Tag: Launch

XRP Won’t Turn Into Bank Stablecoin Post-AMM Launch: Expert

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In the wake of Ripple’s announcement regarding the integration of an Automated Market Maker (AMM) into the XRP Ledger (XRPL), the community has been abuzz with speculation and debate. Central to this discourse is the potential transformation of XRP in light of this update, particularly in regard to its classification and function as a digital asset. Ripple’s Chief Technology Officer, David Schwartz, previously hailed this update as the most significant for XRPL, raising expectations among stakeholders. Additionally, at the recent Swell conference, Ripple revealed plans to integrate its rebranded Ripple…

Disney Partners Dapper Labs to Launch NFT Collectibles Platform

The release date has not been confirmed, but the platform is already claimed to become an ‘all-new socially driven collectible experience that brings the magic of pin collecting to the digital age’. Entertainment giant the Walt Disney Company (NYSE: DIS) has joined forces with a leading blockchain-based video games developer Dapper Labs Inc. to launch an NFT collectibles platform. Dubbed “Disney Pinnacle”, the platform will allow collectors to buy and trade branded NFTs minted on the Flow (FLOW) blockchain. Roham Gharegozlou, co-founder and CEO of Dapper Labs, commented: “Disney Pinnacle…

Circle CCTP Sets Date for Noble Launch, for USDC on Cosmos, dYdX

“What is important here is the sheer amount of USDC liquidity we expect to migrate to Cosmos using this novel non-custodial bridging mechanism,” said Jelena Djuric, CEO and co-founder of Noble. “DYdX is uniquely positioned to be the first power user of CCTP given its v3 product on Ethereum and the industry-leading trading volumes of billions of dollars per day it has achieved.” Source

Executives Behind Backpack Wallet Gearing Up To Launch New Crypto Exchange That Aims To Protect User Funds: Report

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The creators of the Backpack wallet are reportedly gearing up to launch a new crypto exchange with the ethos of properly securing user funds. Trek Labs, a firm led by Backpack wallet creator Armani Ferrante and former FTX general counsel Can Sun, has received a crypto license from the United Arab Emirates’ regulators, the Wall Street Journal (WSJ) reports. As part of the launch, the venture aims to sell a 10% stake to investors at a valuation of more than $100 million. Backpack wallet is already an established wallet, especially…

CBOE to launch BTC, ETH margin futures trading in January with 11 firms supporting

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Cboe Digital has announced the launch date of Bitcoin (BTC) and Ether (ETH) margin futures trading – Jan. 11, 2024. The regulated crypto-native exchange and clearinghouse will become the first in the United States to offer both spot and leveraged derivatives trading on a single platform, it said in a statement. Margin trading increases capital efficiency by allowing customers to trade futures without posting full collateral. The ability to carry out spot and derivative trading on the same platform will also increase efficiency. Cboe Digital president John Palmer said: “We…

Former FTX execs launch exchange in wake of fraud scandal

Former FTX executives, including a witness against Sam Bankman-Fried, have launched a new crypto platform called Backpack that pledges transparency. According to the Wall Street Journal report, Can Sun, the former general counsel for FTX and a key witness in the trial of founder Bankman-Fried, is behind the new venture. A beta version of Backpack is expected to launch soon. A group of former FTX executives, including one who served as a key witness against Sam Bankman-Fried, are teaming up to build a new cryptocurrency exchange that aims to solve…

LATAM fiat ramp partners with Finery Markets to launch institutional OTC desk

Transfero, a major fiat onramp provider in Latin America, has partnered with the cryptocurrency trading technology company Finery Markets to launch an institutional over-the-counter (OTC) cryptocurrency trading desk, Finery Markets announced Friday. Per an announcement shared with crypto.news, the partnership will allow Transfero — which operates the Brazilian Real and Argentine Peso-pegged stablecoins BRZ and ARZ — to employ Finery Markets’ trading software FM Liquidity Match. This will give Transfero access to global OTC liquidity sources and automated trade execution to facilitate large-scale cryptocurrency trades for institutional clients. OTC cryptocurrency…

Nigeria and UK foundation launch Code Clubs for digital literacy

The Federal Government of Nigeria, through the Ministry of Communications, Innovation and Digital Economy, has entered into a partnership with a UK-based computing education charity, Raspberry Pi Foundation, to launch Code Clubs across Nigeria. The initiative is crafted for students aged 7 to 17, and the Code Clubs represent a series of extracurricular artificial intelligence (AI) programming clubs aimed at fostering digitally literate and innovative young minds in Nigeria. Announcing the program in a statement issued on Wednesday, Nov. 8, the ministry said the Code Clubs will introduce participants to…

Ark Invest Partners with 21Shares to Launch New Crypto ETFs Suite

The entire world of finance (both traditional and crypto) is eagerly waiting for the US SEC to approve spot Bitcoin ETF. Preparations are in top gear as Cathie Wood’s Ark Invest is moments away from launching a new “suite” of exchange-traded funds (ETFs). In line with this ambition, the asset management company has partnered with the world’s largest crypto ETP issuer 21Shares. According to Ark Invest, the suite will open up an array of options to investors who are looking to diversify their portfolios. 21Shares also shares similar sentiments with…