Tag: Launch

Polkadot parachains spike after the launch of a $250M aUSD stablecoin fund

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Crypto prices have been exploring new lows for weeks and currently it’s unclear what it will take to reverse the trend. Despite the downtrend, cryptocurrencies within the Polkadot (DOT) ecosystem began to rally on May 24 and have managed to maintain gains ranging from 10% to 25%, a possible sign that certain sub-sectors of the market are on the verge of a breakout. Here’s a look at three Polkadot ecosystem protocols that have seen their token prices trend higher in recent days. Acala launches a $250 million aUSD ecosystem fund…

MetaKings Raises $15M to Launch Web 3 Strategy Game Blocklords

Web 3 game studio MetaKings has raised $15 million in a seed funding round that included Makers Fund and Bitkraft Ventures, according to a press release provided to CoinDesk. The funding will be used for game development and a marketing campaign for the studio’s first game, Blocklords, a massively multiplayer online (MMO) title set in medieval times that’s slated to launch next year. Source

Central African Republic to launch official crypto hub ‘Sango’

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Shortly after approving Bitcoin (BTC) as legal tender in the Central African Republic (CAR), the local government is moving to provide the digital currency infrastructure. CAR President Faustin-Archange Touadera took to Twitter on May 24 to announce the upcoming launch of the country’s first major crypto initiative dubbed “Sango.” The creation of the CAR’s crypto hub comes soon after the National Assembly unanimously adopted Bitcoin as legal tender, Touadera noted. Following the unanimously adoption by the National Assembly of the #BTC legal tender status, we are pleased to showcase the…

Major Japanese Bank Sumitomo Mitsui Trust to Launch Cryptocurrency Custody Business – Bitcoin News

Sumitomo Mitsui Trust, one of the major banking institutions in Japan, will reportedly enter the cryptocurrency custody business. The company is entering a partnership with Bitbank, a Tokyo-based cryptocurrency exchange, to launch a new company that will focus on offering institutional-grade custody for digital assets and NFTs. Sumitomo Mitsui Trust Bank to Enter Digital Custody Business Sumitomo Mitsui Trust Bank, a major financial institution in Japan, has decided to enter the cryptocurrency custody business. The company announced that it will launch a digital assets custody company in partnership with Bitbank,…

Ex-Deutsche Telekom Team Launch Liquid Staking Division at Crypto Custodian Finoa

“It was great working for Deutsche Telekom, with this awesome power behind you and being able to steer it once in a while,” Dittrich said. “But really, the speed at which you can move stuff in a company like Finoa is enormous and it’s fully crypto native. Something that had always been pretty exhausting at Deutsche Telekom was having to convince people, ‘do we want to do that blockchain thing?’” Source

Crypto Firms Launch Community-Powered Scam Reporting Platform ‘Chainabuse’ – Featured Bitcoin News

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Several crypto firms, including Binance and Circle, have launched a new crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.” New Crypto Scam Reporting Platform Launched A number of crypto firms have joined forces and launched a new, multi-chain scam reporting platform. TRM Labs, Circle, Solana Foundation, the Aave Companies, Hedera, Binance.us, and Civic announced last week “the launch of a new community-powered scam reporting platform, Chainabuse.” The platform, operated by blockchain intelligence…

LongHash Ventures Partners With Protocol Labs to Launch the Third LongHashX Accelerator Filecoin Cohort – Blockchain News, Opinion, TV and Jobs

LongHash Ventures, Asia’s first Web3 Accelerator and one of Asia’s leading Web3 venture funds, is continuing its partnership with Protocol Labs, creator of Filecoin and IPFS, to launch the 3rd LongHashX Accelerator Filecoin Cohort. The program aims to accelerate early-stage teams building projects in the Filecoin ecosystem. Established in 2018, the LongHashX a Web3 investment fund and accelerator, has partnered with notable ecosystems such as Polkadot, Algorand, and Filecoin, among others. Past graduates from Filecoin Cohorts include Lit Protocol, a decentralized access control network; Huddle01, a decentralized secure video calling…

fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher

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After a strong 2,000% rally in early 2021, Fantom (FTM) price collapsed alongside multiple altcoins and even though the blockchain has an impressive capability, it has yet to find mass adoption due to the lack of a compelling use case. FTM price hit an all-time high at $3.46, only to collapse to its pre-bull market lows under $0.25 after the failure of the Solidly DeFi project and the departure of developer Andre Cronje.   Data from Cointelegraph Markets Pro and TradingView shows that since dropping to $0.238, FTM has rallied 119.23%…

Crypto Exchange Giant Coinbase Announces Launch of New Crypto-Focused Think Tank

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The leading US-based crypto exchange is announcing the launch of the Coinbase Institute, a new global think tank created to debate and advance the future of crypto and Web 3.0 protocols. According to a new Coinbase blog post, the think tank is launching with the purpose of bringing together academics, policymakers, and prominent figures within the crypto community to research and discuss the future of blockchain-based technologies. “Our mission is to accelerate rigorous, novel research, and to bring together the best minds across disciplines to fuel progress on decentralization, Web…

FTX US to launch stock trading against stablecoins

Major cryptocurrency exchange FTX is moving into equity trading, with its United States-based subsidiary FTX US launching a stock trading platform. West Realm Shires Services, the owner and operator of FTX US, announced on May 19 the upcoming launch of FTX Stocks, a stock trading service offered directly through the FTX US trading app. The new stock trading platform will feature trading and investing in hundreds of U.S. exchange-listed shares, including common stocks and exchange-traded funds. According to the announcement, FTX Stocks will be the first platform to ever allow…