Tag: Platform

Binance Labs invests in DeSci platform BIO Protocol

Binance Labs, the venture capital arm of Binance, has announced its investment in BIO Protocol, a platform designed to help early-stage scientific research startups access decentralized funding opportunities. The investment sees Binance, powered by the native token BNB (BNB), make its first foray into decentralized science, the platform said in an announcement on Nov. 8. According to Binance Labs, BIO Protocol is the equivalent of the “Y Combinator of on-chain science”, a reference to the U.S.-based VC firm and startup accelerator. BIO Protocol advances the DeSci sector by providing a…

A Ponzi Unveiled? Controversial Crypto Platform Facing California’s Wrath

The California Department of Financial Protection and Innovation (DFPI) issued a Desist and Refrain Order on Monday to Trage Technologies Ltd., also known as Trage Tech, for alleged violations of securities laws. The DFPI claims that Trage Tech, which operates out of the Marshall Islands and Panama, promoted “Crypto Arbitrage Investment Packages” without proper registration. […] Source CryptoX Portal

Bridge, Which Is Being Bought by Stripe for $1.1B, Acquires Web3 Infrastructure Platform Triangle

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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