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On-chain debt securities marketplace Obligate launches on Base Obligate is a Swiss-regulated on-chain bonds platform, while Base is an Ethereum layer-2 scaling platform launched by Coinbase. Deployment on Base will help with institutional adoption of on-chain debt securities, Obligate’s head of partnerships said in an announcement. Obligate, a Swiss-regulated blockchain marketplace for capital markets, has deployed on Base, the Ethereum layer-2 scaling solution launched by Coinbase. In an announcement published on Thursday, Obligate termed the development as a significant milestone in the quest to promote adoption of on-chain debt securities to more users.  Obligate is now live on Base! A monumental step for on-chain debt capital markets, powered by @BuildOnBase, @Coinbase's Ethereum Layer 2 incubation. https://t.co/8K3fa3aQfA — Obligate (@obligatecom) November 30, 2023 With demand for on -chain bonds on the rise across the DeFi market...

A bankruptcy court in a Delaware district permits FTX to sell its trust assets. The funds will be paid to the creditors of FTX, to whom they owe billions of dollars. The FTX estates include shares of Grayscale and Bitwise investment funds, now worth roughly $873 million. FTX Trading Ltd. and its affiliated debtors are granted permission to sell or transfer their stakes in trust assets managed by Grayscale Investments, according to a recent case filed in a Delaware bankruptcy court. The digital asset management company, which was valued at an estimated $744 million on October 25, has climbed up and is now roughly worth $873 million. The approval is necessary to “maximize and preserve the value of the estate for the benefit of creditors and interest holders,” to whom FTX owes billions of dollars. Moreover, the case order cites: The Debtors [FTX and its affiliated debtors] are authorized, but not directed, to execute sales of the Trust Assets, in their ...

Online banking firm SoFi Technologies is leaving the crypto market , urging customers to migrate asset s to Blockchain.com. SoFi Technologies Inc., an online banking platform, is set to leave the cryptocurrency market as the firm has notified its customers they need to liquidate their accounts in coming weeks or move asset to Blockchain.com, a crypto exchange and custodial service. According to a report from Reuters on Nov. 29, the San Francisco-based company told its customers it will shut down its crypto services on Dec. 19, 2023. Starting from Wednesday, Nov. 29, SoFi no longer opens crypto accounts. SoFi also said that only eligible customers can transfer their asset s to Blockchain.com. Starting from 2024, SoFi is also expected to start referring to other crypto partners, Bloomberg noted. You might also like: Crypto hub Blockchain.com raises $110m in Series E funding Founded in 2011, SoFi was initially made to provide more affordable options for those taking on...

Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions. Ivan Turogin and Sergei Potapenko, co-founders of Bitcoin cloud miner HashFlare, have successfully appealed their extradition from Estonia to the United States, where the two face 18 counts of fraud and money laundering. The Tallinn Circuit Court overturned a lower court ’s order on Nov. 29, according to a local press report. According to the United States Justice Department, HashFlare, which operated from 2015 to 2019, was a Ponzi scheme with hundreds of thousands of victims paying in a total of $575 million. The company claimed to lease hashing power for crypto mining. It also encouraged investment in a fake bank. If convicted in the United States, Turogin and Potapenko each face up to 20 years in prison. Related: Atomic Wallet asks to toss suit over $100M hack, saying it has ‘no US ties’ Turogin and Potapenko were arrested in Estonia, where they a...

Amid the ever-changing financial sector, the use of money order s has certainly been a declining reality. Indeed, the payment process is more secure than cash, without the negative potential of checks. Yet, with the payment method becoming increasingly scarce, we break down if Safeway does Money orders. Safeway is a chain of supermarkets in the United States that has been in existence since the year 1915. A rather modest chain in the modern retail sense, there are currently 724 locations in the United States as of this year. Alternatively, money orders have become a rather decliningly used form of payment in the modern financial world. These orders are certificates that are issued by various governments or entities. Moreover, they provide a more secure payment option over traditional cash and checks. So, let’s delve into the question, does Safeway do money orders? Safeway and Money Orders Source: Safeway Also Read: Does QuikTrip do Money Orders? Money orders are a lo...

Crypto exchange Binance has been operating in the Philippines without securing the necessary license or approval, as reported by the country’s securities regulator . On Nov. 28, The Philippines Securities and Exchange Commission (SEC) released a warning about Binance, notifying the public that the exchange lacks authorization to sell or offer securities within the country. The statement highlighted that a platform such as Binance is required to register and furnish comprehensive details about the securities it offers prior to making them available to the public. Such detailed information includes the issuance price, the nature of securities, and other data. You might also like: Cristiano Ronaldo faces lawsuit over Binance promotion and unregistered securities The SEC also accused Binance of illicitly promoting its services in the country. Entities involved in promoting or trading on Binance may face criminal liability under Section 28 of the SRC. This off...

