Crypto Shuttle News

Tag: Launches

Enya launches beta of Boba, a new Optimistic-based Ethereum L2 solution

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Enya, a developer of decentralized infrastructure solutions, today announced the launch of the mainnet beta of Boba Network, its new Ethereum layer-2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts.

Boba reduces gas fees and improves transaction throughput by aggregating transactions in volume while ensuring compatibility with Ethereum. DeFi and NFT applications that are currently cost-prohibitive on Ethereum become affordable on Boba.

Aiming to stand out among current Ethereum layer-2 solutions, Boba provides a streamlined exit of cryptocurrency-assets from Boba to Ethereum, extensible smart contracts, and, soon, decentralized autonomous organization (DAO) governance.

Overview: Boba Network

Optimizing for user experience, the Boba Network offers fast exits that are backed by community-driven liquidity pools, shrinking the withdrawal period from the conventional seven days to only a few minutes.

Further, the Boba NFT Bridge allows for cost-effective NFT launches which can be brought to Ethereum. NFT projects are all on Ethereum, but gas wars make it a playground only for the rich. Boba makes it possible to use NFTs for micro-transactions such as in gaming while enjoying the security of Ethereum.

This solution offers the best of both worlds: security and decentralization rooted in Ethereum (no compromise like a multisig bridge wallet) but also low transaction costs and fast execution.

In terms of new capabilities for the ecosystem, Boba enables Ethereum developers to create smart contracts that trigger code running on web-scale infrastructure such as AWS Lambda, making it possible to leverage sophisticated algorithms that are either too expensive, slow, or difficult to execute on-chain.

Finally, the Boba DAO lays the groundwork for decentralized governance by encouraging the community to propose network enhancements and vote on the proposals right on the Boba Network.

“We welcome the entire DeFi and NFT developer community to build on Boba. Our team is passionate about creating a more inclusive decentralized ecosystem. We are doing this by reducing barriers to adoption for users and developers. The launch of Boba’s mainnet beta today brings us one step closer…”
– Alan Chiu, Founder & CEO of Enya

Source:
docs.boba.network

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August 19, 2021
Mimo DeFi Launches Polygon Support for Lower Fees & Faster Service | by Bit Media Buzz | Aug, 2021

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Mimo is Now Officially Live on Polygon

Singapore, Aug 9th, 2021 — Mimo, home of the world’s first decentralized, algorithmically-pegged EUR token, is now officially live on Polygon.

Polygon lands a massive integration with Mimo. With easy access to blockchain services all on the strength of a euro stable token, the newly merged DeFi project brings a valuable utility to the network.

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August 9, 2021
Blockchain title platform Ubitquity launches SmartEscrow.us to buy real estate with crypto
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Ubitquity, an enterprise blockchain-secured platform for real estate and title recordkeeping, today announced that it has officially launched its SmartEscrow.us website for the United States markets.

“SmartEscrow is a game-changer for buyers who want to purchase real estate with their cryptocurrency. The launch of SmartEscrow.us will act as an initial online portal for those buyers, title companies, underwriters, and banks. We anticipate that we will be launching a mobile version of SmartEscrow later this year,” said Nathan Wosnack, Founder & CEO of Ubitquity LLC.

Features of SmartEscrow include:
- Blockchain explorer preview of funds.
- Collection and disbursement of funds.
- Complete transparency.
- Escrow theft mitigation.
- No chargeback/clawbacks of funds.
- Real-time settlements.
- Stablecoin support (Tether, TrueUSD, USD Coin, Paxos).
- Trusted custodial wallets.
“We are providing what the market has demanded, i.e. true cryptocurrency real estate settlements. Our network of crypto banks, approved title insurance underwriters, and agencies; will allow buyers and sellers of real estate to transact via a cryptocurrency stable coin utilizing Ubitquity’s SmartEscrow custodial wallets; specifically designed for use by industry players who perform traditional real estate escrow settlement services,” said Wes Williams, Esq., VP of Product at Ubitquity.

