Tag: Launches

Bitcoin-based exSat Network launches staking services

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Bitcoin network scaling solution exSat Network has launched staking services just under two weeks after its mainnet launch. Singapore-based scaling startup exSat Network is launching staking services for Bitcoin (BTC) holders, aiming to create “new financial opportunities.” In a Nov. 5 press release shared with crypto.news, the exSat Network team stated that the new solution, accessible via the exSat bridge, offers yield potential through staking. In exchange for staked BTC, users will receive XSAT, the native token of the exSat ecosystem, which is expected to be traded on multiple exchanges…

Kraken Launches Licensed Broker Offering for Australian Wholesale Clients, Expanding Access to Crypto-Based Derivatives

Kraken has announced the launch of a licensed broker offering specifically designed for Australian wholesale clients, providing access to a range of crypto-based derivatives products. This new service allows eligible clients to manage risk and gain exposure to cryptocurrency price movements without the need to hold the underlying assets. The offering is backed by Kraken’s […] Source CryptoX Portal

UBS launches first tokenized investment fund on Ethereum

UBS Asset Management has introduced its first tokenized investment fund on Ethereum. Named “UBS USD Money Market Investment Fund Token,” or ‘uMINT,’ the fund is built on Ethereum (ETH) for various authorized distribution partners across Singapore, per UBS. Tokenization is a process that converts traditional assets, like stocks or bonds, into digital tokens that can be managed on a blockchain, the decentralized technology underlying crypto like Bitcoin (BTC) and Ethereum.  These digital tokens represent a share of the asset, enabling investors to buy, sell, or hold portions of traditional financial…

Binance Launches New Crypto Exchange-Based Platform for Wealth Managers and High Net Worth Clients

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The leading crypto exchange by trading volume is launching a new platform built with high-net-worth clients in mind. According to a new press release, Binance is launching “Binance Wealth,” a platform tailored to wealth managers. “Binance Wealth allows wealth managers to oversee the onboarding of their clients and make investment recommendations, allowing their clients to receive strong support during onboarding and thereafter while retaining full discretionary control, akin to traditional wealth management.” As the name suggests, the new platform will aim to target wealth managers, though it does not set…

Robinhood Launches Election Bets as Polymarket, Kalshi Draw Millions — But for How Long?

As Robinhood rolls out its presidential election event contracts, the prediction markets Polymarket and Kalshi are drawing in substantial multi-million-dollar revenues tied to election-related trading. Robinhood Jumps Into Election Contracts Scene On Monday, Robinhood said began deploying election event contracts to select U.S. customers on Oct. 28, just ahead of the Nov. 5 U.S. presidential […] Source CryptoX Portal

Qatar Tech Firm Launches Platform for Tokenized Islamic Finance Contracts

Blade Labs, a Qatari tech company, has launched a platform for tokenizing Murabaha contracts, a type of Islamic finance. This innovation allows for broader access to Sharia-compliant financing, both for financial and non-financial institutions. Tokenized Sharia-Compliant Contracts Blade Labs, the Qatar-based tech company focused on blockchain and Web3, recently unveiled a platform for tokenized Islamic […] Source CryptoX Portal

Binance launches MOODENG on USDT Perpetual Contract

Users can now trade the MOODENG meme token on Binance in the form of the MOODENGUSDT Perpetual Contract with up to 75x leverage. On Oct. 25 10:00 UTC, Binance Futures announced it has expanded its listing to include the Solana-based meme coin MOODENG(MOODENG) through the MOODENGUSDT Perpetual Contract. According to the company notice, the Moo Deng-inspired meme coin remains as the underlying asset, while Tether becomes the settlement asset. Moreover, the capped funding rate set by the exchange at the time of the launch is 2.00%/-2.00%. Funding fees will be…

Flare launches Blockchain Machine Images on Google Cloud

Flare, the blockchain for data networks, has unveiled a new tool designed to enable rapid and low-cost deployment of blockchain nodes. Blockchain Machine Images, a node-as-a-service solution, is Flare’s (FLR) latest product that allows web3 developers to access faster node deployment via Google Cloud’s marketplace. With Blockchain Machine Images, it’s now easier to power decentralized applications, blockchain platforms, and data streams. The solution supports Bitcoin (BTC), Ethereum (ETH) and Avalanche (AVAX) among other top blockchain networks. According to details the Flare team shared on Oct. 25, blockchain developers can leverage…

RedStone launches AVS testnet on EigenLayer

RedStone, a modular oracles platform for decentralized finance, has launched the testnet of its data validation service on the restaking network EigenLayer. The oracle platform announced the launch of a testnet for its actively validated service on EigenLayer (EIGEN) on Oct. 23. An Actively Validated Service allows for off-chain validation, enabling users to benefit from reduced gas consumption, price data accuracy, and consistency. Decentralized finance reached all-time highs of over $300 billion in total value locked at its peak in December 2021. According to RedStone, further innovations such as oracle…