Trade Crypto Now

16 сентября 2023 21:40

🇺🇸 SEC Accuses Binance.US Is Breaching Agreements Set Forth In Lawsuit

The U.S. Securities and Exchange Commission (SEC) has taken legal action against Binance.US, accusing the cryptocurrency exchange of non-cooperation during an investigation. The SEC has expressed dissatisfaction with the evidence provided by Binance.US’s holding company, BAM, which amounted to roughly 220 documents, including incomprehensible screenshots and documents lacking dates or signatures. The company countered these claims, stating that their use of Ceffu’s wallet services did not grant access to customer funds.

Federal regulators are concerned that Binance‘s reliance on Ceffu’s custody service violates an earlier agreement designed to prevent assets from being moved offshore. The SEC further alleges that its submission of sealed documents in response to earlier requests has caused significant delays in the case. This legal dispute has caused a stir in the crypto industry, impacting investor sentiment and trading volumes on other exchanges, such as Binance.US executives have recently departed. In a recent development, both the SEC and Binance, along with its U.S. affiliate, have agreed to unseal several documents related to the case. The legal battle between the company and the agency continues to unfold, with implications for the broader cryptocurrency industry.

Source

@TradeCryptoNow

Trade Crypto Now

13 сентября 2023 15:54

🪙 Hashdex Makes Waves With Innovative Spot Ethereum ETF Application In The US

Hashdex, renowned for its innovative investment strategies, has entered the competitive arena of Ethereum exchange-traded funds (ETFs) in the United States. The move comes in response to the escalating demand for cryptocurrency-based investment products. According to Bloomberg analyst James Seyffart, Hashdex recently submitted an application for a spot Ethereum ETF, aptly named the “Hashdex Nasdaq Ethereum ETF.” This proposal mirrors their earlier approach regarding Bitcoin, combining futures and spot trading strategies.

For the uninitiated, ETFs, or exchange-traded funds, are investment instruments traded on traditional stock exchanges; their value is intrinsically tied to underlying assets, which could encompass a variety of assets, from stocks to commodities. Hashdex’s approach sets it apart from recent contenders in the ETF arena, as it does not rely on the commonly discussed Coinbase surveillance sharing agreement. Instead, the company plans to source spot Ethereum directly from established physical exchanges within the CME market. The company has already filed a similar application for a Bitcoin futures ETF, further diversifying its crypto ETF offerings.

Source

@TradeCryptoNow

Trade Crypto Now

12 сентября 2023 14:24

🚀 Unleash the Power of

😇🥰😇🥰😇🥰🥰🥰

Safe and Transparent Betting 🚀

Experience the future of betting with Dexsport! The cutting-edge Web3 platform operates on BNB Chain, Ethereum, Polygon, OKC, Avalanche, Arbitrum blockchains, offering you a secure and transparent betting experience.

Discover the Dexsport difference:
✅ Lightning-fast transactions
✅ No intermediaries or registration hassle
✅Instant payouts and no player blocking
✅A safe and transparent betting system

Join Dexsport today and be part of the revolution. Betting has never been this safe, transparent, and exhilarating. Don't miss out on the future of betting – get started now!✅

👉 Try now:⚡️

https://go.dexsport.io/go/e1bb2e6b ✨🟥

Trade Crypto Now

10 сентября 2023 10:04

📣 IMF and FSB Release 'Policies for Crypto Assets' at G20 Request

The International Monetary Fund (IMF) and the Financial Stability Board (FSB) published their joint synthesis paper titled “Policies for Crypto Assets” on Thursday. The report was developed at the request of the Indian G20 Presidency. “This paper’s key objective is to synthesize the work of the IMF and the FSB,” the report details, adding that the two international organizations “have advanced policy and regulatory recommendations to identify and respond to macroeconomic and financial stability risks associated with crypto-assets.”

