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Canadian Cryptocurrency Exchange Biconomy, Together with Partner Fund LT Capital, Launches a Fund for $100M

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Toronto, Ontario–(Newsfile Corp. – November 3, 2021) – Biconomy is one of the biggest Canadian cryptocurrency exchanges already online. Founded in 2019, the company has offices in Canada, the United Kingdom, Russia, Brazil, South Korea, and Japan.

 Canadian Cryptocurrency Exchange Biconomy, together with partner fund LT Capital, launches a fund for $100M

It is a leading exchange that provides professional and secure trading experiences to 500k+ registered users and 200k+ active community members around the world through its products and services designed specifically for cryptocurrencies.

Biconomy is very actively developing its ecosystem. Most recently, it released a launchpad for GameFi, NFT, and DeFi projects. This is a full-fledged launchpad with a wide range of services for projects and their successful entry into the cryptocurrency market.

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With the new launchpad, Biconomy and LT Capital jointly established the “Biconomy Ecosystem Foundation” with a total amount of US $100 million.
This capital mainly provides funding and joint ecosystem development support for global GameFi, Defi, and NFT development teams.

The mission of the Biсonomy exchange is to create a bridge between the real economy and the crypto economy and make cryptocurrencies more accessible to people.
The GameFi sector is a real breakthrough this year, which also connects the gaming industry with cryptocurrencies and enables players around the world to make money just by playing games.
Biconomy sees a great prospect and intends to develop the Play2Earn sector especially purposefully.

Gaming projects have several features. Firstly, they are complete newcomers to the crypto market, so the expertise and help of the exchange when entering it is very important.

Also, very often game developers are looking for funding and sponsors to develop their games.

As a result, the Biconomy exchange solves all the problems of GameFi projects – from financing, preparing a project for the crypto market, to successfully entering public trading and partnership and cooperation after listing.

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The funds from Ecosystem Foundation will be used to extend the ecosystem of the Biсonomy exchange – the development of partner and launchpad projects and investments in it. The exchange already has 6 offices around the world, more than 20 language chats, and intends to develop even more in further regions with developed crypto-economics.

And since Biсonomy also has a GameFi launchpad, and also carries out listings of promising projects, the Biconomy Ecosystems Foundation will invest in the most promising of them, thereby strengthening its position in the cryptocurrency market and among cryptocurrency exchanges.

Another direction of financing is investing in IDO projects on the Solana-based DEX Сaballo exchange, in the creation of which Biсonomy acted as a technical partner.

This is a one-of-a-kind DEX on Solana that supports the Deflationary Token Model. The first token that was listed on the Caballo exchange is the native token of the Biconomy Exchange – BIT. Caballo and Biconomy will jointly conduct an IDO on the Caballo platform, providing investments for promising projects.

Biconomy CEO Dmitriy Sheludko commented:

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“This is a very large and significant event in the life of our exchange. By forming the Biconomy Ecosystem Foundation, we will be able to develop at an even higher pace and develop many product areas-both related to direct exchange services and indirectly affecting the exchange and its development, but necessarily strengthening its ecosystem.

We invite the best projects to apply for our launchpad, and grow together with the Biсonomy exchange. For the passionate teams that joined the Biconomy ecosystem, they were empowered not only by funds and technology. Just look at the BIT community and you will know what a great thing we are doing with people in the community! We look forward to the excellent teams that will join this historic change.”

Join Biconomy Exchange Social Networks:

https://t.me/Biconomy_Global

https://twitter.com/Biconomy_Global

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https://www.facebook.com/BiconomyGlobal

https://www.youtube.com/channel/UCUr7xvFfBy8zQR0EB_cbjBQ

Website: https://biconomy.com/

Contact: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101889

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation

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blocks-&-headlines:-today-in-blockchain-–-april-25,-2025-|-bitnile,-dutch-blockchain-week,-citigroup,-philippine-blockchain-week,-dog.e-foundation

 

Blockchain’s metamorphosis from niche ledger technology to the backbone of Web3 has never been more evident. Today, we cover five stories that illustrate the evolving ecosystem: a gaming platform issuing its own token on Solana; Europe’s marquee Web3 summit; a major bank forecasting a “ChatGPT moment” for blockchain; a Southeast Asian conference aimed at busting crypto myths; and a foundation rebuilding blockchain from the ground up to solve scalability. Each development—whether product launch, industry gathering, macro forecast, educational initiative, or infrastructure innovation—offers a window into the trends shaping decentralized finance, NFTs, DeFi, and beyond.


1. BitNile.com to Launch Nile Coin on Solana

News Summary
Hyperscale Data’s subsidiary BitNile.com will introduce the Nile Coin on Solana starting May 1, 2025. The U.S.–based social gaming site chose Solana for its high throughput and low fees, aiming to enhance in-game economies, reward engagement, and deliver seamless micro-transactions. Details on tokenomics and governance are forthcoming, but management touts Nile Coin as a cornerstone of future gaming experiences.
Source: CoinTrus

Analysis & Commentary
Launching a proprietary token underscores two converging trends: the gamification of finance and finance-ification of gaming. By minting Nile Coin, BitNile.com taps into DeFi mechanics—staking, liquidity pools, NFT rewards—while leveraging Solana’s scalability. Strategically, BitNile.com positions itself for partnerships with NFT marketplaces and DeFi protocols, potentially opening secondary markets for in-game assets and generating new revenue streams beyond ad sales or subscription fees.

