Tag: Launch

SEC fines Van Eck $1.75m for influencer’s role in ETF launch

The U.S. Securities and Exchange Commission (SEC) has imposed a hefty $1.75 million civil penalty on prominent investment adviser Van Eck Associates Corporation. In a Feb. 16 statement, the SEC disclosed that during Van Eck’s 2021 launch of a new exchange-traded fund (ETF), the VanEck Social Sentiment ETF, the investment firm did not fully disclose the involvement of a well-known social media personality in the marketing of the product.  SEC is making VanEck pay a $1.75m fine bc they didn’t disclose to fund board that “well-known and controversial” social media…

UNI Token Primed For Growth As New Chain Launch Loom

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Uniswap, one of the world’s largest decentralized exchanges (DEX), is poised for significant growth with the upcoming launch of its V4 upgrade. This anticipated update will introduce custom Automated Market Maker (AMM) functionality directly on top of Uniswap, eliminating the need for separate AMM designs. In addition, Uniswap’s governance token, UNI, has seen notable growth, with a 6.8% increase in the last 24 hours and an 8% increase in the previous 30 days, bringing the UNI token to $7.318. However, while these developments favor the exchange and investors, decentralized finance…

Sushi Partners With Layer N to Launch High-Speed Derivatives Exchange

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Sushi, the multi-chain decentralized exchange (dex), plans to launch a new high-speed derivatives exchange called Susa using Layer N’s scaling technology, Sushi revealed on Tuesday. The partnership aims to rival centralized exchanges by processing over 100,000 transactions per second with milliseconds of latency. Susa’s Debut on Layer N Promises New Era for Dex Platforms Sushi […] Source

Zimbabwe to Launch ‘Structured Currency’ Linked to Gold, Says Finance Minister

The Zimbabwean government plans to launch what it calls a “structured currency.” Some commentators and social media users have expressed skepticism over the government’s latest currency plans. Zimbabwe’s Structured Currency The Zimbabwean Finance Minister, Mtuli Ncube, has said his government plans to halt the local currency’s freefall by linking it to gold and establishing a […] Source CryptoX Portal

Nervos Network’s CKB up 56% amid launch of RGB++ client for Bitcoin

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The CKB token of Nervos Network has rapidly soared by over 55% shortly after developers released RGB++, an extension protocol base designed to work with Bitcoin. According to data from CoinMarketCap, Nervos Network‘s CKB has experienced a noticeable surge of over 55% following the release of RGB++, an extension protocol designed to enhance compatibility with Bitcoin. Over the past 24 hours, the trading volume of CKB increased by over 1,800% up to $116.4 million, data shows. CKB price in USD | Source: CoinMarketCap This surge propelled the token to levels…

Shiba Inu On Cusp Of Lunar Launch; 1.3T SHIB Barrier On Radar

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Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” is wagging its tail with anticipation as it approaches a critical juncture. The meme coin, known for its massive community and playful branding, is on the cusp of breaking through a key resistance level, potentially unleashing a new wave of bullish momentum. Shiba Inu Hovering Around Profitability Cluster Currently, SHIB is hovering around the $0.00001 mark, a price point that represents more than just a number. It serves as a crucial “profitability cluster,” where a staggering 1.3 trillion SHIB tokens reside – tokens…

Prometheum’s Ethereum Custodial Launch Puts SEC’s ETH Classification In The Spotlight

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Prometheum, an “alternative” trading platform for crypto “securities” assets, has recently announced the launch of its custodial services for Ethereum (ETH). This move has significant implications for the legal status of the second-largest cryptocurrency by market capitalization.  Fortune Magazine reported that the company’s strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), to recognize Ethereum as a security.  SEC Pressured To Settle Ethereum Legal Status Per the report, Prometheum, based in New York, has positioned itself as a compliant player in the crypto industry by claiming to…

Ethereum Dencun Upgrade Launch Boosts ETH Price, Eyes 90% Fee Reduction

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Ethereum (ETH) has made significant strides in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet.  This is seen as a crucial step towards deploying the upgrade on the mainnet, signaling Ethereum’s progress in improving transaction efficiency, and scalability and reducing transaction fees by up to 90%. As a result, ETH has surged 2.9% in the last 24 hours, breaking its previous downtrend. Ethereum Dencun Upgrade The Dencun upgrade was first activated on the Sepolia testnet in January 2024, following its deployment on…

Social App Friendzone to Launch on Polygon Network

Registered users surged more than 600% from December to January, and there were 10,000 completed user quests, or activities, in January alone. The pre-launch progressive web app is initially open only to Friendzone’s network of partners, investors and in-person event attendees for early sign-ups. It claims to have seen over 3,000 registrations. Source

Polkadot declining, Bitcoin under pressure as excitement builds ahead of Pullix launch

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin (BTC) and Polkadot (DOT) prices remain volatile. Meanwhile, interest in Pullix (PLX), a hybrid cryptocurrency exchange launching in 30 days, is rising.  Pullix launching in 30 days The Pullix presale is at its tail end. Afterward, the hybrid exchange will launch in 30 days. The project has gained significant support and funding from investors. This surge in interest is due to the platform’s profit-sharing model and approach to…