Tag: Launches

LA Token launches LACHAIN to bridge Ethereum-based networks

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Crypto platform LA Token has become the latest exchange to launch its own blockchain with the LACHAIN network which it hopes will give its users access to decentralized finance (DeFi) products and a bridge between other networks. The layer-1 Ethereum Virtual Machine (EVM)-compatible and WebAssembly (WASM)-compatible LACHAIN went live on Mar. 10 to help LA Token capitalize on expected future growth in demand for token bridges between networks. LA Token was launched in 2017 in the Cayman Islands. It has had $281.6 million in trading volume over the last 24…

Princeton launches blockchain research initiative with $20M from crypto-alumni

Prestigious Princeton University has launched an initiative to study the “decentralization of societal power” through blockchain technology in an effort to explore the vast depths of it’s social capabilities. For the launch, Bloomberg reported that Princeton’s Venture Forward campaign received $20 million in donations from high-profile alumni Peter Bridger from Fortress Investment, Ethereum co-founder Joseph Lubin, Pantera Capital CEO Daniel Morehead, and Galaxy Digital’s Mike Novogratz. The initiative is designed to study the ways in which modern technology, especially blockchain, can interfere with and change social norms, just as other…

Chainalysis launches free sanctions screening tools

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Blockchain-data analysis firm Chainalysis has announced the fast-tracked launch of two primary ‘sanctions screening’ tools that it will provide free of charge to the cryptocurrency industry.  According to the report provided by Chainalysis on March 10, the screening tools include two main components of new tracking software that will assist exchanges in screening wallets and transactions for activity that appears to be skirting economic sanctions. The first tool, which is immediately available, is an on-chain oracle. An on-chain oracle is a smart contract aimed more specifically at DeFi (decentralized finance)…

Bessemer Commits $250M to Web 3, Launches DAO

The firm has also launched BessemerDAO, a Web 3 community for founders, creators and operators. BessemerDAO is meant to connect members of the crypto community for idea sharing, business development and tokenomics. The effort won’t be decentralized at first with Bessemer partners making decisions for the DAO, but the firm plans for the effort to become decentralized over time. Source

Okcoin launches $165M collective investment to push Bitcoin adoption

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Cryptocurrency exchange Okcoin, along with the Stacks Accelerator and Stacks Foundation, announced on Thursday the start of the “Bitcoin Odyssey,” a one-year commitment among investment firms to invest $165 million in inventive solutions to help drive Bitcoin (BTC) adoption. The Bitcoin Odyssey is funded by Digital Currency Group, GBV Capital, White Star Capital and GSR, among other organizations, to respond to the rise in interest in decentralized finance (DeFi) and new technological capabilities made possible with Stacks. Alex Chizhik, head of listings at Okcoin, and Kyle Ellicott, partner at Stacks…

HBAR Foundation launches $100M climate-focused impact fund, declaring DOVU as inaugural grantee

The HBAR Foundation, a philanthropic and independent subsidiary of distributed ledger firm Hedera Hashgraph, has announced the launch of the environmentally-conscious Sustainable Impact Fund, SIF, conceived to foster the development of climate-conscious solutions within the Hedera ecosystem. The first recipient, a Welsh blockchain company called DOVU, will be granted $100 million to pursue their open-source Guardian technology to develop publicly transparent mechanisms, such as their audit trail, to verify carbon-offsetting data. A supporter of the Crypto Climate Accord, Dovu’s carbon-centric market capitalization platform aggregates an abundance of real-time quantitative data on all Ethereum-based…

Avalanche Foundation Launches $290 Million ‘Multiverse’ Incentives Program for Subnets – Defi Bitcoin News

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The Avalanche Foundation has announced a new incentives program to support the use of subnets. The organization announced that the program, dubbed “Multiverse,” will connect developers with a fund of up to $290 million, approximately 4 million AVAX, to incentivize the growth of subnets, a trait that allows AVAX to spur multiple networks that share common computing resources. Avalanche ‘Multiverse’ to Incentivize Subnet Usage The Avalanche Foundation has just announced a new incentives program that seeks to put subnets, a core trait of the Avalanche protocol, in the…

African Crypto Startup, Basqet Launches Payment Gateway to Enable Businesses Accept Bitcoin

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press release PRESS RELEASE. Recently, blockchain payments startup Basqet announced the launch of its cryptocurrency payments gateway which will allow businesses to accept Bitcoin and other cryptocurrencies as payment. Basqet said it is launching a public beta and will be going live with 118 businesses already signed up to start accepting payments in Bitcoin and several other cryptocurrencies. Prior to the launch of its beta launch, the team at Basqet also revealed that they had done about $1.3 million dollars in transactions with a handful of businesses. According to Bunmi…