One of the many issues covered in the report is blanket bans on cryptocurrencies. “Blanket bans that make all crypto-asset activities (e.g., trading and mining) illegal can be costly and technically demanding to enforce. They also tend to increase the incentives for circumvention due to the inherent borderless nature of crypto-assets, resulting in potentially heightened financial integrity risks, and can also create inefficiencies,” according to the IMF and the FSB. The IMF and the FSB, together with other international organizations (IOs) and standard-setting bodies (SSBs) “have set out a roadmap to ensure effective, flexible, and coordinated implementation of the comprehensive policy response for crypto-assets,” the paper states, elaborating.

Source

@TradeCryptoNow

Trade Crypto Now

07 сентября 2023 14:33

🔵 Native USDC Now Seamlessly Available On Base Network

Native USDC (USD Coin) is now effortlessly accessible on the Base network, eliminating the need for complex bridging processes. Circle, a trusted entity in the digital currency space, officially issues native USDC. This means that users can seamlessly exchange their native USD Coin for US dollars at a 1:1 ratio, underscoring its reliability and stability as a digital currency. This exciting integration, announced via the official Circle blog on September 5, extends the convenience and utility of USDC to developers and users within the Base network.

To access this token on the Base network, developers and users can utilize Circle accounts and Circle API, both of which fully support Base USDC. This user-friendly integration streamlines the process of incorporating USDC into transactions, providing a smoother experience for participants in the Base network ecosystem. Base is also actively collaborating with its ecosystem partners to facilitate the seamless migration of liquidity from USDbC to USDC. This transition ensures that users can transition their assets smoothly and efficiently, enhancing their overall experience within the Base network. Coinbase enables users to conveniently deposit USDbC and withdraw USD Coin to a digital wallet, including Coinbase Wallet, providing a straightforward gateway for users to access native USD Coin.

Source

@TradeCryptoNow

Trade Crypto Now

05 сентября 2023 13:16

🟣 Multichain Token Surges 125% And Sees 7000% Volume Increase After CEO’s Arrest

Multichain token (MULTI) saw a 125% increase and nearly 7000% transaction volume surge. Trading at $2.15 with recent news of CEO’s arrest. Multichain token (MULTI) experienced a massive increase of 125% in the past 24 hours, according to CoinMarketCap. The transaction volume also spiked by nearly 7000%. At the time of this writing, MULTI is trading at $2.15 after hitting a peak of $2.38 a few hours ago.

Despite this setback, the project has repositioned itself as an infrastructure for arbitrary cross-chain interactions, an ultimate router for Web 3. Evolved from Anyswap, a decentralized cross-chain swap protocol with DEX trading and liquidity mining rewards, Multichain is designed to allow for cross-chain interactions seamlessly and safely. The total supply of MULTI will be 100 million according to the fixed exchange ratio with ANY as the total supply of ANY is 100 million. Currently, ANY circulating supply is 18,639,320, accounting for 18.64% of the total. Once the swap is completed, MULTI circulation will be 18,639,320 while the uncirculated accounts for 81.36%.

Source

@TradeCryptoNow

Trade Crypto Now

04 сентября 2023 20:16

🪙 FTX filing shows company bought yacht for former co-CEO Sam Trabucco

A recent filing from the FTX debtors, led by CEO John Ray III, revealed how the executives of Alameda Research, the trading firm primarily owned by former FTX CEO Sam Bankman-Fried, benefitted from personal cash transfers of company funds. Included within the list were over $900 million in transfers to Sam Bankman-Fried labeled simply as “Cash Payment,” $15.5 million in cash transfers, and a single $3.5 million transfer to ex-Alameda CEO Caroline Ellison.

The list also showed a $2.5 million payout to the American Yacht Group for ex-Alameda co-CEO Samuel Trabucco. The trader said he had recently bought a boat when he announced his resignation from the company a few months before it collapsed. "I hope he has a great time on his boat!" said Ellison at the time. Other Alameda staff mentioned in the documents include co-founder Gary Wang and former engineering director Nishad Singh, who have both plead guilty and are expected to testify against Bankman-Fried as well as former FTX co-CEO Ryan Salame, who is not expected to testify. Trabucco, who has not faced any criminal charges, has yet to speak publicly following the collapse.

Source

@TradeCryptoNow

Trade Crypto Now

01 сентября 2023 21:56

➡️Stay ahead in the world of cryptocurrencies with just a single click!

