Tag: Launches

Binance launches Dual Investment product 

In a Nov. 14 announcement on X, Binance shares the news of Dual Investment products with updated target prices and settlement dates. According to the website, Dual Investment will allow individuals to purchase or sell cryptocurrency at a predetermined price and date in the future.  Rewards, regardless of direction The announcement shares that the Dual Investment product will be available in a subscription format based on a first-come, first-served basis, with updated target prices and settlement dates. The Dual Investment platform offers opportunities to earn rewards by participating in buy low and…

Huawei Cloud launches web3 services at Singapore summit

Huawei Cloud unveils innovative Web3 services at the SUSTAINABLE WEB3 SG 2023 Summit. Huawei Cloud has recently announced a significant move into the Web3 sector at the SUSTAINABLE WEB3 SG 2023 Summit, a key event jointly organized by Wanxiang Blockchain Labs and the Singapore University of Social Sciences. Huawei Cloud introduced a suite of Web3-focused cloud services, aiming to catalyze advancements in this emerging sector. The services include the Node Engine Service, confidential computing, and the InterPlanetary File System (IPFS). These offerings are designed to bolster the Web3 infrastructure, enhancing…

OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK

Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named “X1,” according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers. OKX exchange interface. Source: OKX OKX is the sixth-largest centralized crypto exchange by volume, with over $1.8 billion in trading volume per day, according to data from CoinMarketCap. Its token, OKB, has a current market cap of over $3.6 billion, making it one of the top…

Disney launches NFT platform with Dapper Labs

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Disney has created a nonfungible tokens (NFT) platform together with blockchain and metaverse firm Dapper Labs. According to the November 14 announcement, Disney will tokenize its iconic cartoon characters from the past century onto its NFT marketplace dubbed “Disney Pinnacle.” The platform will also include icons from Pixar as well as heroes and villains from the Star Wars galaxy, uniquely styled as collectible and tradable digital pins. “Fans anywhere will be able to collect dynamic pins on their phone and trade instantly and securely with each other no matter where…

Uniswap launches Android wallet app with built-in swap function

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Uniswap Labs has publicly released an Andriod mobile wallet app with built-in swap capability on the Google Play store. The new app allows users to make swaps through the decentralized exchange (DEX) from within the app, eliminating the need for a separate web browser extension, Uniswap Labs vice president of design Callil Capuozzo told Cointelegraph. The app was released in a closed beta on Oct.12, but this is the first time the Android version has become available to the general public. An iOS version was released in April. Uniswap mobile…

Singapore startup dtcpay launches retail crypto payments system with Chinese partners

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Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. The company mentioned Tether (USDT), Ether (ETH) and Bitcoin (BTC) in its announcement. The company is partnering with open-source blockchain PlatON for privacy-protected digital infrastructure and Allinpay International to create smart terminals and a digital interface. Both PlatOn and Allinpay are based in China. Dtcpay and Allinpay are registered with the Monetary Authority of Singapore (MAS) as major payment institutions. A spokesman for Allinpay parent company Tonghua International said: “This cooperation will…

Xapo Bank launches ETH, ADA, MATIC buying

Xapo Bank announced to crypto.news that it will become the first licensed retail bank to offer its customers the ability to buy, sell and hold Ethereum (ETH), Cardano (ADA) and Polygon (MATIC) cryptocurrencies. The bank, which received its full banking license in Gibraltar in 2018, has previously only allowed customers to hold Bitcoin, stablecoins like USDC and Tether, and fiat currencies like U.S. dollars and British pounds. By expanding into other major cryptocurrencies like ETH, ADA, and MATIC, Xapo is aiming to provide its users a “one-stop shop” for digital…

Lightspeed Faction launches $285M startup fund for crypto projects

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Venture capital firm Lightspeed Faction has created a $285 million fund for crypto startups, according to a Nov. 9 announcement. The fund will focus on “early stage blockchain projects” and will also provide capital as these projects scale, the announcement stated. At Faction, no entrepreneur will ever have to answer: “why crypto?” We are fully red-pilled. We’re coming out of stealth & announcing the launch of Lightspeed Faction Fund I, a $285M early-stage venture fund dedicated exclusively to crypto https://t.co/oUiAh6t5Sp — Faction (@FactionVC) November 9, 2023 Lightspeed Faction said it…

LidoDAO launches official version of wstETH on Base

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Lido’s governing body has approved the deployment of Lido’s Wrapped Staked Ether (wstETH) to Coinbase’s Base network, according to a Nov. 8 announcement. The token is now live and can be traded or used in decentralized finance (DeFi) applications on the Base network. Lido is on @BuildOnBase You can now bridge your staked ETH to Base. https://t.co/JmmFeVwNnN pic.twitter.com/R9vN2XGs2g — Lido (@LidoFinance) November 8, 2023 Lido is a liquid staking protocol that allows users to stake some cryptocurrencies while simultaneously using them in DeFi applications. It does this by issuing a…