Press Release
Crypto

For users outside of the US, Coinbase has received regulatory approval to list perpetual futures trading.

According to a business blog post on Thursday, Coinbase International Exchange has received regulatory authorisation from Bermuda’s financial regulator to allow qualified non-US retail customers to trade perpetual futures. In the upcoming weeks, the exchange intends to provide qualifying customers with access to perpetual futures contracts on Coinbase Advanced, in part because of Bermuda Monetary

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Defi

Central Banks Succeed in Testing DeFi for Cross-Border Trading of Wholesale CBDC.

According to a paper released on Thursday, the Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland successfully tried out cross-border trade of wholesale central bank digital currencies (wCBDC). A notional euro, Singapore dollar, and Swiss franc wCBDCs between fictitious financial institutions were utilised in Project Mariana’s proof of concept.

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Defi

Partnership between the Korean Web3 Company Hashed Ink and Thailand’s SCBX

One of Korea’s top Web3 investors and one of Thailand’s biggest financial institutions have joined forces. In a statement released on Wednesday, SCBX and Hashed said they had reached an agreement to collaborate on regional and international R&D projects and events to further the adoption of decentralised technology. According to a press release, Simon Seojoon

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Crypto

Legal Frameworks for CBDC Support Should Be Set Up by Nations: BIS Chief

Agustin Carstens, general manager of the Bank for International Settlements, a global bank, stated on Wednesday that nations should establish legal frameworks that allow the use of central bank digital currencies (CBDC). According to a 2020 study by the International Monetary Fund, almost 80% of central banks are either not permitted to issue a CBDC

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Crypto

Shiba Inu Ecosystem Token Bone Increases 10% as Developers Implement Critical Security Measures

The ecosystem token for the Shiba Inu (SHIB) network, bone (BONE), has increased by almost 10% over the last day, making it one of the better gains in the otherwise lackluster cryptocurrency markets.In the early morning hours on Wednesday, BONE was traded for 90 cents.A total of $233 million has been invested in the tokens. The fact that developers said the deployer contract for bone tokens was fully repudiated, increasing its security, is likely what helped traders’ sentiment.Over $3 million more worth of tokens were traded on Tuesday than on Monday. Renouncing a smart contract in the crypto community means that the creator will no longer have control over it. This gives investors peace of mind because the contract can no longer be modified or updated, protecting them from any exploitation by the contract inventor.TREAT, LEASH, and BONE are the other two currencies that may be used to pay fees and cast votes on governance issues on the Shibarium blockchain, which was made available by Shiba developers in August. Activist investors have taken an instant liking to calcium (CAL), a phony coin created to renounce bone.Prior to falling 50% since Monday’s price apex, CAL’s market capitalization peaked at $10 million.

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Crypto

Bitcoin miner Marathon creates an invalid BTC block.

According to a number of developers, miners, and researchers, the bitcoin mining business Marathon Digital (MARA) has produced an invalid bitcoin block at height 809478. An anonymous Bitcoin engineer named “0xB10C” claimed on X that MaraPool has a “transaction ordering issue,” and Jameson Lopp, a co-founder of CasaHODL, corroborated this claim. Other node operators rejected

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Crypto

Istanbul is praised as a crypto hub by the CMO of Binance.

In a recent interview Rachel Conlan, the newly appointed Chief Marketing Officer (CMO) of Binance, the largest cryptocurrency exchange in the world by trading volume, referred to Istanbul as a “crypto hub.” In an interview with Serdar Turan, prior to Binance Blockchain Week in early November, Conlan stated: “I think we have an incredible potential

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Crypto

Curve CEO Michael Egorov deposits $35 million in CRV to pay off debt on Aave

Blockchain analytics company Lookonchain has learned that Curve founder Michael Egorov has deposited 68 million CRV tokens ($35 million) to pay off his entire debt balance on the DeFi lending platform Aave. To pay off the entire debt on Aave, Egorov converted 10.77 million CRV after depositing them in USDT (USDT). CRV has increased by

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Article

How to safeguard your cryptocurrency investments

With the emergence of cryptocurrencies over the past ten years, the financial industry has experienced a paradigm change unlike any other. With the launch of Bitcoin in 2009, what was once a mysterious idea has evolved into a fully-fledged financial ecosystem with thousands of digital currencies and a market cap totaling billions of dollars. Millions

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Blockchain

With important regulatory steps, Kraken advances its expansion into Spain and Ireland.