By following the link
➡️ /channel/addlist/kp0pSP98Hzg2NzM8 , you will automatically join five highly informative crypto news channels on Telegram.

🏆These channels include:

1. @BitcoinNews 🥇 - Stay updated with all the relevant news about Bitcoin, the number 1 cryptocurrency.

2. @EthereumNews 🔵 - Get access to all the important updates and news about Ethereum.

3. @Altcoinnews 🍰 - Stay informed about all altcoins, the alternative coins besides Bitcoin, with timely information and insights.

4. @TradingNews ⚫️ - Never miss out on any trading information again! Receive regular updates on charts, analyses, exchange news, and much more.

5. @MetaverseNews ⚫️ - For all things related to the metaverse, this channel provides you with comprehensive information to keep you in the loop.

Don't miss out on any crucial developments in the crypto world!

⚠️Join all five channels immediately by clicking on this link: ⚠️
/channel/addlist/kp0pSP98Hzg2NzM8.

Stay up to date and make informed decisions with these invaluable sources of crypto news.

#Ad

Trade Crypto Now

31 августа 2023 05:51

🇯🇵 Japan’s Financial Services Agency Charts Bold Path Towards Digital Future With Web3 Embrace

Japan’s Financial Services Agency has unveiled its financial policy guidelines for the upcoming administrative year, spanning July 2023 to June 2024. Under the banner of “Constructing a Financial System Aligned with Societal Concerns and Economic Advancement,” the agency has put forth the ambitious objective of realizing a digital society. This encompassing goal encompasses plans for the implementation of digital currencies and encrypted assets in line with Web3 policies.

Among the proposed strategies is the facilitation of a registration review system, aimed at enabling seamless issuance and circulation of stablecoins. The encouragement of self-regulatory bodies is also highlighted in these policies. The country’s largest global Web3 conference, “WebX,” held in July, enjoyed sponsorship from Japan’s Financial Services Agency. The conference featured a video speech by the Prime Minister, reaffirming the government’s robust backing of the Web3 policy. The pursuit of sustainable economic growth is a cornerstone of Japan‘s financial management approach for this fiscal year. The agency is set to formulate pertinent financial legislation to support this objective, with plans to promptly submit relevant bills to Congress.

Source

@TradeCryptoNow

Trade Crypto Now

29 августа 2023 21:48

💰 Shibarium Reopened Withdrawal For Cross-chain Bridge On Mainnet

The developers of layer 2 Shibarium said that withdrawals on its cross-banana bridge have resumed after a temporary shutdown due to overload. The move comes after the team temporarily suspended both the Shibarium mainnet and the bridge recently, citing scalability issues and locking down millions of dollars in user funds effectively. Shibarium has accumulated over 65,000 wallets and 350,000 transactions, Shiba Inu lead developer Shytoshi Kusama revealed in a blog.

Its mainnet was originally launched on August 16 but was quickly halted. The team attributed the halt to the “huge flow of transactions” and assured users they would regain full access to their funds once the mainnet was back up. Shibarium has accumulated over 65,000 wallets and 350,000 transactions, Shiba Inu lead developer Shytoshi Kusama revealed in a blog. Explorer Shibariumscan.io shows that the Shibarium mainnet has been producing blocks since August 24. By design, withdrawal of Shib, Leash, WEth across the bridge takes at least 2 Checkpoints (45 minutes to 3 hours), and BONE withdrawal will take up to 7 days. These are working assertions, as seen below. Shibarium is a layer 2 blockchain developed by the creators of the memecoin Shiba Inu to facilitate the transfer of tokens to Ethereum.

Source

@TradeCryptoNow

Trade Crypto Now

26 августа 2023 09:27

🇭🇰 HashKey to start crypto retail trading service in Hong Kong next Monday

HashKey Exchange, an Asia-based cryptocurrency exchange, is set to start offering crypto trading services to retail clients starting from Aug. 28, its executive said. In an interview with The Block, Livio Weng, HashKey’s chief operating officer, said the exchange will commence its retail trading services for bitcoin and ether — the two largest cryptocurrencies in circulation — only. Weng said offering trading services for the two tokens can fulfill most retail investors’ needs.

