Tag: Launches

a16z-backed TrueFi launches DeFi lending market for asset managers

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Stablecoin operator TrustToken has launched a new lending marketplace that allows asset managers to create their own decentralized finance products, potentially opening the door to wider mainstream adoption of DeFi solutions.  The new lending marketplace, which is offered on unsecured lending protocol TrueFi, gives independent financial institutions the ability to design, launch and fund new investment products. Asset managers also have access to TrueFi’s pool of lenders and borrowers as well as TrustToken’s institutional offerings. Version 1 of the TrueFi protocol was shipped to institutional clients in November 2020 around…

GameStop Taps Immutable X for NFT Marketplace, Launches $100M Gaming Fund

After tipping off its plans for the metaverse in a Web 3 job posting last October, GameStop is partnering with Immutable X for the launch of its non-fungible token (NFT) marketplace, the company announced Thursday. The gaming retail giant said it tapped the Ethereum Layer 2 solution due to the network’s “zero gas fees for trading and minting NFTs in a carbon-neutral environment,” according to a press release. GameStop plans for its marketplace to include “billions of low-cost, in-game assets that can easily be bought and sold,” specifically mentioning digital…

Bitcoin education center launches in El Salvador to boost adoption

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Major peer-to-peer (P2P) Bitcoin (BTC) platform Paxful is working to help Salvadorans better use BTC as the cryptocurrency became legal tender in El Salvador last year. Paxful on Wednesday announced the launch of “La Casa Del Bitcoin,” a new educational and training center in El Salvador to enable free learning opportunities related to BTC. https://t.co/qSPHy997JJ — Paxful (@paxful) February 2, 2022 As part of the effort, Paxful will hold educational workshops and talks focused on Bitcoin and financial inclusion in the country. The center will focus on growing awareness around…

Grammy-winner John Legend launches new music and art NFT platform

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American singer-songwriter John Legend is solidifying his position among the ranks of celebrities flocking to the world of nonfungible tokens (NFTs), helping to launch a new NFT platform for musicians and other entertainers. The platform called OurSong allows artists to tokenize and sell their work, awarding buyers with privileges like access to unreleased music and private chatrooms. “Everyone can now turn stories, music, photography, and any kind of art into NFT trading cards called Vibes,” the platform states. “Vibes allow you to unlock exclusive updates and access private chat communities…

KDX Launches Pre-Launch Sale On Tokensoft Following X-Wallet Release – Blockchain News, Opinion, TV and Jobs

Kaddex, the powerful, gas free DEX on the Kadena blockchain, have launched their public pre-launch sale on Tokensoft (@TokensoftInc) on February 1st, 2022 at 14:00 UTC, following the recent launch of X-Wallet. Registrations remain open for the sale. This comes following the recent launch of X-Wallet: a web extension wallet that enables seamless decentralized application (Dapp) interaction without its users ever having to leave the web browser, via the Chrome Web Store. KDX’s Public Sale will offer 50,000,000 KDX tokens (5% of the total supply) with the following terms: KDX…

Grayscale Launches First Equity ETF Tracking New Joint Index With Bloomberg

The BGFOF index was launched in January in conjunction between the two firms and tracks the performance of 22 financial services companies in the digital economy. The list of companies includes Silvergate Capital (SI), PayPal (PYPL), Coinbase Global (COIN), Block (SQ), Robinhood Markets (HOOD), Argo Blockchain PLC (ARB) and more. The index, which can include payments, exchange, asset management, hardware, blockchain/tech and mining companies, is rebalanced every quarter. Source

NYDIG Launches Service for Workers to Get Paid in Bitcoin

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NYDIG has launched an employee benefit program allowing workers to convert a percentage of each paycheck into bitcoin. Employees enrolled in the Bitcoin Savings Plan can choose what percentage of their pay they would like to auto-convert to bitcoin, and the crypto is then held in NYDIG’s cold-storage system with no transaction or storage fees. Strike and Coinbase launched similar platforms last year, but those did not require an employer to sign up in order for a worker to take advantage. NYDIG’s Bitcoin Savings Plan, on the other hand, requires…

Panther Protocol’s $ZKP Token Launches, Sets to Revolutionize Private Finance – Sponsored Bitcoin News

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sponsored In the growing DeFi panorama, both institutional traders and retail investors are starting to notice the inherent privacy issues with the most popular Layer-1 blockchains. The extreme transparency of L1s such as Ethereum, Solana, and Avalanche, to name a few, leaves investors vulnerable to attacks such as front-running and MEV. Meanwhile, the lack of interchain features to seize the many opportunities of a thriving ecosystem keeps billions of dollars in value separated. And, of course, traceability and surveillance are issues permanently looming on the horizon. Introducing Panther Protocol, the…

Circle Launches USDC on Flow Blockchain – Bitcoin News

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Circle, the operator of USDC, one of the biggest stablecoins by market cap, has launched USDC as a native asset on top of the Flow blockchain. Flow is a blockchain project made to host NFT and game-based initiatives, aiming for low fees and a high volume of transactions. With this launch, USDC aims to keep expanding its reach to more blockchains, with Flow being the eighth native blockchain where USDC resides. USDC on Flow Circle, one of the biggest payments companies in the U.S., has launched one of…

VanEck launches its first multi-token cryptocurrency fund

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On Monday, VanEck, a financial institution with close to $82 billion in assets under management with exchange-traded funds, or ETFs, mutual funds, and institutional accounts, announced the launch of its first cryptocurrency fund. The fund is listed as an exchange-traded note, or ETN, on the Deutsche Borse Xetra and SIX Swiss Exchanges with exposure to Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Solana (SOL), Tron, Avalanche (AVAX), and Polygon (MATIC). Gijs Koning, co-head of VanEck Europe, elaborated on why it was important for the firm to facilitate investment in digital currencies:…