Tag: Launch

Blockstream to Launch 3 Funds After Securing Multi-Billion Dollar Investment

Bitcoin development firm Blockstream is launching three investment funds, including two focused on crypto lending, the company announced Tuesday. The crypto company co-founded by legendary bitcoin (BTC) developer Adam Back plans to launch a fund that underwrites Bitcoin-backed loans and one that allows for crypto borrowing with U.S. dollars as collateral while a third fund would deploy hedge fund strategies, according to a tweet. Bloomberg reported earlier that the company had secured several billion dollars in funding to launch these funds, citing anonymous sources. The crypto lending business had been…

US members of Congress to launch bipartisan ‘Congressional Crypto Caucus’

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US Congresspeople Ritchie Torres and Tom Emmer are forming a “Congressional Crypto Caucus” with the goal of advancing crypto-friendly policies in the US House of Representatives. Torres announced the news via his X account on March 3. The Congressional Crypto Caucus follows the formation of the “Congressional Blockchain Caucus,” another bipartisan group that arose during the later years of the Obama presidency with the goal of understanding blockchain technology. Source: Ritchie Torres Compared to the Congressional Blockchain Caucus, the Congressional Crypto Caucus will function “more as a voting bloc to…

Solana down 45% since Trump token launch as memecoins divert liquidity

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Solana’s price continues to struggle under pressure from the growing memecoin market despite showing resilience following its largest-ever token unlock. Solana (SOL) fell over 45% since the Official Trump (TRUMP) memecoin was launched, from over $261 on Jan. 18 to $143 on March 2, TradingView data shows. The growing investor appetite for memecoins may be limiting Solana’s price performance, according to Dan Hughes, founder of the decentralized finance platform Radix. SOL/USDT, 1-day chart. Source: Cointelegraph/TradingView Memecoins “don’t tend to draw in much external capital flow; instead existing eco-system capital “round-robins”…

Hubpay, Aquanow Launch Regulated Crypto Payments in UAE

Hubpay, a United Arab Emirates-based cross-border payments platform, has partnered with Aquanow, a digital asset infrastructure provider, to launch a regulated cryptocurrency payments facility for businesses in the Middle East country. Collaboration Bolsters UAE’s Digital Asset Hub Ambition Hubpay, a United Arab Emirates (UAE)-based cross-border payments platform, has partnered with digital asset infrastructure provider Aquanow […] Source CryptoX Portal

Chicago Mercantile Exchange Group to launch Solana futures on March 17

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The Chicago Mercantile Exchange (CME) Group, a globally recognized derivatives exchange, announced it will launch Solana (SOL) futures contracts on March 17, pending a review by United States financial regulators. According to the Feb. 28 announcement, market participants will have access to micro contracts of 25 SOL or standard contract sizes of 500 SOL, and all contracts will be cash-settled. CME Group already provides futures and options contracts for Bitcoin (BTC) and Ether (ETH) to investors looking to hedge against the highly volatile nature of these digital assets. The addition…

XRP Whales Eye XRPTurbo Token Launch As Analysts Predict $XRT As The Next Virtuals Of The Ripple Ecosystem

This is a paid promotional article. We encourage you to conduct your own due diligence before participating in any related transactions. PRESS RELEASE. Ripple’s native token XRP is at a crucial crossroad as XRP whales are scanning the market for new opportunities to amplify returns. One project capturing these whales’ attention is XRPTurbo, an AI […] Source CryptoX Portal

4 reasons Pi Network price crashed after mainnet launch

Pi Network crashed after the mainnet launch, leading to a $6 billion wipeout in the first two days.  Pi Network (PI) was trading at $0.76 on Saturday, down from the mainnet launch price of $2. Here are the four main reasons why the Pi coin price crashed. Pi coin price chart | Source: CMC Pi Network prices crashes amid scam accusations A key reason why the Pi coin price crashed is that Ben Zhou, Bybit’s chief executive officer, attacked it of being a scam. He cited a Chinese report that…

Best Crypto to Buy as Kanye West Confirms Meme Coin Launch

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Este artículo también está disponible en español. Anticipation among both crypto enthusiasts and bettors remains high for a potential Kanye West meme coin. If it becomes a reality, which it should now that Kanye himself has confirmed the news, the token would almost certainly be one of the best cryptos to buy. The uproar has been caused by an alleged CoinDesk article, which all but confirmed Kanye’s meme coin ambitions. Rogue $YZY Token Rug Pulls As unfortunate as it is, an unregulated $YZY token started doing the rounds almost immediately…

MegaETH launch could save Ethereum… but at what cost?

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The hype machine building up around Ethereum layer-2 MegaETH claims it’s the answer to Ethereum’s scaling and sentiment problems. Prioritizing speed over decentralization, the new L2 will apparently feel as seamless as using a Web2 app or a centralized exchange, and run an order of magnitude faster than all the other rollups and Solana combined. In short, the aim is to “Make Ethereum Great Again.” Community-designed poster (Cronosis/X) It’d be easy to dismiss this as pure hyperbole, but MegaETH is backed by some of the biggest names in the industry,…