The new operation comes after HashKey, earlier this month, became the first crypto outfit in Hong Kong to obtain a license under the city’s new licensing regime, which permits crypto trading platforms to offer retail services. Weng added that both the company and Hong Kong’s financial regulator hold a more prudent approach toward offering retail trading services. “We thought it’d be better to be more prudent,” Weng said. “In a bearish market environment, there could be higher risks trading the so-called altcoins, so we hope to offer tokens that come with relatively lower risks at first.”. “This could potentially bring in tens of millions of users who trade Hong Kong stocks on these platforms.”

Source

@TradeCryptoNow

Trade Crypto Now

24 августа 2023 22:56

📣 3 Pendle Pools Affected By Balancer’s Emergency Measures, Money Is Safe

According to the official announcement from the DeFi Pendle Finance profit agreement, it was announced that 3 of the platform’s liquidity pools were affected by the Balancer’s emergency measures. The 3 Pendle pools, including ETHx-bbaWETH, swETH-bbaWETH, and swETH-bbaWETH (old) and others, will not be affected. Funds in the affected pools are safe, but the swaps in the Base Balance pool have been disabled. This means there will be no additional fees or benefits.

Balancer Labs has received reports of a critical vulnerability affecting several teams. The vulnerability report prompted immediate emergency measures. The most money on Balancer is safe. Only 1.4% of total TVLs are at risk, and only enhanced groups are affected. Some groups are paused to reduce risk. Emergency SubDAO has initialized proportional exit options for all affected pods in response to this situation. Additionally, groups that are still on hiatus have been temporarily suspended as a precautionary measure. Balancer has provided a personalized page on the user interface to determine if a connected wallet is an LP in any affected pool and a streamlined process to guide you through withdrawals.

Source

@TradeCryptoNow

Trade Crypto Now

23 августа 2023 14:10

Place your Advertising now in the @TradeCryptoNow channel.

➖ Over 80.000 subscribers
➖ Over 150.000 Views daily

Admin: @TradeAdmin

Trade Crypto Now

21 августа 2023 12:05

📣 Zetachain Raises $27 Million to Develop a 'Chain to Manage Them All'

Zetachain, an interoperability-focused blockchain project, has raised $27 million in a Series A funding round. Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, and others participated in the round. Funds will be used to launch the mainnet of the chain and also to grow its decentralized app ecosystem. Zetachain wants to tackle the isolation problem that affects blockchains.

Zetachain’s solutions are still in testnet stages, there are already more than 27,000 decentralized application contracts used in several applications in various fields, including decentralized finance (defi), non-fungible tokens (NFTs), universal Web3 social, identity, and gaming protocols. Zetachain claims that 1.7 million users have participated on its testnet, with over 13 million transactions completed. With its design approach, the company expects that fees, slippage, and complexity will be reduced for the average user to reach global audiences and introduce them to crypto. For them, solving the fragmentation problem is “critical to enabling Web3 apps and services to reach a larger audience in the hundreds of millions.”

Source

@TradeCryptoNow

Trade Crypto Now

19 августа 2023 14:53

💰 Celsius Nears Asset Sale To Fahrenheit Consortium Amidst Legal Turbulence

Crypto lending firm Celsius, which faced bankruptcy proceedings last year, has received the green light from a judge to proceed with a voting process concerning the sale of its assets to the Fahrenheit consortium. The proposed plan aims to offer creditors a restitution range spanning from 67% to 85% of their holdings, with a major portion of the reimbursements planned in Bitcoin and Ethereum. Scheduled between August 24 and September 22, the voting procedure will involve a consortium led by notable entities like Arrington Capital and U.S. Bitcoin Corp.

