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Showing posts from September, 2023

Crypto.com updates Euro wallet, expands payment offerings

Crypto.com has updated its Euro Wallet to serve users in the Euro payment area better. Crypto.com Updates EUR wallet Crypto.com is committed to providing its users with a seamless trading experience.  It recently expanded its offerings by integrating a Euro wallet and allowing for secure Single Euro Payments Area (SEPA) transfers with no transaction fees.  You might also like: Crypto.com gets registration approval in the Netherlands With these updates , users now have more options for providers when depositing and withdrawing EUR from the fiat wallet on the platform.  The deposit and withdrawal process has also been simplified, enabling access to over 250 cryptocurrencies.  Crypto.com aims to offer customers an affordable and easy-to-use platform to take advantage of market opportunities as soon as they sign up. SEPA transfers enabled SEPA transfers are a great option for users on Crypto.com.  They offer lower or no fees for sending and receiving money within the

FTX hacker's wallet stirs as Ethereum ETFs prepare for U.S. debut

The data reveals two separate transactions in which the exploiter moved 2,500 ETH, each valued at $4 million. Almost a year following the FTX hack that resulted in the loss of $600 million in tokens, on-chain data indicated recent activity in the wallet of the perpetrator, identified as 0x3e957, on Saturday, Sept. 30, 2023. This is occurring closely to the launch of Ethereum-based ETF in the United States. Based on on-chain data sourced from Spotonchain, the individual responsible for the FTX incident recently activated their address after a prolonged period. Presently, the wallet contains a substantial sum of $16.75 million in ETH tokens. FTX Exploiter 0x3e957 just moved 2500 $ETH ($4.2M) to new addresses This is the first time the address has been active since the hack 10 months ago. The address still holds 12.5K $ETH Follow the next actions via our platform at https://t.co/7LnmryLvhL pic.twitter.com/yl2NnMwaqW — Spot On Chain (@spotonchain) September 30, 2023 The data reveals

Quantum Computing Looms: Implications for Cryptocurrencies and Web3

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The digital landscape has witnessed remarkable innovations in recent years, with cryptocurrencies and Web3 leading in this technological evolution. However, on the horizon, an emerging player, quantum computing, possesses the potential to disrupt the very foundations of these digital realms. Quantum computing’s immense processing power is key to revolutionary advancements and alarming risks in the digital world. As quantum computers draw closer to becoming a reality, their impact on cryptocurrencies and Web3 is a topic that demands careful consideration. At the core of this issue lies the current foundation of digital security. The digital world’s security, from Web3 to online banking and cloud infrastructure, relies on complex encryption protocols and cryptographic algorithms that establish digital trust. However, once quantum computers become available, they can easily break these protocols and algorithms. The risk this poses to digital security cannot be underestimated, as it threa

Gemini to halt services in the Netherlands due to regulatory challenges

Regulatory compliance issues have forced Gemini to suspend Dutch operations. Gemini is a New York-based cryptocurrency exchange. Gemini’s decision follows a similar move by Binance, which also ceased its activities in the Netherlands. Gemini, one of the leading cryptocurrency exchanges based in New York, has revealed plans to temporarily suspend its cryptocurrency services in the Netherlands. The exchange has attributed this decision to its inability to meet the stringent regulatory requirements set by the Dutch financial authority, De Nederlandsche Bank (DNB). In a letter addressed to its Dutch user base, Gemini urged customers to withdraw their assets or transfer them to alternative wallet addresses. The suspension of services is scheduled to take effect on November 17, 2023, in compliance with regulatory obligations imposed by the DNB. Gemini to re-enter the Dutch market after compliance Despite the suspension of its operations in the Netherlands,