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2. Dutch Blockchain Week 2025 Gears Up in Amsterdam

News Summary
From May 19–25, Amsterdam will host the sixth annual Dutch Blockchain Week, culminating in the two-day summit (May 21–22) at De Meervaart. Tier 1 exchanges (Bitvavo, Kraken, Coinbase), Web3 pioneers (WOW.ai, Blockrise), regulators (European Commission, De Nederlandsche Bank), and industry partners (Mastercard, Deloitte) will convene. Side events range from AI-powered hackathons tackling compliance to padel networking meetups—underscoring the event’s blend of technology, policy, and community.
Source: Dutch Blockchain Week

Analysis & Commentary
Dutch Blockchain Week typifies the maturation of blockchain conferences into multidisciplinary forums. Beyond token talk and yield farming, panels on regulation, institutional adoption, and security reflect Web3’s integration into mainstream finance. Anticipate announcements on CBDC pilots, DeFi compliance frameworks, and cross-chain interoperability projects that may emerge from the Block & Order Hackathon.


3. Citigroup Predicts Blockchain’s “ChatGPT Moment”

News Summary
In an April 23 report, Citigroup analysts argue that 2025 could be blockchain’s “ChatGPT moment,” driven by regulatory clarity around stablecoins and integration with traditional financial systems. They forecast stablecoin market capitalization ballooning to $1.6 trillion (base case) or as much as $3.7 trillion (bull case) by 2030—anchored by dollar-denominated issuers and collateralized with U.S. Treasuries. Regulatory frameworks like the GENIUS Act could catalyze adoption among banks and fintechs.
Source: Cointelegraph

Analysis & Commentary
Drawing parallels to generative AI’s explosive growth, Citigroup envisions a tipping point where blockchain moves from experimental to essential infrastructure.  Successful integration will hinge on robust compliance tools, auditability, and clear governance models. Enterprise blockchain vendors should prepare for surging demand in tokenized payments, on-chain settlements, and embedded DeFi rails within legacy systems.


4. Philippine Blockchain Week 2025 Debunks Crypto Myths

News Summary
Scheduled for June 10–11 at SMX Convention Center Manila, Philippine Blockchain Week (PBW) 2025 will tackle misinformation and spotlight real-world use cases. Highlights include “Crypto, Unpacked” sessions demystifying the technology; “Smart Regulation” panels uniting policymakers and innovators; and “Blockchain for Impact” showcases on remittances, disaster relief, and digital identity. Founding President Donald Lim emphasizes government support and public–private collaboration to spur inclusive growth.
Source: UseTheBitcoin

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Analysis & Commentary
PBW exemplifies how emerging markets leverage education to accelerate Web3 adoption responsibly. By engaging regulators early, PBW can shape balanced frameworks that encourage innovation while protecting consumers—an instructive model for markets wrestling with both hype and skepticism.


5. D.O.G.E Foundation Launches New Blockchain, Opens Seed Round

News Summary
The D.O.G.E Foundation announced a ground-up blockchain rebuild designed to solve the scalability and reliability challenges plaguing existing networks. This modular architecture separates validation from execution to enable parallel transaction processing—targeting real-time gaming, DeFi under high load, and AI-driven applications. A seed funding round is now open to investors who share the vision of a performant, decentralized infrastructure.
Source: D.O.G.E Altcoin GlobeNewswire

Analysis & Commentary
As layer-1 congestion and high gas fees persist, new entrants must justify a “why now” with clear architectural advantages. If the D.O.G.E blockchain delivers real-world throughput and maintains decentralization, it could spur a renaissance of high-performance DeFi protocols and NFT platforms hungry for cost-effective base layers.


Conclusion & Key Takeaways

  1. Tokenization of Entertainment: BitNile’s Nile Coin on Solana highlights blockchain’s expansion into gaming economies and NFT reward systems.

  2. Convergence of Tech, Policy & Community: Dutch Blockchain Week showcases Web3’s evolution into an ecosystem engaging regulators, enterprises, and developers under one roof.

  3. Mainstream Inflection Point: Citigroup’s “ChatGPT moment” thesis suggests blockchain is poised for exponential adoption given regulatory support.

  4. Education as Catalyst: Philippine Blockchain Week’s myth-busting curriculum underscores the importance of public–private dialogue in emerging markets.

  5. Infrastructure Innovation: The D.O.G.E Foundation’s modular, high-throughput chain exemplifies the next wave of layer-1 networks addressing real-time, real-world use cases.

Today’s stories convey that blockchain’s next chapter will be written through strategic token launches, global convenings, regulatory clarity, educational outreach, and radical infrastructure redesign. By tracking these threads, industry participants can anticipate opportunities in DeFi, NFTs, Web3 games, and enterprise integration. Stay tuned for tomorrow’s Blocks & Headlines, where we’ll continue to decode the innovations shaping decentralized finance.

The post Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation appeared first on News, Events, Advertising Options.

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Blockchain

Chameleon Finance Launches Green Finance Initiative to Advance Sustainable Digital Asset Infrastructure

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Blockchain

Ov Finance Upgrades Blockchain Infrastructure to Deliver Faster, Safer Digital Asset Trading

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