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CoinMarketCap Launching CMC Labs – Web3 Startup Accelerator Program

The CMC Labs program will last for one year only. In particular, it is highly selective, involving a limited number of participants. People who want to be a part of CMC Labs must meet certain criteria. CoinMarketCap, the world’s leading data provider on crypto market capitalization, has announced the launch of CMC Labs – an exclusive Web3 program dedicated to ...

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Trust Wallet Rolls Out Wallet as a Service (WaaS) for Web3 Businesses 

Trust Wallet claimed that Binance’s newly launched Web3 wallet, unveiled during the company’s Blockchain Week, is a product of its WaaS technology. Decentralized wallet provider Trust Wallet has announced the launch of its new product Wallet as a Service (WaaS) to boost the adoption of the Web3 ecosystem. in one Announcement On Wednesday, the company said that WaaS was designed ...

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HSBC and Ripple’s Metaco to Launch Tokenized Securities Custody Service for Institutional Clients

HSBC, one of the world’s largest banks, revealed that for now, its custody plans include “tokenized securities issued on third-party platforms.” HSBC Holdings (LSE: HSBA), in partnership with Ripple Labs Subsidiary Metaco has announced plans to launch a digital asset custody service for institutional clients. The service will offer custody for assets such as tokenized securities and is expected to ...

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Robinhood’s Crypto Trading Revenue Drops by 55% in Q3 2023

Despite some setbacks, Robinhood remains committed to the crypto sector. investment app Robin Hood The third quarter of 2023 saw a further decline in its crypto trading revenues. While the company’s net profit rose 29% year-over-year to $467 million, its transaction-based income declined. According to quarterly reportCrypto trading revenue fell 55% to $23 million. Losses for crypto-based transactions on the ...

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Stablecoins Real World Utility Rises as Speculative Trading Drops 90%

A recent research paper concluded that the use of stablecoins for speculative activities in the crypto asset industry has declined by 90 percent since 2019. Circle Internet Financial LLC recently co-authored a research paper titled ‘Beyond Speculation: Payment Stablecoins for Real Time Gross Settlements’, which was featured among three other articles at DC Fintech Week 2023. From the stablecoins research, ...

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Custodia Bank Launches Segregated Bitcoin Custody Platform

The bank offers separate accounts, which it claims offer better customer protection than standard omnibus accounts. Wyoming-based Custodia Bank has announced the launch of a Bitcoin Custodial platform for fiduciaries, investment advisors, fund managers and corporate treasurers. The platform was approved by the Wyoming Division of Banking and is available in some US states. 1/ Big news!! of custodia #bitcoin ...

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WisdomTree to Expand Investment Options with Bitcoin in Commodity ETF

While WisdomTree is expanding its investment options with Bitcoin, the asset manager has also decided to exit five of its ETFs. wisdom treeOne of the major players in the financial industry is considering adding Bitcoin (BTC) as part of its commodity exchange-traded fund (ETF), providing its clients with exposure to the crypto market without directly investing in the asset. Does. ...

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

CEO Durov spent $200,000 to purchase Toncoin in order to pre-obtain Telegram Premium subscriptions for 10,000 Telegram users. pavel durovThe CEO of the 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 some new features, including “Gifts in Channels”, which allows channel owners to ...

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