Flutterwave, a Nigerian fintech startup, has partnered with the Economic and Financial Crimes Commission (EFCC) to establish a cybercrime research center. This strategic initiative aims to intensify the fight against internet crime, enhance the security of business transactions, and provide opportunities for Nigerian youth. The partnership was formalized through a Memorandum of Understanding (MoU) signed […] Source CryptoX Portal
Tag: Launch
Standard Chartered Set to Launch Spot Crypto Trading for Bitcoin, Ethereum
The British multinational banking and financial services firm Standard Chartered is initiating a spot cryptocurrency trading platform for bitcoin and ethereum, Bloomberg sources reveal. Sources Say Standard Chartered Ready to Launch Bitcoin and Ethereum Trading Operations On June 21, Bloomberg’s Emily Nicolle cited sources knowledgeable about the plans, stating that Standard Chartered is on the […] Original
3iq Files to Launch Solana Exchange-Traded Product in Canada
3iq Digital Asset Management has announced that its solana fund has filed a preliminary prospectus for an initial public offering in Canada. The fund aims to become the first solana (SOL) exchange-traded product (ETP) in North America. Its objectives include providing exposure to the cryptocurrency, long-term capital appreciation, and staking yield. The Fund Seeks to […] Source
Coinbase Investor and Openai Veterans Unite to Launch Safe Superintelligence
In a significant development in the Artificial intelligence (AI) industry, Daniel Gross, known among other things for his investment in the cryptocurrency platform Coinbase, has teamed up with Ilya Sutskever, former Chief Scientist at Openai, and Daniel Levy, a former Openai employee and an expert in AI privacy, to launch a new venture. The new […] Source CryptoX Portal
Ethiopia Approves CBDC Launch Draft Proclamation
The Ethiopian Council of Ministers recently approved a draft proclamation that paves the way for the launch of a central bank digital currency (CBDC). The National Bank of Ethiopia (NBE) stated that the draft considers rapid technological advancements and draws from the experiences of fellow central banks. Proclamation Grants Ethiopian Central Bank Authority to Launch […] Source CryptoX Portal
Waka Flocka Flame’s Crypto Launch Crashes into Insider Trading Scandal
The red carpet of cryptocurrency rolled out for rapper Waka Flocka Flame’s FLOCKA token launch on June 17th, but quickly transformed into a red flag for investors. Suspicious pre-launch activity has cast a long shadow over the new coin, sparking accusations of insider trading and raising concerns about celebrity involvement in the volatile crypto market. Related Reading 40% FLOCKA Disappears Before Takeoff Blockchain detectives were the first to sound the alarm. Just before FLOCKA’s official debut, a single wallet swooped in and gobbled up a staggering 40% of the entire…
Paxos Lays Off 65 Employees Following Yield-Bearing Stablecoin Launch
According to sources familiar with the matter, the stablecoin issuer Paxos is cutting 20% of its workforce. This development comes on the heels of Paxos International’s announcement of its yield-bearing stablecoin. Paxos Trims Workforce by 20% Bloomberg reports that Paxos has laid off 65 employees, which accounts for 20% of its staff. The information was […] Source CryptoX Portal
Boxing Sensation Ryan Garcia Teases the Launch of His Own Meme Coin
In a series of recent social media posts, American professional boxer Ryan Garcia hinted at the creation of his own meme coin. “Whatever coin I create I will go hard asf,” Garcia stated in one post, indicating his commitment to the project. In a subsequent post, he added, “When I drop this meme coin, it’s […] Source CryptoX Portal
ASX set to launch Australia’s first spot Bitcoin ETF
The Australian Securities Exchange (ASX) will debut its first exchange-traded fund directly investing in Bitcoin (BTC) on June 20. The VanEck Bitcoin ETF to launch on ASX According to reports, the first Bitcoin ETF to debut on Australia’s primary stock market is the VanEck Bitcoin ETF. This spot ETF allows investors to gain exposure to Bitcoin through a regulated, transparent, and well-established investment vehicle. Ever since the Gary Gensler-led Securities and Exchange Commission (SEC) greenlighted the U.S.’s first spot Bitcoin ETF in January, other regions have been scampering to join…
Nicehash Partners With Marathon to Launch Custom Firmware for ASIC Bitcoin Miners
The bitcoin hashing power marketplace, Nicehash, has launched custom software for ASIC miners optimized for its mining platform. The firmware is designed to help miners drive greater efficiency from ASIC devices and increase revenue. Nicehash CEO said the collaboration with Marathon will strengthen its market position and enable miners globally to attain unparalleled efficiency and […] Original