3 ways to leverage new ChatGPT features for crypto

After OpenAI released the voice, image, and browsing capabilities for its artificial intelligence (AI) platform ChatGPT, the new additions have opened a world of possibilities for investors, traders, and anyone else involved or interested in the cryptocurrency sector. Specifically, OpenAI rolled out the voice and image capabilities on September 25, followed by the ability of its chatbot to browse the internet on September 27. Although these are currently only available to Plus users, the company announced real-time browsing for other users “soon.” ChatGPT can now browse the internet to provide you with current and authoritative information, complete with direct links to sources. It is no longer limited to data before September 2021. pic.twitter.com/pyj8a9HWkB — OpenAI (@OpenAI) September 27, 2023 In terms of the crypto currency market, the new ChatGPT options bring multiple advantages, with the most important three being better access to information, voice-activated retrieval, an

PancakeSwap v3 goes live on opBNB, a BNB Chain layer-2

PancakeSwap v3, a decentralized exchange, has deployed on opBNB, a layer-2 scaling solution for the BNB Chain. The launch aims to reduce gas fees and enhance capital efficiency. By launching on opBNB, PancakeSwap is now available in six layer-2 solutions distributed across various mainnets, including off-chain scaling solutions for Ethereum. You might also like: Chainlink CCIP deploys on Base, an Ethereum layer-2 OpBNB has a 4,000 transactions per second (TPS), a throughput that can support various activities from gaming, decentralized exchanges (DEXes), ordinary transfers, and even non-fungible tokens (NFTs). You might also like: “BNB Chain is delighted to welcome PancakeSwap v3 to its layer-2 scaling solution, opBNB. Combining the power of PancakeSwap with opBNB’s low fees, high throughput, and scalable infrastructure, this integration paves the way for a new era of DeFi accessibility and functionality.” Arno Bauer, Senior Solution Architect at BNB Chain

Record: 3 out of 4 Bitcoins are held by long-term investors

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Bitcoin (BTC) has been trading in what is usually called an “accumulation zone”, ranging from $24,756 to $31,818 since mid-March 2023. During these last six months of low-price activity, short-term holders liquidated their positions, while high-conviction long-term holders increased their share of Bitcoin’s limited supply. Co-founder of Reflexivity Research , Will Clemente, shared a Glassnode chart on September 28 on X (formerly Twitter) showing that three out of every four Bit coins in circulation are now in the hands of what Glassnode calls ‘Long Term Holders’. “There it is – The percentage of Bitcoin supply held by long-term holders just officially reached its highest level ever at 76.09%.” — Will Clemente (@WClementeIII) Bitcoin – Long-term holders since 2011. Source: Glassnode According to the Glassnode metric’s description, long-term holders are crypto wallet addresses that received and are holding Bitcoin UTXOs for longer than 155 days. Interestingly, Glassnode Acad

BONE Token Surges as Developments in the Shiba Inu Ecosystem Progress

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The BONE token, part of the Shiba Inu CRYPTOCURRENCY ecosystem, has witnessed a remarkable 10% gain in just 24 hours. This rise sets it apart from other notable cryptocurrencies, including Dogecoin and Pepe Coin, which have been experiencing declines. Key Points: BONE Outperforms: Currently trading at $0.90, BONE’s performance outstripped Dogecoin (down 0.97%) and SHIB and PEPE, which have declined 1.23%.   BONE Contract Renouncement: A significant advancement has been made towards renouncing Bone ShibaSwap’s gas token, BONE. BONE is the official token of Shibarium. The Shiba Inu development team announced that minting the remaining BONE supply is almost complete.   Introduction of Calcium Token: Shiba Inu introduced a temporary token named Calcium to aid in the renouncement of BONE. It’s worth noting that Calcium is not meant for trading due to its inherent lack of liquidity.   Developer Insights: Shiba Inu developer Kaal Dhariya confirmed that BONE has been renounced

