Bitcoin Exchange LVL Launches Mastercard Debit Card

Upstart cryptocurrency exchange LVL is opening pre-orders for a Mastercard debit card linked to bitcoin and fiat accounts. The card is among Mastercard’s premium products and can be used anywhere globally, said LVL CEO Chris Slaughter. Mastercard did not respond to requests for comment by press time. “It took a couple of months to get [Mastercard] to be comfortable with it being connected to crypto,” Slaughter said. “Convincing them that it was aligned with their premium brand was more involved because their view on crypto businesses is that they’re transactional…

Upbit launches in Thailand just days after regulators suspended Bitkub

Crypto exchange Upbit is entering the Thai market at a fortuitous time when the kingdom’s most popular exchange, Bitkub, remains suspended by government regulators. According to reports in local media, a joint-venture crypto exchange between Upbit APAC and a group of Thai billionaires launched operations on Wednesday, Jan. 20. It follows the regulatory suspension of the country’s most popular trading platform Bitkub on Monday, which had a reported 97% share of the market before its closure. Upbit Thailand is owned by CP Group heir and owner of Fortune magazine Chatchaval…

Tokenized single-malt scotch collection launches on Singapore exchange

Rare Cask Holdings has listed a tokenized rare whiskey collection on the Singapore-based Hg Exchange. The premium whiskey collection — “Casks of Distinction” — was tokenized on the Zilliqa blockchain based on its ZRC-2 token standard. Commenting on the whiskies in the tokenized collection, Saayan Choudhury, senior director of commercial technology at Zilliqa told Cointelegraph: “The Casks of Distinction represent a collection of rare, high-quality single-malt scotch whisky casks being held and matured at Scottish distilleries, including a Port Ellen 1979, Mortlach 1993, Caol Ila 1990, Benrinnes 1992 and a…

India’s Largest Exchange Launches User-Friendly App, Eyes 50M New Users

India’s largest cryptocurrency exchange, CoinDCX, has launched a new app aimed to make it easy to buy and sell bitcoin and other top digital assets in a bid to capture 50 million new users. According to a press release on Tuesday, the exchange’s app offering, CoinDCX Go, provides newcomers to the cryptocurrency space a “quick check-in check-out trading experience.” The app is said to be backed by artificial intelligence-based anti-money laundering algorithms, while users’ funds are secured and insured by global custodian BitGo, a company spokesperson told CoinDesk via email.…

Another Bitcoin ETP Launches On SIX Swiss Exchange

Coinshares, a pioneer in operating regulated bitcoin investment fund with about US$4 billion of asset under management, will be launching an Exchange Traded Product for bitcoin on SIX Swiss Exchange. It will trade under the ticker BITC on January 19, 2021. “A lot of institutional clients have a very strong due-diligence process, and we wanted to bring to market a best-in-class product to embrace that demand,” said Frank Spiteri, chief revenue officer at CoinShares. “We are ready, as of January, to embrace the forthcoming demand from institutional clients.” The new…

‘Miss Bitcoin’ launches celebrity NFT art charity project

Early crypto evangelist, Mai Fujimoto, a.k.a. Miss Bitcoin, has partnered with blockchain gaming ecosystem Enjin to launch Japan’s first nonfungible token, or NFT, charity project. According to a Jan. 18 blog post, the project’s first initiative will be the sale of tokenized artwork by Japanese celebrities to benefit DxP, a non-profit that supports teenagers facing challenges during the COVID-19 pandemic. Fujimoto believes that the project embodies the Japanese concept of “Sanpo Yoshi”, or three-way satisfaction. This describes transactions that are good for the seller, good for the buyer and good…

Infinite Fleet publisher launches STO led by $1M investment from Tether

Exordium, the publisher of the upcoming sci-fi strategy game Infinite Fleet, has announced a public security token offering, or STO, on the STOKR platform, starting Jan. 18. The $8 million sale to raise funds for the long-touted blockchain-powered MMO (or massive multiplayer online game), is being led by a $1 million investment from Tether International, the issuer of the largest stablecoin Tether (USDT). The public portion of the STO will have a hard-cap of $1 million and be limited to select European countries. This will include the majority of the…

Galaxy enters Bitcoin mining, launches financial services unit for miners

Galaxy Digital — the financial services and cryptocurrency investment management firm founded by Mike Novogratz — has set its sights on establishing a footing in the Bitcoin (BTC) mining sector. After a year of increasingly diversifying its products and activities, the company has announced two new forays into the Bitcoin mining sector for 2021. The first project will be a new business unit that Galaxy describes as “a one-stop financial services platform for miners.”  Dubbed Galaxy Digital Mining, the unit is being led by Amanda Fabiano — formerly the director of…

Grammy winner Portugal. The Man launches fan token on Ethereum blockchain

Grammy Award-winning American pop-rock band “Portugal. The Man” has launched a fan-focused cryptocurrency on the Ethereum-based Rally Network. Known as PTM Coin, the new token will reportedly grant fans exclusive access to various events and perks, including a livestream party, previously unreleased songs and more. Fan tokens emerged as a growing trend in 2020, allowing artists and content creators (and even soccer players) to build virtual communities through token economies on the blockchain. When Portugal. The Man releases an archive of unreleased performances to tokenholders on Friday, it will mark…