Bitcoin exchangeAccording to Kraken, the central bank of Spain granted it authorization to operate as a virtual asset service provider there.The exchange will soon be able to provide Spanish citizens with exchange and custody wallet services.According to a press statement issued on Tuesday, Kraken’s Irish subsidiary also received an e-money institution (EMI) license from the central bank of Ireland, allowing it to expand its “EUR fiat services in partnership with banks” throughout the nation and throughout Europe. Since the European Union made its regulatory policy regarding cryptocurrencies more clear, exchanges have been eager to expand throughout the continent. Coinbase recently opened a Spanish account.The markets in crypto assets regulation (MiCa), which was developed by the EU, is scheduled to go into force in 2024. “We see a firm foundation for crypto in Europe, which has forward-looking regulation that enables us to grow with confidence,” said Curtis Ting, Kraken’s vice president of global operations. “We are grateful for the constructive approach to regulating industry growth set by the Central Bank of Ireland and the Bank of Spain.

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Ethereum

A US government-sanctioned Sinaloa cartel’s Ethereum wallet

An Ethereum wallet connected to Jimenez Castro, a Mexican man with connections to the Sinaloa cartel, has been sanctioned by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury.According to a list posted on OFAC’s website, Castro is one of 10 people named on its sanctions list as part of a counter-narcotics campaign. According to data from Arkham, the wallet in issue received almost $740,000 in deposits to Binance over a two-month period after becoming active for the first time in January of this year. A U.S. Treasury press release states that Jimenez Castro “operates money laundering organization that uses virtual currency and wire transfers, among other methods, to transfer proceeds from illicit fentanyl sales in the United States to Sinaloa Cartel leaders in Mexico.” Earlier this year, OFAC imposed sanctions on a collection of cryptocurrency wallets connected to the North Korean government.

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Nft's

2,000 Walmart Stores Will Carry the New NFT Brand Pudgy Penguins Toy Collection.

There is a chance that non-fungible tokens (NFTs) will survive.Some popular collections are just moving outside of digital markets in search of a new audience, despite the fact that some of them have rock-bottom prices.According to an email from a spokesman, Pudgy Penguins, one of the most well-known and valuable NFT collections, will launch its Pudgy Toys line today in 2,000 Walmart locations across the United States.Since May, you can purchase these toys online. Each toy would include a special birth certificate that, when scanned with a QR code in Pudgy environment, an online virtual environment built on the zkSync Era blockchain, would enable users to claim special abilities for their digital “Forever Pudgy” characters. “Pudgy Penguins is bridging the gap between our physical and digital worlds of play for kids in a really engaging way,” said Brittany Smith, vice president of merchandising – toys, Walmart U.S. The largest retailer in the United States, Walmart, was also the largest firm in the world in terms of sales in 2022.In order to increase the collection’s appeal outside of the cryptocurrency industry, the Pudgy Toys plush toys and collectibles will now be sold alongside traditional consumer brands.Users could roam Pudgy World’s rich multiplayer digital world, play games, and completely personalize their Forever Pudgy character.Since its 2021 debut, Pudgy Penguins has generated $400 million in sales.Contrary to most collections, the company has made considerable use of experiential marketing and social media to build a following where most NFT companies failed. Because of their poor price performance and little demand in a cutthroat retail sector, NFTs are being progressively dismissed by mainstream media.But one way that NFT collections can engage with real-world customers and, ideally, strengthen their brand is by selling physical goods on well-known platforms. “Walmart’s inclusion of Pudgy Toys in their stores is a testament to the evolution of how consumers engage with

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Crypto

Belgian Binance Relaunches Three months following the stop order

Three months after the Financial Services and Markets Authority (FSMA) ordered it to cease operations in Belgium, the cryptocurrency exchange Binance has resumed registrations and access to goods and services there. According to a recent tweet from the firm, Belgian users who have approved our updated Terms of Use can now use a number of

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Crypto

Taiwan issues cryptocurrency guidelines as it tightens regulation

In an effort to improve industry monitoring, Taiwan’s financial watchdog recently released a set of guiding principles for cryptocurrency issuers and businesses. The Financial Supervisory Commission (FSC), which was confirmed to be in charge of overseeing the industry in March, stated that its guiding principles aim to increase client safety by assuring transparency, solid asset