11 Key Executives Leave Binance in 9 Months, What’s Truly Happening?

Over ten key executives left Binance amidst growing regulatory hurdles in 2023. Notable departures include Binance.US CEO Brian Shroder and three VPs in a single day. Executives claim the departures are routine, while Binance’s CEO dismisses concerns. Binance, the largest crypto exchange, has witnessed a noteworthy exodus of at least ten critical executives from various departments over the nine months of 2023. These departures have not gone unnoticed in the crypto community, particularly against the backdrop of mounting regulatory challenges the exchange faces. The most recent departures include Brian Shroder, who was the chief executive officer of Binance’s United States subsidiary, Binance.US. Specifically, Shroder left the exchange on September 13, 2023. Meanwhile, Binance witnessed the departure of three executives in one day. In particular, former Vice Presidents Helen Hai and Gleb Kostarev departed Binance on September 6. On the same day, Vladimir

ICC taps Near Foundation for a Web3 fan app for 2023 Cricket World Cup

The new Cricket World Cup Web3 fan app aims at boosting Web3 adoption in sports. The app introduces prediction games, allowing fans to earn points for accurate match predictions. This partnership highlights ICC’s commitment to blockchain-based applications. The International Cricket Council (ICC) is set to embrace the world of Web3 technology by teaming up with the Near Foundation to introduce a blockchain-powered fan engagement app for the highly anticipated 2023 Cricket World Cup in India. The ICC’s foray into the Web3 realm began with the creation of FanCraze, a non-fungible token (NFT) platform in 2022. FanCraze allowed cricket enthusiasts to own NFTs that represented iconic moments from past ICC tournaments. This platform laid the foundation for the upcoming Web3 fan engagement app. Innovative features for Cricket Aficionados The new Web3 fan app promises an array of exciting Features to enhance fan engagement. Fans will be able to participate in pre

Bitcoin Ordinals haven’t wrestled blockspace from money TXs: Glassnode

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Inscriptions have been acting more as a "packing filler," stuffed into any remaining space once higher-value monetary transfers are packed into blocks, said the firm. Despite concerns that Bitcoin Ordinals are clogging the network, there is little evidence to suggest inscriptions are taking block space away from higher-value Bitcoin (BTC) monetary transfers. “There is minimal evidence that inscriptions are displacing monetary transfers,” on-chain analytics firm Glassnode explained in a Sept. 25 report. The firm explained that this is likely because inscription users tend to set low fee rates, expressing willingness to wait longer periods of time for confirmation. “Inscriptions appear to be buying and consuming the cheapest available blockspace, and are readily displaced by more urgent monetary transfers.” Bitcoin Ordinals were introduced in Feburary 2023, and have since accounted for the lion’s share of network activity when it comes to daily transaction count. However, thi

Take Profits or the Market Will Take Them for You: Crypto Analyst

A crypto analyst advised investors to exit the market when they make their profit. Davis referred to a report detailing the rise and fall of Glauber Contessoto’s DOGE holdings. Contessoto’s DOGE assets, now worth $50K, were once valued at $3M from an initial investment of $250K. Renowned crypto analyst and investor Lark Davis, in a recent post, reiterated the ever-evolving volatile nature of the crypto ecosystem, which may be profitable in one instance and loss in the next. The crypto analyst advised crypto investors to exit with their gains while the market conditions were still favorable. According to the post on X (formerly Twitter), the crypto analyst shared a screenshot of a report detailing the sporadic rise and fall in value of Dogecoin assets held by self-dubbed DOGE millionaire Glauber Contessoto. Contessoto entered public attention following revelations that his DOGE holdings, once worth $3 million, are now valued at around $50,000. Like most ot

Gemini to invest $24m in India despite current tax regulation

The U.S.-based cryptocurrency exchange also plans to double its headcount in India from 70 to 150 employees. Gemini, a cryptocurrency exchange co-founded by the Winklevoss twins, is planning to expand its presence in India despite the challenging regulatory landscape. In a blog post on Tuesday, Sept. 26, the New York-based crypto exchange said it plans to invest INR 200 crore ($24 million) over the next two years to “grow our development center in Gurgaon.” The exchange also added in a post on X that with the invest ment, it plans to double its staff in the Cyber Hub at Campus Cyber Greens (located in Gurgaon) from 70 to more than 150 employees. India is a leading global hub for entrepreneurship and technological development Over the next two years we plan to double our headcount in our Gurgaon office from 70 to 150+ pic.twitter.com/20eWcC7b2K — Gemini (@Gemini) September 26, 2023 Although no details on the invest ment were provided, Gemini said it plans to hire more profession

