Tag: Launch

Re7 Capital Partners with Republic Crypto to Launch $100M Fund

VCs remain the major source through which institutional investors access crypto. Venture capital (VC) firm Re7 Capital has tapped web3 advisory and crypto infrastructure firm Republic Crypto to launch a $100 million fund for liquid tokens. The fund, which is dubbed RxR Opportunities Fund, is one of the early initiatives of the 2022 strategic joint venture between the two firms. According to The Block, the fund will allow eligible investors to have access to a limited number of hand-picked crypto tokens, with a focus on those tokens with medium-sized market…

Astar Network to launch smart contracts that support two virtual machines

Multichain decentralized application (DApp) protocol Astar Network will launch the second iteration of its smart contracts that supports both Ethereum Virtual Machine (EVM) WebAssembly Virtual Machine (WASM VM) on its mainnet on April 6.  In an announcement sent to Cointelegraph, Astar Network founder Sota Watanabe explained that the new update would allow the creation of WASM or EVM projects within their network and allow the inception of new multichain apps. According to Watanabe, the new upgrade will let people connect their Astar project to any Polkadot or EVM-based ecosystems. The…

PancakeSwap changes its recipe with the launch of Version 3

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Decentralized finance (DeFi) protocol PancakeSwap has launched version 3 of its automated market maker platform on BNB Chain and Ethereum, with the upgrade encompassing performance improvements and lower fees. Enhanced capital efficiency is cited as a key aspect of the upgrade, with a change in how liquidity providers can allocate capital on specific price intervals. In the previous version of PancakeSwap, liquidity from providers (LPs) was distributed uniformly along the price curve of trading pairs, which the platform notes was inefficient given that assets typically trade within certain ranges. V3…

Crypto Exchange Gemini to Launch International Derivatives Exchange

The collapse of FTX in November might have played a major role in the decision of Gemini to foray into derivatives trading. A new report from The Information suggests that Gemini will soon launch an international cryptocurrency derivatives exchange. According to the report, Gemini has been silently working behind the scenes in the past few months to bring the plan to fruition. As part of its efforts, the exchange has reportedly reached out to several firms that can provide it with enough liquidity as it begins to work on the…

Crypto Exchange Bybit Partners With Innovation Growth Hub to Launch Blockchain Education Program – Bitcoin News

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Bybit has said it is inviting African youths that wish to attend a blockchain education training program to submit their applications. The training and educational program is expected to help the participating individuals learn the fundamentals of blockchain technology. Understanding the Blockchain Bybit, one of the world’s leading global crypto exchanges, has partnered with Innovation Growth Hub to launch a blockchain education and training program targeting African youths. The training program is expected to help young people learn and understand the fundamentals of blockchain, as well as how this creates…

Andy Warhol Artworks to Launch on New Blockchain-based Platform

Each of four Warhol’s prints will be accessible as shares in the form of security tokens. Tokenized versions of some of the artworks of Andy Warhol are set to launch on a new fine platform known as Freeport. This follows after the blockchain-based art-focused platform recently bagged approval from the US Securities and Exchange Commission (SEC).  Freeport was recently looking to complete its Reg A review and its efforts finally paid off on Wednesday. This simply implies that Freeport is now licensed to sell shares of fine artworks in the…

UK Government Drops Plan to Launch NFT With Royal Mint – Regulation Bitcoin News

The U.K. government has confirmed that it is not proceeding with a plan to launch a non-fungible token (NFT). British Prime Minister Rishi Sunak asked the Royal Mint to create an “NFT for Britain” while he was serving as the Chancellor of the Exchequer last year as part of his efforts to make the U.K. a global hub for crypto-asset technology and investment. Britain Drops NFT Plan Parliament Member Harriett Baldwin, chair of the House of Commons Treasury Select Committee and a member of the NATO Parliamentary Assembly, asked the…