Tag: Launches

Local Web3 community launches ‘Crypto Aid Israel’ to help displaced citizens

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A collective of local leaders in the cryptocurrency space, including Cointelegraph, 42Studio, MarketAcross, Collider Ventures, CryptoJungle, Nilos, Blockchain B7, Efficient Frontier, Ironblocks, the Israel Blockchain Association and Bits of Gold, have joined together ​​to establish Crypto Aid Israel, a global fundraiser to help displaced Israeli citizens in need of humanitarian aid. The ongoing and unfolding conflict has taken a heavy toll on the local civilian population, with casualties currently estimated in the thousands. According to Israeli news source Haaretz, the attacks on Israeli’s local population have resulted in the deaths…

Binance Launches Copy Trading for Futures Contracts

For those looking to follow and replicate the trading portfolios and strategies of lead traders, Binance’s copy trading can prove to be a game-changer. In a groundbreaking move, Binance, the world’s largest crypto exchange, is set to transform the crypto trading landscape with the introduction of copy trading for its highly liquid futures products in selected markets. As contained in a press release shared with Coinspeaker, this innovative feature will allow millions of users to simultaneously become both lead and copy traders, creating a dynamic community of traders seeking to…

Jack Dorsey’s Block Launches Bitcoin Hardware Wallet BitKey

Similarly, Block has embarked on a mission to democratize the Bitcoin mining industry. They recently announced plans to produce a ‘Mining Development Kit’ (MDK) for consumers. Block Inc (NYSE: SQ), a digital payments firm co-founded by Jack Dorsey, former Twitter CEO, has released its own Bitcoin (BTC) hardware storage device called BitKey. Designed in the shape of a compact hexagon, this new hardware from Block has attracted significant attention as it aims to address the growing concerns surrounding Bitcoin security and self-governance. Bitkey Unveiled As highlighted in a recent report,…

Hong Kong’s CMCC Global Launches $100M to Support Blockchain Startups

The launch of the VC fund in Hong Kong highlights the country’s rising role as a crypto haven. CMCC Global, a crypto-focused venture capital (VC) company, has successfully raised $100 million to offer equity investments to early-stage blockchain startups across Asia with a particular interest in Hong Kong, its home country. In an interview with the South China Morning Post, the company’s co-founder Martin Baumann said the inaugural funding round for the fund, called Titan Fund, concluded on October 4. The round saw participation from more than 30 investors, including…

JPEX crypto exchange launches asset-lock-up plan, as some users cry foul

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Embattled crypto exchange JPEX has pushed ahead with a plan that will purportedly transition the platform into a decentralized autonomous organization (DAO) and convert user assets to dividend shares with an incentive to lock them up for two years. An Oct. 4 announcement from JPEX said voting for its “DAO Shareholder Dividend Scheme” was completed on Sept. 28, claiming that 68% of users voted in favor for the scheme. The scheme involves letting users convert their currently frozen assets to DAO Stakeholder dividends at a 1:1 ratio, with JPEX offering…

Blockchain-Based Settlement Platform Launches in Hong Kong

Synapse is able to simultaneously create settlement instructions for all parties along the settlement chain, facilitating concurrent processing, while also providing near-instantaneous status updates to all parties involved in the trade, a technical pamphlet explains, which is important when connecting traders in two different markets. Source

Hong Kong Stock Exchange launches settlement platform powered by smart contracts

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Hong Kong Exchanges and Clearing Limited (HKEX), the operator of The Stock Exchange of Hong Kong, Hong Kong Futures Exchange, and London Metal Exchange, is launching a novel equities settlement acceleration platform. Dubbed “Synapse,” the platform will utilize smart contracts in the DAML programming language to streamline post-trade flows and enhance operational efficiencies, according to the October 4 announcement.  Synapse will be deployed on Stock Connect, an HKEX channel that enables international investors to access more than 1,000 Mainland Chinese stocks through routing in Hong Kong. “Average daily turnover of…

UBS Asset Management launches pilot of tokenized fund

UBS Group AG, financial holding company, announced the launch of a pilot project to tokenized money market fund. Money market funds are investment products focused on short-term investments. UBS believes that their tokenization will increase liquidity and attract more potential clients. The test will take place on the UBS Tokenize platform, developed on the Ethereum blockchain. The bank’s pilot is part of Project Guardian, a joint initiative between the Monetary Authority of Singapore and the Japan Financial Services Authority.  “Through this exploratory initiative, we will work with traditional financial institutions and…

Crypto Startup Deus X Capital Launches, Declares $1B in Assets and Capital

Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Deus X Capital, a new crypto-based investment firm, has announced its launch today, on October 2. According to a statement, the company is starting big with investment assets and capital that is altogether worth $1 billion, The Block confirmed in a Monday post. Tim Grant, who until September served as head of EMEA for Galaxy Digital, will serve as CEO of Deus X Capital. Grant will lead the firm…