Tag: Launch

Nycrypto Labs raises $800k to launch Tidus, a crypto everything app

This app will be the first multi-chain, multi-layer, non-custodial wallet to offer in-app lending, borrowing, swapping, and staking while mitigating bridging risks. Nycrypto Labs, a hub for blockchain development aiming to streamline the shift from Web2 to Web3, just disclosed that it successfully secured $800,000 in pre-seed funding. This funding achievement coincides with the debut of Nycrypto’s primary product, Tidus Wallet. This wallet serves as the sole multi-chain wallet, allowing cross-chain lending, borrowing, and staking within the app. DNA Fund spearheaded the funding round, joined by Transform Ventures, led by…

Paypal Ventures-Backed Mesh Partners With Conio to Launch Open Banking Solutions for Bitcoin in Europe

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Mesh, a U.S. fintech company backed by Paypal Ventures, has partnered with Italian digital asset wallet Conio to enhance cryptocurrency exchange access for Conio’s 430,000 customers. This collaboration allows users to access 10 leading crypto exchanges, including Binance and Coinbase, through the Conio app, and seamlessly transfer bitcoin purchases directly into their Conio wallets. By […] Original

Robinhood to launch crypto futures in the U.S. and Europe

Robinhood is reportedly considering offering cryptocurrency futures in the U.S. and Europe, but no official launch date has been announced yet. Bloomberg News reported on Tuesday that Robinhood is considering offering cryptocurrency futures in the U.S. and Europe in the coming months. The app for trading without commission aims to utilize the licenses of Bitstamp, a crypto exchange it plans to acquire in a $200 million deal set to close next year. Robinhood plans to introduce Bitcoin (BTC) and Ether (ETH) futures based on CME in the U.S. However, they…

Sony Group Planning Launch of Crypto Exchange With Acquisition of Amber Japan: Report

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Japanese conglomerate and consumer electronics giant Sony Group is reportedly preparing to unveil a crypto exchange platform in its home country. Blockchain reported Colin Wu says that Sony Group has purchased Amber Japan, the Japanese subsidiary of the digital asset firm Amber Group. “Singapore market maker Amber Group acquired Japan’s regulated cryptocurrency trading platform DeCurret in early 2022 and changed its name to Amber Japan. Later, due to the collapse of FTX, Amber Group fell into trouble and was suspected of a complete debt-to-equity transaction with Fenbushi. Amber Group investors…

Metahero announces the launch of its phone application to create customized web3 avatars

Metahero (HERO), the BSC-based native token of the Metahero ecosystem, begins the month of July on bullish grounds after witnessing a 25% drop in June due to the prevalent market retracement. Unlike July, HERO started June with bearish pressure, witnessing three consecutive days of turbulence at the beginning of the month on the back of a downtrend that spilled from May. This was largely due to the overall bearish conditions in the market, which saw Bitcoin (BTC) give up most of its March gains. Launched in 2021, the HERO token…

Analyst Updates Spot Ether ETF Launch Date Prediction Citing Slow SEC Review

Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary […] Source CryptoX Portal

21shares Files to Launch Solana ETF With SEC

21shares has filed a registration statement for a solana exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The ETF will trade on the Cboe BZX Exchange and will utilize Coinbase Custody Trust Company for secure custody of SOL. Vaneck also recently filed a registration statement with the SEC to launch a solana […] Source BitcoincryptoexchangeExchanges CryptoX Portal

BREAKING: 21Shares Joins Race To Launch Spot Solana ETF

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In a significant development for the cryptocurrency industry, investment firm 21Shares filed an S-1 registration form for a Spot Solana ETF with the US Securities and Exchange Commission (SEC) on Friday.  The 21Shares application follows a similar filing by Bitcoin ETF issuer and asset manager VanEck on Thursday, indicating a growing interest in Solana as a potential competitor to the anticipated Ethereum ETF market, which is expected to begin trading in July. 21Shares Introduces Core Solana ETF The 21Shares Core Solana ETF, as described in the filing, is designed to…

Bitcoin miner Bitdeer to launch 570 MW power facility in Ohio

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Bitdeer has secured a 30-year lease for land at the Monroe County Port Authority-owned Hannibal Industrial Park in Ohio. Bitcoin mining company Bitdeer, founded by Chinese billionaire Jihan Wu in 2020, has entered into a 30-year lease agreement with the Monroe County Port Authority to secure up to 570 MW of additional power capacity at the Hannibal Industrial Park in Clarington, Ohio. Financial terms weren’t disclosed, but Bitdeer noted that the site previously served as an “aluminum processing facility.” Bitdeer will benefit from existing “power infrastructure, utility switchyards and transmission…

Elmnts Emerges From Stealth With Plans to Launch Commodity Tokenization Platform

Elmnts, a new blockchain-based venture, has announced the forthcoming launch of its beta platform focused on tokenizing real-world assets (RWA), starting with oil and gas mineral rights and royalties. As part of a broader plan to expand into other commodities, the Solana-based project aims to introduce efficiency and transparency to the investment process in this […] Source CryptoX Portal