European Union blockchain Launches

It has been reported that a great number of firms has recently joined a new blockchain association that is primarily aimed to promote the adoption of blockchain technology across the European Union.

These companies inclines includes Fintech giant Swift, technology giant IBM, Ripple the organization behind the third largest cryptocurrency by market capitalization in the world and other equally impressive industry leaders.

The initiative is launching next week Wednesday next week and will be called the International Association of Trusted Blockchain Application (INATBA).

According to a report the INATBA was set up as a global multi-stakeholder forum aimed to bring together developers and users of blockchain technology to promote mainstream adopt multiple sectors.

The new association has been in the works for several months now has an important role in developing blockchain best practices and standards as well as to avoid fragmentation of blockchain projects on a European level.

Binance Wants To Release Its DEX Mainnet Sometime In April

One of the world’s largest cryptocurrency exchange in the world, Binance has recently announced that it plans to launch the mainnet of its DEX later this month.

This was revealed by its CEO and founder Changpeng Zhao (CZ) who shared that the Binance DEX is a decentralized cryptocurrency exchange powered by Binance’s blockchain and will be fully operational sometime in April.

Details of the launch have not yet provided but the cryptocurrency community is eagerly awaiting the release of the platform which was in response to the community’s call for more a decentralized and secure exchange following a spate of exchange hacks last year that led to millions of financial loses from users.

The platform plans to mitigate the risk of hacks by allowing its customers to trade their cryptco assets without their digital assets leaving their wallet.

This self-custody feature limits the risk of the decentralize exchanges to be targeted by hackers since wallets of the digital assets are not located in a single location as well as passing on the responsibility of users to secure their own wallets.

Binance Singapore To Launch This Month

Aside from launching the mainnet of its decentralized exchange in April Binance is also planning to launch a new fiat-to-crypto exchange in Singapore.

This was announced by Changpeng Zhao (CZ) who was attending a blockchain event in Seoul, South Korea, called Deconomy.

According to the CEO and founder of Binance, the said new fiat-to-crypto exchange will be servicing the Singaporean dollar $SGD.

The launching of the exchange in Singapore was first hinted by CZ last year when he attended the Consensus event in Singapore where he revealed that his company is planning to launch fiat-to-crypto exchanges on almost every continent.

Following this announcement Binance has been rapidly expanding its operations globally stretching from the Europe via U.K. controlled Island of Jersey which is servicing the British pound and Euro, through Africa through its Binance Uganda.

Cardano Now Ranked 8th Largest Crypto After Overtaking Tether And Stellar Lumens

It has been reported that Cardano (ADA) is continuing on its path of strong bullish momentum, overtaking Tether (USDT) and Stellar Lumens (XLM) in the process with 20% appreciation of its value.

ADA is not the 8th largest cryptocurrency in the world with a total market capitalization of around $2.55 billion USD.

The comes at a time when BTC is also surging, gaining more that 8% and jumping above the $5,000 level in last Wednesday’s trading.

USDT and XLM might have lost its position in the rankings but have enjoyed substantial gains in what many believes to be the start of a new bullish run for the crypto space.

Many believe that one of the reasons for this bullish trend is the recent network upgrade it underwent a few weeks ago called Ourobouros Genesis which the Caradano team sats is the first proof-of-stake protocol that matches the security guarantees of proof-of-work protocol .

New $50 Million Fund Looking Into Blockchain Investments

According to an online cryptocurrency news outlet a new $50 million fund has taken interest in blockchain technology.

The new fund has been set up by a Nasdaq-listed company Okta and is primarily aimed to invest in early-stage technology startups that include blockchain technology, artificial intelligence, machine learning and other cutting edge technology.

Okta is a company that provides identity management solutions and is planning make its first investment in blockchain technology with an undisclosed investment on Trusted Key, a blockchain-based identity startup.

Trusted key was founded by former Microsoft, Oracle and Symantec executives and offers decentralized digital identity solutions allowing organization to work together as ecosystems to share strongly proofed users identities with users consent.

According to Frederic Kerrest, COO and co-founder of Okta, the compay’s vision is to enable any organization to use any technology with OKta Ventures they plan to invest in the growing ecosystem of startups that deal with identity, security and privacy.

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