ABB Launches Blockchain Pilot for Solar Energy Sector

International electrical engineering company ABB has rolled out a blockchain pilot to explore how the technology could promote the role of solar energy in peer-to-peer (p2p) energy trading, technology-focused media outlet PV Tech reported on May 16. To implement the project, ABB collaborated with Italian energy aggregator Evolvere to deploy a blockchain it jointly developed with blockchain-based platform Prosume. The pilot will purportedly enable transparent and secure p2p energy transactions, as well research blockchain’s role in the smart grids market. ABB told PV Tech that the project’s objective is to…

Blockchain-Based Digital Collectibles Market Meme Factory Launches Today

Meme Factory, a blockchain-based marketplace for digital collectibles, goes live today. Meme Factory is built on ethereum and allows users to create, issue and trade “provably rare” digital collectibles, according to an announcement. The platform was created by blockchain startup District0x Network, which raised $9 million via an initial coin offering in August 2017. The funding was raised in ether (ETH) cryptocurrency and saw participation from venture capital firms Boost VC and CoinFund. District0x describes the platform as “a true decentralized digital collectibles marketplace, completely self-governed and functioning autonomously on the ethereum…

Ava Labs Exits Stealth, Launches Blockchain Testnet Based on ‘Avalanche’ Protocol

Blockchain startup Ava Labs is coming out of stealth and starting to open up its blockchain network — backed by a new consensus algorithm — to developers and users. Ava Labs is launching a private testnet of their technology today at Token Summit, one of the many conferences taking place during Blockchain Week NYC. Though the blockchain network isn’t ready for real money quite yet, this step is notable because, for the first time, developers outside the organization will be able to put the new code to the test based…

Blockchain Infrastructure Firm Blockstream Launches Security Token Platform

Blockchain infrastructure firm Blockstream announced the launch of its security token platform in a press release shared with Cointelegraph on May 15. Per the announcement, the new Liquid Securities platform is a solution for businesses to issue security tokens on the Liquid Network. Blockstream Chief Security Officer Samson Mow claims that while businesses are willing to issue tokenized securities, platforms such as Ethereum are not the right choice because of their scalability, privacy and reliability limitations. Blockstream claims that its platform is more suitable for such use: “Now, with the…

Huobi Launches OTC Desk for Institutional Investors

Major global crypto exchange Huobi has launched a regulated over-the-counter (OTC) trading desk for institutional investors, according to a blog post on May 15. The new OTC crypto trading platform, Huobi OTC Desk, is fully regulated by the Gibraltar Financial Services Commission (FSC), and enables major fiat-to-crypto and crypto-to-crypto trading pairs. Unlike the existing Huobi’s OTC retail products, the new OTC trading desk enables a principal OTC trading process under Huobi Technology, Huobi’s regulated OTC trading entity in Gibraltar, while the existing OTC offering on otc.hbg.com enables peer-to-peer (P2P) tradings under…

Opera Web Browser Crypto Wallet Launches Support for Tron, TRC-Standard Tokens

Web browser Opera has added support for tron (TRX) and TRC-standard tokens to its built-in crypto wallet, according to a press release shared with Cointelegraph on May 15. Last year, Opera first developed crypto wallet and Web 3.0 capabilities for its Android browser, launching the product in December 2018 with support for ether (ETH) and interactions with decentralized applications (DApps). “Web 3” is a term that was initially coined to refer to efforts to develop a semantic internet, and is increasingly used to refer to the evolution of a more…

ConsenSys-Backed Kaleido Launches B2B Tech Stack With ‘Plug-and-Play’ Features

Kaleido has launched a new business-to-business (B2B) tech stack with a view to helping companies “reinvent their core payment systems and supply chains,” according to a news release obtained by Cointelegraph on May 15. The ConsenSys-backed company said the stack brings together the necessary tools and technologies that businesses need to build modern networks delivering operational improvements and new revenue streams. According to Kaleido, businesses that use its platform will easily be able to digitize assets by issuing custom tokens. Other features, including an asset registry, document store and app-to-app…

Coinbase Expands Service to 50 More Countries, Launches USDC Support in 85 Jurisdictions

United States crypto exchange and wallet service Coinbase has expanded USD Coin (USDC) trading to customers in 85 countries, the firm announced in a blog post on May 14. Along with the USDC announcement, Coinbase also announced a major global expansion, adding 50 more jurisdictions to its coverage, including such countries as Brazil, South Africa and Taiwan, among others. Starting from today, Coinbase serves customers in 103 countries in total, the exchange wrote, adding that the move will help accelerate the global adoption of crypto trading. USD Coin is the first stablecoin…

RIF Launches ‘Layer 3’ Network to Scale Bitcoin-Based Smart Contracts, Tokens

RIF Labs, which developed the RSK Network for ethereum-like tokens and smart contracts on top of bitcoin’s blockchain, has launched a “third-layer solution” to help scale this technology. After more than a year in the works, the Lumino project is now officially live, RIF said Tuesday. The Gibraltar-based firm, parent of the startup RSK Labs, claims Lumino can handle up to 5,000 transactions per second (tps). While that may pale in comparison to the 65,000 tps the Visa network is capable of processing (according to the payments giant’s latest annual report),…

Fintech Company Launches Crypto Exchange Platform Integrated Into Social Investing Network

Hamburg-based fintech company Naga has released its new exchange platform, Nagax, after an intensive beta testing period. The developer promises a user-friendly interface and “super-fast execution,” as the system supports more than 10 million transactions per second. The new platform is integrated into the social investing network — also known as Naga Trader. According to the company, it is used by more than half a million traders around the world. Nagax will be connected to the Naga platform through its own cryptocurrency wallet, the Naga Wallet: It supports major crypto,…