Tl:dr: Coinbase Derivatives Exchange (formerly FairX) will launch its first listed crypto derivatives product on June 27, 2022: Nano Bitcoin futures contract (BIT), with each contract sized at 1/100th of a bitcoin. Upon the June 27th launch, BIT futures will be accessible for trading via several leading third-party retail brokers and clearing firms. Coinbase Financial...Read More
Global e-commerce giant eBay has acquired non-fungible token (NFT) marketplace KnownOrigin, as part of efforts to become a leader in digital collectibles. The news of the acquisition was announced in a press release on Wednesday (June 22, 2022). While details of the purchase remain scarce, the statement noted that both parties have signed and closed...Read More
The extreme pullback in the cryptocurrency market in the past few months has forced Coinbase, Bybit, and CryptoCom to reduce headcount. Now Indian trading platform Vauld has joined the league and announced a hefty 30% lay-off, which counts Pantera and Coinbase, among others, as investors. Vauld Lay-off According to a corporate communication available on its website,...Read More
Singapore is often considered one of the world’s most open economies, but its relationship with the crypto industry in recent times has been inconsistent. The fintech policy chief believes the city-state will be “brutal and unrelentingly hard” on any bad behavior. Crackdown on Bad Behavior in Crypto While speaking to Financial Times, Sopnendu Mohanty, Monetary...Read More
TL;DR: Over the next month, eligible Coinbase customers will be able to send and receive ETH, MATIC, and USDC on Polygon, and USDC on Solana. The Polygon integration marks the first time Coinbase has enabled the ability to send and receive these assets on an L2 or sidechain. By Nemil Dalal, Director, Product Management and...Read More
Philip Hammond – a British politician who served as Chancellor of the Exchequer from 2016 to 2019 – urged the United Kingdom’s authorities to open their arms to the digital asset industry. Otherwise, other countries that have already hopped on the bandwagon will turn into global crypto leaders, while the UK will miss this opportunity....Read More
Following FTX’s assistance to insolvent crypto lenders BlockFi and Voyager, there have been suggestions that Binance may also declare some bailouts. Binance has finally broken the silence and addressed the situation. The firm stated that it is not in the mindset to assist “poor” or failing cryptocurrency initiatives, which also include ‘ill-considered,’ ‘badly handled,’ or...Read More
Russian President Vladimir Putin recently blamed the United States and other G7 countries for causing rampant inflation in global commodities markets. Under these circumstances, he predicts the world will start to transition its reserves away from sovereign debt into “real resources,” deepening the commodity inflation spiral. End of a Unipolar World The President aired his...Read More
Ethereum competitor Avalanche announced new support for native Bitcoin (BTC) through its bridge solution built on its crypto wallet Core. Following the news, its native token AVX spiked higher, outperforming major digital assets like Bitcoin and Ethereum in the past 24 hours. Wrapped BTC on Avalanche Ava Lab – the foundation behind the smart contracts...Read More
The world’s largest cryptocurrency exchange, Binance, has signed an exclusive multi-year NFT partnership with soccer legend Cristiano Ronaldo, according to an official announcement from the company. Cristiano Ronaldo is one of the greatest players in soccer history, with five Ballon d’Ors and more than 800 career goals under his belt. The Portuguese forward is loved...Read More
Binance CEO Changepeng Zhao (CZ) has stated that his exchange was not the primary trading venue for the faltering hedge fund Three Arrows Capital (3AC). It also did not extend any lines of credit to the fund for a bailout. The Types of Bailouts As tweeted by Wu Blockchain on Wednesday, the South China Morning...Read More
Last year, 2021 brought a lot of meme coins into the limelight, with Dogecoin leading the way with a dramatic bullish run with its price up over 12,000 percent last year. Shiba Inu followed suit with a 2,405 percent price increase in three days to $0.000039 on May 10th and later went to $0.00008845 in...Read More
Do Kwon has come up with a new coin. But the new LUNA appears to be following the old story. Amidst the broader wobbling market, LUNA has been trading near its all-time lows. While Kwon is in the middle of multiple active lawsuits and investigations from the US and South Korea, some still believe that...Read More
Despite the recent volatility, according to Binance CEO Changpeng Zhao, the cryptocurrency market is still growing. He added that the Bitcoin record high might occur in the future. He did warn that some businesses established at the height of the market would have challenges in the future. In an interview with The Guardian, Zhao made...Read More
The current bear market has left many crypto-related businesses reeling. Between the Luna fiasco and assets dropping close to levels not seen in 2 years, crypto mainstays are struggling to stay afloat – either by freezing hiring, cutting staff loose altogether, or freezing exchanges and withdrawals “to protect consumers.” However, not all companies are feeling...Read More
Binance US – the US-based division of the world’s largest crypto exchange – announced a new pricing model that offers zero fees for four bitcoin trading pairs, including BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD. The crypto giant becomes the first American exchange that makes such a service available to its users. The elimination of such trading...Read More
Major cryptocurrency exchange Coinbase will transform the user experience on its platforms and will gradually halt the Coinbase Pro service. Separately, the company launched its redesigned Wallet mobile application which makes it easier for users to access and navigate top decentralized apps (dapps) and also enables support for Solana. No More Coinbase Pro The company...Read More
When traders and investors exit their crypto asset positions, they usually convert them into stablecoins before taking them off exchanges as fiat. That exodus has been going on for the past six weeks, causing the stablecoin market share to grow. Furthermore, this is despite the reduction in the supply of the world’s largest one, Tether....Read More
Abstract: In this piece we take a second look at Taproot. We explain the mechanics of Taproot by walking through two example Taproot transactions on the Bitcoin mainnet, including spending Bitcoin sent to the same address in two different ways: i. Using the Schnorr signature and ii. Using the Tapleaf and the so-called un-tweaked public...Read More
On June 22, Elliptic Connect, a blockchain analytics provider specializing in cryptocurrency-based financial crime prevention, published an investigation showing that Dogecoin (DOGE), Elon Musk’s favourite cryptocurrency, is being used by criminals to commit illicit acts. According to Elliptic, Dogecoinis being used to finance frauds, scams, Ponzi schemes, and other more serious crimes like terrorism and...Read More
The leading digital asset exchange – CryptoCom – received in-principle approval from the Monetary Authority of Singapore to provide a variety of payment services within the Asian city-state. The regulator has also given the green light to two additional firms part of the crypto industry – Genesis and Sparrow – to offer similar services. The...Read More
