Tag: Launches

Crypto Exchange Gemini Launches European HQ in Ireland Amid Swirling US Regulatory Uncertainty

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Crypto exchange Gemini has found a new European headquarters as regulators in the US remain hostile toward the digital asset industry. On Thursday, Cameron Winklevoss, who co-founded the exchange with his twin brother Tyler, announced his company would be setting up a regional HQ in Ireland. “Awesome meeting this morning with Leo Varadkar, the Prime Minister of Ireland. We talked about the profound promise of crypto and the importance of common sense regulation to realize that promise. We believe MiCA is that common sense regulation. We also announced that Gemini…

Top US Crypto Exchange Coinbase Launches Trading Support for Cosmos-Based DeFi Altcoin

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Coinbase customers can now trade the Cosmos (ATOM)-based decentralized finance (DeFi) altcoin Osmosis (OSMO). The top US crypto exchange added support for the altcoin under its “Experimental Label,” a designation it established for riskier, lower liquidity tokens. Osmosis is an automated market maker (AMM) protocol built on the Cosmos software development kit (SDK). It aims to enable cross-chain transactions by utilizing inter-blockchain communication (IBC). Osmosis’ native governance token, OSMO, is trading at around $0.5986 at time of writing. The 110th-ranked crypto asset by market cap is down 0.6% in the…

Cronos Labs launches second cohort of $100M Web3 accelerator

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Blockchain startup accelerator Cronos Labs has announced the launch of its second cohort for the Cronos Accelerator Program. The program, backed by a substantial $100 million investment, aims to support early-stage crypto projects by providing mentorship and funding opportunities.  According to an announcement sent to Cointelegraph, Cronos Labs handpicked eight projects to participate in their accelerator program. Each of the selected projects — namely Omnus, DeMe, Furrend, Solace, Sakaba, Eisen Finance, Earn Network and CorgiAI — received upfront seed funding of $30,000 to commence a 12-week program. The chosen projects…

OpenAI launches grant for AI democratic governance project

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OpenAI, the parent company of the artificial intelligence chatbot ChatGPT, has launched an initiative to bring more democratic input to AI development.  In the official announcement on May 25, the company said it is preparing to award 10 grants worth $100,000 each toward experiments in setting up a “proof-of-concept,” democratic process for determining rules for AI systems to follow. According to OpenAI, the rules should be “within the bounds defined by the law” and should benefit humanity. “This grant represents a step to establish democratic processes for overseeing AGI and,…

Coinbase Launches New Advertising Campaign To Highlight Importance of Cryptocurrency in the US

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The largest crypto exchange in the US rolls out a new marketing initiative that puts the spotlight on crypto technology’s transformative potential for the global financial system. According to Coinbase, the national advertising campaign, Crypto: Moving America Forward, also shows what is at stake if the US fails to advance crypto given that other nations, including fellow superpower China, make significant progress with the technology. “With China embracing and advancing the use of technology, including digital assets, to project power, Crypto: Moving America Forward will also make clear that US global…

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

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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

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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…