Coins.ph Partners with Stables to Use PHPC Stablecoin for Cross-Border Remittances
Coins.ph has partnered with Stables Money to expand the use of its PHPC stablecoin for remittances, simplifying the process for the high volume of peso transactions to the Philippines. Launched in July after receiving approval from the Bangko Sentral ng Pilipinas, PHPC operates on the Ronin network, enhancing accessibility and offering lower fees and faster transfers compared to traditional banking. (Cointelegraph)
Hong Kong Launches Project Ensemble Sandbox to Explore Tokenization in Banking
Hong Kong has introduced Project Ensemble, a sandbox initiative aimed at integrating tokenization into the banking sector through a central bank digital currency (CBDC). Major banks, including HSBC and Standard Chartered, along with tech firms like Microsoft and blockchain companies Ant Digital and HashKey, are participating to explore applications in areas such as fixed income and green finance. (The Block)
Singapore Set to Host Record-Breaking TOKEN2049: 20,000 Attendees Expected
TOKEN2049, the world's largest crypto event, is set to take place in Singapore on September 18-19, 2024, with an expected attendance of 20,000. The event will feature prominent speakers like Max Verstappen and Iggy Azalea, alongside Web3 leaders, and will include over 500 side events, making it a hub for networking and collaboration in the crypto industry. (Blockhead)
Kaia Layer-1 Blockchain Launches Mainnet, Targets Telegram-Style Apps
Kaia, the Layer-1 blockchain developed by Kakao and LINE, launched its mainnet on August 29, featuring one-second finality and ultra-low gas fees. It aims to support various applications, including DeFi and web3 messenger apps, while inviting developers to create mini dApps on LINE through its NEXT WEB SDK (The Block)
Maker Rebrands as SKY, Upgrades DAI to USDS
Maker DAO is rebranding as Sky, with its DAI stablecoin transitioning to USDS and its MKR governance token becoming SKY starting September 18. The changes aim to enhance decentralization and governance, with users retaining old tokens while benefiting from new features like native rewards through the sky.money app. (Blockworks)
Sony Launches Minato Testnet for Ethereum Layer-2 Blockchain, Unveils Developer Incentives
Sony has introduced the "Minato" testnet for its Ethereum Layer-2 blockchain, Soneium, along with the Soneium Spark developer program, which provides mentorship and funding opportunities to foster blockchain applications. This initiative, supported by Astar Network, aims to drive innovation and adoption in the blockchain space. (Decrypt)
Nvidia Q2 Revenue Surges Past Expectations, Signals Strong AI Sector Growth
Nvidia reported a record-breaking Q2 revenue of $30 billion, surpassing forecasts by $2 billion, primarily driven by strong sales in graphics processing units and positive expectations for its upcoming "Blackwell" chips. The company's optimistic Q3 projections further highlight its leading position in the growing AI industry. (Cointelegraph)
