Browsing:News

Coinbase Given Go-Ahead for Offshore Exchange, Launch Date Expected Soon
1 year ago 1 min read

Coinbase’s Offshore Exchange Receives Regulatory Approval, Launch Imminent

Coinbase, the largest cryptocurrency exchange in the United States, has acquired a Class F license from the Bermuda Monetary Authority (BMA) under the Digital Asset Business Act. This new license allows Coinbase to launch an offshore derivatives exchange platform that will permit the trading of perpetual swaps tied to cryptocurrencies. The news has raised speculation on how the crypto exchange will handle the current regulatory scrutiny in the US, especially with its announcement of possible relocation in the region. Coinbase’s Class F license enables the company to engage in various activities, including the sales and issuance of tokens. Additionally, it

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

Finder survey anticipates Bitcoin's peak at $42,000 in 2023
1 year ago 2 mins read

Bitcoin’s value to reach a high of $42,000 in 2023, says Finder survey, with a year-end price of over $35,000

Australia-based information services platform Finder recently conducted a survey in April among 32 crypto industry specialists to get their views on the price outlook for Bitcoin in the coming decade. According to the average predictions for 2023, Bitcoin will hit a high of US$42,225, a low of US$17,026, and close the year at US$35,485. The survey found that Bitcoin’s price will be closely related to developments in the banking industry. A shakeout in the banking industry could demonstrate Bitcoin’s ability to store value, offering an alternative investment option free from government and central bank controls, according to Ben Ritchie, director

Artwork Marketplace and Community Platform HeartX Announces App Product Close Beta
1 year ago 2 mins read

Artwork Marketplace and Community Platform HeartX Announces App Product Close Beta

Central, Singapore, April 19th, 2023 HeartX, an artwork marketplace and community platform, just announced that its app product starts the Close Beta Test today. It’s available now on both App Store and HeartX official website, but only people with the limited invitation code can register as community members and start earning by voting. The Close Beta of the HeartX app introduces people to their Vote-to-Earn system, which is the beginning of its X-to-Earn ecosystem that the HeartX team has planned. Those interested can acquire the invitation code by following HeartX on Twitter to participate in specific activities and taking part in events on Discord.

SwissBorg Raises over €20M with Revolutionary Community-Centric Fundraising
1 year ago 2 mins read

SwissBorg Raises Over €20M with Revolutionary Community-Centric Fundraising

Lausanne, Switzerland, April 18th, 2023 In a groundbreaking move that has set new standards for fundraising, SwissBorg has demonstrated the power of community-centric approaches in raising funds, outperforming even private and institutional investors. Building upon their earlier success in raising $50 million from 24,000 individuals during their initial coin offering (ICO) held in 2017/18, SwissBorg’s Series A fundraising, which closed last Friday, has produced astonishing results. SwissBorg raised a total of 21,242,064 Swiss Francs and sold 13,651,189 shares to 16,841 investors, reaching a final valuation of approximately 200M Swiss Francs. This remarkable achievement underscores the potential of community-driven fundraising and the

Shiba Inu whale transferred 3.4 trillion SHIB tokens worth $40 million
1 year ago 1 min read

Shiba Inu (SHIB) Witnessed a Historic Transaction Worth $40 Million in the Crypto Market

The world of cryptocurrencies witnessed a historic transaction as a mysterious Shiba Inu whale transferred 3.4 trillion SHIB tokens worth $40 million. This transfer raised questions about the possible involvement of a crypto exchange among its internal addresses. The memecoin has been dominating the crypto market, with the change in the Twitter logo to DOGE by Elon Musk making memecoin the talk of the town. According to IntoTheBlock, the total transaction of SHIB for the past week has reached $175 M. The recent massive transaction has created an impact on the industry, leaving many wondering about its significance. Meanwhile, SHIB’s

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