Tag: Launches

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…

Visa launches global AI advisory practice focused on generative systems

Visa announced the launch of its new global AI advisory practice on Nov. 8. The consultation service will be part of Visa Consulting & Analytics (VCA) and, according to a press release, will focus on “providing actionable insights and recommendations to empower clients to unlock the potential of AI and utilize generative AI.” Citing its “30-year AI legacy,” Visa announced the new practice alongside a range of new services related to empowering clients to understand the potential role of generative AI at the enterprise level. Using 30 years of knowledge…

HKEX-listed tech firm launches $15M Bitcoin fund

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Linekong Interactive, a gaming and film production company headquartered in Beijing and listed on the Stock Exchange of Hong Kong (HKEX), is allocating $15 million to invest in projects building on the Bitcoin network. Wang Fang, the founder of Linekong, said in a Nov. 8 tweet that the fund, dubbed “BTC Next,” will be used to accelerate emerging projects in the Bitcoin ecosystem, including “asset issuance protocols, trading markets, expansion, virtual machines, NFT, RWA, and GameFi.” For initial efforts, the firm would “participate in the research and investment of Bitcoin network ecological assets…

Binance launches Web3 wallet for its 120M registered users

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Crypto exchange Binance announced the launch of its new Web3 wallet at the Binance Blockchain Week conference in Istanbul, to be made available to all users via the Binance mobile app. During the launch, Changpeng “CZ” Zhao, CEO of Binance, revealed the intent behind launching the service: “Web3 wallets represent more than just storing digital assets — they are an integral part of the Web3 framework, empowering individuals with the ability for self-sovereign finance.” For the purpose of simplicity, Binance’s Web3 wallet launches within the primary Binance app, which is…

Vietnamese Web3 coalition Ninety Eight launches $25M ecosystem fund

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Vietnamese Web3 coalition Ninety Eight, creator of the Coin98 decentralized finance (DeFi) ecosystem, has launched a $25 million ecosystem fund dedicated to accelerating Web3 startups in Asia. According to the Nov. 7 announcement, the fund will provide financial and strategic support for selected startups. In addition, startups can use the firm’s existing Viction layer-1 blockchain infrastructure for low-gas fee transactions and enhanced security.  Another key aspect of the Ninety Eight Ecosystem Fund is its native token, $C98, designed initially as a wallet token. The $C98 token allows users to store,…

Caitlin Long’s Custodia Bank launches Bitcoin custody platform

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Custodia Bank, a cryptocurrency-friendly bank founded by Bitcoin advocate Caitlin Long, has launched its BT custody platform. The firm took to X (formerly Twitter) on Nov. 7 to announce the launch of Custodia Bank’s Bitcoin (BTC) custody service targeting businesses like fiduciaries, investment advisers, fund managers and corporate treasurers. The launch comes soon after Custodia Bank earned approval from the Wyoming Division of Banking to go live with the service, the announcement notes. Announcing the news, Custodia Bank emphasized that the platform is a non-lending bank built by Bitcoiners that offers…

Telegram CEO Pavel Durov Launches Giveaway for 10,000 Premium Subscriptions

CEO Durov spent $200,000 to buy Toncoin in order to pre-acquire Telegram Premium subscriptions in a giveaway for 10,000 Telegram users. Pavel Durov, the CEO of cross-platform instant messaging service has announced a giveaway of 10,000 Premium subscriptions to celebrate a new feature in the app. The Telegram app officially introduced a few new features, including the “Giveaways in Channels”, which allows channel owners to host giveaways for loyal followers. Durov wrote that every channel on Telegram can now host “FAIR giveaways”. He explained that the problem with previous giveaways…

ChatGPT launches new feature that lets subscribers make their own GPTs

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Artificial intelligence (AI) system ChatGPT now allows users to create their own generative pre-trained transformers (GPTs), according to a November 6 blog post from developer Open AI. This means that users can now create custom ChatGPT apps that handle a variety of tasks, instead of needing to enter long strings of commands into the chat window to perform these tasks. GPTs are a new way for anyone to create a tailored version of ChatGPT to be more helpful in their daily life, at specific tasks, at work, or at home…