SmartEscrow offers…
- Instant Crypto Real Estate Settlements – With the click of a button, the title, and escrow industry can disburse settlement funds to all counterparties to a real estate transaction securely, instantly, and in an immutable fashion with complete transparency.
- Fraud Mitigation – Through our network of crypto banks, approved title insurance underwriters, and utilizing our trusted custodial wallets which comply with KYC/AML requirements, you can rest assured all cryptocurrency funds are verified and traceable within each transaction.
- Feature-Rich Smart Contracts – The cryptographic hash of the data is the equivalent of an immutable time-stamp with open standards. This allows for real-time settlement in a secure environment that’s open and transparent; showing the flow of funds via a block explorer which all parties can review.
BaaS Platform

Ubitquity has a number of Blockchain as a Service (BaaS) tools available on its unanimity platform, that it has successfully integrated across a variety of industries including aviation and real estate for escrow and title closing support, title abstracting, digital, hybrid, and paper notary support, smart contract management, as well as secure document management. Ubitquity can help with regulatory-compliant token sales, integration consulting, real estate NFT (Non-Fungible Token) creation, and more.
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July 23, 2021
Green energy crypto mining ETF launches on New York Stock Exchange

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An exchange-traded fund focusing on more environmentally friendly crypto mining operations and infrastructure has been launched in the United States.

The new Viridi Cleaner Energy Crypto-Mining and Semiconductor ETF started trading on Tuesday, July 20, on the New York Stock Exchange under the symbol ‘RIGZ’.

The product is part of growing efforts to attract mainstream investors with a focus on environmental, social and governance (ESG) issues.

Viridi Funds, which launched the new investment product, stated that the fund also invests in crypto mining infrastructure businesses and semiconductor companies such as Samsung Electronics, Nvidia Corp., and Advanced Micro Devices, according to Law360.

Viridi CEO Wes Fulford, a former CEO of Bitfarms, said the fund will focus on clean energy screening. He said that the migration of mining out of China to North America was good news, as more than half of crypto mining operations in the region now use renewable energy sources:

“Obviously, with what’s happened in China the power used is dramatically lower than it was at the beginning of June. And it’s also providing the added benefit that more computing power is finding its way to other jurisdictions, sort of decentralizing the network even further, which adds to the security.”

Fulford added that Bitcoin and Ethereum address the ‘S’ and the ‘G’ from the ESG principles pretty well, and the new EFT will be adding the ‘E’. He stated that things are still in the early innings of this emerging asset class and a “tidal wave of institutional flows” has yet to come.

Related: Green Bitcoin: The impact and importance of energy use for PoW

According to a July 20 CNBC report, new data shows that Bitcoin mining isn’t nearly as bad for the environment as it used to be, thanks to older less efficient machines being switched off in China and operations moving to more environmentally friendly locations. North America has jumped from fifth to second place and now accounts for nearly 17% of all global Bitcoin mining.

On July 18, Cointelegraph reported that large U.S.-based crypto mining operations will benefit greatly from increased market share and hash rate dominance. It named Riot Blockchain, Marathon, Hut 8, and Hive Blockchain as potentially the biggest beneficiaries of China’s great mining migration.

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July 21, 2021
Uniswap v3 launches Optimistic Ethereum layer two scaling in alpha

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The long-awaited layer two scaling solutions upgrade for Uniswap has finally been spotted in the wild with the launch of version 3 on Optimistic Ethereum.

In a post on July 13, the world’s most popular decentralized exchange stated that it was pleased to finally announce the alpha launch of Uniswap v3 on the Optimistic Ethereum (OΞ) mainnet.

The alpha launch is a limited version of the full system which helps developers deploy the system gradually and address any issues that may arise. The blog post elaborated:

“Please treat this as an early alpha product. Optimistic Ethereum is a complex Layer 2 scaling solution still in need of rigorous battle testing.”

The DEX warned of potential downtime, and stated that withdrawals from OΞ to layer one will take seven days. It also stated that there are limited assets at launch, namely ETH, USDT, WBTC, DAI, and SNX, but more will be added in the coming days and weeks.

During the alpha period, the platform will support an initial throughput of 0.6 transactions per second. It added that this should equate to a transaction capacity roughly in line with layer one, but transactions on OΞ confirm instantly meaning there are no more pending or stuck swaps.

Uniswap explained that assuming v3 has equal usage to layer one, OΞ should offer transaction cost savings of up to ten times, however increased demand will drive gas costs higher. The transaction speeds will be increased over the coming weeks and months as the infrastructure is tested and optimized at scale.

Protocol founder Hayden Adams commented on the launch and high-speed transaction capabilities, adding:

“Building general purpose Optimistic Rollups is an extraordinary undertaking and a critical step for decentralized finance to gain mass adoption.”

1/

It’s happening

Instant transactions and a steady increase in scaling w/ the end goal of fully meeting demand for low cost, high speed DEX trading

All built on Ethereum and preserving decentralization https://t.co/SyVtUsswYW

— Hayden Adams (@haydenzadams) July 13, 2021

Related: Will the launch of Uniswap v3 spark a new DeFi boom?

Initial users have been impressed, with Bankless founder David Hoffman exclaiming “It’s instantaneous and insanely cheap. 5 swaps in 30 seconds, and I wasn’t even trying to be fast.”

