Tag: Launch

Valkyrie eyes October launch for Bitcoin Futures ETF

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Asset manager Valkyrie Funds is gearing up to launch its Bitcoin ETF.  In a recent tweet from James Seyffart, a research analyst with Bloomberg Intelligence, Valkyrie Funds updated its post-effective date for a leveraged Bitcoin Futures ETF. This product’s initial filing was made on May 15, Seyffart noted. However, the asset management firm has set its sights on a revised Oct. 20 launch date. Valkyrie jockeys for position Valkyrie has thrown its hat into the ring alongside prominent asset management firms like BlackRock and Fidelity, all vying for approval to…

Uber Eats to Launch AI Chatbot for Enhanced User Experience

Aside from the AI assistant, which will be integrated into the Uber Eats platform later this year, the company is introducing more features to diversify its payment options. Uber Technologies is gearing up to introduce an AI chatbot feature on its Uber Eats food delivery platform. The chatbot, set to go live later this year, will serve customers in the United States, the United Kingdom, Australia, and Canada. According to a company blog post on Wednesday, the AI assistant, powered by Google’s PaLM 2 large language model, will initially assist…

LimeWire Acquires BlueWillowAI Following Launch of AI Studio

The step into the world of generative AI seems to be part of LimeWire’s rebranding strategy. Peer-to-peer file-sharing platform LimeWire has announced its acquisition of the popular AI image generation platform BlueWillowAI. The Wednesday announcement comes after the August launch of LimeWire AI Studio, a move into the world of generative AI by a company that was widely known for its popularity in the music piracy scene before being shut down in 2011. BlueWillow was launched in January and claims to be the second-largest AI image-generation community on Discord after…

Hong Kong will potentially launch stablecoin regulations by mid-2024

Hong Kong is aiming to finalize stablecoin regulations by mid-2024, highlighting the territory’s contrasting approach to mainland China.  Legislative Council member Duncan Chiu has signaled that Hong Kong is on track to finalize its stablecoin regulations by mid-2024. The announcement was made at the Shanghai Blockchain International Week, according to a local news outlet.  Hong Kong potentially wants to establish the region as a web3 nexus, driven by regulations and diverging from China’s more restrictive stance on cryptocurrency. Regulatory roadmap for Hong Kong’s stablecoin regulation Chiu revealed that the legislative…

Former Andreessen Horowitz execs launch Bastion after $25M funding round

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Two former executives from Andreessen Horowitz (a16z)’s crypto division have managed to raise $25 million in seed funding for their newly launched Web3 startup Bastion — despite the recent drought in venture capital funding.  On Sept. 18, the new firm, Bastion, announced the launch of its product suite. The firm’s goal is to enable companies to integrate Web3 infrastructure into their existing enterprise technologies. Bastion was co-founded by two former executives with a16z’s crypto division, including former chief technology officer Riyaz Faizullabhoy and former chief security officer Nassim Eddequiouaq who…

Spacemesh’s members up 5X since July launch

A few weeks after launching, the Spacemesh protocol is making steady progress. Following nearly five years of research and development, the platform has demonstrated positive outcomes. Notably, this growth is without extensive marketing efforts and is primarily driven by word-of-mouth Tomer Afek, the co-founder and CEO, takes us through the project, explaining why the platform has been gaining traction. In epochs 2, 3, and 4, community members increased from 2,800 to 32,000 in just a few weeks. This was all due to word of mouth rather than any marketing efforts.…

Three Chinese AI Firms Launch IPOs in Hong Kong, Targeting $280M

These IPOs align with the broader trend of Chinese companies seeking public listings in Hong Kong, driven by regulatory scrutiny and market dynamics. Three prominent mainland China-based companies, led by Beijing Fourth Paradigm, a cutting-edge artificial intelligence (AI) software firm, have debuted on the Hong Kong Stock Exchange with initial public offerings (IPOs). Collectively, the companies plan to raise up to $280 million through the IPOs. Fourth Paradigm completed the necessary procedures for its IPO on the Hong Kong Stock Exchange back in July and received the official green light…

Stablecoin Launch By Aussie Bank Looms After Chainlink Blockchain Trials

Australia and New Zealand Banking Group ANZ is close to releasing its Australian dollar-pegged stablecoin, A$DC, following a successful test transaction on Chainlink.  In a statement, ANZ’s banking service portfolio lead, Nigel Dobson, said they see high potential in tokenizing real-world assets (RWA) like the Australian dollar on-chain. According to Dobson, the stablecoin’s test transaction on Chainlink’s cross-chain interoperability protocol (CCIP) marks a milestone for the bank. ANZ Bank Explore Suitable Networks To Launch Stablecoin In the statement, Dobson also revealed that ANZ is exploring several networks to determine the best…

Animoca Brands subsidiary to launch a metaverse token on Bitcoin

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Darewise Entertainment, a subsidiary of Animoca Brands, is partnering with Horizen Labs to develop the first metaverse token on Bitcoin. Horizen Labs, a blockchain firm, will guide on token development and provide consulting services. This deal aims to roll out the first-ever metaverse token designed on the Bitcoin(BTC) network. Both firms are respected entities in the web3 and gaming arenas, and their alliance aims to challenge Ethereum’s(ETH) dominance in the space. “The potential for Bitcoin to become more than just a store of value is immense. To achieve that potential,…