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Pi Network to invest $100M in startups building blockchain apps


Mobile-first blockchain Pi Network has launched a $100 million fund to invest in initiatives built on its infrastructure.According to a May 14 announcement, the Pi Foundation is launching Pi Network Ventures with an initial investment of $100 million in Pi (PI) tokens and US dollars. The fund will...

Pareto launches synthetic dollar backed by private credit


Private credit marketplace Pareto has introduced a new synthetic dollar aimed at linking institutional investors with decentralized finance (DeFi) opportunities — a move that highlights the expanding role of stablecoins in global finance.The newly launched USP synthetic dollar is fully backed...

VanEck launches 'Onchain Economy' ETF


VanEck has launched a new actively managed exchange-traded fund (ETF) designed to invest in stocks and financial instruments offering exposure to the digital economy, the asset manager said on May 14.The VanEck Onchain Economy ETF (NODE) is listed on the Cboe exchange and aims to provide investors...

Bitpay Launches HODL Pay to Enable Crypto-Backed Stablecoin Spending


Atlanta-based firm Bitpay has introduced HODL Pay, enabling users to borrow stablecoins against cryptocurrency holdings for payments without liquidating assets. The service integrates decentralized finance (DeFi) protocols with Bitpay’s merchant network. Crypto Users Can Now Borrow Stablecoins...

UAE’s Mbank Launches AED Crypto Conversion


Mbank and Changer.ae have launched a Dirham-based crypto conversion service, following approval from the UAE Central Bank to open a fully regulated AED escrow account. Secure and Regulated Dirham to Crypto Conversions The United Arab Emirates (UAE) integrated digital bank, Al Maryah Community Bank...

UAE Fuel Provider Emarat Launches Crypto Payments With Crypto.com


Emarat, a leading fuel provider in the UAE, has partnered with Crypto.com to launch cryptocurrency payment services at 10 of its fuel stations. Emarat, Crypto.com Kick off Naming Rights Program for Fuel Stations In an announcement that further solidifies the United Arab Emirates (UAE)’s...

Gemini to launch crypto derivatives in Europe with new license


Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has received regulatory approval to expand crypto derivatives trading across Europe.Gemini secured a Markets in Financial Instruments Directive II (MiFID II) license from the Malta Financial Services Authority (MFSA)...

Gemini to launch crypto derivatives in Europe with new license


Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has received regulatory approval to expand crypto derivatives trading across Europe.Gemini secured a Markets in Financial Instruments Directive II (MiFID II) license from the Malta Financial Services Authority (MFSA)...

Alpen Labs Launches Bitcoin-Backed Stablecoin to Boost Censorship Resistance


Alpen Labs has introduced the bitcoin dollar (BTD), a bitcoin-collateralized stablecoin built on zero-knowledge rollup technology, aiming to provide a censorship-resistant alternative to centralized stablecoins. ZK Rollups Power Alpen’s New Bitcoin-Backed Stablecoin The bitcoin dollar (BTD) will...

Sweat wallet adds AI assistant, expands to multichain DeFi


Sweat, a move-to-earn platform that rewards users for physical activity, has launched a personalized AI agent and expanded its multichain infrastructure. The update is designed to improve user onboarding by offering interactive guidance and simplifying asset management across blockchains.The...

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