Uniswap said that the scaling solution is complementary to Ethereum 2.0:

“Scaling Ethereum will be an iterative process, but this is a major step forward. Optimistic Rollups and ETH 2.0 are complementary scaling solutions and together will propel DeFi to mainstream adoption.”

OΞ uses an optimistic rollup which changes the zero-knowledge consensus principle by assuming that all transaction verifications are correct. Users only intervene only if they see an incorrect transaction whereby they can submit a “fraud-proof” to signal that the data is incorrect.

DeFi platform Synthetix has also announced the launch of Optimistic Ethereum for its layer two exchange for the week beginning July 26. In late May, the Ethereum layer two scaling solutions provider announced a collaboration with blockchain analytics platform Etherscan.

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July 14, 2021
Scaramucci’s Skybridge Capital Launches Ethereum Fund
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The CEO of Skybridge Capital, Anthony Scaramucci, has announced that the firm will launch an Ethereum fund. The fund is planned to be a private fund. Alongside this, Skybridge Capital has filed for an Ether ETF with the SEC. The fund already has a pending Bitcoin ETF filed with the SEC.

Anthony Scaramucci was on The Scoop podcast to talk about his bitcoin journey and the fund’s crypto game plan going forward. The fund had made the news late last year when it announced that it had invested $182 million in bitcoin.

Related Reading | Robinhood Fined $70M For Causing “Significant Harm” To Customers

This makes it one of the first hedge funds to properly dip its feet into the crypto market. A big bet made in Bitcoin when the coin was still trading for less than $30,000 apiece.

The investment firm partnered with a number of crypto firms to achieve this. Skybridge Capital expected institutional money to flow into the market and they didn’t want to be too late to get in.

Skybridge Capital Going All In

Scaramucci said on the podcast that the fund was fully committed to crypto.

“We have a full commitment to crypto,” Anthony Scaramucci, CEO, Skybridge Capital

The CEO explained that they planned to launch the Ethereum fund on July 1st. And then they would file for an ETF. A path that a lot of firms have been taking but have had no success so far.

This is due to the fact that while the SEC has received numerous filings for Bitcoin and Ethereum ETFs, it is yet to approve a single one.
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Ethereum back in the red | Source: ETHUSD on TradingView.com
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With the bull market, the number of Bitcoin and Ether ETFs filed with the SEC has grown significantly. Skybridge Capital now joins in a long line of investment funds waiting on the decision of the SEC.

Firms wait with bated breaths as the SEC takes its sweet time in deciding if it will approve the ETFs or not. Countries like Canada have approved Bitcoin and Ether ETFs and have recorded much success with the ETFs. But the U.S. SEC is yet to approve a single one.

Although approvals are not forthcoming, it says a lot about the current state of the market when so many firms are filing for crypto-related ETFs.

More Institutional Money In The Market

Scaramucci took the time to talk about the adoption of digital assets in the financial world. The CEO believes that while everyone might not jump in, there will be enough people coming into the market, enough to drive the price of the assets up.

“I just think it’s one of those weird assets where the higher the prices go, the more people are going to be drawn into the pool,” said Scaramucci.

Anthony Scaramucci sees the buy-in from Morgan Stanley into its Bitcoin fund as a sign that institutions are ready to get into the crypto market. Hence, he is very bullish that more institutional money is going to flow into the market.

Related Reading | How Ethereum Can Reach $2 Trillion In Market Cap, Matthew Sigel

Skybridge Capital is not the only firm with vested interests in the crypto market. MicroStrategy has been ramping up its Bitcoin portfolio over the last year. With a $500 million buy recently pushing the portfolio over 100,000 bitcoins.

Goldman Sachs had also taken the plunge and had started offering customers Bitcoin and Ether options and futures. It had also filed a Bitcoin ETF with the SEC but like others, it has not gotten approval.

Skybridge Capital currently has a $500 million Bitcoin fund. And it plans to keep investing and growing the fund and other digital assets funds.
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Featured image from Crytpoknowmics, chart from TradingView.com
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July 1, 2021
Extreme Art Gallery TWO TWO Launches NFT Art with Emmy-Award Winner Alan Tietel, Jimi Hendrix, Nick Walker and more | by Bit Media Buzz | Jun, 2021

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Las Vegas, USA, 10th June 2021 — A new gamechanger in the NFT scene, TWO TWO announced its official launch, dropping big names such as Emmy-Award winner Alan Tietel, whose ‘Match and Arrow’ art pieces have been tokenized into NFTs and are up for public auction.

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June 14, 2021