Tag: Launches

Grayscale launches Bitcoin miner ETF, offering new exposure to crypto

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Grayscale Investments has introduced the Grayscale Bitcoin Miners ETF (ticker: MNRS), a new exchange-traded fund that provides exposure to publicly traded Bitcoin mining companies. The fund, which tracks the Indxx Bitcoin Miners Index, is designed for investors looking to gain exposure to the Bitcoin mining industry without directly investing in the cryptocurrency. Bitcoin miners play a key role in the Bitcoin (BTC) network, using powerful computers to solve complex mathematical problems that secure transactions and maintain network operations. In return, miners are rewarded with newly minted Bitcoin. The MNRS ETF…

USDT0 Launches on Arbitrum With 1:1 Backing, Faster Transfers 

Tether has upgraded its USDT stablecoin on Arbitrum to USDT0, a cross-chain compatible asset backed 1:1 by Ethereum-based USDT reserves. Tether Transitions Arbitrum USDT to USDT0 Tether says the upgrade automatically converts existing Arbitrum USDT holdings to USDT0 without requiring user action. USDT0 will serve as Arbitrum’s canonical stablecoin, maintaining the same contract address. Transfers […] Source CryptoX Portal

Maple Finance launches Bitcoin-linked yield product

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Maple Finance has launched “Lend + Long,” an on-chain structured yield product that combines treasury yields with Bitcoin upside potential while eliminating downside risks. This innovative solution is specifically tailored for institutional investors, corporate treasuries, and yield funds, bridging the gap between traditional finance and decentralized finance. The product channels deposits into the Maple High Yield Secured Pool, which generates a stable base yield, according to a release shared with crypto.news. The product is designed to protect institutional investors against the risk of Bitcoin (BTC) underperformance while offering exposure to…

Umoja launches yBTC vault offering 20%+ APY on Bitcoin

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Umoja announced yBTC, a yield vault token that provides over 20% annual percentage yield on staked Bitcoin.  The launch positions yBTC as the highest-yielding product for native Bitcoin, reflecting growing opportunities for BTC holders in DeFi, according to a note shared with crypto.news. Yield vault tokens like yBTC allow users to earn passive income by staking their Bitcoin (BTC). Each token represents a user’s share in a vault, which generates returns by employing yield strategies across DeFi protocols and centralized exchanges.  Umoja’s trade engine optimizes these strategies based on market…

Bitcoin-Backed Internet is here – LayerEdge Launches It’s Incentivized Testnet

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PRESS RELEASE. Following the success of its Devnet phase, LayerEdge proudly announces the launch of its Incentivized Testnet, marking a major milestone in the mission to build a Bitcoin-backed internet. The Testnet advances LayerEdge’s vision of extending Bitcoin’s unparalleled security guarantees through groundbreaking technology and a modular approach to trust-minimized verification. Devnet Highlights The Devnet […] Original

Launches Institutional Exchange in the US

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Crypto.com, a major global cryptocurrency exchange, has expanded its presence in the United States with the launch of institutional services. Institutional Crypto Exchange in the US Announced yesterday (Tuesday), the exchange will operate under the brand Crypto.com Exchange, offering institutional services. The company already serves retail users in the US. Kris Marszalek, CEO of Crypto.com, Source: LinkedIn “Since testing an early version of the Crypto.com Exchange in the US in 2022, we have made significant investments in the Exchange’s technological capabilities and banking infrastructure, resulting in substantial global growth and…

Tezos Launches Quebec Upgrade: Enhancing Blockchain Performance and Staking

Felix Pinkston Jan 22, 2025 01:31 Tezos has activated the Quebec upgrade, introducing faster block times, improved staking, and refined economic mechanisms, strengthening its blockchain performance and decentralization. The Tezos blockchain has successfully launched its 17th major protocol upgrade, known as Quebec, on January 20, 2025. This latest update, developed by Nomadic Labs, TriliTech, and Functori, brings significant enhancements in performance, staking, and economic mechanisms, according to Tezos Spotlight. Faster Block Processing One of the standout features of the Quebec upgrade is…

Coinbase Launches Bitcoin-Backed Loans With Rewards and Flexible Repayment Options

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Coinbase now lets users borrow up to $100,000 in USDC without selling bitcoin, offering flexible repayment, tax advantages, and instant access to funds via its streamlined platform. Borrow USDC Without Selling Bitcoin: Coinbase Introduces New Loan Feature Crypto exchange Coinbase (Nasdaq: COIN) announced on Thursday the introduction of bitcoin-backed loans, enabling customers to borrow stablecoin […] Original

Sony Launches Blockchain to Controversy

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller, CoinDesk’s Opinion and Features editor. In this issue: Sony’s blockchain faces memecoin controversy Bubblemaps readies BMT and new intel desk Babylon enhances Bitcoin’s interoperability Prosecutors seek 95k BTC Bitfinex return This article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday. Also please check out our weekly The Protocol podcast. Network news…

Sony Launches Soneium, Its Own Blockchain Platform

Sony has formally introduced its blockchain platform, Soneium, marking a substantial advancement toward decentralized technology. Sony Block Solutions Labs has initiated a new project to facilitate user engagement with blockchain technology, connecting the existing Web2 environment with the developing Web3 ecosystem. A New Era For Creators On top of the current Ethereum network, Soneium is a publicly available Ethereum Layer 2 solution. This arrangement solves common issues faced by blockchain users by enabling faster transaction processing and lower expenses. During its four-month testing phase, Soneium has processed 47 million transactions…