Vancouver, Canada, April 3, 2024, Chainwire JYDS, the pioneering decentralized ecosystem built on the Solana blockchain, is proud to introduce its latest innovation, JYDS Bank. JYDS Bank, an innovative feature within the JYDS ecosystem, is poised to revolutionize banking for the JunkYard Dogs Sol (JYDS) community and provide a suite of cutting-edge financial services tailored to the unique needs of its users. Strengthen your financial freedom with JYDS Bank JYDS Bank is taking a bold step in the evolution of decentralized finance (DeFi), giving users unprecedented control over their financial assets and decisions. Built on the principles of decentralization and…
Author: Crypto Flexs
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Posted 1 minute ago In ~ Updated: April 3, 2024, 4:47 PM EDT Galaxy Digital Holdings is raising a $100 million fund for early-stage cryptocurrency startups, CoinDesk reported today, citing an email sent to investors.According to the report, Galaxy Ventures Fund I, LP will invest more than $1 million each in up to 30 startups over three years, with a focus on “building financial applications, software infrastructure, and cryptocurrency protocols.”Galaxy’s move to launch a new fund for early-stage digital asset companies comes amid a resurgence in funding rounds in the cryptocurrency industry. Cryptocurrency startups raised approximately $3.1 billion in the…
Cryptocurrency exchange Deribit is moving its headquarters to Dubai after obtaining a VASP license, expanding its cryptocurrency trading services in the region. Deribit, a renowned cryptocurrency options and futures exchange, has officially received its Virtual Asset Service Provider (VASP) license from the Dubai Virtual Asset Regulatory Authority (VARA). This strategic move not only allows Deribit to expand its services into the fast-growing Middle East market, but also paves the way for the exchange’s global headquarters to be relocated from Panama to Dubai. Obtaining the VASP license is a significant milestone for Deribit as it allows the platform to legally offer…
join us telegram A channel to stay up to date on breaking news coverage April promises to be an eventful month for dog-themed cryptocurrencies, with “Doge Day” (April 20) looming as a potential catalyst. This special day for Dogecoin could see a significant increase in interest and price for all things Doge-related. Another thing to pay attention to is the Bitcoin halving event on April 18th. In the past, Bitcoin halvings have resulted in large increases in cryptocurrency markets, which could be good news for all cryptocurrencies, including those focused on dogs. Excitement around Doge Day and the Bitcoin halving…
introduction:As the cryptocurrency market matures and gains mainstream acceptance, security and protection issues for digital asset investments are becoming increasingly important to both individual and institutional cryptocurrency investors. Cryptocurrency technology is designed to provide a high level of built-in security, but the rise in high-profile hacks and thefts shows that vulnerabilities still exist. Additional measures are therefore urgently needed to protect investments and ensure users can participate in the markets with confidence.Join Digital Asset Insurance – A new solution that aims to protect cryptocurrency assets in case of security breaches, theft, or other unforeseen circumstances. Insurance coverage for digital assets…
join us telegram A channel to stay up to date on breaking news coverage Goldman Sachs said Bitcoin and other digital assets are not an investment asset class and its clients are not interested in cryptocurrencies. “We don’t think this is an investment asset class,” said Sharmin Mossavar-Rahmani, CIO of the bank’s asset management division. wall street journal (WSJ). “We don’t believe in cryptocurrency.” Her comments come as investors flock to Bitcoin exchange-traded funds (ETFs) launched by Wall Street giants including BlackRock and Fidelity in January. Bitcoin ETFs traded at about $111 billion in March, triple their February performance, Bloomberg…
If you have a currency printer, as is the case with many blockchain projects that have the power to create their own digital tokens, why wouldn’t you use one? Plus: Vitalik Buterin slams meme coins and Ethereum’s new “blob market”
Babylon has entered into an exclusive partnership with Lorenzo Protocol to introduce the Bitcoin Liquid Restake solution. Lorenzo Protocol will leverage Babylon’s new-age technology to launch a liquid re-staking token (stBTC), speaking to Bitcoin staked through Babylon’s staking protocol. This association highlights safety-related factors. This can be achieved by providing a connection with the Lorenzo protocol’s staking tokens on a layer 1 platform running Babylon’s Bitcoin staking and timestamp protocol for security reasons. Lorenzo Protocol’s overall game plan is to reshape Bitcoin along with the DeFi space. In this regard, the company is developing an initial Bitcoin liquidity re-staking protocol…
Hychain Games will release a closed beta version of its Minecraft-inspired web3 video game Hytopia this month after the developer earned $8 million from node sales, according to a statement. . According to a statement from Hychain Games, the company allows users to contribute to the security and functionality of the layer 2 blockchain, also called Hychain, “while earning rewards from a pool of $250 million worth of TOPIA tokens.” Additionally, “In just 48 hours after announcing the node sale, Highchain generated 2,098 ETH ($8 million at the time of sale), and 254 ETH ($1 million) was distributed to creators.”The…
Ethena Labs completed a massive $450 million token airdrop, with top wallets receiving $1.96 million in Ethena tokens as they hit major exchanges. Ethena Labs conducted an extensive airdrop campaign on April 2, distributing $450 million worth of Ethena tokens to several eligible wallets. The airdrop, a common strategy used by cryptocurrency projects to increase token distribution and engage the community, was completed at 7:17 AM (UTC), after which the tokens were listed on various reputable centralized exchanges. The largest portion of the airdrop went to wallet 0xb56, which received 3.3 million Ethena tokens worth about $1.96 million. This significant…