The firm’s ex-CEO, Alex Mashinsky, faced fraud charges that led to his arrest in July. However, the company itself remained unindicted. Moreover, Celsius asserts that its plans to reimburse its customers will not be hindered by the $4.7 billion fine imposed on it by the Federal Trade Commission. A legal case was brought forward by former director James in January, which foreshadowed an unveiled indictment last month. This indictment alleged that between 2018 and June 2022, Mashinsky masterminded a comprehensive scheme to mislead Celsius customers, artificially inflating the value of its proprietary token, CEL. Mashinsky, however, has categorically denied these charges. Earlier proposed plans by Celsius involved creating a new entity owned by the creditors.

Source

@TradeCryptoNow

Trade Crypto Now

15 сентября 2023 08:06

🏴 Aptos Set To Unlock $103 Million In Tokens: A Boost To Liquidity

Aptos (APT) is getting ready to release tokens valued a total of $103 million. Aptos, a Layer 1 protocol founded by former Facebook employees, is poised to release a substantial amount of tokens, with plans to issue 20 million Aptos (APT) tokens in November, according to data from TokenUnlocks. At the current market price of $5.17 per token, this unlocks an impressive $103 million worth of APT tokens, representing over 8.5% of Aptos’ circulating supply of 235.02 million.

The forthcoming release of APT tokens is expected to inject significant liquidity into the market, as reported by research firm The Tie, which specializes in digital assets. Notably, the issuance of 20 million APTs amounts to 112% of the average daily trading volume over the preceding 30 days. To manage this unlock, Aptos will adopt a phased approach, with the initial release set at 5.83 million APT tokens in November, equivalent to 32% of the average daily volume. By December, this figure is anticipated to rise to 6.15 million APTs. Over the past year, Aptos has been consistently unlocking 4.62 million APTs each month for various community and organizational purposes.

Source

@TradeCryptoNow

Trade Crypto Now

12 сентября 2023 21:44

🍣 Sushi Swims Beyond Ethereum To Layer 1 Aptos, Aims For Cross-Chain Glory

Leading decentralized exchange (DEX) platform Sushi is embarking on an expansion into the Aptos Network, marking a significant move as it ventures beyond the Ethereum Virtual Machine (EVM) ecosystem. The integration will see the DEX’s key components, including Sushi v2 AMM and SushiXswap, seamlessly integrated onto the Aptos Network. This pioneering collaboration with Aptos represents a crucial step in realizing its vision of achieving cross-chain and multi-chain prominence.

While the DEX has been a prominent player in various EVM chains, such as Ethereum, Fantom, Polygon, Arbitrum, and BNB Chain, this expansion signifies its commitment to diversifying its presence and embracing innovation. Its governance has actively pursued strategies to enhance its protocol, recently passing a proposal to increase liquidity in one of its pools. DWF Labs, a global digital asset market maker, has proposed a collaboration to bolster liquidity and trading depth for SUSHI tokens within the V3 protocol. As the DEX’s integration with Aptos Network unfolds, it represents a promising step towards greater interoperability and a world-class user experience for both Sushi and Aptos users and developers.

Source

@TradeCryptoNow

Trade Crypto Now

11 сентября 2023 14:42

🪙 Bitcoin ETF Market Will Grow Into A $100 Billion Juggernaut If Approved

US spot Bitcoin ETF market potential to reach $100B, attracting new money. Cheaper, more efficient than futures ETFs. According to Bloomberg Intelligence estimates, if approved, the US spot Bitcoin ETF market has the potential to grow into a $100 billion juggernaut over time. Analysts suggest that new money, particularly those looking to buy and hold over longer time periods, will be attracted to a spot product, which is also likely to be cheaper and more efficient than the current futures ETFs on US exchanges.

While Bitcoin-futures ETFs have received a warm welcome as they marked a watershed moment for the crypto industry, they have trailed Bitcoin’s rally this year. The expense associated with rolling over specific futures contracts as they expire has eaten into returns, causing the funds to become unmoored from the asset they track. With spot ETFs more likely than futures-based ones to be a reflection of real-time supply and demand, their introduction may cause “migration of trading activity and liquidity” away from Bitcoin futures markets in the US. Proponents are optimistic that the heft of the issuers involved and Grayscale’s recent court win may finally tilt the odds in favor of these funds being approved.

