Blockchain Press Releases
UST Delivers API Prototypes for Retail Central Bank Digital Currency (CBDC) experimentation for the Bank of International Settlement and Bank of England
Collaboration accelerates the exploration of API solutions for retail CBDC systems
LONDON and MELBOURNE, Australia, June 27, 2023 /PRNewswire/ — UST, a leading digital transformation solutions company, has announced its role as an Innovation vendor for Project Rosalind, an experiment in application programming interface (API) prototypes for central bank digital currencies (CBDC) from the Bank for International Settlements (BIS) and the Bank of England (BOE) via the BIS Innovation Hub London Centre. Uniting leading innovators from their respective industries, Project Rosalind developed and tested prototypes for an application programming interface (API) specifically built to distribute retail CBDCs.
CBDCs have the potential to positively disrupt and drive innovation across several sectors. UST collaborated with the BIS and BoE on the development of the API layer as well as the exploration of a range of use cases for the CBDC ecosystem. A prototype API layer was developed for the project, featuring thirty-three API endpoints grouped into six functional categories. More than thirty use cases identified and explored by public and private sector collaborators served as testing and validation for the architecture and features of the APIs. The success of Project Rosalind proved that API layers can be used by central banks to safely distribute CBDC to consumers via private sector service providers while simultaneously enhancing privacy, accountability, and convertibility.
UST played a pivotal role organizing the API development work, running innovation sessions as well as building a secure and functional API layer. UST also partnered with Quant, the blockchain for finance pioneer, to provide the underlying infrastructure and blockchain platform.
In a press release by BIS, Francesca Hopwood Road, Head of the BIS Innovation Hub London Centre, said, “The Rosalind experiment has advanced central bank innovation in two key areas: by exploring how an API layer could support a retail CBDC system and how it could facilitate safe and secure CBDC payments through a range of different use cases.”
“Digital Currency has the potential to transform financial enterprises and revolutionize the end-user experience. The success of Project Rosalind with UST showcases how public-private collaboration and innovation can significantly accelerate time to market for solutions and result in tangible benefits for everyone. I’m proud of the work that we have done on this project and how it exemplifies our focus on transforming lives,” said Krishna Sudheendra, Chief Executive Officer, UST.
“At UST, innovation is at the center of all our transformation projects, and we put those principles into practice through this partnership. By leveraging our engineering experience and approaching the collaboration with an agile and aligned mindset, we were able to combine the strengths of each company to deliver an outstanding product,” said Tanveer Mohammed, Head of Innovation for UK, UST.
The prestigious London Innovation Hub Centre was established by BIS in 2021 and is one of six international nodes working to develop public goods in the technology space to support central banks and improve the functioning of the financial system.
UST’s work on Project Rosalind is just one of its many high-profile collaborations as part of its commitment to driving digital transformation. Over the past two decades UST has established itself as a key business transformation partner across a range of dynamic industries. For more information on UST and its work driving digital innovation, please visit the UST website.
Project Rosalind demonstrated that a well-designed application programming interface (API) layer can enable a central bank ledger to interact with private sector service providers to safely provide retail CBDC payments. The project has also demonstrated the potential of a CBDC system to enable a robust ecosystem to foster innovation, and to help meet the future needs of a more digitalised society. The key learnings and outcomes from the successful collaboration have been released and can be found here.
About the BIS Innovation Hub London Centre
The BIS Innovation Hub has a threefold mandate:
- We identify, in a structured and systematic way, critical trends in technology affecting central banking in different locations, and develop in-depth insights into these technologies that can be shared with the central banking community.
- We develop public goods in the technology space geared towards improving the functioning of the global financial system.
- We serve as the focal point for a network of central bank experts on innovation, with regular events to promote exchange of views and knowledge-sharing. These efforts complement the well established cooperation within the BIS-hosted committees.
The BIS Innovation Hub London Centre was established in 2021. Its current project focus areas are central bank digital currency (CBDC), next generation financial market infrastructures and supervisory technology (suptech).
To learn more, visit bis.org.