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Crypto

Swiss Anti-Money Laundering Clearance Awarded to Market Maker KeyRock

According to a statement released by the firm recently,KeyRock has obtained regulatory certification from a government-approved standards agency in Switzerland. The market maker, based in Belgium, has registered with VQF, a financial standards organisation authorised by Swiss regulators to verify compliance with anti-money laundering requirements. It joins organisations like cryptocurrency business Bitcoin Suisse and custodian

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Article

How the Burning Mechanism Increases the Value of Deflationary Cryptocoins

A deflationary cryptocurrency is a digital or virtual currency with a special economic structure intended to gradually lower its total supply. This contrasts with conventional fiat currencies, whose supply normally rises steadily and is typically inflationary. Multiple mechanisms combine to reduce the number of coins or tokens that are readily available in a deflationary cryptocurrency.

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Crypto

Crypto Exchange HTX Lost $8M of Ether as a result of a hack, according to Justin Sun

According to HTX adviser and Tron creator Justin Sun, HTX, formerly Huobi, was hacked with a total loss of 500 ether (ETH) valued at almost $8 million. On Sunday, the occurrence happened and was quickly recognised. On social media network X (formerly known as Twitter), Sun said that HTX has fully compensated the losses and

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Crypto

Mudrex, an Indian cryptocurrency investment platform, expands to Italy

According to co-founder and CEO Edul Patel, the Indian cryptocurrency investment platform Mudrex has been approved to operate in Italy. For Indian businesses, which have typically struggled as a result of high taxes and a global crypto winter, Mudrex’s worldwide expansion is unusual. Mudrex is situated in Bengaluru. Even more uncommon is its “bullish plan”

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Crypto

Since August, MicroStrategy has bought 5,445 bitcoin for $150 million.

According to a regulatory filing made on Monday, software company MicroStrategy (MSTR) spent close to $150 million buying bitcoin (BTC) between August 1 and September 24. “MicroStrategy, together with its subsidiaries, acquired approximately 5,445 bitcoins for approximately $147.3 million in cash, at an average price of approximately $27,053 per bitcoin, inclusive of fees and expenses,”

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Crypto

The previous external legal counsel for FTX contests accusations of involvement in fraud.

A class-action complaint alleging that a law company helped the now-defunct cryptocurrency exchange FTX commit fraud has been rejected by the firm, which previously supplied legal services to the exchange. The American law firm Fenwick & West has filed a court document on September 21 in which it disputes all allegations of wrongdoing regarding the

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Crypto

Coinbase obtains Bank of Spain AML registration.

As part of its continued expansion across Europe, cryptocurrency exchange Coinbase has obtained an Anti-Money Laundering (AML) compliance registration from Spain’s central bank. In accordance with a statement made on September 22, as a result of the registration with the Bank of Spain, Spanish users will now be allowed to keep custody of their cryptocurrency

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Blockchain

Miss Universe disputes any connection to the just-announced coin concept.

The Philippine Blockchain Week (PBW) event earlier this month featured the Miss Universe Coin initiative, which the Miss Universe Organisation has categorically denied any connection to. According to PBW, it is in touch with all parties concerned and will shortly give an update. A project named Miss Universe Coin was unveiled at PBW earlier this

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Tech Africa

Morocco is establishing a strong EV battery industry.

In the industry that produces batteries for electric vehicles (EVs), Morocco aspires to take the lead on a global scale. The nation’s most recent action is the result of a recently announced collaboration between the Chinese battery component maker CNGR Advanced Material Co. and the Moroccan investment firm Al Mada. For the purpose of establishing

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Crypto

The Terra Classic community decides to stop minting USTC

The community is in favour of putting a stop to TerraUSD Classic (USTC) coin production and reminting in favour of igniting tokens to reinstate its peg to the US dollar. To maintain a stable peg between USTC and the US dollar, the Terra Classic community has decided to stop all minting and reminting actions linked

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Crypto

Couple who received $10.5M by error from Crypto.com will have a plea hearing in October.

