Schlagwort: crypto business

• Germany’s LBBW bank and crypto exchange Bitpanda have announced a partnership.
• The federal bank will use Bitpanda’s technology to develop its own custody solution for crypto.

Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has partnered with Austria-based crypto exchange Bitpanda as it looks to launch its crypto custody services.

In the announcement shared on Monday, Bitpanda said the LBBW will use the crypto exchange’s technology to pilot its crypto custody and procurement services.

New partnership alert: Bitpanda x LBBW 🤝

Landesbank Baden-Württemberg, Germany’s largest federal state bank will enhance their digital asset offering in partnership with Bitpanda!

Bitpanda Technology Solutions provides LBBW with an „Investment-as-a-Service“ infrastructure in… pic.twitter.com/hIwNXp9Wp4

— Bitpanda (@Bitpanda_global) April 15, 2024

As part of the collaboration, Bitpanda Technology Solutions offered LBBW access to its “Investment-as-a-Service” infrastructure, which the bank will use to offer crypto services to its corporate clients.

The crypto custody solution will offer access to Bitcoin and Ethereum, with further developments set for the coming months.

“The demand from our corporate customers for digital assets is increasing. We are convinced that crypto assets will establish themselves as a building block for further business models. With this cooperation, we are creating the technical and regulatory basis at an early stage to best support the individual crypto strategies of our corporate customers,” Dr Jürgen Harengel, COO Corporate Bank at LBBW, said in a statement.

According to Bitpanda CEO Lukas Enzersdofer-Konrad, the partnership between LBBW and the exchange offers customers a great avenue to access digital assets.

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• Bitcoin price has flipped above $70,000, while Ethereum is above $3,500.
• This is after news that Hong Kong is likely to approve its first spot Bitcoin and Ethereum ETFs as soon as early next week.
• Bitbot (BITBOT) is nearing the $2.3 million mark in presale amid investor interest.

Bitcoin is trading up, currently green as price hovers above $70,900. The leading cryptocurrency’s potential to break out to a new all-time high has received a new boost as reports emerge Hong Kong is set to approve its first spot Bitcoin ETFs.

BTC’s upside flip is likely to push other altcoins higher, and one of the new tokens attracting the most attention is Bitbot (BITBOT).

Is Bitcoin (BTC) set to explode next week?

There are reports that Hong Kong could approve the first spot Bitcoin and Ethereum ETFs in the region as early as Monday.

A Bloomberg report on Friday quotes sources as saying that the Securities and Futures Commission (SFC) is set to give it nod, just days after major Chinese funds applied to issue spot Bitcoin ETFs.

While Hong Kong’s decision is not officially communicated as of writing, there’s growing positivity in the market already. In January 2024, when the US Securities and Exchange Commission (SEC) approved the first spot Bitcoin ETFs, the price of BTC skyrocketed amid massive demand.

BTC reached its ATH of $73,737 in March, riding halving and spot ETFs sentiment. The SEC has called for public participation on spot ETH ETFs.

Today’s news has seen the bellwether crypto flip from lows of $69,500 to currently trade above $70,900. Ethereum has also gained slightly, currently hovering above $3,520.

Should the ETFs draw inflows as witnessed with BlackRock’s IBIT and others, there’s potential for BTC, ETH and other coins to rally in coming weeks.

Also likely to attract investor are new tokens that could tap into the overall market strength and specific fundamentals to emerge as top performers in the market in 2024 and beyond.

Bitbot: Pioneering non-custodial trading bot on Telegram

BitBot is the pioneering non-custodial crypto trading bot, poised to enter the crypto market at a time traders are keen on available opportunities.

While competing Telegram trading bots are custodial solutions – that is they control users’ private keys and thus hold their assets – Bitbot takes the approach of ‘not your keys, not your assets.” In short, Bitbot is where a Telegram bot user has the full control of their private keys and wallet.

Security is key to crypto traders, who unfortunately have had to learn the hard way given incidents involving top bots such as Unibot and Banana Gun.

By focusing on security through its partnership with Knightsafe, Bitbot has taken an early lead against potential rival trading apps.

Bitbot app’s AI capabilities add to the superior outlook, with users able to access all the advanced institutional-grade trading tools that make trading via bots such a huge market in the crypto space.

Bitbot offers all of these, including trade sniping, gem scanner, copy trading and automated execution, without compromising on user security and convenience.

Bitbot presale surpasses $2.2 million amid investor interest

The native BITBOT token is in presale and users will get access to benefits such as revenue-sharing, trading discounts and airdrops. Presale participants can buy BITBOT at the still heavily discounted price of $0.0155 in stage 10.

Early bird investors have pushed the presale to near $2.3 million. Notably, there’s just five stages to go before Bitbot hits the final stage 15 and tokens debut in the market. This could be at a time when Bitcoin and Ethereum are in parabolic mode.

That means current presale prices could be a real bargain and opportunity.

To learn more visit the Bitbot website.

The post Hong Kong’s spot ETFs report drives BTC higher; investors pile into Bitbot presale appeared first on CoinJournal.

• Binance has announced Omni Network (OMNI) as the 52nd project on the Binance Launchpool.
• Algotech (ALGT) is a new crypto project set to redefine crypto trading.
• OMNI and ALGT could be altcoins to watch in 2024.