Source

@TradeCryptoNow

Trade Crypto Now

08 сентября 2023 10:59

📣 Accounting regulator will let firms report crypto at fair market value: Bloomberg Law

The Financial Accounting Standards Board, a U.S. regulating body that sets general accounting practices, has approved new rules to allow companies to report their crypto holdings at fair market value. The rules will be published by the end of 2023 and become active in 2025, but companies can apply the rules early, Bloomberg Law reported. Wrapped tokens are exempt from the new rules. Cody Carbone, vice president of policy at the blockchain trade association Chamber of Digital Commerce, called the decision "huge news."

"The previous accounting measurement was one of the biggest barriers for institutions to hold crypto — they were measured at impairment (measured when price went down but not up)," he added. "Fair value makes sense and will encourage institutional holdings of crypto." Fair market value describes an asset's most recent valuation, which can include prices recovering after a dip. Many major web3 firms such as MicroStrategy and Bitfinex hold bitcoin on their balance sheets. The new rules can "eliminate the poor optics that have been created by impairment losses under the rules that FASB has had in place," Berenberg Capital said in a report. "MicroStrategy, since adopting its bitcoin acquisition strategy in August 2020, has reported $2.23 billion of cumulative impairment losses," the report said.

Source

@TradeCryptoNow

Trade Crypto Now

06 сентября 2023 09:11

/channel/+RS-e_5lUrDk3MThk

Trade Crypto Now

04 сентября 2023 20:44

💰 Top 3 countries per number of Lightning Network nodes are:

🥇 🇺🇸 US
🥈 🇩🇪 Germany
🥉 🇫🇷 France

💰 BitcoinNews
🔵 EthereumNews
🍰 AltcoinNews
⚫️ TradingNews
⚫️ MetaverseNews
📊 StockNews

Trade Crypto Now

02 сентября 2023 20:57

🔻 OP Labs hires former Google exec as chief operating officer

Prithvi Subburaj, previously a general manager at Google, has taken on the role of chief operating officer at OP Labs — a core developer of the Optimism Collective, which governs the Layer 2 network Optimism. The appointment of Subburaj follows Optimism co-founder Karl Floersch’s transition to the role of CEO at OP Labs earlier this year. According to the firm, Subburaj is its first executive hire following this change in leadership.

“Prithvi brings the expertise and leadership needed to scale our teams and processes to support this exponential growth and future potential,” said Karl Floersch, CEO of OP Labs. Subburaj’s background includes leading roles focused on software engineering at Google, where he most recently managed the tech giant's wireless subscription service Google Fi. He was at Google for over 15 years. He has joined OP Labs at a time when the firm is zeroing in on the development of key technological components such as the recent Bedrock upgrade and the upcoming Fault Proof system. The firm previously developed the OP Stack, a software package that has been utilized in the development of Layer 2 chains such as Coinbase-backed Base, Zora, and others.

Source

@TradeCryptoNow

Trade Crypto Now

01 сентября 2023 20:49

🏦 Gemini Outrageously Opposes Genesis’ Chapter 11 Bankruptcy Plan

Gemini, along with two other creditor groups, has expressed opposition to the bankruptcy resolution proposal put forth by Genesis, a crypto lender currently undergoing Chapter 11 proceedings. In a recent filing, Gemini’s legal representatives underscored that the proposed resolution lacked substantial specifics despite being labeled an “agreement in principle” between Genesis, the Commission, and Digital Currency Group (DCG).

The ongoing commitment to address DCG claims through mediation extensions, hearing postponements, and bid deadline extensions has raised questions about the execution of these pledges. DCG had previously reached a preliminary agreement with the creditors of Genesis. Genesis had filed for Chapter 11 earlier this year following a liquidity crisis attributed to the downfall of crypto exchange FTX. The proposed in-principle deal envisions DCG orchestrating fresh debt facilities and a repayment arrangement, including a $328.8 million first-lien facility with a 2-year maturity and an $830 million second-lien facility with a 7-year maturity.