About Quant
Quant is the foundation of the blockchain economy. Assets of all kinds, from currencies to carbon credits, are being tokenised on blockchain, making their ownership immutable, their provenance traceable and their use easy to manage. Our patent-pending technology makes this simple, trusted and future-proof. We work with financial institutions and other enterprises to dramatically reduce their time-to-market, create new revenue lines, and mitigate risk by delivering enterprise-grade solutions built with security and compliance front of mind. Founded in 2018, Quant is UK-based with a US presence. We spearheaded the Blockchain ISO Standard TC307 adopted by 57 countries and solved interoperability with the creation of the world’s first interoperable blockchain platform, Overledger.
To find out more, visit quant.network
Media contact, Quant
Andrew Carrier
Chief Marketing Officer
[email protected]
About UST
For more than 23 years, UST has worked side by side with the world’s best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients’ organizations—delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com
Media Contacts, UST:
Tinu Cherian Abraham
+1 (949) 415-9857
Merrick Laravea
+1 (949) 416-6212
Neha Misri
+91-9284726602
[email protected]
Media Contacts, U.S.:
S&C PR
+1-646.941.9139
[email protected]
Makovsky
[email protected]
Media Contacts, U.K.:
FTI Consulting
[email protected]
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Blockchain Press Releases
Blockstream Mining Announces Strategic Focus on Proprietary Mining and Vertical Integration
Backed by $350 Million in Financing, Company Scales Infrastructure with Over 120,000 Miners Acquired Since Spinout
MONTREAL, April 30, 2025 /PRNewswire/ — Blockstream Mining, now operating as an independent entity, today announced its sharpened strategic focus on proprietary mining and full vertical integration. The company, which has been a foundational player in the global Bitcoin mining ecosystem since its inception, will concentrate on expanding its self-mining footprint while building the energy infrastructure required to support long-term scalability and resilience.
Following its spinout from Blockstream earlier this year, Blockstream Mining has secured over $350 million in financing, including equity, debt, and tokenized asset sales. The capital raise has enabled rapid execution on key infrastructure initiatives, including the acquisition of over 120,000 miners to fuel the company’s next phase of growth.
“Bitcoin mining is no longer just about machines and megawatts—it’s about owning and optimizing the entire value chain,” said Chris Cook, CEO of Blockstream Mining. “As the industry matures, those who control their own energy and infrastructure will be best positioned to thrive. We’re doubling down on our mission to be one of the most efficient, vertically integrated mining operations in the world.”
Blockstream Mining is deploying capital toward the development of new energy generation assets—particularly renewable and hybrid power systems—to reduce dependence on third-party providers and shield operations from energy market volatility. This approach supports cost stability, improves environmental performance, and ensures maximum uptime across its expanding fleet.
The vertical integration roadmap includes:
- Expansion of Proprietary Mining: Rapid growth in self-mining capacity across North America, anchored by cost-effective, high-uptime sites.
- Infrastructure Ownership: Continued investment in power infrastructure and on-site energy generation to maintain control over critical operational inputs.
- Operational Excellence: Leveraging Blockstream’s engineering legacy and technical depth to drive efficiency across deployment, cooling, and energy management.
Chris Cook, who launched Blockstream Mining and has led the business since its inception, serves as CEO of the newly independent company. Dr. Adam Back, Co-Founder and CEO of Blockstream, will continue to play a valued role in the company’s strategic direction as Chair of the Advisory Board. In this capacity, Dr. Back will provide high-level guidance on technology, infrastructure development, and capital strategy, helping to ensure that Blockstream Mining remains at the forefront of Bitcoin mining innovation.
As part of the spinout, the Blockstream Satellite program — which broadcasts Bitcoin’s blockchain globally via satellite to enhance network resilience and accessibility — will also transition under the new entity’s stewardship. Blockstream Satellite is already an integral part of Blockstream Mining’s operations, providing connectivity for mining sites in remote locations where traditional internet infrastructure is unreliable or unavailable, further strengthening the company’s commitment to security, uptime, and decentralization.
Blockstream Mining has always been about delivering secure, scalable Bitcoin infrastructure,” said Dr. Adam Back. “With this transition, Chris and the team are exceptionally well-placed to carry the vision forward—scaling with independence, deep technical expertise, and a steadfast commitment to Bitcoin’s long-term success. I look forward to collaborating in this next chapter to build something truly enduring.”
