Tag: Launch

6 Bitcoin funds launch in Israel next week: report

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The global adoption trend for Bitcoin-related investment products continues to strengthen, with Six new mutual funds set to debut in Israel. According to a report by the Calcalist on Wednesday, Dec. 25, the Israel Securities Authority has given the green light for six mutual funds that will track the price of Bitcoin (BTC). ISA’s approval of the funds last week paved the way for their debut on Dec. 31, the report stated. Cacalist’s report reveals that ISA expects all six funds – from Migdal Capital Markets, More, Ayalon, Phoenix Investment,…

Six Bitcoin (BTC) Mutual Funds to Launch in Israel Next Week: Report

Six mutual funds tracking the price of bitcoin (BTC) will debut in Israel next week after the Israel Securities Authority (ISA) granted permission for the products, Calcalist reported on Wednesday. All six will start operations on the same day, Dec. 31, a condition imposed by the regulator, Calcalist said. Final approval for the funds was granted last week. The funds will be offered by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI, with management fees ranging from as high as 1.5% to 0.25%. One of the funds will…

XRP Community Gains New Rewards With Ripple’s RLUSD Stablecoin Launch

Ripple’s RLUSD stablecoin debuts on Uphold, offering rewards and exclusive benefits, solidifying its role in digital payments and boosting value for XRP investors. Ripple’s RLUSD Launches on Uphold—Where XRP Community Gains More Uphold, a leading Web3 financial platform, has confirmed that Ripple’s new USD-backed stablecoin, RLUSD, will be fully accessible on its platform starting Dec. […] Source CryptoX Portal

Ethena Labs To Launch Synthetic USDe Stablecoin on Dec. 16

Ethena Labs has announced the launch date of its synthetic USDe stablecoin on Dec. 16, 2024, as the token’s market cap reached $5.73 billion, an all-time high. In a post on X, Ethena Labs, built on the Ethereum blockchain, announced a possible launch for its stablecoin USDe which is pegged to the U.S. dollar. It is mainly built as a yield-generating asset rather than an intermediary for a transaction, similar to Tether (USDT) or USD Coin (USDC). Ethena Labs announcement of USDe stablecoin on X. In contrast to the traditional…

AiMalls Expands Global Expansion With Dubai License and Upcoming 2025 AI-Powered Shopping App Launch

PRESS RELEASE. AiMalls, a leader in AI, blockchain, and digital commerce, is reshaping online shopping with a focus on transparency, security, and global opportunities. With impressive achievements in 2024, AiMalls is poised for even greater milestones in 2025, driving further global expansion and enhancing its tokenized ecosystem and AI capabilities. Major Milestone Achieved and Exciting […] Source CryptoX Portal

Alchemy Pay plans to launch its own layer-1 blockchain

Crypto payments provider Alchemy Pay has announced plans to launch its own layer-1 blockchain, which the company says will target large-scale business applications. Alchemy Pay (ACH) notes that the layer-1 blockchain will be dubbed Alchemy Chain and built on the Solana (SOL) Virtual Machine architecture. Per an announcement on Dec. 11, the new L1 will offer a payment system allowing users to transact with fiat and crypto. The platform will also offer a user-friendly ecosystem bridging on-chain and off-chain processes, chain abstraction, a stablecoin revenue mechanism, and yield generation. Additionally,…

Iran’s Digital Rial Near Launch, Central Bank Signals Progress

Iran’s central bank signals the imminent launch of the digital rial, a central bank digital currency (CBDC), to streamline payments and bolster international financial integration despite sanctions. Iran’s Central Bank Sends Clear Signals on the Digital Rial Breakthrough Central Bank of Iran (CBI) Governor Mohammad Reza Farzin discussed the digital rial, Iran’s central bank digital […] Source CryptoX Portal