Omni Network (OMNI) is the 52nd project on the Binance Launchpool, and excitement is high among crypto investors. Meanwhile, new crypto project Algotech (ALGT) is generating huge interest as traders look forward to its launch.

Is OMNI worth a look after the Binance announcement and could ALGT emerge as the top crypto trading related token? Find out more.

Algotech, the new decentralised algorithmic trading platform

As traders look to tap into opportunities in the crypto market, the need for cutting-edge trading tools and advanced artificial intelligent solutions is rising.

Algotech is a new decentralized algorithmic trading platform that could redefine the crypto trading space.

Not only does it offer innovative algorithms it combines the best of AI and machine learning capabilities. Algotech’s design means traders can leverage machine learning capabilities to profit from efficiency and accuracy.

The automated strategies that Algotech brings to the market and which traders can leverage to make profitable trades trend following, mean reversion and breakout trading. The strategies are a result of expert insights, machine learning techniques and quantitative analysis.

This is a project entering a market rife with opportunities and the native token ALGT could be one of the top altcoins to watch in 2024.

Omni Network (OMNI): Binance introduces 52nd Launchpool project

Omni Network (OMNI) is the latest project to feature in the Binance Launchpool ahead of its mainnet launch and trading debut. Omni is the 52nd project to bring airdrop benefits to the community via the Launchpool.

Binance users can farm OMNI over the next four days, starting on April 13, 2024 at 00:00 (UTC). Omni has a total supply of 100 million tokens, 3.5% or 3.5 million of which will be available to Launchpool participants.

At the end of the farming period, Binance will list the OMNI token and open trading on April 17, 2024, at 12:00 (UTC). Trading pairs to be added will include OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY.

What is Omni Network?

Omni Network, is an interoperability protocol that provides for low latency communications across Ethereum rollups.

The Cosmos SDK powered protocol facilitates seamless interoperability between Ethereum rollups, empowering developers and users with a unified system.

The protocol’s team announced its Genesis airdrop on Thursday.

According to a recent update, the project’s launch will initially see users have access to simple cross-rollup messaging functionality. However, as the protocol matures, OMNI holders will participate in governance decisions, including network upgrades and launch of new developer features.

Binance’s listing of projects has often seen native tokens explode in value amid listing excitement. OMNI could be the next one to see a significant price surge.

Algotech presale accelerates in stage 3

With the project set to launch in coming months, the crypto community has poured into the Algotech presale.

The native ALGT token is currently priced at $0.08 in stage 3, with over $3.7 million raised from early bird investors keen to take advantage of Algotech’s potential market dominance.

In the next stage, the ALGT price will increase to $0.10.

ALGT holders will benefit from features such as trading fee discounts, exclusive rewards and participation in future airdrop campaigns among others. Joining the presale is an early backing of a project likely to take the crypto trading by storm, particularly amid the anticipated bull market explosion.

To learn more about Algotech or to join the presale, visit their website.

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• Circle enables BUIDL share conversion to USDC with new smart contract functionality.
• BlackRock’s BUIDL investors can convert their shares to USDC 24/7.
• BlackRock’s BUIDL fund saw $240 million in first-week investments.

Circle, the issuer of USD Coin (USDC) stablecoin, has unveiled a new smart contract functionality, enabling BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) investors to convert their shares into USDC.

The groundbreaking smart contract functionality enables BUIDL investors to convert their shares into USDC at any time, 24/7.

BlackRock’s foray into tokenized funds

BlackRock’s foray into the world of blockchain and digital assets took a significant leap with the launch of its BlackRock USD Institutional Digital Liquidity Fund (BUIDL). In collaboration with Coinbase, the fund operates on the Ethereum blockchain, aiming to provide US dollar yields through tokenization.

Launched on March 19, BUIDL represents a pivotal step in integrating traditional finance with blockchain technology, backed by a consortium of industry-leading firms including Anchorage Digital Bank NA, BitGo, Fireblocks, and Coinbase.

The fund attracted a staggering $240 million in its inaugural week, signalling strong market interest in tokenized assets.

BlackRock’s BUIDL and Circle’s USD Coin (USDC) integration

With the integration of BlackRock’s BUIDL with Circle, BlackRock BUIDL investors’ pain points have been addressed by offering a near-instant off-ramp, leveraging Circle’s speed, transparency, and efficiency inherent in tokenized assets. The integration marks a significant milestone in the tokenization of financial markets, providing investors with a secure and compliant means to engage with digital assets.

Jeremy Allaire, the Co-founder and CEO of Circle, in a press release underscored the importance of tokenizing real-world assets and the role of USDC in facilitating seamless transactions. He emphasized that USDC enables investors to exit tokenized assets swiftly, thereby reducing costs and friction from the process.

Allaire expressed enthusiasm about delivering the core benefits of blockchain transactions to BUIDL investors through USDC availability, highlighting the growing significance of tokenized assets in the evolving financial landscape.

Future implications on financial markets

The integration between BlackRock’s BUIDL fund and Circle’s USD Coin (USDC) not only enhances liquidity and efficiency but also sets a precedent for the tokenization of financial markets.

As institutional investors increasingly embrace digital assets, innovations like these are poised to reshape the future of global finance.

With regulatory clarity and technological advancements driving the adoption of tokenized assets, the collaboration between BlackRock and Circle signifies a step towards democratizing access to digital financial products.

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