Thevamanogari Manivel was given a sentence of six months of unpaid community service and 18 months of community corrections, while her husband will go on trial for a plea in October. After spending the money they obtained by mistake in 2021, the Melbourne couple who unintentionally received 10.5 million Australian dollars ($6.7 million) will go

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Technology

Google Cloud Adds 11 Networks, Including Polygon, as It Digs Deeper Into Blockchain Data

With the addition of 11 new networks to its ‘BigQuery’ programme for public datasets, including Polygon, Optimism, and Polkadot, Google’s cloud computing division is increasing its push into the blockchain space. The organisation, Google Cloud, first announced that Bitcoin blockchain data was accessible for research through the programme in a post that was published in

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Crypto

Recently, Coinbase has discussed purchasing FTX Europe, according to Fortune

According to Fortune, the American cryptocurrency exchange Coinbase Inc. (COIN), which is looking to grow internationally in the face of regulatory pressure at home, has recently thought about purchasing FTX Europe.According to the article, this is a part of Coinbase’s ambition to grow its derivatives business. It also stated that takeover conversations were never in a “late stage.” Due to its “highly profitable” derivatives business and expanding customer base, the company took into consideration FTX Europe, which was put up for sale after its parent company filed for bankruptcy last October. Financial contracts known as derivatives, which draw their value from an underlying asset like bitcoin (BTC), can be profitable for both traders and the exchanges that support them.In addition to providing a variety of derivatives products, FTX Europe, like other European exchanges, was the only company authorized to provide perpetual futures, a very well-liked derivative.According to Fortune, it is those licenses that have drawn interest from a number of prospective owners.The magazine noted that Trek Labs and the cryptocurrency exchange Crypto.com had also showed interest in FTX Europe.

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Ethereum

Network revenue drops to a 9-month low, causing ether to become inflationary.

In the midst of declining Ethereum activity, Ether (ETH) has turned inflationary, analysts claim, which could have an impact on the token’s price.According to statistics from blockchain analytics company IntoTheBlock, network fees, a proxy for usage, fell more than 9% this week to $22.1 million, the lowest level in nine months. Data from Ultrasound.money indicates that as a result, the supply of ETH, Ethereum’s native token, has been growing since fewer tokens were burned to confirm transactions than were created. According to Lucas Outumuro, research head at IntoTheBlock, the adoption of layer 2 networks is one of the factors contributing to the drop in network fees, which is expected to continue in the near future. “[This trend] may be putting some pressure on the second largest crypto-asset, as its supply has been growing over the past month, reverting its deflationary trend,” IntoTheBlock wrote in a report. After last year’s Merge, a significant network update in which Ethereum switched from a proof-of-work to a proof-of-stake consensus mechanism, the deflationary narrative about Ether first surfaced. This change fundamentally altered the supply dynamics of the cryptocurrency. When the network is active, it creates fewer tokens than it burns, which reduces the supply and is generally positive for the price.The dynamic, however, changes when network demand is minimal.IntoTheBlock joined a long list of other cryptocurrency watchers in highlighting ETH bearish events.In a research released earlier this week, JPMorgan analysts claimed that Ethereum’s eagerly awaited Shanghai upgrade has failed to increase network activity because transaction counts, active addresses, and the total value of assets held on the blockchain have all decreased since April. In a market report on Friday, cryptocurrency services provider Matrixport repeated its unfavorable assessment of the cryptocurrency asset in comparison to BTC, noting “shockingly low revenues” and “lack of buzz” surrounding the upcoming protocol change.The company predicted earlier this month that if the trend persists, ETH may drop as low as $1,000.Recently, ETH was traded at $1,591 and has since fallen to a 14-month low against BTC.

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Crypto

Citadel Securities faces SEC charges for violating the short sale regulations.

Broker-dealer Citadel Securities LLC has been cleared of charges by the U.S. Securities and Exchange Commission (SEC) for violating Regulation SHO, a set of rules designed to prevent abusive short selling practises. Broker-dealers are required by the regulation to properly mark sale orders as long, short, or short exempt. Regulators rely heavily on such records

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Crypto

CEO of Coinbase cautions against regulating AI and advocates for decentralization

Brian Armstrong, CEO of Coinbase, asserted that decentralisation and open-sourcing AI are preferable to regulation of the industry. In a recent post on the social media site X (previously Twitter), Brian Armstrong, the CEO of the cryptocurrency exchange Coinbase, discussed his views on the regulation of artificial intelligence (AI). Armstrong clarified on September 23 that

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