Source

@TradeCryptoNow

Trade Crypto Now

31 августа 2023 00:44

💰 The Graph’s Phase 3 L2 Scaling Surges with Cutting-Edge Transport Engine

The Graph has taken a significant stride forward by formally embarking on the conclusive phase of its Layer 2 (L2) expansion. The much-anticipated L2 migration has been set into motion, ushering in a new era of enhanced accessibility to Arbitrum Charts. This development brings forth an array of tools designed to simplify the process of transitioning to Layer 2. The core advantage of this L2 migration lies in the streamlined experience it offers to users.

With lower gas fees and accelerated transaction speeds, the transition to Arbitrum Charts becomes not only more cost-effective but also remarkably swift. This move strategically addresses the persistent challenges associated with scalability and efficiency in the blockchain ecosystem. One of the standout features is the ability for users to seamlessly convert Graph Token (GRT) or subgraphs to the Layer 2 infrastructure. This innovation introduces an unprecedented level of flexibility, enabling individuals to harness the potential of Layer 2 while retaining their existing assets and resources. This announcement resonates profoundly with the crypto community as it underscores The Graph’s commitment to continuous evolution and improvement.

Source

@TradeCryptoNow

Trade Crypto Now

28 августа 2023 10:19

🇹🇭 Thailand’s Parliament Picked a Pro-Crypto Prime Minister

Srettha Thavisin’s former company purchased a stake in the crypto firm XSpring Capital in 2021 and issued its own token. The government of Thailand voted in favor of Srettha Thavisin (candidate of the Pheu Thai Party) to become the country’s next Prime Minister. The 61-year-old has interacted with the cryptocurrency industry since the company he was in charge of was an active investor in the digital asset investment management firm XSpring Capital. Thailand has been quite hesitant regarding how to approach the sector over the years.

Thavisin, who received 482 votes out of a possible 747, was elected as the 30th Prime Minister of Thailand earlier this week. He now needs the signature of King Maha Vajiralongkorn to officially step into office. It is worth mentioning that Thavisin does not have rich experience on the political scene. He comes from the business sector as the former CEO of the real estate giant Sansiri. He is familiar with the crypto field since his company participated in a $225 million fundraiser for the digital asset management firm XSpring Capital. Another interesting fact is that the Pheu Thai Party (the one which nominated Thavisin a Prime Minister) vowed to distribute 10,000 baht ($285) to each Thai citizen above 16 years if it wins the general election in May. The organization finished second, collecting 28% of the vote, while Move Forward was first with 38%.

Source

@TradeCryptoNow

Trade Crypto Now

25 августа 2023 20:30

🪙 MakerDAO Supercharges RWA Assets, Skyrockets to $2.537 Billion

MakerDAO’s latest transaction has propelled its Real World Assets (RWA) holdings by an impressive $50 million within a mere 24 hours. The move comes as part of MakerDAO’s strategic investment initiative, aimed at diversifying its portfolio and securing promising short-term Treasury bonds. The data from Makerburn, a popular analytics platform, revealed that the organization had acquired BlockTower Andromeda short-term Treasury bonds, boasting an alluring annual yield of 4.5%.

The RWA assets under MD’s purview now stand at a considerable approximate value of $2.537 billion. This figure underscores the organization’s steady progress in managing a diversified portfolio that spans a range of valuable assets. Among these holdings, the crown jewels are undoubtedly Monetalis Clydesdale and BlockTower Andromeda. The former commands a substantial worth of about $1.14 billion, while the latter, BlockTower Andromeda, contributes an impressive $652 million to the burgeoning RWA assets. The acquisition of the BlockTower Andromeda short-term Treasury bonds reflects MakerDAO’s commitment to securing assets with stable returns, further enhancing the organization’s financial stability.

Source

@TradeCryptoNow

Trade Crypto Now

23 августа 2023 20:43

💰 Shibarium Unveils Cutting-edge Surveillance for Reopening

Shibarium has taken a significant stride forward in its development. In a recent announcement, the Shibarium team revealed the culmination of two days of rigorous testing and parameter adjustments to achieve a state of readiness. The network’s upgrade and optimization procedures have been successfully executed, marking a crucial advancement in its beta phase. While Shibarium is still in its beta stage, the most noteworthy aspect of this update is the initiation of block production.

