Accelerator” is aimed at fostering blockchain startups that have identified a strong real-world use case for the technology, and to boost industry growth overall. Innovation management firm IBC Media will run the accelerator program, which developed following a Memorandum of Understanding (MoU)…

Binance Cloud to Allow Users to Launch a Crypto Exchange Within 5 Days

Binance’s newly released Binance Cloud platform might be somewhat different from what the crypto industry expects the new feature to be. After Binance founder and CEO Changpeng Zhao (CZ) first hinted at the introduction of Binance Cloud on Feb. 8, the new service has been officially released on Feb. 17, targeting users willing to set up crypto exchanges, according to a blog post by Binance. All-in-one infrastructure for launching a crypto exchange According to the announcement, Binance Cloud will serve as an all-in-one infrastructure platform for customers and partners to…

Binance Set to Launch NEO/USDT Futures With Up to 50x Leverage

Major cryptocurrency exchange Binance announced that it is about to launch a new futures product tracking crypto asset NEO. Per the announcement published on Feb. 16, the NEO/USDT futures will be launched on Feb. 17 and traders will be able to select leverage between 1x and 50x. The fees that the exchange imposes on trades of the contract in question are a 2% base initial margin rate, 1% base maintenance margin rate and a 0.5% liquidation fee. What is NEO? The Binance information page dedicated to NEO explains that it…

OKEx Partners With Bain-Backed Crypto Exchange to Launch Leveraged Futures in India

An Indian cryptocurrency exchange has partnered with Malta-based trading platform OKEx to offer futures products specifically for the subcontinent market. Mumbai-based CoinDCX announced Friday that it had formed a strategic partnership under which OKEx will help it develop a new derivative facility – known as DCXfutures – in return for providing OKEx with a foothold in the Indian market. Using CoinDCX’s new derivatives facility, Indian investors will be able to trade futures, with leverage of up to 15x provided by OKEx, on nine cryptocurrencies, including bitcoin, ether, XRP, and litecoin.…

‘95% Confidence’: Ethereum Developers Pencil In July 2020 for Eth 2.0 Launch

Ethereum’s next system-wide upgrade, Eth 2.0, won’t launch in Q2 2020 as expected, but researchers remain confident the initial network parameters will deploy in 2020. Anything less would be considered a “failure,” they said. In an “Ask Me Anything” Reddit discussion held Wednesday, the Eth 2.0 team said the network won’t launch until three clients can run testnets consistently for a minimum of eight weeks. AMA participants included ethereum co-founder Vitalik Buterin and Eth 2.0 researchers Danny Ryan and Justin Drake. “I have 95% confidence we will launch in 2020,”…