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Custodia Bank founder and Bitcoin advocate Caitlin Long took to the X platform on Nov. 7 to announce the launch of its Bitcoin custody platform . According to the announce ment, the custody service is said to be designed for businesses such as fiduciaries, investment advisers, fund managers and corporate treasurers. In-house development As a non-lending bank, Custodia is introducing an integrated solution that combines Bitcoin custody and U.S. dollar services, although not FDIC-insured, within a single platform.  1/ BIG NEWS!! Custodia’s #Bitcoin custody platform recently went live. Custodia is a *BANK* built by Bitcoiners & we offer segregated (not omnibus) custody accounts on our custom-built Bitcoin custody platform. Our whitepaper describes how we're different: https://t.co/O6lgaWdSxK — Custodia Bank (@custodiabank) November 7, 2023 The approach is said to streamline user operations and minimize associated risks. It has already received regulatory ap...

Applications will be accepted for consideration until November 30. Solana Labs unveiled an all-new incubator program for project development on the Solana blockchain on Oct. 26.  Title simply “Solana Incubator,” the program will offer fundraising , development, networking, and marketing support for web and blockchain projects seeking to build on Solana’s platform. Building a web3 startup on the Solana network? ️ Today, @SolanaLabs introduces their Solana Incubator, so you can get hands on technical, go-to-market, and funding support! Learn more and apply https://t.co/W10WnEgDwQ — Solana (@solana) October 26, 2023 The Solana Incubator will accept applications through Nov. 30. Those accepted will purportedly receive support from the Solana Labs team and its partners throughout the development, marketing, and launch phases of their projects. According to Emon Motamedi, Product Manager at Solana Labs: “Our priority with the Incubator program is to remove the biggest obstacles current...

On Oct. 13, NvirWorld partnered with the Internet Computer Protocol (ICP) to activate the web3 ecosystem. The Memorandum of Understanding (MOU) between the two companies will see NvirWorld integrate the ICP network into its web3 game ecosystem and expand it. As part of the agreement, NvirWorld will operate a web3 gaming launchpad on the Nvir Web3.0 Studio (NWS) platform it has developed. ICP is the mainnet launch ed in May 2021 by the Swiss non-profit organization DFINITY Foundation after a 5-year development period. The DFINITY Foundation comprises over 300 distinguished experts in the blockchain industry, including engineers, mathematicians, cryptographers, distributed computing specialists, and programming language developers. They hold over 100,000 academic citations and more than 200 patents. NvirWorld has an official contract with ICP. A representative from NvirWorld mentioned “web3 games” as a blockchain trend for 2024, stating, “We are doing our best...

Snook, a multiplayer game, is launch ing on Arbitrum, an Ethereum layer-2. The move is aimed at expanding its player base and introducing USDC, a stablecoin, to complement its native token, SNK. Snook deploys on Arbitrum, enhance gaming experience Snook is a fast-paced blockchain game focused on rewarding gamers based on their skill and effort to thrive in a kill-or-be-killed environment.  The player’s ability to perform directly decides the value of their non-fungible token (NFT) character that can be sold in the secondary market.  You might also like: US SEC may approve Ethereum futures ETFs next week The platform aims to enhance  gaming experience by ensuring that each player’s in-game character is an NFT with immutable records of their skills and achievements.  If a player’s NFT survives, they can continue participating in games, enhancing their traits and continuously increasing their value. The launch on Arbitrum allows the NFT-based game to e...

DeFi systems are able to displace the traditional market of banking services, Sber’s Blockchain Lab product director Konstantin Klimenko said. Russia’s largest bank Sberbank is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months. Sberbank expects to launch open trials of its DeFi platform by May 2023, Sber’s Blockchain Lab product director Konstantin Klimenko announced, the local news agency Interfax reported on Feb. 3. Currently being tested in private beta, Sberbank’s upcoming DeFi platform will be fully open by the end of April, enabling users to conduct the first commercial transactions, Klimenko said. The exec noted that the blockchain platform will be compatible with the Ethereum blockchain, allowing customers to use major wallets like MetaMask to move their assets. Klimenko also noted that users will be able to transfer their assets from other platforms. The blockchain executive stated that Sberbank’...