June 30, 2023

Coinbase’s Base Applies Security First Mindset Ahead of Mainnet Launch

Coinbase’s developed Layer 2 network – Base – is gearing up for a mainnet launch. Since its deployment on testnet earlier this year, Base has already met 4 out of 5 of the criteria for the upcoming event while giving security the top-most priority in its goal to attract the next million developers and a...
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Citigroup Reviews Partnership With Ripple-Owned Metaco: Report

American multinational investment giant – Citigroup Inc. – is reportedly reviewing its partnership with Metaco. The Swiss firm, which specializes in crypto custody for institutional investors, had partnered with Citi a year back to develop and pilot the latter’s digital asset custody capabilities. The latest development comes amidst tumultuous market conditions that have significantly strained...
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Celsius Will Begin Selling Altcoin Portfolio Into BTC and ETH

Bankrupt crypto lender Celsius has been granted permission to begin liquidating its altcoins into Bitcoin (BTC) and Ether (ETH). This will occur before distributions to creditors take place, who expect to receive their assets denominated only in the top two cryptocurrencies by market cap.  According to Bankruptcy judge Martin Glenn, Celsius “may sell or convert...
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Golteum (GLTM) Is Taking The World By Storm With Chainlink BUILD

Golteum, a precious metal-backed NFT marketplace, has announced that it joined the Chainlink BUILD program, an initiative by Chainlink Labs. Golteum will be able to leverage Chainlink’s knowledge and resources to accelerate the growth of its NFTs backed by physical gold, silver, and other precious metals as a result of this agreement. Golteum’s Joining Chainlink’s...
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OKX Named Official Sleeve Partner of Manchester City in Expansion of Partnership

[PRESS RELEASE – Manchester, UK, June 30th, 2023] Manchester City and OKX, one of the leading crypto exchanges by trading volume and a leading Web3 technology company, today announced OKX as the Club’s Official Sleeve Partner in a new multi-year agreement. As part of the expanded deal, the OKX brand will feature on the left...
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Bitcoin Dumps Below $30K as SEC Warns That Recent BTC Spot ETF Filings Are ‘Inadequate’ (WSJ)

The US Securities and Exchange Commission has reportedly issued a warning that the recent Bitcoin Spot ETF filings by financial giants, such as Fidelity and BlackRock, could lack comprehensive details. The agency has a long history of rejecting such products in the States, and its current war on crypto is likely not helping. BlackRock made...
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Litecoin’s Hash Rate Hits ATH as Halving Countdown Narrows and LTC Nears $100

Litecoin’s upcoming halving is less than five weeks away, which is expected to happen on August 2, 2023, at block 2,520,000. Leading up to the much-anticipated fact, the network hash rate has already reached a historic high, thereby serving as a positive catalyst for the Litecoin miners As a result of this increased confidence, LTC...
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Coinbase Sued Alongside DerivaDAO (DDX) And Rally (RLY)

The intense regulations and scrutiny by the US Security and Exchange Commission (SEC) have led them to sue US largest Exchange, Coinbase, for trading unregistered securities. SEC has called out over 50 cryptos, termed securities, and DerivaDAO (DDX) and Rally (RLY) are among these tokens. However, there is good news. The next big thing is...
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Coinbase Files Request for Dismissal of Charges

Merely a few weeks after the SEC sued the platform for facilitating unregistered trading with 12 tokens that the agency considers to be securities, Coinbase’s legal representatives have filed for a complete dismissal of the lawsuit, citing concerns regarding the legal authority of the regulator. Prior Approval Disregarded One of the principal arguments laid out...
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UK Passes Bill Establishing Crypto and Stablecoins as Regulated Financial Activities

On June 28, King Charles III granted Royal Assent to a landmark bill to “regain control of the financial services rulebook.” The Financial Services and Markets Bill 2023 was approved by the upper chamber of the UK parliament on June 19. The bill includes measures to bring crypto assets and stablecoins into the scope of...
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Paxos Gives USDP Stablecoin Access to Mexico With Mercado Libre Partnership

Blockchain fintech company Paxos has announced partnering with online marketplace Mercado Libre to bring the Pax Dollar (USDP) stablecoin to users in Mexico. Transactions will be facilitated by MercadoPago, which happens to be a digital wallet app by Mercado Libre. The latest move is part of Paxos’ vision to position itself as an “established leader”...
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