Browsing:Market News

Voyager and Binance.US $1B Deal Moves Forward After Successfully Resolving Legal Disputes.
1 year ago 1 min read

Voyager’s $1B Deal with Binance.US Moves Forward After Resolving Legal Concerns

Bankrupt cryptocurrency lender Voyager Digital Holdings has successfully sealed a deal with the United States federal government that paves the way for a $1 billion plan allowing Voyager to sell its assets to the U.S. arm of Binance. The government can still work on an appeal on exculpation provisions, which it believes protect Voyager from certain legal liabilities. The deal with Binance.US was temporarily halted by a federal judge after an emergency stay request from the U.S. government. Despite challenges from Voyager and the Official Committee of Unsecured Creditors, the government’s request was granted on March 27. U.S. regulators have

Silvergate Bank's Alleged Association with FTX Brings About Combined Legal Action
1 year ago 1 min read

Judge Combines Silvergate Lawsuits Involving Alleged Ties to FTX

A California judge has ordered the consolidation of three investor lawsuits against the now-defunct crypto bank, Silvergate Bank. The lawsuits involve the bankrupt crypto exchange FTX, which is accused of facilitating investor fraud with the help of Silvergate. The three cases, brought by four former investors, will remain separate from other federal cases against FTX and its founder, Sam Bankman-Fried, but will be combined by mutual agreement of the litigants. Silvergate is accused of aiding and abetting FTX’s alleged misconduct, including processing illegitimate transfers of FTX customer funds to its sister trading firm, Alameda Research. The consolidation was ordered due

Australia Takes the Lead in Bitcoin ATM Adoption Across the Globe
1 year ago 1 min read

Bitcoin ATM Expansion Surges in Australia, Outpacing Asia

Australia has recently emerged as a powerhouse in the crypto ATM space, surpassing the entire continent of Asia in the total number of crypto ATMs installed. According to data from Coin ATM Radar, Australia now hosts the third-largest network of Bitcoin ATMs in the world, with 364 machines installed. What’s even more impressive is the country’s consistent growth in space. While other leading nations, such as the United States and various European countries, have seen a reduction in ATM installations, Australia has been consistently adding new machines since the beginning of 2023. This growth comes at a time when the

Ethereum MEV Bot Feasts on Gas as Memecoin Craze Takes Hold
1 year ago 1 min read

MEV Bot Drains Over $1M in Gas Fees as Ethereum’s Memecoin Craze Continues

An Ethereum MEV bot has been busy pumping obscure memecoins, such as PEPE and WOJAK, and churning through the gas in the process. The bot, known as ‘jaredfromsubway.eth,’ spent over $1 million in gas in the past 24 hours, accounting for almost 8% of the total gas spending over that period. This has caused gas prices to increase for regular users. The bot has spent over 1,183 ETH, worth $2.4 million, in the past week, making it the top gas guzzler with a monthly Ethereum gas usage of $5.3 million. The bot uses Maximal (formerly Miner) Extractable Value (MEV) to

The official Twitter account of the Floki Inu ecosystem has been awarded a golden checkmark
1 year ago 1 min read

Floki Inu Becomes First Dog-Themed Crypto Ecosystem to Receive Twitter Golden Checkmark

The Floki Inu ecosystem, which has taken the crypto world by storm, has added another feather to its cap. The official Twitter account of the Floki Inu ecosystem has been awarded a golden checkmark, which signifies that it is a business organization account. Notably, Floki Inu is the first and only dog-themed crypto ecosystem to receive this prestigious mark. Even Elon Musk’s favorite Dogecoin only has a blue checkmark, along with fellow meme tokens Shiba Inu and BabyDogeCoin. The announcement of the golden tick coincides with the release of FlokiUltras 2.0, the second phase of a guerilla marketing competition organized

Avalanche (AVAX)
1 year ago 1 min read

Merit Circle DAO Launches Beam, a Gaming Subnet Built on Avalanche (AVAX)

Merit Circle DAO, a growing digital community focused on developing futuristic gaming infrastructure, has announced the launch of Beam, a gaming subnet built on the Avalanche (AVAX) blockchain. Beam aims to revolutionize the gaming industry by providing a seamless onboarding process for developers seeking to build next-generation gaming protocols. The $MC token is expected to be used for gas fees and network validation on the Beam subnet. As a result, $MC holders will benefit from increased token burns from the Beam network. The Avalanche network ensures minimal fees for fast transactions, and the Beam network allows gaming developers to focus

