Coinbase Launches Wrapped Bitcoin Token on Top of Solana

Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: “This is the first token Coinbase has issued on Solana, and with it, we’re excited to bring easy access to BTC.” Coinbase partnered with […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ethereum L2 Project Launches On-Chain Order Book On Fuel

Este artículo también está disponible en español. Spark, a decentralized trading protocol, announced the first fully on-chain order book for the Ethereum ecosystem. Launching on Fuel Network, the project aims to provide solutions for some of the limitations in the Decentralized Finance (DeFi) landscape and offer traders fast, secure, and transparent trading with minimized state and reduced storage. Related Reading Spark Brings First On-Chain Oder Books To The Ethereum Ecosystem Decentralized trading protocol Spark is launching the Ethereum ecosystem’s first fully on-chain order book, seeking to offer traders a “secure,…

Dune Launches Dashboard Tracking $2.5B Lost to Crypto Hacks and Phishing Scams

One of the new dashboard’s most striking features is its funds flow analysis, which reveals where stolen funds ended up after being siphoned from victims. Unsurprisingly, platforms like Tornado Cash — the crypto mixer sanctioned by U.S. authorities — emerge as major endpoints for these funds. However, decentralized finance (DeFi) protocols like Sushi, Yearn, and Uniswap also rank among notable end destinations for laundered assets. Source

Trace Launches ATP Tour Digital Collectibles on Sui Blockchain

Rongchai Wang Nov 07, 2024 13:43 Trace collaborates with ATP to mint digital collectibles on Sui, enhancing fan engagement with dynamic NFTs during the Nitto ATP Finals in Turin. In an innovative move to enhance fan engagement, Trace, a Web3 sports marketing platform, has launched digital collectibles on the Sui blockchain, according to Sui Foundation. This initiative involves a collaboration with the Association of Tennis Professionals (ATP) to commemorate significant moments from the Nitto ATP Finals, scheduled to take place in Turin…

Bitcoin.com Launches Bitcoin Rewards at 30% APY

Bitcoin.com, a pioneer in the Bitcoin and crypto space since 2015, has launched Bitcoin rewards at 30% APY. Rewards, which accumulate in real-time without lockups or custodial risk, are paid in tBTC, Threshold Network’s breakthrough Bitcoin bridge that brings the power of decentralized finance to Bitcoin, enabling faster transactions, flexible trading, lending, and more. “We […] Original

Bitcoin-based exSat Network launches staking services

Bitcoin network scaling solution exSat Network has launched staking services just under two weeks after its mainnet launch. Singapore-based scaling startup exSat Network is launching staking services for Bitcoin (BTC) holders, aiming to create “new financial opportunities.” In a Nov. 5 press release shared with crypto.news, the exSat Network team stated that the new solution, accessible via the exSat bridge, offers yield potential through staking. In exchange for staked BTC, users will receive XSAT, the native token of the exSat ecosystem, which is expected to be traded on multiple exchanges…

Kraken Launches Licensed Broker Offering for Australian Wholesale Clients, Expanding Access to Crypto-Based Derivatives

Kraken has announced the launch of a licensed broker offering specifically designed for Australian wholesale clients, providing access to a range of crypto-based derivatives products. This new service allows eligible clients to manage risk and gain exposure to cryptocurrency price movements without the need to hold the underlying assets. The offering is backed by Kraken’s […] Source CryptoX Portal

UBS launches first tokenized investment fund on Ethereum

UBS Asset Management has introduced its first tokenized investment fund on Ethereum. Named “UBS USD Money Market Investment Fund Token,” or ‘uMINT,’ the fund is built on Ethereum (ETH) for various authorized distribution partners across Singapore, per UBS. Tokenization is a process that converts traditional assets, like stocks or bonds, into digital tokens that can be managed on a blockchain, the decentralized technology underlying crypto like Bitcoin (BTC) and Ethereum.  These digital tokens represent a share of the asset, enabling investors to buy, sell, or hold portions of traditional financial…

Binance Launches New Crypto Exchange-Based Platform for Wealth Managers and High Net Worth Clients

The leading crypto exchange by trading volume is launching a new platform built with high-net-worth clients in mind. According to a new press release, Binance is launching “Binance Wealth,” a platform tailored to wealth managers. “Binance Wealth allows wealth managers to oversee the onboarding of their clients and make investment recommendations, allowing their clients to receive strong support during onboarding and thereafter while retaining full discretionary control, akin to traditional wealth management.” As the name suggests, the new platform will aim to target wealth managers, though it does not set…

Robinhood Launches Election Bets as Polymarket, Kalshi Draw Millions — But for How Long?

As Robinhood rolls out its presidential election event contracts, the prediction markets Polymarket and Kalshi are drawing in substantial multi-million-dollar revenues tied to election-related trading. Robinhood Jumps Into Election Contracts Scene On Monday, Robinhood said began deploying election event contracts to select U.S. customers on Oct. 28, just ahead of the Nov. 5 U.S. presidential […] Source CryptoX Portal