On Monday, the U.S. wing of Sam Bankman-Fried’s crypto empire said its new marketplace, FTX NFTs, will allow users to trade, mint, auction and authenticate Solana-based NFTs. It plans to soon support Ethereum NFTs, the home to the bulk of non-fungibles trading. Source
The come-up of the FTX cryptocurrency exchange has been one of the most inspiring stories out of the crypto space. Its success put its CEO Sam Bankman-Friend on the path to become one of the richest crypto billionaires. The 29-year-old was featured on the Forbes 2021 List of 400 Richest People In America, which saw the CEO named as the richest crypto billionaire. Although FTX has had an impressive track record, the road to the present was not always an easy one. CEO Sam Bankman-Fried opened up on some of…
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Futureswap has raised $12 million in venture funding from Ribbit Capital, Framework and Placeholder to launch an updated version of its Ethereum-based exchange. The protocol, which taps into v3 of leading automated market maker (AMM) Uniswap, enables leverage of up to 30x on any liquidity pool. “We’re super excited to add this layer as a new primitive,” CEO and co-founder Derek Alia told CoinDesk in an interview. “The amount of possibilities now are very, very cool.” Perpetuals are a crypto-native innovation similar to futures but without an expiration date, enabling…
Former Chancellor of the Exchequer in the United Kingdom, Lord Philip Hammond, has joined cryptocurrency custodial group Copper as a senior advisor with the ambition of “promoting the UK as a global leader in digital asset technology.” The London start-up firm, which provides custodial and infrastructure services in the digital asset sector, reportedly facilitates over $50 billion in transaction value per month for in excess of 400 institutional clients. During his administration as chancellor between 2016 and 2019, Hammond was commended for expanding the nation’s financial technology sector as well…
“This is a key milestone, we hope that through our knowledge and capital, we can bring great talent and technology to the region through Dubai. ECN is an important platform that can multiply the impact of our reach,” said Ahmad Aljariri, CEO of the private office, in a press release. Source link
The Prime Minister of the United Arab Emirates (UAE) Sheikh Hamdan bin Ahmed Al Maktoum family office has launched a $100 million Blockchain Investment Fund in a push to meet the region’s goal to put 50% of government transactions on the blockchain by 2021. Source
Morgan Beller, former head of strategy at the Facebook subsidiary set up to develop the wallet for its cryptocurrency project, is set to join the Celo Foundation board. Oct 11, 2021 at 4:17 p.m. UTC Updated Oct 11, 2021 at 5:12 p.m. UTC Morgan Beller (NFX) Source
In August, the company started offering an offline trading service. “We were doing the pure broker work. Exchanging euros for the crypto requested and sending it to the client’s wallet,” Borges said, adding that, so far, the company has just 317 users. “Small numbers, but this is just starting,” he added. Source
The price of bitcoin continues to climb higher as the crypto asset has captured over 19% in gains during the last seven days. Bitcoin tapped a daily high on Monday reaching $57,678 per unit, jumping 4.4% in the last 24 hours. Bitcoin Outperforms the Pack as Speculators Assume ETF Approval Is Coming It seems crypto investors are more attracted to bitcoin (BTC) in recent times as the crypto asset has been outperforming most of the top digital currencies in the last few days. On Monday, BTC has jumped 4.4% in…