Tag: Launch

Bitcoin ETF launch could be delayed more than a month after SEC approval

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With the United States Securities and Exchange Commission’s first window opening up for the approval of a spot Bitcoin ETF, analysts have noted that even if the SEC approves a spot Bitcoin (BTC) exchange-traded fund (ETF), it will be a month before the actual launch. The expected delay in launch following a potential SEC approval would be due to the two-step process of launching an ETF. For an issuer to start a Bitcoin ETF, it must get SEC approval from the Trading and Markets division on its 19b-4 filing and…

Former Cantor leaders launch crypto lending service ahead of potential Bitcoin ETFs

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Digital Prime Technologies, founded by former Cantor Fitzgerald executives, has launched a crypto lending platform named Tokenet, aiming to capitalize on the potential U.S. regulatory approval of Bitcoin ETFs. Digital Prime Technologies, a company launched by former Cantor Fitzgerald executives, has entered the crypto lending market with a new platform named Tokenet. The platform is aimed at positioning itself for a boom expected with the potential approval of Bitcoin exchange-traded funds (ETFs) in the United States. Already serving clients such as Xapo Bank, Tokenet allows the lending of digital assets…

HSBC and Ripple’s Metaco to Launch Tokenized Securities Custody Service for Institutional Clients

HSBC, which is one of the largest banks in the world, revealed that for now, its custody plans involve “tokenized securities issued on third-party platforms.” HSBC Holdings (LSE: HSBA), in partnership with Ripple Labs subsidiary Metaco, has announced plans to launch a digital assets custody service for institutional clients. The service will offer custody for assets such as tokenized securities and is expected to launch next year. It will complement HSBC’s Orion digital assets issuance platform and its recently launched gold tokenization platform to form a complete digital asset offering…

Stablecoin issuer Circle weighing up 2024 public launch: Report

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USD Coin (USDC) issuer Circle is contemplating an initial public offering (IPO) in early 2024, according to Bloomberg. A Nov. 7 Bloomberg report citing people with knowledge of the matter said the stablecoin issuer is talking to its advisers about the move but there’s no certainty the deliberations will result in a public listing. Circle first agreed to go public in a $4.5 billion merger with Concord Acquisition in July 2021 but that deal fell through. “Becoming a U.S.-listed public company has long been part of Circle’s strategic aspirations,” a…

Ex-Cantor execs launch crypto lending platform in expectation of Bitcoin ETFs

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A new crypto-lending platform dubbed Tokenet says it will service what it expects to be an influx of institutional clients following the potential United States approval of spot Bitcoin (BTC) exchange traded fund (ETF).  The platform was launched by a team of executives who previously headed financial services firm Cantor Fitzgerald who since joined a new brokerage firm called Digital Prime Technologies. In a Nov. 7 statement, Tokenet said it will allow firms to borrow and lend digital assets while managing collateral positions. The platform also offers risk management tools…

Custodia Bank announces Bitcoin custody platform launch

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Custodia Bank founder and Bitcoin advocate Caitlin Long took to the X platform on Nov. 7 to announce the launch of its Bitcoin custody platform. According to the announcement, the custody service is said to be designed for businesses such as fiduciaries, investment advisers, fund managers and corporate treasurers. In-house development As a non-lending bank, Custodia is introducing an integrated solution that combines Bitcoin custody and U.S. dollar services, although not FDIC-insured, within a single platform.  1/ BIG NEWS!! Custodia’s #Bitcoin custody platform recently went live. Custodia is a *BANK*…

‘107,000 GPUs on the waitlist’ — io.net beta launch attracts data centers, GPU clusters

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Over 100,000 GPUs from data centers and private clusters are set to plug into a new decentralized physical infrastructure network (DePIN) beta launched by io.net. As Cointelegraph previously reported, the startup has developed a decentralized network that sources GPU computing power from various geographically diverse data centers, cryptocurrency miners and decentralized storage providers to power machine learning and AI computing. The company announced the launch of its beta platform during the Solana Breakpoint conference in Amsterdam, which coincided with a newly formed partnership with Render Network. Tory Green, chief operating…

DZ Bank partners with Ripple to launch blockchain custody service

DZ Bank launches a blockchain-based digital asset custody platform, advancing Germany’s crypto services for institutional and private clients. The second largest bank in Germany, DZ Bank, has unveiled a proprietary service for safeguarding crypto assets, targeting institutional clientele. This service will leverage the capabilities of Metaco Harmonize, a platform developed by the blockchain firm Ripple. The move signifies a merger of conventional banking and blockchain in Germany. The partnership also signifies an achievement for Ripple, as the blockchain’s integration across traditional banking continues to grow. Ripple has been on a…

OpenSea lays off 50% of staff with severance in preparation for version 2.0 launch

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Nonfungible token (NFT) marketplace OpenSea announced on Nov. 3 that it was laying off employees. Co-founder and CEO Devin Finzer broke the news on X (formerly Twitter), saying the company was launching OpenSea 2.0 with a smaller team. OpenSea launched in 2017, when NFTs were an innovation. It operates on a model comparable to eBay and Etsy and accepts payment in Ether (ETH). It laid off 20% of its employees in July 2022, citing the crypto winter, after which it had a staff of 230, according to press reports at…

Valkyrie CIO Expects Bitcoin ETF Approval This Month in Preparation for February Launch

The Valkyrie CIO says that the SEC will ask for comments and possibly approve an ETF proposal this month after all issues are addressed. A Valkyrie Investments exec has hinted at a strong possibility for a spot Bitcoin ETF approval this month. According to Chief Investment Officer (CIO) Steven McClurg, the United States Securities and Exchange Commission (SEC) will likely confirm an ETF approval by the end of the month. McClurg is hopeful because applicants have adequately addressed issues of potential fraud and market manipulation, the main reason why the…