Tag: Launches

Solv Protocol launches staking token to bring Bitcoin yields to Solana

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Solv Protocol has introduced ‘SolvBTC.JUP’, a new Liquid Staking Token that lets Bitcoin investors earn returns through Solana’s decentralized finance ecosystem. Even though it is only in its pilot phase, SolvBTC.JUP offers Bitcoin holders a way to generate returns, paid in Bitcoin (BTC), by participating in Solana’s (SOL) Jupiter Exchange, according to a press release shared with crypto.news. The process works by depositing Bitcoin into Solv Protocol. In exchange, users receive SolvBTC.JUP, which represents their staked Bitcoin.  This token accrues yield over time based on Solv’s involvement in the Jupiter…

Kenya Launches Digital and AI Skills Center

Kenya, in partnership with the United Nations Development Program (UNDP) and Microsoft, has established the Africa Centre of Competence for Digital and AI Skill. This center aims to equip public sector employees with digital and AI skills to improve service delivery across Africa. It aligns with Kenya’s National Digital Master Plan and focuses on topics […] Source CryptoX Portal

Deribit Launches US Yield Coin (USYC) as New Yield-Bearing Cross-Margin Collateral Option

Deribit has announced the launch of the US Yield Coin (USYC) from Hashnote as a new yield-bearing cross-margin collateral option. USYC, an ERC-20 token backed by reverse repurchase agreements on U.S. Government Securities, provides traders with a stable and flexible collateral option that generates daily yield. The assets are secured in a segregated account at […] Source CryptoX Portal

National Bank of Bahrain Launches Bitcoin Investment Product

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The National Bank of Bahrain has made a groundbreaking move by launching the first bitcoin-linked structured investment product in the Gulf Cooperation Council (GCC). This innovation, developed with ARP Digital, highlights Bahrain’s leadership in fintech while offering accredited investors a secure way to tap into bitcoin’s long-term growth potential. NBB Launches First Bitcoin-Linked Investment Product […] Original

Nexus Launches ‘World’s First Open Prover Network’ in Beta

Livepeer, a decentralized video-streaming project, hosted an AI Demo Day, showcasing eight startups that participated in its AI Startup Program over the past three months. According to the team, “These groundbreaking startups are building the future of generative AI on decentralized infrastructure. They include: Flipguard, Katana Video, Newcoin, Operator, Origin Stories, Refraction, StreamEth and Supermodel. Applications are open for the Q4 cohort of the Livepeer AI Video Startup program, which includes $20K in grant funding. Applicants can apply here: https://livepeer.typeform.com/to/tMAF463P.” Source

VanEck launches $30m fund for crypto and AI startups

VanEck has announced the launch of VanEck Ventures, a $30 million early-stage fund focused on fintech, digital assets, and artificial intelligence.  The fund will support pre-seed and seed-stage startups, with investment amounts ranging from $500,000 to $1 million per project. VanEck is a global investment firm managing $115 billion in assets. Led by former Circle Ventures heads Wyatt Lonergan and Juan Lopez, the fund aims to identify and back 25 to 35 startups that offer both financial and strategic upside. Lonergan and Lopez bring a wealth of experience from Circle,…

Circle Launches Native USDC on Sui Blockchain

Lawrence Jengar Oct 08, 2024 12:45 Circle has introduced native USDC on the Sui blockchain, enabling seamless access to USDC liquidity without bridging. This development supports Sui’s expanding ecosystem of over 85 applications. Circle, the prominent fintech firm, has announced the launch of native USD Coin (USDC) on the Sui blockchain, facilitating direct access for developers and users to USDC liquidity without the need for bridging. This move is part of Circle’s broader strategy to enhance stablecoin availability across multiple blockchain networks,…