The recent surge in heavy traffic, which necessitated the shutdown of Shibarium for fund safety, underscored the imperative need for such measures. With the newly integrated safeguards, the network is primed to effectively handle variations in user activity while maintaining a seamless user experience. Shibarium is on the cusp of reopening its doors to the public. The network is scheduled to introduce additional validators tomorrow, enhancing user options for staking BONE and participating in reward sharing. This development marks the approaching end of the Beta version, paving the way for Shibarium’s resurgence as a platform that is both reliable and feature-rich for its users.

Source

@TradeCryptoNow

Trade Crypto Now

22 августа 2023 08:03

🇰🇪 Worldcoin: Kenyan Government Launches Proactive Investigation Amid Regulatory Commitment

Kenya has established an investigative parliamentary committee to look into Worldcoin. In a significant move, the Kenyan government has formed a 15-member parliamentary committee, led by Narok West MP Gabriel Tongoyo, to conduct a thorough investigation into the encryption project Worldcoin. The committee has been granted a 42-day window to delve into this token’s activities and present their findings to a House committee. his decision, coupled with mounting regulatory concerns, has prompted a comprehensive review of the project’s operations.

Kenya’s regulatory stance is evident in the project’s uphill battle, with multiple regulatory bodies opposing Worldcoin’s presence within the country. Additionally, the judiciary has intervened, suspending the project’s operations based on a case initiated by the office of the data commissioner. The court’s order mandates the preservation of data collected by Worldcoin from April 2022 to August 2023, pending the lawsuit’s resolution. The Kenyan government’s commitment to transparent and compliant digital endeavors is underscored by the formation of the parliamentary committee. As the investigation unfolds, regulatory scrutiny and legal proceedings continue to shape the landscape for Worldcoin and its operations within Kenya.

Source

@TradeCryptoNow

Trade Crypto Now

20 августа 2023 11:41

💰 Ethereum developers to debut new testnet 'Holesky' next month

Ethereum core developers are planning to roll out a new testnet called Holesky in September. In a bid to improve the testing environment and address supply challenges for ether on testnets, Ethereum core developers are planning to launch a new testnet called Holesky next month, as discussed in a meeting yesterday. The upcoming test network, initially referred to as Holli, aims to offer enhanced testing support for developers working on the Ethereum network.

Test networks, or testnets, serve as clone blockchains that allow developers to deploy applications and identify bugs before launching them on the mainnet. Currently, Ethereum’s ecosystem has two primary testnets: Goerli and Sepolia. However, Goerli is reportedly going to be deprecated soon, paving the way for the introduction of Holesky. Holesky may have a potential supply of over 1 billion testnet ETH. This substantial supply is designed to address challenges that developers face when acquiring testnet ETH on the primary test networks. The large amount of testnet ETH will enable easier access for testing Ethereum smart contracts.

Source

@TradeCryptoNow

Trade Crypto Now

18 августа 2023 14:33

💰 Sui Builder House In Singapore Making Big Steps For Web3 Applications

The official announcement from the next Sui Builder House, taking place in Singapore on September 15 and 16, promises to bring a new step forward for future Web3 applications. Sui Builder Houses are the center of the in-person Sui universe. Our Builder Houses provide opportunities to meet and collaborate with Sui builders across the globe and learn the latest technologies and updates for building on the Sui platform. Scheduled between Token2049 and the Formula 1 Singapore Grand Prix,.

The event will be held at T:>Works, a performing arts theater at 72-13 Mohamed Sultan Road near the Singapore River. Sui Builder Houses offers educational content in a variety of formats. In Singapore, the main stage will feature a series of panels and chats where experts will discuss innovations such as zkLogin and other features of the Sui ecosystem. Participating builders can network with other developers, Sui Foundation team members, business leaders, and potential investors. Each day’s schedule, from 10 am to 5 pm, will include plenty of time to connect. The Builder House will host a special reception at Artemis on September 15, letting participants relax and chat.

Source

@TradeCryptoNow