THORChain is up 340% thus far in 2023 GALA is up 488% in 2023 Rebel Satoshi presale in progress The crypto market remains resilient and bouncing back. As such, investors have been turning to altcoins like THORChain (RUNE), Gala (GALA), and Rebel Satoshi (RBLZ).  THORChain jumps 340% in 2023 In 2023, THORChain has been firm.  At the beginning of the year, RUNE was trading at $1.27. After several months of trading sideways, RUNE rose in October on the back of increasing development activity.  You might also like: THORChain hits year-high, spikes more than 15% in last 24 hours As of November, RUNE was changing hands at $5.60, a 340.94% increase from January. Experts forecast the token to trade at $7.29 by the end of the year, rising to $16.01 by the end of 2025.  This outlook anchors on rising adoption and the platform’s unique ability to power multi-chain swapping.  Gala surges 488% in 2023 GALA traded at $0.01666 in January and surged after an...

Chainlink has announced its Staking v0.2 is live, with a pool size of 45 million LINK.  v0.1 stakers are eligible to migrate their staked LINK from November 28. Minimum stake for community is 1 LINK and for node operators 1,000 LINK. Chain Link has officially upgraded its staking mechanism, with the new Staking v0.2 going live on November 28. The v0.2 staking will feature a 45 million LINK pool, with this accounting for 8% of the blockchain project’s circulating supply. Announcing that v0.2 was now live on the Ethereum mainnet, the Chainlink team said that existing v0.1 stakers were eligible to migrate their staked LINK with effect from November 28. The group’s accrued v0.2 rewards will give them access during a 9-day Priority Migration phase. LINK holders will have access from December 7, with this subject to “predefined eligibility requirements”, while general access is scheduled to kick off from December 11. #Chainlink...

According to analyst Ali Martinez, Cardano (ADA) may likely break out as the coin retest its highest level in two years. Meanwhile, with the Bitcoin Minetrix (BTCMTX) presale ongoing, supporters are convinced that another altcoin rally could be in the making. Analyzing Cardano and market trends Analyst Ali Martinez’s recent insights on Cardano have stirred interest from investors. Analyzing IntoTheBlock data, Martinez suggests that ADA might be about to reach its highest price level in two years. #Cardano sits at a key demand zone between $0.37 and $0.38. Here, 166,470 wallets acquired 4.88 billion $ADA. With minimal resistance ahead and solid support below, remaining above this zone could pave the way for $ADA to climb to new yearly highs. Still, watch out, as losing… pic.twitter.com/GDjhspFSVr — Ali (@ali_charts) November 27, 2023 This projection contrasts with the current market consolidation and the recent price drop to $0.37. You might also like: Analyst belie...

A new working paper by Bitcoin advocates and the former head of the Electric Reliability Council of Texas (ERCOT) identifies Bitcoin mining as a key tool for clean energy and balancing the grid. In a new academic paper called “Leveraging Bitcoin Miners as Flexible Load Resources for Power System Stability and Efficiency” the authors suggest that cryptocurrency can aid in the integration of renewable energy . The authors provide a compelling case that demonstrates how Bitcoin miners have been instrumental in demanding response programs, offering unique capabilities as flexible and controllable loads. You might also like: Crypto analyst sees opportunities amid Bitcoin stability BREAKING: New working paper co-authored by former ERCOT & NYISO CEO, highlights #Bitcoin mining as a critical tool for clean energy and balancing the grid. pic.twitter.com/86pXuQ1XxL — Dennis Porter (@Dennis_Porter_) November 27, 2023 This research challenges the narrative often pres...

Gold price (XAU/USD) climbed above the $2,000 mark on Monday and are currently trading at $2,014 in the indices. The precious metal spiked nearly 18% in the last 30 days delivering decent returns to investors. The price of gold is reaching new highs as the US dollar is weakening due to the Fed’s hawkish stance. Institutional investors are exiting US treasuries and entering the commodities markets investing heavily in gold. Also Read: Gold To Become Expensive & Reach $3,000: Best Time To Invest? Source: Investing.com The development is making the precious metal’s price rise as it’s attracting heavy bullish sentiments worldwide. In this article, we will highlight a price prediction made by an AI for GOLD ( XAU/USD ) for December 2023. Also Read: Gold Prices To Rise $700 Per Ounce As U.S. Debt Spirals Gold Price Prediction (XAU/USD): December 2023 Made By AI CoinPriceForecast, a machine-learning AI algorithm has predicted gold prices (XAU/USD) for Decemb...

U.S. District Judge halts Binance CEO Changpeng Zhao’s return to UAE, citing risk of non-return before his February sentencing for financial violations. The federal court in Seattle has halted the former Binance CEO Changpeng Zhao’s application to return to the UAE. The decision, which temporarily bars Zhao from leaving the U.S. until his February sentencing , overturns an earlier ruling that would have allowed him to travel back to the UAE. When JPM got caught facilitating trafficking transactions did their CEO do jail time? I do not think so I'm not saying Binance or CZ is 100% innocent I just want to see equality https://t.co/PQPhSm3Efl — Wendy O (@CryptoWendyO) November 27, 2023 You might also like: Changpeng Zhao’s legal team suggests home detention, says he is not a flight risk The delay was ordered by U.S. District Judge Richard Jones following a request from U.S. prosecutors to reconsider the previous decision. This comes after Zhao admitted gu...