BBC highlights Sam Bankman-Fried with ‘Downfall of the Crypto King’ show

BBC looks at “Sam Bankman-Fried, the mop-haired, nerdy maths genius who set out to transform the world of crypto but ended up being its biggest loser.” Panorama will air on BBC One on September 25 at 20:00 and run for 11 months. Sam Bankman-Fried is the former CEO of FTX, the crypto exchange that collapsed in 2022. Just days to Sam Bankman-Fried’s trial in the US, British broadcaster BBC has lined up an investigative piece on the disgraced “crypto king” who once had been the darling of Wall Street and Capitol Hill. Now under arrest and facing trial, the man who wanted to change crypto is arguably already its biggest villain so far. BBC’s investigative programme Panorama will air a documentary dubbed “Downfall of the Crypto King”. BBC looks at the rise and fall of Bankman-Fried Sam Bankman-Fried, fondly known as SBF in his heyday as the crypto king given his crypto empire spanning the exchange FTX , Alameda Research and numerous subsidiaries, is the subject

Bitcoin: MicroStrategy Buys $147 Million BTC Amid Outflows

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Business intelligence and software company, MicroStrategy has made another massive Bitcoin (BTC) purchase. The firm’s CEO, Michael Saylor, announced on X that his company has bought another 5,445 BTC for about $147.3 million. This brings the average cost of each BTC to around $27,053. As of Sept. 24, the company holds 158,245 BTC, worth a whopping $4.68 billion, with an average price for each BTC around $29,582. MicroStrategy has acquired an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per # bitcoin . As of 9/24/23 @MicroStrategy hodls 158,245 $BTC acquired for ~$4.68 billion at an average price of $29,582 per bitcoin . $MSTR https://t.co/GbJtUoQfXv — Michael Saylor⚡️ (@saylor) September 25, 2023 Also Read: Bitcoin Market to See Capital Influx of $300 Billion: Morgan Creek CEO MicroStrategy’s latest purchase comes amid another week of out flows from the crypto markets. According to the latest weekly fund flows report by CoinShares, crypto inves

North Korean Lazarus Group amasses over $40M in Bitcoin, data reveals

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The North Korean hacking collective has at least $47 million in cryptocurrency, including Bitcoin, Ether, Binance Coin and various stablecoins, including Binance USD. North Korean hacking collective Lazarus Group holds a whopping $47 million in cryptocurrency, most of which is in Bitcoin (BTC), new data shows.  According to data collated on Dune Analytics from 21.co — the parent company of 21Shares — wallets associated with the Lazarus Group currently hold around $47 million worth of digital assets, including $42.5 million in Bitcoin, $1.9 million in Ether (ETH), $1.1 million in Binance Coin (BNB) and an additional $640,000 in stablecoins, primarily BUSD. However, the amount of crypto held appears to have dropped from the $86 million the group held on Sept. 6, a few days after the Stake.com hack in which Lazarus was implicated. The Dune dashboard tracks 295 wallets identified by the U.S. Federal Bureau of Investigation (FBI) and Office of Foreign Assets Control (OFAC) as being owned b

Coinbase expands in Europe with new Bank of Spain license

Coinbase secured authorization from the Bank of Spain as an official Bitcoin (BTC) and digital assets exchange and custodial wallet service provider. This milestone empowers Coinbase to extend its complete range of offerings to both retail and institutional users in Spain and Europe. Coinbase secures Bank of Spain approval  In a Sept. 22 blog post, Nana Murugesan, the Vice President of International and Business Development at Coinbase, described the Bank of Spain’s approval as a significant achievement. Coinbase can now expand its services for retail consumers, institutional clients, and developer partners in the region, she explained. Murugesan further stated that It’s noteworthy that many countries are providing much-needed clarity and guidance for the crypto industry. Over the past year, Coinbase has successfully obtained Virtual Asset Service Provider (VASP) registrations in Italy, Ireland, and the Netherlands, received in-principle approval for launching in Singapore, init