“We’re proud of our roots and even more excited about what comes next,” added Cook. “With strong capital backing, clear focus, and full control over our operations, we’re building the backbone of Bitcoin’s future—one megawatt at a time.”
For media inquiries or more information, please contact:
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/blockstream-mining-announces-strategic-focus-on-proprietary-mining-and-vertical-integration-302442127.html
Blockchain Press Releases
Welcome to the 1V1 Trading Arena: Bybit Blends Gameplay With Real Crypto Wins for Pro and New Users
DUBAI, UAE, April 30, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to unveil the 1V1 Trading Arena, gamifying trading experience for crypto pros and beginners in the first ever 1-on-1 trading battle on Bybit. The competition allows eligible Bybit users to battle another individual trader and share in $1,000,000 in airdrops.
Designed for both seasoned pros and newcomers, the event offers rewards for every trading style. From now until May 22, 10AM UTC, participants can engage in direct PnL (Profit and Loss)-based battles against fellow traders.
Highlights
- Pro Trader Face-Offs: Users may race one another without having to join squads, allowing individual traders to demonstrate their tradecraft to the fullest.
- Performance, Not Size: The trader with the higher Profit and Loss percentage will emerge victorious, no matter the invested amount.
- Flash Rewards in Seconds: The winning trader will get to claim the rewards of each match immediately.
- Race at Their Pace: Participants can choose their own battle mode from 1 to 4 hours–Blitz, Rush, or Endurance. Bybit’s powerful trading tools are at their disposal to help them set positions and automate entry and exit points.
In addition, newcomers will get a chance to join a lucky draw and win up to 100 USDT when they win the first match. Users may also receive referral bonuses of up to 20% of the referees’ points.
Tune in Live: The Ultimate KOL Trading Battle
The 1V1 Trading Arena reinvents traditional trading competitions and enables users to take full control of their portfolios and strategies, blending gameplay with rewards powered by Bybit’s suite of trading solutions.
The stakes are about to get higher on May 7 where two influential crypto traders will compete head to head on Bybit Live. The audience will get to witness the drama unfold in real time, hear tips on how to get the most out of the campaign from the trading pros, while taking part in interactive giveaways for a chance to win from a 1,000 USDT prize pool during the session.
- Livestream Link: 1v1 KOL Trading Arena Showdown
- Date and Time: May 7, 2025, 8AM UTC
Terms and conditions apply. To find out more about the unique trading competition, users may visit: 1V1 Trading Arena: Face-off for big rewards!
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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View original content:https://www.prnewswire.co.uk/news-releases/welcome-to-the-1v1-trading-arena-bybit-blends-gameplay-with-real-crypto-wins-for-pro-and-new-users-302442774.html
Following a series of successful global editions, DIFY is making a highly anticipated return to the innovation capital of the world — Dubai. The Dubai Blockchain Night 2025, organized by DIFY, took place on 29 April 2025, delivering an electrifying evening of networking, discovery, and gamified engagement right at the iconic doorstep of Palace Downtown.
We are proud to introduce our Title Sponsor – STIQY, the trusted growth and loyalty tool crafted for rising Web3 projects. Attendees experienced live interactive CTA campaigns powered by STIQY’s customizable, white-label solutions—designed to drive scalable engagement and long-term user retention.
Building on the momentum of past editions in Singapore, South Korea, Malaysia, Vietnam, Thailand and previous Dubai showcases, this year’s Dubai Blockchain Night featured a gamified experience where participants dive into real-time activation challenges onsite — gaining first-hand exposure to how STIQY’s dynamic tools operate.
Event Highlights:
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Title Sponsor: STIQY
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Co-hosts: EMERGE Group, DTC Group, 9 Cat Group
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Date: 29 April 2025
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Location: Palace Downtown
Sponsors include Verrefin, Rapidz, Sei and Avocado Guild.
Highly Curated Networking
The event brought together over 500 participants, including top Web3 stakeholders and decision-makers from the MENA and APAC regions. It served as an exclusive, invite-only gathering for founders, builders, venture capitalists, and media to connect and collaborate.
The post DIFY Announces Return to MENA with Dubai Blockchain Night 2025 appeared first on News, Events, Advertising Options.
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