Tag: Platform

Termina, SVM-as-a-Service Platform by Nitro Labs, Raises $4M in Seed Round

Termina, the SVM-as-a-Service platform by Nitro Labs, has raised a $4 million seed funding round, led by Lemniscap. [NOTE: SVM stands for Solana Virtual Machine — the operating environment for smart contracts on the Solana blockchain.) According to the team: “Recognizing the lack of SVM infrastructure offerings across the market, Nitro Labs got to work on building Termina, with a clear mandate to scale the SVM while empowering developers to create customizable Solana-based networks optimized for performance and privacy. Currently over 20 ecosystem partners are building alongside Termina, including both…

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…

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

Russia Pushes for New Precious Metals Platform to Reshape BRICS Trade

Russia pushed for the creation of a BRICS platform to trade precious metals and diamonds at the BRICS Summit, criticizing excessive global trade regulations. President Vladimir Putin emphasized the need to bypass barriers that stifle the market. The summit also backed a BRICS Grain Exchange to ensure stable agricultural trade, highlighting efforts to boost cooperation […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Global Finance Faces a Shift as Mbridge Digital Currency Platform Challenges US Dollar

The People’s Bank of China emphasized the Mbridge platform’s role in improving cross-border payments through the use of central bank digital currencies (CBDCs), aiming to reduce inefficiencies and avoid new barriers. The platform, which targets underserved regions like ASEAN, could reshape global finance and challenge the U.S. dollar’s dominance while requiring careful coordination to maintain […] Source CryptoX Portal

Stripe reportedly acquires stablecoin platform Bridge in $1.1b deal

Payments giant Stripe has completed the acquisition of stablecoin platform Bridge following a deal valued at over one billion dollars. Without revealing any details, Michael Arrington, co-founder of TechCrunch, confirmed the acquisition via an Oct. 20 X post, noting that the acquisition cost Stripe $1.1 billion.  As of press time, the companies have yet to make an official statement about the purchase.  Last week, crypto.news reported that the firms were in the final stages of negotiation, but a decision had not been made. Neither, Stripe, nor Bridge had confirmed the…

Ostium Launches Novel Macro Trading Platform Amidst Growth in Global Events-Based Trading

Enables Real-Time Trading of Traditional Assets During Historic Event-Driven Market Volatility and Adoption of Prediction Markets LONDON, Oct. 18, 2024 /PRNewswire/ — Ostium Labs today announced the public mainnet launch of its onchain trading platform, offering traders unprecedented access to global macro markets during a period of global event-driven volatility, marked by speculation around the U.S. Presidential election. Ostium enables perpetuals trading on traditional market currencies, commodities, and indices in real time, markets uniquely affected by events like interest rate changes and geopolitical outcomes. The trading platform meets the needs…