Category : Cryptocoins News

Cryptocoins News

Florida Governor Ron DeSantis seeks to ban CBDCs

Key takeaways Florida’s governor has proposed a legislature that would prohibit the use of CBDCs. The governor claims that the use of CBDCs would stifle innovations in Florida.& President Biden’s administration is currently stu...

Coinbase CTO bets Bitcoin to $1M in 90 days, but I’m not sure even he believes it

Key Takeaways Former Coinbase CTO Balaji Srinivasan bet an anonymous Twitter account $1 million that Bitcoin would trade at $1 million or greater in 90 days Srinivasan is predicting imminent hyperinflation and a collapse of the US dollar Bet is on w...

Celsius lawyer and adviser fees on track to reach $144M, community responds

Software developer Cam Crews compiled data showing almost $102 million filed with the courts, with $42 million estimated in additional fees yet to be filed. Crypto len...

Immutable X partners with Polygon Labs: IMX is down by 12%

Key takeaways Polygon Labs has partnered with Immutable X to launch the Immutable zkEVM. IMX is down by 12% today despite the strategic partnership announced between Polygon Labs and Immutable X. The broader crypto market is underperforming aft...

Solana price forms a rising wedge amid weak on-chain metrics

Solana crypto price has been in a recovery mode recently. Its DeFi total value locked (TVL) has dropped sharply. Solana NFT transactions have been in a downward trend. Solana price has been in a strong upward trend in line with the strong cry...

MetaMask partners MoonPay to enable direct crypto purchases in Nigeria

MetaMask and MoonPay have partnered to enable more Nigerians to buy crypto directly via instant bank transfers. About 12.4 million Nigerians own crypto, with the country the third largest MetaMask market in the world. ConsenSys said in a press relea...

SVB contagion: Australia purportedly asks banks to report on crypto

Australia’s prudential regulator has purportedly told banks to improve reporting on crypto assets and provide daily updates. Australia’s prudential regulator has purpo...

SVB contagion: Australia reportedly asks banks to report on crypto

Australia’s prudential regulator has reportedly told banks to improve reporting on crypto assets and provide daily updates. Australia’s prudential regulator has report...

Coinbase Wants to Convince SEC Staked Tokens Are Not Securities

<p>The publicly traded and one of the biggest crypto exchanges in the ecosystem, Coinbase (<a href="https://www.financemagnates.com/tag/coinbase/" target="_blank" rel="follow">NASDAQ:COIN</a>), has prep...

Australian Bankers Association cost of living probe shows bank pressure

The Australian Bankers Association (ABA) has launched a cost of living review to determine how the COVID-19 epidemic, global supply chain restrictions, geopolitical tensions, and other factors have raised Australia's already high cost of living. The...

OKX latest proof of reserves reveals $8.9B in assets

Lennix Lai, managing director of Global Institutional at OKX, spoke with Cointelegraph about what it means to be transparent in a post-FTX and SVB crypto industry. The...

Taiwan FSC to regulate crypto

Taiwan's top administrative authority, the Legislative Yuan, will regulate cryptocurrencies via the Financial Supervisory Commission (FSC). Chairman Huang Tien-mu declared that the FSC would supervise Taiwan's crypto business, but not NFTs. The FSC s...

AI-powered project steals $1M from consumers.

Users have reported that the AI-based decentralized application project Harvest Keeper has stolen approximately one million dollars from their accounts in what is likely to be a fraud. (Read More)

Dubai regulator grants Crypto.com MVP preliminary license

Crypto.com has obtained a minimal viable product (MVP) preparatory license from Dubai's Virtual Asset Regulatory Authority (VARA) to offer spot and derivatives instruments of virtual assets. (Read More)

Synthetix Secures $20M Investment from DWF Labs

Synthetix has secured a $20 million investment from Web3 investment and quantitative trading firm DWF Labs. The partnership will see DWF Labs tasked with increasing SNX token liquidity and market making across centralized and decentralized exchanges,...

DSF Launches to Promote DLT Adoption and Provide Grant Support

The DLT Science Foundation (DSF) has been launched with the aim of promoting the adoption of distributed ledger technology (DLT) and providing grant support to its university network. The network includes prestigious institutions such as the London S...

Arbitrum Airdrop Boosts zkSync Growth

Arbitrum's recent airdrop of its governance token has generated significant hype, which has helped another layer-2 scaling solution, zkSync, see significant growth in the last week. Despite not having a native token or announcing any airdrop, zkSync...

NFT Wash Trading Volume Surges to $580M Across Top Six Marketplaces

NFT wash trading has surged for the fourth consecutive month, with a total volume of $580 million across the top six marketplaces, according to a report from CoinGecko. The report attributed the rise in volume to the overall recovery of NFT marketpla...

OKX to Halt Services in Canada Due to New Regulations

Cryptocurrency exchange OKX has notified its Canadian users that it will no longer provide services or allow new account openings in Canada, starting on March 24, 2023, due to new regulations. Existing Canadian customers must close open positions in...

FTX US and Alameda Research File Complaint Against FTX Digital Markets

FTX US and Alameda Research have filed a complaint against FTX Digital Markets, alleging that the Bahamas-based company was a "fraudulent enterprise" used to conceal the issue of the firm's ownership. The complaint claims that the claims made by FTX...

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