Blockchain
Canadian Cryptocurrency Exchange Biconomy, Together with Partner Fund LT Capital, Launches a Fund for $100M
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.
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.
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:
“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://twitter.com/Biconomy_Global
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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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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