The Russian central bank is reportedly considering the use of cryptocurrencies
1 year ago 1 min read

Russian Central Bank explores the potential of crypto for international payments

The Russian central bank is reportedly considering the use of cryptocurrencies for international settlements, marking another step in the country’s efforts to regulate the crypto market. The move comes as Russia faces international sanctions, with the country’s central bank exploring the use of cryptocurrencies for external payments as an experiment. While the central bank generally opposes the use of cryptocurrencies, officials have stated that they are open to the idea of using them for international settlements. Russia is also working on a broader framework experiment for the use of cryptocurrencies, with updates to its cryptocurrency regulations expected soon. Among these

Binance cryptocurrency exchanges has reportedly lifted the €10,000 limit on Russian accounts
1 year ago 1 min read

Binance Lifts €10,000 Limit on Russian Accounts

Binance, one of the world’s largest cryptocurrency exchanges, has reportedly lifted the €10,000 limit on Russian accounts that was imposed in April 2022. This development was reported by RBC, a local media outlet, on April 18. According to the report, the technical support team of Binance confirmed that Russian users can now deposit and trade on the platform beyond €10,000. However, Russian users are still prohibited from peer-to-peer transactions in U.S. dollars and Euros. Binance’s decision to lift the restrictions comes almost a year after it imposed the limit. At the time, the exchange cited the EU’s fifth package restrictions

Unchained Secures $60M Investment to Revolutionize Collaborative Custody for Bitcoin
1 year ago 1 min read

Unchained Secures $60M in Funding to Expand Collaborative Custody Bitcoin Services

Unchained Capital has secured $60 million in a Series B funding round led by Valor Equity Partners, despite the bear market grind. The financial services provider for Bitcoin holders offers a more secure way to hold fees than storing crypto on centralized exchanges or single-key solutions. Unchained’s custody model leverages the Bitcoin network’s native multi-signature capabilities, with clients sharing control of their Bitcoin between private keys they hold and private keys held by Unchained or other financial services companies. The multi-sig process eliminates single points of failure and mitigates counterparty risk by sharing it between multiple parties, radically reducing risk

Bitget has partnered with Core DAO
1 year ago 1 min read

$200 Million Ecosystem Fund Launched by Bitget and Core DAO to Boost Crypto Innovation

Bitget, a renowned crypto derivatives trading platform, has partnered with Core DAO, a blockchain development organization, to promote the creation of decentralized applications (dApps) on the Core network’s Layer-1 blockchain. This partnership will provide a $200 million ecosystem fund that will support early-stage projects on the Core network. The ecosystem fund will be supported by other strategic partners such as the global crypto exchange MEXC. This fund will offer grants to developers who hit pre-defined milestones. Bitget’s collaboration with Core DAO will include the listing of Core projects and the opening of a new Core Trading Zone on its derivatives

Coinbase has laid out a vision for the UK to become a leader in the Web3 economy,
1 year ago 1 min read

Coinbase Joins Forces with UK to Build Web3 Hub as Blockchain Taskforce Returns

Coinbase, one of the world’s largest cryptocurrency exchanges, has laid out a vision for the United Kingdom to become a leader in the Web3 economy, creating an “innovation hub” for the crypto sector. The exchange’s comments come as the U.K. Treasury reportedly revives its Asset Management Taskforce, which will focus on developing crypto regulation in partnership with the private sector. In an April 16 blog post, Coinbase stated that it is working “seriously” in the U.K. and Europe, praising the region’s progressive regulatory efforts. The company’s CEO, Brian Armstrong, is set to speak at a London fintech conference and provide

Ethereum Holders Sit on Almost $2 Billion in Unstaked Tokens
1 year ago 2 mins read

Almost $2 Billion Worth of Ethereum (ETH) Coins Remain Unstaked

Ethereum ($ETH), the second-largest digital currency by market capitalization, is set to see nearly $2 billion worth of tokens withdrawn from its network as validators wait for their turn to collect rewards earned from securing the network. The withdrawals come after the Shapella hard fork, which went live on Ethereum’s network last week, implementing Ethereum Improvement Proposal (EIP) 4895. The upgrade allows for the withdrawal of staked Ether, which had been locked on the network since the launch of the Beacon Chain, completing Ethereum’s transition to a Proof-of-Stake consensus mechanism. This move is expected to produce short-term price fluctuations as

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus