Tag: Launch

ProShares Goes Short On Ethereum With New ETF Launch

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ProShares, one of the biggest issuers of exchange-traded funds (ETFs), has added another Ethereum-related ETF to its growing offerings following the launch of the “world’s first Short Ether-Linked ETF” on November 2.  ProShares Short Ethereum Strategy ETF In its announcement, the asset manager mentioned that the ProShares Short Ether Strategy ETF trading under the ticker ‘SETH’ will provide an avenue for investors to profit from declines in the price of the second largest cryptocurrency, Ether.  With the launch of this Ethereum investment vehicle, the company believes that its clients have…

Siemens and Microsoft Partner to Launch AI Assistant and Drive Adoption in Industrial Sector

As part of their collaboration, the companies plan to launch AI-powered copilots for industries such as manufacturing, infrastructure, transportation, and healthcare. German technology company Siemens AG has partnered with Microsoft Corporation (NASDAQ: MSFT) to introduce Siemens Industrial Copilot, a generative artificial intelligence (AI)-powered assistant. The AI assistant is designed to enhance human-machine collaboration and boost productivity in manufacturing. The companies will continue to work together to create AI copilots for use across the manufacturing, infrastructure, transportation, and healthcare industries. “Together with Microsoft, our shared vision is to empower customers with…

Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai

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The Dubai Virtual Assets Regulatory Authority (VARA) has issued a Virtual Asset Service Provider (VASP) license to the crypto wallet Backpack, resulting in the launch of Backpack Exchange.  Backpack’s VARA license is limited to crypto exchange services in Dubai and does not allow the company to offer any other of its virtual asset products and services. According to the announcement, the Backpack exchange incorporates zero-knowledge proof of reserves (zk-proofs), Multi-Party Computation (MPC) for custody and low latency order execution, among other features. The announcement also revealed that the Backpack exchange…

What You Should Know about Celestia Mainnet Launch and TIA Token Listings on Major Exchanges

In readiness for the event, there has been a major increase in the price of TIA, as it was already trading on a decentralized derivatives exchange, Helix, at around $3.15. Celestia, a modular blockchain network focused on data availability, is preparing to launch its mainnet today, October 31, at 14:00 UTC. This long-anticipated event will also see the project’s native token, TIA, listed on major exchanges soon after. Trading Activity Picks Up Ahead of Today’s Celestia Mainnet Launch In readiness for the event, there has been a major increase in…

Floki up 13% as devs launch RWA platform

Memecoin Floki Inu saw considerable gains within a week ahead of a real-world asset (RWA) platform release built by the project’s developers and a new native asset dubbed TOKEN. Users will be able to create cryptocurrencies without technical know-how through Floki’s TokenFi website, according to the team. The platform designed for tokenized RWAs went live on Oct. 27 around 3 p.m. UTC.  DWF Labs was announced as the official market maker as the platform rolled out on five major chains for decentralized finance (DeFi) namely Arbitrum, Base, BNB Chain, Ethereum…

Apple Preparing for Launch Event, New Macs Expected

According to Apple analyst Ming-Chi Kuo, if Apple comes up with new M3 Macs, their production volume is likely to be low. The analyst says the tight supply will last until the first quarter of 2024. Apple Inc (NASDAQ: AAPL) is sending invitations for a launch event that will be streamed on its website on October 30 at 5 p.m. Pacific Time. Dubbed ‘Scary Fast’, the event is expected to be focused on a new line of Mac products. The tagline chosen is not only about the event happening just before…

Galaxy predicts 74% Bitcoin price increase first year after ETF launch

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Bitcoin’s (BTC) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto investment firm Galaxy Digital. In an Oct. 24 blog post, Galaxy Digital research associate Charles Yu estimated the total addressable market size for Bitcoin ETFs would be $14.4 trillion in the first year after launch. He obtained the 74% figure by assessing the potential price impact of fund inflows to Bitcoin ETF products using gold ETFs as a baseline. According to Yu’s estimates, Bitcoin’s…

dYdX publishes its open-source code in anticipation of phased mainnet launch

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Crypto exchange dYdX has published the open-source code for its new Cosmos-based network of the same name, according to an Oct. 23 blog post. The new code includes the “protocol, order book, front-end, and more,” the post stated. The publication of the code is intended to pave the way for a mainnet launch, which is being organized by the dYdX Decentralized Autonomous Organization (dYdXDAO) SubDAO on Operations. 1/ It’s finally here Today, we’re proud to present and fully open-source the completed dYdX Chain! This is the next chapter for dYdX…

Ledger to launch controversial recovery service

On Oct. 24, the controversial Recover service from hardware wallet manufacturer Ledger is expected to be released. This was confirmed by the company’s CTO, Charles Guilleme. The solution provides a paid, optional subscription wallet recovery service for users who need a secure seed backup, Guilleme said. Ledger Recover, provided by Coincover, is launching today! This solution is a paid, *optional* subscription wallet recovery service for users who want a secure backup of their Secret Recovery Phrase. 🧵 Let’s recap why this solution is a great and secure option for Ledger…