Tag: Launches

Euro Coin: Circle Launches Stablecoin on Avalanche Blockchain to Facilitate Fast & Efficient Payment Systems

USDC stablecoin issuer Circle recently launched Euro Coin on the Avalanche protocol to exploit the network’s blazing transaction speed.  Circle has launched a euro-based stablecoin on the Avalanche blockchain to deliver prompt and efficient payments and financial services. The Euro Coin (EUROC) launch is the first of a series of anticipated multi-chain launches to aid developers and users. According to Circle’s team, Euro Coin availability on Avalanche increases liquidity and provides users an additional transactional option alongside USD Coin (USDC). Last year, Circle launched EUROC as a regulated stablecoin backed 100% by euro reserves. Each…

Gate Group Launches New Virtual Asset Trading Service in Hong Kong to Leverage City’s Crypto-Friendly Disposition

Gate Group has established its presence in Hong Kong by launching Gate.HK, a holistic virtual asset trading facilitator.  Gate Group recently launched a new virtual asset trading platform in Hong Kong to provide top-notch service quality to users. The new Hong Kong service, Gate.HK, opened for registration and trading services on Tuesday, offering a wide range of features. These include virtual asset deposits and withdrawals, and spot trading on Bitcoin (BTC), Ether (ETH), and Litecoin (LTC). With Gate.HK, Gate Group seeks to provide holistic virtual asset trading services that cater to…

DeFi protocol Voltz launches SOFR swaps on Avalanche

boss

Decentralized finance protocol Voltz now allows Avalanche users to trade interest rate swaps of the Secured Overnight Financing Rate (SOFR), a benchmark dollar rate used throughout the global economy.  The new feature allows investors to hedge their exposure to interest rate changes and speculators to bet on whether the rate will go up or down, according to a May 24 announcement from Voltz seen by Cointelegraph. SOFR is the interest rate on overnight loans paid by institutions when they use United States Treasury bonds as collateral. It was created to…

Patrick Chang’s Dispersion Capital Launches $40M Crypto Fund

In his post, Chang noted that venture capital money poured into the crypto industry in 2021, and the focus was on the so-called application layer of Web3, or decentralized applications (dapps) that helped onboard users into areas such as non-fungible tokens (NFTs) and decentralized finance (DeFi). As the bull market gave way to the bear, crypto infrastructure was found wanting. Source

Chinese city launches govt-backed metaverse platform

boss

Nanjing City, the capital of Jiangsu Province in China, on May 22, inaugurated the China Blockchain Technology and Application Innovation Platform. This government-supported platform aims to foster and advance metaverse research and development across the country. The newly established state-backed entity is led by the Nanjing University of Information Science & Technology (NUIST). As per an announcement on NUIST’s official social media account, the platform consists of founding members representing diverse academic institutions and blockchain-related companies throughout mainland China. The objective of this platform is to bring together the resources…

Chinese city launches gov’t-backed metaverse platform

On May 22, Nanjing, the capital city of China’s eastern Jiangsu province, inaugurated the Chinese Blockchain Technology and Application Innovation Platform to foster and advance metaverse research and development across the country. The newly established state-backed entity is led by the Nanjing University of Information Science and Technology (NUIST). As per an announcement on NUIST’s official social media account, the platform consists of founding members representing diverse academic institutions and blockchain-related companies throughout mainland China. The platform aims to bring together the resources of academic institutions and enterprises in China,…

Coinbase Launches TV Campaign in Washington DC to Educate Regulators Why America Needs Crypto

Coinbase shares edged 7.56 per cent higher on Monday to close the day trading at $61.07. The leading publicly traded crypto exchange by daily traded volume in the United States, Coinbase Global Inc (NASDAQ: COIN), has experienced astronomical growth in the past few years compared to the traditional banking sector. Moreover, four regional banks in the United States have collapsed this year, with most already absorbed by large banks. However, the United States government led by the Biden administration has pushed to regulate the cryptocurrency industry in a manner that…

Web3 Educational Company Upstream Launches My First DAO Course

“There are a lot of concepts around starting online communities that people don’t understand, such as tokenomics, governance and voting,” said Taub. “That’s also one of the reasons why it’s harder on adoption … I think putting together an amazing course about how to do it and why to do it will just unlock so many people’s brains.” Source

VardexPay Launches Highly Functional Wallet with Multiple Functionalities

The VardexPay wallet has lowered the barriers to entry for all users, and it gives a unique reward to users who can also deposit their funds to earn competitive rewards. Web 3.0 financial technology startup VardexPay is introducing its advanced crypto wallet as it seeks to make its mark in the emerging industry. The plan to debut a crypto wallet stems from the deep understanding that non-custodial wallets are central to the evolution of the industry and to giving users a safe and personal banking outlet that can give complete…

Zilliqa integrates and makes EVM native, launches Ethereum Bridge 

Zilliqa, a high-performance, proof-of-stake blockchain using a unique sharding mechanism, is now compatible with Ethereum. Zilliqa is EVM compatible In an update on May 19, Zilliqa said they have integrated the Ethereum Virtual Machine (EVM) on the mainnet, making the machine native to their blockchain. Because of this incorporation, Zilliqa said the development is a massive step and would increase the number of developers working on its rails. Considering the interoperability with Ethereum, which is by far the most active smart contracting platform by total value locked (TVL), Zilliqa developers can now…