Global cryptocurrency exchange Binance has made regulatory compliance its top priority. The exchange is on a hiring spree to “significantly” add to its compliance and legal teams. “We are going through a pivot from a technology innovator into a financial services company, so we need to be fully compliant,” said the CEO of Binance. Binance’s …
Monthly archives: August 2021
Federal Reserve Bank President: Bitcoin Has No Legit Use Case — Crypto Is 95% Fraud, Hype, Noise, Confusion
Minneapolis Federal Reserve President Neel Kashkari says crypto is “95% fraud, hype, noise, and confusion.” He added, “I’ve not seen any use case other than funding illicit activities like drugs and prostitution.” Federal Reserve Bank of Minneapolis’ President Says Crypto Is ‘95% Fraud, Hype, Noise and Confusion’ Neel Kashkari, president of the Federal Reserve Bank …
Dex Aggregator 1inch to Utilize Ethereum Scaling Solution Optimism
On August 17, the decentralized exchange (dex) aggregator 1inch announced the platform will leverage the Layer 2 solution called optimistic rollups provided by the project Optimism. The collaboration with Optimism aims to “substantially increase transaction speeds and lower gas fees for 1inch users.” 1inch to Use the L2 Solution Optimistic Rollups via Optimism Gateway Ever …
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Coinbase amasses a $4B war chest so it can outlast ‘crypto winter’
Coinbase, the largest American cryptocurrency exchange, has stockpiled a war chest worth about $4 billion in cash in preparation for decreased crypto retail trading volumes and higher operating costs brought on by regulatory hurdles. It reportedly expects to use the cash to cover costs incurred by a variety of factors, including conforming to new regulations …
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Second largest US mortgage lender will accept crypto payments this year
United Wholesale Mortgage (UWM), the second-largest U.S.-based mortgage lender is planning to accept cryptocurrency payments this year starting with Bitcoin (BTC). UWM CEO Mat Ishbia revealed the crypto plans on Monday in a conference call regarding the firms’ Q2 results — with the firm posting a $138.7 million net profit for the quarter. “We’re excited …
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Bitcoin Price Prediction: BTC/USD Slumps Below $45,000 Level
Bitcoin Price Prediction – August 18 The Bitcoin price prediction shows that the BTC is currently hovering at $44,870, right below a crucial support level of $45,000. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $48,000, $50,000 $52,000 Support Levels: $41,000, $39,000, $37,000 BTCUSD – Daily Chart Buy Bitcoin Now After touching the …
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Publicly Listed Mortgage Company Announces Plans To Accept Payments in Bitcoin and Crypto: Report
New York Stock Exchange-listed mortgage firm United Wholesale Mortgage Holdings Corporation (NYSE: UWMC) says it intends to accept cryptocurrency as a form of payment. ADVERTISEMENT In an earnings call during the release of the company’s second-quarter 2021 results, the chairman and CEO of the publicly listed firm, Mat Ishbia, says the plan could take …
Here’s Who Could Be ‘Captured’ by New Crypto Provisions in the US, According to Lawyer Jake Chervinsky
Crypto legal expert Jake Chervinsky is laying out exactly how crypto provisions in the new infrastructure bill could impact the cryptocurrency industry. In an interview on the Bankless podcast, Chervinsky gives a refresher on the new US bill, explaining that its expansion of the term “broker” could negatively affect virtually everyone in the crypto industry. …
Popular Crypto Trader Predicts New All-Time Highs for Solana and FTT, Says This Memecoin Is Breaking Out
A closely followed crypto trader is predicting new all-time highs for Ethereum competitor Solana (SOL) and exchange token FTT and says one meme coin is in the midst of a breakout. The pseudonymous trader, known as Smart Contracter, tells his 158,800 followers that even though SOL has just reached a fresh all-time high, the blazing …
Crypto Markets in Midst of ‘Full Recovery Back to All-Time High’, According to Analyst Nicholas Merten
Crypto analyst Nicholas Merten says Bitcoin and the crypto markets look like they’re in the middle of a full recovery back to all-time highs. Merten analyzes Bitcoin in a new strategy session and says that the world’s leading cryptocurrency is behaving more like a correction within a broader bull market, rather than presenting as a …
Avalanche Rush to give out more than 180M in DeFi incentives
Smart contract platform Avalanche has announced a $180 million liquidity mining incentive program, named Avalanche Rush. The program aims to encourage more applications and tokens to move to Avalanche’s decentralized finance (DeFi) platform, according to the release. It’s set to follow a multi-stage deployment starting with the Aave and Curve protocols, before expanding to other …
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3 developments signal that Verasity (VRA) price may have bottomed
The marketwide sell-off on May 19 triggered a 55% decline in the price of Bitcoin (BTC), and altcoins were hit even harder, with some tokens seeing declines of up to 90%. One project whose native token price appears to have bottomed out after an 87% decline from its all-time high is Verasity, an e-sports-focused blockchain protocol focused …
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Vienna Stock Exchange will list crypto ETPs from ETC Group
London-based financial services firm ETC Group will list its entire portfolio of crypto exchange-traded products (ETPs) offering exposure to Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) on Austria’s national stock market. In a Wednesday announcement, the ETC Group said the Wiener Börse, or Vienna Stock Exchange, would be listing three of its crypto exchange-traded products that are …
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Creator of Pepe The Frog files DMCA claim taking down Sad Frogs NFTs
Matt Furie, the creator of Pepe The Frog, moved to take down a frog-based collection of NFTs on the OpenSea platform. Sad Frogs District was delisted by way of a Digital Millennium Copyright Act (DMCA) takedown notice. This refers to a U.S copyright law that protects creative works on the internet. It allows the copyright …
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Dutch club PSV to receive entire sponsorship in Bitcoin (BTC)
Leading Dutch football club, PSV Eindhoven is the latest football club to venture into the crypto space as the club has announced a new partnership with Anycoin Direct, which would see it become the first club in European football to have all of its sponsorship deal paid for using the flagship digital asset, Bitcoin. Dutch …
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