Nov 27, 2023 at 11:53 // Price Author Coin Idol All cryptocurrencies listed here have recovered from their previous decline and are now starting a new positive trend . Weekly Analysis by Coinidol.com. Blur, STEPN, Mina, Klaytn and ApeCoin have recovered as the bulls have broken through further resistance levels. Blur Blur (BLUR) has resumed its upward movement above the $0.16 support and is in an up trend . Currently, BLUR has reached a high of $0.59. The up trend continues and the altcoin could rise to a high of $0.80. Meanwhile, a candlestick body ...

DYdX, Optimism, 1inch and Aptos are expected to release over $750 million in locked tokens by December, according to data tracker Token Unlocks. Around $750 million of vested digital assets are scheduled to be unlocked and released into the markets this coming December.  Among the projects releasing locked tokens, decentralized exchange (DEX) dYdX will unlock the largest amount. The exchange is expected to unlock 150 million tokens vested for investors, founders and employees in December. The tokens are worth almost $500 million at current market prices. Initially, the tokens issued by dYdX were supposed to be released in February. However, the exchange announced in January that the lock-up would be extended. Instead of their original release date, the tokens are now set to be un locked on Dec. 1, 2023, at 12:00 (UTC). Following its initial unlock date in December, the company will unlock more tokens from January 2024 to June 2024. Token Unlock Update dYdX Trading Inc., dYdX Fo...

Optimism’s weekly trading activity surged by a substantial 1687%. The 7-day trading volume of Optimism surpassed that of Ethereum, which currently stands at $9.17 billion. The recent vulnerability on KyberSwap largely drives the surge in Optimism’s trading volume. According to the latest revelations, the decentralized exchange (DEX) trading activity on Optimism, the layer 2 scaling solution built on Ethereum, has surged to the $300 million range. Colin Wu, the Chinese crypto reporter of Wu Blockchain X page, shared a post highlighting the substantial increase in the trading activity of Optimism DEX. According to DeFiLlama, in the past week, Optimism DEX’s weekly trading volume increased by 1,800% MOM to more than $12 billion, significantly setting a record high, surpassing Ethereum. However, this increase was due to a vulnerability attack on KyberSwap, which was transaction… — Wu Blockchain (@WuBlockchain) November 26, 2023 Data from DefiLlama unfo...

BTC price action is giving various popular market participants cause to prepare for upside BTC price continuation. Bitcoin (BTC) held near $38,000 into the Nov. 26 weekly close as traders boosted their BTC price optimism. BTC/USD 1-hour chart. Source: TradingView Bitcoin buyers give bears no room for maneuver Data from Cointelegraph Markets Pro and TradingView showed a typically flat weekend for Bitcoin, with classic volatility yet to hit as the weekly close approached. #Bitcoin Straightforward and slow weekend. Usually volume/volatility picks up a bit later today. https://t.co/joyKaqG68f pic.twitter.com/T9sXbJ2c6d — Daan Crypto Trades (@DaanCrypto) November 26, 2023 After setting new 18-month highs in recent days, some argued that the largest cryptocurrency showed encouraging signs for upside continuation. Among them was popular trader and analyst Credible Crypto, who eyed buyers absorbing any sell volumes near the local highs. Along with open interest (OI) on derivatives ma...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A compliance employee of Binance—the world’s largest cryptocurrency exchange—allegedly wrote: “We need a banner ‘is washing drug money too hard these days—come to Binance we got cake for you.” You might also like: Zhao’s resignation and guilty plea: a new era for Binance and crypto? According to court documents, Binance launched in 2017, at the heels of  the shuttering of Bulgaria-based bitcoin exchange BTC-e. It emerged as the largest digital asset platform in the world replacing BTC-e by prioritizing growth and profits over compliance with US laws by not implementing the core components of an effective anti-money laundering (AML) program with comprehensive know-your-customer (KYC) protocols or systematically monitoring transactions or filing a suspicious activity report (SAR) with FinCEN, a US financial watch...

The El Salvadoran president has invested over $126 million in bitcoin since 2021. The current value of the president’s holdings is around $118 million, translating to a loss of over $8 million. The president’s most expensive batch purchase consisted of 420 BTC priced at $60,345 each, which has independently incurred a loss of $9,354,937. President Nayib Bukele of El Salvador, widely celebrated for his strong support of bitcoin (BTC) during the 2021 bull market, embarked on an extensive BTC buying spree. In November 2022, he declared that the country would add one bitcoin daily to its balance sheet. As per NayibTracker, a website tracking the amount of bitcoin owned by Bukele, the president of El Salvador is facing a substantial decline in his investment of 3,124 BTC, having committed over $126 million in bitcoin. It is worth noting that this tracker relies on the president’s posts on X to estimate his bitcoin acquisitions due to the challenge of obta...