Top US Crypto Exchange Coinbase Adds Trading Support for New Under-the-Radar Layer-1 Project

Customers at Coinbase can now trade the native token of a nascent layer-1 project called Vara Network (VARA). The top US crypto exchange rolled out support this week for VARA, the native asset of Vara Network, which just celebrated its mainnet launch on Wednesday. The project is an independent decentralized layer-1 network that aims to enable “the best playground” for next-gen gaming and financial-based applications. It’s built on the Gear Protocol, a Substrate-based smart-contract platform. Says the Vara website, “Building on Vara Network is ideal for both developers already in Web3 as well as those migrating from Web2 seeking the most secure, efficient, scalable environment for deploying their decentralized applications. Many next-generation apps, like gaming and payments, require low-latency execution. The Vara standalone network will provide the fastest on-ramp for these applications and will unlock new potential applications.” Coinbase reports the asset i

3 cryptocurrencies under $0.10 to consider buying next week

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In the ever-evolving world of crypto currencies, Bitcoin (BTC) finds itself locked in a battle for a major breakthrough, trading well below its historic highs of 2021. While this might seem like a subdued phase for crypto enthusiasts, astute investors recognize it as a unique window of opportunity to acquire promising coins at discounted rates. Having said that, on September 22, Finbold carefully chose 3 crypto currencies that are trading below $0.1 that could be worth considering in the next week as they could garner the attention of investors if and when the next bull cycle commences. Dogecoin (DOGE) After achieving fame during the 2021 crypto market rally, Dogecoin (DOGE) remains the favorite and biggest meme coin in the world to this day. More importantly, the crypto currency continues to trade at a favorable entry point significantly below the $0.1 mark even after the market rebounded from its 2022 lows.  Cryptocurrency Terra Classic price forecast as LUNC lea

What is Shiba Inu's Newly Released Calcium Token? Explained

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Shiba Inu (SHIB) has released a new token called “Calcium.” The new token plays a vital role in the minting of the remaining ShibaSwap Bone (BONE) tokens, which is the governance token for Shibarium, SHIB’s layer-2 network. Calcium, as per a recent blog post, is a dummy token with no real liquidity. The token was created to renounce BONE so that the ecosystem could become more decentralized. Shiba Inu (SHIB) developer Kaal Dhairya has asked users not to trade this token. Moreover, if anybody is participating in the sale of Calcium, it should be considered a scam. Also Read: Shiba Inu: If You Invested $100 Upon Launch, Here’s Your Profit Lead developer Shytoshi Kusama has highlighted that Calcium is not meant for trading. The token merely exists to assist in the renouncing of BONE. Despite the warnings, many investors have fallen prey to illicit players selling Calcium tokens. As previously mentioned in the screenshot below, we are in the process of renouncing BONE. Please

Ripple CEO Blows Hot, Says “Everything the SEC cares about, they lost”

Ripple CEO has, in several statements, reiterated his belief in a victory against the SEC. Garlinghouse said the chances of SEC’s appeal getting green-light are very slim. He said the July decision was based on core principles of the Howey test, which the SEC contradicted. Ripple Labs CEO Brad Garlinghouse has, in several recent statements, reiterated his firm belief in the company’s victory against the U.S. Securities and Exchange Commission (SEC) on the securities status of XRP. “Everything the SEC cares about, they lost… A freight train was driven through Gensler’s arguments,” the CEO said at Messari’s Mainnet conference. The statements echo the confidence of Ripple, which had been embroiled in a legal tussle with the regulator for close to three years now. While speaking on the X (formerly Twiter) forum organized by Linqto, which also had prominent XRP advocate John Deaton in attendance, Garlinghouse expressed the chances of SEC’s victory at appeal a